Bondhead News Archive

June 16 – June 30

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06/16 Overheated housing markets cool down CNN / Les Christie U.S. tightens controls on exports to China LA Times / Jim Puzzanghera DC: Car dealers seek workers, even as makers slash jobs Washington Times / Adam Terese Slumping Confidence in Bonds Tied to Subprime Mortgages NY Times / Vikas Bajaj Treasury Yields Reach Five-Year High as Rate Cut Bets Diminish Bloomberg / Kim-Mai Cutler European Bonds Post Sixth Weekly Decline on Interest Rate Views Bloomberg / Gavin Finch Both good and bad news on inflation AP via Long Beach Press Telegram / Martin Crutsinger The Inflation Problem Revisited Goldandoilstocks.com via Safehaven / Greg Silberman Nymex rumors highlight tumult Chicago Tribune / Robert Manor Crude at 9-month high AP via Houston Chronicle / John Wilen Yen Slides Against Dollar, Hits Low Versus Euro Bloomberg / Bo Nielsen U.S. Stocks Rally, S&P 500 Rises Most in Eight Weeks; GM Gains Bloomberg / Michael Patterson CA: Housing lends no help to job market Contra Costa Times / George Avalos Stocks seen easing from lofty gains next week Marketwatch / Carla Mozee Asian Stocks Rise as U.S. Retail Sales, Metals Prices Climb Bloomberg / Chua Kong Ho Nymex shares surge to record on talk it is sounding out buyers Independent / Stephen Foley

06/17 Bond rates rise, and the world doesn't end LA Times / Tom Petruno Hedge fund fees favor the managers San Antonio Express Courier / Jeanie Wyatt A fright in the bond markets may end the cheap funds era $ FT / Michael Mackenzie and John Authers Make no mistake, China's manipulating its currency St. Louis Post Dispatch / David Nicklaus Gold Will Not Plunge Much Further ResourceStockGuide.com via Safehaven / Boris Sobolev Investors see gold in stocks' wild swings USA Today / Adam Shell Market's freaky Fridays show confidence in economy Pittsburgh Tribune Review / Gregory M. Drahuschak EBay Eager for More Buyers AP via Washington Post / Brian Bergstein Interest rate fears at rest? Don't get too comfortable LA Times / Tom Petruno How to tell a cheaply priced value stock from a 'value trap' Marketwatch / Jonathan Burton Healthy earnings outlook may lift stocks Reuters / Cal Mankowski Housing Starts Probably Declined in May: U.S. Economy Preview Bloomberg / Shobhana Chandra Oil industry may cut back refinery plans AP via Houston Chronicle / H. Josef Hebert In CBOT bid battle, less could mean more Chicago Tribune / David Greising Putin rallies Third World to go it alone Telegraph / Liam Halligan An Inflation Hedge May Be Worth a Second Look NY Times / Neil A. O’Hara Bond Slide's Brighter Side Wall Street Journal / Diana Ransom Mea Culpa, Said the Bond Market Watchers U.S. News & World Report via NY Times / Paul J. Lim Housing market hasn't bottomed yet Marketwatch / Rex Nutting When Does a Housing Slump Become a Bust? NY Times / Anna Bernasek Home Buyers: A Borrowed Dime Grows More Costly Washington Post / Nell Henderson MA: Luxury condo prices surge: Builders in Boston set to raise the bar Boston Herald / Scott Van Voorhis If You Take on Your Broker, You're Likely to Lose Washington Post / Michelle Singletary Fund family feud Marketwatch / Chuck Jaffe Some 'Value' Stocks Are Just Losers Marketwatch via Wall Street Journal / Jonathan Burton No alternative to minimum tax, no kidding NY Post / John Crudele He has an American dream... Guardian – Observer / Heather Stewart Tainted Foods Are Daily Problem in Asia Washington Post / Margie Mason

06/18 U.S. Homebuilder Confidence Declines to 16-Year Low Bloomberg / Bob Willis Home builders' outlook ebbs to lowest level in 16 years AP via Detroit News The rich: Still bullish on real estate CNN / Les Christie FL: Mortgage woes cured by ad sale Palm Beach Post / Linda Rawls Court Sides With Wall Street Banks Newsday / Pete Yost Gold rises as dollar falls versus euro AP via Madlen Read Rising bonds rates give and take Contra Costa Times / Steve Butler Oil Nears $70 for First Time in 9 Months on Nigeria Strike Plan Bloomberg / Mark Shenk Oil tops $69; benchmark contract at 9-month high Marketwatch / Myra P. Saefong and Polya Lesova U.S. stocks close lower after oil rallies Marketwatch / Leslie Wines Stocks in a struggle CNN / David Ellis Wendy's takes closer look at sale Reuters via USA Today Speed Bumps Ahead For Stocks Forbes / Bernie Schaeffer US Economy - Smoke and Mirrors Hinsdale Associates via Market Oracle / Paul J. Nolte The Fed's Cautious Optimism Isn't Believable Prudent Investor via Market Oracle What's Wrong With Speculation? Smartmoney.com / Jonathan Hoenig The World's Hottest Job Markets Forbes / Tom Van Riper Politics weakens Justice Dept. independence McClatchy / Marisa Taylor and Margaret Talev China banks hit for illicit loans BBC News Indexes flat as subprime worries offset takeovers Reuters / Kristina Cooke Monday’s Stocktiming.com Analysis Stocktiming.com / Marty Chenard U.S. Treasury bond prices drop AP via Seattle Post Intelligencer US Treasury's Paulson applauds IMF forex changes Reuters CME, Intercontinental Exchange May Sweeten CBOT Bids Bloomberg / Edgar Ortega and Matthew Leising Philly exchange deal in the works NY Post / Roddy Boyd Russia's booming economy The Economist Oil refiners reconsider expansion AP via Tennessean / H. Josef Hebert What If Social Security Were Completely Scrapped? Ludwig Von Mises Institute / D.W. MacKenzie Fed Unlikely to Agree to Set an Inflation Target Bloomberg / John M. Berry Why Did the Fed Help North Korea Launder Money? Bloomberg / Kevin Hassett Desperate measures for the mortgage business Fortune via CNN / Jon Birger Mortgage rates back near year-ago level Chicago Tribune / Mary Umberger Forbes '08 Tracker: June Forbes / David A. Andelman China Isn't a Manipulator, U.S. Congress Is Bloomberg / Caroline Baum Retail Giant Will Remake Private Bank NY Times / Eric Dash Gold, Silver Rise in Asia as Dollar's Decline Boosts Demand Bloomberg / Jesse Riseborough Oil prices slightly lower AP via Houston Chronicle / Pablo Gorondi The Garden Of Eden Or A Perfect Storm? Forbes / Robert Lenzner Forecasters predict further housing market slump Christian Science Monitor / Mark Trumbull Wall Street Analysts More Bearish Than Ever; More Accurate, Too Bloomberg / Nick Baker and Daniel Hauck Watch That Slump in Asia's Pricing Power Abroad Bloomberg / Andy Mukherjee Getting it right on recessions and the ‘wealth effect’ Brookes News / Gerard Jackson US recession and technology: another economic fallacy Brookes News / Gerard Jackson OPEB Guru Looks Back Bond Buyer / Matthew Hanson The latest bond adventure is essential viewing Telegraph / Roger Bootle U.S. Notes May Fall; Deutsche, Lehman Drop Calls for Rate Cut Bloomberg / Wes Goodman Yen Falls Against Euro, Australian Dollar, Pound on Carry Trade Bloomberg / Stanley White and Kosuke Goto Euro sets new high vs yen, kiwi dips on RBNZ sales Reuters / Masayuki Kitano Discount Dentistry, South of The Border Washington Post / Manuel Roig-Franzia Progress on preventing blackouts Christian Science Monitor / Mark Clayton UK: Why homebuyers face a bond bombshell Guardian / Ashley Seager Taiwan: Analysts expect central bank to lift rates Taipei Times / Jackie Lin Treasury Rout Muffled by Reserves, Tame Inflation, Derivatives Bloomberg / Deborah Finestone

06/19 Deciphering the New Yield Curve Smartmoney.com / James B. Stewart Board announces availability of online Mortgage Comparison Calculator Federal Reserve Board NY Mayor Bloomberg becoming an independent Reuters / Michelle Nichols and Ellen Wulfhorst Study says Florida, California home prices likely to drop in 2 years AP via South Florida Sun Sentinel / Jeremy Herron Corn and milk: A 1-2 inflation combo CNN / Jeff Cox The new capitalism FT / Martin Wolf FL: Claims brewing long after storms Palm Beach Post / Randy Diamond Asia resumes record-setting run, led by Hong Kong Marketwatch / V. Phani Kumar Stocks Rise As Bond Yields Dip AP via Magic Valley Times News / Tim Paradis Tightened border security hits America in the wallet Globe and Mail / Barbara McKenna Foreclosures drift to Sun Belt from Rust Belt CNN / Les Christie Subprime Mortgage Problems Quarantined? Ask the Home Builders Northern Trust via Safehaven / Paul Kasriel Search for water gets harder in U.S. Southwest Reuters Late Surge Hoists Stocks To Positive Finish Investors Business Daily / Alan R. Elliott Home Depot to buyback stock Reuters / Michael Flaherty and Karen Jacobs Best Buy lowers 2008 profit estimate AP via Houston Chronicle / Chris Williams The Utilities' big drop Marketwatch / Mark Hulbert GOP Longshot: Ditch Fed, Go Back to Gold The Street / Simon Constable Cantor Fitzgerald sees growth in unusual places Reuters / Joseph A. Giannone US credit cycle turn not expected in 07-Barclays Reuters Treasuries Rise a Third Day as Housing Starts Decline in May Bloomberg / Deborah Finestone and Daniel Kruger Merrill Revives Plan to Sell Bear Stearns Fund Bonds Bloomberg / Jody Shenn CA: Investors flocking to state bond offering Contra Costa Times / David Morrill Fed economist-Housing downturn may deepen Reuters Houston Economic Update Federal Reserve Bank of Dallas Inflation is soaring, and the Fed will respond soon Marketwatch / Dr. Irwin Kellner Consumer credit reports Federal Reserve Board / Sandra Braunstein Tuesday’s Stocktiming.com Analysis Stocktiming.com / Marty Chenard U.S. Stocks Rise as Bond Yields Slip; Citigroup, Textron Gain Bloomberg / Eric Martin Treasuries Rise a Third Day as Housing Starts Decline in May Bloomberg / Deborah Finestone and Daniel Kruger SIFMA Provides White Paper for SEC Roundtable on Rule 12B-1 SIFMA U.S. Bank Loan Risk Rises on Concern About Record Borrowing Bloomberg / Shannon D. Harrington Nigeria stays in focus as crude pulls back Marketwatch / Myra P. Saefong & Polya Lesova Nymex oil dips below $69 a barrel AP via Beaufort Gazette / J.W. Elphinstone CA: Report from UCLA team skirts the R-word LA Times / Annette Haddad White House budget director resigns AP via Seattle Times / Terence Hunt Hedge-like funds might reduce risk, experts say South Florida Sun Sentinel via Allentown Morning Call / Harriet Johnson Brackey Housing starts fall as permits rise Reuters via CNN FL: Housing market not pretty in Florida and nation, reports show South Florida Sun Sentinel / Paul Owers Gold futures hold near the $660-an-ounce level Marketwatch / Myra P. Saefong & Polya Lesova CA: Sluggish economy seen well into 2008 Sacramento Bee / Dale KIasler FDIC Quarterly Banking Profile FDIC Goldman's Ready Forbes / Robert Lenzner Bernanke, Trichet Turn to BIS as Markets Ignore Risk Bloomberg / John Fraher Rally in Stocks Becomes Buy-and-Holder's Delight Bloomberg / Chet Currier Semel out as Yahoo! CEO CNN / Paul R. La Monica Best Buy 1st-quarter profit falls AP via Houston Chronicle IL: Dead market for grave sites Chicago Tribune / Mary Umberger

06/20 Western Union gets new rival Denver Post / Will Shanley House bill would tax Blackstone immediately Marketwatch / William L. Watts Reflections on the Asian Financial Crises Federal Reserve Bank of New York / Timothy Geithner NY Fed's Geithner says exchange rates no insulation from global shocks AFX via Forbes KC Fed chief Hoenig sees second-quarter economic rebound Kansas City Star / Mark Davis Labor supply debated as slower output looms Reuters Computer failure stacks up United Chicago Tribune / Susan Chandler, Robert Manor and Jon Hilkevitch The Perils of Monetizing US Debt FX Money Traders via Safehaven / Jes Black Merrill sells assets of Bear Stearns hedge funds Marketwatch / Alistair Barr & Greg Robb South Florida home prices to drop even more in next two years AP via South Florida Sun Sentinel / Martin Crutsinger EU: should we stay or should we go? Telegraph / Ambrose Evans-Pritchard Asia markets slip on Wall Street's decline Marketwatch / V. Phani Kumar Dow Jones takes over News Corp. talks AP via Houston Chronicle / Seth Sutel Stocks log heavy losses as bond yields move higher Marketwatch / Nick Godt Currencies and bonds $ FT / John Authers Dow tumbles nearly 150 points CNN / David Ellis U.S. Stocks Drop After Bond Yields Gain; JPMorgan Shares Fall Bloomberg / Eric Martin Stocks Settle To Bottom Of Trading Range Investors Business Daily / Alan R. Elliott Morgan Stanley 2Q Rose 39 Percent AP via Forbes / Joe Bel Bruno Yen nears record low; dollar mixed Marketwatch / Wanfeng Zhou 10 Years Past, Asian Money Crisis Haunts AP via Newsday / Denis D. Gray Steeper yield curve may signal improving economy Marketwatch / Leslie Wines Oil tumbles on big jump in inventories CNN Crude falls with supply up almost 7 million barrels Marketwatch / Myra P. Saefong & Polya Lesova Gold falls on rising bond yields, strong dollar Marketwatch / Polya Lesova Mortgage Applications Decrease In Latest MBA Survey Mortgage Bankers Association Wednesday’s Stocktiming.com Analysis Stocktiming.com / Marty Chenard Dell's Third Delisting Notice Wasn't a Charm CFO.com / Stephen Taub Wall Street ekes out a gain CNN / David Ellis Best Buy Says Profit Fell Due to Soft Economy AP via Washington Post / Chris Williams Treasuries slide as investors hedge bets AP via Houston Chronicle States outpace feds on minimum wage Staeline.org / Christine Vestal SC: Ravenel suspended in wake of cocaine charges The State / Aaron Gould Sheinin and Adam Beam Hands off Private Equity National Review / Phil Kerpen Treasuries Decline on Concern Housing Won't Weigh Down Economy Bloomberg / Deborah Finestone and Daniel Kruger Buying into Blackstone CNN / Grace Wong Morgan Stanley 2Q rose 39 percent AP via Houston Chronicle / Joe Bel Bruno Subprime Street is Feeling The Heat NY Post / Roddy Boyd Circuit City swings to 1Q loss AP via Dallas Morning News Splitsville Marketwatch / Mark Hulbert The Dollar's Doomsday Scenario Forbes / Robert Lenzner Yen nears record low, dollar mixed Marketwatch / Wanfeng Zhou Mortgage Rate Rise Pushes U.S. Housing, Economy to `Blood Bath' Bloomberg / Kathleen M. Howley OH: Home values likely to hold Cincinnati Enquirer / Jeremy Herron Housing sprouts up in Midwest Chicago Tribune / William Sluis Mortgage applications slide Reuters via CNN UK: King Overruled as BOE Votes 5-4 for Unchanged Rate Bloomberg / Brian Swint Sweden's Central Bank Raises Key Rate for Eighth Time Bloomberg / Jonas Bergman Treasuries Little Changed After Three-Day Gain as Housing Slows Bloomberg / Wes Goodman CEOs under fire to perform – or else Christian Science Monitor / Mark Trumbull US Congress set to battle over gas-price 'gouging' Christian Science Monitor / Peter Grier Asian Stocks Advance for Fifth Day, Led by Hon Hai and Nissan Bloomberg / Chen Shiyin and Stuart Kelly Yen Is Little Changed Before BOJ Minutes and Speech by Muto Bloomberg / Stanley White Asia's Skyscraper Economies Hit a Glass Ceiling Bloomberg / William Pesek

06/21 Asian shares lower on profit-taking after record run Marketwatch / V. Phani Kumar Fears grow over repricing of risky debt securities FT / Saskia Scholtes AT&T: An old blue chip favorite comes storming back NY Daily News / Joseph Lisanti Fed again urged to end abusive mortgage practices Marketwatch / Robert Schroeder Supervisory Insights – Summer 2007 FDIC Hedge fund woes could hit Main Street CNN / Chris Isidore Late Day Surge Pushes Stocks To Solid Gains Investors Business Daily / Alan R. Elliott Expect Rupert Murdoch to prevail Economist Stocks rise following upbeat economic data, drop in oil prices AP via Boston Herald Research in commotion Economist Blackstone IPO Raises $4.13 Billion at $31 a Share Bloomberg / Elizabeth Hester and Jason Kelly Merrill Sells Portion of $850 Million Bear Funds Bloomberg / Jody Shenn Rising Bond Yields Stocktiming.com via Bondheads / Marty Chenard Manufacturers Report Increase in Activity Federal Reserve Bank of Philadelphia Philadelphia Fed's Factory Index Rose to 18 in June Bloomberg / Shobhana Chandra Granddad, Did You Believe in Central Banks Once? Bloomberg / Mark Gilbert Credit derivative indexes wider on liquidity fears Reuters Bonds dip on strong factory activity data Reuters Treasury Two-Year Notes Rise on Concern Over Hedge Fund Losses Bloomberg / Deborah Finestone and Daniel Kruger Wall Street can't find its way CNN / David Ellis Thursday’s Stocktiming.com Analysis Stocktiming.com / Marty Chenard U.S. 30-year mortgage rates fall, end five week rise Reuters MI: Foreclosures more than double in city Lansing state Journal / Barbara Wieland McCain's support wanes in new polls McClatchy / Matt Stearns ICE urges CBOT members to vote against CME deal Reuters 'Trivial' collectors or garbage gatherers? Pittsburgh Tribune Review / Jack Markowitz Deadly ripples threaten subprime funds CNN / Grace Wong Corporate Debt Risk Jumps on Concern Over Bear Stearns Funds Bloomberg / Hamish Risk and Shannon D. Harrington Yield Curve Rights Itself Without Fed's Help Bloomberg / Caroline Baum CA: Ad campaign drew buyers for bonds Sacramento Bee / Judy Lin U.S. Economy: Leading Indicators Index Rises More Than Forecast Bloomberg / Joe Richter Claims for unemployment benefits rise sharply AP via Houston Chronicle / Martin Crutsinger U.S. economy to expand in coming months AP via Houston Chronicle / Candice Choi Mortgage rates back off CNN N.Y. Oil Rises, Nearing $70, as Nigeria Strike Threatens Supply Bloomberg / Mark Shenk Dollar climbs against euro AP via Houston Chronicle Soybeans fall, grains mixed AP via Seattle Post Intelligencer WTO Talks Break Down Over Farm Aid, Jeopardizing Deal Bloomberg / Warren Giles Fed meets housing activists amid loan oversight criticism LA Times / Jonathan Peterson Fed to Focus on Clouds in Forecast, Though Core Inflation Has Eased Wall Street Journal / Greg Ip Mortgage Losses Push Hedge Funds to Brink Washington Post / David Cho and Tomoeh Murakami Tse Stumping for Attention To Deficit Disorder Washington Post / Lori Montgomery Congress Weighs End to Hedge Fund Tax Break NY Times / Jenny Anderson and Andrew Ross Sorkin Stocks stumble, and a Geezer is worried Marketwatch / Peter Bruimelow Taiwan: TAIEX at a new seven-year high Taipei Times / Amber Chung Japan's Export Growth Almost Doubles on Demand From China, EU Bloomberg / Lily Nonomiya Russia: Central Bank Is Seen Emerging Unscathed Moscow Times / Simon Shuster U.S. Notes Are Little Changed; Philadelphia Fed Index May Rise Bloomberg / Wes Goodman Senate makes new try for immigration bill Christian Science Monitor / Gail Russell Chaddock Japan Trade Surplus Widens as Export Growth Quickens Bloomberg / Lily Nonomiya Yen Trades Near Four-Year Low Versus Dollar on Capital Outflows Bloomberg / Kosuke Goto and Ron Harui

06/22 TX: Realty specialists do more than sell Dallas Morning News / Bob Moos Apple rises to No. 3 music seller in U.S. Reuters via LA Times Summer vacation for the Fed CNN / Paul R. La Monica Federal Reserve Events Reuters North American rig count falls 2.4% Marketwatch / Katherine Hunt Fund Managers' Taxes to Double Under House Measure Bloomberg / Ryan J. Donmoyer Canada: Winnipeg Commodity Exchange sold to ICE Globe and Mail / John Partridge Stocks lower amid rates jitters Marketwatch / Nick Godt Stocks Dive Deeper On Mild Volume Investors Business Daily / Alan R. Elliott Stocks take a midday hit CNN / Steve Hargreaves U.S. Stocks Decline on Mortgage Concern; Bear Stearns Falls Bloomberg / Eric Martin Why Blackstone Is Selling But You Might Want to Wait Smartmoney.com / Donald Luskin Mortgage loss threatens US banks BBC News Thomson Learning LBO May Show `Breaking Point' for Junk Debt Bloomberg / Caroline Salas Buffett's Hometown Finds Stiff Competition in Hotels Bloomberg / Joe Mysak Zimbabwe's Dollar Plummets 67 Percent; Retailers Stop Trading Bloomberg / Brian Latham Treasurys turn higher in midday trade Marketwatch / Leslie Wines Bank of America Calls Mortgage Woes `Tip of Iceberg' Bloomberg / Sebastian Boyd and Will Edwards Bank Secrecy Act’s Effectiveness and Efficiency FDIC / Sheila C. Blair May State Coincident Indexes pdf Federal Reserve Bank of Philadelphia Treasury: Small Banks to Get a Break AP via Washington Post / Jeannine Aversa Yen remains near 4 1/2 year lows vs dollar Marketwatch / Wayne Ma Blackstone stock leaps 17% in opening AP via Chicago Tribune Stocks Step Back On Higher Volume Investors Business Daily / Alan R. Elliott Widen the immigration funnel Marketwatch / Thomas Kostigen Rudy’s Fiscal Roadmap National Review / Deroy Murdock German economy shows signs of peaking FT / Ralph Atkins Financial Innovation: Benefits and Challenges Federal Reserve Bank of Cleveland / Sandra Pianalto Pianalto-Fed wants efficient,effective credit flow Reuters Do Teens Mask Labor-Market Weakness? Morgan Stanley / Richard Berner IMF says US soft landing scenario likely amid risks Reuters Gold futures climb, but ready for a weekly loss Marketwatch / Myra P. Saefong & Polya Lesova Crude futures' gain tied to Nigeria strike worries Marketwatch / Myra P. Saefong & Polya Lesova Bonds rise on short-covering ahead of weekend Reuters Treasury Yield Curve Steepest Since 2005 as Traders Seek Haven Bloomberg / Deborah Finestone and Daniel Kruger Stocks Fall on Higher Oil, Bond Yields AP via Allentown Morning Call / Tim Paradis Friday’s Stocktiming.com Analysis Stocktiming.com / Marty Chenard China's stock market is hot; and unregulated McClatchy / Kevin G. Hall Twenty Years Later, Echoes Linger From '87 Crash Bloomberg / Chet Currier Globalization and Inflation: Is There A Link? Part1 Morgan Stanley / Eric Chaney Tourists aren't flocking to the U.S. LA Times / Kimi Yoshino U.S. 10-Year Notes Fall, Heading for Seventh Weekly Decline Bloomberg / Wes Goodman Once Again, Trade Effort Stumbles on Subsidies IHT via NY Times / Carter Dougherty N.Z. Dollar Approaches 22-Year High; Traders Test Central Bank Bloomberg / Emma O'Brien Taiwan: Benchmark rate rises 25 basis points Taipei Times / Jackie Lin Yen Trades Near 4-Year Low Versus Dollar on Carry Trades, BOJ Bloomberg / Min Zeng

06/23 Bears lurking in Wall St. woods Denver Post / Will Shanley At last, the Fed steps up on the side of consumers Kansas City Star / Paul Wenske IBM Corp. Hunts for Ways to Trim the Fat AP via Baltimore Examiner / Brian Bergstein Fed's Mishkin Says Asia Should Increase Spending Bloomberg / Steve Matthews Mortgage Forms Sow Confusion Washington Post / Kenneth R. Harney Rising cost of cheese cuts into pizza profits Louisville Courier Journal via Tennessean / Alex Davis