Bondhead News Archive

May 15 – May 31

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05/16 Colorado gas wells rely on true grit Denver Post / Eric Hübler Housing market is just a bubble waiting to pop Houston Chronicle via Real Clear Politics / Dean Baker Deflation and Outsourcing: Somebody Finally Got It Right Lew Rockwell / Mark Thornton HUD hopes fiat can rein in Fannie Mae and Freddie Mac Dallas Morning News / Danielle DiMartino Sterling Earnings Reports may not Deflate Interest Rate Fears Pittsburgh Tribune Review / Gregory M. Drahuschak Why the Saudis May Not Rescue Oil Markets This Time NY Times / Simon Romero Greenspan's flush deficit hypocrisy Providence Journal / Robert Kuttner Investors have too much faith, say hedge funds FT / Elizabeth Rigby Clock ticks as EU launches final push for constitution AFP via EU Business Fear of Soaring Washington Post / Nell Henderson NY: Upstate New York economy lagging AP via Newsday PA: $2-a-gallon gas not yet altering life Philadelphia Inquirer / Akweli Parker and Linda Loyd Why we tend to take fuel prices personally Philadelphia Inquirer / Jeff Brown NY: From predator to prey, bank pendulum swings NY Post / Gregg Wirth Death Metal Obscene Prophets via Safehaven / Rodney C. Cook Election-Year Shuffle on the Minimum Wage NY Times O.K., Investors, Who's Afraid of a Rate Increase? NY Times / Jonathan Fuerbringer CA: Jobs, not rates, fuel housing Orange County Register / Jonathan Lansner UT: As rates rise, home buyers look at alternatives to fixed interest Salt Lake Tribune / Lesley Mitchell Mortgage rates head upward San Francisco Chronicle / Kathleen Pender China is hot - a bit too hot LA Times via Orlando Sentinel / Tyler Marshall and Mark Magnier Don’t blame Greenspan for market weakness NY Post / Desmond McRae Wal-Bank Orlando Sentinel / Richard Burnett As technology evolves, so will our jobs Boston Globe / Charles Stein Don't Let the Fed Catch You Flat-Footed Wall Street Journal via Denver Post / Greg Ip MN: 'Not a handshake world' Minneapolis Star Tribune / Joy Powell CA: Homeowners with heavy losses in the October firestorms file a variety of insurance grievances with the state San Diego Union Tribune / Dean Calbreath TIPS gaining new respect from nervous investors Baltimore Sun / Eileen Ambrose Boost in sales should have restaurateurs licking their chops Morning Call / Kurt Blumenau Bank of Japan Frets Over the Bond Market Bloomberg / David DeRosa U.S. Treasury Notes Set to Resume Declines, Survey Indicates Bloomberg / Al Yoon Hybrid securities pose more questions than answers St Louis Post Dispatch / David Nicklaus Broken promises in the Rust Belt Boston Globe / Stephen J. Glain Inflation's Specter Could Yet Sully Dollar Rebound Reuters / John Parry Dollar May Extend Three-Month Gain Against Euro on Rate Outlook Bloomberg / Joshua Krongold Regional Indexes Show Factories in Stride: U.S. Economy Preview Bloomberg / Vince Golle Popular ARM loans can misfire for some homebuyers Reuters / Aleksandrs Rozens Economists Try to Translate Fed Statements AP via Newsday / Jeanine Aversa In textile country, free trade tears at party loyalties Wall Street Journal via The State / Michael W. Phillips and Jeanne Cummings China's banks face crisis Guardian – Observer / Nick Mathiason Sure Things in Mexico: Death, Taxes and Evasion LA Times / Marla Dickerson The Gap opens up on cheap labor Denver Post / Al Lewis WA: A peek at spending Seattle Times / Stephen Dunphy At $2 a Gallon, Gas Is Still Worth Guzzling NY Times / Danny Hakim Oil Prices Said a Source of Instability AP via Baltimore Sun / Jamal Halaby Tight Oil Supply Won't Ease Soon NY Times / Neela Banerjee World braced for oil shock Guardian – Observer / Oliver Morgan Psst. Why Insider Trading Keeps Going NY Times / Landon Thomas, Jr. Sizing Up Bonds -- Before the Fed Acts LA Times / Tom Petruno Mortgages when you don't fit the mold LA Times / Kenneth R. Harney As Mortgage Rates Rise, Dreams Are Downsized NY Times / Jonathan Fuerbringer

05/17 EBay CEO: Collecting taxes 'too much to ask' Washington Business Journal / Kent Hoover Housing dreams, realities Dallas Morning News / Danielle DiMartino Dallas-Area Voters OK Bond Plans Bond Buyer / Richard Williamson CA: A Missed Opportunity Bond Buyer / Rich Saskal Persuading the Feds to Buy More Than Ideas Washington Post / Jeffrey H. Birnbaum MBA degree soars in popularity in Asia Knight Ridder via Miami Herald / John Boudreau The Corporate World's Trade Secrets Forbes / Julie Watson Denying Economic Reality Safehaven / Magnus Ekervik Correction or crisis? CNN / Michael Sivy Bond blues are building CBS Market Watch via Prudent Bear / Peter Brimelow House of credit cards Providence Journal via Philadelphia Inquirer and Real Clear Politics / Froma Harrop Japan: The yes and no of inflation revival -- how far downstream are you? Japan Times / Noriko Hama Freddie Mac, Fannie Mae Are Fast-Growing No Longer Washington Post / Jerry Knight The Correction Continues! Safehaven / Andre Gratian Six Apple execs cash in options Mercury News via Silicon Valley.com / Dan Lee Kmart Earns $93M in 1Q, but Sales Slip AP via Newsday / David Runk Bill Daley takes top J.P. Morgan post Chicago Tribune / Mark Skertic Some Analysts Salute Markets for Already Raising Rates NY Times / Edmund L. Andrews Janklow released from jail today Sioux Falls Argus Leader Jon Walker There's No Easy Answer on Oil LA Times / James F. Peltz Canada Dollar Falls on Prospect of Shrinking Rate Gap Bloomberg / Sangeetha Ramaswamy The Euro's Biggest Strength? - Its Weakness! The Euro vs Dollar Currency War Monitor via Safehaven / Alex Wallenwein India: Economic implications of electoral politics BBC News / Kaushik Basu Partnerships pay off for Fannie Mae Wall Street Journal via Baltimore Sun / John McKinnon Belgium Revels In Demand For Long Bonds With 30-Yr OLO Euro Week via Institutional Investor Court Rules in Favor of Consumer Debtors AP via Newsday / Gina Holland Yahoo, Google and Internet math Wall Street Journal via Baltimore Sun / Scott Thurm Fed: U.S. deficit nt risk to world economy UPI via Washington Times South Florida housing market still thrives despite interest rate threat South Florida Sun Sentinel / Robyn Friedman If Wal-Mart is worried, maybe we should be, too Financial Post / Peter Morton CA: Soaring material costs hit home Fresno Bee / Lisa Aleman-Padilla Sallie Mae prices floating rate note issue Reuters Fannie Mae average duration gap widens in April Reuters / Richard Leong Stocks Fall Globally on Higher Oil Prices and Bombings NY Times / Jonathon Fuerbringer Builder Confidence Holds Strong And Steady In May NAHB Housing Market Index Components NAHB Corporate Governance and Community Banks Federal Reserve Board / Susan Schmidt Bies Coming Fed Storm Yields Income Opportunities Bloomberg / John Wasik Offshoring of U.S. Jobs Said Accelerating AP via Philadelphia Inquirer / Rachel Konrad The Role of Central Banks in Fostering Efficiency and Stability in the Global Financial System Federal Reserve Board / Roger W. Ferguson, Jr. Second guessing the Fed CNN / Kathleen Hayes New York Fed's May Factory Index Falls to 30.2 Bloomberg / Will Edwards Thatcher Economics National Review / Bruce Bartlett U.S. Treasuries up on weak stocks, safety bid Reuters / Ellen Freilich Treasuries Rise as Investors Seek Havens After Iraq Bombing Bloomberg / Lianne Gutcher and Heather Bandur U.S. Praise Taylor-Made to Hide Japan Faults Bloomberg / William Pesek Jr. Mortgage terms getting riskier Chicago Tribune via Akron Beacon Journal / Michael Oneal and Susan Chandler Ignorant journalist claims minimum wages wipe out poverty Brookes News / Gerard Jackson Immigrants May Play Key Role As Boomers Retire Hartford Courant / Meg Richards Oil prices soar amid deepening crisis in Iraq FT / Neil Dennis Gold Prices Jump in London After Bomb Attacks in Turkey, Iraq Bloomberg / Laura Humble Europe Faces Recession Threat as Oil Prices Surge Bloomberg / Matthew Lynn From Bankrupt to Billions, With Big Investment of Time NY Times / Riva D. Atlas Strong set to clear way for sale Reuters via CNN An Industry That Dares Not Meet in the Country of Its Best Customers NY Times / Matt Richtel Khodorkovsky Wants Judge, Not Jury, as Trial Date Nears Reuters, AP and Bloomberg via Moscow Times Dollar Falls Against Yen, Euro in Asia After Bombing in Turkey Bloomberg / John Brinsley Deutsche Bank Boosts Asia Profit With Discount Government Debt Bloomberg / Rob Stewart Yen Weakens on Stock Declines, Calls for Koizumi's Resignation Bloomberg / John Brinsley Japan's March Current Account Surplus Narrows 13% Bloomberg / Mayumi Otsuma Is a DreamWorks IPO in the works? NY Times via IHT / Laura M. Holson and Sharon Waxman What the options are for lowering oil prices Christian Science Monitor / Ron Scherer Crude calculations Guardian Germans forced to consider longer hours to keep jobs AP via Omaha World Herald Japan's Economy Probably Grew at 3.8% Pace in the 1st Quarter Bloomberg / Lily Nonomiya

05/18 What Investment Patterns across Equipment and Industries Tell Us about the Recent Investment Boom and Bust FRB of NY / Jonathan McCarthy Hot Stats—Texas Exports Federal Reserve Bank of Dallas The situation with soaring gas prices is better than you think. And worse Daily Standard / Irwin Stelzer Rebel could still be right Dallas Morning News / Danielle DiMartino Institutions move away from risk – reports Investment and Pensions Europe Retailers ring up bright sales, but future looks cloudy USA Today / Lorrie Grant Wachovia Merges Leveraged Loan & Junk Bond Units Corporate Financing Week via  Institutional Investor / Dan Freed Illinois a One-Shot Away Bond Buyer / Yvette Shields Canadian 10-Year Bonds Decline on Outlook for Quicker Inflation Bloomberg / Sangeetha Ramaswamy CA: Rating agency downgrades San Francisco's debt AP via Sacramento Bee India: Investors stunned Gulf Daily News EU battles to keep constitution deal on track AFP via EU Business Venezuela 1st Qtr GDP Grew Record 29.8 Percent on Oil Rebound Bloomberg / Alex Kennedy Don't Fret About Gas, Worry About Energy Washington Post / Allan Sloan The Expansion Is Accelerating National Review / David Malpass Jobs flying faster from U.S. San Francisco Chronicle / John Shinal CA: Lending leeway Orange County Register / Hang Nguyen AZ: Used-home sales in Valley set April record Arizona Republic / Glen Creno ACA Names Roseman to Replace Satz Bond Buyer / Helen Chang Crude falls $1.01 to $40.54 a barrel Reuters via Houston Chronicle Dreams fuel IPO revival,not reality Denver Post / Al Lewis Be true to your school (of thought) CBS Market Watch / Paul Merriman Mergers lead to costly gasoline Bloomberg via Detroit Free Press / Jim Efstathiou Jr. Opec ready to stem surge in oil price FT / Carola Hoyos, Javier Blas and Kevin Morrison MD: Fill the tank? Not these days Baltimore Sun / Lorraine Mirabella and June Arney Dems blast Bush for high gas prices CNN / Wayne Drash US won't tap oil reserve to ease prices-Bush admin Reuters via Forbes / Tom Doggett and Chris Baltimore Republicans in Congress Reach Compromise on Fiscal 2005 Budget Bloomberg / Laura Litvan Renter beware AP via Washington Times / Eileen Alt Powell Greenspan: four more years CNN Jobs going overseas faster than thought Charlotte Observer / Stella M. Hopkins How Not To Cool Hot China Forbes / Robyn Meredith Treasury prices lower as stocks rally FT / Jennifer Hughe, Paivi Munter and Mariko Sanchanta Bush to Nominate Greenspan to Fifth Term at Fed Bloomberg / Craig Torres Comments on the Economy and Banking Federal Reserve Bank of Richmond / J. Alfred Broaddus, Jr. Broaddus comments, stock bounce hit US Treasuries Reuters / Pedro Nicolaci da Costa Asia’s stockmarkets fall out of favour The Economist Other reasons to worry The Economist Gold, Touted as Shelter, Gets Caught Up in Storms Bloomberg / Chet Currier Good Forecasting Means Knowing When to Fold 'Em Bloomberg / Caroline Baum Fund managers feel fear CNN Housing starts slip CNN Markets do `Fed's work' as global events slow economies Chicago Tribune / Bill Barnhart States turn to gambling to fix budget woes Stateline.org / Pamela M. Prah Deutsche Junk Bond Issue Blows Up NY Post / Jenny Anderson Jobs and benefits are a la carte now Dallas Morning News / Scott Burns   A Chinese bust is well on the way Taipei Times / Christopher Lingle UK: House price boom 'will continue' Guardian / Rupert Jones US braced for more jobs to go offshore Telegraph Skyrocketing oil prices have Tony Blair over a barrel Guardian via Taipei Times / Larry Elliott The Misery Index Forbes / Jack Anderson 1987 Warnings Revisited SBRB Management via Safehaven / Don Delavan Latin Migrants to U.S. Send Billions Home NY Times / Elizabeth Becker Asia Honeymoons in Scary Shadow of Global Risks Bloomberg / Andy Mukherjee Exports Help Japan Show Robust Rate of Growth NY Times / Todd Zaun Yen Gains; Japan's First-Quarter GDP Grew More Than Forecast Bloomberg / John Brinsley Euro Declines on Expectations German Investor Confidence Fell Bloomberg / John Brinsley Bank of America Was Biggest Buyer of Debt It Sold for Parmalat Bloomberg / Andrew Davis and James Pressley Japanese GDP Grew at Annual 5.6% Pace in 1st Qtr Bloomberg / Lily Nonomiya

05/19 Remarks Before the Exchequer Club FDIC / Donald Powell Statehouse lobbying hits $890 million Stateline.org / Pamela M. Prah KS: A sweet season Wichita Eagle / Phyllis Jacobs Griekspoor Making Sense Out of Monthly Housing Starts Freddie Mac / Frank E. Nothaft Interest Rates in One Lesson Lew Rockwell / Gary North Figuring out Alan Greenspan Dallas Morning News / Danielle DiMartino Why A Dose Of Inflation Is Good For You Time via Newsmax / Daniel Kadlec Guiding Principles To Promote Integrity of Fixed Income Research BMA Canada's place in the world is rapidly changing Toronto Star / David Crane U.S. House backs budget, Senate support uncertain Reuters / Anna Willard Solving the Immigration Problem Newsmax / Jon E. Dougherty IMF official: banking reorganization crucial to secure sustainable growth of China's economy People’s Daily U.S.'s Taylor Calls Collective Action Clauses `Market Standard' Bloomberg / Brendan Murray N.J. Surplus Won't Alter Bond Plans Bond Buyer / Jill D'Ambrosio Bond Pro Is Still Running Bond Buyer / Susanne Walker Brazil Uses Cash to Repay Debt as Bond Yields Surge Bloomberg / Jeb Blount Treasuries hit by profit-taking after short rally Reuters / Pedro Nicolaci da Costa US Corp Bonds-Spreads narrow as new issues come Reuters Rising mortgage rates dampen Fannie's forecast Washington Business Journal / Jeff Clabaugh Will We Run Out of Energy? Ludwig von Mises Institute / Mark Brandly Fed chief in right place, but at the wrong time Philadelphia Inquirer / Andrew Cassel Fears over banks' lending to hedge funds FT / Jennifer Hughes, Jenny Wiggins and Elizabeth Rigby CBOT to challenge Nymex on metals FT / Jeremy Grant Ex-Freddie CEO sues OFHEO over pay Dow Jones via CNN UK bond prices drop after "hawkish" minutes FT / Paivi Munte, Jennifer Hughes and Mariko Sanchanta Profiling the new 'irrational investor' CBS Market Watch / Paul B. Farrell We'd better get used to it as oil prices barrel upward Houston Chronicle / Loren Steffy WA: State's jobless rate climbs, along with job gains Seattle Times / Levi J. Long Paying for TV, one channel at a time Philadelphia Inquirer / Jeff Gelles Brazil Keeps Benchmark Lending Rate at 16 Percent Bloomberg / Charles Penty UK: Bank debated bigger UK rate rise BBC News Fed's Bies Speaks: Financial Companies' Risk Management audio Bloomberg India’s Backward Stance National Review / Bruce Bartlett Studies: Economy's lower rungs are rickety Morning Call / Ameet Sachdev Being There Pimco / Mohamed A. El-Erian Enron traders' bragging taped Sacramento Bee / Dale Kasler MI: Economy recovering, but deficit remains Detroit Free Press / Dawson Bell Corporate Governance: Where Do We Go From Here? Federal Reserve Board / Susan Schmidt Bies Treasury Notes Fall; Central Bankers Signal Inflation Concerns Bloomberg / Elizabeth Stanton UK bond prices drop after MPC minutes FT / Päivi Munter Bond Market Awakens from Slumber CFO.com / Stephen Taub Small Firms Defending Use of Consultants in Muniland Bloomberg / Joe Mysak Do deficits matter? CNN / Walter Updegrave U.S. Mortgage Applications Drop as Home Buying Slows Bloomberg / Joe Richter Oil won't derail economy – Santomero Reuters via CNN $3 a gallon gasoline predicted AP via Philadelphia Inquirer Rebound Isn't Adding Much To Workers' Pay Chicago Tribune / Ameet Sachdev From India to Korea, Politics Spooks Markets Bloomberg / William Pesek Jr. Japan's economy outpaces United States Guardian / Ashley Seager Chirac says US trade deficits a problem AAP via Sydney Morning Herald Speculation on stewardship of Fed enters a pause FT / Andrew Balls Japanese boom puts pressure on the dollar Reuters via IHT The Bubbles Mr. Greenspan has Created Tomorrows Gold via Safehaven / Marc Faber M3 Money Supply: Support of a Different Kind The Technical Take via Safehaven / Guy M. Lerner Yen Strengthens as Japanese Stocks Advance on Economic Outlook Bloomberg / John Brinsley

05/20 More oil won't help Globe And Mail / Mathew Ingram CA: Median price of housing in county hits $439,000 San Diego Union Tribune / Roger M. Showley Canada Bonds Gain After April Inflation Rate Is Below Forecast Bloomberg / Sangeetha Ramaswamy MSRB: Rule Changes Coming Bond Buyer / Lynn Hume Chicago Gets Committee OK For $1.5B Bond Buyer / Yvette Shields Greenspan: Free markets helped world rebound from 2001 terrorist attacks San Diego Union Tribune / Martin Crutsinger Brazil Real Reaches 13-Month Low on Central Bank Rate Decision Bloomberg / Romina Nicaretta U.S. Treasuries steady in Asia, retain gains Reuters Fed's Bernanke says neutral funds rate can vary Reuters Treasuries rise as US data disappoint FT / Jennifer Hughes, Paivi Munter and Mariko Sanchanta Calpers Scalps Hospitals Forbes / Dan Ackman Does Highway Spending Really Pay Off? NY Times / Virginia Powell FL: Hurricanes driving up price of home insurance AP via USA Today Procter shuffles top team Cincinnati Enquirer / Cliff Peale Free advice for multimillion-dollar windfall Philadelphia Inquirer / Karl Stark Greek budget mess earns EU rebuke BBC News Officials set for Russia-EU talks BBC News / Sarah Rainsford Canadian long-term mortgage rates rise again, by more than tenth points CP via Canada.com OPEC Helpless as Oil Boils Near Highs Reuters via NY Times Fed's Bernanke Says Rate Policy Not `Unconditional' Bloomberg / Craig Torres Gradualism Federal Reserve Board / Ben S. Bernanke Acceptance of the Eisenhower Medal Federal Reserve Board / Alan Greenspan Revived inflation the biggest concern for U.S. economy Seattle Times / Stephen Dunphy Rates Rise, Changing Face of Home Sales NY Times / Jennifer Bayot That boycott sure showed big oil who’s boss, huh? The Virginian-Pilot / Kerry Dougherty Crude falls 58 cents to $40.92 a barrel Reuters via Houston Chronicle Sky-high gas prices? Not really Boston Globe / Jeff Jacoby U.S.: Don't go changing G7 currency policy CBS Market Watch / Corbett B. Daly Argentine Creditors Say Government Broke Debt Pledge Bloomberg / Daniel Helft Pimco retains CalPERS seal of approval Orange County Register Factories slow, but jobs coming Reuters via CNN Dollar bets come home to roost IHT / Floyd Norris CA: Pitfalls of rising prices Orange County Register / James B. Kelleher Chen redux The Economist Current-account balance The Economist Food supply The Economist Still at its mercy The Economist Business Outlook Survey Federal Reserve Bank of Philadelphia Testimony before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate Federal Reserve Bank of New York / Thomas C. Baxter, Jr. U.S. May Philadelphia Fed Factory Index Falls to 23.8 Bloomberg / Carlos Torres MA: Higher rates may hurt home prices: Economist predicts a dip, not a collapse Boston Herald / Jay Fitzgerald Oil prices pressuring the Fed San Francisco Chronicle / Kathleen Pender 30-year mortgage rate eases CNN Workplace Financial Education Federal Reserve Board / Edward M. Gramlich U.S. 10-Year Treasury Rises as Weekly Jobless Claims Increase Bloomberg / Robert Burgess Gilts remain under pressure after BoE minutes FT / Päivi Munter OPEC chief: Output could be upped 15% Morning Call / Bruce Stanley Economists downplay US jobless claims rise FT / Christopher Swann Leading indicators show narrow growth CNN U.S. Initial Jobless Claims Rose 12,000 to 345,000 Bloomberg / Courtney Schlisserman Brazil's Central Bank Begins Taking the Heat Bloomberg / David DeRosa Unprofitable companies turn to IPOs USA Today via Prudent Bear / Matt Krantz Mr. Market’s Moods National Review / James Glassman Dollar rises as attention turns to Fed rate rises FT / Steve Johnson Bush slide worries the party The Hill / Alexander Bolton and Geoff Earle Circus Game Pimco / Bill Gross                                                                 How gas prices figure into 'big picture' politics Christian Science monitor / Linda Feldmann A Quiet Foreign Invasion of Korea's Giants NY Times / James Brooke The man who stayed too long Salon via Google News / James K. Galbraith BOJ Keeps Its Policy Unchanged as Deflation Lingers Bloomberg / Mayumi Otsuma Brown urges Opec to pump more oil Guardian / Ashley Seager UK: Inflation is a month ahead of the Bank Telegraph / Neil Collins Japan: Bankruptcies down for 16th month Japan Times Pinning Hopes for a Rally on a Slowing Economy NY Times / Jonathan Fuerbringer Job cuts are in the air at Qwest Omaha World Herald / Virgil Larson U.S. Treasuries May Fall; Inflation Concerns Curb Debt Demand Bloomberg / Shamim Adam Gasoline Prices Soar on U.S. Supply Concern, Boosting Crude Oil Bloomberg / Gavin Evans Russia: Jailed Tycoons Circle Wagons Moscow Times / Alex Fak

05/21 2004 Article IV Consultation with the United States of America Concluding Statement of the IMF Mission IMF CO: Two investment firms join forces in Denver Denver Post / Aldo Svaldi Mellon names director of global institutional sales Institutional Investor / Daniel Brooksbank Is it a bull or a bear? USA Today / Adam Shell Korea: GDP Grows 5.3% in 1st Quarter Korea Times / Kim Yon-se Russia boosts energy production UPI Personal bankruptcies climb, but rate of increase slows AP via Houston Chronicle Paying Off The Piper Daily Reckoning via Safehaven / John Myers CA: Gov. Schwarzenegger is stealing the show Stateline.org / Stephen Robitaille Deutsche Bank Fixed-Income Revenue to Fall 5%, CSFB Forecasts Bloomberg / Christine Harper European High-Yield Issuance Grinds To A Halt Bondweek / Marlies Morsink Going For Broker Institutional Investor / Loch Anderson FDIC Reports First Quarter 2004 Financial Results for Bank and Thrift Insurance Funds FDIC Google deals another blow to tradition FT / Richard Waters Greenwich Report: Hedge Fund Investors Should Be Ready For More Scrutiny Institutional Investor Fink Says `Culture' Problem Still Threatens Funds Bloomberg / Chet Currier In world of funds, it's 'buyer beware' Milwaukee Journal Sentinel / Jason Gertzen Inflation Accommodation Prudent Bear via Safehaven / Doug Noland Grilling could become costlier AP via Grand Forks Herald UK: Mortgage lending continues boom BBC News The economic mind of India's new PM UPI / Indrajit Basu Yen Rises to 2-Week High Against Dollar as Japanese Stocks Rise Bloomberg / Monee Fields-White Mexico Peso Has 10th Weekly Loss on Outlook for U.S Rate Boost Bloomberg / Jennifer Coogan Canada: Labour productivity plummetted in 2003 Ottawa Business Journal Subprime Mortgage Lending: Benefits, Costs, and Challenges Federal Reserve Board / Edward M. Gramlich NYSE, Reed And The Fat Man Play Chicken Forbes / Dan Ackman Washington Mutual soars on talk HSBC might buy it Reuters / Jonathan Stempel PIMCO's Gross sees deflation risk Reuters via CNN CA: Moody's boosts state credit rating Sacramento Business Journal Home buyers expected to set record for mortgages Bloomberg via Philadelphia Inquirer / Kathleen M. Howley CO: Gas prices may spawn new pirates Denver Post / Al Lewis Subprime lending a societal plus-Fed's Gramlich Reuters Russia: Officials Play Down EU Summit AP via Moscow Times / Steve Gutterman Dollar softens on dovish Fed talk FT / Steve Johnson Mortgage rush leaves some homeowners overexposed Chicago Tribune via Detroit Free Press FL: Cement shortage has builders hitting wall South Florida Sun Sentinel / Jack Snyder Saudi Arabia Boosts Proposed Increase in OPEC Bloomberg / Sean Evers Saudi offer of more oil could have little effect Houston Chronicle / David Ivanovich Yield spreads widen as uncertainty reigns FT / Jenny Wiggins US Corp Bonds-No news is good news for spreads Reuters / Dan Wilchins CA: Bay home prices rocket San Francisco Chronicle / Kelly Zito Fed rate hikes and you CNN / Jeanne Sahadi Fed Funds at 4%? Not Until Year-End 2005, Survey Says Bloomberg / Heather Bandur Fewer Investors Buying Muni Bonds, IRS Data Shows Bloomberg / Joe Mysak ‘Risk Management’ in Eye of Beholder Bloomberg / Caroline Baum CalPERS: Pimco 'not out of the woods' Orange County Register / James B. Kelleher Pundits in War of Words NY Post / Keith J. Kelly Rates Likely to Rise in Small Steps Washington Post / Nell Henderson Booming China Devouring Raw Materials Washington Post / Peter s. Goodman Japan: Ultraeasy monetary policy goes unchanged Japan Times / Yuji Utsunomiya Australia: Aussie dollar's rally short-lived AAP via Sydney Morning Herald Qwest officials won't comment on rumors of hundreds of layoffs Dow Jones via Minneapolis Star Tribune Fed's McTeer says US inflation a concern AAP via Sydney Morning Herald China Is Global Economy's 800-Pound Gorilla Bloomberg / William Pesek Jr. Yen Heads for First Weekly Gain in Seven on Improving Growth Bloomberg / John Brinsley

05/22 Economics and Ethical Behaviors Federal Reserve Board / Roger W. Ferguson, Jr. Commencement – School of Business – Virginia Commonwealth University Federal Reserve Bank of Richmond / J. Alfred Broaddus, Jr. WI: Dairy farms of all sizes in the money Wisconsin State Journal / Jason Stein Global report on job jitters AP via NY Daily News Foreign or domestic coal? It all depends on cost Houston Chronicle / Laura Goldberg UK: Unemployment time bomb is ticking inside list of benefit claimants Guardian / Peter Hetherington UK: House buying spree likely to bring new interest rate rise Guardian / Ashley Seager and Larry Elliott NE: Threat of rate increases giving house hunters a push Omaha World Herald / Jonathan Wegner China: So many consumers, so little profit IHT / Holly Hubbard Preston Canada: China feasts on Canada's resources Globe and Mail / John Heinzl South Korean Won, Singapore Dollar Round Out Best Week in Seven Bloomberg / Christina Soon OPEC: Wait until June CNN Is it a comeback or a step back? Minneapolis Star Tribune H.J. Cummins Trust, more than money, is the issue, Spitzer says Milwaukee Journal Sentinel / Kathleen Gallagher and Paul Gores The Sleaziest Journalism on Earth Thoughts from The Frontline via Safehaven / John Mauldin The moribund markets are all about the 'multiple' Globe and Mail / Mathew Ingram IN: Local home sales rose 7.2% in April Indianapolis Star / Norm Heikens Bush Says Job Gains in 45 States Show Economic Boost Bloomberg / Roger Runningen Bursting deflation bubble Dallas Morning News / Scott Burns Korea: Personal Bankruptcies Soaring Korea Times / Kim Jae-kyoung U.S. 10-Year Note Rises for Week on Fed Comments, Iraq Bombings Bloomberg / Elizabeth Stanton CA: Bond Rater Gives State a Little Credit LA Times / Jeffrey L. Rabin Japanese Bonds Have Weekly Gain; Index Tempers Growth Outlook Bloomberg / Keiko Ujikane and Beth Thomas European Two-Year Notes Rise for Second Week on Oil Concern Bloomberg / John Beresford-Peirse More and more, U.S. needs imported gas AP via Morning Call / Brad Foss Australia: Female economists have home truths for Howard Sydney Morning Herald / Ross Gittins Fed may start raising rates in June toward 4% AP via Charlotte Observer Fixed, variable or hybrid mortgage? Seattle Post Intelligencer / Kathleen Pender Russia strikes deal on WTO Telegraph / Daniel McLaughlin Warning, warning: Higher leverage Bloomberg via IHT

05/23 For some, minimum wage brings maximum misery Albany Times via Houston Chronicle / Alan Wechsler Oil prices hit harder for some Dallas Morning News / Jim Landers Investor living in prison of regret Pittsburgh Tribune Review / Jack Markowitz China Aids Growth of World Economy Pittsburgh Tribune Review / Gregory Drahuschak Inflation seen as picking up this year Seattle Post Intelligencer / Jeannine Aversa Oil: We have the ability to cut imports & lower prices Pittsburgh Tribune Review and Oil.com / H. Sterling Burnett The economic sheriff who stood up to inflation Boston Globe / Charles Stein Analysts often clueless about firms they cover Washington Post via Boston Globe / Anitha Reddy China faces its own trade deficit UPI via MENAFN.com Junk bond bubble starts to deflate FT / Jenny Wiggins I can see clearly now... CNN / Mark Gongloff AK: Mining is bullish as metals prices soar, regulatory hurdles disappear Anchorage Daily News / Paula Dobbyn Economists expect slight rise in rates USA Today / Barbara Hagenbaugh and Barbara Hansen Inflation Is Next Fight at the Bank of Japan? Bloomberg / David DeRosa IMF man is new German president BBC News Spectre of higher rates spooks junk stocks FT / Stephen Schurr Snow: 'Vital' to Boost Oil Production Reuters via ABC News / Glenn Somerville Bond Trust Liquidation May Cost Investors AP via Virginia Pilot / Eileen Simon U.S. Treasury's Snow News Conf.: G-7, Energy and Oil Prices audio Bloomberg To Foes, CalPERS Needs to Check Itself LA Times / Tom Petruno What the Boom Will Do in 2010 Washington Post / James K. Glassman With mutual funds, small is beautiful Boston Herald / Alan Lavine Alan’s View on Inflation Perils Bush NY Post / Terry Keenan As recovery steams along, workers play the caboose Chicago Tribune via Indianapolis Star / Ameet Sachdev Largest transfer of wealth Miami Herald / Harriet Johnson Brackey Fed shifting its focus from job growth to rising prices Wall Street Journal via Orange County Register / Greg Ip Bear market funds aren't for most investors AP via Wichita Eagle / Meg Richards Time recovers from AOL wreck The Australian / Rodney Dalton When Times are Good Forecasting is Easy NY Post / Bruce Meyerson WA: Finally a 'dream' Forecast Seattle Times / Stephen Dunphy OR: Want milk? It will cost you Salem Statesman Journal / Michael Rose First-Quarter Growth Seen at a 4.5% Rate: U.S. Economy Preview Bloomberg / Vince Golle Silly indexes add up to serious data Denver Post / Al Lewis Bond analysts' conflicts next to be addressed Chicago Tribune / Bill Barnhart Homes elude working families Baltimore Sun U.K. Lenders Say Interest Rates Must Double, Telegraph Reports Bloomberg / Mathew Carr Survival Guide to Emerging Markets Wall Street Journal via Denver Post / Craig Karmin Don't let your job ooze away in all that oil, Mr. President Baltimore Sun / Jay Hancock NY: As more people shop on credit, stores rack up profits on high interest and fees Newsday / Lauren Weber Not changing our driving habits – yet Newsday / Charles V. Zehren UPS is scurrying to stay out ahead Baltimore Sun / Meredith Cohn Commodities Are Hot --  Here's a Way to Play Them Wall Street Journal via Denver Post / Eleanor Laise G-7 Ministers Will Ask Oil Producers to Raise Output Bloomberg / Simon Kennedy and Brendan Murray Dispelling Six Mutual-Fund Myths Wall Street Journal via Denver Post / Jonathan Clements Brown begins assault on EU farm subsidies Guardian – Observer / Nick Mathiason Insiders Are Selling Like It's 1999 NY Times / Eric Dash and David Leonhardt The Oil Question: To Fret or Not to Fret NY Times / Edmund L. Andrews There, in Grasso's Corner, Is That Oliver North? NY Times / Landon Thomas, Jr. Calm Down. That Wolf at the Door Has Been Here Before. NY Times / Ben Stein At Least the Contrarians Are Smiling NY Times / Ben Stein The Pleasures and Pitfalls of Second Homes NY Times / Susan B. Garland

05/24 UK: Mortgage lenders warn of looming housing crash... Telegraph / Teresa Hunter Sticker Shock Daily Standard / Irwin M. Stelzer Big Changes in Illinois? Bond Buyer / Yvette Shields N.Y.C. Plans MAC Deal In Early June Bond Buyer / Michael McDonald Big economic cycle is started with the loss of just one job St. Louis Post dispatch / Dale Dauten IMF says US leads global growth but warns of risks Reuters Market does the work, Fed takes the credit Financial Post via Canada.com The Fed's cozy links with Bush Barron’s via National Post and Canada.com / Alan Abelson The Bear's Lair: Empty mansions UPI / Martin Hutchinson U.S. Treasury Outlook - Home sales, consumer mood Reuters Bond yields rise as markets focus on crude FT / Paivi Munter, Jennifer Hughes and Barney Jopson NY: Big boost for small banks NY Daily News / Daniel Dunaief G7 finance ministers hail pension reforms Investment and Pensions Europe / Daniel Brooksbank The permanent failures of Russian capitalism Guardian via Taipei Times / Will Hutton CA: Report: Default threat haunts California home sales Sacramento Business Journal What’s to blame for high gas prices? Look in your driveway Chicago Tribune via South Florida Sun Sentinel Oil Price Settles at New High of $41.72 Chicago Tribune / Brad Foss Lehman Brothers Names Gregory President AP via Newsday Boeing's Portfolio Sold to General Electric for $2 Billion AP via NY Times Look out, Vermont! Historic group worried by Wal-Marts AP via USA Today Canada's Dollar Will Fall Because of Political Risk, RBC Says Bloomberg / Joshua Krongold Brazilian Currency May Hold Near Low as Yields Climb Bloomberg / Charles Penty and Rita Nazareth Spitzer Shooting At Lame Ducks Forbes / Ari Weinberg Toysrus.com Sues Amazon.com Over Toy Sales AP via Philadelphia Inquirer Saudis: $30 Is Fair Price for Oil Barrel AP via Baltimore Sun / Bruce Stanley Spitzer Sues Grasso to Recover Part of Pay Package Bloomberg / Philip Boroff Pennsylvanian coming home to run fund Philadelphia Inquirer / Joseph N. DiStefano Lt. Gov. Kerry on the job: Taxes rose under Dem presidential candidate, but so did economy Boston Herald / Jay Fitzgerald Inflation expected to jump 2.5% Baltimore Sun / Jeannine Aversa Mexico Loses Share of U.S. Market to Chinese Goods Bloomberg / Thomas Black UK: Mortgage lenders warn of looming housing crash Telegraph / Teresa Hunter