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Happy Black Monday Friday to you! FTA Black Monday Echoes 25 Years On as Networks Fail to Restore Trust BL A Computer Lesson Still Unlearned Norris Art Cashin On The 25th Anniversary Of 'Black Monday' via ZH ’Black Monday’: Could It Happen Again? CNBC Get set to buy stocks after a market crash MW A Final And Total Catastrophe? Hera Stones ‘Doom and Gloom’ - Is that us? Farrell The Looming Fiscal Cliff: Little Room for Optimism Brookings CEOs warn Obama, Congress to avoid ‘fiscal cliff’ WP MStanley on the cliff No Evidence of Fiscal Cliff Slowdown Yet, Union Pacific CEO Says WSJ The politics of the fiscal cliff WP Fiscal Cliff FAQs NBR Report: Obama will veto any Republican measure to avoid the fiscal cliff, unless it effectively raises taxes on the rich. Romney camp slams Obama over 'fiscal cliff' veto threat FOX Fiscal Cliff Provides Incentive for Selling a Business ASAP Accounting Today Student loan debt hits new record CNBC US military sounds alarm over mounting student loan debt Reuters America R.I.P. Roberts Keen - ‘Open For Offers’ Individual Investors Ring the Register BeSpoke Helicopters’ faint whirring heard in UK Saft “As for the specific idea of cancelling gilts or permanent monetization...” The economy's biggest risks Fortune
GE Revenue Trails Estimates as Health Unit Sales Weaken BL Microsoft Profit Falls Short on Weak PC Demand BL AMD announces job cuts amid declining PC sales CNN Google jumps the gun: Falling profit misses mark MW Goldman Sachs returns fire at former employee Telegraph Former GE execs get prison for bid-rigging CNN Hong Kong Firm to Pay $14 Million to Settle Insider Case BL Jamie Dimon on the Line Vanity Fair Copper Bears Cede to Bulls as Economy Seen Gaining BL Gold equities opportunities better-than-ever - Embry Mineweb Tocqueville Gold Strategy Investor Letter Tocqueville
EU leaders agree 'fiscal facility’ plan with eye on budget union Pritchard Merkel says EU bank supervisor to be built in 2013 Reuters Poisoned Atmosphere - France and Germany at Odds ahead of EU Summit Spiegel Greece Nears Aid Revival as Samaras Wins EU Summit Praise BL China Home Prices Rise in Fewer Cities as Market Stabilized BL Fiscal revenues rise China January-September FDI slips as officials warn on trade Reuters Savers' sorrow as it no longer pays to lock away your cash Telegraph Government to bail out troubled Renesas Electronics Asahi The capital injection by INCJ means that taxpayers will foot the bill if Renesas goes bankrupt Murder, Sex and Corruption - The Battle for China's Most Powerful Office Spiegel Japan PM's vague call for stimulus could backfire Reuters
Dispute With China Hits Japan's Economy Hard BW China Navy Conducts East China Sea Exercises Amid Japan Row BL
Featured Article: Bernanke's Bigger Bubble: QE-3 and the Coming Economic Crash EW Index of U.S. Leading Indicators Rose 0.6% in September BL Philly Fed Weekly Jobless Claims Drop Proves to Be Short-Lived CNBC U.S. to Get Downgraded Amid Fiscal “Theater”, Pimco Says BL “The U.S. will get downgraded, it’s a question of when...” 10 greatest market crashes MW Uncertainty weighing on the global recovery VOX A Simple Measure of the Distributional Burden of Debt Accumulation AEI Iran: How long can debt-laden US remain world power? JPost Summers’ talks cliff - Duy - Yardeni - Smith The fiscal future? Well, that can wai. Samuelson On China Currency, Hot Topic in Debate, Truth Is Nuanced Bradsher
Another Hedge Fund Veteran Throws in Towel CNBC Citigroup’s Pandit and the Selective Use of Facts Weil Man arrested in alleged Federal Reserve terror plot CNN Corporations and the wealthy funded party conventions Reuters Latest Housing Fear: A New Apartment Bubble CNBC Armstrong Stands to Lose $30 Million as Sponsors Flee BL $2,200 an ounce gold just around the corner: CIBC G&M Poor Market Conditions will See 180 Solar Manufacturers Fail by 2015 OilPirce
China Shows Pickup Signs After Seven-Quarter Slowdown: Economy BL China Home Prices Rise in Fewer Cities as Market Stabilized BL Chinese equities look awfully cheap Pritchard Don Quixote Is Alive and Well and Living in Spain Lachman The next euro storm is in Italy Lynn Greece is still on ice CNN Merkel Urges Tax Cuts to Boost German Economy Reuters Tucker: 'worst may still be ahead' for banks Telegraph "There is a tangible probability – not a high probability – that the worst may still be ahead" Volcker says Vickers' reforms are at risk from the bankers Inde Soaring won triggers fund outflow worries Korea Times Big Investors Bet on Regime Change in Cuba CNBC 'You Get What You Pay For' - The Hidden Price of Food from China Spiegel
Japan Risks China Fury as Ministers Visit War Shrine BL Dispute over Diaoyu Islands China Daily
U.S. home construction surges in September MW Mortgage Applications Fall Another stock crash like 1987’s is inevitable Hulbert How the West was lost Price Currency War: U.S. Attack Merk Risk Is Back as Fund Managers Turn Bullish on Equities CNBC Gross: Why Stocks & Bonds Have ‘Plateaued’ CNBC Rise Up: US Soft Patch Appears to be Ending Sonders Chances of Going Over Fiscal Cliff May Be Higher Than Experts Think WSJ If Romney Wins, Expect the End of Quantitative Easing Dorsch Missing from Romney's tax plan: Reality Fortune Election can be predicted by stock market, researchers say NBC Minter: China Loves the Mitt and Barack Show BL China bashing prevails as U.S. vote nears CNN Against a Sea of Enemies: China as Currency Manipulator EB Anheuser-Busch - the “official beer” of the presidential debate Poli 3 places to hide your cash from a market implosion MW Smith Where Are Consumers Getting Income to Spend? WSJ
Wilbur Ross: Banks 'Too Complex to Manage' CNBC Pandit's $15 million pay still a question mark CNN What Really Happened? Why Citigroup matters to you Harrison Boring Bankers Replace ‘Masters of the Universe’ FT Electric Car Battery Maker A123 Systems Files Bankruptcy BL Foxconn says underage workers used in China plant Reuters U.S. Postal Service hits borrowing limit for first time Reuters Complaints may presage student loan crisis WP As Money Hides Away, Gold Heads for a Blowoff FT We don't have the sort of bubble in gold that you see in a real mania... China’s falling gold imports hint at rally’s end MW China cooling may seal gold's demise MW Mexican journalist tracks down his country's gold -- in London GATA Roman gold coin hoard found in St Albans is 'nationally significant' BBC BHP warns on slowing global ore demand Spectator Global Oil Production Set to Skyrocket Asia Sentinel
Loonie dives half cent on perceptions Carney less hawkish G&M Have Canadian monetary authorities shifted their course and are prepared to ease policy and follow the leads of the Fed, the ECB and the Bank of Japan? French business erupts in fury against "disastrous" François Hollande Pritchard Moody's affirms Spain rating at Baa3 MW 'We Are Greedy and Asocial' - Corruption Continues Virtually Unchecked in Greece Spiegel Norway’s Housing Boom Could Lead to Spain-Style Bust CNBC China Slowdown May Be Tolerated as Job Needs Shrink BL Chinese Show Deepening Concern Over Corruption BL China: 'No trade war with anybody' China Daily Capital Inflows Become Outflows in China WSJ NHK - Toyota to halt 2 production lines in China via YouTube Spectacular Art Heist Stuns Rotterdam Museum Spiegel
Meet Mansa Musa I of Mali – the richest human being in all history Inde
Consumer Prices in U.S. Rise as Fuel Costs Jump BL IP Rises Credit Clips Homebuilder Confidence in October CNBC Economic Singularity Mauldin Reinhart, Rogoff: U.S. Recoveries Aren’t Different BL Doomsday Cycle targets America next Farrell Johnson & Boone Warning: Money + politics = ticking time bomb Japan Set to Overtake China as Top U.S. Lender BL International Demand for U.S. Assets Rises on Europe BL Fed officials offer divergent views on inflation risks Reuters Lacker Jim Rogers Sees ‘Serious Problems’ for Stocks CNBC Global Equity Rally Hangs By A Thread Rithotlz Foreign Policy in a Naughty World Bear’s Lair Gold Prices To Soar On Financial Crisis: Bob Wiedemer IBD “I estimate that in 2014 or 2015, we will begin to see significant inflation over 5% and eventually much higher...” The Aftershock Investor Amazon The National Debt and Our Children: How Dumb Does Washington Think We Are? Baker The Future of America Is Japan: Stagnation Smith Panzner
Sold! America Is Flipping Out Again Over Real Estate CNBC NY Fed Sends Thousands of Libor Papers to Congress Reuters Good bean counters? Starbucks has paid no tax in UK since 2009 Inde Shocker at Citigroup as CEO Vikram Pandit Abruptly Resigns Breakout 17 Frightening Facts About Retirement Savings in America FOOL If Gold Breaches $1,800 a Big Rally Coming: Chart CNBC
Euro destroying EU, and Germany should save it: Soros Reuters Rajoy Bets Playing for Time Will Win Easier Bailout Terms BL S&P Cuts Spain's Largest Lenders on Nation Downgrade BL Europe Sept. Car Sales Plunge Most in Two Years BL New home sales hit highest in 15 weeks Shanghai Daily Beijing offices still hot properties China Daily Chinese exporters fear grim outlook FT The missing piece in the puzzle of Japan’s lost decades East Asia Forum Fighting Deflation in 18th-Century Japan WSJ Pension schemes face 30-year funding gap FT This is much longer than the estimate of about 10 years by the UK Pensions...
North Korea rebuffs U.S. at secret meeting in China FP
Study Shows $1.2 Trillion Gap for Public Pensions Reuters Milliman Retail Sales in U.S. Increased More Than Forecast BL Manufacturing in New York Region Contracts for Third Month BL Passed Pawns Hussman “Losses?!” Saut Will central banks cancel government debt? Gavyn Davies (R) Believe the jobs report or Apple? Fleck Global Distress 3.0 Looms as Emerging Markets Falter BL Mr. Global Economy – The Economic & Psychological Prognosis Das Best In Show The BRIC rescue that wasn’t Samuelson Consumers Paying Down Debt Helps Boost U.S. Expansion BL The world is stuck in a vicious cycle Summers Smith - Mish The Self-Destruction of the 1 Percent NYT
Hedge Fund Trio Sit on Big Losses at GLG FT ACLU Accusing Morgan Stanley Of Predatory Lending HP Stronger Stocks, Weaker Profits Barron’s Can Morgan Stanley’s Gorman Save Wall Street? Cohan High-Speed Trading No Longer Hurtling Forward NYT Gold slips as buyers await clarity over Spain Reuters Americans Roth and Shapley Win Nobel for Economics Reuters
Euroland's debt strategy is an economic and moral disgrace Pritchard Spain to ask for bailout next month Telegraph German Finance Minister Rules Out Greek Euro Exit Spiegel Portugal faces suffocating 2013 budget Reuters Austerity Protests Are Rude Awakening in Portugal NYT China says its currency close to equilibrium rate Shanghai Daily China's inflation eases to 1.9% China Daily China’s economy seeks solid ground MW China Letters: The disaster that exposed the underside of the boom New Yorker Iran's Secret Plan to Contaminate the Strait of Hormuz Spiegel
US official visits Tokyo as island questions linger China Daily
Bernanke: What's Good For US is Good For Global Economy Reuters Alarm on Wall Street Grows as 'Fiscal Cliff' Nears CNBC A Little Chronic Deflation Mauldin (Shilling) The Myth of Deleveraging Noland Hard to be Easing Roubini Teetering on the edge? Schwab Market Perspective How Black Monday sowed the seeds for the current financial crisis Guardian Consumers And Investors Confident Even As Global Recession Threatens Anew! Harding Percent Buy Index (PBI) Gives Sell Signal Swenlin Believe the jobs report or Apple? Fleck Mutual fund casinos still skimming billions Farrell Economy and Markets Continue to Improve Puplava A Global Perspective: More Economic Slowing NYT Geithner defends Obama as deficit again tops $1 trillion TheHill Global Views Scotia Global Equity BMO Weekly Focus: Room for easing in China Danske New $100 bills stolen en route to Fed facility - FBI CNN
Questions From a Bailout Eyewitness Morgenson Enough about the "fiscal cliff." What about the dividend cliff? WSJ Profit Pessimism at 2009 High on Intel, FedEx Forecasts BL Fed actions to reduce mortgage rates may be helping banks more than borrowers WP Advanced Micro Devices Said to Plan Up to 2,340 Job Cuts BL University Endowments Face a Hard Landing NYT Turning Point for Suits Over Chinese Drywall NYT Gold’s primed for a breakout, but where to? MW
Euro zone mulls new ways to cut Greek debt mountain Reuters Research Euro: Hard data beats soft data - which is right? Danske Spain, U.S. fiscal cliff may spark market correction: BlackRock's Fink Reuters In Spain’s Housing Bust, Sell-Off Brings Bargains NYT ECB Says Euro-Area Banking Supervision May Not Start Until 2014 BL A Third Weapon to Save the Euro NYT China Exports Exceed Estimates, Easing Concern Over Slump Risk BL China's yuan hits record high amid US pressure AFP Bentley, Lamborghini may delay SUVs Reuters
U.S. Stocks Fall Most in Week Since June on IMF, Profits BL
The Financial Tsunami Headed To Shore Has Been Building for 80 Years EW Wholesale Prices Jump 1.1% in September AP The Bad News Has Not Been Discounted Comstock Investors 'wait and flee': $10 billion yanked from stocks CNN That brings the total 2012 outflow from U.S. mutual funds to more than $100 billion. Global banks bet on green shoots, defy IMF gloom Pritchard G-7 Discusses Potential Fiscal Measures If Growth Falters BL After Turning Bullish, Market Bear (Rosenberg) Returns to Gloomy Views WSJ US Fiscal Cliff is 'Major Concern' for World: IMF's Zhu CNBC Geithner has phone friend at BlackRock FT Sign of influence BlackRock declined to comment on Mr Fink's conversations with Mr Geithner Japan May Intervene on Yen Without U.S. Support WSJ (via Google) “If we judge that the yen has become excessively strong, even if we have held prior talks, it's true that Japan may intervene on its own” U.S. dollar winning 'race to the bottom' amid rising tensions G&M Regulating shadow banking Xiao Gang “Unsurprisingly, although Chinese banks' non-performing loans are at a low level of 0.9 percent, the potential risks are worse than the official data suggest...” China slams US on human rights - Condemns US solar ruling Moral Hazard, Unintended Consequences & Dysfunctional Markets G. Long On Merkel’s Gamble Krasting Krugman - SL - Mish - Blodget
Profit Amputations Are “Just a Flesh Wound” Weil Big banks still a legal nightmare CNN Facebook 'immoral' for paying tax bill of £238,000 Telegraph Lenovo beats HP to top PC spot Shanghai Daily US Long Way From Housing Recovery: Home Depot CEO Reuters Al Gore has thrived as green-tech investor WP Gold flat, but on course for biggest weekly loss in 2-months Reuters The World’s First 3D-Printed Guitar BL How 3D Printers Are Reshaping Medicine CNBC
Top German Economists Say Greece Is Lost Spiegel Greece: Unemployed Will Overthrow Government Useless... IBT Another Extension for Greece Now Seems a Sure Bet CNBC Lagarde is the latest high-profile figure to say that Greece should be given two more years to reach its budget goals. Insight: Greek central banker's big pay-off Reuters The scale of the pay-off, previously unknown to most Greeks, is likely to prove controversial... Guardian: “Coca-Cola Hellenic, which makes up a fifth of the Athens stock market, said it was ditching Greece...” FAGE announces Greek exit as financial crisis deepens DReporter Economist: Samaras...must also push the measures through parliament before Greece can draw down a long-overdue €31.2 billion loan... ECB sees "severe distortions" in bond markets Reuters Moody's: Japan political impasse a concern for debt outlook Reuters Bank of China executive warns of shadow banking risks Reuters China’s Banks Said to Resist Cutting Lending Rates BL Shanghai keeps No.1 spot for FDI Shanghai Daily China plans dumping duties on Japan, U.S. Spandex MW Singapore proves pessimists wrong: technical recession averted SBR Softbank Founder Has 300-Year Plan in Pursuit of Sprint BL Japan and China Agree to Hold Talks on Rift After Noda Call BL
Will China's auto boycott backfire? CNN
Why Jobless Claims May Not Be as Good as Market Thinks CNBC Jobless Claims in U.S. Fall to Four-Year Low BL Trade Deficit in the U.S. Widened in August as Exports Dropped BL Beware the ‘central bank put’ bubble El-Erian Huntington was right. The global trading system is under pressure... Black Swan Welcome the U.S. relative decline Hadan Merk Gold Report: Six Reasons to Buy Gold Today Merk Memo To Investors: Bernanke And Obama Are Your Business Partners Forbes The case for a 40% drop in the markets MW Reformed Broker - Sober - Smith - Panzner
Wall Street’s Forgotten Victims Have Some Advice Lewis What CEOs know that you don't Mirhaydari JPMorgan CEO says he should have caught "London whale" trades Reuters Why Home Refinancing Boom Is Different This Time CNBC Huawei could trigger a major crisis Fortune Goldman Sachs Doesn’t Need More Deposit Funding, Cohn Says BL Twinkie maker Hostess files reorganization plan Reuters A Premature Eulogy for Public Companies? Wharton Cash-strapped farmers feed candy to cows CNN Food inflation to surge, Goldman warns via ZH US upholds high tariffs on solar panel imports China Daily
An overlooked currency war in Europe VOX Back to the Brink for the Eurozone? Project-Syndicate S&P Cuts Spain Credit Rating to Near Junk Reuters Spain keelhauled by Germany and AAA chicanery Pritchard Lagarde Says Greece Needs More Time to Meet Targets B 25.1% Why the IMF has got it so hopelessly wrong on the euro crisis Warner Greece's Biggest Company Quits Country Reuters Brazil Cuts Interest Rates for a Tenth Straight Time Reuters Chinese confidence in economy drops Shanghai Daily Shanghai IPOs remain subdued despite stimulus Finance Asia Dubai Losing Billions as Insecure Expats Send Money Abroad BL As Arctic Melts, Business As Usual YALE Global
45 Years of Oil Under Disputed Islands Split China, Japan BL China Auto Buyers Shun Japanese Cars in Islands Tiff BL
Dimon Says Bond Market Turn Virtually Assured on Budget Impasse BL Facebook Fought SEC to Keep Mobile Risks Hidden Before IPO BL Central banks, faced with paltry bond returns, buy more stocks Reuters There is also a degree of irony in their finding scant attractiveness in low-yielding fixed income, which they themselves helped engender with rock bottom interest rates... Beyond the Fiscal Cliff: the Dollar At Risk? Merk Bear market may have begun yesterday Hulbert Best Bond Firms Split on Year-End Storm BL U.S. Downgrade Seen as Upgrade as U.S. Debt Dissolved BL IMF Says European Banks May Sell $4.5 Trillion in Assets BL -- Global Financial Stability Report IMF -- WSJ: Safe-haven flows into the U.S. and Japan are pushing interest rates down and lulling investors and policy makers into complacency... CNN: Money managers surveyed are most worried about contagion from Spain... Deficit cuts: Whose belt will be tightened? Kellner Shades of the Yellow Peril Asia Sentinel US turns a suspicious eye to Chinese foreign direct investment U.S. panel to probe fresh complaints against Huawei, ZTE Reuters Caixin: Another Chinese company encountered a similar problem recently. Russell - Gold & China’s Plan To Take Over The World King Global yuan trade settlement continues to rise China Daily The Renminbi Challenge Eichengreen Will Printing Money Do It? via YALEGlobal The sound of rumbling from the student debt bubble MyBudget Smith Global Economic Recovery Hits the Ropes via Brookings Vital Signs Chart: Paychecks Losing Ground WSJ
Alcoa Cuts Global Aluminum Forecast on China Slowdown BL Government sues Wells Fargo for reckless lending practices WP Reserve Fund Lied About Losses on Lehman, SEC Lawyer Says BL US supreme court rejects Chevron appeal in Ecuador pollution case Guardian When fiscal policy is in chaos, companies cannot plan for the future Economist Jack Welch Leaves Reuters After Twitter-Post Backlash BL “Unbelievable jobs numbers..these Chicago guys will do anything..can’t debate so change numbers” Jack Welch: I Was Right About That Strange Jobs Report WSJ 20% of US Firms Cook Books During Earnings: Report CNBC Scratched IPhones Said to Cause Shortages as Controls Rise BL Milk-Cow Drought Culling Accelerates as Prices Jump: Commodities BL Gold investment could double on economic woes - Coutts AFP The Average Forecast for Gold: $1,900 by Q4 2013 via PragCap Patience Pays as Gold Prices Probably Set to Rise TheStreet Gold Seen Declining as a Stronger Dollar Curbs Demand BL Will Iraq’s energy boom postpone Peak Oil yet again? Pritchard Total warns over ‘inaccurate’ benchmarks FT “several times a year, estimates of market prices on key [energy] indices ... are out of line with our experience of the day”
Greek police fire tear gas as 40,000 vent a nation's anger during Merkel's visit Inde Should Merkel's Green Jacket Make Greeks See Red? CNBC Depositors Fleeing Euro Get Negative Rates at State Street BL That means money managers, insurance companies and pension funds must pay the bank to hold their cash. RBC Offers Negative Interest Rates on Danish Krone, Swiss Franc BL Crisis-stricken Spaniards turn to Red Cross for help Inde Debt Crisis Gives European Separatists a Boost Spiegel China IMF Group Led by No. 2 Officials Amid Tensions With Japan BL Shanghai's consumer confidence drops Shanghai Daily ”Titanic” Defaults Loom on Restructured India Bank Debt BL Record home prices raise bubble specter Standard Iran currency rates blacked out online as rial suffers AFP
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