Bondhead News Archive

May 16 – May 31

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HSAs double in six months, surpassing 1 million mark Washington Business Journal / Kent Hoover

Free trade has been a blessing Dallas Morning News / Danielle DiMartino

Fed's Kohn sees low inflation, but higher rates Reuters / Tim Ahmann

Bond Issuance Rises From Last Quarter Bond Market Association

Hollywood's founder: Yes, I'd buy Blockbuster Dallas Morning News / Maria Halkias

Young workers face a harsh tax reality Dallas Morning News / Scott Burns

Fund trader calls Sihpol 'point person' Reuters / Jonathan Stempel

FDIC Board Votes to Maintain Premium Rates for Banks and Thrifts FDIC

Dollar slips as US capital inflows disappoint FT / Peter Garnham

Canadian dollar loses more ground as US continues to strengthen CP via / Malcolm Morrison

Crude falls on latest OPEC view CBS Marketwatch / Lisa Sanders

U.S. capital inflows slow in March CBS Marketwatch / Rex Nutting

Currency report goes to Congress Tuesday Reuters / Glenn Somervlle

Prices at pump lowest in weeks Reuters via CNN

Riskiest U.S. debt posts double-digit losses Reuters / Dena Aubin

Real Men Trade the Long Bond Institutional Advisors via Safehaven / Bob Hoye

Seeing the Wood from the Trees Gold Investments via Safehaven / Mark O'Byrne

MCI board members survive protest vote AP via Denver Post

How fund issues affect investors Reuters / Linda Stern

Making a Market for Stock Options / Ed Zwirn

Senate backs innovative transportation bonds CBS Marketwatch / Elana Schor

Pension time bomb Jewish World Review via Newsmax / George Will

What's Spooking the Street Business Week via MSN / AMey Stone

Metals weaken to start, then stabilize CBS Marketwatch via Google News / Mike Maynard

Realtors Face U.S. Probe of Bylaw LA Times / Annette Haddad

Morgan Stanley loses Perelman case AP via USA Today

Over 50 and Out of Favor LA Times / Meg James

Can Buyout Funds Find Homes for All That Money? Bloomberg / Matthew Lynn

CA: O.C. housing-price record: $576,000 Orange County Register

Venezuela's Oil Production May Be Below Estimates Bloomberg / Peter Wilson

Dollar Falls on Slower Foreign Purchases, Drop in Factory Index Bloomberg / Michael McDonald

Basel II Federal Reserve Board / Mark W. Olson

UK: Report warns of slowdown in economic growth PA via Guardian

SEC Targets Pensions Forbes / Neil Weinberg

Chrysler to end 7 year/70,000 warranty CNN via 1st Headlines

Wages Begin to Outpace Inflation as U.S. Labor Market Tightens Bloomberg / Art Pine

Agencies Issue Credit Risk Management Guidance for Home Equity Lending Federal Reserve Board

United States: Credit Crunch? Morgan Stanley / Richard Berner

Euroland: Budgets Approaching a Stress Point Morgan Stanley / Vincenzo Guzzo

UK: Where Might Household Wealth and Spending Be Going? Morgan Stanley / David Miles, Melanie Baker, and Vladimir Pillonca

Banknorth quarterly earnings fall sharply Reuters

Empire State Manufacturing Survey Federal Reserve Bank of New York

New York Fed's Factory Index Unexpectedly Contracts Bloomberg / Victor Epstein

Crude Oil Futures Continue to Slide AP vi Baltimore Sun / Wee Sui Lee

Qwest eyeing MCI again? CNN

Hey, `South Park' Guys! Come to Shanghai! Bloomberg / William Pesek Jr.

Newspapers, on the hunt for readers, think smaller IHT / Eric Pfanner

Can Buyout Funds Find Homes for All That Money? Bloomberg / Matthew Lynn

China's Inflation Slows to 1.8%, an 18-Month Low Bloomberg / Nerys Avery

Why That Doggie in the Window Costs a Lot More Than You Think NY Times / David Leonhardt

MI: Detroit bond rating lowered Crain’s Detroit Business / Robert Ankeny

U.S. Notes May Gain on Optimism Inflation Is In Check Bloomberg / Elizabeth Stanton

UK: Housing sector heading for worst year in a decade as deals dry up Independent / David Prosser

Who profits from rock-bottom pricing? Christian Science Monitor / G. Jeffrey MacDonald

Why pensions are becoming even scarcer Christian Science Monitor / Alexandra Marks

Arctic oil search moves to new turf, new controversies Christian Science Monitor / Yereth Rosen


FDIC Consumer News Spring 2005 FDIC

A New Approach to Personal Social Security Accounts: "Your Own Trust Fund" Tech Central Station / Alex Pollock

Foreign inflows fall short Dallas Morning News / Danielle DiMartino

April Surprise and the Return of the Bond Morgan Stanley / V. Guzzo, D. Miles, T. Sato, and T. Wieseman

The Catastrophe That Never Happened / James B. Stewart

Fund managers turn negative Globe and Mail / Roma Luciw

Morgan Stanley In Crisis Forbes / Liz Moyer

SEC: Many fund managers paying pension consultants AP via Bradenton Herald / Marcy Gordon

Bank of America unit could face eviction Reuters via CNN

CA: Housing boom still awesome Orange County Register / Hang Nguyen

U.S. House Approves $30.8 Bln for Homeland Security Spending Bloomberg / Nicholas Johnston and Catherine Dodge

China On Notice Forbes / Paul Maidment

China bank names ex-US treasury official chairman Reuters

Korea: Government Assets Rise 7.4% Korea Times / Kim Jae-kyoung

Brazil: Still Hiking? Morgan Stanley / Gray Newman

How profits hinge on exchange rates Philadelphia Inquirer / Jeff Brown

Plenty of oil to go round, Saudi Arabia insists AFP via Turkish Press

Penney's Beats Estimates, Saks Disappoints Baltimore Sun / Anne D’Innocenzio

US ups ante over Chinese currency BBC News

Keynote address before the Latin American Borrowers and Investors Forum Pimco / Mohamed A. El-Erian

Investor gloom gathers over world economy – Merrill Reuters / Jeremy Gaunt

Mexico's 1st-Qtr Growth Slows to 2.4% on U.S. Demand Bloomberg / Thomas Black

U.S. Treasury's Snow to testify on forex May 26 Reuters

Housing starts surge in April CNN

MA: A bear-knuckled assessment of home prices in Hub Boston Herald / Brett Arends

FDIC urged to preserve tougher bank rules Reuters

A new conundrum The Economist

New York City's Debt Is Raised by S&P Amid Surplus Bloomberg / Martin Z. Braun

Pimco's El-Erian Says Yuan Gain May Benefit Argentina, Brazil Bloomberg / Adriana Arai

US Treasuries firm, make most of mixed economy Reuters / Wayne Cole

Regulation Z (Truth in Lending Act) Federal Reserve Board / Edward M. Gramlich

Industrial Production and Capacity Utilization Federal Reserve Board

Sturdy dollar takes capital flows in stride Reuters / Jamie McGeever

U.S. April Producer Prices Rise More Than Forecast Bloomberg / Joe Richter

Hedges Are Off the Fence Washington Post / Ben White

Crude Oil Falls in New York After OPEC Says It Can Meet Demand Bloomberg / Bill Murray

UK inflation holds steady near seven-year high FT / Chris Giles

Spanning the Globe Daily Standard / Irwin Stelzer

Forecasters Swing From Tree to Tree, Miss Forest Bloomberg / Caroline Baum

More good news from insiders CBS Marketwatch / Mark Hulbert

City transit systems struggle to stay on track Christian Science Monitor / Amanda Paulson

Adult Swim Only Pimco / Mark Kiesel

EU: A Constitution For Some Pimco / Andrew Bosomworth

UK: Economic growth set for 'marked decline' Scotsman / David Black

Bruce Willis' Role in China's Growth Outlook Bloomberg / William Pesek Jr.

It Takes Nerve to Buy Financials as Rates Move Up Bloomberg / Chet Currier

Bush's Choice: Anger China or Congress Over Currency NY Times / Edmund L. Andrews

Rewriting bankruptcy's chapters Minneapolis Star Tribune

A Jury Assesses Morgan Stanley $604 Million NY Times / Landon Thomas, Jr.

U.S. 10-Year Treasuries May Drop as Advance in Stock Indexes Cuts Demand Bloomberg / Shamim Adam

Blocking Chinese Trousers Won't Save U.S. Jobs Bloomberg / Andy Mukherjee

Japan Economy Grows at 5.3% Pace, More Than Expected Bloomberg / Lily Nonomiya

Yen Advances to Three-Day High; Japanese Growth Accelerates Bloomberg / John Brinsley

Schroeder's Economic Woes May Foil Blair-Style Election Success Bloomberg  / Andreas Cremer




Study: Qwest customer satisfaction up Denver Post / Will Shanley

S Korea rules out further currency intervention FT / Anna Fifield and Chris Giles

As Greenspan Bids Adieu, Say Hello to Uncertainty Fall Street via Safehaven / Brady Willett

Phew! / Mark Glassman

Too many houses is bad, too Dallas Morning News / Danielle DiMartino

Realtors Aghast At Notion of Competition Washington Post / Steven Pearlstein

CA: Hot housing market lures more into property sales Contra Costa Times / Dan Laidman

Report: States face long-term budget gaps / Kathleen Hunter

China's big yuan CBS Marketwatch / Barbara Kollmeyer

Snow says China must beware of angry Congress Reuters

Three in a row CNN / Alexandra Twin

Oil futures fall below $47 a barrel AP via St. Louis Post Dispatch / En-Lai Yeoh

WI: Concerns about factory jobs fade Green Bay Gazette / Richard Ryman

Blame it on the IT department Boston Herald / Jay Fitzgerald

Cap plan only partial Social Security help Detroit Free Press / Susan Tompor

Many jobs now outsourced within U.S. Seattle Post Intelligencer / Paul Nyhan

What do yuant from us? The Economist

Seven Reasons to Sell the Euro Morgan Stanley / Joachim Fels

U.S. shuns fight on Chinese currency Chicago Tribune / Bill Barnhart

Japan: Count on Caution and Moderation Morgan Stanley / Takehiro Sato

Treasury official-GSE bill needs portfolio limits Reuters

Snow: U.S. wants China reform soon Reuters via CNN

Oil Falls to 3-Month Low on Supply Jump: World's Biggest Mover Bloomberg / Mark Shenk

Low-profile investor's stakes catch SEC's eye Baltimore Sun / Jay Hancock

Consumer Price Index Summary Bureau of Labor Statistics

Greenspan may stay CNN

Mortgage risks fuel industry concerns Wall Street Journal via Arizona Republic / Ruth Simon

Morningstar profit drops in researcher's 1st report since IPO AP and Bloomberg News Chicago Sun Times

U.S. Treasuries Rally, Sending 10-Year Yield to Near 4 Percent Bloomberg / Mark Tannenbaum

Hedges Clipped NY Post / Roddy Boyd

NY: Landlords Cashing Out as Condo Fever Spreads NY Times / Terry Pristin

Core inflation unexpectedly tame in April Reuters

Gramlich Leaving Fed Board This Summer AP via Orlando Sentinel / Jeannine Aversa

Edward M. Gramlich submitted his resignation Wednesday as a member of the Board of Governors Federal Reserve Board

Alabama County Set to Take Center Stage in MuniLand Bloomberg / Joe Mysak

Expecting the unexpected CBS Marketwatch / Mark Hulbert

Consumer Prices Probably Rose 0.4% in April, Survey Predicts Bloomberg / Carlos Torres

Fund managers globally gloomy: Downturn seen by 56% in survey Boston Herald / Brett Arends

China's Industrial Output Growth Accelerates to 16% Bloomberg / Philip Lagerkranser

UK: Are we heading for a fall? Independent / Phillip Thornton

UK: Inflation set to hit 2% for first time since 1998 Independent / Phillip Thornton

UK: Rate fears fuel house price drop This is Money – This is London / Guy Dresser

The Strange Tale of the Bare-Bottomed King Pimco / Bill Gross

Italy's Economic Woes May Prompt First Euro Exit Bloomberg / Matthew Lynn

U.S. Says China Didn't Manipulate Yuan,  Seeks Change Bloomberg / Simon Kennedy and Kevin Carmichael




Open wider The Economist

Money funds rise in latest week AP via New Jersey Post

Fitch cuts Ford's debt rating Reuters / Dena Aubin and Dan Wilchins

Damaged goods The Economist

Snow names envoy to pursue currency bid Reuters / Glenn Somerville

Is Labor Headed for Splitsville? Business Week via MSNBC / Aaron Bernstein

Maytag bought for $1.25B Reuters via CNN

Gap 1st-quarter profit falls on markdowns Reuters / Michael Kahn

Wal-Mart struggles with deeper problems AP via MSNBC

Target to add 600 stores over five years AP via MSNBC

CT: Home Sales Keep Falling Hartford Courant / Kenneth R. Gosselin

FL: Hot prices for homes soar again South Florida Sun Sentinel / Jack Snyder

Bank of Canada announces the publication of the first issue of the International Journal of Central Banking Bank of Canada

It's all building to a fall Dallas Morning News / Danielle DiMartino

Social Security reform may mean less pay CNN / Jeanne Sahadi

Another Job Opening at the FOMC / Stephen Taub

Greenspan steps up criticism of Fannie CNN / Kathleen Hays

CA: Cost of living going up fast in this region Orange County Register / James B. Kelleher

TN: Student stock-pickers brave the bear market Tennessean / Keith Russell

The other Omaha tycoon San Francisco Chronicle / Jenny Strasburg

U.S. Stocks Climb for Fourth Day; Shares of Motorola Advance Bloomberg / Dune Lawrence

Quarterly Filing Delays for 77 Companies / Stephen Taub

Qualcomm Endorses Options Derivative / Stephen Taub

Internet phone companies must hook up to 911 AP via Houston Chronicle

China: Rates to Rise Upon Currency Board Enhancements Morgan Stanley / Denise Yam

Pimco's Gross sees 10-year bond yield falling as low as 3% Bloomberg via Orange County Register

Spending account deadline: March 15 USA Today / Sandra Block

Now Is a Bad Time for Private Accounts LA Times / Michael Hiltzik

Mortgage rates resume slide CNN

U.S. Treasuries stabilise, Greenspan awaited Reuters

U.S. pressure on China over yuan risks backfiring Reuters / Alan Wheatley

Business Outlook Survey Federal Reserve Bank of Philadelphia

Government-sponsored enterprises Federal Reserve Board / Alan Greenspan

Observations on Measuring and Managing Operational Risk under Basel II Federal Reserve Board / Susan Schmidt Bies

The Federal Reserve in an Electronic World Federal Reserve Board / Mark W. Olson

MI: Jobless rate in Michigan rises to 7% Detroit Free Press / Greta Gust

Tougher mortgage regs due? CNN

Greenspan Builds Case Vs. Fannie, Freddie AP via Forbes

Wal-Mart teams with Netflix on DVD deal Reuters / Gina Keating

'Enron' movie is full of easy pot shots Pittsburgh Tribune Review / Jack Markowitz

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

U.S. Leading Indicators Index Fell for a Fourth Month Bloomberg

Business Cycle Indicators The Conference Board

It's Time to Drop the Home Mortgage Deduction Bloomberg / John M. Berry

What's So Special About Central Bank Purchases? Bloomberg / Caroline Baum

Bank of England May Need U-Turn on Interest Rates Bloomberg / Mark Gilbert

Brazil's Rising Rates Lead Companies to Buy Bonds, Not Machines Bloomberg / Charles Penty

Pro-forma CPI, or Lets Pretend there's No Inflation Euro Pacific via Safehaven / Peter Schiff

Have We Saved Enough? Ludwig von Mises Institute / Frank Shostak

Should the Government Sell Bread, Orange Juice, or Mortgages? Mish’s Global Economic Trend Analysis via Safehaven / Mike Shedlock

Member's Early Departure Adds to Fed Turnover Washington Post / Nell Henderson

Economy propped up by cheap money Marco Island Sun Times via Fiends SuperBear Page / William F. Hague

BoE deputy adds caution on derivatives Scotsman

Are the horses a better bet than hedge funds? It's too early to tell Independent / Hamish McRae

Fannie Mae Hires 9 to Watch Its Accounting Washington Post / Annys Shin

A cheaper America doesn't make it a 'must see' Christian Science Monitor / Stephen Humphries

Now hiring: the hot jobs of the moment Christian Science Monitor / Ron Scherer

The rising economic cost of the Iraq war Christian Science Monitor / Peter Grier

No babies please, we're German AFP via Taipei Times / Yannick Pasquet

Dollar Trades Near Five-Day Low on Narrowing Yield Advantage Bloomberg / John Brinsley


Gimme Shelter Tech Central Station / James K. Glassman

Cutting, running, and dumping are for short-term thinkers National Review / Tom Nugent

Rich Treasuries Push Pensions To Eye Derivatives For Duration Bondweek / Olivia Thetgyi

Economy half full? CBS Marketwatch / Rex Nutting

Warmer Weather, Happier Numbers Business Week via MSNBC / Michael Englund

Out of the doghouse? CBS Marketwatch / Mark Hulbert

Soybeans in Chicago May Stir Brazil-U.S. Rivalry Bloomberg / Jeff Wilson

Over time, more air mergers may come Houston Chronicle / Bill Hensel, Jr.

Carmakers’ bonds recover from nadir FT / Ivar Simensen

Greenspan warns of strains in housing market FT / Andrew Balls

Euro at 7-month low as French growth falters FT / Steve Johnson, John Thornhill and Ralph Atkins

Fed: No trade perk from China revaluation Reuters / Pedro da Costa

Oil prices slip on mixed OPEC signals AP via Houston Chronicle / George Jahn

US Treasuries slip as safety bid recedes Reuters / Ros Krasny

Energy Federal Reserve Board / Alan Greenspan

Payment Economics and the Role of the Central Banks Federal Reserve Bank of Richmond / Jeffrey M. Lacker

Greenspan sees no housing bubble Reuters via CNN

Greenspan Calls Home-Price Speculation Unsustainable Bloomberg / Craig Torres and Alison Fitzgerald

U.S. mortgage rates unchanged Friday-BestInfo Reuters

Confessions of a market timer Money Magazine via CNN / Michael Sivy

CA: O.C. jobless rate falls to 3.5% Orange County Register

Safe havens prosper as credit markets stagger Reuters / David Wigan

Modeling Inflation: A Policymaker’s Perspective Federal Reserve Board / Donald L. Kohn

Annual Report 2004 Index Federal Reserve Bank of Atlanta

Fed's Kohn says pickup in US prices surprised him Reuters

Canadian dollar falls as US$ gains, data digested Reuters

US Airways, America West merge Washington Times / William Glanz

US Air, America West pilots cautious CBS Marketwatch via Google News

Microsoft May Face New European Antitrust Charges, People Say Bloomberg / Robert McLeod

Big sugar takes on Bush govt in trade pact row Reuters / Sophie Walker

Gold May Fall on Concern That Fed Will Increase Interest Rates Bloomberg / Danielle Rossingh

New slant on loans Rocky Mountain News / Roger Fillion

Mortgages Worrying Greenspan NY Post / Paul Tharp

S Korea economy slows more than expected FT / Song Jung-a

The dogs bark, but the caravan moves on The Economist

Muni Market's Conundrum: Higher Supply, Lower Yields Bloomberg / Joe Mysak

Japan's Bonds Gain; BOJ Keeps Target for Cash in Banking System Bloomberg / Chris Cooper

The Next Recession Has Started Institutional Advisors via Safehaven / Bob Hoye

White House Sets Forth Plan To Limit Size of Fannie, Freddie Washington Post / Annys Shin

Europe: The Unlevel Playing Field NY Times / Mark Landler

BOJ Says Reserves May Fall Below Target; Keeps Policy Bloomberg / Mayumi Otsuma

Maybe Euro Zone Isn't a Role Model for Asia Bloomberg / William Pesek Jr.

Yuan peg will change: US AP via Taipei Times

MBAs wanted Cincinnati Business Journal

Closer Scrutiny Won't Stop `Hedge Fund Express' Bloomberg / Chet Currier

Running Big Board's Floor Is No Longer a Family Affair NY Times / Eric Dash

At Sunbeam, Big Guys Won, Public Lost NY Times / Floyd Norris

MA: Bay State economy looking balmy Boston Herald / Jay Fitzgerald

Dollar May Gain on View Fed Officials Will Say Rates to Rise Bloomberg / John Brinsley

Treasury yields drop to 'conundrum' level NY Times via IHT / Jonathan Fuerbringer

South Korean 1st-Qtr GDP Rises 0.4%, Slowest in 2 Yrs Bloomberg / Seyoon Kim

Crude Oil May Fall Next Week as U.S. Supply Rises, Survey Shows Bloomberg / Mark Shenk and Gavin Evans


CA: Job growth encouraging spectacular expansion, report says Sacramento

Bee / Rachel Osterman

Nasdaq chief exec vested in confidence of traders Dallas Morning News / Will Deener

Wal-Mart Says Sales This Month Are Rising Within Its Forecast Bloomberg / Lauren Coleman-Lochner and Dan Hart

TX: Jobless Rate in Texas Falls to 5.5% AP via Dallas Fort Worth Star Telegram

Where Does All the Money Come From? Daily Reckoning via Lew Rockwell / Bill Bonner

Social Security change may hit small biz CNN / Jeanne Sahadi

Housing unlikely to dip Newsday / Randi F. Marshall

WI: More joining high-risk health pool Milwaukee Journal Sentinel / Guy Boulton

Venezuela Says Oil Companies Owe $4 Billion in Taxes, Royalties Bloomberg / Peter Wilson

Thailand, Philippine, South Korean Currencies Have Weekly Loss Bloomberg / Christina Soon and Yumi Kuramitsu

TX: That city to the north may not stay on sign Houston Chronicle / Nancy Sarnoff

Google This: Is Microsoft Still a Bully? NY Times / Josph Nocera

High Oil Prices Required, OPEC Chief Says AP via Chicago Tribune / Jim Krane

OPEC States May Link Oil Exploration to Refineries Bloomberg / Maher Chmaytelli and Tim Coulter

Off the Hill, and Leading the Charge on Trade NY Times / Elizabeth Becker

'New Democrat' Bloc Opposes Trade Pact Washington Post / Thomas B. Edsall

Once a boon, rapid expansion helped lead to slide for Fifth Third AP via Philadelphia Inquirer / Lisa Cornwell

'Blink' Meets 'Freakonomics' NY Times / Dan Mitchell

Beauty anf The Geeks NY Post / Richard Wilner

UK: Treasury debt narrows but tax rises still on the cards, say pundits Guardian / Larry Elliott

After the fireworks? CNN / Alexandra Twin

Merger mix was too risky for Mesa Air Arizona Republic / Max Jarman

Excess capacity still crippling airline industry AP via The State / Matthew Barakat

MA: Bay State creates jobs for 8th month in row Boston Globe / Robert Gavin

S.C. jobless rate declines despite decrease in jobs The State / Jim DuPlessis

FL: Joblessness declines in state South Florida Sun Sentinel / Niala Boodhoo

Hedge funds: Wall Street's new bogeyman AP via Seattle Post Intelligencer / Michael J. Martinez

BofA customers get mortgages elsewhere Charlotte Observer / Binyamin Appelbaum

Greenspan Sees Bubbles in Housing LA Times / Annette Haddad

Greenspan Is Concerned About 'Froth' in Housing NY Times / Edmund L. Andrews

Dollar Climbs Fourth Week Versus Euro on Widening U.S. Rate Gap Bloomberg / Michael McDonald and Rodrigo Davies




The new Howard Hughes? Pittsburgh Tribune Review via Newsmax / John Gizzi

Will U.S. economy pass test? Dallas Morning News / Danielle DiMartino

Oil at $30-$50 suitable, says OPEC chief Reuters

Alternative Minimum Tax Repeal Sought AP via Morning Call / Mary Dalrymple

Home prices in metro areas soar USA Today via 1st Headlines / Sue Kirchhoff

Reverse mortgage lines of credit call for caution Dallas Morning News / Pamela Yip

Property Taxes Questioned As Prices Zoom AP via Baltimore Sun / Robert Tanner

E-commerce sales jump 23.8% over first quarter last year Dow Jones and AP via Tacoma News Tribune

CEOs retire with much more than gold watch St. Paul Pioneer Press / Tim Huber

Top execs' pay rises 57 percent Mercury News / Deborah Lohse, Mark Schwanhausser and Jack Davis

TX: Summer job seekers find climate is warmer Houston Chronicle / L.M. Sixel

Gunslingers No More: The Cautious Cash In NY Times / Nina Munk

Hedge funds a huge market that stands to be tested by risk LA Times via Morning Call / Tom Petruno

So You Want to Be a Venture Capitalist NY Times / Gary Rivlin

Makers of Luxury Goods Focusing on China AP via Chicago Tribune / Elaine Kurtenbach

Canada: Banks seen posting profit growth CP via Toronto Star

Indonesia's Bank Mandiri to review 300 mln usd global bond offer plan – report AFX via Forbes

Investors' purchases of emerging economy bonds up 50 pct in past yr AFX via Forbes and Bond Market Association

Fed meeting minutes, GDP may roil market AP via New Jersey Post / Michael J. Martinez

Housing, hedge funds spur bubble worries San Francisco Chronicle / Tom Abate

Opec remarks may pump oil price BBC News

Hard to find gold in field of commodities Chicago Tribune / Bill Barnhart

CO: Meteoric home values easing off Denver Post / Karen Crummy and John Ingold

Are declining long-term rates in our best interest? Boston Globe / Charles Stein

Economy Probably Grew 3.6% in First Quarter: U.S. Preview Bloomberg / Carlos Torres

Marketers big and small taking a shine to blogs Reuters / Lisa Baertlein

A better plan for Social Security Philadelphia Inquirer / Jeff Brown

Bankruptcy rules require oversight Orlando Sentinel / Richard Burnett

European Company Bond Sales Raise Most Since GM Loss Bloomberg / Jennifer Ryan

With rates up, I Savings Bonds look better than ever Dallas Morning News / Scott Burns

Seat Holders Brace for Job Cuts at NYSE NY Post / Greg Clarkin

Hedge Funds Jumping into Street Fights NY Post / Rachel Beck

PA: Where are cheers for base closings? Philadelphia Inquirer / Charles Stein

Europe in disarray as Italian economy in crisis Scotsman / Bill Jamieson

Is It a Savings Crisis or a Math Error? NY Times / Daniel Gross

Home, Sweet Risky Home Wall Street Journal / Stacey L. Bradford

Big mortgages can leave owners cold St. Louis Post Dispatch / Jack Naudi

Exploring the 'Nuclear Bond Option' CBS Marketwatch via Wall Street Journal / Paul B. Farrell

Are automakers stuck in the same rut as the airlines? St. Louis Post Dispatch / David Nicklaus

Contracting Rush For Security Led To Waste, Abuse Washington Post / Scott Higham and Robert O'Harrow Jr.

You Can Profit From Hedge Funds' Pain Wall Street Journal / Gregory Zuckerman

Mr. Chairman, You Can't Control China. So Just Relax. NY Times / Ben Stein

Oil prices to top $60 by autumn, analysts warn Guardian – Observer / Heather Stewart

US investors seek a hedge against hedge funds Guardian – Observer / Edward Helmore

UK: Two years of gloom ahead, bank warns Evening Standard via This is London / Jane Padgham

EU: When performance is as negative as this, a 'no' vote could be just what the eurozone needs Independent / Hamish McRae

UK: Five-year house price slowdown This is Money – This is London / Michael Clarke

Traders caught with their pants down as the tide ebbs Independent / Mark Tinker


US economy, supply-side economics and Say’s law Brookes News / Gerard Jackson

Savings and money — what is the relationship? Brookes News / Gerard Jackson

More Amass Big Debt To Buy Real Estate Wall Street Journal via CBS Marketwatch / James R. Hagerty and Ruth Simon

Home economics: Do you cash out? Christian Science Monitor / E. Jeanne Harnois

Locating Affordable Luxury Homes Business Week via MSNBC / Peter Coy

Moody’s sees bumper year for CDO deals FT / Richard Beales

Limiting Their ‘Burden’ Bond Buyer / Alison L. McConnell

Why Don't Economists Follow The Leaders? Northern Trust via Safehaven / Paul Kasriel

Storm Clouds Gathering Over U.S. Economy? via FiendsSuper Bear Page / Irving Blackman

Sir Alan Greenspan and Sir Tony O'Reilly Issue Economic Warnings Gold Investments via Safehaven / Mark O’Byrne

Interest rate game continues Dallas Morning News / Danielle DiMartino

Real estate investment clubs build up USA Today via 1st Headlines / Adam Shell

United States: Approaching Neutrality? Morgan Stanley / Richard Berner

Minding the minutes CNN / Paul R. La Monica

No simple answer on Social Security taxes Dallas Morning News / Scott Burns

Global: What if China Slows? Morgan Stanley / Stephen Roach

Italy: Slowly Boiling in Hot Water Morgan Stanley / Vincenzo Guzzo

Japan: Silence Is Golden Morgan Stanley / Takehiro Sato

South Korea: Continuing on a Bumpy Road Morgan Stanley / Sharon Lam and Andy Xie

EU: Fresh jitters hit EU budget rules BBC News

Manufacturers, consumers help push economy over soft patch Chicago Tribune via Tacoma News Tribune / William Sluis

MA: Older consumers will keep coming Boston Herald / Jay Fitzgerald

CA: Insurance Option Has Workers Pay More LA Times / Ricardo Alonso-Zaldivar

Travel costs to heat up Dallas Morning News / Eric Torbenson

Dream didn't die, it moved overseas Knight Ridder via Seattle Times / Mike Cassidy

NYLIM To Build Fixed Income Institutional Investor via and BMA –

Puzzled experts study Treasury's plan to bring back 30-year bonds AP via Arizona Republic / Rachel Beck

Google jumps on talk of S&P 500 inclusion Reuters

U.S. Treasuries Surge on Optimism Inflation Will Remain Tame Bloomberg / Vivianne C. Rodrigues

The kevlar housing bubble CNN /Chris Isidore

Rising home values aid urban development-Santomero Reuters

Advancing Regional Equity: The Second National Summit on Equitable Development, Social Justice, and Smart Growth - Opening Remarks Federal Reserve Bank of Philadelphia /  Anthony M. Santomero

Financial Update Federal Reserve Bank of Atlanta

"What's Driving Wage Inequality? The Effects of Technical Change on the Labor Market" Federal Reserve Bank of Richmond

Crude price recovers from early losses FT / Kevin Morrison and Darryl Thomson

In Defense of Employment-at-Will Ludwig von Mises Institute / Arthur Foulkes

U.S. Economy to Expand by 3.4% in 2005, Survey Finds Bloomberg / Will Edwards

FASB Simplifies Option-Expensing Rule / Ed Zwirn

The Millions Kozlowski Didn't Steal Forbes / Dan Ackman

Fed's Moskow does not discuss economy in remarks Reuters

U.S. 10-Year Treasury Notes Increase for the First Day in Three Bloomberg / Rodrigo Davies and Vivianne C. Rodrigues

Robust Economy Defies Doubters Bloomberg via NY Post

Appraisal fraud: your home at risk CNN / Sarah Max

Top 10 cities where paychecks go far CNN / Jeanne Sahadi

UK: Consumers may at last be recognising their apparent riches were an illusion Independent / Stephen King

EU: Bank signals slowdown in former Soviet bloc Scotsman / David Black

EU: Hard to swallow eurofizz is a failing brand Guardian / Larry Elliott

China in for 'rude shock' over asset bubble Telegraph / Ambrose Evans-Pritchard

Brown plays down economic concerns Scotsman / Alastai Reed

Schroeder Seeks Early Elections; Polls Predict He Will Lose Bloomberg / Claudia Rach and Andreas Cremer

Chinese running out of cheating time Guardian / Andrew Tylecote

U.K. May Cut Borrowing Costs on Pension Demand for 50-Year Bond Bloomberg / Jake Lee

Junk Bond Market in Europe Chokes on Worst Sales Since 2003 Bloomberg / Jennifer Ryan and John Glover

The Euro's Reversal Could Bring Regional Revival Bloomberg / Matthew Lynn

Taiwan Dollar Declines on Lagging Growth: World's Biggest Mover Bloomberg / Yumi Kuramitsu

Japan's 20-Year Bonds Decline as Brokers Aim for Higher Coupon Bloomberg / Chris Cooper

Treasuries May Decline on Faster Growth Estimate, Debt Auction Bloomberg / Vivianne C. Rodrigues

Dollar May Extend Gains; Some Investors Say Bear Market Is Over Bloomberg / Joshua Krongold


Unpegged Daily Standard / Irwin M. Stelzer

Micah Green Testifies on Responsible Lending Act pdf Bond Market Association

The Romance of Economics Ludwig von Mises Institute

Moskow says Fed has more ground to cover on rates Reuters / Ros Krasny

Fed sends mixed messages Dallas Morning News / Danielle DiMartino

Workforce Quality and Public School Reform Federal Reserve Bank of Chicago / Michael H. Moskow

Fed minutes reveal new fear of weak growth UPI

Making Sense of Fed Speak / Mark Glassman

Equity loans alarm experts Orange County Register / Jonathan Lansner

House Poor / James B. Stewart

Illinois April home sales down, prices up St. Louis Business Journal

Arizona overpays $5.5 mil to taxpayers Arizona Republic via / Robbie Sherwood

Morningstar consulting unit subpoenaed AP via Beaufort Gazette / Anna Johnson

Blue-chips dip as FOMC hints at hikes Reuters / Scott Malone

Worth Every Minute of the Wait / Michael DeSenne

Korea: Regulators Alert Over Hedge Funds Korea Times / Choi Kyong-ae

Controlled by center, Congress challenges Bush Knight Ridder / Steven Thomma

Private-Use Benefits of AMT Repeal Bond Buyer / Alison L. McConnell

Minutes of the Federal Open Market Committee Federal Reserve Board

Fed Saw Risk to Inflation at May Meeting, Minutes Say Bloomberg / Craig Torres and Alison Fitzgerald

Ways to detect housing bubbles Philadelphia Inquirer / Jeff Brown

Million dollar homes double since 2000 CNN

Home sales soar to record CNN / Chris Isidore

Treasuries firm as European woes dominate FT / Richard Beales and Joanna Chung

PA: Airport receives high bond ratings Philadelphia Inquirer / Tom Belden

GM debt downgraded to 'junk' by 2nd rating agency Reuters via Google News / Dena Aubin

Tangled up over DSL Houston Chronicle / John C. Roper

US Treasuries firm, global ills drive bond demand Reuters

Argentina Swaps Bonds in $104 Bln Restructuring Bloomberg / Daniel Helft

Fed Rate Hikes Could End Badly NY Post / Roddy Boyd

Weak dollar 'a threat to growth'  BBC News

Home Equity Lending Credit Risk Management Guidance FDIC

Housing 101 Orange County Register

A Look Inside the Make-Believe CEO Search at Disney NY Post / John Crudele

France's consumer spending stays strong UPI via Washington Times

German Workers Undermine Schroeder After Wage Cuts Bloomberg / John Fraher

Japan: Let's Not Make A Deal Business Week via MSNBC / Ian Rowley

China's coal riches could ease oil insecurity Reuters / Emma Graham-Harrison

Blockbuster Chief Antioco Unloads 11% Of Stock Forbes / Chris Noon

Treasuries up on growth concern Reuters / Oliver Ludwig

Junkyard Deals video Forbes

U.S. Home Resales Rose 4.5% in April to Record 7.18 Mln Pace Bloomberg / Bob Willis

Chain store sales rise in 3rd week of May Reuters

Internet infection holds computer files 'hostage' for ransom AP via Minneapolis Star Tribune

A Few Fires, Lots of Smoke Seen in Hedge Funds Bloomberg / Mark Gilbert

Sallie Mae Rivals Say Banning Fixed-Rate Loans Will Hurt Them Bloomberg / Jonathan D. Salant

Be Bold -- and Be Careful -- Buying Focused Funds Bloomberg / Chet Currier

Germany: A backlash to Schröder's reforms Christian Science Monitor / Andreas Tzortzis

The Fed is all wrong about inflation MSNBC / Jim Jubak

Russia: Hedge Fund Managers Forced to Walk a Fine Line Moscow Times / Alex Fak

Russian Debt Collectors Put On a New Face Moscow Times / Maria Levitov

Germany and France are struggling with a new world Guardian / Martin Kettle

Europeans' Anger May Step Up the Pace of Change NY Times / Floyd Norris

UK: Even the attractions of the mid-caps might not see off the growing cult of fixed income Independent / Jeremy Warner

Central Europe Housing Booms Reuters via Moscow Times / Patrick Graham

Crude Oil Rises 2nd Day on U.S. Driving Season Supply Concern Bloomberg / Gavin Evans

Fundamentals In Technical Drag Are Still Fundamentals Pimco / Paul McCulley



Association and AMF Conduct 30-Year Treasury Bond Survey The Bond Market Association

The retirement age is too low as we’re living much longer National Review / Bruce Bartlett

Crude Again Threatens Market Washington Post / Jerry Knight

Canada: Bank of Canada leaves interest rates steady, warns of increases ahead CP via / Sandra Cordon

Bank of Canada keeps target for the overnight rate at 2 1/2 per cent Bank of Canada

Turkey: Europe's Acid Test Morgan Stanley / Serhan Cevik

NextStars Perspective Interview with Blythe Masters The Bond Market Association

Economy may soon fall flat Dallas Morning News / Danielle DiMartino

TX: Pension fund gets a solid B Dallas Morning News / Will Deener

The World's Highest-Paid Temps? Forbes / David A. Andelman

Hot Stats—Texas State & Metro Employment, Seasonally Adjusted Federal Reserve Bank of Dallas

Water, Water Everywhere: Dare I Drink a Drop? Federal Reserve Bank of Boston / Robert Tannenwald and Nicholas Turner

Memphis Rating Blues Bond Buyer / Tedra DeSue

Morningstar Shares Fall on Labor Subpoena AP via Chicago Sun Times

As U.S. dollar gains strength, Paris beckons USA Today via 1st Headlines / Noelle Knox

Italy starts to question its EU love affair Reuters / Robin Pomeroy

OH: Housing slows locally but still hot Cincinnati Enquirer / Mike Boyer

CO: Metro-area market below national par Denver Post / Christine Tatum

Blockbuster buster Washington Times / Melissa Brock

House panel approves bill strengthening government authority over Fannie Mae, Freddie Mac AP via San Diego Union Tribune / Marcy Gordon

U.S. 10-Year Treasury Note Declines for the First Day in Three Bloomberg / Vivianne C. Rodrigues and Michael McDonald

Bowling for Google CNN / Paul R. La Monica

Investors optimistic about Sears since Kmart takeover Chicago Sun Times / Sandra Guy

'Dennis, You Crook, Keep Up The Good Work' Forbes / Dan Ackman

New Residential Sales U.S. Census Bureau

TX: Postings for June auction up 23.8% Dallas Fort Worth Star Telegram

NC: Uptown condo costs are soaring Charlotte Observer / Kerry Hall

MA: Nothing average here: Typical home is $200G, and bubble's not popped Boston Herald / Brett Arends

U.S. mortgage rates unchanged Wednesday-BestInfo Reuters

Continuing the Pattern of Growth and Low Inflation Federal Reserve Bank of Atlanta / Jack Guynn

Guynn sees more Fed rate hikes on tap CBS Marketwatch / Greg Robb

US money funds report $14 bln inflows in latest week Reuters

Crude Oil Approaches $51 in N.Y. on Unexpected U.S. Supply Drop Bloomberg / Mark Shenk

Fed's political independence is 'paramount'-Bernanke Reuters

Interagency Credit Risk Management Guidance for Home Equity Lending  2nd post Federal Reserve Board via Federal Reserve Bank of Boston

Emerging Market Spreads To Widen In Coming Months Forbes / Oxford Analytica

Mortgage applications increase last week Reuters

Bonds up on mixed durables report CNN

Treasurys shrug off data CBS Marketwatch / Leslie Wines

Oil Trades Near $50 Amid Concern About Refinery Disruptions Bloomberg / Alejandro Barbajosa

Proposal to ease jobless trauma Philadelphia Inquirer / Andrew Cassel

Durable Goods Manufacturers Shipments, Inventories and Orders U.S. Census Bureau

Fed Minutes Show One Sure Thing – Uncertainty Bloomberg / John M. Berry

Las Vegas, Orlando, Win Convention Space Race Bloomberg / Joe Mysak

Stronger Yuan Won't Mend U.S. Apparel Industry Bloomberg / Caroline Baum

Bush Wants China to Revalue? Replace Snow Bloomberg / William Pesek Jr.

Steep Rise in Prices for Homes Adds to Worry About a Bubble NY Times / David Leonhardt

Notes Show Fed Deciding to Brush Aside Signs of Slower Growth NY Times / Edmund L. Andrews

OECD warns of wider global economic gaps IHT / Brian Childs

China, New Land of Shoppers, Builds Malls on Gigantic Scale NY Times / David Barboza

UK: Bank will be forced to cut rates to avert recession, says leading analyst Independent / Phillip Thornton

UK: Bank hints at cheaper borrowing costs Guardian / Larry Elliott and Ashley Seager

EU: Tax evaders keep step ahead of EU IHT / Tom Wright

Eurozone woes blamed for slowdown in global growth Telegraph / George Trefgarne

Five Reasons to Be Nervous About a 50-Year Bond Bloomberg / Matthew Lynn

Japan's April Trade Surplus Narrows as Imports Rise Bloomberg / Lily Nonomiya


Origins of Modern Central Bank Policy Federal Reserve Bank of Dallas / Richard W. Fisher

Capital and Risk Management Federal Reserve Board / Susan Schmidt Bies

Get Ready For Gold's Rebound Forbes / Curtis Hesler

Medical costs rise to $12,214 per family Washington Times / Marguerite Higgins

Issuers Revisiting Refundings in Low Rate Climate Bond Buyer / Robert Whalen

TD net profit rises 22% CP and Globe and Mail

Treasuries little moved in Asia after strong GDP Reuters

UK sells first tranche of 50-year gilts FT / Joanna Chung

China's pace may be slowing Dallas Morning News / Danielle DiMartino

SEC Finds Itself $48 Million Short / Stephen Taub

The biggest contract The Economist

At This Stage of the Yuan Game . . . National Review / John Tamny

Dollar rallies to cycle highs versus euro FT / Steve Johnson

TN: Investment clubs are breaking up in rocky markets Tennessean / Getahn Ward

Why sneaky AMT's hitting taxpayers Philadelphia Inquirer / Jeff Brown

GDP revision dictates Treasurys' tune CBS Marketwatch / Leslie Wines

Owner losing patience with Eurex U.S.'s performance Chicago Sun Times / David Roeder

Dead, or just resting? The Economist

Waterhouse Chucks Nasty Ad Campaign NY Post / Holly M. Sanders

Profligate Americans save more than meets the eye Reuters / Andrea Ricci

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

Oil Prices Edge Past $51 Per Barrel AP via Forbes

Enjoy it while you can – gas prices drop a bit Tacoma News Tribune / Jack Keith

We’re Over A Barrel NY Post / John Crudele

Exchange-rate forecasts The Economist

Dollar still strong after GDP revision CBS Marketwatch / Leslie Wines

Snow says disappointed by House GSE bill Reuters

U.S. 30-year mortgage rates lowest since mid-Feb Reuters

Winn-Dixie: 'Perfect storm' led to bankruptcy AP via South Florida Sun Sentinel / Ron Word

Snow says expects China yuan move within 6 months Reuters

Gross Domestic Product and Corporate Profits Bureau of Economic Analysis

U.S.'s Snow repeats call for China forex reform Reuters

First-quarter economic growth revised up Reuters / Glenn Somerville

Euro Falls as Poll Shows Growing Opposition to EU Constitution Bloomberg / Joshua Krongold and Jake Lee

Barclays Predicts Higher Loan Losses on U.K. Slowdown Bloomberg / Jonathan Rosenthal

U.S. has more millionaires than ever Wall Street Journal via Seattle Times / Robert Frank

The Politics of Inflation Targeting Federal Reserve Board / Edward M. Gramlich

Banks and Thrifts Report Record Earnings in First Quarter of 2005 FDIC

FDIC Reports First Quarter 2005 Financial Results for Bank and Thrift Insurance Funds FDIC

FDIC Quarterly Banking Profile FDIC

New Chrysler Pensions Make Workers Accept Risk Bloomberg / Doron Levin

Who Will Fill Greenspan's Shoes? Business Week via Google News / Michael Wallace

Emperor Greenspan Has No Clothes Texas Hedge Report via Safehaven / T. Stein / S. McIntyre

Bullish on housing, no letup in sight Christian Science Monitor / Ron Scherer

An Evolution in Transportation Funding Mish’s Global Economic Trend Analysis via Safehaven / Mike Shedlock

House Panel Approves New Fannie Regulator Washington Post / Annys Shin

Social security woes are felt worldwide Christian Science Monitor / David R. Francis

Bank of Korea's Park Signals Asia Currencies May Rise Bloomberg / Christina Soon

Franklin Currency Fund Falters After Rebound in U.S. Dollar Bloomberg /                  Mark Tannenbaum

Brakes are on for growth as Britain loses momentum and the eurozone stalls Independent / Hamish McRae

Dollar up against yen, down vs. euro AP via Mississippi Sun Herald

UK: Growth at slowest in 2 years The Scotsman / David Black

Canada: Borrowing costs expected to stay low Toronto Star / Steven Theobald

MA: China need for trash insatiable: Mass. recycling enriches, even as asking prices leap Boston Herald / Jay Fitzgerald

Google: New look, same conclusion CBS Marketwatch / Mark Hulbert

Swimming in the froth of worry CBS Marketwatch / David Callaway

Bernanke's Outspokenness at Fed Faces Test in White House Job Bloomberg / Brendan Murray and Craig Torres

EU: Waiting for the French – The May 29th Referendum KWR International / Scott B. MacDonald

UK: Companies call for rate cut to push UK growth Guardian / Vandna Synghal and Larry Elliott

UK: Domestic economy 'has ground to a halt' Telegraph / George Trefgarne

Euro bank defies calls for cut in interest rate Telegraph / Ambrose Evans-Pritchard

Euro Poised to Score `Nul Points' in Referendums Bloomberg / Mark Gilbert

India's Pension Fund Is `Practically Bankrupt' Bloomberg / Andy Mukherjee


Asset Prices and Monetary Liquidity Federal Reserve Board / Roger W. Ferguson, Jr.

Corporate Sales Surge, Fueling Credit Liquidity Bondweek / Caroline Salas

Hedges Are About to Roll / Donald Luskin

Hedge funds hit by redemptions CBS Marketwatch / Alistair Barr

CA: S.D. downturn may be ahead, experts say San Diego Union Triune / Dean Callbreath

PA: Feeling bubbly about real estate Philadelphia Inquirer / Andrew Cassel

S&P says aging populations could hit G7 ratings Reuters

No East European front ahead of EU budget clash Reuters / Tomasz Janowski

Mexico Signals Interest Rates May Fall Before Yearend Bloomberg / Adriana Arai

Brazil Ready to Raise Rates to Help Meet 2005 Target Bloomberg / Elzio Barreto and Charles Penty

Hedge funds hit by redemptions CBS Marketwatch / Alistair Barr

Oil Prices Approach $52 Per Barrel AP via Baltimore Sun / Madlen Read

U.S. corporate bond sales swell after long slump Reuters / Dena Aubin

Lousy Fed Audit of SEC is Payback, Big-Time NY Post / Paul Tharp

Hedge Heads Under Attack NY Post / Roddy Boyd

Sentiment revised higher in late May CBS Marketwatch / Greg Robb

TX: Office condominiums gaining appeal Houston Chronicle / Nancy Sarnoff

U.S. Treasury's GSE point-man to step down Reuters

OH: Condos beckon buyers to enjoy urban living Cincinnati Enquirer / Cliff Peale

New England Economic Indicators Federal Reserve Bank of Boston

Personal Income and Outlays Bureau of Economic Analysis

Personal Income Up 0.7 Percent in April AP via Forbes

Yield Curve, More Than Shapely Body, Has a Brain Bloomberg / Caroline Baum

Puerto Rico Sells Rum Bonds for Budget Help Bloomberg / Joe Mysak

Bond Wars II: Revenge of the Conundrum CNN / Paul R. La Monica

Real Estate Mutuals Back Up Greenspan's Appraisal Bloomberg / Chet Currier

Funds to spice up your portfolio CNN / Amanda Cantrell

UK: Hedge funds are doing just fine, says Man Group Telegraph / James Moore

Calpers Tiptoes Up to Asia's Hedge Fund Boom Bloomberg / William Pesek Jr.

UK: Bad debts are beginning to creep up, but this is no banking crisis as they used to be known Independent / Jeremy Warner

U.S. Treasuries Poised for Weekly Rally on Inflation Optimism Bloomberg / Shamim Adam

All that glitters is not gold CBS Marketwatch / Mark Hulbert

Hedge Funds Are Stumbling but Manager Salaries Aren't NY Times / Riva D. Atlas

Fantasy Land! Money Matters via Safehaven / Puru Saxena

A softly spoken 'oui' from French business IHT / James Kanter

French vote could push the ECB to lower rates IHT / Carter Dougherty

A Merger of Banks in Europe? NY Times / Heather Timmons and Mark Landler

U.S. Softens Its Warning to Beijing NY Times / Edmund L. Andrews



Currency rift may hit cheap Chinese goods Detroit Free Press / Kevin G. Hall

Abandoned Gold Standard Guarantees Inflation Lew Rockwell / Bill Haynes

San Diego's Debt Rating Cut by Fitch Bloomberg via LA Times

Malaysia in tight spot on currency revamp AP via NJ Post / Eileen Ng

Quenching China's thirst for materials IHT / David Lague

Most luxury consumers buy cheaper goods UPI via Washington Times

MD: Lots of home refinancers are saying, 'Play it again' Baltimore Sun / Eileen Ambrose

Hot California market daunts first-time buyers MSNBC / Martin Wolk

Sales of cell phones totally off the hook San Francisco Chronicle / Ryan Kim

Heat rises on Magellan manager Boston Globe / Andrew Caffrey

CA: O.C. median home price reaches $585,000 Orange County Register / Jeff Collins

Is Your House Overvalued? NY Times / David Leonhardt

Experts: Petroleum May Be Nearing a Peak AP via South Florida Sun Sentinel / Matt Crenson

Janus getting undeserved 2nd chance Rocky Mountain News / Joseph Nocera

U.S. 10-Year Treasury Has Weekly Gain; Yield Touches 4 Percent Bloomberg / Michael McDonald

Bonds edge up into holiday AP via Clarion Ledger

Computer Associates to restate five years' earnings AP via Mercury News / Ellen Simon

Euro Rises for First Week in Five Before French EU Referendum Bloomberg / Jake Lee and Joshua Krongold

IRS closing 68 tax-help sites AP via Orange County Register

Hedge fund manager's $1bn wage packet is largest award in history Telegraph / Katherine Griffiths


The rising costs of growing old AP via LA Daily News / Meg Richards

CA: It's Not a Bubble Until It Bursts LA Times / David Streitfeld

Sizzling real estate market attracts fledgling investors Baltimore Sun / Jamie Smith Hopkins

Wall Street hopes 'Goldilocks economy' heats up AP via Salt Lake Tribune / Michael J. Martinez

Social funds no better than or different from usual accounts Baltimore Sun / Jay Hancock

Bank on a bust, not longer boom Boston Herald / Cosmo Macero Jr.

A European constitution? We're not in any fit state Telegraph / Christopher Walker

Can Gordon come to Gerhard's rescue? Guardian – Observer / William Keegan

France and Italy need to spend, spend, spend Guardian – Observer / Will Hutton

French No vote leaves EU treaty in chaos FT / John Thornhill, Peggy Hollinger and Martin Arnold

Bond Grows Between China, South Korea LA Times / Don Lee

Polls and payrolls to make for choppy trade FT / Jennifer Hughes

FL: House of pain Orlando Sentinel / Richard Burnett

Billions Pour Into Private Equity LA Times / James Flanigan

Fund Puts $150M Toward US Airways Merger AP via South Florida Sun Sentinel

Life-cycle funds are not for those who like to call the shots San Francisco Chronicle / Chuck Jaffe

Difficult choices await a nation – and world – stuck on oil San Diego Union Tribune / Craig D. Rose and Dean Calbreath

Commodities add diversity, risk to portfolios AP via Seattle Times / Meg Richards

CA: The Bay Area's crash was more than a setback San Francisco Chronicle / Tom Abate

FL: As average worker struggles, the boss is earning even more South Florida Sun Sentinel / Richard Bedard

Euro tumbles after French No vote Reuters / Eric Burroughs

Emerging debt to tighten Reuters / Manuela Badawy

U.S. ceramic-tile makers fear a Chinese invasion Cleveland Plain Dealer / Peter Krouse

Treasury 10-Year Yield May Hold Near 4 Percent, Survey Shows Bloomberg / Al Yoon

Derivatives Spread -- and Heighten – Risk Wall Street Journal / Andrew Blackman

New economic reports could keep rally going Pittsburgh Tribune Review / Gregory M. Drahuschak

Employment Gains Slow After April Surge: U.S. Economy Preview Bloomberg / Carlos Torres

Cuts in Social Security Look Inevitable Wall Street Journal / Jackie Calmes

TX: For Texas real estate, troubling indicators Dallas Fort Worth Star Telegram / Mitchell Schnurman

MA: Can New England afford to keep young families away? Boston Globe / Charles Stein

CA: Fresno loses cheap appeal Fresno Bee / E.J. Schultz

CO: Babes behold boom, bust & beyond Denver Post / Al Lewis

Summer's a Time to Stay the Course Wall Street Journal / Karen Talley

Time to Invert That P/E Wall Street Journal / Eleanor Laise

VA: Many Buyers Opt for Risky Mortgages Washington Post / Kirstin Downey

MN: The tycoon and the tenant Minneapolis Star Tribune / Terry Fiedler

The Interest-Only Trap Washington Post / Michelle Singletary

IMF says US' economic outlook `favorable' for now AFP via Taipei Times

America Runs on AMT Washington Post / Albert B. Crenshaw

UK: Summertime and the living isn't easy, so it's time for the Bank of England to get cutting Independent / Hamish McRae

That Municipal Bond May Not Be Tax-Free NY Times / Jonathan Fuerbringer

Hear a Pop? Watch Out NY Times

Gold Sleeps While Silver Rocks NY Times / Jonathan Fuerbringer

Mirror, Mirror, Who Is the Unfairest? NY Times / Gretchen Morgenson

A Mini-Enron on Every Corner? NY Times / Kurt Eichenwald

Excuse Me, I'm Not Through Yet NY Times / Geraldine Fabrikant

A Force Too Strong, Even for Wal-Mart NY Times / Daniel Akst


Canada: Reflections on the International Economic and Monetary Order Bank of Canada / David Dodge

Squeezed By The Euro Business Week via MSNBC / Jack Ewing, Carol Matlack, Stanley Reed, Maureen Kline and Carlta Vitzthum

Addicted to Oil, Part 2 San Diego Union Tribune / Dean Calbreath

Some homeowners delay sale in hopes of higher profit USA Today / Adam Shell

Refining Problems Swell Oil Prices Forbes / Oxford Analytica

Street adjusts to rates Dallas Morning News / Danielle DiMartino

The Anatomy of a Fictional Hedge Fund Collapse Safehaven / Rob Kirby

Canada: Soft economy seen holding Canadian rates in check Reuters / Luke McCann

Housing bubble will bring pain to many Dallas Morning News / Danielle DiMartino

Don't bet against this bear CBS Marketwatch / Peter Brimelow

Japan's jobless rate falls to 4.4 percent AP via Seattle Post Intelligencer

Mexican 10-Yr Peso-Bond Yield Drops to 3-Month Low on Inflation Bloomberg / Patrick Harrington

A Retiree Trying to Save His Life's Work LA Times / Joel Havemann

The Fiction of Social Security Bonds Ludwig von Mises Institute / Charles E. Rounds, Jr.

Continued financing for a fiasco Dallas Morning News / Danielle DiMartino

A Bane Amid The Housing Boom: Rising Foreclosures Washington Post / Michael Powell

Sometimes investing beats 'burning mortgage' Mercury News / Cliff Pletschet

Nymex Opens Up NY Post / Roberta C. Yafie

Oil prices ‘destroying’ airline profitability FT via MSNBC and Google News / Kevin Doe

GOP Lawmakers Acknowledge Uphill Fight on Social Security Washington Post / Jonathan Weisman

Is the US Still a Good Risk? Ludwig von Mises Institute / Sean Corrigan

Taiwan: Trade surplus plummets 87.2 percent CNA via Taipei Times

Philly foreclosures are soaring UPI via Washington Times

Bean counters have become college rock stars San Antonio Express via Houston Chronicle / Rosemary Barnes

A New Way To Be Underpaid Forbes / Dan Ackman

Saudi seeking U.S. investments UPI via Washington Times

How to find a financial adviser The State

Good Economic Times Can Mean Health Risk NY Times / David Leonhardt

Even Italy begins to doubt EU Reuters via CNN

German Vote Won't Produce Thatcherism Bloomberg /  Matthew Lynn

Euro Drops to Seven-Month Low; France Rejects EU Constitution Bloomberg / Rodrigo Davies

Brazil Economists Cut Inflation Outlook 2nd Week Bloomberg / Charles Penty

What Now For The EU? Forbes / Paul Maidment

FL: As home prices soar, area businesses could feel pinch St. Petersburg Times / Robert Trigaux

MI: Biggest Bargain Around May Be a House in Detroit Bloomberg / Doron Levin

UK: Hard lessons from easy money Guardian / Larry Elliott

UK: City job numbers return to levels Telegraph / Julia Kollewe

EU: Why 'non' may help the eurozone Guardian / Ashley Seager

Japan: Foreigners seek niches in crowded Japanese property Reuters / Dominic Whiting

Countries Reach Deal on Pipeline Reuters via Moscow Times

S. Korea's April Production Unexpectedly Falls 1.7% Bloomberg / Seyoon Kim

Greenspan's Rate Moves Roiling Asian Bonds Bloomberg / William Pesek Jr.

Dollar's Rally May Pause as Manufacturing, Job Growth Slow Bloomberg / Mark Tannenbaum



The House Bubble? Daily Standard / Irwin Stelzer

Associations Comment on Application of Basel II to Trading Activities Bond Market Association

Regional Underwriting Activity Increases in Most Markets Bond Market Association

Bad luck made worse Boston Globe / Steven Syre

Citigroup to pay $208M in fraud case Reuters via CNN

TD, Ameritrade talk Waterhouse Globe and Mail / Sinclair Stewart

Golds sinks as euro slides against dollar FT / Kevin Morrison

IMF Managing Director Rodrigo de Rato Pays Tribute to Outgoing World Bank President James D. Wolfensohn IMF

EU: Vive La Difference Tech Central Station / Tom Goeller

EU: The "No" That's Shaking Europe Business Week via MSNBC / Beth Carney

Policy That Rewards Productivity Business Week via MSNBC / Greg Blonder

Till debt do us part CBS Marketwatch / Dr. Irwin Kellner

Will Fed break from tradition? Dallas Morning News / Danielle DiMartino

Rethinking Bonds Morgan Stanley / Stephen Roach

Corporate Bond Market at Four-Month High / Stephen Taub

Vote No on Eurozone Bonds Morgan Stanley / Joachim Fels

US SWAPS - Spreads tighten, mortgage hedging eyed Reuters

GM, Ford bonds trade lower CBS Marketwatch / Ciara Linnane

U.S. mortgage rates unchanged Tuesday-BestInfo Reuters

Bush's View of Economy Doesn't Mesh With Public's Bloomberg / Richard Keil

Social Security fears inspire savings AP via Contra Costa Times / Meg Richards

Worries about economy sink blue chips, tech shares AP, CBS Marketwatch and Bloomberg via Mercury News

Canada: Economic growth slower than expected but analysts aren't worried CP via / Sandra Cordon

Asia/Pacific: Trade Cycle Turning Morgan Stanley / Andy Xie

Korea: Supply Outruns Demand In Korea Korea Times / Choi Kyong-ae

India: Is Inflation No Longer a Concern? Morgan Stanley / Chetan Ahya and Mihir Sheth

EU: Puzzling Out The Meaning Of No Insight On The News / Wesley Pruden

Eurozone economic sentiment falls in May AFP via EU Business

Wolfowitz faces 'world's hardest job' at World Bank Reuters / Lesley Wroughton

Treasuries Rise on Factory Index Drop; 10-Year Yield Hits 3.99% Bloomberg / Michael McDonald

Economic Quarterly Federal Reserve Bank of Richmond

Andersen Conviction Overturned by U.S. Supreme Court Bloomberg / Greg Stohr

Andersen ... wrong call CNN / Allen Wastler

MA: Mortgage trend poses risks in downturn Boston Globe / Kimberly Blanton

Vegas housing shimmers like desert heat Orange County Register / Jonathan Lansner

Online brokerages talking merger Reuters via CNN

U.S. Treasury Notes Rise as Chicago Purchasers Index Declines Bloomberg / Rodrigo Davies and Michael McDonald

If Your Betting on Jobs Figures, Take the ‘Over’ NY Post / John Crudele

Fed Debates Pricking the U.S. Housing 'Bubble' NY Times / Edmund L. Andrews

U.S. Consumer Confidence Index Rebounds In May The Conference Board

U.S. Chicago Purchasers Index Fell to 54.1 in May Bloomberg / Courtney Schlisserman

U.S. May Consumer Confidence Index Rises to 102.2 Bloomberg / Joe Richter

Russian oil tycoon gets 9 year in prison AP via Houston Chronicle

Day of reckoning dawns for United Airlines Chicago Sun Times / Mary Wisniewski

AIG overstated net income by $3.9 bln Reuters / Chris Sanders

Fear And Loathing Along The Hedge Rows Forbes / Liz Moyer

EU: Voter ire targets ECB over Europe's economic woes Reuters / Stella Dawson

Add Data Revisions to List of Life's Certainties Bloomberg / Caroline Baum

Greenspan's Inflation-Wedgie Euro vs Dollar Currency War Monitor via Safehaven / Alex Wallenwein

More Concern Over Rising Foreclosures Mish’s Clobal Economic Trend Analysis via Safehaven / Mike Shedlock

U.S. Trade Deficit, Defying Predictions, Grows as Dollar Slides Bloomberg / Art Pine

Logjam Ahead for Investors in Money-Market Funds Bloomberg / Chet Currier

Hedge funds are seen as threat to central banks' role Reuters via IHT / Natsuko Waki

EU: After the Vote, No Signs of Collapse NY Times / Floyd Norris

Suddenly, euro isn't looking so good NY Times via IHT / Mark Landler

Latest fad in housing: Buy, then rent Christian Science Monitor / Ron Scherer

NY: Middleman Now Rich Man in Real Estate Boom NY Times / Motoko Rich

European integration at crossroad Christian Science Monitor / Peter Ford

EU: Yes, the Sixties were groovy - but it's time for Europe to embrace the modern world Telegraph / Stephen King

Australia's Retail Sales Unexpectedly Decline 0.5% Bloomberg / Victoria Batchelor

India: Textile Trade Trouble? Bangladesh Has It Worse Bloomberg / Andy Mukherjee

China Lashes Back at U.S., Europe Reuters via Moscow Times / Tamora Vidaillet and Lucy Hornby

NY: Bloomberg's pricey bid to win a second term Christian Science Monitor / Alexandra Marks