Bondhead News Archive

May 16 – May 31

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Big Oil attacked over record gas prices CNN / Steve Hargreaves

Deficient petroleum network imperils supplies, analyst says Cox News via Palm Beach Post / Marilyn Geewax

Gas costing $1,000 more per year AP via Denver Post / John Wilen

Wave of buyouts shrinks public pool of stocks USA Today / Matt Krantz

Liberty Media scores Atlanta Braves Bloomberg via Denver Post / Danielle Sessa

China's stock market satisfies the craving Globe and Mail / Marcus Gee

Janus plots a comeback, but wait to buy a ticket Money via CNN / Penelope Wang

DC: The Bad News On Condos Washington Post / Allan Lengel

CA: Food prices eat deeper into wallets LA Times / Jerry Hirsch

Wolfowitz Working on Resignation Deal AP via Newsday / Jeannine Aversa

U.S. stocks rally after economic data Marketwatch / Nick Godt

Cheaper To Rent Forbes / Dorothy Pomerantz

Bad News On The Home Front Forbes / Evelyn M. Rusli

Pimco's Gross Recommends Emerging-Market Local Debt Bloomberg / Lester Pimentel

Bonds end lower on housing report AP via Houston Chronicle

New Sheriff in Town / Stephen Taub

Crude Oil Falls After Report Showing U.S. Stockpile Increase Bloomberg / Mark Shenk

Lampert took big stake in Citigroup: SEC filing Marketwatch / Alistair Barr & David Weidner

Dallas Fed chief says he's happy with interest-rate policy Bloomberg via Dallas Morning News

BoE´s King makes veiled criticism of former Fed chairman Greenspan AFX via FXStreet

Utah job market keeps humming Salt Lake Tribune / Lesley Mitchell

The Fallacy of Inflation Targeting Ludwig Von Mises Institute / Frank Shostak

Globalization and Capital Markets: Implications for Inflation and the Yield Curve Federal Reserve Board / Randall S. Kroszner

Financial stability and policy issues Federal Reserve Board / Donald L. Kohn

Greenspan impresses with speech Denver Post / Andy Vuong and Gregg Moss

The Dark Side of the Credit Boom Ludwig Von Mises Institute / Thorsten Polleit

Wednesday’s Analysis / Marty Chenard

Why I'm still bullish on China ... Money and Markets via Market Oracle / Tony Sagami

Stocks Edge Higher On Weak Volume Investors Business Daily / Alan R. Elliott

Why Daimler gave Chrysler to Cerberus Business Week via MSNBC / Gail Edmondson

New Book Examining U.S. Economy Predicts Inflation, Collapse of Markets PRWeb via Fiend’s SuperBear Page

Squeeze on Wage Earners Accelerates Mish’s Global Economic Trend Analysis / Mike Shedlock

Mortgage Applications Decrease Slightly in Latest MBA Survey Mortgage Bankers Association

Telecom vs. cable battle moves to states / Daniel C. Vock

WI: State bucks trend in housing prices Milwaukee Journal Sentinel / Michele Derus

Senators: Tax must end Cincinnati Enquirer

Congress Urged to Ease Pain of Gas Prices Orlando Sentinel

How We Learned to Stop Worrying (so much) and Love “Da Bomb” Pimco / Bill Gross

Treasury Yields Trade Near Four-Week High on Fed Rate Outlook Bloomberg / Annie Pinkert

Pittsburgh Hospital Sells Biggest Municipal Junk Bond Since '05 Bloomberg / Jeremy R. Cooke

Housing: Still searching for a bottom CNN / Chris Isidore

Housing Slump Continued in April AP via Forbes / Martin Crutsinger

Crude oil falls as traders predict U.S. supply rise Marketwatch / Myra P. Saefong and Polya Lesova

Bush to Nominate Two Bankers for Fed Board Seats Washington Post / Nell Henderson

White House: World Bank bruised by fight AP via Houston Chronicle / Jeannine Aversa

Why Goldman Sachs Should Have Backed John Browne Bloomberg / Matthew Lynn

Stocks Rise Following Economic Data AP via South Florida Sun Sentinel / Tim Paradis

Applied Materials sees lower orders Marketwatch / Matt Andrejczak

Sony profit plunges 68% on gaming losses FT / Mariko Sanchanta

Seems like old times Marketwatch / Todd Harrison

Entrenched No More Forbes / Neil Weinberg

FL: Prices are rising faster for South Florida than rest of the nation South Florida Sun Sentinel / Harriet Johnson Brackey

Fed's Hoenig sees economy picking up Marketwatch

Greenspan, in First Post-Fed Role, Will Advise Pimco Bloomberg / Ryan Flinn and Scott Lanman

U.S. Notes May Gain on Expectations Housing Starts Declined Bloomberg / Wes Goodman

Greenspan Finds a Client in Bond Management Firm NY Times / Edmund L. Andrews

Weather futures heat up Marketwatch / John Spence

Bad US debts return to haunt HSBC Independent / James Moore

Murdoch, Bancrofts have plenty at stake Marketwatch / Jon Friedman

MA: Home auctions quadruple: Bay State has 1,712 ads in April Boston Herald / Jerry Kronenberg

UK: Headline inflation down but pain getting worse Telegraph / Damian Reece

UK: Inflation dip won't halt further rate rise Scotsman / Nick Bevens

China Industrial Output Rises 17.4 Percent on Exports Bloomberg / Nipa Piboontanasawat

Spain risks crisis over vanishing reserves Telegraph / Ambrose Evans-Pritchard


Risky second home loans seen weighing on U.S. housing Reuters / Julie Haviv

Wolfowitz Walks Forbes / Paul Maidment

The Bubbling Metals Aden Forecast via Safehaven / Mary Anne and Pamela Aden

Back to Balance? National Review / James C. Capretta

Pimco's Gross Says Fed to Cut, Cites Timing `Mistake' Bloomberg / Thomas R. Keene and Daniel Kruger

The alchemists of finance The Economist

Money fund assets rise in latest week AP via St. Paul Pioneer Press

Averages need to be treated with caution The Economist

Dow can't make it 3 for 3 CNN / Alexandra Twin

What the sale of Chrysler to a private-equity firm means for America's car industry The Economist

Dragging America down the rocky road to a set of global accounting rules The Economist

America and Europe confront a new freeze in their relationship with Russia The Economist

Her latest incarnation: presidential front-runner The Economist

Commodities Roundup: Copper Closes Lower AP via Philadelphia Inquirer

Yen falls as BoJ holds base rates BBC News

EU: The burden of history The Economist

UK: Despite the lack of opposition to Gordon Brown, New Labour's roots are still shallow The Economist

Lobby's Co-CEO Quit After Probe Washington Post / Jeffrey H. Birnbaum

Federal Reserve Bank of Chicago's 43rd Annual Conference on Bank Structure and Competition FDIC / Sheila C. Bair

Manufacturers See Slight Improvement Federal Reserve Bank of Philadelphia

Will Greenspan help Gross recover from slump? Orange County Register / Colin Stewart

U.S. stocks end down on post-rally consolidation; oil surges Marketwatch / Nick Godt

New Chrysler; Old Union Forbes / Jerry Flint

IBM sees jump in long term earnings Reuters via CNN

Tax-Shelter Crackdown Sought by Senate in Quest for Revenue Bloomberg / Ryan J. Donmoyer

Oil Surges More Than $2 on Below-Normal U.S. Gasoline Stockpile Bloomberg / Mark Shenk

Why gasoline prices are rising while oil isn't CNN / Jeff Cox

Capital Market Issuance Rises to $1.8 Trillion in First Quarter Bond Market Association / SIFMA

Benchmark yield hits 1-month high Marketwatch / Wanfeng Zhou

Credit Market `Bubble' May Be at Bursting Point Bloomberg / Mark Gilbert

Bank of Canada Review Bank of Canada

Mortgage rates move back up CNN

CA: Lengthy housing slump expected Sacramento Bee / Jim Wasserman

Anxiety On The Home Front Forbes / Andre T. Gilles

Thursday’s Analysis / Marty Chenard

Presidents and stocks $ FT / John Authers

Trapped in a Government Spending Spree Daily Reckoning via Safehaven / Mogambo Guru

Strong Dollar in U.S. Interest Merk via Safehaven / Axel Merk

Russia sues Bank of New York for $22.5B Reuters via CNN

MI: Jobless rate in Michigan climbs to 7.1% in April Lansing state Journal / Kathy Barks Hoffman

Jobless claims fall to lowest level in 4 months AP via Raleigh News and Observer

Travel Agents Are Staging a Comeback / Kristen Bellstrom

The Subprime Mortgage Market Federal Reserve Board / Ben S. Bernanke

Bernanke Says Subprime Lending Curbs Will `Restrain' Housing Bloomberg / Craig Torres and Alison Vekshin

Fed: Mortgage Defaults Won't Hurt Economy AP via LA Times / Martin Crutsinger

Bernanke sees limited impact from subprime Marketwatch / Rex Nutting

Federal Reserve Events Reuters

Treasuries Fall to One-Month Low as U.S. Jobless Claims Decline Bloomberg / Annie Pinkert and Elizabeth Stanton

Can Gross Get His Groove Back? Forbes / Liz Moyer

Will Greenspan and Gross Merger Create Value? Bloomberg / Caroline Baum

Pimco's long courtship of Greenspan pays off LA Times / Walter Hamilton

U.S. Leading Economic Indicators Fell 0.5% in April Bloomberg / Courtney Schlisserman

Economy may contract in coming months AP via Houston Chronicle / Candice Choi

Former Goldman Chief Rips Wall St. Mega –Payouts NY Post / Paul Tharp

Bank of Montreal Raises Trading Loss to C$680 Million Bloomberg / Sean B. Pasternak

Crude futures rise above $63 a barrel AP via Houston Chronicle / Pablo Gorondi

Dollar Rises to Three-Month High Versus Yen on Jobless Claims Bloomberg / Min Zeng and Ye Xie

U.S. Note Yield Near 1-Month High; Europe Rates Draw Investors Bloomberg / Wes Goodman

Japan's Bonds Head for Biggest Gain This Month as Growth Slows Bloomberg / Keiko Ujikane

Why Is Income Inequality in America So Pronounced? Consider Education NY Times / Tyler Cowen

U.S. Leading Indicators Index Weakened in April, Economists Say Bloomberg / Courtney Schlisserman

Foreclosures Spur Ohio-Led States to Rescue Homes From Default Bloomberg / Brian Louis

How companies lose with electronic trading Marketwatch / David Weidner

Gold glows on back of clean-air movement Telegraph / Ambrose Evans-Pritchard

Original Goldbug's still nuclear Marketwatch / Peter Brimelow

Asian stocks gain across the board Marketwatch

Sony Expects Recovery After Big Quarterly Loss NY Times / Martin Fackler

Chrysler Sale Unavoidable, Zetsche Says NY Times / Mark Landler

Declining Intelligence How low can we go? Daily Standard / Michael Tanji

China Urges U.S. Not to Punish All Food Exporters NY Times / David Barboza

UK: Bank talks tough on inflation Guardian / Angela Balakrishnan

UK: Bank attacked over rate mistakes Telegraph / Tom Stevenson

UK: Has the Bank lost control of inflation? Telegraph / Edmund Conway

Japan's Economic Growth Slows to 2.4% Annual Pace Bloomberg / Lily Nonomiya

Consumers refusing to pay for downloads of shows, study says Pittsburgh Post Gazette / Corilyn Shropshire

Smothered under a pile of plastic Marketwatch / Thomas Kostigen

Yen Trades Near 3-Month Low Versus Dollar Before BOJ Rate, Data Bloomberg / Min Zeng


Microsoft Deal Makes Yahoo Buy More Likely, Noto Says Bloomberg / Jonathan Thaw

Beijing to take $3bn gamble on Blackstone $ FT / Martin Arnold, Richard McGregor, Francesco Guerrera and Joanna Chung

World Bank affair ‘sign of US impunity’ FT / Guy Dinmore

Poor short seller, rich retail investor Marketwatch / Alistair Barr

Temporary fix likely for income-tax trap San Antonio Express News / David Hendricks

Hedge Fund Guru: Math Education Critical AP via LA Times / Madlen Read

Lipstick on a Pig Euro Pacific via Safehaven / Peter Schiff

Are We There Yet? Thoughts From The Frontline via Safehaven / John Mauldin

U.S. job market looks less sturdy in hindsight Reuters / Pedro Nicolaci da Costa

More people are living 'off the grid' AP via Salt Lake Tribune / Joseph B. Frazier

CA: Grocery Prices Up 5.7 Percent in Orange County Orange County Register / Nancy Luna

Microsoft's $6 billion management challenge Marketwatch / John C. Dvorak

European Bonds Post Weekly Decline as Economic Growth Quickens Bloomberg / Gavin Finch

Yen steady after China widens yuan band Reuters / David McMahon

Treasury 10-Year Yield Rises to Three-Month High as Stocks Gain Bloomberg / Elizabeth Stanton and Annie Pinkert

Dow hits new record CNN / Jessica Dickler and Alexandra Twin

Expect little from the EU summit with Russia The Economist

Fill your car up with aluminum Reuters via CNN

U.S. Stocks Rise on Takeovers; aQuantive, General Electric Gain Bloomberg / Eric Martin

Friday’s Analysis / Marty Chenard

GE Selling Plastics Unit To Saudis Forbes / Parmy Olson

Federal Reserve Events Reuters

Mortgage rates surge after Fed says it still has inflation worries AP via Tacoma News Tribune

Loonie nears 30-year high Globe and Mail / Tavia Grant

Hedge fund industry could do more to engage its critics FT

Gold rises; dollar trades mixed against rivals Marketwatch / Polya Lesova

Credit Derivatives: Benefits and Risks Morgan Stanley / Richard Berner

Ford Motor Credit, Dynegy Lead $28.2 Billion of Sales Bloomberg / Bryan Keogh

Fitch lowers outlook for Southwest Airlines' debt Marketwatch / Padraic Cassidy

Treasuries Drop on Rate Outlook, China's Decision on Currency Bloomberg / Elizabeth Stanton and Annie Pinkert

US Has The Worst Performing Economy Money and Markets via Market Oracle / Mike Larson

U.S. Michigan Consumer Confidence Index Rose in May Bloomberg / Shobhana Chandra

Dow flirts with new record CNN / Alexandra Twin

This Bull Market Is More Rational, Less Exuberant Bloomberg / Chet Currier

RadioShack CEO's words garbled Dallas Fort Worth Star Telegram / Heather Landy

FASB: A Segue to More Segmenting / Marie Leone

Fed chiefs differ on housing impact Bloomberg via Contra Costa Times / Steve Matthews and Anthony Massucci

Oil prices hover below $65 a barrel AP via Houston Chronicle / Pablo Gorondi

China moves to let currency rise AP via Seattle Times / Joe McDonald

Canada's Dollar Reaches Highest in 30 Years on Rate Speculation Bloomberg / Haris Anwar

Regionalization and the ‘Ballast Effect’ Morgan Stanley / Stephen Jen

Canada: Hike on Potential Morgan Stanley / Charles St-Arnaud

Investing: Squeezing money from banks USA Today / John Waggoner

Moody's Ratings Double-Talk May Cost U.S. Taxpayer $3.6 Billion Bloomberg / Christine Richard

Fedspeak's new nuances Chicago Tribune / Bill Barnhart

U.S. Notes May Gain as Yields at One-Month High Spur Demand Bloomberg / Wes Goodman

Airlines have a long, hot summer ahead USA Today / Marilyn Adams, Barbara De Lollis and Dan Reed

White House to Quickly Replace Wolfowitz AP via Chicago Tribune / Jeannine Aversa

Bush, senators announce immigration deal AP via Christian Science Monitor

After bitter battle, Wolfowitz resigns from World Bank Guardian / Richard and Suzanne Goldenberg

World Bank chief resigns Washington Times / Steve Hirsch

Mexico's economy puts on brakes LA Times / Marla Dickerson

Japan's Demand for Services Slides 2.2% From a Record Bloomberg / Jason Clenfield

Yen Heads for Weekly Fall Versus Dollar, Euro on Growth, Rates Bloomberg / Kosuke Goto and Ron Harui

Yen on the ropes as Bank of Japan holds interest rates at 0.5 per cent Independent / James Padgham

Study Finds 25 Countries Block Web Sites AP via Newsday / Anick Jesdanun

Crude Oil Trades Near a Three-Week High on Refinery Shutdowns Bloomberg / Gavin Evans

Asian Stocks Set for First Losing Week in 3; Nippon Steel Drops Bloomberg / Darren Boey and Stuart Kelly

China: Buffett, Fidelity at Odds on `Genocide Olympics' Bloomberg / William Pesek



Oil refineries rack up record gross profits Denver Post / Steve Raabe

Bush outlines immigration plan Marketwatch

Treasuries Fall Most Since January as Rate Cut Optimism Wanes Bloomberg / Annie Pinkert and Elizabeth Stanton

G-8 Says `Volatile' Oil Prices Pose Risk to Growth Bloomberg / John Fraher

G-8 members: Global economy is on track AP via Seattle Post Intelligencer / Matt Moore

Bulls try to run for week 8 CNN / Alexandra Twin

Intuit shares climb 14 percent San Diego Union Tribune

Dollar Rises to Highest Level in Almost Three Months on Growth Bloomberg / Min Zeng

NV:  Housing slump socks workers Las Vegas Review Journal

Manufacturing jobs go begging Pittsburgh Post Gazette / Thomas J. Sheeran

Still going on vacation but closer to home LA Times / Peter Pae

Strong peso is a thorny issue LA Times / Chris Kraul

China raises rates again ahead of talks with US over surplus Independent / Mark Kleinman

China Fails to Appease U.S. Congress With Yuan Move Bloomberg / Mark Drajem and Matthew Benjamin

China tries to curb surging economy NY Times via Houston Chronicle / Keith Bradsher

Japanese Bonds Have Weekly Gain as Report Shows Growth Slowed Bloomberg / Issei Morita and Keiko Ujikane


Highway tax crunch paves way for potholes and tolls AP via Seattle Post Intelligencer / Jim Abrams

Bubble, bubble toil and trouble Marketwatch / Sage Brennan

CA: Cheaper homes seem to sell slower Orange County Register / Jonathan Lansner

Owning beats renting, in the long run Dallas Morning News / Scott Burns

Adens see stocks rising higher Marketwatch / Peter Brimelow

...Including the Latest: Bond ETFs Wall Street Journal / Rob Wherry

Investment banks face hedge fund warning $ FT / Gillian Tett in London and Ralph Atkins

Evaluating Exchange-Traded Funds Wall Street Journal / Ian Salisbury

Subprime borrowers face losing their homes Long Beach Press Telegram / Barbara Correa

Bill Gross vs Masataka Horii in Winner-Take-All Bond Slugfest Bloomberg / Wes Goodman and Daniel Kruger

Durables Orders Rise, Home Sales Stagnate: U.S. Economy Preview Bloomberg / Joe Richter

Benchmarks: Fortysomethings LA Times

Betting on a rate cut is a fools game NY Post / John Crudele

Quarterly results, earnings guidance push index despite glum signs Pittsburgh Tribune Review / Gregory M. Drahuschak

The Bull Market That’s Missing Something US News and World Report via NY Times / Paul J. Lim

Analyzing market's cycles Sacramento Bee / Tom Sullivan

Europe, Asia luring funds from U.S. stocks Bloomberg via Seattle Times / Parris Kellermann

Pity the poor shareholders when a sure thing fails Baltimore Sun / Jay Hancock

Stocks Cheap? Private Equity Thinks So NY Times / Conrad De Aenlle

The Raging Bulls Elliott Wave Technology via Safehaven / Joseph Russo

As private equity deals grow, so does public anxiety LA Times / Tom Petruno

Bad fund managers seldom bounced Marketwatch via Seattle Times / Chuck Jaffe

Traders Say NYSE Floor Still Hot Venue - For Tourists NY Post / John Aidan Byrne

Builders see turnaround in rental market AP via Dallas Morning News

Currency Dispute Hampers US, Chinese AP via Baltimore Sun / Joe McDonald

Paulson Is Running Out of Time in Talks With China Bloomberg / Kevin Carmichael and Matthew Benjamin

Medicaid socializes health care, at a cost Pittsburgh Tribune Review / Jack Markowitz

Money is Flooding the World Markets Safehaven / Hans F. Sennholz


Traders Profit Best by Ignoring Most Financial News / Jonathan Hoenig

Bankers support mortgage reform AP via Houston Chronicle / Alan Zibel

Illinois is number 1—when it comes to high gas prices Chicago Tribune / Robert Manor

Central Bankers Playing A Global Game of Chicken with Inflation Market Oracle / Michael_Pento

As China tightens, Dow rallies Marketwatch / Nick Godt

House passes bill to ban industrial banks MSNBC

China poised for global stock foray Guardian / Jonathan Watts and Andrew Clark

Making Global Economic Institutions Work – What the World Needs Now Bank of Canada / David Dodge

Federal Reserve Events Reuters

Debunking the Fed Model Seeking Alpha / John Hussman

US Fed says subprime reaction to be 'well calibrated,' not 'constricting' market AFX via Forbes

U.S. mortgage rates unchanged on Monday –BestInfo Reuters

Treasurys Up As Market Bounces Back AP via Forbes

Rates rise at weekly Treasury auction AP via Beaufort Gazette

S&P, Fitch cut Alltel to junk, Moody's may follow Reuters

After Blackstone IPO, where will China invest next? Marketwatch / Polya Lesova

Kuwait unhooks dinar and dollar, signaling a possible trend Marketwatch / Wanfeng Zhou,

Palladium to Revive on Buying by Funds, Fortunoff Bloomberg / Claudia Carpenter and Millie Munshi

My big fat American gas tax CNN / Steve Hargreaves

Crude Oil Rises as U.S. Refineries Increase Gasoline Production Bloomberg / Robert Tuttle

U.S. Stocks Advance on Takeovers; Alltel, Lead Gains Bloomberg / Michael Patterson

GE chief signals end of buying spree FT / Francesco Guerrera

Investors Yawn At IBM's Faster Chip Forbes / Parmy Olson

The US Trade Deficit - Cause for Concern? Dollar Daze via Safehaven / Mike Hewitt

The future of immigration in America The Economist

Senate Immigration Compromise Roils 2008 U.S. Presidential Race Bloomberg / Edwin Chen

Policy Pitfalls in an Asset-Dependent World Morgan Stanley / Stephen S. Roach

Review and Preview Morgan Stanley / Ted Wieseman

The Conundrum Unwinds Morgan Stanley / Richard Berner

Municipal Bond Tax Breaks Draw U.S. Supreme Court Scrutiny Bloomberg / Greg Stohr

Nasdaq, S&P 500 climb; Dow falls CNN

Monday’s Analysis / Marty Chenard

News Corp. may walk away from Dow Jones bid, broker says Marketwatch / Steve Goldstein

Thomson-Reuters won't roll over Bloomberg Marketwatch / Jon Friedman

If You Really Want To Make U.S. Companies More Competitive . . . Bolster their tax competitiveness. National Review / Larry Kudlow

Bank mergers, Community Reinvestment Act enforcement, subprime mortgage lending, and foreclosures Federal Reserve Board / Sandra Braunstein

April economic growth below average pdf Federal Reserve Bank of Chicago

Federal Reserve Events Reuters

Money supply versus money demand Brookes News / Dr. Frank Shostak

Crude prices ease lower in morning trading Marketwatch / Myra P. Saefong

Credit-Default Swaps Spur Fastest Derivatives Growth in 9 Years Bloomberg / Hamish Risk

Washington, New York to Lead Municipal Borrowers of $9 Billion Bloomberg / William Selway

U.S. Notes Little Changed Near 3-Month Highs on Growth Outlook Bloomberg / Anchalee Worrachate

Pushing into uncharted waters CNN

Lowe's Profit Falls 12% as Housing Slump Hurts Demand Bloomberg / Mark Clothier

Corporate perks secret no more Denver Post / Aldo Svaldi

Economists foresee sluggish 2007 growth AP via Houston Chronicle / Jeannine Aversa

U.S. Economy to Slow This Year, Business Economists Forecast Bloomberg / Shobhana Chandra

Now May Not Be the Time to Pay Down the Mortgage Bloomberg / John F. Wasik

CO: Soft housing market to keep economy down Denver Post / Will Shanley

Real estate sales data expected AP via LA Times

Dollar edges up against euro AP via Charlotte Observer

Nigeria attack sends oil over $70 BBC News

Gas prices: Worse than '81 oil shock CNN

Oil Prices Rise Above $65 a Barrel AP via LA Times / Derrick Ho

Is It Time for the U.S. to Bolt From World Bank? Bloomberg / Kevin Hassett

As Dow soars, don't give up on bonds just yet Christian Science Monitor / Mark Trumbull

Fed Nominee Would Add Expertise On Credit Washington Post / Nell Henderson

Bancrofts, Meet the Murdochs NY Times / Richard Siklos

Dollar buying ever less of world's goods Christian Science Monitor / Ron Scherer

Yuan Rises to Highest Since July 2005 on Wider Trading Band Bloomberg / Christina Soon



Dollar hits 3-mth peak vs yen on U.S. rate outlook Reuters / Rika Otsuka

The Inflation Outlook Federal Reserve Bank of Richmond / Jeffrey M. Lacker

Investment Flash: Derivatives Say Bernanke Will Be Wrong Lamont Trading via Safehaven / Paul Lamont

How is Money Created? Market Oracle / Mike Hewitt

The Fed’s ‘Resource Utilization’ Problem National Review / John Tamny

Rich don't save either Marketwatch / Thomas Kostigen

Offshoring may not be the real job killer Globe and Mail / Barrie McKenna

It's going to be hot this summer Marketwatch / Mark Hulbert

Chinese food for thought Marketwatch / Todd Harrison

Impact of rising gas prices 'fairly limited', economists say USA Today / Barbara Hagenbaugh

Michigan's Rating Is Cut by S&P on Budget Gap, Weak Economy Bloomberg / Darrell Preston

Puerto Rico Bond Rating Is Cut; Refinancing Planned Bloomberg / Jeremy R. Cooke

U.S. Bank Loan Risk Falls on First Day of Derivatives Index Bloomberg / Shannon D. Harrington

Houses getting larger, families smaller AP via Denver Post / Stephen Ohlemacher and Paul Foy

Stocks End Flat After Choppy Session AP via Baltimore Examiner / Joe Bel Bruno

Sunken Treasure, Mint ConditionWhen do coins from a shipwreck get corroded? Slate / Torie Bosch

Recognizing Leadership Federal Reserve Board / Ben S. Bernanke

Bernanke: Education key to vital economy AP via Houston Chronicle / Jeannine Aversa

Cheapest gas in the nation - full service CNN / Steve Hargreaves

Oil prices fall over $1 a barrel before inventory report AP via Houston Chronicle / J. W. Elphinstone

Speed of subprime bust surprises lenders CNN / Les Christie

ABC-Wash Post Consumer Confidence Index falls to 2007 low Reuters

Are sky-high markets overstretched? $ FT / Gillian Tett and John Authers

Most U.S. Stocks Advance, Led by Financials and Homebuilders Bloomberg / Michael Patterson

Stocks Give Up Ground in Late Trading To Close Mixed Investors Business Daily / Alan R. Elliott

Nasdaq hits new 6-year high CNN / Alexandra Twin

US hears blunt trade warning from China AP via Houston Chronicle / Martin Crutsinger

Congress seeks missing billions in Iraq FT / Guy Dinmore

Chairman of Mortgage Bankers Association Delivers Newsmakers Speech at National Press Club Mortgage Bankers Association

Who says we're not headed for a recession? Marketwatch / Dr. Irwin Kelleher

Fed's Lacker unimpressed by recent inflation data Marketwatch / Greg Robb

US Treasury chief says US, China must 'maintain partnership' AFX via Forbes

Tuesday’s Analysis / Marty Chenard

Stocks Inch Ahead In Slow, Steady Trading Investors Business Daily / Alan R. Elliott

Chinese Stocks Hit Record AP via Forbes

Treasuries Drop, Pushing Yields to Near 3-Month High on Economy Bloomberg / Annie Pinkert and Deborah Finestone

Treasurys Little Changed in Quiet Day AP via Philadelphia Inquirer

Report: OTC Derivatives Up 40 Percent in 2006 / Dave Cook and Stephen Taub

BP Shuts 100,000 Barrels of Alaska Oil AP via Newsday / Alan Zibel

Gold futures edge lower as crude oil declines Marketwatch / Myra P. Saefong & Polya Lesova

CA: Funds demand role on boards Sacramento Bee / Gilbert Chan

Five Major Hurricanes May Form in Atlantic This Year Bloomberg / Courtney Dentch

Fed's Lacker says core inflation still too high Reuters

April State Coincident Indexes pdf Federal Reserve Bank of Philadelphia

U.S. Economy's Mixed Vital Signs Flummox Experts Bloomberg / Caroline Baum

Labor Market Figures That Are Puzzling the Fed Bloomberg / John M. Berry

Bonds drift weaker, await data for direction Reuters / Lucia Mutikani

CBOT's Carey 'caught off guard' by critics of offer Chicago Sun Times / David Roeder

The man who owns the Internet Business 2.0 via CNN / Paul Sloan

Economy May Wake Up Without Consumers' Prodding? Northern Trust via Safehaven / Paul Kasriel

It’s a Mad, Mad, Mad, Mad World Bearing Asset Management via Lew Rockwell / Kevin Duffy

LBOs Attack Finance Company Bondholders; SLM, CIT Debt Unravels Bloomberg / Mark Pittman

U.S. Note Yields Hold Near Three-Month High After S&P 500 Gains Bloomberg / Wes Goodman

The Chinese bubble holds a lesson Taipei Times / Tung Chen-yuan

Stock market isn't monolithic Marketwatch / Mark Hulbert

The Dollar Isn't Dead Yet! Clif Droke Market Analysis via Safehaven / Clif Droke

The End of Free Trade Daily Standard / Irwin M. Stelzer

Carter, With His Slam at Bush, Breaks Code of Ex-Presidents Bloomberg / Catherine Dodge

BOJ Members Say Consumer Prices to Rise, Minutes Show Bloomberg / Mayumi Otsuma

Singapore's Real-Estate Bubble Won't Be Pricked Bloomberg / Andy Mukherjee

Asian Stocks Advance to 1-Week High; Sumitomo Mitsui, BHP Gain Bloomberg / Chen Shiyin and Makiko Suzuki

China Says It Made Blackstone Investment to Raise Returns NY Times / Keith Bradsher

Trade Talks With China at a Juncture NY Times / Steven R. Weisman

Yuan Rises Most in More Than a Week Before Paulson Meets Wu Bloomberg / Christina Soon

Yen Trades Near Record Low Versus Euro Before April BOJ Minutes Bloomberg / David McIntyre and Kosuke Goto


Bill Gates, Steve Jobs set for historic conversation Marketwatch / John Shinal

Estate tax heads toward family showdowns San Antonio Express News / David Hendricks

House OKs Gas Price Gouging Penalties AP via Chicago Tribune / H. Josef Hebert

Left, right both need to get in step on immigration St. Louis Post Dispatch / David Nicklaus

Curing the Blue-Collar Blues Natyional Review / John Silva

UK rate rise decision 'unanimous' BBC News

UK: Bank maintains hawkish stance Guardian / Larry Elliott

US to lose role as top manufacturer FT / Peter Marsh

Uh oh. The individual investor is back CNN / Alexandra Twin

Weakened Economy Needs the Fed’s Helping Hand Sooner Rather Than Later Tech Links

April economic growth below average pdf Federal Reserve Bank of Chicago

Proposed Amendments to Regulation Z Federal Reserve Bank of Atlanta

When the credit bubble goes 'pop' CNN / Grace Wong

US mortgage rates unchanged on Wednesday –BestInfo Reuters

ICE steps up CBOT takeover bid FT / Doug Cameron and Norma Cohen

I wanna be a hedge fund manager StabnleyBing via CNN / Stanley Bing

Here's What a Hedge-Fund Code Should Be Saying Bloomberg / Matthew Lynn

Michigan retailers feeling gas price pinch Lansing State Journal / Jeremy W. Steele

Creating More Effective Consumer Credit Disclosures Federal Reserve Board / Randall S. Kroszner

Kroszner says Fed working on new mortgage advertising and disclosure rules AFX via FXStreet

Greenspan Says China Stocks May Undergo `Dramatic Contraction' Bloomberg / Joao Lima and Simon Kennedy

Treasury 10-Year Yield Rises to Almost Four-Month High on Fed Bloomberg / Annie Pinkert and Deborah Finestone

SIFMA Pleased with China’s Elimination of Barriers on New Foreign Securities Firms SIFMA

Chinese Stocks Retreat in U.S. Trading After Greenspan Comment Bloomberg / Lu Wang

Dow nears record, then retreats CNN / Alexandra Twin

Stocks Stumble In Late Trading Investors Business Daily / Juan Carlos Arancibia

Stocks end lower after Greenspan comment AP via Akron Beacon Journal / Madlen Read

The Allure Of Nickel Forbes / Andrew Farrell

Gold, silver bounce as dollar slides AP via Houston Chronicle

The World Bank Needs Radical Reform Forbes / Desmond Lachman

Flights Between U.S., China to Double Washington Post / Ariana Eunjung Cha

Congress Questions Pay Restructuring at GAO Washington Post / Stephen Barr

10-year yield at 3 1/2-month high Marketwatch / Wanfeng Zhou

Oil Prices Drop After Inventory Report AP via Forbes / Jackie Farwell

PA: Wheels Falling Off Philadelphia Inquirer / Bob Fernandez

Market a Real Gamble for Some Chinese AP via Newsday / Christopher Bodeen

Wednesday’s Analysis / Marty Chenard

Stocks Are Higher on More Takeover News AP via Forbes / Madlen Read

US, China Announce Minor Agreements AP via Philadelphia Inquirer / Foster Klug

Paulson Says U.S., China Dialogue Produced `Tangible Results' Bloomberg / Kevin Carmichael and Yanping Li

Lifting Yuan's Value Wouldn't Do Much For U.S. Trade Gap Investors Business Daily / Kirk Shinkle

Hedge Funds Need Not Apply in Greenwich Bond Sale Bloomberg / Joe Mysak

Car Sales Hit Brakes Sacramento Bee via Modesto Bee / Dale Kasler

Retail hurting AP via Lansing State Journal / Anne D’Innocenzio

Target Corp. Profit Beats Expectations AP via Baltimore Sun

Overvalued Canadian dollar $ FT / Lex

Oil rises towards $70 Reuters via San Diego Union Tribune / Janet McBride

Mortgage Applications Increase in Latest MBA Survey Mortgage Bankers Association

Mortgage apps keep climbing CNN

What Worries The Rich? Forbes / Louis Hau

U.S. lawmakers take a jab at OPEC AP via Houston Chronicle / David Ivanovich

BOE Policy Makers Voted 9-0 to Raise Interest Rate Bloomberg / Brian Swint

Oil prices steady at mid-$65 a barrel AP via Akron Beacon Journal

U.S. Note Yields Near Highest Since February on Growth Outlook Bloomberg / Wes Goodman and David Yong

Lacker Says Mistake to Rely on Slowing Growth to Stem Inflation Bloomberg / Craig Torres and Anthony Massucci

US Dollar Bills, Construction Employment And Undocumented Workers Market Oracle / Paul L. Kasriel

Cracks in the Financial Foundation NY Times / Steven R. Weisman

House Votes to Tighten Reins on Fannie Mae and Freddie Mac AP via NY Times

As summer begins, trouble in the US airways Christian Science Monitor / Alexandra Marks

Home Depot to Investors: Mea Culpa NY Times / Michael Barbaro

NY: Record Hamptons Home at $103 Million Signals Market Resilience Bloomberg / Kathleen M. Howley

Blackstone + China = Marriage of Two Bubbles Bloomberg / William Pesek


Estimating Potential Output Federal Reserve Board / Frederic S. Mishkin

Buy, buy, buy The Economist

Nasdaq Expected to Buy Sweden's OMX AP via Forbes / Joe Bel Bruno

IntercontinentalExchange to tout bid to CBOT members Chicago Tribune / James P. Miller

Mortgage rates move sharply higher CNN

US housing woes $ FT / Lex

Wall Street Accentuates The Negative Forbes / Joshua Lipton

Treasury Yields Trade Near January Highs on Housing Rebound Bloomberg / Annie Pinkert and Deborah Finestone

U.S. Stocks Fall, Pushing Dow Average Lower for Fourth Day Bloomberg / Michael Patterson

China and Greenspan $ FT / John Authers

Tough day on Wall Street CNN / Alexandra Twin

Dell Goes Direct To Wal-Mart Forbes / Brian Caulfield

Best Buy Accused of Overcharging Buyers AP via Chicago Tribune / Stephanie Reitz

Long wait for minimum wage hike may be over AP via Houston Chronicle / Jesse J. Holland

Progress On China? Forbes / Brian Wingfield

The frayed knot The Economist

A new breed of investor is buying art The Economist

OECD Economic Outlook No. 81, May 2007 OECD

OECD warns on risk of higher inflation FT / Scheherazade Daneshkhu

New-Home Sales in U.S. Jump 16% to 981,000 Pace in April Bloomberg / Bob Willis

Guru Gone Bad National Review / Thomas E. Nugent

SEC Adopts Rating-agency Rules / Alan Rappeport

Convertibles: Get Ready to Leverage Up / David M. Katz

U.S. Stocks Rise on Durable Goods Report; Boeing, 3M Advance Bloomberg / Michael Patterson

Nasdaq Now Looks Like Better Bet Than Dow, S&P / Nicole Ridgway

On Target: Earnings up 18% as higher-income customers keep spending South Florida Sun Sentinel / Joshua Freed

U.S. Initial Jobless Claims Rose 15,000 to 311,000 Bloomberg / Joe Richter

Saving Sallie Fortune via CNN / Bethany McLean

Taxpayer-Funded Lobbying Fuels Big Government National Review / Phil Kerpen

Michigan's Budget Crisis Puts Job-Starved State at Crossroads Bloomberg / John Lippert and Mike Ramsey

In Defense of Strip Malls Ludwig von Mises Institute / Brad Edmonds

China's Individual Investors Pay Little Heed to Greenspan Bloomberg / Zhang Shidong and Jianguo Jiang

Durable goods rise less than expected Reuters via CNN

Toll Brothers Net Falls on Writedowns, Drop in Demand Bloomberg / Brian Louis and Peter Woodifield

Congress Calls For New Measures Against China During Wu Visit Bloomberg / Mark Drajem and Yanping Li

Central Bank Woes, `Scramble for Risk Assets,' IPhone: Timshel Bloomberg / Mark Gilbert

The Revolutionaries Forbes / Elisabeth Eaves and Michael Noer

Greenspan unavoidable for comment Marketwatch / David Callaway

'Timex market' to keep on ticking? Marketwatch / Peter Brimelow

Looking at Libor Bonds: The Latest New Thing Bond Buyer

Durables Orders Rise, Home Sales Gain Little, Reports May Show Bloomberg / Bob Willis

In US immigration bill, skills trump family ties Christian Science Monitor / Peter Grier

Asian Stocks End Three-Day Advance on Greenspan's China Warning Bloomberg / Chen Shiyin

Federal government slow to act on climate, so US states do Christian Science Monitor / Brad Knickerbocker

Japan Export Growth Slows; Shipments to U.S. Fall Bloomberg / Lily Nonomiya

China Needs Higher Rates, Yuan Too Late, CLSA Says Bloomberg / Christina Soon

Japan Air Default Swaps Drop on $3.3 Billion Request Bloomberg / Oliver Biggadike and Keiko Ujikane



Alan Greenspan Isn't Worth Heeding Anymore / Donald Luskin

Federal Reserve Events Reuters

Central banks toil to glean inflation expectations Reuters / Alistair Bull

Treasuries Fall for Third Straight Week on Signs of U.S. Growth Bloomberg / Annie Pinkert and Deborah Finestone

Treasurys end flat to lower AP via Dallas Fort Worth Star Telegram

Every generation does better? Don't count on it MSNBC

Economy Picks Up As Weaker Sectors Start To Get Better Investors Business Daily / Kirk Shinkle

Manufacturing ebbs, but jobs are out there AP via Contra Costa Times / Thomas J. Sheeran

U.S. Stocks Gain on Takeovers; Coca-Cola, Archstone-Smith Rise Bloomberg / Eric Martin

Wall St.: Up day, down week CNN / Alexandra Twin and Grace Wong

Tribune says 92 percent of shares tendered in buyout offer AP via Chicago Sun Times

The Housing Mismatch Morgan Stanley / Richard Berner

FL: Housing doldrums keep home sales flat in South Florida South Florida Sun Sentinel / Paul Owers

How the Government Creates Jobs Benson's Economic & Market Trends via Safehaven / Richard Benson

Memorial Day Motorists Will Pay Record Gasoline Prices in U.S. Bloomberg / Jordan Burke

China’s Pace, America’s Angst Morgan Stanley / Stephen Roach

Canada: Census sensibility The Economist

Japan: Misconceptions on Consumption Morgan Stanley / Takehiro Sato

Bond Buyers Fret After Texas Secedes From the Union Bloomberg / Joe Mysak

Treasurys slip after housing report Marketwatch / Wanfeng Zhou

Is U.S. Ceding `Master of the Universe' Status? Bloomberg / Caroline Baum

U.S. Existing Home Sales Drop to Lowest in Four Years Bloomberg / Shobhana Chandra

Home sales, prices slump CNN

Existing home sales fall to 4-year low in April Marketwatch / Rex Nutting and Greg Robb

Chinese stocks hit another record AP via Houston Chronicle

Gap profit falls 26% on losses at failed business, markdowns AP via LA Times

Crude oil gains, but readies for a weekly loss Marketwatch / Myra P. Saefong and Polya Lesova

Nasdaq Agrees to Buy Sweden's OMX for $3.7 Billion Bloomberg / Nandini Sukumar and Edgar Ortega

Pumping Politics Forbes / Brian Wingfield

Congress passes minimum wage hike South Florida Sun Sentinel / William E. Gibson

ECB Acquitted, EMI in Play, Greenspan Shouts: Timshel Bloomberg / Mark Gilbert

Greenspan Is Wary of China's Casino-Like Market Bloomberg / William Pesek

Yen May Reach Record Low Versus Euro as Prices Forecast to Fall Bloomberg / Bo Nielsen

Australia, N.Z. Dollars Drop; Appetite for Risky Assets Falls Bloomberg / David McIntyre


Mixed signals ahead in data Marketwatch / Rex Nutting

The US Mortgage Market - Overexposed and Overrated Thoughts From The Frontline via Safehaven / John Mauldin

Dollar Rises to 6-Week High Versus Euro on Signs of U.S. Growth Bloomberg / Min Zeng

U.S. Stocks Post 1st Weekly Drop Since March; Utilities Fall Bloomberg / Scarlet Fu

Oil refineries struggle to keep up Minneapolis Star Tribune / Glen Stubbe

The soaring fuel prices are starting to alter spending patterns Denver Post / Steve Raabe

Wait a Few Months Before You Believe the Numbers NY Times / Floyd Norris

As Condos Rise in Florida, Investors Try to Flee NY Times / Abby Goodnough

Japan's Five-Year Notes Have Biggest Weekly Decline This Year Bloomberg / Keiko Ujikane and Oliver Biggadike

Coke Takes $4 Billion Step Away From Carbonation NY Times / Andrew Martin


Choppy Waters At The VIX Forbes / Andrew Wilkinson

China Crash - domino effect on US markets, and collateral effect on resource stocks... via Safehaven / Clive Maund

A surge in FHA loans is seen Allentown Morning Call

The California Housing Report: Details In the Data Show A Broad-based Price Decline Prophet of Gloom and Doom via Safehaven / Jas Jain

Web A Treasure Trove of Investing Info Santa Cruz Sentinel / Harry Domash

China comes into view around almost every corner FT / Tony Jackson

Maxed out, spent down and busted Houston Chronicle / Loren Steffy

Output data to indicate end of global slowdown FT / Chris Flood

Welcome back, Wall Street CNN / Alexandra Twin

Managers Struggle to Locate Cheap Stocks Wall Street Journal / Daisy Maxey

Fewer Firms Offer Big Dividend Payouts Wall Street Journal / Andrew Bary

Supreme Court to Review Muni-Bonds Case Wall Street Journal / Tom Herman

Wall Street to Eye Inflation, Jobs Data AP via Forbes / Madlen Read

Analysts: Gas could hit $4 if storm enters Gulf AP via Houston Chronicle / John Porretto

Be warned: China is our economic 'Pandora's Box' Pittsburgh Tribune Review / Gregory M. Drahuschak

Don't count on stocks skidding Chicago Sun Times / David Roeder

Stronger economic data may spell losses for stocks Marketwatch / Carla Mozee

If it's a bubble, it's still built on a boom LA Times / Tom Petruno

RBS in talks with Bank of America – report Marketwatch

Bond-fund giant adds another: Mr. Greenspan LA Times via Seattle Times / Walter Hamilton

U.S. Job Growth Rebounded in May: Economy Preview Bloomberg / Joe Richter

A Monthly Wild Card: Job Numbers NY Times / Conrad De Aenlle

Sure, Inflation Is Tame, but Don’t Forget Other Risks NY Times / Norm Alster

FL: They'll buy your home – cheap St. Petersburg Times / James Thorner

'Option' ARMs can easily confuse LA Times / Kathy M. Kristof

CA: Condo Conflict Long Beach Press Telegram / Barbara Correa

Manual lawn mowers are making a comeback MSNBC



China loves Blackstone's 'American Dream' Marketwatch / Paul B. Farrell

Big Garage Sale NY Post / Paul Tharp

Getting a fix on foreclosure data LA Times / David Streitfeld

Memorial Day sales crucial to retail recovery CNN / Parija B. Kavilanz

Oil falls $1 after Nigeria oil strike ends Reuters

Saudi Arabia sees no need for raising crude oil production AFX via Forbes

Metal Stocks Rise Worldwide; Alcan Gains on Report of Norsk Bid Bloomberg / Allen Wan and Adria Cimino

Dollar Trades Near Six-Week High; Reports May Keep Fed on Hold Bloomberg / David McIntyre and Anchalee Worrachate

Ford eyes Volvo sale; BMW interested Reuters via CNN

Plunge in CD Sales Shakes Up Big Labels NY Times / Jeff Leeds

Sanyo trims losses for the fiscal year AP via Seattle Post Intelligencer / Yuri Kageyama

Some say Fed's proposed rules on credit cards aren't enough LA Times via Houston chronicle / Kathy M. Kristof

Wolfowitz blames media for resignation AP via St. Paul Pioneer Press

How To Hedge A Hurricane Forbes / Liz Moyer

The Biggest Hedge Funds? Investment Banks NY Times

Vanguard's new international ETFs put fees in focus and pressure rivals Marketwatch / John Spence

The Buffett mystery Fortune via CNN / Matthew Boyle

Money all spends the same? Not according to your brain Washington Post via Houston Chronicle / Shankar Vedantam

US economy, immigration and the fallacy of cheap labour Brookes News / Gerard Jackson

Electronic money and the money supply: another fallacy emerges Brookes News / Dr. Frank Shostak

Oil Falls on Speculation Rising Output to Cut U.S. Fuel Prices Bloomberg / Gavin Evans and Hector Forster

Dollar May Gain as Stronger Data Is Likely to Keep Fed on Hold Bloomberg / David McIntyre and Stanley White

Japan: Less Than Zero' Tops BOJ's Summer Reading List Bloomberg / William Pesek

Asian Stocks Advance on Metals, Yen; BHP Billiton, Toyota Gain Bloomberg / Chen Shiyin and Patrick Rial


Asian shares lower on China correction fears Marketwatch / Chris Oliver

Real Estate and Asset Deflation: You Assume, You Lose Ponder This via Safehaven / Steve Moyer

Bank of Canada keeps target for the overnight rate at 4 1/4 per cent Bank of Canada

Michigan's gas prices second only to Illinois Lansing State Journal

Motorists Should Decide What They Drive . . .  . . . not Arnold Schwarzenegger or Barack Obama. National Review / Greg Kaza

Bull in a China Shop Daily Standard / Irwin M. Stelzer

Treasurys prices end down after auction AP via Houston Chronicle

Oil prices lose more than $2 a barrel AP via Houston Chronicle / J.W. Elphinstone

Midwest Manufacturing Output Rises in April pdf Federal Reserve Bank of Chicago

Hot Stats—Texas Exports Federal Reserve Bank of Dallas

ABC-Wash Post Consumer Comfort Index at 2007 low Reuters

Pulte to slash work force by 16% CNN

Prospects dim for quick home-price recovery CNN / Chris Isidore

To the Barricades! Property Taxes Spur Revolts Bloomberg / John F. Wasik

Short Sales Break Record on NYSE; Market Bulls Get More Bullish Bloomberg / Daniel Hauck and Michael Tsang

ECB policymakers warn on inflation rise Reuters / Stella Dawson

Asia’s Policy Trap Morgan Stanley / Stephen Roach

How Sustainable is the Rebound? Morgan Stanley / Richard Berner

Consumer confidence bounces back in May Marketwatch / Greg Robb

The Conference Board Consumer Confidence Index Improves The Conference Board

What Is the Risk to China’s Economy If the A-share Market Bubble Bursts? Morgan Stanley / Qing Wang

Tuesday’s Analysis / Marty Chenard

Requiem For A Princess Pimco / Paul McCulley

S&P Junks Investment-grade Ratings / Stephen Taub

Volume To Take A Big Hit Bond Buyer / Michael Scarchilli and Dakin Campbell

Those high summer gas prices Marketwatch / Mark Hulbert

Treasuries Little Changed Before Report on Consumer Confidence Bloomberg / Gavin Finch and David Yong

'Shrinking universe' of stocks Newsday / Susan Harrigan

U.S. Stocks Rise on Takeovers; Archstone, Avaya Shares Advance Bloomberg / Eric Martin

S&P/Case-Shiller Home Prices Fell 1.4% in March, Index Shows Bloomberg / Shobhana Chandra

Home Construction Bust May Last Until 2011, U.S. Builders Say Bloomberg / Bob Ivry and Brian Louis

Colorado, Utah Rival OPEC Reserves, Lure Chevron, Exxon, Shell Bloomberg / Joe Carroll

Oil slides amid supply concerns Reuters via CNN

FTC probing proposed $3.1B Google deal AFX via CNN

A Rival Bidder for ABN Amro Is on the Spot NY Times / Julia Werdigier

RBS to launch hostile bid for ABN Amro AP via Houston Chronicle / Toby Sterling

Texas leaps to No. 2 as place to retire Dallas Morning News / Bob Moos

US seeks more info on China's military Christian Science Monitor / Gordon Lubold


Chinese Stocks Fall for 2nd Day AP via Washington Post / Joe McDonald

Correction foretold FT / John Authers

My Recommended Federal Reserve Policy Ludwig von Mises Institute / Gary North

Fed Expects Long Housing Slump Forbes / Evelyn M. Rusli

‘Postnup’ boom among hedge fund managers FT / Brooke Masters

Floating hedge funds $ FT / Lex

The Subprime Mortgage "Crisis" Will Fix Itself Bloomberg / Steve Berger

The new heat on Ford Business Week via MSNBC / David Kiley

Former Fed official Preston Martin dies at 83 Reuters via Washington Post

Canada: Why interest rate hikes are warranted Globe and Mail

Minutes of the Federal Open Market Committee Federal Reserve Board

Inflation trumps housing in Fed minds AP via Beaufort Gazette / Martin Crutsinger

Economy not out of the clear CNN / Grace Wong

Gene Epstein's Great American Savings (sic) Myth Northern Trust via Safehaven / Paul Kasriel

Sen. Clinton Defends Private Jet Travel AP via Forbes / Kathleen Hennessey

Dow, S&P 500 Hit Highs Forbes / Andrew Farrell

Stocks Jump, S&P 500 Hits Record Close AP via South Florida Sun Sentinel / Joe Bel Bruno

Ok Class Let's Review Why GM is Going Bankrupt Think, Invest via Safehaven / Charles Zentay

Wow, I could've had a prime mortgage CNN / Les Christie

OH: Unemployment up in Ohio Cincinnati Enquirer

Dirty money flows distort our economy and corrupt democracy Guardian / John Christensen

China Tremors Stop At The Border Forbes / Paul Maidment

Stocks off lows after Shanghai plunge Marketwatch / Nick Godt

Greenspan's doomsaying is belatedly intelligible Baltimore Sun / Jay Hancock

97,000 private-sector jobs added in May, ADP says Marketwatch / Rex Nutting

Treasuries Little Changed After U.S. Equities Reverse Losses Bloomberg / Deborah Finestone and Annie Pinkert

CO: Two reports spell slump for metro's home prices Rocky Mountain News / John Rebchook

FL: Cornered condo owners open homes to tourists Miami Herald / Douglas Hanks

Barclays Bank settles insider trading charges Reuters via CNN

ICE Confirms Deal With CBOE AP via Philadelphia Inquirer / Dave Carpenter

Canada: High-flying economy catches bank off guard Globe and Mail / Tavia Grant

U.S. Junk-Bond Risk Premiums Decline to a Record Low Bloomberg / Caroline Salas

Smooth Ride Is Ending for Municipal Bond Investors Bloomberg / Joe Mysak

Cantor Fitzgerald Merges Brokers in $1.3 Billion Deal Bloomberg / Ryan Flinn and Sebastian Boyd

Germany May Sell 30-Year Inflation Bond This Year Bloomberg / Brian Parkin and Anchalee Worrachate

Mortgage applications fall CNN

Subprime Fiasco Exposes Manipulation by Mortgage Brokerages Bloomberg / Seth Lubove and Daniel Taub

Oil prices rise ahead of US supply data AP via Houston Chronicle / Pablo Gorondi

Wednesday’s Analysis / Marty Chenard

China stocks plunge on stamp tax move FT / Geoff Dyer

U.S. Stocks Sink on China Sell-Off; Honeywell, Intel Decline Bloomberg / Eric Martin

Shanghai index plunges 6.5 percent Reuters via CNN

IBM Lays Off 1,570 in Ongoing Overhaul AP via Chicago Tribune / Brian Bergstein

An ATM That's Out of Money Washington Post / Nell Henderson

Foreign U.S. Notes Rise to 80 Percent; Treasuries Irresistible Bloomberg / Elizabeth Stanton

Treasuries Rise as Drop in Stocks Spurs Move to Safety of Debt Bloomberg / Kevin Lim

Michigan Seeks Deal On Budget Bond Buyer / Yvette Sields

Looming Crash Prompts Most Hires for Distressed Debt Since 2002 Bloomberg / Kabir Chibber and John Glover

Barclays will need a group effort to see off RBS Telegraph / Richard Fletcher

Greenspan's China-Stock `Correction' Probably Wouldn't Spread Bloomberg / Simon Kennedy and Scott Lanman

Is Wal-Mart Too Cheap for Its Own Good? NY Times / Michael Barbaro

Those lagging secondaries Marketwatch / Mark Hulbert

Fair to Middling in the Middle Class Washington Post / Steven Pearlstein

Ex-Trade Envoy Is Bush’s Choice for World Bank NY Times / Steven R. Weisman

China Triples Tax on Securities Trading to Cool Stock Rally Bloomberg / Malcolm Scott and Alexander Ragir

Japan's Industrial Production Falls for Second Month Bloomberg / Lily Nonomiya

China: Hegemonic Threat or Just Another Sputnik? Bloomberg / William Pesek



Measuring the measurers The Economist

Is Bad News About Inflation Good News for the Exchange Rate? Pimco / Richard H. Clarida

U.S. Treasury bonds finish lower AP via Houston Chronicle

Bush's Fed nominees are both multimillionaires Reuters / Mark Felsenthal

The winners and losers from hedge funds and private equity The Economist

Bank earnings fall slightly in 1st quarter Reuters / Patrick Rucker

Funds attack banks’ aid for subprime borrowers FT / Saskia Scholtes

Global guru Fortune via CNN / Marcia Vickers

Nasdaq Tops NYSE In Slow-Motion Finish Investors Business Daily / Alan R. Elliott

Consumer confidence $ FT / John Authers

Investors learn a lesson as stock index hits high LA Times / Tom Petruno and Kathy M. Kristof

Top Internet spammer arrested, authorities say AP via Contra Costa Times / Gene Johnson

The planet hunters The Economist

Fixed mortgage rates rise for third week AP via Houston Chronicle / Martin Crutsinger

Precious metals prices climb AP via Houston Chronicle / Lauren Villagran

Confiscation Through Inflation Dollar Daze via Safehaven / Mike Hewitt

Home prices rise at slowest pace in 10 years Marketwatch / Rex Nutting

Treasury 10-Year Yield at 9-Month High as Business Index Jumps Bloomberg / Elizabeth Stanton and Deborah Finestone

CBOT to Start Trading Credit Derivatives on June 25 Bloomberg / Shannon D. Harrington

CDO Boom Masks Subprime Losses, Abetted by S&P, Moody's, Fitch Bloomberg / Richard Tomlinson and David Evans

Bill & Steve: Best Friends Forever Forbes / Quentin Hardy

Thursday’s Analysis / Marty Chenard

Stocks Rise On Mixed Economic Data, Rebound In China's Markets Investors Business Daily / Alan R. Elliott

Despite record close, one successful letter still says it's not a new era Marketwatch / Peter Brimelow

U.S. dollar slips against euro AP via Beaufort Gazette

FDIC Quarterly Banking Profile FDIC

An Odd-Bedfellow Coalition National Review / Kristina Rasmussen

U.S. Stocks Rise on Takeovers; A.G. Edwards, Ceridian Climb Bloomberg / Michael Patterson

Sears' net income climbs Chicago Tribune / James P. Miller

CA: Sale of bank-held homes Sacramento Bee / Jim Wasserman

Mortgage rates climb again CNN

TX: Suburbs share home foreclosure problem Dallas Morning News / Steve Brown

Greenspan's Caution Won't End Asia's Stock Boom Bloomberg / Andy Mukherjee

Wachovia to buy A.G. Edwards for $6.8 billion Reuters

Clipped Hedge NY Post / Roddy Boyd

CNBC probes 'unusual trading' in game for cash prizes LA Times via Baltimore Sun / Walter Hamilton

ICE ups CBOT offer NY Post / Zachery Kouwe

Construction Spending in U.S. Increased 0.1% in April Bloomberg / Joe Richter

US weekly jobless claims fall 4,000 to 310,000 vs 315,000 expected AFX via Forbes

Chicago Purchasing Managers' May Index Rises to 61.7 Bloomberg / Bob Willis

Economy Has Worst Growth Since 2002 AP via Forbes / Jeannine Aversa

Oil slips ahead of inventory report Reuters via CNN

Corn, wheat and soybean prices climb AP via Houston Chronicle / Lauren Villagran

Chinese bubble continues to grow Scotsman / Nick Bevens

S.& P. Index Climbs Past the Record It Set in 2000 NY Times / Vikas Bajaj and Jeremy W. Peters

The insider's path to beating the market Marketwatch / David Weidner

Lease-to-Own Issuer Discloses IRS Settlement Bond Buyer / Alison L. McConnell

When Relying on Online Brokers, Beware 'Move It or Lose It' Scams Washington Post / Michelle Singletary

Small Business Not as Usual NY Times / Ron Nixon and Elizabeth Olson

As pork prices soar, Chinese put brakes on corn for ethanol Christian Science Monitor / Peter Ford

Bank of Taiwan to increase base rate Taipei Times / Kevin Chen

U.S. Notes May Fall as Stocks Advance, Fed Sees Faster Growth Bloomberg / Wes Goodman

China's Stocks Drop for Second Day After Stamp Duty Tripled Bloomberg / Zhang Shidong

Yen Volatility Prices `Too Good to Be True,' May Rise From Low Bloomberg / Liz Capo McCormick

Japan's Wages Fall for Fifth Month, Leaving Less for Consumers Bloomberg / Jason Clenfield