Bondhead News Archive

July 16 – July 31

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Paper profits Rocky Mountain News / Jeff Smith

Mid-Year Forecast - More See-Saw Fed Thoughts From The frontline via Safehaven / John Mauldin

Good-Bye, Ruby Tuesday Daily Reckoning via Lew Rockwell / Bill Bonner

Canada: June mutual fund sales hit $1.8 billion CP via Toronto Star

UK: The return of risky business Scotsman / Colin Donald

Keeping bank boom from going bust St. Paul Pioneer Press / Sheryl Jean

Bush brings CAFTA to tough audience Charlotte Observer / Scott Dodd

Market braces for earnings, Greenspan CBS Marketwatch / Ciara Linnane

FL: Official: Dennis Ruined Fla. Cotton Crop AP via Baltimore Sun

Next week: Big earnings & Mr. Greenspan Newsday / Alexandra Twin

China's bid for North American oil raises U.S. concerns over energy, security CP via Financial Post / Beth Gorham

Fidelity investment unit to handle $60b in assets Boston Globe / Andrew Caffrey

G.E. Becomes a General Store for Developing Countries NY Times / Claudia H. Deutsch

NY: Factory activity continues to rebound Buffalo Times / Fred O. Williams

Bush Sells Trade Pact in Hostile Territory NY Times / Elisabeth Bumiller and Edmund L. Andrews

U.S. Treasuries Have Weekly Decline as the Economy Gains Steam Bloomberg / John Dooley and Heather Burke

European Bonds Drop for Third Week as ECB Damps Rate Cut Hopes Bloomberg / Jake Lee

Bloggers Talk About the 'Bubble' LA Times / Annette Haddad

Bill In Senate Blocks CNOOC Bloomberg via NY Post

Morgan Stanley's `Zoe Way'; Housing Bubble: Commentary Review Bloomberg / Ann Woolner

Americans stay home more, stay on the job Dallas Morning News via Arizona Republic / Steve Quinn

A slippery European energy outlook IHT / Katrin Bennhold

Hope of Fed rate rise underpins the dollar Reuters via IHT

Neoliberalism? It doesn't exist IHT / Daniel Altman


Washing Each Other’s Underwear, Paper Shuffling and McMansions Financial  Sense University via Fiend’s SuperBear / Dr. William R. Swagell

Any move to block China from U.S. deals could backfire St. Louis Post Dispatch / David Nicklaus

Will the bull stop hiding? Dallas Morning News / Will Deener

Best strategies to beat the megabubble CBS Marketwatch / Paul B. Farrell

Fewer choose to work for themselves USA Today / Jim Hopkins

NY: Big banks, puny rates Newsday / Susan Harrigan

A 'Smart' take on low rates Dallas Morning News / Danielle DiMartino

When the Bills Come Due, Then What? Wall Street Journal / Kelly K. Spors

A bank's prestige and jobs are on the line Pittsburgh Post Gazette / Dan Fitzpatrick

Merging Systems Hartford Courant / Kenneth R. Gosselin

Global Fund Managers Shop For Firms That Are Tops AP via Hartford Courant / Meg Richards

Treasure or trap Dallas Morning News / Pamela Yip

OR: Downtown real estate prices are ‘on steroids' Bend Bulletin / Eric Flowers

Canada attracting auto jobs South Bend Tribune / Kathy Barks Hoffman

Whirlpool offers to buy Maytag for $2.3B AP via Beaufort Gazette

Is That Big Loser a Dog or a Deal? Wall Street Journal / Jonathan Clements

IRS issues revenue ruling over qualified disclaimer Ft. Meyers News Press / William Edy

Map of a Crime Hartford Courant / Kim Martineau

Listen, Kid, You Have to Be Tough to Make It in This Business Today NY Times / Julie Bick

Greenspan, at end of era, to signal more rate rises Reuters / Alister Bull

U.S. Housing, Spending May Signal Fed to Raise Rates Bloomberg / Carlos Torres

Emerging debt prices seen steady Reuters / Greg Brosnan

Wider probe into US exchanges FT / David Wighton, John Dizard and Stephanie Kirchgaessner

Evaluating ways to nix mortgage insurance AP via Philadelphia Inquirer

Real estate schools draw diverse crowd Arizona Republic / Stephanie Paterik

Good Economic News May Not Boost Stocks AP via Forbes

Out of favor but in the money? Milwaukee Journal Sentinel / Kathleen Gallagher

401(k) lesson from WorldCom goes unlearned Philadelphia Inquirer / Jeff Brown

Retailer Kohl's makes turnaround with new brands Reuters / Angela Moore

Don't shed tears for Ebbers Pittsburgh Tribune Review / Jack Markowitz

Gas prices aren't deterring vacationers AP via NJ Post / Jeannine Aversa

Labor's Love's Lost Philadelphia Inquirer / Jane M. Von Bergen

China's complex U.S. connections San Francisco Chronicle / David Armstrong

California Muni Bond Yields Still Appealing LA Times / Tom Petruno

'90s real-estate crash unlikely in today's market Baltimore Sun / Jay Hancock

Forget political spin, economic truths led to shrinking deficit Boston Globe / Charles Stein

Online banks pay higher interest on savings Baltimore Sun / Eileen Ambrose

Show Me The Money NY Post / Terry Keenan

Short-, long-term rates' proximity may mean trouble Universal Press Syndicate via Orange County Register / Brendan Boyd

Fund companies hoping for breather after change at SEC LA Times via Baltimore Sun / Tom Petruno

Surplus days aren't here again Minneapolis Star Tribune / Mike Meyers

Wall Street loves them; consumer groups don't San Diego Union Tribune / Sarah Skidmore

Many plan to retire with too little squirreled away Chicago Tribune via Newsday

Keyless cars going mainstream Cincinnati Enquirer / Robert Schoenberger

An energy answer in our own backyard Houston Chronicle / Lynn J. Cook

Coal to Surpass Oil in Colombia Exports AP via NY Post / Andrew Selsky

UK: No property boom, no inflation, no rate rises: you've never seen anything like it in your life Independent / Hamish McRae

US economy emerges from its budget deficit Scotsman / Bill Jamieson

Here's a Social Security Plan That's Really Two Plans NY Times / Daniel Altman

CO: Housing Goes Frothy to Flat in Denver Area NY Times / Motoko Rich

CEO Scandals Create Ripples Throughout Workplace Hartford Courant / Dan Haar

The boom is back Guardian Observer / Heather Connon        

The Blurry Boundaries of Growth and Value NY Times / Conrad De Aenlle

Dude, You're Getting a Loan NY Times / Gretchen Morgenson

For Now, the Grass Is Still Greener in Foreign Markets NY Times / Jonathan Fuerbringer

Robin Hoods or Legal Hoods? NY Times / Timothy L. O’Brien and Jonathan Glater

UK: Don't look now, but housing's on a cliff edge Guardian Observer / Nick Mathiason

China 'no excuse' for UK weakness Guardian Observer / Heather Stewart and Oliver Morgan


Self-Storage Nation Slate / Tom Vanderbilt

Building up to a collapse Dallas Morning News / Danielle DiMartino

Living in the Dream Economy Dallas Morning News / Scott Burns

Dollar little changed in Asia AP via Seattle Post Intelligencer

Econ adviser to keep mum on Fed successor AP via Beaufort Gazette

IL: Feds charge 'massive fraud' in city hiring Chicago Tribune / Matt O’ Conner

Investors turn on hedge funds CNN / Amanda Cantrell

Hedge funds shake up lending arena Wall Street Journal via Pittsburgh Post Gazette / Henry Sender

Picking funds proves tricky CBS Marketwatch / John Spence

Oil prices set to soar Toronto Star / David Olive

Early investors in Google make new bet on e-commerce startup AP via Pittsburgh Post Gazette / Michael Liedtke

Fox Unifies Web Businesses via Forbes and Google News / Michael Learmonth

Taiwan: Poor quality news media is isolating the country Taipei Times / Chang Bao-yuan

Real Bills, Phony Wealth Lew Rockwell / Robert Blumen

Why My Generation Loved Western Movies Lew Rockwell / Gary North

U.S. accountant shortage drives salaries up sharply Reuters / Emily Chasan and Arindam Nag

TX: Young homebuyers banking on options Dallas Morning News / Jordan Robertson

Euro close to fair value, but for how long? Reuters / Katie Hunt

Gold futures close with a modest loss AFX via Forbes

The Bond Market Fix / Faris Nabulsi

SunGard to Sell $1.25 Bln of Junk Bonds; Demand Rises Bloomberg / David Russell

Brazil Swaps 2014 Bonds for New Debt to Reduce Costs Bloomberg / Elzio Barreto

Citigroup, Bank of America Profit Cut by Fixed Income Bloomberg / Justin Baer and Will Edwards

Greenspan says expect moderate growth Reuters / Mark Felsenthal

President's economic adviser says oil prices strain families and businesses but not growth AP via San Diego Union Tribune / Jeannine Aversa

IBM 2nd-Qtr Profit Gains 6.6% on Sale of PC Business Bloomberg / Rebecca Barr

CA: Home prices cooling? Orange County Register

U.S. housing starts likely to hit second-highest number on record Financial Post via / Jonathan Ratner

Poll: More companies see skilled labor shortage AP via USA Today

Average U.S. savings rate falls far short, experts say Chicago Tribune via The State / John Lux

Bank: No law against 'banking while intoxicated' AP via Newsday

Yen benefits from weaker oil FT / Steve Johnson

Now's a good time for CDs Detroit Free Press / Susan Tompor

Economic Trends July 2005 Federal Reserve Bank of Cleveland

Review and Preview Morgan Stanley /  Ted Wieseman and David Greenlaw

Buy TIPS, Sell Bonds Morgan Stanley /  Richard Berner

Convergence Morgan Stanley / Stephen Roach

Grains, soybeans retreat AP via NJ Post

Monday World Gold Prices AP via NJ Post

USD Likely to Overshoot in Q3 Morgan Stanley /  Stephen Jen

In at the Top Forbes / Neil Weinberg

Fidelity's Top Ten Managers Forbes / Jim Lowell

Helter Shell-Ters NY Post / Christopher Byron

SEC probes Fidelity's 'dwarf' party? Reuters via CNN

Calpine Pique NY Post /  Roddy Boyd

'Business Combo' Proposal Creating Rifts / Ed  Zwirn

Red storm ahead CNN / Lou Dobbs

Bring Back Clinton -- Just His Spending Habits Bloomberg / Kevin Hassett

EU: Jobs or Wages? Morgan Stanley / Eric Chaney

Italy: Building up the Second Pillar Morgan Stanley / Vincenzo Guzzo

Treasurys weaker after TICS report CBS Marketwatch / Leslie Wines

US Treasuries lower, market waiting for Greenspan Reuters

US net capital inflows $60.0 billion in May Reuters

Oil Drops on Signs U.S. Supplies Enough to Counter Hurricanes Bloomberg / Alejandro Barbajosa

Interest-Only Home Loans Pose Perils, Possibilities Bloomberg / John Wasik

MBNA Second-Quarter Profit Dips on Charge Newsday

Citigroup profit jumps, misses estimates Reuters / Jonathan Stempel

Bank of America profit rises, beats views Reuters / Jonathan Stempel

For Bob Laurent, Economics Was Just Common Sense Bloomberg / Caroline Baum

Philippines seeks economic rescue BBC News

EU: Stop the euro - we may want to get off Guardian / Ashley Seager

UK: Economic cost of attacks estimated at £2bn Independent / Philip Thornton

UK: Economic ills did not begin with inflation Independent / Stephen King

UK: Firms 'optimistic' about economy Evening Standard – This is London

Why the healthcare crisis won't go away Christian Science Monitor / David R. Francis

US economy, production and jobs Brookes News / Gerard Jackson

CA: L.A.'s lofts lure what downtown has lacked: residents Christian Science Monitor / Sara B. Miller

Whose Oil Is It? Property Rights at Issue in China NY Times / Howard W. French

Unocal deal tests US stance toward China Christian Science Monitor / Peter Grier

Bush loses some luster on credibility Christian Science Monitor / Linda Feldmann

Treasuries Likely to Decline as Greenspan Signals Higher Rates Bloomberg / John Dooley and Mark Tannenbaum

Dollar Near 13-Month High Before U.S. Asset Purchase Report Bloomberg / Yumi Kuramitsu

Dollar May Gain as Greenspan Seen Signaling More Rate Increases Bloomberg / Richard Blackden

Crude Oil Rises as Pemex Shuts Offshore Output for Hurricane Bloomberg / Gavin Evans

Austria Shows Sick German Cousin the Way Ahead Bloomberg / Matthew Lynn



Who Suffers From Inflation? Slate / Daniel Gross

Corn Dog Slate / Robert Bryce

Creative Destruction . . . Daily Standard / Irwin Stelzer

Inflation Expectations The Speculative Investor via Safehaven / Steve Saville

Gambling Craze, Real Estate Mania, Bernie Ebbers, and the "Last Gasp" Top Clif Droke Market Analysis via Safehaven / Clif Droke

Quiet confidence from Greenspan CBS Marketwatch / Greg Robb

Motorola Beats Views With $933M Profit AP via Chicago Tribune / Dave Carpenter

State Street earnings flat as expenses rise Investment and Pensions Europe

What Kind Of Conservative? Forbes / Daniel Fisher

N.Y. Thruway Deal Put on Hold for Now Bond Buyer / Robert Whalen

CA: Slow Down That Train Bond Buyer / Rich Saskal

Fed chief's tone likely to be rosy Dallas Morning News / Danielle DiMartino

Pay outpacing inflation AP via Denver Post / Millie Munshi

Intel's 2Q Earnings Jump 16 Percent AP via Baltimore Sun / Matthew Fordahl

Suspense is high over HP restructuring plan Sacramento Bee / Jack Sirard

Haier Drops Maytag Bid, Leaving Whirlpool, Ripplewood Bloomberg / Mark Clothier

Can the Chinese be king of the road? AP via Tacoma News Tribune / Elaine Kurtenbach

Regulators to clamp down on tax shelters Reuters via CNN

Wachovia profits up 32 percent Charlotte Observer / Rick Rothacker

PA: PNC Financial plans to cut 3,000 jobs Philadelphia Inquirer / Joseph N. DiStefano

Inflation Convergence Morgan Stanley / Stephen Roach

Yield curve still points to growth - Cleveland Fed Reuters

The Importance of Innovation to Our Regional Economy Federal Reserve Bank of Cleveland / Sandra Pianalto

Producer, Entrepreneur, and the Right to Property Ludwig von Mises Institute / Israel M. Kirzner

US Treasuries gain on views Greenspan priced in Reuters

Merrill avoids bond market turmoil FT / David Wells

Emerging debt-Spreads widen on supply, Brazil woes Reuters / Greg Brosnan

U.S. Republicans introduce tough immigration bill Reuters / Alan Elsner

Yahoo Net Rises; Shares Slide as Sales Miss Estimates Bloomberg / Jonathan Thaw

RadioShack profit plummets 23 percent Bloomberg via Dallas Morning News

Merrill, State Street flag divide among investors Reuters / Jeremy Gaunt

Citigroup Investors Say Weill May Be Distraction Bloomberg

Steady interest rate rises seen in US, ECB on hold Reuters / Ruth Pitchford

DC: Lenders flock to D.C. mortgage market Washington Times / Tom Ramstack

San Francisco area median home price tops $600,000 Reuters

Feds Are Just Like Bernie NY Post / John Crudele

Greenspan Opens in New Haven to Negative Reviews Bloomberg / Caroline Baum

Tuesday Gold Coin Prices AP via  NJ Post

Regional Highlights Federal Reserve Bank of Philadelphia

Housing starts unchanged in June AP via Baltimore Sun / Martin Crutsinger

New Residential Construction U.S. Census Bureau

The Leak In Japan's Titanic Forbes / Jerry Flint

Troubled HP to cut one in 10 jobs BBC News

Dollar rallies ahead of Greenspan CNN

Ford 2nd-Qtr Profit Falls 19% on U.S. Sales Decline Bloomberg / Bill Koenig

International Paper to Shed Assets to Reduce Debt Bloomberg / Darrell Hassler

FL: Median home price soars to $240,000 South Florida Sun Sentinel / Jack Snyder

CA: Rise in Southland Home Prices Slows LA Times / Annette Haddad

Fed Seeks Clues to Stop Increases as Rates Approach `Neutral' Bloomberg / Art Pine and Craig Torres

`Destruction of Lower Manhattan' Is Chronicled in 1960s Photos Bloomberg / Joe Mysak

Stock Market Does Its Part for Economic Wellness Bloomberg / Chet Currier

Greenspan report boosts yields FT via Google News / Richard Beales and Joanna Chung

Greenspan sees oil price effect AP via Minneapolis Star Tribune / Jeannine Aversa

The Great Debt  via Safehaven / Joshua Fritsch

For Some, the Tax Cut on Investment Income Is Not as Sweet as Advertised NY Times / David Cay Johnson

Australian Dollar Gains on Speculation Metals Exports to Rise Bloomberg / Chris Young

UK: Economy expected to hold fast Guardian / Ashley Seager, Charlotte Moore and Heather Long

Germany and France fight deficit Guardian / David Gow

China: Deals by new bank stars transform China economy NY Times via IHT / David Barboza

Can India, U.S. Get Over Enron, Talk Wal-Mart? Bloomberg / Andy Mukherjee


Good Old Fashioned Fiscal Discipline Tech Central Station / Pavel Kohout

Dollar declines in Asian trading AP via Bradenton Journal

Crude futures continue to slide AP via Bradenton Journal

Change is good for index Dallas Morning News / Danielle DiMartino

What Really Counts Daily Reckoning via Lew Rockwell / Bill Bonner

More power, more productivity CBS Marketwatch / Andrea Coombes

Connecting The Dots Harvest Advisors via Safehaven / Tony Sagami

Bond market worried about inflation? CBS Marketwatch / Mark Hulbert

Statement from The Bond Market Association on the MSRB's Newly Elected Chair and Vice Chair BMA

Getting Nervous About Google / Monica Rivituso

Maryland Reports Surplus of $1 Billion Washington Post via / John Wagner

SC: Mortgage scams on rise, along with foreclosures The State / Noelle Phillips

Death Tax at Death’s Door? National Review / Bruce Bartlett

Room to GROW National Review / Deroy Murdock

Greenspan Doesn't Stick Neck Out in Swan Song Bloomberg / Caroline Baum

Greenspan sees good times ahead CBS Marketwatch / Greg Robb

Venezuela Bonds Fall as Congress Lets Chavez Spend Reserves Bloomberg / Alex Kennedy

Why Are So Many People Pessimistic? Lew Rockwell / Gary North

The Global Economy as a Movie Business Week via MSNBC / Michael Mandel

Mexico: The Link Continues Morgan Stanley / Gray Newman and Luis Arcentales

China: Still Boiling in 2Q05 Morgan Stanley / Denise Yam and Andy Xie

Ford bonds gain after Fitch downgrade AP via NJ Post

Treasuries mixed, inured to Greenspan rate chatter Reuters / Pedro Nicolaci da Costa

Greenspan inspires greenback FT / Steve Johnson

EBay's profit up 53 percent, shares rise Reuters / Lisa Baertlein

Sara Lee sees $472 million in restructuring charges AP via Chicago Sun Times

Jury convicts none but exonerates none in Enron Internet trial Houston Chronicle / Mary Flood

Double danger in downsizing Sacramento Bee / Gilbert Chan

Grasso: Open to Settling NYSE Suit Newsday / Michael J. Martinez

Las Vegas housing stays hot thanks to short supply Las Vegas Sun / Kevin Rademacher

CA: Average area rent remains at $916; vacancies fall Sacramento Bee / Andrew LePage

Russia: Corruption 'skyrockets' in Russia BBC News / Steven Eke

Greenspan keeps focus on housing market MSNBC via 1st Headlines / Martin Wolk

Greenspan Expects Sustained Growth, Measured Pace Bloomberg / Craig Torres

Greenspan says GSE bill must address portfolios Reuters

Return To Sender Forbes / Ashlea Ebeling

Earnings engine failing to deliver full power to stocks Chicago Tribune /Bill Barnhart

AMR's second-quarter profit soars Dallas Fort Worth Star Telegram / Trebor Banstetter

Weill Thing NY Post / Paul Tharp

JPMorgan Chase Beats Reduced Profit Target AP via Baltimore Sun / Eileen alt Powell

Bank of New York profit beats views, shares jump Reuters / Jonathan Stempel

Fund Sues Morgan Board Over Pay NY Post / Jennifer Gould Keil

Private insurers can't handle terror risk-Greenspan Reuters

Economic Trends in the Desert Southwest Federal Reserve Bank of Dallas

Dallas Fed keys in on border Dallas Morning News / Angela Shah

Greenspan warns on rising rates BBC News

Greenspan warns on fuel, housing CNN / Aaron Smith

School Spending To Cool NY Post / Suzanne Kapner

China yuan peg distorts financial system-Greenspan Reuters

Wanted: Strong leaders to rescue euro zone Reuters / Stella Dawson

CA: More hotels are creating condos San Francisco Chronicle / David Armstrong

Greenspan warns of "speculative fervor" in housing Reuters

U.S. Treasury Notes Fall; Greenspan Says Rates Must Increase Bloomberg / Michael McDonald and Al Yoon

Greenspan’s last words? The Economist

Monetary Policy Report to the Congress Federal  Reserve Board / Alan Greenspan

Monetary Policy Report to the Congress pdf Federal Reserve Board / Alan Greenspan

US to continue raising interest rates FT

Greenspan signals interest rate increases aren't over AP via Houston Chronicle

Mortgage applications rise Reuters via CNN

Another tech-stocks bubble? The Economist

GM Posts Q2 Loss, Misses Wall St. Forecast AP via Forbes

Kodak to cut up to 10,000 more jobs, reports 2nd quarter loss AP via South Florida Sun Sentinel

Grains, soybeans retreat; pork advances AP via Seattle Post Intelligencer

CO: Cement shortage may hit state soon Denver Post / Margaret Jackson 

Greenspan May Remain Chairman a Little Longer Bloomberg / John M. Berry

Greenspan Faces Lawmakers' Questions on Rates, Housing, Jobs Bloomberg / Vivien Lou Chen

It's Time for Philly to Try a Bond Auction Sale Bloomberg / Joe Mysak

Bank Risks Boosted by Beggar-Thy-Neighbor Loans Bloomberg / Mark Gilbert

UK: How Brown bent his Golden Rule to keep the public finances in line Independent / Philip Thornton

Yen May Drop as Koizumi Struggles to Win Postal Sale Bloomberg / John Brinsley

Rapid pace of home-building slows down Christian Science Monitor / Ron Scherer

The Urban Migrants NY Times / Roben Farzad

A New Approach on Social Security Reform Tech Central Station / James K. Glassmna

The Contest Between Taxeaters and Taxpayers Tech Central Station / Orrin Judd

One billion mobile phones to be bought every year Guardian / Richard Wray

China's demand for steel slows, but the mills keep churning IHT / David Lague

China 2nd-Qtr Growth Unexpectedly Accelerates to 9.5% Bloomberg

How Effective Is This Ad, in Real Numbers? Beats Me NY Times / Stuart Elliott

Money Doesn't Buy Happiness -- But Nothing Does Bloomberg / Matthew Lynn

Keeping the Bank of Japan Hawks in Check Bloomberg / William Pesek Jr.

Oil down as storm fears ease AP via Australian Financial Review and Google News


NYSE submits Archipelago merger filing USA Today / Greg Farrell

China Revalues; Trade Gap Still a Basket Case Bloomberg / Caroline Baum

Canadian bonds to outperform Globe and Mail / Allan Robinson

Cracks In The IRS Crack Down Business Week via MSNBC / Howard Gleckman

Convertibles funds offer stock exposure plus income Marketwatch / Jonathan Burton

Copper shines, but supply blurs view Marketwatch via 1st Headlines / Myra P. Saefong & Rex Nutting

Gold nears $426 in broad metals rally Marketwatch via 1st Headlines / Myra P. Saefong & Rex Nutting

CA: Area rental prices ignore housing bubble San Francisco Chronicle / Kelly Zito

CA: Rents in area up 6.2% AP via Orange County Register

TN: Apartment sector grows slowly while condos soar Tennessean / Richard Lawson

Microsoft Profit Rises 38% on Tax Benefit; Sales Gain Bloomberg / Dina Bass

Banknorth says 2Q earnings flat on merger-related issues AP via Boston Herald

Mind your language The Economist

The Man Behind the 'Smart' ETF Smartmoney / Lisa Scherzer

A Taxing Question Smartmoney / Aleksandra Todorova

China to the rescue Marketwatch / Dr. Irwin Kellner

China lets the yuan rise The Economist

Dollar down against euro, yen AP via New Jersey Post

Canada: Bankruptcies rise in May Ottawa Business Journal

Global: No Bottlenecks without a Bottle Morgan Stanley / Stephen Roach

Global: Tariffs, Textiles and China Morgan Stanley / Jeffrey Matsu

France: A Political Lesson from French Consumers Morgan Stanley / Eric Chaney

France: Overreacting? Moi? The Economist

UK: Terror returns to London The Economist

China: Booming Inner Mongolia Morgan Stanley / Andy Xie

The conundrum of the glass ceiling The Economist

Retirement? What retirement? San Jose Business Journal

Junk debt buyers beware Dallas Morning News / Danielle DiMartino

Funds take in $1.5 billion in week Marketwatch / Jonathan Burton

Financial markets taken by surprise FT / Steve Johnson and Gillian Tett

How fat people could save American business Slate / Daniel Gross

Treasuries dive, China move seen tempering demand Reuters / Pedro Nicolaci da Costa

White House hails revaluing of yuan AP via Baltimore Sun / Martin Crutsinger

Monetary Policy Perspectives on Risk Premiums in Financial Markets Federal Reserve Board / Donald L. Kohn

Minutes of the Federal Open Market Committee Federal Reserve Board

Trends in Federal Funds Rate Volatility Federal Reserve Bank of New York

What Greenspan didn't know CNN

Housing prices loom as concern Milwaukee Journal Sentinel / Avrum D. Lank

FL: Rate hikes not over for Floridians AP via Orlando Sentinel / John Pain

Greenspan discounts flat yield curve Marketwatch via 1st Headlines / Rex Nutting

Treasurys suffer in step with dollar Marketwatch / Rachel Koning

New Greenspan term urged AP via Pittsburgh Tribune Review

Mortgage rates post third week of gains CNN

Business Outlook Survey Federal Reserve Bank of Philadelphia

Maquiladora Employment Federal Reserve Bank of Dallas

Oil prices fall following London blasts AP via  Houston Chronicle / Brad Foss

China's Currency Fig Leaf Forbes / Paul Maidment

What We Mean by Decentralization Ludwig von Mises Institute / Llewellyn H. Rockwell, Jr.

Gilding the technology lily Marketwatch / Peter Brimelow

Legally downloaded music triples in 2005 AP via Seattle Times / Jane Wardell

U.S. Treasuries Drop After China Ends Decade-Long Peg to Dollar Bloomberg / Michael McDonald

Global Credit Quality Continues Climb / Stephen Taub

Greenspan repeats Fed to keep raising U.S. rates Reuters

Fed 'minutes' could send key signals CNN / Kathleen Hays

Chicago Fed national activity index up in June Reuters

Hyper-inflation: where, why and when Bullion Vault via Fiend’s Sup[erBear Page / Paul Tustain

Yen Soars After China Ends Its Decade-Long Peg to the Dollar Bloomberg / Joshua Krongold and Jake Lee

China revalues yuan CNN / Chris Isidore

Bush Welcomes China's Currency Change AP via Forbes

NY: Home prices have LIers goin' condo Newsday / Tomoeh Murakami Tse

Fastest growing housing markets CNN

Lower-payment options' dangers Philadelphia Inquirer / Jeff Brown

Nasdaq roars to 4-year high as rally rolls USA Today / Adam Shell

Ericsson upgrades outlook on strong second-quarter FT / Rupini Bergström and Christopher Brown-Humes

Brazil Jobless Rate Declines to Record; Wages Gain Bloomberg / Guillermo Parra-Bernal

Interest Rates are Headed Higher in the Long Term Safehaven / Bud Conrad

UK's BOE is Increasingly Dovish Northern Trust via Safehaven / Victoria Marklew

UK: Brown may miss budget forecast Guardian / Charlotte Moore

UK: King's casting vote pegs rates but cut is on way Telegraph / Malcolm Moore

UK: Government deficit could hit £50bn, warn economists Independent / Philip Thornton

UK: Bank hawks want to wait until the Inflation Report before acting on interest rates Independent / Jeremy Warner

Deflation is NOT a Pure Monetary Phenomenon M2 via Safehaven / John MacKenzie

China's economy grows despite effort to slow IHT / Chris Buckley

China's US ambitions thwarted as two major bids scuppered Telegraph / Richard Spencer

BondWorks Institutional Advisors via Safehaven / Levente Mady

Dollar Bulls Gain Momentum; JPMorgan, Morgan Stanley See Rally Bloomberg / Richard Blackden

Dollar Falls as Greenspan May Say Inflation Is Under Control Bloomberg / Kosuke Goto

China's GDP Report to Boost Yuan Speculation Bloomberg / Andy Mukherjee

Japan June Trade Surplus Falls for Third Month on Oil Bloomberg / Lily Nonomiya



The Meltdown of the German Welfare State Ludwig von Mises Institute / Frank Vogelgesang

To Survive, Unions Must Head Back to Their Roots Washington Post / Steven Pearlstein

Currency Basket Cases National Review / Larry Kudlow

Dollar adjustment to shift from euro with yuan move Reuters / Sabyasachi Mitra

Assessing China’s Mini-Float National Review / David Malpass

Knucklehead Economics National Review / Tom Nugent

Keynesian Sleights-of-Hand National Review / Michael T. Darda

Cheering China's baby steps CNN / Kathleen Hays

Yearning for Yuan Clarity Business Week via MSNBC / Peter Coy

Renminbi’s tight rein a damper on US hopes FT / Mure Dickie

Understanding the Twin Deficits: New Approaches, New Results Federal Reserve Bank of San Francisco

US Treasuries take off on flight-to-safety buying Reuters

Fitch downgrades Toys R Us debt AP via Newsday / Jeffrey Gold

Experts differ on nation's ability to absorb losses AP via Houston Chronicle / Ben Dobbin

Mexico Bonds May Extend Rally as Oil Prices Gain Bloomberg

GDP should show healthy economy Marketwatch / Rex Nutting

Kimberly-Clark Net Drops; Up to 6,000 Jobs to Be Cut Bloomberg / Shobhana Chandra

Whirlpool Raises Bid for Rival Maytag to $18 a Share Bloomberg / Mark Clothier

Brazil Swaps $4.4 Bln Debt, Shedding Default Heritage Bloomberg / Elzio Barreto

On tap: 401(k), version 2.0 CNN / Jeanne Sahadi

Hold your Seats NY Post / Paul Tharp

Happy 81st birthday, Richard Russell! Marketwatch / Peter Brimelow

TX: Home prices take slow path Dallas Morning News / Steve Brown

Ford white-collar job cuts planned? CNN

Microsoft's new operating system named "Vista" Seattle Times via 1st Headlines / Brier Dudley

More restatements by insurers seen Marketwatch  / Alistair Barr

CA: Heat's Grip Too Much for Southland Grid LA Times / Elizabeth Douglass and Marc Lifsher

CA: State's Trade Ties Mean the Money Move Matters LA Times / James F. Peltz

Friday World Gold Prices AP via NJ Post

'Made in China' just got a bit pricier AP via Modesto Bee / Martin Crutsinger

Asian Currencies Surge After China Lets Yuan Gain Versus Dollar Bloomberg / Christina Soon

Yen Drops on Speculation China Revaluation Rally Was Excessive Bloomberg / Jake Lee

China's revaluation of yuan to have little economic effect San Francisco Chronicle / David Armstrong

UK economic growth slowest for 12 years FT / Friederike Tiesenhausen Cave

Google's best not enough CNN / Krysten Crawford

Maytag Board Turns Down Whirlpool Bid NY Times / Andrew Ross Sorkin

'Bankrupt' still tiptoed around Cincinnati Enquirer / James Pilcher

Pacific Exchange evolving San Francisco Chronicle / Jenny Strasburg

Greenspan Era Taught People to Gamble NY Times / Floyd Norris

Fed Panel Divided on Target for Key Rate Washington Post / Nell Henderson

Greenspan Points to Dangers of a Volatility Trap Bloomberg / Chet Currier

New Yorkers Should Swap Votes for Answers on Bonds Bloomberg / Joe Mysak

Exchange rates against the dollar The Economist

Chinese bow to US pressure and liberate yuan Scotsman / Colin Donald

Chinese bite bullet on renminbi reform, but it's not enough to buy off the protectionists Independent / Jeremy Warner

China makes major shift on currency Christian Science Monitor / Ron Scherer

UK: Retail sales surge could delay rate cut Independent / Philip Thornton

Stop Partying John Snow -- GDP Forced China Bloomberg / William Pesek Jr.

Yen Declines on Speculation Japan Will Sell After China's Move Bloomberg / John Brinsley

Price Tags Stay the Same at Wal-Mart NY Times / Keith Bradsher

Korean Won, Taiwan Dollar May Gain Most on Yuan Move Bloomberg / Yumi Kuramitsu

China Has Revalued Yuan; What Happens Next? Bloomberg / Andy Mukherjee

Yen Heads for Biggest Weekly Climb in Three Months on China Bloomberg / Kosuke Goto

Russia: Retail Sales Up 12.5% in June Bloomberg via Moscow Times / Halia Pavliva


Those Clever Chinese Thoughts From The Frontline via Safehaven / John Mauldin

Canada: Inflation 'remarkably calm' CP via London Free Press

WA: Port panel OKs project bonds Tacoma News Tribune / Kelly Kearsley

Homebuilders Are About to BARF Safehaven / Dan Basch

Working through union troubles Milwaukee Journal Sentinel / Joel Dresang

U.S. 10-Year Notes Drop for Fourth Week on Greenspan, Yuan Move Bloomberg / Michael McDonald and Heather Burke

China Says Yuan Revaluation May Ease U.S. Deficits Bloomberg / Luo Jun and Tian Ying

CO: Condos shoot for the sky Rocky Mountain News / John Rebchook

List of Fed board candidates grows Reuters via ABC News and 1st Headlines / Tim Ahmann and Caren Bohan

CalSTRS reports returns of 11.1% Sacramento Bee / Jim Wasserman

Money fund yields on the rise Marketwatch via Minneapolis Star Tribune / Chuck Jaffe

IL: Feds: Chicago Underestimating O'Hare Costs AP via LA Times / Megan Reichgott

FL: Storm threat boosts hiring in Florida South Florida Sun Sentinel / Niala Boodhoo

Oil prices' pain is less than expected AP via Minneapolis Star Tribune / Rachel Beck

Real Estate Market a Gamble AP via Newsday / Matt Crenson

UK: Industry sinks back into recession Guardian / Ashley Seager

U.S. Bonds Still Seem Good Bet for Foreigners LA Times / Thomas S. Mulligan

European Bonds Log Gain on Week Amid Pessimism About Growth Bloomberg / Rodrigo Davies

FL: Quick housing flips getting harder to do Orlando Sentinel / Richard Burnett

China and the U.S. Embark on a Perilous Trip NY Times / Louis Uchitelle

China's central bank chief says yuan move can't influence a huge US economy Reuters via CNN

Corporations hit labor hard with layoffs San Francisco Chronicle / Tom Abate

Donaldson: The Exit Interview NY Times / Joseph Nocera

Is Nominee Ideal for SEC or Too Nice to Business? LA Times / Jonathan Peterson and Jean O. Pasco

Senators to look at repeal of estate tax next week AP via Houston Chronicle

U.S. Congress Failed at Tax Break Repeal, WTO Says Bloomberg / Warren Giles

A Glimpse Inside U.S. Tax Court and How It Made a Decision NY Times / Louise Story

CA: Power Emergency Declared for 2nd Day LA Times / Marc Lifsher

Aviation insurer says Goodyear tires faulty Denver Post

Coke is still world's most valuable brand Guardian / Jill Treanor

Modern barbers offer upscale shops, services AP via Dallas Fort Worth Star Telegram / Sarah Anderson


Regulator Seeks to Fill Gaps in Securities Law LA Times / Kathy Kristof

Lieutenants rise in rank USA Today via / Rick Hampson

Yuan revaluation good for world economy Milwaukee Journal Sentinel / Tom Saler

10 Questions for Jeff Bezos Time / Jeffrey Ressner

More than oil, more than trade, the U.S. needs ideas that work Pittsburgh Tribune Review / Gregory M. Drahuschak

News consumers become their own editors AP via Houston Chronicle / Anick Jesdanun

Shoppers likely to feel Chinese currency change AP via Houston Chronicle /  Martin Crutsinger

J.D. Power cozy with winners San Francisco Chronicle / David Lazarus

A mixed message on housing Dallas Morning News / Danielle DiMartino

Dollar rebounds in early Asian trading AP via NJ Post

Emerging debt investors eye Brazil scandal, China yuan Reuters / Walker Simon

Borrowers' buffet Dallas Morning News / Pamela Yip

Maytag sees potentially better deal with Whirlpool Reuters / Karen Jacobs

Maytag Hesitant to Open Books to Whirlpool La Times via 1st Headlines / David Pitt

Boards Get Serious NY Post / Terry Keenan

Weill Talks Breakdown Over 2+ Days Pay NY Post / Eric Moskowitz

Retirement Reservations Washington Post / Jonathan Weisman

US boycott threatens to split unions FT / Dan Roberts, Holly Yeager and Andrew Parker

Job Market in W.Va. Defies Efforts to Reform Welfare Washington Post / Evelyn Nieves

MS: Rising number of older Americans choose to work past retirement age Clarion Ledger / Nell Luter Floyd

A Tenacious CEO Keeps United Flying LA Times / James F. Peltz

CA: Skyrocketing appreciation seems a thing of the past LA Daily News / Gregory J. Wilcox

MN: Housing bonanza or bubble? St. Paul Pioneer Press / Jennifer Bjorhus

MN: Betting the mortgage: Risky loans stir debate St. Paul Pioneer Press / Sheryl Jean

Should we hear from companies more often than four times a year? AP via Pittsburgh Post Gazette

Yuan only one factor in rates San Francisco Chronicle / Kathleen Pender

Bonds Hard To Gauge In Muddled Market AP via Hartford Courant / Michael J. Martinez

Are Fidelity investors' returns dwarfed? Boston Herald / Brett Arends

Squeezing Oil From Wells That Others Give Up On LA Times / Dana Calvo

Growth Undaunted by Record Energy Prices: U.S. Economy Preview Bloomberg / Carlos Torres

China's baby step unlikely to leave big footprint on U.S. economy Baltimore Sun / Jay Hancock

How China Influences U.S. Rates Wall Street Journal / E.S. Browning

CA: Housing divide Orange County Register / Mary Ann Milbourn

Real estate loses some of its allure Chicago Tribune / Janet Kidd Stewart

Homeowners cautioned to steer clear of option ARMs Baltimore Sun / Eileen Ambrose

CO: A house that pays Denver Post / Jeffrey Bacon

A five-pack of quarterly enlightenment Denver Post / Al Lewis

Earnings blowout, week 2 CNN / Alexandra Twin

Against the Odds, Small Stocks Roll On Wall Street Journal / Scott Patterson

Letting air out of protectionism Philadelphia Inquirer / Andrew Cassel

Reynolds' 'compromise' bill may save CAFTA Buffalo News / Douglas Turner

IL: Showdown in the city for labor Chicago Tribune / Stephen Franklin

On brink of splitting, AFL-CIO mulls future Buffalo News / Fred O. Williams

CO: New rush for uranium Denver Post / Nancy Lofholm

China rivals go to war for MG Rover Guardian / Frank Kane and Oliver Morgan

Deflation and the Kennedy Half Dollar New Era Investor via Safehaven / Roland Watson

Follow the Bouncing Forecast NY Times / Jonathan Fuerbringer

The School That Skipped Ethics Class NY Times / Gretchen Morgenson

AZ: Bubble trouble? Arizona Republic

Who's Afraid of China Inc.? NY Times / Steve Lohr

The Green Machine That Could Be Detroit NY Times / Daniel Akst

Cigarettes, Taxes and Thin French Women NY Times / Daniel Gross

Revaluing the yuan is a sign of strength, not weakness Guardian / Heather Stewart

UK: High street may not see recovery until Christmas Guardian / Heather Stewart, Sarah Ryle and Nick Mathiason



Mr.Greenspan, care to reconsider? Axcess News via Fiend's SuperBear Page / Paul Petillo

Can the Fed Achieve a Goldilocks Tightening? AEI via Fiend's SuperBear Page / John H. Makin

Bubble's fallout? Two views Dallas Morning News / Danielle DiMartino

No easy way to riches, says real estate investor AP via Contra Costa Times / Matt Crenson

FL: Local real estate market stays white-hot Ft. Meyers News Press

BMA Calls For Re-Introduction of 30-Year Bond Bond Market Association

Randolph Snook Named Executive Vice President and Head of BMA New York Bond Market Association

Big Banks, Big Yields / Aleksandra Todorova

Picking funds like picking cereal Marketwatch / Paul B. Farrell

Vanguard Sets Ties With Broker Rivals NY Post

Monday's Commodities Roundup Dow Jones and AP via Myrtle Beach Sun

Xerox profits jump, but miss expectations AP via Bradenton Journal / John Christoffersen

Maytag: We'll open books to Whirlpool Des Moines Register

Teva to buy Ivax in $7.4 billion deal AP via Seattle Times / Theresa Agovino

The Case for CAFTA National Review / Deroy Murdock

Ex-Lawmakers' Perks Have Other Lobbyists a Bit Peeved Washington Post / Jeffrey H. Birnbaum

Puzzled, not panicked Marketwatch / Peter Brimelow

Dust settles after yuan revaluation Scotsman

EU: Recovery in pooled pension funds Investment and Pensions Europe

U.S. Treasury balances at Fed fell July 22 Reuters

AFL-CIO splinters, spooking some Democrats AP via NJ Post / Ron Fournier

Merrill Lynch unit boosts credit team Reuters

Treasuries slip, fear fresh wave of strong data Reuters / Pedro Nicolaci da Costa

Basel II and Cross-product Netting / Ed Zwirn

Bonds prices fall in quiet session AP via

Fidelity says SEC considering action Reuters / Mark Wilkinson

American Express Profit Rises 16 Percent to a Record Bloomberg / George Stein

Annuities under suspicion Marketwatch / Thomas Kostigen

S&P announces index changes Marketwatch / Gabriel Madway

NYSE seats sell for $2.6 million, just shy of record Reuters via USA Today

Sallie Mae Fires Divisional CFO / Craig Schneider

You deserve a refund for fat CEO pay Christian Science Monitor / David R. Francis

Netflix shares soar as profit climbs Marketwatch / David B. Wilkerson

Texas Instruments Profit Increases 42% on Tax Benefit Bloomberg / Ian King

FL: More apartments go condo as trend spreads through region Orlando Sentinel / Jack Snyder

Oil prices rise after heating oil goes up AP via Houston Chronicle

China's yuan gains against dollar BBC News

Greenback continues bounce back CNN

FL: State warns hotels against price gouging Orlando Sentinel / Jerry W. Jackson

Denver: Stop Whining! Forbes / Leah Hoffman

Untangling pensions Christian Science Monitor / E. Jeanne Harnois

Larry’s Bottom Line Bond Strategist / Lawrence Hartman

The Bond Market Fix Bondquest / Faris Nabulsi

The Roles of Comovement and Inventory Investment in the Reduction of Output Volatility Federal Reserve Bank of Boston / F. Owen Irvine and Scott Schuh

U.S. Treasuries mixed, focus on inflation concerns Reuters

SunGard's $1.25 Billion Bond Sale Shows Rising Junk-Debt Demand Bloomberg / Walden Siew

Morgan Stanley to underwrite $750 mln ABS Reuters

House to Vote This Week on CAFTA Passage Newsmax

No cooling the housing market yet CNN

Calls to tap oil reserve reignited Detroit Free Press / Kevin Hall

Yen slips as renminbi kept in tight rein FT / Steve Johnson

Canada to Lift 7-Year Bank Merger Ban, People Say Bloomberg / Theo Argitis

EU economic reform may weigh on consumer mood Reuters / David Milliken

Risk Premiums and the Fed Morgan Stanley / Richard Berner

Review and Preview Morgan Stanley / Ted Wieseman and David Greenlaw

U.S. June Previously Owned Home Sales Rise to Record Bloomberg / Victor Epstein

This Week in Layoffs / Stephen Taub

Dollar peg gone, reins on yuan live on AP via Washington Times / Elaine Kurtenbach

EU: Inflation Back on the Radar Screen Morgan Stanley / Elga Bartsch

China's Rebalancing Tactic Morgan Stanley / Stephen Roach

Fed's More Concerned About Inflation Than Growth Bloomberg / John M. Berry

Greenspan Era's Few Downturns Fuel Spending Spree, Less Saving Bloomberg / Craig Torres

Moscow Calm About Stronger Yuan Moscow Times / Alex Fak

Fears for the dollar persist NY Times via IHT / Louis Uchitelle

UK: House prices fall for 13th month in a row Independent / Philip Thornton

Why Is Company Pension Funding Such a Big Secret? Bloomberg / John Wasik

A New Worry for Investors: Retirees' Medical Benefits NY Times / Milt Freudenheim

About Those Uninsured Americans.. Tech Central Station / Dr. Bob Newbell

U.S. June Home Resales Seen Rising Near Record, Survey Says Bloomberg / Victor Epstein

Treasurers Exploit Citi-Morgan Rivalry; Raise Power Over Banks Bloomberg / Michael Rothschild

Beijing's currency gesture fails to defuse threat of US protectionism Independent / Stephen King

Justice Roberts Will Be Good for the Economy Bloomberg / Kevin Hassett

U.S. Borrowing Costs May Rise to Four-Year High at Debt Auction Bloomberg / Rodrigo Davies

Treasuries May Fall as China Fuels Inflation Concern Bloomberg / Al Yoon

Bank of England Rate Split to Dominate 100th Vote Bloomberg / Mark Gilbert

The Yuan, the Dollar, and China in the Balance Clif Droke Market Analysis via Safehaven / Clif Droke

How one airline flew back into the black Christian Science Monitor / Alexandra Marks

Corporate cash-saving equals economic strangulation Guardian / Charlotte Moore

Manufacturing trade winds are blowing Asia's way, but what's wrong with that? Guardian / Ashley Seager

China tightens grip on the global purse strings Guardian via Google News / Edmond Warner

A Bull in China's Shop Christian Science Monitor via Google News

It's a long, bumpy road to the next Doha round - and there's still no real route map Guardian / Ian Gillson

VT: She has sales, a firm ... but workers? Christian Science Monitor / Clayton Collins

With Yuan Move, China Shows It's Got Game Bloomberg / William Pesek Jr.

Yen Traders Most Bullish in Almost Two Months After Yuan Gains Bloomberg / Joshua Krongold and Jake Lee


Reason for speculation over yuan Dallas Morning News / Danielle DiMartino

Canada: Loonie drops after statement on China's currency CP via Toronto Star / Rita Trichur

Florida home prices soar anew because so few are on market South Florida Sun Sentinel / Alexandra Navarro Clifton

Feds probe teacher pension fund Chicago Sun Times via / Carol Marin and Chris Fusco

SEC eyes `gifts’ to Fidelity employees: Showing `deep concern' over `wrongful behavior' Boston Herald / Donna Goodison

UMB's second-quarter earnings rise Kansas City Business Journal

Canada: Support for bank mergers sought Toronto Star

The trade-deficit worriers will always have it backwards National Review / John Tamny

Disorganised labour The Economist

How To Invest Like a Supreme Court Justice Slate / Henry Blodget

What Happened to Brotherhood and Solidarity? Tech Central Station / Bryan O'Keefe

China: What Can 2% Do? Morgan Stanley / Andy Xie

Latin America: Renminbi Relief Morgan Stanley / Gray Newman and Luis Arcentales

China's Revaluation: Don't Fret Business Week via MSNBC / Rich Miller

Malaysia: Floating Ringgit and ‘Fine-Tuning’ Hot Money Morgan Stanley / Daniel Lian

A Housing Boom Built on Folly Business Week via MSNBC / Christopher Farrell

Heavy metal The Economist

House Democrats roll out retirement plan CNN / David Ellis

TBMA/AMF Sends Letter on Senate Pension Bill Bond Market Association

Treasuries edge up; look past China, confidence data Reuters / Pedro Nicolaci da Costa

7-Eleven 2Q profit jumps on higher sales AP via Tallahassee Democrat / Steve Quinn's 2nd-Qtr Net Falls on Discounts, Higher Spending Bloomberg / Greg Wiles

More US results top estimates; expectations rising Reuters / Anupama Chandrasekaran

Verizon Has 'Strongest Fundamentals' Of The Bells Forbes via 1st Headlines

Rising rates require new strategies USA Today / Sandra Block

US Treasuries steady, muted response to TIPS sale Reuters / Ros Krasny

Market Imperfections Federal Reserve Bank of Atlanta / Ramon P. DeGennaro

Should you cash out while you can? CNN / Jon Birger

NY: Gossipy Guide to `Mass Hysteria' Over Manhattan Real Estate Bloomberg via 1st Headlines / Jeffrey Tannenbaum

MA: Hot condo market dampens house sales Boston Globe / Kimberly Blanton

U.S. Senate Panel Approves Pensions Funding Measure Bloomberg / Jay Newton-Small

Countrywide profit falls 28 pct on mortgage drop Reuters / Jonathan Stempel

Here come the mass affluent CNN / David Ellis

GMAC to unload $55B in loans Reuters via CNN

Investment to hit Reuters profits BBC News

Safeway profits drop sharply AP via Denver Post / Michael Liedtke

Germany shows signs of recovery BBC News

China Says No Yuan Change in `Foreseeable Future' Bloomberg / Rob Delaney

Is the Euro Forever? Ludwig von Mises Institute / Grant Nülle

The Conference Board’s Consumer Confidence Index Dips In July The Conference Board

U.S. Consumer Confidence Falls to 103.2 in July From 106.2 Bloomberg / Courtney Schlisserman

Report: Bankruptcy filings climbing CNN

Used-car prices likely lower, too Philadelphia Inquirer / Jeff Brown

U.S. Treasuries tick up on consumer confidence Reuters

Never mind the price, gold still dazzles Asia Reuters / Lewa Pardomuan and Atul Prakash

Tuesday Gold Coin Prices AP via NJ Post

Asset buyers paying top dollar for oil, gas Houston Chronicle / Lynn J. Cook

DuPont profit misses expectations Reuters

Verizon Profit Rises 18% on Gain From Selling Unit Bloomberg / J. Kyle Foster

Northwest Airlines posts $225M loss in 2Q AP via NJ Post / Joshua Freed

The Bush Family Connection To CNOOC’s Bid for Unocal NY  Post / John Crudele

Can The Conservative Ascendancy Last In The U.S.? Forbes / Oxford Analytica

SEC Probing Alleged Fidelity Broker Bribes NY Post

Unpegged? Daily Standard / Irwin Stelzer

Yen Drops as China Says View of Further Yuan Gains Is `Wrong' Bloomberg / Kosuke Goto

Greenspan Has Spoken, China Is Revaluing And I'm Reevaluating Northern Trust via Safehaven / Paul Kasriel

Are bubbles only seen in retrospect? Marketwatch / Mark Hulbert

A New Get-What-You-Pay-For View of Money Managers Bloomberg / Chet Currier

U.S. July Consumer Confidence Is Expected to Rise, Survey Shows Bloomberg / Courtney Schlisserman

Amazon celebrates 10 years of global growth, but how long can it continue? Independent / Katherine Griffiths

Google's Founders Know the Folly of Stock Splits Bloomberg / David Pauly

Pension, Social Security Measure Possible in `05, Grassley Says Bloomberg / Jeff Bliss

EU: Financial History Lessons for Europe's New Members NY Times / Renwick McLean

UK approaching a six trillion pound country Scotsman / David Black

Bank of Japan to Keep Policy Unchanged, Survey Says Bloomberg / Mayumi Otsuma

Surging Oil Costs Close in on Asian Growth Bloomberg / William Pesek Jr.

How to succeed Daddy: Asia's rich learn to manage legacy IHT / Donald Greenlees

S. Korea's 2nd-Qtr GDP Rises 1.2%, Fastest in a Year Bloomberg / William Sim

Russia at Heart of German Probe Moscow Times / Greg Walters and Catherine Belton

U.K. Pound Draws Strength From Investment Income Bloomberg / Matthew Lynn


Huge oil profits go for exploration USA Today / Elliot Blair Smith

As long as the prices don't rise Dallas Morning News / Danielle DiMartino

Is Warren Ever Wrong? Forbes / David A. Andelman

Alan Greenspan Charged With Killing Off Middle Class, Setting Stage for Economic Collapse The Spoof via Fiend’s SuperBear Page

What FOMC Immunity? via Safehaven / Ed Bugos

China's currency float is mostly smoke and mirrors St. Louis Post Dispatch / David Nicklaus

The Great "Flation" debate - Whats coming and how to profit from It Mish’s Global Economic Trend Analysis via Safehaven / Mike Shedlock

Job cuts signalling economic peak? Globe and Mail / Roma Luciw

Platinum Bonds Daily Standard / Roger Bate

Wednesday's Commodities Roundup AP via Tallahassee Democrat

Goodyear shares jump 7% Akron Beacon Journal / Jim Mackinnon

Nacchio charges on horizon? Rocky Mountain News / Jeff Smith

Thomson misses Globe and Mail / Omar El Akkad

Time To Buy a Moped Lew Rockwell / Tinah Tran

CO: Lawmakers watching economy Rocky Mountain News / James Paton

With or Without A Housing Fund? Washington Post / Annys Shin

United Gets Court Victory Bond Buyer / Yvette Shields

Chicago OKs $800M Deal Amid Upgrade Bond Buyer / Yvette Shields

Consumers' cash flow creates industry concern Las Vegas Sun / Kevin Rademacher

The Economy as a Food Court Tech Central Station / Arnold Kling

What's Wrong With Payola? Slate / Daniel Gross

Calpers may sell retirement fund products to outsiders Reuters

Dollar retreats as support level triggers buying FT / Darryl Thomson

Citigroup's Weill says to remain chairman Reuters

US Steel stock on the rise as company reports 16 percent earnings jump Pittsburgh Post-Gazette / Len Boselovic

Boeing beat estimates; forecast raised Reuters

China Cashes In Tech Central Station / Peter Nolan

Mexico, Brazil Lower Economic Growth Forecasts for This Year Bloomberg / Guillermo Parra-Bernal

Spain: A Services Driven Economy Morgan Stanley / Vincenzo Guzzo

Korea: Not the Real Bottom Yet Morgan Stanley / Sharon Lam

Good Economy, Bad Polls, What Gives? Tech Central Station / Patrick Hynes

Bush presses Republicans for CAFTA victory Reuters

Democrats, W.House spar on access to Roberts info Reuters

NY: Another record-breaker for electric use Buffalo Business Journal

U.S. Probes Possible Third Case of Mad-Cow Disease Bloomberg / Daniel Goldstein

Ludwig von Mises (1881-1973) Ludwig von Mises Institute / Murray N. Rothbard

GMAC: Junk' rating may cause more trouble Reuters

Beige Book Federal Reserve Board

Fed Survey Says Economy Expanded in June With Little Inflation Bloomberg / Craig Torres

Dallas Beige Book Federal Reserve Bank of Dallas

Delta shares sink on CEO comments Reuters via CNN

Treasuries Fall After Durable Goods Orders Unexpectedly Rise Bloomberg / Joshua Krongold and Al Yoon

When housing finally cools off Philadelphia Inquirer / Andrew Cassel

S.F. commercial rents increase downtown San Francisco Chronicle / Dan Levy

CO: Metro home prices top month-old record Denver Post / Margaret Jackson

Moving Into the Neighborhood NY Times / Terry Pristin

Trader Raider NY Post / Roddy Boyd

Whirlpool: Maytag agrees to open books AP via NJ Post

New Residential Sales U.S. Census Bureau

New home sales set record CNN

Next generation learning our bad spending habits Houston Chronicle / Loren Steffy

MD: Supreme Court nominee's father earned wide respect as Sparrows Point manager Baltimore Sun / Jay Hancock

Small Trade Pact Becomes a Big Political Deal NY Times / Edmund L. Andrews

Wednesday Gold Coin Prices AP via NJ Post

Grains edge higher, soybeans decrease AP vi Philadelphia Inquirer

The dollar broke key technical levels as it gained on the euro ahead of the latest US data FT / Daryl Thomson

Greenspan Not Easily Led by Leading Indicators Bloomberg / Caroline Baum

California Fashion Includes Refinancing, Bankruptcy Bloomberg / Joe Mysak

Russia: Strong Dollar Drives More Cash Overseas Moscow Times / Alex Fak

UK: Will London's economy ride out the bombings or does recession loom? Independent / Philip Thornton

UK: Rates must fall, insists CBI despite upturn at factories Independent / Philip Thornton

Talk aplenty, but WTO is mired IHT / Tom Wright

From supermarket aisles to African plains - why world trade talks matter Guardian / Ashley Seager and Charlotte Moore

Greenspan Hints at Risk-Free Trade in Treasuries Bloomberg / Mark Gilbert

Asia Central Banks Start Bond Funds to Lure Investors Bloomberg / Shamim Adam



Other trade issues step up to spotlight USA Today via 1st Headlines / David J. Lynch

Better keep your eye on Chinese currency Dallas Morning News / Jim Landers

No green light yet for stocks Dallas Morning News / Danielle DiMartino

Real estate heads for deep change Inman News / Jessica Swesey

Asset-pricing Models and Economic Risk Premia: A Decomposition Federal Reserve Bank of Atlanta / Pierluigi Balduzzi and Cesare Robotti

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

A Consuming Folly Ludwig von Mises Institute / Sean Corrigan

Remaking the NYSE Dallas Morning News / Will Deener

From T-shirts to T-bonds The Economist

Treasuries higher ahead of GDP data FT / Jennifer Hughes and Päivi Munter

Bond-fund enthusiasm offsets waning interest in stocks Marketwatch / Jonathan Burton

Senate Committee OKs GSE Bill But Rejects Trust Fund Proposal Bond Buyer / Matthew Vadum

Ron Paul vs. Alan Greenspan Lew Rockwell / Dr. Ron Paul

Mortgage rates rise for fourth consecutive week AP via USA Today

Minority businesses boom USA Today via 1st Headlines / Jim Hopkins

The ones that get away The Economist

Rally sends Dow to four month high AP via Boston Herald

United losses blamed on bankruptcy AP via Denver Post / Mike Colias

Corporate Social Irresponsibility Tech Central Station / Johnny Munkhammar

Delta CEO: Budget fixes failing AP via Wichita Eagle

Money funds fall by $1.15B to $808.28B AP via Beaufort Gazette

An Alarming Precedent Tech Central Station / Duane D. Freese

GAO to SEC: Improve Your Controls / Craig Schneider

Fannie Mae Oversight Bill Approved by Senate Panel Bloomberg / James Tyson

These diamonds get new facets Kansas City Business Journal

EU: A Compass for the Cycle Morgan Stanley / Eric Chaney

Korea: Implications from Rating Upgrade and No Extra Budget Morgan Stanley / Sharon Lam and Andy Xie

Moveon Beyond Kyoto Tech Central Station / Roy Spencer

Primary Dealer Survey Forecasts Interest Rates to Rise Modestly Over Next Two Quarters Bond Market Association

Morgan Stanley Will Cut About 1,000 Retail Brokers Bloomberg / Gregory Cresci and Margaret Popper

Fannie Mae's portfolio shrank in June Reuters

Million dollar homes CNN / Les Christie

Schrempp runs out of road The Economist

Wal-Mart opens its doors to China's richest city Reuters / Godwin Chellam and Fang Yan

Sony posts quarterly loss; slashes outlook AP via Toronto Star / Hans Greimel

Send us your baby boomers, states plead / Kathleen Murphy

US Senate panel rejects Democrats' GSE substitute Reuters

Bush Plan to Curb China Trade Threatens Intel, Boeing Bloomberg /

Five-year negotiations lead to modest energy bill Christian Science Monitor / Brad Knickerbocker

Senate panel approves 3 SEC nominations AP via NJ Post / Martin Crutsinger

Help-wanted ads posted in US newspapers rose in June Reuters

Greenspan Sticks to Safe Investments AP via ABC News and 1st Headlines / Jeannine Aversa

PA: Upside, downside of condo market Philadelphia Inquirer / Jeff Brown

Dollar slips against yen, euro Marketwatch / Rachel Koning

Banks use lots of reasons for increasing interest San Francisco Chronicle / Ryan Kim

Yen slides on renewed Koizumi doubts FT / Steve Johnson

Keep Them Honest NY Post / John Crudele

NY: A new home likely for Citibank Newsday / Tomoeh Murakami Tse

Death Threat in NYSE Battle NY Post / Roddy Boyd

IL: Skyscraper great, `excited' Daley says Chicago Tribune / Thomas A. Corfman

Japan's 20-Year Bonds Decline, Boosting Yields to 10-Week High Bloomberg / Keiko Ujikane

U.S. initial jobless claims rise 5,000 to 310,000 Marketwatch / Robert Schroeder

Report Links Defaults, Excessive CEO Pay / Craig Schneider

Ex-CFO of WorldCom to Forfeit Estate / Craig Schneider

Energy Bill Won't Cut Oil Imports, Critics Say LA Times / James F. Peltz and Richard Simon

U.S. House Approves Central American Trade Agreement Bloomberg / Mark Drajem

China's Yuan Decision May Not Change Things Much Bloomberg / John M. Berry

PA: Taxpayers paying for business ventures Pittsburgh Tribune Review / Jack Markowitz

House Gears Up for Showdown on CAFTA Washington Post / Paul Blustein and Mike Allen

BondWorks Institutional Advisors via Safehaven / Levente Mady

UK: Hawk warns on slowdown as repossessions hit 13-year high Independent / Hamish McRae

Copper Rises 2.2 Percent in Shanghai: World's Biggest Mover Bloomberg / Helen Yuan

The rise of the yuan is an unstoppable process Independent / Hamish McRae

"They’re" Winning Pimco / Bill Gross

For banking vitality, Europe turns eastward IHT / Carter Dougherty

De-Pegging Ringgit May Uncork Malaysian Boom Bloomberg / William Pesek Jr.

Economic reform lags in Ukraine IHT / Judy Dempsey

WTO: Alarm bells ringing on trade talks IHT / Tom Wright


Jumbo Junk Deals Buoy Market Bondweek / Caroline Salas

BNY Makes Senior Hires For Credit Sales, Research Bondweek

CO: "Best city?" Throw darts at a map Denver Post / Al Lewis

Bernanke: Real estate shows good economy Reuters via CNN

New-car demand lifts used-car supply Milwaukee Journal Sentinel / Paul Gores

Janus profits plummet 80 percent in quarter AP via Denver Post

No sign of cooling in red-hot housing market MSNBC / Martin Wolk

Broker hopes job cuts boost profits Newsday / Susan Harrigan

Fires Push Oil Prices Past $60 Per Barrel AP via LA Times / Edith Balazs

Murdoch son quit bcs tired of NYC-paper Reuters

U.S. banks lower lending standards Bloomberg via Seattle Times / Amy Strahan

Yellen ponders real estate slump Marketwatch via 1st Headlines / Alistair Barr

Views on the Economy and Implications for Monetary Policy Federal Reserve Bank of San Francisco / Janet Yellen

Officials: No clear end to Fed tightening Reuters / Ros Krasny

FRBSF Economic Letter Federal Reserve Bank of San Francisco

IMF lectures U.S. on imbalances Marketwatch / Rex Nutting

Many U.S. businesses too uncertain to spend Reuters / Andrea Hopkins

Costliest car-ownership cities CNN / Les Christie

CA: Housing construction proceeds at torrid pace San Francisco Chronicle / Kelly Zito

Venezuela Government Spending Jumps 31 Percent in May Bloomberg / Alex Kennedy

The (Other) Son Also Rises Forbes / Peter Kafka

Verizon, SBC Bank on Stevens to Loosen Phone Rules Bloomberg / Scott Lanman

Treasuries weakened by strong data FT / Jennifer Hughes

The Illusions of Hedonics Ludwig von Mises Institute / Antony Mueller

A Theory of Political Cycles Federal Reserve Bank of Richmond / Leonardo Martinez

After CAFTA, how much farther can free trade go? St. Louis Post Dispatch / David Nicklaus

Bush Wins CAFTA But Loses Wider War Forbes / Oxford Analytica

Judge Rips Thain NY Post / Roddy Boyd

Donald Trump's condo nation Philadelphia Inquirer / Suzette Parmley

CA: Home value declines seen as more likely San Francisco Chronicle / Kelly Zito

Fed's Fisher says U.S. has time to adjust to China Reuters

The World Economy: Sharpening Our Peripheral Vision Federal Reserve Bank of Dallas / Richard W. Fisher

Elders, boomers and their inheritance CNN

US Treasuries fall after strong Chicago PMI data Reuters

U.S. Treasuries Decline After GDP Report: World's Biggest Mover Bloomberg / Joshua Krongold and Heather Burke

Gross Domestic Product Bureau of Economic Analysis

U.S. economy kept growing solidly Reuters / Glenn Somerville

Grains, soybeans retreat AP via NJ Post

Oil Tops $60 as BP Refinery Blast Raises Fuel Supply Concern Bloomberg / Mark Shenk

Emerging Markets May Rise on U.S. Funds' Demand: Taking Stock Bloomberg / Lu Wang

Rupert Murdoch's son Lachlan quits News Corp post Reuters

CA: 21 Department Stores to Close in Southland LA Times / Leslie Earnest and Roger Vincent

Seeing beyond CAFTA Cox News via Rocky Mountain News / Marilyn Geewax

Ex-politicians draw scrutiny over board roles Reuters / Martha Graybow

CO: Feeling ill? It may cost you $5,226 a day Rocky Mountain News / Rachel Brand

Under fire, IMF's Rato wants to get the job done Reuters / Lesley Wroughton

Guessing game starts in Italy over banker IHT / Eric Sylvers

Municipalities Tally Retirees' Health Care Costs Bloomberg / Joe Mysak

U.S. Economy Probably Grew at 3.5% Pace in 2nd Qtr, Survey Says Bloomberg / Carlos Torres

Best Fund-Managing Gimmick Is to Have No Gimmicks Bloomberg / Chet Currier

Bush's Massive New Spending Plan Dwarfs Military Bloomberg / Gene Sperling

Chinas Peg was America's Crutch Euro Pacific via Safehaven / Peter Schiff

Requiem for the Researchers? NY Times / Roben Farzad

After Greenspan, who's next for the most difficult job in the world? Guardian / Heather Long

Italy: Berlusconi: Euro 'screwed everyone' Independent / Julia Kollewe

Exchange rates against the dollar The Econmist

Japan Industrial Production Rose; Unemployment Fell Bloomberg / Lily Nonomiya

The world's biggest companies The Economist

Sony Shares Fall to 2005 Low After Full-Year Profit Outlook Cut Bloomberg / Daisuke Takato


CAFTA Expected to Benefit U.S. Consumers AP via Baltimore Sun / Martin Crutsinger

The Social Security Sting! One of the Great Scams! Safehaven / Wayne Krautkramer

If house wins, so can you Dallas Morning News / Scott Burns

Deflations Coins Revisited New Era Investor via Safehaven / Roland Watson

The empire answers back Dallas Morning News / Crayton Harrison

S&P 500 Has Best Monthly Gain of '05 as Profits Beat Estimates Bloomberg / Colleen McElroy

A different kind of housing market AP via Houston Chronicle / Matt Crenson

NY: Image Woes Dog Bloomberg in NYC Election AP via South Florida Sun Sentinel / Sara Kugler

Foreign banks under fire in Parmalat case IHT / Elisabetta Povoledo

U.S. Congress breaks on high note, trouble looms Reuters / Donna Smith

European 2-Year Bonds Have Worst Month in Year on Growth Signs Bloomberg / Rodrigo Davies

China's currency creeps higher AP via Orlando Sentinel / Stephanie Hoo

Dollar Falls for 4th Week Versus Euro; No Lift From U.S. Growth Bloomberg

Gold, dollar and oil up Australian via Google News

UAL posts $1.4 billion loss AP via Denver Post / Mike Colias

Study shines light on earnings statements AP via NJ Post / Ellen Simon

Yuan could use more loosening up Taipei Times / Paul Lin

Murdoch discovers that keeping it in the family is not always so simple Independent / Michael Harrison

Pay Lags Behind Inflation Washington Post / Nell Henderson

Economy slows, but experts expecting revival Minneapolis Star Tribune / Mike Meyers

Suggestions of Strength in Economy NY Times / David Leonhardt

U.S. Economic Expansion Displays Steady Strength LA Times / Bill Sing

Blast at BP Texas refinery pushes oil price to $61 Independent / Katherine Griffiths

Hedge fund holds 5.7% stake in NWA Minneapolis Star Tribune / Eric Wieffering and Liz Fedor

Splintered, but Unbowed, Are Unions Still Relevant? NY Times / Steven Greenhouse

Senate Confirms 5 for Vacant Senior Posts at Treasury Dept. NY Times / Edmund L Andrews

Canada: Guessing game on rates goes on Toronto Star / Steven Theobald

UK: Slowdown in lending paves way for rate cut Independent / Susie Mesure

UK: Borrowing slows as consumer confidence continues to weaken Scotsman / Nick Bevens

UK: Alarming rise in company insolvencies Scotsman / Nick Bevens




Stockbroker losses bring no trials, lots of tribulations San Diego Union Tribune / Lynn O'Shaughnessy

The news gets back on schedule Dallas Morning News / Danielle DiMartino

Emerging debt to take cue from Brazil, US Treasuries Reuters / Manuela Bandaway

Pink slips are flowing like red ink Dallas Morning News / Danielle DiMartino

Microsoft stock cheap, poised - Barron's Reuters

OH: No money down gains more buyers Akron Beacon Journal / Gloria Irwin

Are fund expenses too high? Marketwatch / Paul B. Farrell

Money managers learn, found firms, face daily challenges Pittsburgh Post Gazette / Len Boselovic

Goldilocks not out of woods yet Philadelphia Inquirer / Andrew Cassel

Economist's views windows on world Pittsburgh Post Gazette / Len Boselovic

CA: Region headed for best office-leasing year since the tech bubble burst in 2001 San Diego Union Tribune / Mike Freeman

Homeowners may be mortgaging their future with new loan products Pittsburgh Post Gazette / Pamela Gaynor

Venezuela's Chavez calls CAFTA 'perverse' AP via NJ Post / Jorge Rueda

IRS will audit more S corps AP via Wichita Eagle / Joyce M. Rosenberg

Fed's report on inflation takes positive stance Pittsburgh Tribune Review / Gregory M. Drahuschak

Employment Growth, Manufacturing Pick Up: U.S. Economy Preview Bloomberg / Carlos Torres

How will Americans compete? Newhouse News Service via Charlotte Observer / Katherine Reynolds Lewis

Getting a Mortgage Becomes Ever Easier Wall Street Journal / Ruth Simon

Telling lies to get that house LA Times / Kenneth R. Harney

CO: City living, at all costs Denver Post / Chryss Cada

Big rise in Md. tax revenue is partly credited to home sales Baltimore Sun / Jay Hancock

MD: Homebuyers fume at tax differences Baltimore Sun / Larry Carson

South Florida investor sues Nasdaq over $600,000 loss South Florida Sun Sentinel / Ian Katz

The other social security debate Chicago Sun Times / Brian Bergstein

There's more good than bad in energy bill Pittsburgh Tribune Review / Jack Markowitz

U.S.'s Snow Is Walking Into Political Storm in Brazil Bloomberg / Kevin Carmichael and Carlos Caminada

Bill does little to cut oil habit San Francisco Chronicle / David Lazarus

If Interest Rates Turn Upside Down, Look Out NY Times / Jonathan Fuerbringer

Madness on main street Guardian - Observer / Heather Stewart

You'll Never Do Research in This Town Again NY Times / Gretchen Morgenson

More changes at AmEx Financial Minneapolis Star Tribune / Neal St. Anthony

Why Bill Gates Wants 3,000 New Patents NY Times / Randall Stross

Will Fame and Fortune Change Utility Stocks? NY Times / Conrad De Aenlle

How Wall Street Wrecked United's Pension NY Times / Mary Williams Walsh

Bush to tour states to tout economy Marketwatch / Val Brickates Kennedy

Sparks fly over US power plan Guardian - Observer / Oliver Morgan

UK: Of course rates will come down this week. But they're still high compared with 1667 Independent / Hamish McRae

UK: Investors get the jitters as lenders are hit by bad debts Independent

UK: Bank set on rate cut to revive economy Guardian - Observer / Heather Stewart

UK: Gordon Brown goes old school in choice of Treasury head Telegraph / Robert Preston

UK: Brown gets his man for top job at the Treasury Guardian - Observer / Heather Stewart

Don't Worry About China. Learn From It. NY Times / Ben Stein