Bondhead News Archive

August 1 – August 15


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How dismal science jolts the markets Financial Post / William Hanley

Bush says recovery might have looked strong if he'd let recession deepen AP via The San Diego Union Tribune

AZ: Cracks starting to show in Valley housing market  The Arizona Republic / Catherine Burrough and Glen Creno

Bonds Slip as Mortgage Players Hedge Risk Reuters / Ellen Freilich

Carmakers deliver year-high sales FT / Jeremy Grant

The Treasury Correction The National Review / David Malpass

Treasury Trajectory The National Review / Victor Canto

Economy still sending mixed signals Reuters via USA Today

Mortgage havoc wreaks 100-yr storm on bond markets Reuters / Aleksandrs Rozens and Eric Burroughs

CT: State Consumers' Mood Darkens, But Still Outshines Nation's The Hartford Courant / Barbara Nagay

MA: Taxpayers give extra $800,000 The Boston Globe / Bruce Mohl

CA: Manufacturing credit didn't make budget cut reg The Orange County Register / Mary Ann Milbourn

CO: Refinancings plunge  The Rocky Mountain News / John Rebchook

Prison Population Boom Means Added Costs For States Stateline / Mike Clements

Crude rises $1.82 to $32.31 a barrel Reuters via The Houston Chronicle

Freddie Mac, Fannie Mae Bill in Senate Bloomberg  via LA Times

Job Market Remains Outlier in Improving Economy Bloomberg / Caroline Baum

An ocean apart The Economist 

Job drought threatens economy CNN / Mark Gongloff

The "if" economy is back The Seattle Times / Stephen H. Dunphy

Will the bond market spoil the party? Fortune via CNN / Bethany McLean

Russia's Finance Ministry To Place 5 Bln Rbl Bond Issue Institutional Investor

UK factories perk up BBC News

UK: Bankruptcies hit 10-year high BBC News

MN: Military spending boosts economy Minnesota Star Tribune / Mike Blahnik

Emerging Market Bonds Head for Biggest Weekly Loss in a Year Bloomberg

CA: Jobless fraud stumps state Sacramento Bee via Fresno Bee / Christina Jewett

Unemployment rate drops as 470,000 give up looking AP via Omaha World Herald

Transatlantic divide Economist

An Austrian in Grad School: Confronting the Mainstream  Ludwig von Mises Institute / Robert Murphy

Treasury Notes Poised to End Sixth Week of Losses in Seven Bloomberg

Dollar gains capped by weak US numbers FT / Jennifer Hughes

Why You'll Be Making More in Munis This Fall Bloomberg / Joe Mysak

U.S. Treasuries Decline as Jobs Report May Spur Growth Optimism Bloomberg

Keeping a wary eye on bonds The Boston Globe via International Herald Tribune / Steve Syre

Worst may be over in euro zone IHT / Eric Pfanner

CT: State's Housing Market Shows Surge For June The Hartford Courant Kenneth Gosselin

Strong military spending propels GDP sharply higher, lifting stocks and dollar NYT via IHT / Kenneth Gilpin



Unity Behind Gray Davis Unraveling AP via Fox

Jobless rate off, but so is job total reg Chicago Tribune / John Schmeltzer

Hispanics, blacks hit extra hard by slump AP via Houston Chronicle / Deborah Kong

NYSE Black Eye NY Post / Jenny Anderson

Argentine workers take over idle factories in response to hard times AP-Canadian Press via / Alan Clendenning

All about bonds CNN / Justin Lahart

Some perspective on the 'ham-fisted' S&P 500 Universal Press Syndicate via Houston Chronicle / Scott Burns

Another tough August on tap AP via The Seattle Times / Amy Baldwin

Department stores struggling AP via The Arizona Republic / Anne D'Innocenzio

Nation's Jobless Plight Worsens La Times / Peter G. Gosselin

Jobless decline `illusory' Mercury News / Margaret Steen

Why markets come up with right answers National Post / Jason Chow

OK: National manufacturing rebounds Omaha World Herald / John Taylor

Currencies: U.S. jobs report weighs on dollar Bloomberg via IHT

Japanese Bonds Have Weekly Decline on quickening U.S. Economy Bloomberg



UK: Home loans to cost more as fixed rates rise The Observer / Maria Scott

How much confidence should investors have in the consumer confidence index? Pittsburgh Tribune Review / Gregory Drahuschak

US homeowners 'losing money on mortgages' FT / Ellen Kelleher

'Bye bye,' or buy bonds? CBS Market Watch / Tomi Kilgore

Looking at Sept. 11 levels CBS Market Watch / Michael Ashbaugh

Debt Buyers Live Off Consumer Woes NY Post / Suzanne Miller

U.S. ignores ally next door, Mexico, at its own risk The Houston Chronicle / Thomas F. McLarty III

Socialism, American-Style The Slate / Daniel Gross

‘It's Dishonour, Sir!' Safe Haven / Sean Corrigan

Sick Sigma Safe Haven / Rodney C. Cook

Argentina Didn't Fall on Its Own Washington Post / Paul Blustein

CA: State budget slashing a one-two punch for business San Francisco Chronicle / Benjamin Pimentel

Iffy Bonds Now May Prove to Be Smart Bet LA Times / Tom Pertruno

Treasuries as Predictor and, Maybe, Shocker reg NY Times / Kenneth N. Gilpin

Bond Prices May Fall, but the Market Can't Really Crash AP via Washington Post / Amy Baldwin

As US dollar gains, so do some European exporters Bloomberg via The Taipei News

As interest rates rise, so do fears The Denver Post / Aldo Svaldi

Service Economy Seen Expanding in July: U.S. Economy Preview Bloomberg

Gauge of Investor Fear Signals Market Drop Bloomberg

CA: With housing prices soaring, condo and apartment complexes are rising again in San Diego San Diego Union Tribune / Mike Freeman

WI: Drop in bond prices is tempting some investors; others shying away The Milwaukee Journal / Kathleen Gallagher

Turkey gets IMF extension BBC News

NC: Charlotte's economy on a roll Charlotte Observer / John Silvia

MA: Bay State is falling into (bottom) line The Boston Globe / Charles Stein

AK Today's low interest rates have a dark side Anchorage Daily News / Chris Stephens

UK: Great British credit binge sets alarm bells ringing at Bank The Observer / Faisal Islam

Cheers to the Hummer Heroes Philadelphia Inquirer / Jeff Brown

Interest rates' rise may slow recovery Philadelphia Inquirer / Ken Moritsugu

CA: The budget and the economy The Sacramento Bee /  Dale Kasler

Consumer mood key gauge to recovery The Sacramento Bee / Loretta Kalb

Bond chaos hits US mortgage giants FT / Jenny Wiggins

Another Wall Street Turnaround? Newsday / Pradnya Joshi

Japan's Ruling Party Delays Bank-Aid Debate Bloomberg / David DeRosa

Please Be Kinder While Trading reg NY Times / Heather Timmons

Economics Can't Solve Everything, Can It? reg NY Times / Daniel Altman

Teaching Fannie and Freddie to Act Like Grown-Ups reg NY Times / Daniel Akst




Former treasury chief sells his fund firm FT / Deborah Brewster

Understanding Greenspan’s Bond Bubble Arab News / Habib F. Faris

Interest-ing Situation National Review / Bruce Bartlett

FL: They look like tourists -- but don't spend like them Sun Sentinel / Todd Pack and Jeff Oliver

SC: Employers facing healthy insurance hikes in 2004 The State / Kevin Dietrich

Reform or bust The Economist

Fed Up, Lots Of People With Jobs Are Job Hunting Newsday via The Hartford Courant / Patricia Kitchen

Like a Cloud, Economic Woes Follow Bus Tour reg NY Times / Elisabeth Bumiller

First Tennessee, the Ben Curtis of Agency Debt, Beats Merrill Bloomberg

Storm season is brewing CNN / Alexander Twin

As interest rates rise, bond mutual funds pummeled USA Today / John Waggoner

NY: Occupancy Down, Room Rates, Too Newsday / Janice Fioravante

Treasuries Advance After Yields Rise More Than Growth Forecasts Bloomberg

After Treasuries' Steep Losses, Is the Sell-Off Nearing an End? reg LA Times / Thomas Mulligan

$2 million will buy you an average house in some areas Omaha World Herald / John Taylor

Night owls don't help many firms The Boston Globe via Omaha World Herald

FL: Rental rates drop as vacancies rise in south Orlando The Orlando Sentinel / Jack Snyder

Show Us The Money NY Post / Christopher Byron

U.S. corporate bond new issues Reuters via Yahoo

US Treasury to sell $17.0 bln 4-week bills Tuesday Reuters via Yahoo

Dollar steady as market seeks new impetus FT / Jennifer Hughes

European bonds rise on hopes of economic recovery FT / Paivi Munter and Mariko Sanchanta

Government cuts could be bloody Austin Business Journal via Washington Business Journal / Mary Alice Kaspar

The Red Scare Newsweek / Jonathan Adams

Shades of '87 Safehaven / Sean Corrigan

GE Sells Insurance Unit to PMI-Led Group for $1.9 Bln Bloomberg

TX: Urban sprawl Dallas Star Telegram / Andrea Jares

Bond rumors CNN / Justin Lahart

Commercial War: George III to Present Mises Institute / H.A. Scott Trask

Free-spending billionaire now cutting costs at his companies Newhouse News Service via The Cleveland Plain Dealer / Jeff Manning

Is China Replacing Japan as U.S. Scapegoat? Bloomberg / William Pesek Jr.

U.S. June Factory Orders Rise 1.7%; Ex-=Transportation Up 1.2% Bloomberg

Brazilian Bonds Decline on Debt Swap, Pension Bill Concerns Bloomberg

Sluggish economy takes toll on government jobs USA Today / Sue Kirchhoff

Clues Start Emerging About the Losses Since the '90s Boom reg NY Times / Janny Scott

Wait-and-see economy keeps jobless on edge Christian Science Monitor / Ron Scherer

Canada: The Stagnant 70’s  Canada Business / Joel Mollins

U.S. Treasury Debt Rout May Be Nearing an End, Survey Shows Bloomberg

Russia: Some Stats Suggest an Economic Slowdown The Moscow Times / Igor Semenenko

A rout in bonds before its time? The International Herald Tribune / Eric Pfanner

Many investors yawn at higher dividends The International Herald Tribune / Floyd Norris



Is A 1929-style Stock Crash Likely October 2003? Gold Eagle / Andrew McKillop

States' Rites The New Republic / Gregg Easterbrook 

Census: More people leaving California than moving in AP via San Diego Union Tribune / Genaro Armas

California has no corner on crisis market NY Times via The National Post / Paul Krugman

Interest-Rate Moves Warn The Economy May Be Broken NY Post / John Crudele

Rising rates clobber mortgage makeovers Orlando Sentinel / Jack Snyder

A Drooping Dollar's Mixed Blessings Business Week via Yahoo / Lisa Miller

IMF Says U.S. Budget Gap Threatens Investment, Growth Bloomberg

The Keynesian Myth of Consumer Confidence Lew Rockwell / Gary North

Dead Wrong The National Review / Larry Kudlow

Review of The U.S. Economy PDF International Monetary Fund

IMF: U.S. recovery is uneven Reuters via CNN

Voter Reward backers add retroactivity clause The Arizona Republic via AZ Central / Robbie Sherwood

S&P 500 index still has value The Dallas Morning News / Scott Burns

Pumping oil into government reserve may have added to price increases, critics charge AP via The San Diego Union Tribune / H. Josef Hebert

CO: Apartment vacancies maintain 16-year high Rocky Mountain News / John Rebchook

CA: State's bonds are downgraded again The Sacramento Bee / Dale Kasler

Euro-zone unemployment rate stuck at highest level in years: 8.9 per cent AP via The Canadian Press

Monetary policy is not the force it was FT / Stephen Cecchetti

Three-year Treasury auction disappoints FT / Jenny Wiggins, Charles Batchelor and Mariko Sanchanta

Life not ho-hum for bond traders reg LA Times via Chicago Tribune / Thomas Mulligan

Market Recovery Meets a Big Stumbling Block Bloomberg / Chet Currier

Maytag Moves Out of U.S. Draws Criticism AP via Newsday / David Pitt

IL: Hard times for mall anchors Chicago Sun Times / Sandra Guy

The Lure of Junk Bonds: Oasis or Mirage? Business Week / Robert Rosenberg

CA: Moody's Lowers State's Rating LA Times / Tom Petruno and Nancy Vogel

PMI to buy bond insurer San Francisco Chronicle / Carolyn Said

So I Was Off by a Few Trillion Business Week / Michael J. Mandel

A Warming Economy Burns Bonds US News / Paul Lim

Job cut announcements up 43% CNN / Mark Gongloff

Bond bashing The Economist

Rate Rise Is Real. Stocks Ignore Circe's Warning Bloomberg / Caroline Baum

U.S. Treasuries Drop Before Auctions; Service Industries Expand Bloomberg 

U.S. July ISM Service Economy Index Rises to Record 65.1 Bloomberg

Corporate Citizenship: A Tax in Disguise Ludwig von Mises Institute / Richard Teather

MBIA 2nd-qtr profit jumps 53 pct, premiums rise Reuters via Forbes / Jonathan Stempel

Booming China trade rankles US Christian Science Monitor / Ron Scherer

Surge in Rates May Hurt Pillar of the Economy NY Times via IWon / Edmund Andrews

Market Recovery Meets a Big Stumbling Block Bloomberg / Chet Currier

Mortgage bubble splatters Philadelphia Enquirer / Todd Mason

European bonds take a breather FT / Charles Batchelor

Russia: Oil Output Soars to 8.5 Million bpd Reuters and Bloomberg via The Moscow Times

Dollar turns lower on job losses in U.S. Bloomberg via The International Herald Tribune



Treasury Bond Danger Signs Kiplinger / Jeffery Kosnett

Europe counts cost of scorching summer BBC / Doreen Walton

Schwarzenegger Is a Candidate for California Governor Bloomberg

Market Update: Auction boosts long view of economy reg Chicago Tribune / Bill Barnhart

Making the Move ABC News / Catherine Valenti

Treasury Yields Drive Down Dollar Prices, Cut IOs reg Real Estate Finance and Investment via Euromoney

Why I Never Write About the Services ISM Index Bloomberg / Caroline Baum

NJ: State board nixes bond bailout for New York City AP via / Michael Gormley

Freddie Mac chief says company weathers bond storm Reuters

Russia: Bank Profits at Expense of Next of Kin Moscow Times / Igor Semenenko

Junk economics Financial Post / Pierre Lamieux

Market Softens for Leasing Retail Space reg NY Times / Terry Pristin

New Freddie Mac CEO promises to straighten out financial reporting AP via / Maecy Gordon

Around U.S., a House Is a Home but Not a Bonanza reg NY Times / David Leonhardt

Bond Rise, Bombing Prompt Selling AP via Newsday

CT: Factories Bleeding Jobs The Hartford Courant / Barbara Nagy

Surprise rise in German unemployment FT / Bettina Wassener

Five-year Treasuries auction finds favour FT / Jenny Wiggins and Alex Skorecki

Soaring Yields Hit Shorter-Term Bonds reg LA Times / Tom Petruno

Boom or mirage? CNN / Mark Gongloff

Nixon II The National Review / Bruce Bartlett

Clinton learned it early: Keep the bond traders happy The Philadelphia Inquirer / Andrew Cassel

Terminators & Litigators In Calif. AP via CBS News

WI: Dry summer for teens The Milwaukee Journal / Joel Dresang

Bill may weaken state credit protections LA Times via The Baltimore Sun / Kathy Kristoff

Oil jumps to highest levels since war Reuters via MSNBC

Corporate/Agency Bonds Community Events Calendar Reuters via Yahoo

Bonds drift amid auction CNN

The Real Internet Revolution Business Week via Yahoo / Christopher Kenton

CA: Job seekers still have way to go The Orange County Register / James Kelleher

CA: Few new jobs expected in Bay Area The San Fransisco Chronicle / Sam Zuckerman

CA: Housing market staying tight The Orange County Register / Hang Nguyen

Asia depends on China, India The Taipei Times

Imagine Bill Gross Is Right and the Fed Succeeds Bloomberg / Joe Mysak 

Inflation, Deflation, Reflation Safehaven / Clif Droke Market Analysis / Clif Droke

French Government Leads EU7 Billion Rescue for Alstom Bloomberg

Hold onto your hat CNN / Justin Lahart

Mises and His School Ludwig von Mises Institute / J.G. HÜlsmann

CA: State finances bridge projects Bloomberg via The Oakland Tribune / Dennis Walters

Payoff for payouts? NY Times via The International Herald Tribbune

Treasuries Gain; Higher Yields Draw Investors on Fed Rate View Bloomberg

Japan: Tokyo deletes 'weak' from economic outlook  The Japan Times / Hiroko Nakata



Rising mortgage rates may take a breather  USA Today / Sandra Block

Benefit changes paining hospitals USA Today / Julie Appleby

Health care a bet-the-country-sized problem The Houston Chronicle / Scott Burns

TX: New home rally likely to slow a bit Houston Chronicle / Ralph Bivins

Can Arnold run a state economy? CNBC via MSNBC / Jane Wells

Total Recall CBS News / Russ Britt

Japan's central bank keeps monetary policy steady AP via

Canada: No North American Monetary Union Yet – BoC Reuters via Yahoo Canada / Gilbert Le Gras

Rising bond yields loom over robust US housing, analysts say AFP via Yahoo

ECB upbeat about economic activity in eurozone FT /  Bettina Wassener and Christopher Swann

Total recall, total craziness SF Chronicle / Feedback

 Despair of the Jobless reg NY Times / Bob Herbert

WA: Home sales soar 25 percent in rush to beat rising rates Seattle Times / Kristina Shevory

CA: Housing Construction Surges LA Times / Daryl Kelley

 Exuberance Returns Safehaven / Smithers and Company / Andrew Smithers

Recovery bad news for taxable bond funds Boston Herald / Jon Chesto

Your home: Worst-case scenario CNN / Sarah Max

Gold reserves cheaper to build than to buy Financial Post and Bloomberg / Drew Hasselback

Bush Approval Rating Falls to 53%; Economy Concern Up Bloomberg

Good reports, but no hiring CNN / Mark Gongloff

Rate spike threatens housing industry Washington Times / Patrice Hill

Watch that cardboard! CNN / Justin Lahart

Unhatched Chickens Tech Central Station / Stephen W. Stanton

What Would the Luddites Say About Productivity? Bloomberg / Caroline Baum

U.S. corporate bond new issues Reuters via Yahoo

Treasuries hesitant after sale, more supply ahead Reuters via Yahoo / Wayne Cole

Bank profits may survive end of mortgage boom Reuters via The South Florida Sun Sentinel / Jonathan Stempel

Consumers wary of adding debt CBS Market Watch / Greg Robb

Companies Squeezing More Out of Workers Reuters via ABC News / Glenn Somerville

MS: Economy will rebound, expert says The Biloxi Sun Herald / Patrick Peterson

US 30-yr mortgage rates 6.34 pct, highest in year Reuters via IWon

Analysts Question Freddie's New CEO On His Role in Deals The Washington Post / Kathleen Day and David Hilzenrath

2 former Dynegy executives detail hanky-panky in books AP via San Antonio Express – News / Kristen Hays

It's still true in many cases: If you follow Suze, you lose The Boston Globe / Chick Jaffe

BondHub has raised $2.3 million in funds Seattle Post Intelligencer

Bush to States: Buck Stops With You, Not Me Bloomberg / Gene Sperling

Dallas Fed chief is searching for signs of a turnaround reg Dallas Morning News / Angela Shah

Does the Fed matter? CNN / Justin Lahart

Concerning the Export of Capital Ludwig von Mises Institute / William Anderson

Engineering Earnings Prudent Bear via Safe Haven / Chad Hudson

Needed: Central Bankers With Far Away Eyes Pimco Bonds Fed Focus / Paul McCulley

Dollar bulls encouraged by bond auction success FT / Jennifer Hughes

Investors like 5-year T-notes USA Today / John Waggoner

Report: Banks Kept Millions From Taxes AP vis The Dallas Fort Worth Star-Telegram

Fannie Mae's Loss Risk Is Larger, Computer Models Show reg NY Times / Alex Berenson

Currencies: Mood on Treasuries sends dollar higher Bloomberg via International Herald Tribune

U.S. Treasuries May Rise, Yields Near Year-High Attract Buyers Bloomberg



Workers’ Comp: A Brewing Crisis For States? / Pamela Prah

UK: Millions struggle with card payments BBC

The Post-Boom Boom Safehaven / Doug Noland

Conflicting Opinions Safehaven / John Mauldin

Beyond sticker shock Wall Street Journal via The Orange County Register / Jonathan Welsh

Lawsuits Mount Against Freddie Mac Reuters via Yahoo

Putting The Pieces Together Institutional Investor / Georgina Leslie

Workers’ Comp: A Brewing Crisis For States? / Pamela M. Prah

Canada's July Jobs Data Keep Clouds Over Economy Reuters via Yahoo Canada / Gilbert Le Gras

Washington events for August 11 - 15 CBS Market Watch

Attention, Arnold: This Is Real Life LA Times / Doug Gamble

 California loses more than 21,000 jobs AP via The San Diego Union Tribune / Alex Veiga

Sears bonds fall on skepticism about debt reduction Bloomberg via The Chicago Tribune

Convertible bond funds past peak? AP via The Washington Times

That Was The Week That Was! Safehaven / Julian Phillips

It’s War at NYSE NY Post / Jenny Anderson

CA: State Says Banks Kept Millions From Taxes LA Times / Cathy Kristof and Scott Reckard

UK: House price rises slow  BBC

Refinancing drying up The San Francisco Chronicle / Sam Druckerman

PA: Leaving isn't the problem, relocating to Philadelphia is The Philadelphia Inquirer / Andrew Cassel

Buffett's Berkshire 2nd-Qtr Profit More Than Doubles Bloomberg

Bond Prices Rise AP via The Miami Herald 

Treasuries Up Await Next Week's Fed Meet Reuters via The Boston Globe / Ros Krasny

U.S. Treasury 10-Year Note Rise on the Week After Debt Auctions Bloomberg

U.S. corporate bond new issues Reuters via Yahoo

Asset-backeds-Citigroup sells $750 mln transaction Reuters via Yahoo

Fannie Mae rebuffs report of potential losses Bloomberg via The Seattle Times / Al Yoon

Bond Trader at Merrill Taps the Firm's Bank to Spin Gold NY Times via IWon

Gold Bugs Send Index to 6-Year High Reuters via ABC News / Alden Bentley

Fed Expected to Leave Rates Alone Washington Post / John Berry

The wait-and-see Fed CNN / Mark Gongloff

U.S. Economy: Dollar Drop Means Nebraska Jobs, Gillette Sales Bloomberg

Lawsuits Mount Against Freddie Mac Reuters via ABC News

Don't Forget the `Emerald City' in Buying Muni Bonds Bloomberg / Joe Mysak 

Overproductive and underemployed The Economist

Bush's Hidden Corporate Tax Ludwig von Mises Institute / D.W. MacKenzie

Italy slide into recession BBC News

Banks in buying mood for store credit cards reg Chicago Tribune / Rachel Osterman

Dollar Gains Against Euro as Leading European Economies Stall Bloomberg

Consumer debt falls for first time in 7 months amid refinancings Bloomberg via Orange County Register / Andrew Ward

How Investors in Index Funds Got Ambushed by Bear Bloomberg / Chet Currier

PA: Recorder of deeds falls ‘months behind’ Pittsburgh Review Tribune / Sam Spatter

What To Do With Those Corporate Governance Ratings - Are They Useful? Institutional Investor / Helen Shaw

3 insurers quietly end a brokerage policy NY Times via The International Herald Tribune / Joseph B. Treaster

Legal but Absurd: Borrow a Billion and Report a Profit reg NY Times / Floyd Norris

NY: Rates and Anxiety Rise Newsday / Christian Murray



Conan the Republican Financial Post / Peter Foster

Pros Feel Bonds' Pain Barron’s via Wall Street Journal via LA Daily News / Andrew Bary

Loss of factory jobs may have a long fall to bottom The Boston Globe / Charles Stein

Cool, pointless purchases keep economy humming The Houston Chronicle / Jeff Brown

Fed Questioned After Bond Market Rout Reuters / Tim Ahmann

All the Fed should do this week is wait The Milwaukee Journal Sentinel / Avrum Lank 

WI: It could be a bank-eat-bank world again The Milwaukee Journal Sentinel / Paul Gores

IN: Wal-Mart is viewed as area's salvation The Indianapolis Star / Dana Knight

PA: Rate rises kill mortgage deals The Philadelphia Inquirer / Jeff Gelles

Buffett's reputation is stymieing a deal Bloomberg via The Philadelphia Inquirer / David Plumb

Canada: Should we prepare for higher rates? The Financial Post / Jason Chow

CA: Recall bad for state finances The San Francisco Chronicle / Benjamin Pimentel

CA: Valley jobless rate remains high at 8.4% The Mercury News / Margaret Steen

Does spike in bonds spell 1987-like stock meltdown? CBS Market Watch via IWon / Rachel Koning

Dollar Gains Against Euro as Leading European Economies Stall Bloomberg

Ten year Treasury note gains as U.S. sells a record $60B in debt  Bloomberg

Thousands Rally in France, Trade Battle in Mind reg NY Times / John Tagliabue

Pension Funds Sue Freddie Mac The Washington Post / Jackie Spinner

Thrifty image bedevils Buffett Bloomberg via The Omaha World Herald

To Insurers, a Long, Free Ride Is Looking Risky reg NY Times / Joseph B. Treaster

Fuel Prices Move Higher, and Trend Is Expected to Persist reg NY Times / Neela Banerjee

Recall predicted to increase California's woes AP via The Washington Times / Michael Liedtke

Euro-zone weakness helps lift the dollar  Bloomberg via The International Herald Tribune



Defense spending gives boost to economy USA Today / Sue Kirchoff

Revival of protectionism puts U.S. economy further at risk USA Today

PA: The housing market is hurting over a difference of $125.44 Pittsburgh Tribune Review / Gregory Drahuschak

Economists Raise U.S. 3rd-Qtr. Growth Estimate, Blue Chip Shows Bloomberg

If Arnold wins recall, the old rules are history  The Arizona Republic / Nick Gillespie

Coming Soon: 'Rise of the Arnold Democrats' LA Times / Tony Quinn

Dollar drifts higher as foreign central banks invest in US AFP via Taipei News

Consumers could feel the pinch of credit-debit war AP via / Kathy Chu

Time is money: As German economy stagnates, some call for less vacation Canadian Press / David McHugh

Online traders returning Dallas Morning News / Bill Deener

The cure may be in the details Dallas Morning News / Scott Burns

Gas prices up 4 cents a gallon CNN

American vacations undergo downsizing The Baltimore Sun / June Arney

New mortality data suggest cheaper life insurance rates AP via The Baltimore Sun

Contrarians And The Keynesian Myth Safehaven / Nelson Hultberg

As Long-Term Bonds Fall, Consider Getting Shifty The Hartford Courant / Matthew Lubanko

Only in California Newsweek Via MSNBC / Jonathan Alter and Karen Breslau

Convertibles May Be In for A Slowdown AP via The Washington Post / Hope Yen

Chinese imports will cut U.S. jobs, close plants, industry leaders say The Augusta Journal / Jim Nesbitt

UK: Bank's growth gloom puts more pressure on Brown The Guardian Observer / Faisal Islam

Big Apple turns sour on Mike Bloomberg The Guardian Observer / Joanna Walters

Sales at Retailers Seen Rising in July: U.S. Economy Preview Bloomberg

Economy could be hurt by rise in interest rates Knight Ridder via The Morning Call / Ken Moritsugu

CA: Concerns Rise With Mortgage Rates LA Times / Tom Petruno, Bonnie Harris and Kathy M. Kristof

AZ: State must get real on budget The Arizona Republic / Debra Roubik

Japan steps up pressure on China to revalue FT / David Pilling and Richard McGregor

Anger rises as Maytag makes run for border AP via The Arizona Republic / David Pitt

NY: A Few Rays of Light Pierce New York City's Economic Fog reg NY Times / Janny Scott

When the Laws of Supply and Demand Don't Apply reg NY Times / Matthew Wald and Jennifer Lee

CA: It's not really a debt bond, state says The San Francisco Chronicle / Kathleen Pender

Ban sleazy payola stockbrokers collect The Philadelphia Inquirer / Jeff Brown

Japan Asks: Hey Brother, Spare Some Change? Bloomberg / William Pesek Jr.

FT preview: UK and Europe await recovery FT / Chris Flood

Who'll buy goods when jobs are gone? Knoxville News Sentinel / Jim Shelby

Refinancing boom threatens to bust The Milwaukee Journal / Michele Derus and John Schmid

TX: Housing values not soaring in Texas The Dallas Fort Worth Star Telegram / Mitchell Schnurman

CO: Job losses paint grim picture The Denver Post / Kelly Pate

Jobless recovery lasting longer than economists expected Knight Ridder via The Miami Herald / Ken Moritsugu

Bulls on the beach? CNN

Running in place: Americans working harder The Miami Herald / Gregg Fields

In Japan's stagnant economy, managers can become bullies AP via The Cleveland Plain Dealer / Gary Schaefer

A scared employee is a productive employee The Denver Post / Al Lewis

Gutfreund Say’s 'Dump Debt' NY Post / Desmond MacRae

Mister Bond reg NY Times / Emily White

Bulls Have Left Bonds, but Should You? reg NY Times / Jonathon Fuerbringer

Business Spending Helps Offset Lag in Refinancing reg NY Times / Louis Uchitelle and Jennifer Bayot

Wall Street's Legal Woes Aren't Over Just Yet reg NY Times / Gretchen Morgenson



Dallas Fed chief's remarks on economic recovery anger some The Dallas Morning News / Angela Shah

It's alphabet soup on state's ballots NY Times via The LA Daily News / Dean Murphy

Hope for Calif. recall: ruin all around The Houston Chronicle / George Will

When a virtuous circle turns vicious FT / Philip Coggan

CA: States set bait to lure California companies The Sacramento Bee / Dale Kasler

New-Economy Stimulus National Review / Bruce Bartlett

Appraisers still under pressure to inflate valuations Inman News / Susan Romero

U.S. Treasuries May Fall on View Fed to Signal Faster Growth Bloomberg

Downturn robs rural U.S. of jobs won in '90s AP via The Chicago Tribune / Adam Geller

Clarity, please, Mr. Greenspan CNN Justin Lahart

Fed meeting brings out jitters FT / Jenny Wiggins, Paivi Munter and Mariko Sanchanta 

Traders keep close eye on Fed's fine print FT / Christopher Swan and Joshua Chaffin

Jolted Over Electronic Voting Washington Post / Brigid Schulte

Oil not drowning economy – yet CNN Mark Gongloff

States Borrowing To Boost Bottom Line / Jason White

Deficit won't stop raises for Congress Connecticut Post / Peter Urban and Zack Finley

CA: Driven to dismay LA Daily News / Lisa Mascaro

Iraqi masses may have slippery hold on oil wealth AP via The Augusta Chronicle

Alabama governor pushes tax increase to attract businesses, 7E7 The Seattle Times / Davis Postman

Indicators of '20s saw rosy future The Wall Street Journal via The Baltimore Sun / Cynthia Crossen

French WT0 protest movement grows BBC / Megan Rowlinig

China sees factories boom BBC

Philadelphia's shrine to monetary policy The Christian Science Monitor / Jeff Meyer

Canada: Bad judgment versus dishonesty The National Post / Michael Stern

Options could be edging up Washington Business Journal / Brian Jones

Outsourcing Jobs: Is It Bad? Business Week via Yahoo / Michael J. Mandel

CA: Manufacturing Forecast Looks Hazy in California LA Times / Nancy Cleeland

The Roots of the Housing Shortage Ludwig von Mises Institute / Gene Callahan

Short-dated bunds fall as euro weakens FT / Adrienne Roberts

Dramatically different tracks await Amtrak Washington Business Journal / Kent Hoover

Stock-bond hybrids wear out their worth AP via The Fresno Bee / Hope Yen

Fannie Mae to sell $11.5 billion bills on Wed. Reuters via Yahoo

Fannie Mae, Freddie Mac bill sale calendar Reuters via Yahoo

Foreign investors finds bargains in Argentina Reuters via Yahoo / Lucas Bergman

Is Boeing's site search just a tease? Dallas Fort Worth Star Telegram / Bob Cox

All talk and no action - how the US bond market rodeo broke away from the Fed  The Guardian / Charlotte Denny

U.S. Treasuries Fall as Fed May Highlight Signs of a Recovery Bloomberg

Fed adds $7.25 bln in reserves via 2-day repos Reuters via Forbes

Note to Fed: Say It Straight or Don't Say It Bloomberg / Caroline Baum

Bush Tax Cuts Are Starting to Help U.S. Economy, Executives Say Bloomberg

Arnold Built Vast Financial Empire Newsmax

Under the weather The Washington Post via The Dallas Fort Worth Star Telegram / Bill Brubaker

Budget gap can shrink with stepped up tax collection The Christian Science Monitor / David Francis

Booby Trap in Aisle Eight /  Craig Schneider

California's action hero US News and World Report / Michael Barone

Moored To The Job The Hartford Courant / Fran Silverman                            

WA: Desperate job hunters face cattle calls The Seattle Times / Shirleen Holt

Trader Gordon Investigated for $43 Million Theft at Merrill Bloomberg

Dollar May Weaken Against Euro for a Second Week, Survey Shows Bloomberg

Structurers Converge On ABS Credit Definitions Institutional Investor

ABN AMRO Hedges Against The Euro Institutional Investor

NY: Liberty Bond Program Sees Surge Institutional Investor / Marianne Nardone



High office vacancies let firms move in on good deals USA Today / Barbara Hagenbaugh

A Sleuth in the Murky World of Oil Data reg NY Times / Jeff Gerth

How to fix a broken industry Financial Post / Jonathan Chevreau

Home-shopping frenzy in July breaks sales record The Milwaukee Journal Sentinel / Michele Derus

The Fed's tightrope act US News / Paul Lim

TX: Home resales bust records once again The Houston Chronicle / Ralph Bivins

Shifting sands The Economist

Free-Trade Free-Fall The Daily Standard / Irwin M. Stelzer

Bush, under fire, to meet economic team Reuters via Yahoo / Christina Lang

U.S. fights WTO ruling on tariffs AP via The Indianapolis Star

Treasury finds evidence that respect for April 15 tax deadline is eroding AP via The San Diego Union Tribune / Mary Dalrymple

Fed Leaves Rates Unchanged The Washington Post / John Berry

Economists unanimous: Rate hike far far away CBS Market Watch / Corbett Daly

Punch cards hanging by chad The Oakland Tribune / Alec Rosenberg

Fed Suggests It May Keep Rates Low for Some Time to Come reg NY Times / Edmund Andrews

Layoffs take more than jobs The Boston Globe via The Rocky Mountain News / Diane Lewis

Russia: State Fed Up With Bankrupt Firms The Moscow Times / Igor Semenenko

Capital controls split US experts BBC / Rachel Clarke

Morgan Stanley accused of high pressure tactics in complaint AP via the Minnesota Star Tribune / Justin Pope

Maybe the Market Is Hearing Fed Loud and Clear Bloomberg / Caroline Baum

Surprise rise in UK inflation BBC News

Treasury 10-Year Yield Holds Near 1-Year High on Fed Statement Bloomberg

U.S. Bond Funds Post Outflow for First Time Since 2000 Reuters via Fox News

A 'blip' thrashes bond market The Philadelphia Inquirer / Todd Mason

Cities cope with retail hole Washington Business Journal

Fed Holds Bank Rate at 1%, Says Rates to Remain Low Bloomberg

Not All Recessions Are Alike The National Review / David Malpass

Fed leaves rate steady at 45-year low USA Today / Barbara Hagenbaugh

A stimulating status quo The Economist

The message of the markets The Economist

FOMC Statement The Federal Reserve Board

Long Bond Weighing on Equities Zacks / Dennis Slothower

Fed leaves interest rates unchanged FT / John Labate, Chris Swann and Norman Cohen

Fed fun CNN Bethany McLean

Fed leaves rates alone CNN / Mark Gongloff

Free trade thwarts economy revival Knight / Ridder via The Clarion Ledger / Gregg Fields

Requests for Loans Drop 22% in July LA Times / Karen Robinson-Jacobs

Saying Little Could Be Fed's Best Move LA Times / Tom Petruno

Analysts look to Fed to calm bond market AP via The State / Martin Crutsinger

Why Study Economics? Ludwig von Mises Institute / Stephen Carson

Home sales set a record The Dallas Morning News / Steve Brown

The Search Is Over ABC News / Catherine Valenti

TN: Low interest rates put squeeze on bank profits The Tennessean / Getahn Ward

Once bitten... CNN / Justin Lahart

A lot of air has fleetingly departed the bond bubble Kansas City Star / Chris Lester

Mercantilism with Chinese characteristics The Economist

Total California Recall Newsmax / David Horowitz

Treasury 10-Year Note Yield Holds Near One-Year High Before Fed Bloomberg

Fed Will Wait Until Late 2004 to Raise Rates, Bond Firms Say Bloomberg

Rate Rise Makes a Bogus Bogeyman for Stock Market Bloomberg Chet Currier

Japan's 2nd-Qtr Economic Growth Accelerates to 0.6% Bloomberg

This man's oil data can sway the market NY Times vie The International Herald Tribune / Jeff Gerth




More governors join exodus from statehouses USA Today / Tom Vanden Brook + Indianapolis Star

Fannie Mae risk number scares investors off Reuters via The Houston Chronicle

Why Arnold will lose, and what it signals about a subtle shift in American politics The American Prospect / Michael Tomasky

WI: Home sales remain on fire The Milwaukee Journal Sentinel / Michele Derus

Millionaires interrupted CNN / Jeanne Sahadi

To the beach — or bust? USA Today / Thomas Fogarty

Inflation Fears Send Bonds Scurrying South The Street / Aaron Task

CA: Home prices still soaring Median up 15.5% in three months LA Daily News / Gregory Wilcox

Late-summer gas prices may heat up Reuters via CNBC via MSNBC

AZ: Fuel prices soar with shortage The Arizona Republic / Max Jarman

Poll: Views On Economy Worsen CBS News

Poll: Most Govs Would Survive Recall CBS News

An actor and an investor The San Francisco Chronicle / David Lazarus

Schwab to get slimmer The San Francisco Chronicle +

Canada: Housing market likely to continue soaring: CMHC The Globe and Mail / Terry Weber

Fed treads lightly around obstacles The Globe and Mail / Bruce Little

U.S. mortgage-backed spreads wider as yields surge Reuters via Yahoo

Retailers covet tax-credit money  reg The Sacramento Bee via The Orange County Register / Cathleen Ferraro

U.S. Treasury yields close at highest in a year Reuters via Yahoo / Wayne Cole

Fannie Mae duration gap, portfolio grow in July Reuters via Yahoo / Richard Leong

Tech vs. jobs CNN Justin Lahart

Judge Refuses to Revive Investor Lawsuits Bloomberg via The NY Post

Many states in fiscal free fall CNBC via MSNBC / Rob Reynolds

IL: City to sell almost $1 billion today in O'Hare bonds Chicago Sun times / Tammy Chase

Fannie Mae Used Tax Credit Under Scrutiny Reuters via Yahoo

WA: State's jobless rate slips to 7.5% Seattle times / Pamela Sitt

Airline slump not near end, CEOs say The Dallas Fort woth Star Telegram / Trebor Banstetter

AOL Offline FT

Social Justice Safehaven Hans Sennholz

Wishing California well  The Washington Times / Tony Blankley

WI: Home-shopping frenzy in July breaks sales record The Milwaukee Journal Sentinel / Michele Derus

Warren Buffett adds muscle to Arnie's team FT / Christopher Parker

Oil prices fall as Iraq begins sending crude to Turkey AP via The Houston Chronicle

California firms mull moving out CNBC via MSNBC Jarry cobb

Ah-nold teams up with Buffett CNN

College-bound kids learn jobs are hard to find The Detroit Free Press / Christy Arboscello

Economics enters political spin cycle The Philadelphia Inquirer / Andrew Cassel

Mercantilism with Chinese characteristics The Economist 

Warren goes Hollywood CBS Market Watch via IWon / Tom Benis

Heat wave affects wine harvests, power plants, trains AP via USA Today

Rate moves on hold: Greenspan Financial Post / Jacueline Thorpe

Merrill Board Is Tense Over Ties NY Post / Jenny Anderson

FL: Hard at work forgetting their age The Miami Herald / Cindy Krischer Goodman

Mortgage demand falls to 1-year low Reuters via CNN

Mortgage lock turns to shock The Wall Street Journal via The Orange County Register / Ruth Simon

High office vacancies let firms move in on good deals USA Today / Barbara Hagenbaugh

Schwarzenegger Bounce for California Bonds Bloomberg / Joe Mysak

Those Who Love to Pay Ludwig von Mises Institute / Gary Galles

Insiders' Pace of Stock Sales Causing Some Worry LA Times / Josh Friedman

A closer look at profits CNN / Justin Lahart

Nearly 8,000 doctors seek national health insurance AP via The Tucson Citizen / Mark Sherman

Dollar Gains Against Euro and Yen as U.S. Retail Sales Increase Bloomberg

UK employment figures reach 19-year high FT / Lydia Adetunji

Wealthy Fed chiefs keep investments simple The Arizona Republic via The Clarion Ledger / Russ Wiles 

Bush Advisers: Economy Gaining Strength AP via ABC News

Save It for Later ABC News / Catherine Valenti



Pro wrestlers have too much dignity to run in California The Baltimore Sun / Kevin Cowherd

Perry suggests turning off tap to Mexico reg The Dallas Morning News / Wayne Slater

TX: Not much air in housing bubble for D-FW area reg Dallas Morning News / Steve Brown

Does Colonialism Pay? The National Review / Bruce Bartlett

Perry suggests turning off tap to Mexico The Dallas Morning News / Wayne Slater

TX: Not much air in housing bubble for D-FW area Dallas Morning News / Steve Brown

Merrill Chief's Overhaul Leaving Firm With Younger Leaders reg Bloomberg via The Hartford Courant / James Herling

Recovery caused Fed to limit cut Reuters via CNN

Hot Tips / Investment Outlook Pimco bonds / Bill Gross

Brazil's Lula goes on prime-time TV to praise govt Reuters via Yahoo / Todd Benson

Freedom and Government Ludwig von Mises Institute / Tibor Machan

Agencies, industry set for blame game CBS market Watch / August Cole

US SWAPS-Spreads tighter as mortgage hedging slows Reuters via Yahoo

U.S. agency spreads end firmer as buyers step in Reuters via Yahoo

A Lump-Sum Threat to Pension Funds reg NY Times / Mary Williams Walsh

In Hollywood, An Odd Couple Revival Forbes / Dan Ackman

Sticking It to Little Elizabeth The National Review / Ed Feulner

The Atkins economy The Economist

CA: Gary Coleman says he doesn't need donations AP via The LA Daily News

As Goes America . . . The National Review / Larry Kudlow

US states' fiscal crisis worrying--IMF economist Reuters via Yahoo / Lesley Wroughton

MA: Internet virus forces quarantine of state computers The Boston Globe / Brendan McCarthy

U.S. Markets, Regulators Operate Through Blackout Bloomberg

Fed can't control long-term rates The Philadelphia Inquirer / Jeff Brown

M&A Report: Asset Management Firms Remain Wary Despite Market Upswing Institutional Investor / Jessica Toonkel

How Arnold (and Pete Wilson) Will Do It Newsmax / David Horowitz

Mortgage rates post first drop in two months Reuters via USA Today

MA: Rise in sales of homes could mark boom's peak The Baltimore Sun / Trif Alatzas

Asian investors turn cautious on agency bonds Bloomberg via The International Herald Tribune / Beth Thomas

Treasuries sag, 30-year leaps on Fed buy rumors Reuters / Amanda Cooper

SEC Focus Has Bean Counters Worried NY Post / Suzanne McGee

U.S. Treasury Bond Prices Mostly Lower AP via ST. Louis Dispatch

Fannie Mae, Freddie Mac bill sale calendar Reuters via Yahoo

Thumbs up or down for Arnold? Chicago Sun Times / Robert Novak

Retail Rebound Surprises Pros NY Post / Suzanna McGee

U.S. International Trade in Goods and Services Bureau of Economic Analysis

Consumption Junction Prudent Bear / Chad Hudson

Dollar edges up as data ease economy fears FT / Jennifer Hughes

Brownout at energy firms The Boston Globe / Steven Syre

U.S. Treasuries Fall After Reports on Inflation, Jobless Claims Bloomberg

Fannie Vulnerable to Interest Rates The Washington Post / Albert Crenshaw

Bush fails consumer credit test, critics say The Chicago Tribune / William Neikirk

A little gale won't disperse economic clouds The Arizona Republic / Jon Talton

A small step on the road to Cancún The Economist

An Asian Bond Market? Don't Hold Your Breath Bloomberg William Pesek, Jr.

SEC Comes Down on Former Tyco Auditor / Stephen Taub

Fiscal woes in Hungary are rattling the region NY Times via The International Herald Tribune / Mark Landler

Rise in bond yields hinders blue chips AP via The International Herald Tribune

Could Fed stance spark stock rally? NY Times via The International Herald Tribune / Jonathan Fuerbringer

China booming as foreign direct investment soars Bloomberg via Taipei News

U.S. Treasuries Gain as Yields Near 1-Year High Lure Investors Bloomberg

Despite Scandal, Oil Still a Market Favorite The Moscow Times / Olena Horodetska



Higher interest rates here to stay Inman News / Lou Barnes

Will Republican agenda support revamping real estate closing? Inman News / Marcie Geffner

"Blackouts" Today, "Greenouts" Tomorrow Townhall / Amy Ridenour

Wasteful Spending thwarts recovery Insight On The News / Vanessa Pierce

Gasoline stations shut in blackout areas Reuters via USA Today

Would Jesus raise your taxes? Scripps Howard via The Raleigh News and Observer / Stephen Moore

CO: Seeking a fortune elsewhere The Denver Post / Jennifer Beauprez

CA: 1st-time buyers acquire 37% of houses sold here San Diego Times Union / Emmet Pierce

CA: Housing sales zooming San Diego Times Union / Emmet Pierce and Roger M. Showley

IA: Number of jobless increases in Iowa The Des Moines Register / Patt Johnson

Twilight Zone Economics reg NY times / Paul Krugman

NY: Buffalo Niagara's unemployment rate rises to 6.5% The Buffalo News / Chet Bridger

California recovery would help nation, Buffett says Omaha World Herald / Steve Jordan

FL: Area jobless rate high, but job growth improving  The Florida Times / Mark Basch

Firm that oversees Enron's retirement plans wants judge to order payment of $4 million in fees AP via The Florida Times Union

Canada: Slumping exports weigh on economy, U.S. to the rescue? Financial Post / Jacqueline Thorpe

What Is Buffett's Motivation? LA Times / Tom Petruno and Thomas S. Mulligan

CA: Housing Price Hits Record in July LA Times / Bonnie Harris

Burma favours euros over dollars BBC News

Weak dollar credited for drop in trade gap The Chicago Tribune

Wall St Week Ahead - Bonds to call stocks' tune Reuters via Yahoo / Elizabeth Lazarowitz

U.S. mortgage bond spreads tighter but few trade Reuters via Yahoo

AZ: Unemployment rate in Az. up to 6.1% in July AP via The Tucson Citizen

Politicians squabble over outage's source Knight Ridder via The Kentucky Herald Leader William Douglas

Scientists Had Warned of Weak Power Grid AP via The South Florida Sun-Sentinel / Dafna Linzer and Jim Krane

U.S. deficits seen as chief economic peril Reuters via USA Today

Rising rates take toll on borrowers San Francisco Chronicle / Kelly Zito

On cars, big rebates aren't always big savings USA Today / David Kiley

Buffet can do little for California Orange County Register / Jonathan Lansner

Second-Quarter Economic Profits to Set a Record Bloomberg / Caroline Baum

30-year rate falls Loans lowest since June, down to 6.24% LA Daily News / Gregory Wilcox

Fed Considered Bigger Rate Cut In Late June The Washington Post / John Berry

Help From Buffett & Cos. The Washington Post / Steven Pearlstein

US blackout wreaks massive financial damage AFP via Yahoo

Empire State Manufacturing Survey Federal Reserve Bank of New York

Aug U. Mich consumer survey seen at 91.0 vs 90.9 Reuters via Yahoo

US junk bond funds see $1.2 bln outflow in week Reuters via Yahoo

Why Gray Davis could still get lucky FT / Nelson Polsby

Essentialist Observations Safehaven / Bill Bonner

The Fed Gives Gold Investors a Green Light Safehaven / Steve Saville 

States' problems trouble IMF Reuters via CNN

U.S. July Industrial Production Rises 0.5%; Plant-Use at 74.5% Bloomberg

Fed's Stern says economy's flexibility, resilience helps Dow Jones / Minneapolis – St. Paul Star Tribune

National Grid bonds weaken after U.S. blackout Reuters

Bond Markets Seen Trading Normal Schedule Reuters via The Boston Globe

Suit: Citi Pushed Worldcom Bonds Reuters via NY Post

Russia: Ministry Approves YukosSibneft Merger The Moscow Times

Asian Bond Fund not just a pipe dream The Japan Times / Mayumi Negishi

Japan and Thailand eye bond accord The Japan Times