Bondhead News Archive

December 16 – December 31

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Losing Our Balance / Monica Rivituso

Irrational exuberance redux? CBS Marketwatch / Yiannis G. Mostrous

WI: State's job recovery humming along nicely Milwaukee Journal Sentinel / Joel Dresang

Hurts So Good / Lisa Scherzer

US Treasuries barely budge in Asia after NY losses Reuters

Association Statement on SEC's New Rules for ABS Bond Market Association

Social Security: Crisis? What crisis? CNN / Jeanne Sahadi

Apple iPods can be hard to find AP via USA Today

TX: Foreclosures decline in N. Texas Dallas Morning News / Steve Brown

In Praise of Shoddy Products Ludwig von Mises Institute / Llewellyn H. Rockwell, Jr.

Debt Maturity, Risk, and Asymmetric Information Federal Reserve Bank of Atlanta /  Allen N. Berger, Marco A. Espinosa-Vega, W. Scott Frame, and Nathan H. Miller

Supervisory Insights - Winter 2004 pdf FDIC

Greenspan is Baffled by Economic Stats on Inflation NY Post / John Crudele

Deficit blossoms, but ... Dallas Morning News / Danielle DiMartino

Sustaining the Boom National Review

What Post is Gold Hitched To? via Safehaven

Houses on Steroids? Market Watch / Elliott Wave

Healthier budgets for states in ’05 / Pamela M. Prah

Michigan's jobless rate hits 2004 high Detroit Free Press / John Gallagher

Wal-Mart Purge Cloaked in Mystery NY Post / Suzanne Kapner

FedEx profit triples AP via Globe and Mail

Walgreens to stop taking American Express cards Dow Jones and AP via Spartanburg Herald Journal

Spawning Genius Rude Awakening via Daily Reckoning / Eric J. Fry

Uh-oh! Daily Pfennig via Daily Reckoning / Chuck Butler

Fidelity Disciplines 16 Workers Over Gifts AP via Kansas City Star / Mark Jewell

Shoppers can expect discounts this weekend AP via Beaufort Gazette / Anne D’Innocenzio

Korea: Youth Jobless Rate Rises to 7.3% Korea Times / Lee Hyo-sik

Yukos files for bankruptcy protection in Bush's backyard Guardian / Nick Paton Walsh and Terry Macalister

'Time is running out' Guardian

Trade disputes -- delay is a given Seattle Times / Bill Virgin

Companies Told to Start Expensing Options AP via Newsday / Michael P. Regan

Fannie Mae Pays the Price of Cutting Corners to Look Safe NY Times / Floyd Norris

White House Rolls Out Its Economic Message LA Times / Warren Vieth and Edwin Chen

BOJ May Keep Rates at Zero After Confidence Fell Bloomberg / Mayumi Otsuma

FOMC in Nov said U.S. fiscal discipline needed Reuters

Aiming for a happy medium The Economist

S&P may still cut Fannie Mae subordinated ratings Reuters

U.S. Treasuries Drop the Most in 6 Weeks as Jobless Claims Fall Bloomberg / Robert Burgess

Fannie Mae delays note sale announcement to Friday Reuters

Pimco's El-Erian Says Brazilian Bonds `Best Value' Bloomberg / Jeb Blount and Brian Sullivan

Big Mac index The Economist

Precious metals prices The Economist

Dollar Rises After Current-Account Gap Grows Less Than Forecast Bloomberg / Joshua Krongold and Vivianne C. Rodrigues

The European dreamers The Economist

30-, 15-year mortgage rates fall for second straight week Reuters via USA Today

SC: Data show S.C. lags in economic growth The State / Jim DuPlessis

Bush Says Social Security Accounts to Ease Deficits Bloomberg / Heidi Przybyla

Making poverty history The Economist

Insult and injury The Economist

Business Outlook Survey Federal Reserve Bank of Philadelphia

Goldman reports quarterly earnings up 36% FT / David Wells

Faith In Fannie Forbes / Dan Ackman

Rent or buy? The answer may surprise. CNN / Sarah Max

Housing starts tumble, but ... CNN / Chris Isidore

If the bubble bursts... CNN / Les Christie

Greenspan ‘rejected’ offer to become US Treasury chief FT / Andrew Balls

Yukos Files for Bankruptcy in Houston Moscow Times / Catherine Belton

Dollar Near Record Low After Inflows Data Reuters / Hideyuki Sano

Weak Dollar Sending More U.S. Investors Abroad NY Times / Jonathan Fuerbringer

Rubin Wins Some, Loses Some on Deficit Warnings Bloomberg / Mark Gilbert

NC: Charleston's Citadel Sells Bonds for Barracks Bloomberg / Joe Mysak

Global thinking urged Omaha World Herald / Jonathan Wegner

China's November Fixed-Asset Investment Grows 24.9% Bloomberg / Nerys Avery

India Has Much to Gain by Dumping Dollar Link Bloomberg / Andy Mukherjee

Japan May Sell Fewer Bonds Than Forecast on Tax Gain Bloomberg / Keiko Ujikane and Chris Cooper

NV: Business Blossoming in Las Vegas NY Times / Melinda Ligos

MN: Outlook better in region, survey shows Minneapolis Star Tribune / Mike Meyers

Best Buy shares jump after strong profit report Minneapolis Star Tribune / Thomas Lee


U.S. closes '04 on a 'Goldilocks' note CBS Marketwatch / Rex Nutting

New target market for Mexico's resorts: Mexican-Americans Christian Science Monitor / Danna Harman

UK: Why 2005 will be worth turning up for BBC News / Evan Davis

Colombia Unexpectedly Cuts Overnight Lending Rate Bloomberg / Robert Willis

TX: Higher grapefruit prices leave sour taste for some Houston Chronicle / Lynn Brezosky

Comical Dollar Bearishness Rude Awakening via Daily Reckoning / Tom Dyson

Luxury beckons shoppers AP via Raleigh News and Observer

Deficit reflects import demand AP via Washington Times

U.S. mortgage rates unchanged Friday –BestInfo Reuters

CA: Housing prices in county won't wilt, economist says San Diego Union Tribune / Emmet Pierce

The hunted giant’s last gasp? The Economist

Toys 'R' Us still stocked with toys long gone at Wal-Mart AP via Minneapolis Star Tribune / Anne D'innocenzio

Options, Schmoptions / Donald Luskin

Korea: Asset Management Market Faces Radical Shake-up Korea Times / Kim Jae-kyoung

When priorities just don't add up Philadelphia Inquirer / Andrew Cassel

President says Social Security accounts will be safe venture AP via Myrtle Beach Sun News / Leigh Strope

Underserved Leveraged finance Investors Gain An Ally Bondweek / Marlies Morsink

Treasurys lower amid post-CPI selling CBS Marketwatch / Kate Gibson

JPMorgan to Resume Underwriting Brazilian Domestic Debt Sales Bloomberg / Charles Penty

Bank of New York Rehired by Argentina for Debt Swap Bloomberg / Andrew J. Barden

No longer political suicide? CBS Marketwatch / William L. Watts

New England Economic Indicators Federal Reserve Bank of Boston

TX: What’s Wrong with Houston’s Job Market? Federal Reserve Bank of Houston

Fannie execs could get pink slips Reuters via CNN

Corporate bond investors focus on GM FT / Charles Batchelor

Trade Deficit Up Slightly, Painful Fall Anticipated Forbes / Dan Ackman

Low mortgage rates puzzling Orange County Register / Mary Ann Milbourn

CA: Home prices up, up, up San Francisco Chronicle / Kelly Zito

California home sellers are moving up, not out Orange County Register / Jeff Collins

Where costs will rise in 2005 CNN / Jeanne Sahadi

Crude Oil Prices Rise Above $45 a Barrel AP via Forbes

Retirement Accounts Worth Risk, Snow Says LA Times / Joel Haveman

White House sees healthy economy Reuters via CNN

Flip sides of the coin Rocky Mountain News / James Paton

AOL: Is Half a Billion Enough? Motley Fool via Google News / Bill Mann

Russia Seen 'Heavily' Managing Ruble in 2005 Moscow Times / Marta Srnic

EU opens door to Turkish membership Christian Science Monitor /  Jim Bencivenga

U.S. 10-Year Treasuries Fall After Consumer Price Index Rises Bloomberg / Mark Tannenbaum

US junk bond funds see $149 mln weekly outflow Reuters

JPMorgan to Resume Underwriting Brazilian Domestic Debt Sales Bloomberg / Charles Penty

Consumer prices show modest rise CNN

US rate futures stumble over inflation bump Reuters / Ros Kasny

EU: A lot to swallow The Economist

NY: Area moves closer to setting full-year home sales record Buffalo News / Matt Glynn

CA: Weak Dollar Has a Silver Lining for L.A. Tourism LA Times / Debora Vrana and Ronald D. White

OH: Economist: Construction to remain high Cincinnati Enquirer / John Byczkowski

Fannie Mae's accounting woes may oust CEO Bloomberg via Charlotte Observer / James Tyson and Al Yoon

US deficit widens to $164.7 billion AP via Boston Globe

U.S. Economy Either Sails or Limps Into 2005 Bloomberg / Caroline Baum

Assessing What Will Now Happen to Fannie Mae NY Times / Stephen Labaton

3 Years After Enron, Resistance to New Rules Grows NY Times / Floyd Norris

There's No Other Business Like the Money Business Bloomberg / Chet Currier

Oil Headed for Biggest Weekly Gain Since March 2003 on Demand Bloomberg / Gavin Evans

U.S. November Consumer Prices Probably Rose 0.2%, Survey Shows Bloomberg / Carlos Torres

Shoppers starting late this season Christian Science Monitor / Ron Scherer

U.S. 10-Year Notes May Fall on Concern Inflation Will Quicken Bloomberg / Shamim Adam

Mexico's Working Poor Become Homeowners NY Times / Elisabeth Malkin

Dollar a drag on UK, warns Brown This is London / Michael Clarke

Social Security: Have we missed the wave? Minneapolis Star Tribune / Kara McGuire

Investors Got Asia Right in 2004. And 2005? Bloomberg / William Pesek Jr.

Japan's Bonds Fall; U.S. Labor Market Recovery May Help Exports Bloomberg / Keiko Ujikane

Dollar Heads for Weekly Drop on Concerns Over Investment Flows Bloomberg / Taizo Hirose


What Your Government Is Doing for (to) You Lew Rockwell / Harry Browne

Retailers hoping for last-minute rush CBS Marketwatch / Jennifer Waters

Home Equity Lines -- Convenient, Risky Reuters / Linda Stern

Insiders' selling bit worrisome AP via Modesto Bee / Rachel Beck

FL: Unemployment decreases across Southwest Florida Fort Meyers News Press / Tim Engstrom

If history repeats in China Dallas Morning News / Scott Burns

Gains before the holiday? CNN / Alexandra Twin

Airlines: Can they bounce back? Dallas Morning News / Eric Torbenson

NY: Manufacturing activity up strongly in state Buffalo News / Fred O. Williams

California Sentiment Index Falls La Times / Bill Sing

One year after mad cow, ranchers rejoice in consumer confidence AP via San Diego Union Tribune / Shannon Dininny

Oil Firms' Rich Concessions to Tainted African Ruler Probed LA Times / Ken Silvertein

Bush lowers job-growth forecast for 2005 AP via Buffalo News / Martin Hutchinson

Milken Sees the Classroom as Profit Center NY Times / Riva D. Atlas

CA: Condo's often only option Orange County Register / Hang Nguyen

Bush Vows Not to Ignore Economic Problems AP via Forbes

Prices top $46 per barrel, highest level in two weeks AP via Dallas Fort Worth Star Telegram / Bread Foss

Fed says financial junk mail is useful Washington Times / Tom Ramstack

British tourists go on spending spree This Is London

UK: Hope for bond victims This Is London / Michael Clarke

Australian Dollar Has Weekly Advance as Prices for Coal Double Bloomberg / Chris Young

Dollar's dive takes others with it IHT / Daniel Altman

UK: How to cash in on weakness of dollar versus the pound Scotsman / Conal Gregory

US economy to grow by 3.5 percent in 2005: White House AFP via Turkish Press

White House Predicts Slower Growth in 2005 NY Times / Edmund L. Andrews

Mass. jobless rate down despite dip in positions Boston Herald / Jay Fitzgerald

Confessions of Optimistic, Principled Populists Pimco / Paul McCulley

The amazing shrinking salary IHT / Shelly Emling




I tried to hate Wal-Mart, but I'm hooked Cincinnati Enquirer / Cliff Peale

MO: Forget the series; St. Louis has bragging rights for job growth St. Louis Post Dispatch / David Nicklaus

MN: Mall vacancy rates soar, but demand likely to pick up Minneapolis Star Tribune / Terry Fiedler

Gasoline prices slide 10 cents a gallon CBS Marketwatch / Tom Bemis

Carbon lump of Christmas stocking fame turns to gold Baltimore Sun / Jay Hancock

Dwindling supplies, growing needs Milwaukee Journal Sentinel / Kathleen Gallagher

United stirs a hornets' nest on pensions FT / Caroline Daniel

Mysterious bidder pays $9.4bn for Yukos unit FT / Arkady Ostrovsky

High risk when market is numb to fund inflows Universal Press Syndicate Orange County

Korea: Bank Deposits Fall for 1st Time in History Korea Times / Kim Jae-kyoung

Lump of Coal Awards CBS Marketwatch / Chuck Jaffe

Few brokerages making predictions for 2005 AP via Seattle Times / Michael J. Martinez

Retailers See Little Late Holiday Buying AP via South Florida Sun Sentinel / Anne D’Innocenzio

Only the best will do Bradenton Herald / Tilde Herrera

'Everything on the table' for US tax reform: Snow AFP via Turkish Press

Commerce Department to rule on shrimp imports from South America, Asia AP via Contra Costa Times / Cain Burdeau

Businesses Boost Orders of Durable Goods: U.S. Economy Preview Bloomberg / Carlos Torres

Hedging against decline in value Baltimore Sun / Kenneth Hearney

Many workers find they're priced out Washington Post via Houston Chronicle / Sandra Fleishman

WI: For some, employment would be best gift of all Milwaukee Journal Sentinel / Joel Dresang

Poll: Half of Americans Worry About Debts AP via ABC News and 1st Headlines

The wilting dollar Boston Globe / Naomi Aoki

Snow Sees Spending Slashed in '06 Budget Reuters / Peter Szekely

Unhealthy deficit is the issue San Francisco Chronicle / David Lazarus

Social Security is no game of risk Boston Herald / Cosmo Macero Jr.

Day Trading Makes a Comeback Reuters / Michael Flaherty

Yukos unit fetches $9bn at auction BBC News

In a season for making lists, here's one that isn't so nice Boston Globe / Charles Stein

Big Three still struggle in U.S. sales AP via Cincinnati Enquirer / John Porretto

Electric utilities, too, may benefit Arizona Republic / Max Jarman

Becoming a millionaire not what it used to be Spartanburg Herald Journal / Janet Kidd Stewart

Lots of cash on hand, but dividends remain low Pittsburgh Tribune Review / Gregory M. Drahuschak

On Wall Street, client not always top priority Wall Street Journal via South Florida Sun Sentinel / Ann Davis

Rise in U.S. savings rate may be all but inevitable LA Times via Chicago Tribune / Tom Petruno

CO: Brisk business helps resurrect state's export market Denver Post / Ross Wehner

FL: State unemployment down to 2001 level Orlando Sentinel / Christopher Boyd

Lots of mortgage options? You'll adjust via Orange County Register / Dana Dratch

Protection for home equity LA Times / Kenneth R. Harney

G7 'must now shrink to G5 to avert crisis' Guardian - Observer / Heather Stewart

UK: German invasion - or just a case of market economics? Guardian – Observer / Richard Wachman

UK: Do they know it's Christmas? Guardian – Observer / Sarah Ryle

UK: Kerry slams Bank on BCCI Guardian – Observer / Conal Walsh

The Dollar? It's No Longer Just Our Call NY Times / Jonathan Fuerbringer

Fannie's Fans Must Be in Denial NY Times / Gretchen Morgenson

This year, it's TECH the halls Minneapolis Star Tribune / Melissa Levy

Vodafone contemplates $15bn move on Sprint Guardian - Observer / Richard Wachman

Who's Afraid of China? NY Times / Gary Rivlin

Look Who Hit Pay Dirt in the Nextel Deal NY Times / Patrick McGeehan

Whoops! It's 1985 All Over Again NY Times / Eduardo Porter and Keith Bradsher

How to Build a Nation of Savers NY Times / Daniel Gross

This Season, Taxes May Spoil Your Mutual Fund Party NY Times / Norm Alster

Holiday bonuses smaller, vanishing Detroit News via Arizona Republic / Karen Dybis

Opec cuts could push oil back above $50 mark Guardian - Observer / Heather Stewart


Loss of trust in dollar could be euro's gain Independent / Stephen King

WI: Christmas tree blues Milwaukee Journal Sentinel / Avrum D. Lank

Estonia: Oasis Of Opportunity Forbes

NY: Wal-Mart eyes Brooklyn site NY Daily News / Lore Croghan

The Early-Retiree Problem National Review / Bruce Bartlett

A case against privatizing Social Security CBS Marketwatch / Paul B. Farrell

CA: O.C. not a cheap place for rentals Orange County Register

U.S. mortgage rates unchanged Monday – BestInfo Reuters

Fannie Mae CEO Career Still in Jeopardy Reuters / Mark Felsenthal

Day labor: investors' new dilemma? Christian Science Monitor / G. Jeffrey MacDonald

US Treasury - no plans to bring back 30-year bond Reuters

SEC Targets Pooled Bonds In Louisiana Bond Buyer / Lynn Hume

US Treasuries meander but short end hit by Fed talk Reuters / Ros Krasny

Neglected Patriot Bonds still make sense Christian Science Monitor / Jonathan P. Decker

Gasoline Price Highest Ever at Christmas Reuters / Tom Doggett

Coffee Rally in U.S. Has the Legs to Run Higher Reuters / Rene Pastor

Not the Whole Story, But a Great 'Outline' Market Watch / Elliott Wave

Ups, downs of hedge funds Guerilla Investing via NY Daily News / Peter Siris

Opening new ETF trade routes CBS Marketwatch / John Spence

Everybody thinks stocks are going up Barron’s via Financial Post and Fiend’s Super Bear Page / Michael Santoli

Best performing letters Of 2004 CBS Marketwatch / Peter Brimelow

U.S. Fed policymakers' recent comments Reuters

Global Economy to Undergo Moderate Slowdown in 2005 Korea Times / Kim Jae-kyoung

Korea: Foreign Banks Capture 67% of Derivatives Market Korea Times / Cho Hyung-kwon

Fed's fear may be inflated Dallas Morning News / Danielle DiMartino

Report: U.S. rentals unaffordable to the poor AP via USA Today

US junk bond issuance reaches record FT / Jennifer Hughes

Curve-flattening continues in Treasuries FT / Jennifer Hughes, Charles Batchelor and Mariko Sanchanta

Social Security: Unanswered questions CNN / Jeanne Sahadi

Holiday Shopping via Daily Reckoning / Paul van Eeden

Where are the shoppers? nervous retailers ask AP via USA Today

Crude slides as heating oil price drops FT / Kevin Morrison

Comical Dollar Bearishness Rude Awakening via Daily Reckoning / Tom Dyson

Slow, but Steady Daily Pfennig via Daily Reckoning / Chris Gaffney

Making AT&T Wireless-Cingular merger work will take years Cox News via Seattle Post Intelligencer

'Desperation' discounts expected before Christmas AP via Houston Chronicle

Water Investing Enters The Mainstream Forbes / Peter Kang

Fatter Homes Pricing Out Poor Forbes / Dan Ackman

Bush to Submit Budget Halving Deficit AP via Forbes

Economic Outlook for 2005 Federal Reserve Bank of Richmond / Jeffrey M. Lacker

Weekend sales a disappointment CNN / Parija Bhatnagar

Leading Economic Indicators pdf The Conference Board

U.S. Leading Economic Indicators Rose 0.2%  in Nov. Bloomberg / Courtney Schlisserman

IL: Just like the '90s: IPO fever in Chicago Chicago Sun Times / Howard Wolinsky

CA: Tollways return to sanity  Orange County Register / Jonathan Lansner

The most powerful banker you've never heard of Minneapolis Star Tribune / Chris Serres

Edward Jones agrees to settlement over mutual fund sales practice AP via Philadelphia Inquirer / Jim Salter

Self-interested angel: GE is propping up ailing airlines Wall Street Journal via Minneapolis Star Tribune / Scott McCartney

Dollar doldrums CNN / Paul R. La Monica

Reuters to buy bond data specialist Reuters via IHT

US Treasuries mark time before Fed comments, data Reuters

Shift to Foreign Stocks Sapping the Dollar LA Times / Tom Petruno

Bank warns of risks to growth in East Asia IHT / Carlos Conde

Raines: Fannie Mae Board Meets, CEO Shakeup Possible Forbes / Virginia Citrano

Mortgages closed online with fewer signatures Mercury News / Deborah Lohse

Bush's Social Security Plan Would Fix Nothing Bloomberg / John M. Berry

Bush May Be Borrowing Trouble With Social Security Plan LA Times / Ronald Brownstein

U.S. November Leading Indicators Index Seen Rising, Survey Says Bloomberg / Courtney Schlisserman

Euro Zone Facing a Gloomy Economic Outlook FT via LA Times / Ralph Atkins and Mark Schieritz

U.S. Is Winning Europe's Investment-Banking War Bloomberg / Matthew Lynn

Dollar Falls Against Euro as Traders May Resume Bets on Slide Bloomberg / Jake Lee

U.S. 10-Year Note May Extend Decline on Rate Outlook Bloomberg / Elizabeth Stanton

Sluggish Europe proves Brown's case on currency Guardian / Larry Elliott

UK: Bankruptcies at a six-year low Guardian / Larry Elliott

Japan to Trim Budget Deficit Next Year to Curb Debt Bloomberg / Mayumi Otsuma

U.S. Rogue Nation Image Hurts Dollar in Asia Bloomberg / William Pesek Jr.

Yen May Gain Against Dollar, Euro on Japan's Outlook Bloomberg / Vivianne C. Rodrigues

Yukos auction raises political stakes Guardian / Catherine Belton

NY: Who Bought That Home? Oh, Never Mind NY Times / Nat Ives

Stock market back in the game, modestly Christian Science Monitor / Ron Scherer


2005 Regulation C Asset-size Exemption Federal Reserve Board via Federal Reserve Bank of Atlanta

Betting on cuts in spending Dallas Morning News / Danielle DiMartino

US Treasuries stall in Asia, short paper pressured Reuters

Our Friends the Saudis Daily Standard / Irwin M. Stelzer

Gas $$ at Xmas High Reuters via NY Post

Weak Dollar Lures Travelers to US; Hotels Benefit Reuters / Deena Beasley

New Dallas Fed Chief Not Tolerant of Inflation Reuters

How Nos. Can Hurt Real People NY Post / John Crudele

Bush’s Clear Message National Review / Larry Kudlow

Holiday sales up 2% in last full week of season USA Today via Google News / Lorrie Grant

GM's Debt Crisis Slate via Washington Post / Daniel Gross

EU: Pension demand to boost bonds – Merrill Lynch Investment and Pensions Europe

Slate's prospects at Post Seattle Post Intelligencer

Americans are saving plenty, UW study says Green Bay Gazette / Brian


MO: Metro area unemployment ries in November to 5.9% St. Louis Business Journal

Canada: Lure of cheap mortgages drives up Ottawa's rental vacancies Ottawa Business Journal / Leo Valiquette

Canada: Loonie gains upper hand against greenback Ottawa Business Journal Scary Christmas Rude Awakening via Daily Reckoning / Eric J. Fry

KPMG Audits of FNMA Probed: Report / Stephen Taub

Minimum wage set to rise in five states / Alison L. McConnell

More of the Same Daily Pfennig via Daily Reckoning / Chris Gaffney

Musings: China's Contradictions Maison Placements via Safehaven / John Ing

Next EU chairman demands big nations abandon call for budget freeze AFP via Turkish Press

Gold: Four More Years Maison Placements via Safehaven / John Ing

MA: Study: Mass. workers are rent-poor Boston Herald / Scott Van Voorhis

CO: Foreclosures soar Rocky Mountain News / John Rebchook

IL: Interest rates may take shine off investments Chicago Tribune / Thomas A. Corfman

Jackpot jobs await ex-Congress members Knight Ridder via Detroit Free Press / Matt Stearns

New rumours swirl in Yukos battle BBC News

United's recovery plan called `feasible' AP via Chicago Tribune

Dow closes at highest mark since 2001 AP via Washington Times

Bond funds can help reduce volatility AP via Beaufort Gazette / Meg Richards

S. Florida on pace for record international trade South Florida Sun Sentinel / Doreen Hemlock

Federal Reserve Bank of Dallas Announces New President Federal Reserve Bank of Dallas

Philadelphia Fed Appoints MBNA CEO to Federal Advisory Council Federal Reserve Bank of Philadelphia

Was Job Quality Job One in the Tri-State Region's Economic Recovery? pdf Federal Reserve Bank of Philadelphia / Loretta J. Mester and William Olney

Fisher named president of Dallas Fed Dallas Fort Worth Star Telegram / Dan Piller

Dallas Fed names Fisher its president AP via USA Today

Annual Audit and Reporting Requirements FDIC

Eurozone yields hit four-week high FT / Päivi Munter, Jennifer Hughes and Mariko Sanchanta

Washington Post to buy Slate from Microsoft AP via MSNBC

Report: Raines, Howard out at Fannie Reuters via USA Today

Wholesale coffee prices hit 4-year high Chicago Tribune via Baltimore Sun / John Schmeltzer

Exelon merger creates biggest utility Chicago Sun Times / Mary Wisniewski

2004 Christmas Miracle Seen “from the east” Liberty Whistle / Dan Spillane

Fannie Mae CEO’s halo tarnished Denver Post / Al Lewis

Morgan Stanley 4Q profits up 18 percent AP via Seattle Times / Michael J. Martinez

US Treasuries drift lower in lacklustre trade Reuters

Emerging debt-Tighter amid strong momentum Reuters

Fitch downgrades Marsh & McLennan debt AP via Seattle Times

Gold falls, but holds ground atop $440 CBS Marketwatch / Myra P. Saefong

There's a rocky road ahead in 2005 CBS Marketwatch / Dr. Irwin Kellner

CA: Do the home sales math Orange County Register / Jonathan Lansner

The 12 Disappointments Of Christmas Forbes / Dan Ackman

Shippers snowed under San Francisco Chronicle / Pia Sarkar

Consumer Price Index Is Not Your Father's CPI Bloomberg / Caroline Baum

Stock, Bond Markets Play See You Later, Allocator Bloomberg / Chet Currier

Hedge Funds Shift to Less Risk, More Regulation, Lower Returns Bloomberg / Michael Peltz

Uninspired Shoppers May Wait for January NY Times / Tracie Rozhon

Will Santa Carry Books in His Bag This Year? Bloomberg / Andrew Ferguson

Fannie Mae May Tap Marron as Interim Chairman, Shareholders Say Bloomberg / James Tyson

Second term near, Bush takes stock Christian Science Monitor / Peter Grier

Dollar renews slide on U.S. deficit worries Reuters and AP via IHT

Asia: Strong growth in Asia as China powers ahead AFP via Taipei Times

Wal-Mart and Distance Can Save U.S. Textiles Bloomberg / Andy Mukherjee

UK: Brown faces £10bn tax hike after election Guardian / Larry Elliott

UK: Mortgage bills to soar 27% Daily News via This Is London / Sean Poulter

UK: House prices fall at fastest in 12 years but more buyer interest FT / Friederike Tiesenhausen Cave

UK: MyTravel agrees bondholder deal This is London / Guy Dresser

Auction of Seized Yukos Unit Raises Suspicions NY Times / Erin E. Arvedlund and Steven Lee Myers

Bush to get 'tough' on deficit BBC News

Wall St. Lobby Quietly Tackles Social Security NY Times / Landon Thomas, Jr.

Putin, Schroeder to Talk Business AP via Moscow Times / Tony Czuczka

Disney Settles S.E.C. Complaint on Directors NY Times / Geraldine Fabrikant

Auction Leaves Yukos in Chaos Moscow Times / Guy Faulconbridge, Catherine Belton and Valeria Korchagina



Herald Square Macy's holiday décor kept low-key, limited USA Today / Michael McCarthy

Unhappy new year seen for steel users Milwaukee Journal Sentinel / Rick Barrett

Analyst resistant to gloom Dallas Morning News / Danielle DiMartino

Home (Equity) for the Holidays Texas Hedge Fund Report via Safehaven / T. Stein / S. McIntyre

Keynesian War Stories National Review / Bruce Bartlett

Countrywide writing mortgages for masses Wall Street Journal via Contra Costa Times / James R. Hagerty

Canadian Two-Year Bonds Fall, Pushing Yield Above 3 Percent Bloomberg / Sangeetha Ramaswamy

UK institutions exit gilts – statistics office Investment and Pensions Europe

BondWorks Institutional Advisors via Safehaven / Levente Mady

Korea: Personal Debt Surges to Record High of W502 Tril. Korea Times / Kim Yon-se

Dollar weakens against euro despite upward revision to US growth AFP via Turkish Press

Jumping Into Junk Elliott Wave

SC: Most S.C. counties can borrow at low rates The State

Have Nots Spend, Haves Do Not... What Now? Market Watch / Elliott Wave

Fannie Mae Turmoil Continues After Ousters AP via Forbes and Google News

EU To MSFT: Do It Now, Jetzt, Ahora, Maintenant Forbes / Dan Ackman

Minneapolis Fed Forecasts Continued Expansion in the Ninth District Economy for 2005 Federal Reserve Bank of Minneapolis

Nevada is fastest growing state / Kathleen Murphy

BB-Gun Maker Shuns Christmas Publicity AP via Newsday / Melissa Nelson

Return of SIRT Daily Pfennig via Daily Reckoning / Chris Gaffney

KS: Home permits set record in November Kansas City Business Journal

Barnaby's House Rude Awakening via Daily Reckoning / Tom Dyson

Gold dulls on market climb, U.S. data CBS Marketwatch / Myra P. Saefong

Yen Advances on Speculation Japan to Extend Economic Recovery Bloomberg / Jake Lee

EU court rejects Microsoft appeal Guardian / Mark Tran

Rambus shares fall 15% San Francisco Chronicle / Matthew Yi

US Treasuries slip away, data revisions unsettle Reuters

Dash for Cash Seen Softening U.S. Retail Profits Reuters / Belinda Goldsmith

Holiday Haul Goes to High-End Retailers Washington Post / Nell Henderson

Russell: 'Such a strange market' CBS Marketwatch / Mark Hulburt

GOP-leaning states in line for more Congress seats St. Louis Business Journal

S.C. unemployment increases in November Myrtle Beach Sun

US 30-, 15-year mortgage rates rise in latest week Reuters

Cash Registers Jingle to Wall St. Bonuses LA Times / Thomas S. Mulligan

Hauling in revenue Boston Globe / Keith Reed

Traders are starting to believe in good news Arizona Republic / Russ Wiles

Mortgage applications flat over past week Reuters via MSNBC and 1st Headlines

CO: Bankruptcies break new ground Rocky Mountain News / John Accola

MD: Jobs growth sign that city is back on the ascent Baltimore Sun / Jay Hancock

Solution fitting different problem Philadelphia Inquirer / Andrew Cassel

Plans for paperless bonds shelved Providence Journal via Orange County Register / Neil Downing

UK: Gilt yields down sharply after MPC minutes FT / Päivi Munter

Top '04 Muni Story Is Likely to Be No. 1 Next Year Bloomberg / Joe Mysak

UK's public finances deteriorate Independent / Susie Mesure

UK: IMF backs Brown's economy Scotsman / David Black

Putin hints at China alliance for Yukos oil FT / Arkady Ostrovsky

Jamaica: Retailers: this is no Christmas! Observer / Elizabethe Levy

The you-pick-it present: Gift certificates booming Christian Science Monitor / Ron Scherer

Flow-Of-Funds Stocking Stuffers Northern Trust via Safehaven / Paul Kasriel

Rubberbands and the US Dollar Der Invest Informant via Safehaven / Randolph Buss

UK: IMF tells Brown to rein in spending Guardian / Larry Elliott

Japan's November Exports Rise 13.4%; Surplus Narrows Bloomberg / Lily Nonomiya

TX: Fort Worth Emerges From the Shadows NY Times / David Wethe

Russia: Putin Says He Knows Mystery Buyer Moscow Times / Catherine Belton

UK: More gloom for housing market This Is London / Michael Clarke

`Thaksinomics' Loses its Luster in Asia Bloomberg / William Pesek Jr.


China: Hopes for a soft landing CBS Marketwatch / Kabir Chibber

The changing face of poverty CNN / Octavio Blanco

Out of reach: hot items NY Daily News / Lore Croghan and Phyllis Furman

CA: Record numbers head out for Christmas Long Beach Press / Felix Sanchez

French minister warns on fall of the dollar FT / Peggy Hollinger, Steve Johnson in London, and Jennifer Hughes

A Merry Corporate Christmas National Review / Greg Kaza

Top 10 market stories of 2005 CBS Marketwatch / David Callaway

Weak Dollar in 2005 Will Get Worse Before Better Reuters / Kevin Plumberg

Hedge funds go mainstream CBS Marketwatch / Alistair Barr

Health Care Analysts See Bleak Outlook for Hospitals NY Times / Reed Abelson

Fresh blow for Fannie as Fitch lowers rating FT / Jenny Wiggins

Treasurys off in the midst of U.S. data CBS Marketwatch / Kate Gibson

UK: Economy growth faster than expected Guardian / Mark Tran

Charles Schwab to Sell Big Board Seats AP via NY Times

Financial forecasts that missed the mark Chicago Sun Times / Mary Wisniewski

The Box of Money Rude Awakening via Daily Reckoning / Eric J. Fry

NC: Winston-Salem wins the computer plant; Dell will get $37.2 million more incentives Raleigh News and Observer / Amy Martinez

We Do It To Ourselves / Lisa Scherzer

Imbalance worries economist Dallas Morning News / Danielle DiMartino

New home sales tumble CNN / Chris Isidore

30-year, 15-year mortgage rates climb AP via Dallas Morning News

Auto Sales Likely to Rebound in December AP via Baltimore Sun / John Porretto

Fannie Mae's Government Perks Likely to Survive, Lawmakers Say Bloomberg / Jeff Bliss

A Spinning Yukos Goes (Almost) Full Circle Forbes / Dan Ackman

Crude Oil Prices Settle Near $44 a Barrel AP via Baltimore Sun

Venezuela Leads Emerging-Market Bond Rally on Oil Bloomberg / Andrew J. Barden

Gilt yields at 17-month low on dovish talk FT / Päivi Munter and Jennifer Hughes

Putin Defends Yukos Oil Assets Purchase AP via Forbes

Who Doesn’t Have Health Insurance and Why Federal Reserve Bank of Dallas

Cheap Money Trumps Sea of Negatives for Bonds Bloomberg / Caroline Baum

US Treasuries subdued even though inflation benign Reuters / Wayne Cole

SEC Says Brokers Can Be Advisors Too -- for Now LA Times / Kathy M. Kristof

Here's How You Can Get a Bigger Bonus Next Year Bloomberg / Mark Gilbert

Dollar Falls to Record on View Bush Policy Won't Change in 2005 Bloomberg / Jake Lee

Impulse buys plague last-minute shoppers AP via Chicago Tribune / Stephanie Stoughton

Consumers keep a tight grip on their wallets AP via Houston Chronicle

Analysts don't expect Fannie Mae woes to affect mortgage rates AP via Arizona Republic / Martin Crutsinger

Mortgage Applications Unchanged Last Week Reuters via LA Times

Free land in the heartland CNN / Sarah Max

CA: O.C. home sales lagging state, Realtors group says Orange County Register / Hang Nguyen

PA: High vacancy rates plague Downtown offices Pittsburgh Tribune Review / Ron DaParma and Sam Spatter

High Pay at Fannie Mae For the Well-Connected Washington Post / Albert B. Crenshaw

China in Line as U.S. Rival for Canada Oil NY Times / Simon Romero

Fannie Mae, After the Battle of Capitol Hill NY Times / Timothy L. O’ Brien

The Bottom Line on Overhauling Social Security NY Times / Jeff Madrick

Russia: State Company Buys Winner in Yukos Deal NY Times / Erin E. Arvedlund and Simon Romero

UK: Economists hail end of rate hikes This Is London / Michael Clarke

BoE toyed with idea of cutting interest rates Scotsman / David Black

UK: Bank hints at lowering interest rates FT / Chris Giles

Crude Oil Little Changed After Fall on Unexpected Supply Rise Bloomberg / Gavin Evans

Holidays put damper on currency markets Reuters via IHT

EU warns on deficit of Greece IHT / Graham Bowley


Japan produces more autos AP via Globe and Mail

Long-Term Rates Pivotal for World Economy in 2005 Reuters / Mike Dolan

Christmas Eve not the last hurrah CBS Marketwatch / Carla Mozee

FL: Housing market recovers handily Orlando Sentinel / Greg Groeller

U.S. 10-Year Treasury Note Has Weekly Decline as Dollar Falls Bloomberg / Joshua Krongold

If Santa Claus should fail to call... CBS Marketwatch / Mark Hulbert

NV: Few will say weak dollar lifts travel Las Vegas Review Journal / Chris Jones

If Home Prices Plunge, Will Damage Be Worst in Democratic States? NY Times / Floyd Norris

Kmart, Sears Slash Prices to Salvage Sluggish Sales Bloomberg / Rachel Katz

UK: 'Worst Christmas for 25 years' as store sales drop Guardian / Julia Finch

Dollar falls to fresh lows in thin festive trade FT / Darryl Thomson

Dollar hits record low against euro AP via Chicago Tribune / David Rising

Dollar Drops to Record on Speculation ECB Won't Weaken Euro Bloomberg / John Beresford-Peirse

World Markets Close Mostly Higher AP via Forbes

UK: Post Office workers walk out Guardian / Mark Tran

UK: House prices linked to population growth Guardian / Mark Tran

Dealers Defend Their Use of U.S. Muni Consultants Bloomberg / Joe Mysak

Bond Strategists: Pimco Sees Value in Emerging-Market Debt Bloomberg /  Shamim and Richard Blackden

Fannie Mae is undercapitalized Real Estate Gate via Google News

MI: Little engine that couldn't AP via South Florida Sun Sentinel / Sarah Karush

New-Home Sales Plunge in the West LA Times / James F. Peltz

Ex-Fed official sees interest rates rising Bloomberg via Arizona Republic

2004's economy wasn't terrible Philadelphia Inquirer / Andrew Cassel

Mexico: Latin Oil Proves a Mixed Blessing LA Times / Marla Dickerson

Euro's rise raises 'catastrophic' fears Bloomberg via IHT

The Dollar Falls, but the Pain and the Gains Vary NY Times / Edmund L. Andrews

MN: Some shoppers enjoy going down to the wire Minneapolis Star Tribune / John Reinan

Hedge Funds, Once Daring, Trim Their Currency Bets NY Times / Riva D. Atlas

Tough Times at U.S. Makers of Auto Parts NY Times / Danny Hakim and Jeremy W. Peters

Taiwan, Singapore Dollar, Thai Baht Poised for Weekly Advance Bloomberg / Christina Soon

Putin Defends State Takeover of Yugansk Moscow Times / Catherine Belton and Greg Walters

Is U.S. house-price boom at a risky point? IHT / Floyd Norris

Accustomed to excess, Japan faces a shortage NY Times via IHT / Todd Zaun and Wayne Arnold

S. Korea's 4th-Qtr Consumer Confidence Falls to Four-Year Low Bloomberg / Sangim Han

Who'll Be James Dean of Dollar's `Chickie Run'? Bloomberg / Andy Mukherjee

Euro soars to new high as dollar takes a pounding Telegraph / Malcolm Moore



From Foreclosure to the Cleaners Washington Post / Sandra Fleishman

TX: Forecast calls for hiring gains – but no explosion Dallas Morning News / Steve Quinn

TX: SBA loans popular for small-business growth San Antonio Express Courier / Analisa Nazareno

Toys R Us strategy may lure bidders Bloomberg via Philadelphia Inquirer / Andria Cheng

Hedge Funds Banking on Social and Moral Issues Washington Post / Thomas M. Kostigen

Euro Panic Over $ Fall NY Post / Paul Tharp

Japanese 20-Year Bonds Have Weekly Gain on Nomura Index Change Bloomberg / Keiko Ujikane

Finance: the Deal on Home Equity Lines Reuters / Linda Stern

Economy lengthens its holiday Dallas Morning News / Scott Burns

NC: Post-holiday sales play new role Raleigh News and Observer / Jean P. Fisher

European 10-Year Government Bonds Gain for Fourth Week in Five Bloomberg / John Beresford-Peirse

Once Again Part of Europe, Poland Ponders the Euro NY Times / Carter Dougherty

Many boomers not really prepared to retire CBS Marketwatch via Orange County Register

You should be saving 10%, more Baltimore Sun via Akron Beacon Journal / Eileen Ambrose

Housing bubble ready to burst in Southern California Chicago Sun Times via Wichita Eagle / Mary Umberger

Insurers Back U.S. Oversight LA Times / Kathy M/ Kristof

Health savings accounts on rise Chicago Tribune / Bruce Japsen

Airport traffic level in November Morning Call / Jeanne Bonner

Minimum wage in Washington goes up to $7.35 Seattle Times / Shirleen Holt

Inns near empty now in Jesus' birthplace Washington Times

Sales soar at Christian stores Florida Today via Journal News / Tom Breen

Meet the Procrastinators (You Know Who You Are) NY Times / Cate Doty and Rachel Thorner

For some shoppers, it's never too late Chicago Tribune / Bonnie Miller Rubin

It's not too late to hunt for gifts Akron Beacon Journal / Mary Ethridge


Report: Oil minister say extra capacity on hand Reuters / August Cole

Latest Grinch has dollars, may live in China Houston Chronicle / Scott Burns

Canadian report can bring U.S. outlook back to reality Dallas Morning News / Daniell DiMartino

Dollar's fall has two sides Dallas Morning News / Katherine Yung

Line Up to Clash in '05 Wall Street Journal / Jeff D. Opdyke

Don't get fooled by high fees Dallas Morning News / Pamela Yip

The holiday tally CNN / Parija Bhatnagar

Caution: Slippery economy Boston Globe / Robert Gavin

A look ahead to the economic future of 2005 Milwaukee Journal Sentinel / Tom Saler

New Men's Magazine for Traders Aims at Big Spenders Reuters / Jan Paschal

CO: Metro homes a tough sell Denver Post / Christine Tatum

CO: As mortgages rise, buyers may fall off Denver Post / Christine Tatum

Adjustable mortgages not good deals, today Wichita Eagle

Boomers object to criticism of lack of saving Akron Beacon Journal / Humberto Cruz

Economist: Most have enough to retire Gannett News via Cincinnati Enquirer / Brian Tumulty

Did Americans underreact to mad cow disease? AP via Myrtle Beach Sun News / Roxana Hegeman

Two U.S. airlines' woes ground more holiday flights Reuters

A strong finish for 2004? CNN / Yuval Rosenberg

An outraged turn of the Scrooge Denver Post / Al Lewis

CO: Hummer owners fuel rage in others Denver Post / Steve Raabe

Paycheck has yet to make recovery Chicago Tribune / Barbara Rose

What's next for the economy? AP via Winston Salem Journal

Discovering gold's prospects Pittsburgh Tribune Review / Thomas Olson

Consumer Confidence Rebounds This Month: U.S. Economy Preview Bloomberg News / Joe Richter

NY: Economy in good shape despite bonus woe NY Daily News / William Sherman

NY: Consensus of local advisers is that Dow will rise 8% in 2005 Buffalo News / David Robinson

U.S. Retailers Cut Prices After Christmas AP via Newsday / Anne D’Innocenzio

Funds that were ripe for burial CBS Marketwatch / Chuck Jaffe

Can Wall Street's rally last? AP via Seattle Times / Rachel Beck

MD: Homing in on securities linked to house market Baltimore Sun / Jay Hancock

Dollar slide boosts luxury home sales LA Times

Time to leave your ARM, switch to low fixed rate Philadelphia Inquirer via Omaha World Herald / Jeff Brown

Kremlin takes back control of Yukos Telegraph / Sylvia Pfeifer

What will flow after big oil? Guardian - Observer

Want to Retire Early, It May Take Some Work NY Times / J. Alex Tarquino

The Land of Lame Ducks NY Times / Sharon Waxman

At Fannie, the Ties That Blind NY Times / Gretchen Morgenson

From Aw-Shucks to Cutthroat: Southwest's Ascent NY Times / Micheline Maynard

An Apology May Be Just the Start for Citibank Japan NY Times / Todd Zaun

Before Slicing, Make Sure That the Pie Is Big NY Times / Paul J. Lim

UK: Rising debt spurs bankruptcy warning Evening Standard via This Is London / Jane Padgham

UK: All that glisters not golden for chastened Chancellor Guardian / William Keegan

Economic Rally for Argentines Defies Forecasts NY Times / Larry Rohter

China Expands. Europe Rises. And the United States . . . NY Times / Fred Kaplan


One man's retirement math: Social Security wins Christian Science Monitor / David R. Francis

Writing on the wall UPI via Insight on The News / Martin Hutchinson

US Treasuries flat in Asia in thin trade Reuters

Another New Record! Daily Pfennig via Daily Reckoning / Chuck Butler

Mass Chemical-Induced Psychosis Mogambo Guru via Daily Reckoning / Richard Daughty

Health costs soar NY Daily News / Tom Van Riper

Food dollar leaves home Washington Times / Donna De Marco

TX: Still A Bargain Dallas Fort Worth Star Telegram / Andrea Jones

U.S. mortgage rates rose Monday – BestInfo Reuters

2004: Business year in review BBC News / Martin Webber

Toys R Bust NY Post / Paul Tharp and Matthew Sweeney

Holidays Not So Merry for Some Clothing Retailers Reuters / Reshma Kapadia

Cautious Optimism NY Post / Christopher Byron

Time to follow crude's new pattern CBS Marketwatch / Tomi Kilgore

Fur Flies Off Store Shelves Bloomberg via NY Post

The Lesson of Thrift National Review / Donald Luskin

Europeans costing American companies UPI / Donna Borak

When bullets fly, some firms swoop in Christian Science Monitor / Clayton Collins

Options coming into light Dallas Morning News / Danielle DiMartino

A Good Season for Online Sales NY Times / Bob Tedeschi

This year, a happy return Dallas Morning News / Scott Burns

Haves and Have Nots, & Spending Money: What’s Next? Elliott Wave

Money matters for airline passengers Newsday / James Bernstein

Amazon trumpets record Christmas BBC News

Forced-out CEO of mortgage giant to get $114,000 a month for life AP via Seattle Times / Laurie Kellman

Outsourcing of U.S. jobs: Bad or good? Seattle Post Intelligencer / Judy Olian

Emerging debt-trade in ranges in thin holiday season Reuters

U.S. Treasuries Decline on Signs of Retail Growth, Dollar Slump Bloomberg / Joshua Krongold and Vivianne C. Rodrigues

Hedge fund buying spree raises worries Bloomberg via Miami Herald / Monee Fields White and Vivianne C. Rodrigues

FL: Outlook rosy in 2005 for residential, commercial real estate South Florida Sun Sentinel / Robyn Friedman

Retiring workers face health cost quagmire Detroit Free Press / Kim Norris

Washington Fiddling While Private Retirement Burns Bloomberg / John Wasik

Paying back the $1.5T 'surplus' CNN / Jeanne Sahadi

Sickly dollar dives against euro FT / Ivar Simensen and Jenny Wiggins

Dollar Falls to Record $1.36 per Euro as U.S, ECB Allow Decline Bloomberg / Mark Tannenbaum and Jonas Bergman

U.S. Treasuries Fall on Speculation Dollar Slide to Curb Demand Bloomberg / Jonas Bergman and Joshua Krongold

A Word From A Dollar Bear Forbes / Robert Lenzner and Daniel Kruger

Dollar hits new low versus euro BBC News

Oil Prices Drop More Than Half a Dollar AP via Forbes

Strong euro supports government bond prices FT / Charles Batchelor

Giant waves damage S Asia economy BBC News

Wide-awake giant will shake west's strategy Guardian / Larry Elliott

Europe's tolerance is wearing a bit thin Minneapolis Star Tribune / Ronald M. Bosrock

Oil May Fall as Mild Weather Cuts U.S. Fuel Use, Survey Shows Bloomberg / Mark Shenk

Colombia May Scrap Plans to Sell International Bonds in 2005 Bloomberg / Robert Willis

Just How Old Can He Go? NY Times / Steve Lohr

Airlines' Woes May Be Worse in Coming Year NY Times / Micheline Maynard

Dollar Heads for Worst Quarter Versus Euro in More Than 2 Year Bloomberg /

U.S. 10-Year Note May Drop on Forecasts for Fed Rate Increases Bloomberg / Mark Tannenbaum



Tech firms may balk at change Dallas Morning News / Danielle DiMartino

Investors Get Holiday Gift From Consumers Washington Post / Jerry Knight

US Airways clamps down on employees AP via CNBC and 1st Headlines

Holiday shopping: The verdict's not in CBS Marketwatch / Dan Burrows

S. Florida prices for homes are going up, up and up Miami Herald / Gregg Fields

NY: Real estate sales, prices climb in New York Inman News

FL: Boom creates jobs, but leads to low pay Miami Herald / Patrick Danner

Janus to offer new mutual funds AP via Miami Herald

Bond sales about same as '03 Bloomberg via Philadelphia Inquirer / David Russell

Russia and China forge new military ties Christian Science Monitor / Tom Regan

Once a Backwater, Slovakia Surges NY Times / Matthew Reynolds

Quake's economic costs emerging BBC News

Relief effort for Asia builds CNN

Even drug dealers are giving up on the dollar The Slate / Daniel Gross

Dead President Bounce Rude Awakening via Daily Reckoning /Eric J. Fry

The Paper Standard Forbes / James Grant

Colombia's Peso Falls on Speculation Bank Will Sell Currency Bloomberg / Robert Willis and Jennifer Coogan

U.S. mortgage rates unchanged Tuesday – BestInfo Reuters

Consumers Feeling Fine / Igor Greeenwald

Gold Falls From Two-Week High as Dollar Rebounds From Record Bloomberg / Choy Leng Yeong

Oil snaps five-session losing streak CBS Marketwatch / Myra P. Saefong

Fannie Mae: KPMG offered criticism after others Reuters

The Dark Side Of the Globe Forbes / Jerry Flint

American Airlines lowers fuel surcharge St. Louis Business Journal

Imperfectly Frank / James B. Stewart

Raines’ Farewell: $26M+ NY Post / Paul Tharp

Tourism to Cuba up 8 per cent despite US travel restrictions AP via Jamaica Observer

Beltway Bandits’ Storm $615B Deficit Snow Job NY Post / John Crudele

Charged today, tapped out tomorrow? CNN / Parija Bhatnagar

U.S. Retailers' Sales Rise 4.3 Percent Christmas Week Bloomberg / Rachel Katz

New Year rings in many new state laws / Kathleen Murphy

U.S. Treasuries Fall as Consumer Confidence Rises, Dollar Drops Bloomberg / Joshua Krongold and Elizabeth Stanton

How to Save the Dollar Ludwig von Mises Institute / Katy Hardwood Delay

All together now The Economist

Unquotable The Economist

Canada: Doubt not the deficit Financial Post / James Knight

CA: Where home prices go next Orange County Register / Jonathan Lansner

The Conference Board’s Consumer Confidence Index Rebounds In December Conference Board

Consumer Confidence Highest in 5 Months ABC News via 1st Headlines

Slump in Oil Likely to Pull Gas Lower LA Times / Elizabeth Douglas

Where the skies are cloudy all day Chicago Tribune / Mark Skertic

News may not be good, but at least it's normal Chicago Tribune / Bill Barnhart

UK: Homely solution to the offshore exodus Guardian / Jill Treanor

Yen Set for Longest Winning Streak Since 1971 in 2005 Bloomberg / John Brinsley

Euro's record high set to hinder recovery Guardian / David Gow

Japan's Nov. Industrial Output Rises on Autos, Chips Bloomberg / Tim Kelly

Holiday may bust airline Pittsburgh Tribune Review / Steve Halvonik and Jim Ritchie

Retail in Review: More Bah Than Sis-Boom NY Times / Tracie Rozhon

Jobs forecast sees more 'help wanted' signs across US Christian Science Monitor / Ron Scherer

Hiring in 2005 set to improve CBS Marketwatch / Andrea Coombes

That Line at the Ferrari Dealer? It's Bonus Season on Wall Street NY Times / Jenny Anderson

Tsunami Adds to Asia's $413 Bln Natural Damage Bloomberg / Andy Mukherjee

Mutual-Fund Stars Eveillard, Mairs Bow Out on Top Bloomberg / Chet Currier

Hands Off the Electoral College Lew Rockwell / Rep. Ron Paul, MD

Bush Expected To Delay Major Tax Overhaul Washington Post /  Jonathan Weisman and Jeffrey H. Birnbaum

Democrats Might Look South for Party's Revival Bloomberg / Andrew Ferguson

Fannie Mae to Review Pay Packages of Ex-Officials NY Times / Riva D. Atlas


Vexing issues await states, new leaders in 2005 / Pamela Prah

Absurd Report On Drug Prices Clouds the Issue Washington Post / Steven Pearlstein

Jolt from charge cards New York Daily News / Deborah Kolben and Frank Lombardi

Russia: Business climate frosty Houston Chronicle / Lynn J. Cook

Small wonders Economist

Confidence game reels faithful in Dallas Morning News / Danielle DiMartino

AZ: Weak dollar a strong lure Arizona Republic / John Stearns

A Forecast to Light Up the New Year Futures Focus / Elliott Wave

An Additional Look at 2005 Gillespie Research via Safehaven / Douglas R. Gillespie

Shades of the Dollar Standard via Safehaven / Hans F. Sennholz

Instead of pushing econoboxes, companies plan small-but-cool entries USA Today via Tucson Citizen / Chris Woodward

IA: Hog Heaven Des Moines Register

Canada: Thomson completes sale of debt securities in Canada Lexpert via Financial Post

Hello? Is anyone there? Raleigh News and Observer / Karin Rives

Forecasters See Slower Growth in 2005 AP via Chicago Tribune / Martin Crutsinger

Bond market mystifies AP via Raleigh News and Observer / Rachel Beck

Ever higher society, ever harder to ascend The Economist

In search of a golden egg The Economist

NASD disciplinary fines triple in 2004 CNN

Plumbing the depths The Economist

A year of huge challenges The Economist

Mortgage loan payments might pile up the risks Detroit Free Press / Susan Tompor

CA: Forecast for 2005: More fights over water on horizon AP via San Diego Union Tribune / Jim Wasserman

Mortgage Bonds Go Global, End 2004 on High Note Reuters / Julie Haviv

U.S. Treasuries slip as latest debt auction flops Reuters

US corp bond sales seen flat after strong year Reuters / Dena Aubin

Good news and bad news CNN / Paul R. La Monica

Taxable money funds see $3 billion weekly inflow Reuters

SC: State investments yield big returns The State / Jim Davenport

Mortgage rates up this week but near record lows for year AP via USA Today

Gold closes more than $8 lower CBS Marketwatch / Myra P. Saefong

Oil Prices Rise After Saudi Arabian Blast AP via Chicago Tribune / Brad Foss

Don't get burned chasing hot numbers CBS Marketwatch / Chuck Jaffe

Dollar at new low as bearish mood persists FT / Steve Johnson

Mortgage rates hit 30-year low Silicon Valley Business Journal

MA: Fewer jobs, more offices - Hub's towers 20 percent empty, worst rate in 25 years Boston Herald / Scott Van Woorhis

NY: Weak dollar paves way for B'way NY Daily News / Daniel Dinaief

FL: Holiday crowds are filling theme parks to capacity Orlando Sentinel / Sean Mussenden

CA: O.C. unemployment rate lowest among metro areas Orange County Register

Inflation Disinformation Benson's Economic & Market Trends via Safehaven / Richard Benson

Fannie Mae Considering $4 Bln Preferred Stock Sale Bloomberg / Al Yoon

Huge payout to ex-Fannie Mae CEO could spark investor lawsuits Chicago Tribune via Baltimore Sun / ameet Sachdev

Look to West, South for Future of the Muni Market Bloomberg / Joe Mysak

Record home sales rate CNN

Yen Falls to Record Versus Euro; Japan May Sell Its Currency Bloomberg / Mark Tannenbaum

Bipartisanship or Rashness on Social Security? Bloomberg / Gene Sperling

Needing Cash, Veterans Sign Over Pensions NY Times / Diana B. Henriques

Small Wineries Being Acquired by Big Names NY Times / Frank Prial

Oil tycoon reinvents himself as dissident Guardian via Google News / Nick Paton Walsh

Russia: Khodorkovsky: Thank You to Prison Reuters via Moscow Times / Tom Miles

South Korean Nov. Industrial Output Rises 2.2 Percent Bloomberg / Meeyoung Song

A Year for Asia to Remember -- and Forget Bloomberg / William Pesek Jr.

A rude ’05 awakening for Germans IHT / Carter Dougherty



TN: Tourism dollars flow in from across the pond Tennessean / Richard Lawson

IMF says expensive energy is here to stay Guardian / Larry Elliott

Oh, the places our dollars go Dallas Morning News / Danielle DiMartino

Hedge funds are changing Raleigh News and Observer / Frank Norton

Oil to Reappear on U.S. Investors' Radar in 2005 Reuters / Anupama Chandrasekaran

Wall Street Bears Look to '05, Nurse '04 Wounds Reuters / Michael Flaherty

Taiwan Central Bank Lifts Key Interest Rate to 1.75% Bloomberg / James Peng

The Fed’s Folly Lew Rockwell via Fiend’s Super Bear Page / Scott M. Rosen

Barreling Ahead into 2005 National Review / Larry Kudlow

Go-ahead for Argentine debt swap BBC News

Shining The Light On Gold Market Watch / Elliott Wave

U.S.–Mexico Trade: Are We Still Connected? Federal Reserve Bank of Dallas

TX: Regional Update Federal Reserve Bank of Dallas

FL: Prices, Sales of Homes Still High Fort Meyers News Press / Dick Hogan

IL: From scandals to bankruptcies, year took a lot out of Chicago Chicago Sun Times / Eric Herman

FL: Trucker Shortage Could Slow Companies' Growth Jacksonville Business Journal via MSNBC / Tony Quesada

State unemployment taxes to jump by 10% on average in '05 Cincinnati Business Journal / Kent Hoover

EBay Continues To Dominate Online Retail Forbes

Quake an opportunity for Bush Insight On The News / Roland Framini

Korea's Exports Exceed $250 Bil. Korea Times / Kim Sung-jin

Corporate Bankruptcies Reach a 10-Year Low Bloomberg via LA Times

Cheaper clothes on way as quotas end CBS Marketwatch via 1st Headlines / Corbett B. Daly

Steel stocks fall after report on new China threat CBS Marketwatch / Padraic Cassidy

Dollar wobbles as business survey disappoints FT / Steve Johnson

Pound falls as lending for homes slows down FT / Steve Johnson and Scheherazade Daneshkhu

CA: How Just a Handful of Setbacks Sent the Ryans Tumbling Out of

Prosperity LA Times / Peter G. Gosselin

NY: Manhattan wages higher Newsday / Randi F. Marshall and Tania Padgett

Bush signs order to raise fed workers' pay AP via USA Today and 1st Headlines

SEC eyes J.P. Morgan role in Canary trades CBS Marketwatch / Kathie O’ Donnell

Who Forgot China? Daily Standard / Tom Donnelly

New mad cow shock CP via Toronto Star

MA: Homes boom thunders on: State's up, and Nov. numbers set U.S. record Boston Herald Jerry Kronenberg

U.S. 10-Year Treasury Rises After Manufacturing Index Drops Bloomberg / Robert Burgess

US Treasuries rally on soft Chicago PMI jobs Reuters

Ousted CalPERS head lashes out AP via Mercury News / Jim Wasserman

Incomplete Markets and Trade Federal Reserve Bank of Boston / Paul Willen

US Holiday Online Shopping Up 24 Pct Reuters

New euro chief takes helm facing currency's surge AFP via EU Business

Reforming Social Security a challenge Pittsburgh Tribune Review / Jack Markowitz

AARP fights Social Security plan: NYT CNN

U.S. Initial Jobless Claims Fell Last Week to 326,000 Bloomberg / Carlos Torres

Unemployment Insurance Weekly Claims Report U.S. Dept. of Labor

Dollar Set for Longest Decline Since Louvre Accord Bloomberg / Joshua Krongold

Sears, Kmart Merger May End With a Giant Closeout Bloomberg / David Pauly

How the 2005 economy could affect Bush's big plans Christian Science Monitor / David T. Cook

Deutsche: Yukos Has No Case AP via Moscow Times / Kristen Hays

Forget OPEC. The next cartel may export drinking water. Christian Science Monitor / Mark Clayton

The Consequences of the 1960's Race Riots Come Into View NY Times / Vitginia Postrel

NT dollar rises to a four-year high against greenback Bloomberg and Taipei Times

Coming in '05: Mobile Service From AT&T (Via Sprint) NY Times / Ken Belson

Fannie Mae CEO rose high, fell hard Bloomberg via Minneapolis Star Tribune / James Tyson and Mark Jaffe

Strong cleans up its act Minneapolis Star Tribune / Chris Serres

Morgan Stanley Grabs Top Spot for Asian Mergers Advice in 2004 Bloomberg / Khoo Hsu Chuang and Jag Dhaliwall

UK: Mortgage approvals sink to level of mid-90s Guardian / Heather Tomlinson

Tsunami Response Offers Asia Market Clues Bloomberg / William Pesek Jr.

China will shake West's strategy Guardian via Taipei Times / Larry Elliott

Japanese Bonds Have Worst Performance Among Government Debt Bloomberg / Keiko Ujikane

Hedge Funds May Falter and Lloyds May Be Sold Bloomberg / Matthew Lynn

Euro hits new record high for fifth day in row Big News Network

Current-account balances The Economist

UK: Population growth to power house prices This Is Money / Jamie Milne



China joins confusion surrounding Yukos unit NY Times via IHT / Steven Lee Myers

'Mr. Euro' in the spotlight IHT

Russia approves Pacific pipeline BBC News

Weak dollar a plus for resorts AP via Salt Lake Tribune / John Miller

UK: Forecasters see 10% growth in FTSE next year City Wire / Lorna Bourke

Treasuries edge up on last day of go-nowhere year Reuters / Pedro Nicolaci da Costa

US corp, junk bond issuance sets record in 2004 Reuters

US mortgage bond issuance at $729.3 bln in 2004 Reuters

Is the Appetite Waning? Daily Pfennig via Daily Reckoning / Chuck Butler

America's Creativity Crisis Thoughts From The Frontline via Safehaven / John Mauldin

Cosmic Dodgeball Rude Awakening via Daily Reckoning / Eric J. Fry

Holiday Shopping Kitco via Daily Reckoning / Paul van Eeden

U.S. culture of debt roils economist debate Boston Herald / John Strahinich

Won Currency Soars to 85-Month High Korea Times / Lee Hyo-sik

2004 asset-backed supply at $856.7 bln-Thomson Reuters

Is the US too 'stingy'? Christian Science Monitor / Tom Regan

China's president says government to push economic growth, seeks larger role in world affairs AP via San Diego Union Tribune / Stephanie Ho

Buffett firm helps with SEC probe BBC News

Dollar ends 2004 at nine-year low USA Today

Friday's money rates AP via Seattle Post Intelligencer

Foreign bonds, high-yield pace '04 run CBS Marketwatch / Rachel Koning

U.S. 10-Year Treasury Note Rises, Pulling Out Gain for the Year Bloomberg / Joshua Krongold

European Bonds May Beat Treasuries Again Next Year Bloomberg / Rodrigo Davies

'05 unlikely to see '04 growth AP via Detroit Free Press / Martin Crutsinger

AZ: Valley housing industry rockets Arizona Republic

NY: Economy growing , but lags nation Newsday / Randi F. Marshall

Aloha Airlines Files for Chapter 11 AP via Forbes

Bond market leaves many investors with a sense of déjà vu Chicago Tribune / Bill Barnhart

Turkey lops 6 zeros off currency AP via Orlando Sentinel / Louis Meixler

“Baby New Year 2005” Set to Deliver Knockout Punch Liberty Whistle / Dan Spillane

Dollar Falls Against Yen; Posts Third Straight Annual Decline Bloomberg / Jake Lee and Mark Tannenbaum

Government-Enhanced Disaster Ludwig von Mises Institute / Timothy D. Terrell

TX: Buying and building make for a strong year Dallas Morning News / Steve Brown

Average-Wage Earners Fall Behind Washington Post /  Jonathan Krim and Griff Witte

America's Boom Is It Sustainable? Fiends Super Bear Page / Aubie Baltin

The Concerned Citizens' Guide to U.S. Public Finance Bloomberg / Joe Mysak

Buffett Probed NY Post / Holly M. Sanders

Coffee May Rise in 2005 on Demand for Lattes, Smaller Crops Bloomberg / Claudia Carpenter

John Maynard Keynes Misses Out on China Rise Bloomberg / William Pesek Jr.

A New Year's Stock Story So Dumb It Might Be Wise Bloomberg / Chet Currier

New Year Brings Even Bigger White-Collar Trials Bloomberg / Ann Woolner

UK: Card debts creating 'mortgage timebomb' Daily Mail via This Is London

Strong Dollar in Canada Is Squeezing Its Economy NY Times / Ian Austen

The Year on Wall Street: Treating Investment Bankers Like Bartenders NY Times / Floyd Norris

Population Growth Affects America's Political Future Newsmax / Joseph A. D’Agostino