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March 16 – March 31

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03/16 The Fed has its own March Madness CNN / Paul R. La Monica CA: Up to 300 lose their jobs at area mortgage company Sacramento Bee / Darrell Smith and Dale Kasler Dollar weakness $ FT / Lex Only transparent mortgage brokers need apply Chicago Sun Times / Sally Duros Loans sinking borrowers, lenders Milwaukee Journal Sentinel / Michele Derus Loans from Hell Daily Reckoning via Safehaven / Bill Bonner Republicans' Lobbying Grip Crumbles After Congressional Shakeup Bloomberg / Jonathan D. Salant A $10 billion surprise Chicago Tribune / Greg Burns FOMC to throw markets a life preserver? Marketwatch / Greg Robb Treasuries Post Weekly Gain on Stock Declines, Subprime Concern Bloomberg / Deborah Finestone Pimco Says Subprime Woes May Spread to Alt-A, Jumbo Bloomberg / Mark Pittman MBIA, Ambac Credit-Default Swaps Surge on Subprime Concerns Bloomberg / Neil Unmack and Hamish Risk SEC Allows Auction-Rate Manipulators With Disclosure Bloomberg / Darrell Preston China reassures markets on dollar FT / Richard McGregor Spectre of income inequality haunts investment bankers $ FT / John Authers Greenspan says jump, Wall Street's peeved Reuters via CNN Oil prices settle above $57 a barrel AP via Houston Chronicle / J.W. Elphinstone U.S. stocks fall after inflation data, before Fed Marketwatch / Nick Godt Stocks Slump As Hopes for Rate Cut Fall AP via Newsday / Tim Paradis Experts say $3 gasoline unlikely this summer AP via Houston Chronicle / Alan Zibel Subprime fallout, Ameriquest cuts 3,000 jobs AP via MSNBC Statement of FDIC Chairman Sheila C. Bair on the Decision of Wal-Mart to Withdraw Bank Application FDIC The Great Unraveling Morgan Stanley / Stephen Roach Someone's Buying Subprime Forbes / Andrew Farrell Mortgage lenders get a lifeline, troubles linger Reuters / Pedro Nicolaci da Costa 30-year mortgage rates unchanged at 6.14 percent AP via Baltimore Sun Business Conditions: Both Payback and Genuine Weakness? Morgan Stanley / Shital Patel U.S. Stocks Fall After Consumer Prices Rise More Than Forecast Bloomberg / Nick Baker Friday’s Stocktiming.com Analysis Stocktiming.com / Marty Chenard Qwest's Nacchio May Win at Trial After Riling Workers Bloomberg / David Voreacos The reinvention of Nelson Peltz Fortune via CNN / Shawn tulley March Madness Morgan Stanley / Stephen Jen JPMorgan Recommends Investors Reduce CLO Holdings Bloomberg / Cecile Gutscher and Neil Unmack Treasuries Poised for Weekly Gain on Decline in Stock Indexes Bloomberg / Deborah Finestone and Elizabeth Stanton Fannie Mae, Freddie Mac bill sale calendar Reuters UK: Budget Preview Morgan Stanley / David Miles Treasuries Fall as Consumer Prices Increase More Than Forecast Bloomberg / Deborah Finestone and Elizabeth Stanton An Asset Class Gets Ready for Its Moment on `Oprah' Bloomberg / Joe Mysak US consumer sentiment dips in March-Reuters/U.Mich Reuters CPI rises 0.4% as food, energy prices climb Marketwatch / Rex Nutting Industrial output rose 1.0 pct in February Reuters Consumer Price Index Up 0.4 Pct. in Feb. AP via Forbes / Martin Crutsinger Industrial Production and Capacity Utilization Federal Reserve Board Federal Reserve Events Reuters Greenspan's Subprime Comment Fizzles as Lenders Climb Bloomberg / Michael Patterson CA: A town right on the default line LA Times / David Streitfeld TX: D-FW foreclosure postings up 18% Dallas Morning News / Brendan M. Case Mortgage rates remain at low levels AP via Cincinnati Enquirer / Martin Crutsinger Americans face `mortgage tsunami,' say activist groups AP via South Florida Sun Sentinel / Alan Zibel Greenspan: Loans won't sink economy AP via Cincinnati Enquirer / Brian Skoloff Former Fed chief warns of fallout Washington Times / Patrice Hill Outside the sub-prime loan box LA Times / Rick Wartzman Gold -- a victim of its own success Marketwatch / Myra P. Saefong Gold gains, lifted by weaker dollar Marketwatch / Polya Lesova Dollar Falls to Three-Month Low on Concern U.S. Growth Slowing Bloomberg / Bo Nielsen and Ye Xie Since When Don't Investors Have the Right to Know? Bloomberg / David Pauly Credit Turbulence Puts Hedge Funds on the Spot Bloomberg / Chet Currier Moody's, Stupid or Greedy, Flip-Flops on Banks Bloomberg / Mark Gilbert Clinton: Industry 'clearly broken' LA Times via South Florida Sun Sentinel / Jonathan :Peterson GFOA Wants to Put GASB Out of Business Bond Buyer / Lynn Hume Dollar Slides to 3-Month Low on Ebbing U.S. Consumer Confidence Bloomberg / Ron Harui and Chris Young Japan's Services Demand Rises; Spending May Pick Up Bloomberg / Toru Fujioka China's Fixed-Asset Investment Growth Slows on Curbs Bloomberg / Nipa Piboontanasawat

03/17 Feeling the Pinch of Higher Prices Washington Post / Nell Henderson WA: Walls closing in on homeowners Seattle Post Intelligencer / Aubrey Cohen Maybe a House Is Now Out of Reach, but There’s Always Furniture NY Times / Floyd Norris Subprime crisis brings out the bears AP via South Florida Sun Sentinel / Joe Bel Bruno Treasuries Rise This Week on Stock Losses, Mortgage Concern Bloomberg / Deborah Finestone The Big Unknown Lew Rockwell / Paul Hein A Full-Court Press on Bad Loans, But Who Will Referee? Washington Post / Jack Guttentag Making Sense Of The Subprime Slide Forbes / David A. Andelman 2 sub-prime lenders get helping hands LA Times / Tom Petruno MI: Metro home building permits fall 46% Detroit News / Ivory Perkins The Fingers of Housing Instability Thoughts From The Frontline via Safehaven / John Mauldin U.S. Stocks Retreat This Week, Pulled Down by Lending Concerns Bloomberg / Eric Martin and Michael Patterson European Bonds Record Weekly Advance as Investors Avoid Risk Bloomberg / Aaron Pan China Says Investment Strategy Won't Hurt the U.S. Ariana Eunjung Cha China Raises Rates to Slow Inflation and Investment Bloomberg / Nipa Piboontanasawat and Janet Ong Mexico needs to overhaul tax collection LA Times / Marla Dickerson Rising Trouble With Mortgages Clouds Dream of Owning Home NY Times / Eduardo Porter and Vikas Bajaj Stocks seen posting modest rises next week Marketwatch / Carla Mozee

03/18 The march of the chipper penguins Marketwatch / Herb Greenberg U.S. food imports outrun FDA resources USA Today / Julie Schmit Fed May Lower Rates Three Times on Housing Woes, Options Show Bloomberg / Daniel Kruger 'Fighting Inflation': A Defining Moment for the Fed Seeking Alpha / Herb Morgan Bond fund's manager sees rate increase Bloomberg via Philadelphia Inquirer Parris / Kellermann The Junk Loan Fallout is Just Beginning NY Post / Terry Keenan Getting a handle on CDOs is a complex challenge LA Times / Tom Petruno Test for bonds tied to loans LA Times / Tom Petruno Inflation eroding incomes Allentown Morning Call / Sam Kennedy Housing angst and Fed on stocks' agenda Reuters On other side of the coin, millions have joined ranks of homeowners Philadelphia Inquirer / Jeff Brown The Subprime Mortgage Scare Philadelphia Inquirer / Andrew Cassel A Silver Lining NY Post / Richard Wilner Loans under siege: Lending practices draw fire Sacramento Bee / Jim Wasserman CA: L.A. housing market holds its ground LA Times / Diane Wedner Seller financing can jump-start a home sale LA Times / Tom Kelly Why subprime mortgage crisis may have impact on stocks, lending and spending San Francisco Chronicle / Carolyn Said All eyes on the Fed CNN / Alexandra Twin The risky side of Sears Washington Post via Seattle Times / David Cho Penny stocks are the lottery of securities Gannett News via Cincinnati enquirer / Russ wiles Barclays declines comment on reports it plans 80 bln stg merger with ABN AFX via Forbes Barclays 'eyeing tie-up with ABN' BBC News Barclays makes approach to ABN Amro $ FT / Peter Thal Larsen Michigan facing exodus of jobless AP via Houston Chronicle / Tim Martin Venezuelan currency gets new name, number NY Times via Houston Chronicle / Simon Romero Will the Fed Take Away the Chill? NY Times / Conrad De Aenlle Dark side of low rates on interest rears head Pittsburgh Post Gazette / Len Boselovic Mortgage Woes Cloud The Stock Outlook Wall street Journal / Gregory Zuckerman Put-call ratio, Arms Index, volume hint at market's direction Pittsburgh Tribune Review / Gregory M. Drahuschak New-style corporate reports are fact-packed Chicago Tribune via Orlando Sentinel / Andrew Leckey With mutual funds, you get what you don't pay for Marketwatch / Chuck Jaffe Buying Into the Company, Not the Commodity NY Times / Barry Rehfeld This Week Wall Street Journal A Texas-Size Hunger for Gulf Coast Condos NY Times / Kristina Shevory UK: Still prudent - after all these years Guardian – Observer / Heather Stewart

03/19 Recession Watch Perhaps, But Not Yet Warning Northern Trust via Safehaven / Paul Kasriel The Bull Gets The Benefit Of The Doubt Forbes / Bernie Schaeffer Treasury Secretary Lauds Biofuel Push Washington Post / Julie Watson Yet Another Whiff of Stagflation? Morgan Stanley / Richard Berner ABN, Barclays in exclusive $160 billion merger talks Washington Post / Steve Slater and Reed Stevenson Money markets catch cash flow NY Daily News / Joseph Lisanti China: Unstable, Unbalanced, Uncoordinated, and Unsustainable Morgan Stanley / Stephen Roach Germany: Going Global Morgan Stanley / Elga Bartsch AXJ’s Excess Liquidity Problem – At a New Level Morgan Stanley / Chetan Ahya 'Liar loans': Mortgage woes beyond Subprime CNN / Chris Isidore Time for a mortgage bailout? Money via CNN / Pat Regnier Who's to Blame for the Housing Mess? Mish’s Global Economic Trend Analysis via Safehaven / Mike Shedlock World Bank economist says U.S. not headed for recession Reuters Fed Has To Balance Slower U.S. Growth And Toasty Inflation Investors Business Daily / Scott Stoddard Irrational day-traders: winners or addicts? Marketwatch / Paul B. Farrell S&P 500 Advances 1.1% Investors Business Daily / Donald H. Gold Money flows into funds at record levels in February Marketwatch / Murray Coleman Oil prices fall reflecting concerns over global economies AP via Houston Chronicle / George Jahn Will a Housing Bust Cause a Recession? Brookes News via Safehaven / Gerard Jackson Don't Blame the Market for Housing Bubble Texas Straight Talk via Safehaven / Ron Paul Dow gains 100 points as global markets rally, mergers lift sentiment Marketwatch / Nick Godt Stock rally accelerates CNN Monday’s Stocktiming.com Analysis Stocktiming.com / Marty Chenard Two-Year Notes Drop a Fourth Day on Fed Concerns, Stock Rally Bloomberg / Daniel Kruger and Deborah Finestone Company Bond Risk Premiums Surge on Subprime Fallout Bloomberg / Caroline Salas SIFMA Supports MSRB’s Proposed New Electronic System Bond Market Association Bluff and Bluster? CFO.com / Eila Rana Tense read on mortgages a page-turner Palm Beach Post / Linda Rawls Most computer attacks originate in U.S. AP via Aberdeen News / Jordan Robertson Federal Reserve Events Reuters Fed Doesn't Have Reason to Change Interest Rates Bloomberg / John M. Berry Mortgage reset may boost foreclosures Reuters / Ilaina Jonas The Truth Behind Subprime Forbes / Paul Maidment How Tocqueville Got There First on U.S. Money Mania Bloomberg / Joe Mysak ABN Amro Shares Surge on Speculation About Takeover Bloomberg / Martijn van der Starre and Ben Livesey UBS's Moelis Resigns, Leaving Firm Vulnerable in M&A Bloomberg / Christine Harper and Justin Baer Traders Put Cash Over Chicago Loyalty With New Bid for Exchange Bloomberg / Darrell Hassler and Bruce Blythe Dollar rises ahead of Fed meeting Marketwatch / Wanfeng Zhou Oil Prices Fall Below $57 a Barrel AP via Chicago Tribune / George Jahn Job market cushioning housing's free fall AP via Cincinnati Enquirer / Rachel Beck Inflation is eating US wage gains Christian Science Monitor / Mark Trumbull MA: A subprime sales season: Home loan woes could yield price cuts in Bay State Boston Herald / Jerry Kronenberg Radio Deal Could Face Technical Difficulties Washington Post / Charles Babington Chartist editor says bull market's still alive and well Marketwatch / Peter Brimelow U.S. Treasuries Pare Gains as Asian Stocks Trade Higher Bloomberg / Kevin Lim Investors Await Housing, Inflation News AP via Washington Post / Madlen Read Barclays plans £80bn merger with Dutch bank Guardian / Jill Treanor Is `No-new-taxes' mantra fading in states? Stateline.org / Pamela M. Prah Congress eyes lost billions sent to Iraq Christian Science Monitor / Peter Grier In praise of Adam Smith, Mozart of money Independent / Stephen King Democratic principles making businesses more transparent Christian Science Monitor / Marilyn Gardner Taiwan: Central bank may increase rates Taipei Times / Amber Chung China Cools Investment, Fails to Tame Trade Surplus Bloomberg / Nipa Piboontanasawat WTO membership opening doors to Vietnam CAN via Taipei Times Europe's `Ever Closer Union' Drifts Apart on Anniversary's Eve Bloomberg / James G. Neuger Yen Declines as Bank of Japan May Signal No Rush to Raise Rates Bloomberg / Kosuke Goto and Chris Young Taiwan Dollar May Extend Declines on Carry Trades, Central Bank Bloomberg / Jake Lee and James Peng

03/20 The Ultimate Subprime Borrower: Uncle Sam Lew Rockwell / Gary North The Inverted Yield Curve - Is It Really Different This Time? Northern Trust via Safehaven / Paul Kasriel FL: Condo hotels: A room boom Orlando Sentinel / Christopher Boyd U.S. Stocks Rise, Led by Technology Shares on Analyst Upgrades Bloomberg / Eric Martin Tuesday’s Stocktiming.com Analysis Stocktiming.com / Marty Chenard Never Confuse Imaginary Puts With the Real Thing Bloomberg / Chet Currier Margin Debt Hits A Record Bloomberg via NY Post Cramer Reveals a Bit too Much NY Post / Roddy Boyd Fed rate policy $ FT / John Authers The Fed and market crashes $ FT / Lex Citi con Gets 15 Months NY Post / Paul Tharp Bought with easy credit, homes lost in foreclosure Chicago Tribune via South Florida Sun Sentinel / Tim Jones Gold futures top $660, trade near 3-week high Marketwatch / Myra P. Saefong & Polya Lesova UK inflation rate rises to 2.8% BBC News Stocks struggle in early trading CNN / Alexandra Twin Here's one thing not to worry about Marketwatch / Mark Hulbert Is The Party Ending For Wireless? Forbes / Clayton M. Christensen, Scott D. Anthony and Alex Slawsby Banks Pick Up Where Fed Left Off, Restricting Access to Credit Bloomberg / Scott Lanman U.K. May Sell Near Record Amount of Bonds for Budget Bloomberg / Anchalee Worrachate Treasurys higher as Fed meeting gets underway Marketwatch / Leslie Wines Treasuries Gain After U.S. Building Permits Decline in February Bloomberg / Deborah Finestone and Annie Pinkert Dollar falls after reports China to sell some reserves AFX via Forbes Insurance-rate rise a recipe for disaster Washington Times / Tom Ramstack Home Construction Rebounds in February AP via Baltimore Sun / Martin Crutsinger Housing starts rebound but permits fall CNN / Chris Isidore ''We're Looking at Subprime'': SEC CFO.com / Stephen Taub Mortgage CEO defends New Century Orange County Register / Jeff Collins CA: More layoffs in sub-prime loan sector LA Times / E. Scott Reckard Illinois May Face $1.6B Gap in 2011 Bond Buyer / Yvette Shields U.S. Treasuries May Decline as Asian Stock Markets Extend Rally Bloomberg / Kevin Lim Nowadays, Angola Is Oil’s Topic A NY Times / Jad Mouawad I.R.S. Agents Feel Pressed to End Cases NY Times / David Cay Johnston Options Show Euro May Advance After Reaching Three-Month High Bloomberg / Liz Capo McCormick Australian Dollar Reaches Strongest Since 1996 on Yield Demand Bloomberg / Chris Young BOJ Keeps Rate at 0.5% as Consumer Prices May Decline Bloomberg / Mayumi Otsuma Japan: Wood, Reading, Prophets of Lost Decade, See Rate Rise Bloomberg / Patrick Rial Yen Is Little Changed Before Bank of Japan Ends Rate Meeting Bloomberg / Chris Young

03/21 US markets see Fed hint of lower rate FT / Krishna Guha The Fed and inflation $ FT / Lex The Short View: FOMC statement $ FT / John Authers Turn to Bernanke's February Testimony for Clues CMC Markets via Safehaven / Ashraf Laidi Fed holds rates steady, but what next? USA Today / Sue Kirchhoff Why the Fed didn't raise interest rates Business Week via MSNBC / Peter Coy Bubble Economics: A Sub-Prime Example National Review / Tom Nugent Subprime troubles won't sink the economy St. Louis Post Dispatch / David Nicklaus Gaps in Logic National Review / Jim McCrery Selected Interest Rates pdf Federal Reserve Bank of Dallas The Texas Economy Continues to Cool Federal Reserve Bank of Dallas Fed holds rates steady again CNN / Paul R. La Monica Showdown On The Fed Forbes / Paul Maidment Fed Keeps Rate at 5.25%, Drops Reference to `Firming' Bloomberg / Craig Torres How others see you The Economist Investment Banks Are Surging Forbes / Liz Moyer Dow sees best day of '07 post-Fed CNN / Alexandra Twin Shake-Up At Motorola Forbes / Brian Caulfield Treasuries Gain as Fed Drops Bias Toward Raising Interest Rates Bloomberg / Deborah Finestone FOMC Statement Federal Reserve Board Fed keeps interest rates at 5.25 percent AP via Seattle Post Intelligencer / Martin Crutsinger Remarks by Sheila C. Bair, Chairman, Federal Deposit Insurance Corporation at the Exchequer Club FDIC Stocks Move Little As Fed Decision Nears Investors Business Daily Wednesday’s Stocktiming.com Analysis Stocktiming.com / Marty Chenard Sentiment trends are encouraging Marketwatch / Mark Hulbert Home equity could buoy economy LA Times / Molly Hennessy-Fiske Treasury Bond Prices Lower at Midmorning AP via Philadelphia Inquirer Morgan Stanley 1Q Profit Up 69 Percent AP via Forbes / Joe Bel Bruno Fed resumes policy meeting, rates seen unchanged Reuters Fed expected to signal economic stability AP via Baltimore Sun Fed Expected to Keep Rates Unchanged AP via Baltimore Sun / Martin Crutsinger Oil prices rise amid expected drop in U.S. inventories AP via Houston Chronicle Fed May Temper Its Optimism After Mortgage Meltdown Bloomberg / Steve Matthews Dysfunctional Muniland Waits for Regulatory Eruption Bloomberg / Joe Mysak Once Again, Debt Is Miscast as the Villain NY Times / David Leonhardt Homeowners, Lenders Skirt Default, May Curb U.S. Housing Slump Bloomberg / Kathleen M. Howley CA: Vacancy rate highest since '95 San Diego Union Tribune / Roger Showley Despite low rates, mortgage demand falls Reuters via CNN Mortgage Applications Decrease In Latest MBA Survey Mortgage Bankers Association U.S. housing market sending mixed signals Chicago Tribune / William Sluis Morgan Stanley Net Rises to Record on Trading Gains Bloomberg / Christine Harper Investors Turn More Bearish on U.S. Stocks, Merrill Survey Says Bloomberg / Sarah Jones Government Is `Here to Help' Subprime Borrowers Bloomberg / Caroline Baum ‘Dirty’ Traders On Trial NY Post / Stefanie Cohen FedEx 3Q profit falls 2 percent to $420M AP via Houston Chronicle Nacchio retains his firm grip on charm Denver Post / Al Lewis Cramer’s Big Mouth NY Post / Roddy Boyd UK: Bank voted 8-1 to freeze UK rates BBC News Oil Prices Hover Near $60 a Barrel AP via Chicago Tribune

03/22

Asset-Pricing Puzzles, Credit Risk, and Credit Derivatives Federal Reserve Board / Donald L. Kohn

TX: Building materials get costly San Antonio Express Courier / Rachel Stone

Recession Imminent? Both the LEI and the KRWI are Flashing Warning Northern Trust via Safehaven / Paul Kasriel

What to do about a lender's faulty appraisal Marketwatch / Lew Sichelman

FL: Nervous condo buyers want out Miami Herald / Matthew Haggman

What's it all about, alpha? The Economist

The politics of pay The Economist

Stocks End Little Changed As Volume Recedes Investors Business Daily / Vincent Mao

UK: Gordon's last fling The Economist

EU: Taxing wages The Economist

EU: Existential dreaming The Economist