Bondhead News Archive

September 16 – September 30

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Debt Slowly Killing The Big Spenders NY Post / Catherine Curan

Fed unlikely to take a big ax to rates LA Times / Peter G. Gosselin

Greenspan alert on US house prices FT / Krishna Guha

Is the $100 barrel on its way? Telegraph

Outstanding Investments' claims hard to believe Marketwatch / Peter Brimelow

UK: Bail-out that will damage Bank’s credibility FT / Willem Buiter and Anne Sibert

4 Investment Banks Will Report Earnings AP via Washington Post / Joe Bel Bruno

ABN Amro boards won't side with bidders AP via Houston Chronicle / Toby Sterling

South Florida savings rate among worst South Florida Sun Sentinel / Niala Boodhoo

Greenspan calls outlook 'pretty gloomy' Marketwatch / Greg Robb

Stocks may rise on expected interest rate cut Reuters / Herbert Lash

The Fed will have to cut rates FT

The numbers will back up the Fed's words Marketwatch / Rex Nutting

US Fed may need to double interest rate: Greenspan Bloomberg via Taipei Times

Toxic waste of sub-par sub-prime loans embedded in some bond funds St. Louis Post Dispatch / David Nicklaus

Bonds come in all shapes and sizes St. Louis Post Dispatch / Jack Naudi                             

Calculating inflation debated to the core Pittsburgh Post Gazette / Len Boselovic

Inflationary spiral could spell an end to era of cheap food Guardian - Observer / Heather Stewart and Nick Mathiason

Seeking bargains in rubble Chicago Tribune via Allentown Morning Call / Andrew Leckey

CDs, for a Return Guarantee Washington Post / Elizabeth Razzi

Lehman goes first FT / Lex

HSBC faces flak for dawn raid on Swedish exchange Guardian - Observer / James Doran

ABN Amro board won't back either of two bids Marketwatch / Robert Daniel

Canada Dollar Dominance Shows Break With U.S. Economy, Markets Bloomberg / Haris Anwar

Crude drops below US$80 after striking fresh record AFP via Taipei Times

Canada: Flaherty: Economy 'strongest in a generation' Globe and Mail / Tara Perkins

Trichet Defends ECB Against Criticism From Sarkozy Bloomberg / Simon Kennedy and Sandrine Rastello

Fears grow for British economy as panic over Northern Rock spreads Guardian - Observer / Heather Stewart and Heather Connon

South Florida sports fans trade tickets for high-tech TVs South Florida Sun Sentinel / Sarah Talalay

Should Fed Tread Lightly on Rates? NY Times / Conrad De Aenlle

Data on Fed's fund-rate action will be overwhelming Pittsburgh Tribune Review / Gregory M. Drahuschak

Fed Interest Rate Cut Seen This Week AP via LA Times / Jeannine Aversa

Why Haven’t Investors Played It Safe With Blue Chips? US News and World Report via NY Times / Paul J. Lim

Home prices may fall, but rental insanity has returned San Francisco Chronicle / Carol Lloyd

IL: Condo buyers benefit as more sellers willing to make a deal Chicago Tribune / Anne Brennan

Navigating a Path Through a Turbulent Housing Market NY Times / Tim Gray

The coal scare: Be afraid -- be very afraid Pittsburgh Tribune REview / Jack Markowitz


Australia cuts total winter grain forecasts by 30% Marketwatch / Chris Oliver

'All wrong!' Bernanke, Paulson, Greenspan Marketwatch / Paul B. Farrell

The Fed's Stealth Rate Cut Casey Research via Safehaven / Doug Casey

A bittersweet win over Microsoft The Economist

Raines Tries To Broaden Defense in Fannie Suit Washington Post / David S. Hilzenrath

Small-town pharmacists closing doors AP via Beaufort Gazette / Kevin Freking

EU: entral bank cash injections no bailout-ECB's Noyer Reuters

Emerging debt-Market flat, US rate decision sidelines investors Reuters / Daniel Bases

What the Fed is considering at its meeting Washington Post / Tamawa Kadoya

Greenspan: The Fed's Real Mandate Forbes / Robert Lenzner

Board Announces Website Redesign Federal Reserve Board

Analysts agree with Greenspan on interest rates USA Today / Barbara Hagenbaugh

Greenspan: Recession risk up Reuters / Mark Felsenthal

Treasurys look for direction AP via CNN

Oil hits record near $81 Reuters / Richard Valdmanis

Landing credit gets tougher for small businesses AP via Indianapolis Star / Joyce M. Rosenberg

Renting can be the smarter move Dallas Morning News / Pamela Yip

Wall Street's pre-Fed woes CNN / Alexandra Twin

Libor Rate for Pound Surges on Northern Rock Concern Bloomberg / Gavin Finch

Crude Oil Rises to Record $80.50 on Signs of Interest-Rate Cut Bloomberg / Mark Shenk

Why $80 oil won't mean $3 gas CNN / Steve Hargreaves

Airlines' second-quarter profitability highest since 2000 Marketwatch / Laura Mandaro

U.S. Stocks Drop on Credit Concern; Banks, Microsoft Retreat Bloomberg / Lynn Thomasson

Policy Tension Investors Business Daily / Mark Glassman

U.S. stocks falter ahead of Fed gathering Marketwatch / Kate Gibson

Worst Wall Street Quarter Since 2001 Tempered by Goldman's Gain Bloomberg / Christine Harper

Bernanke's Fed faces a key test Marketwatch / Greg Robb

Mr. Bubble Writes A Book Fall Street via Fiend’s SuperBear Page / Brady Willet

Fed adds $16.75 bln reserves via overnight repos Reuters

Greenspan Remarks Hit Treasurys Wall Street Journal / Deborah Lynn Blumberg

Review and Preview Morgan Stanley / Ted Wieseman and David Greenlaw

Monday’s Analysis / Marty Chenard

Frank May Win `Tougher Than Expected' Subprime-Lending Limits Bloomberg / Alison Vekshin

Business Conditions: Headline Improvement Masks Underlying Deterioration Morgan Stanley / Shital Patel and Richard Berner

Why Consumer–led recoveries can be bad for economies Brookes News / Gerard Jackson

Greenspan-US recession risk up, but prices a worry Reuters / Mark Felsenthal

Reintermediation and Monetary Policy Morgan Stanley / Richard Berner

Greenspan: Efforts to get mortgage rates up failed Marketwatch / Greg Robb

Federal Reserve Events Reuters

Fed funds show market conditions still unusual Reuters / John Parry

Phila Fed changes releases time of outlook survey Reuters

Greenspan's Miscues Haunt Bernanke as Fed Weighs Cut Bloomberg / Rich Miller

Empire State Manufacturing Survey Federal Reserve Bank of New York

New York Fed Factory Index Falls to 14.7 in September Bloomberg / Joe Richter

September Empire State manufacturing index drops to 14.7 vs 20.0 expected AFX via Forbes

Greenspan: Crisis 'an accident waiting to happen' Fortune via CNN / Andy Serwer

The Fed's Economy: Too Good To Be True? Forbes / Robert Lenzner

Lone Voice Warned of Subprime Mess NY Post / Suzanne McGee

Safe-haven buying boosts gold futures Marketwatch / Polya Lesova

Crude oil falls on profit-taking after record run Marketwatch / Polya Lesova

U.S. Stocks Retreat on Credit Concern; JPMorgan, Microsoft Fall Bloomberg / Lynn Thomasson

Wall Street worried over Fed CNN

Banking shares fall across Europe BBC News

Blackstone's June IPO Was an Omen for the Markets Bloomberg / David Pauly

Bank stocks: Are they safe yet? Fortune via CNN / Michael Sivy

Volcker Shows Us Why the World Bank Doesn't Work Bloomberg / Kevin Hassett

Greenspan was more a rock star than a feared Fed sage Telegraph / Ambrose Evans-Pritchard

Greenspan puts recession odds just above 1-in-3-WSJ Reuters

Former Fed chief sees double-digit rates – paper Reuters

Don't be too quick to condemn credit rating firms USA Today / Matt Krantz

Tough Talk From Haines Bond Buyer / Lynn Hume

Price, housing data to follow Fed rate decision AP via LA Times

Greenspan: Ouster Of Hussein Crucial For Oil Security Washington Post / Bob Woodward

Online Crooks Getting More Professional AP via Washington Post / Jordan Robertson

Trichet, Sarkozy Split Over ECB's Response to Market Turbulence Bloomberg / Simon Kennedy and Sandrine Rastello

King, BOE Face `Crisis of Confidence' Over Subprime Collapse Bloomberg / Brian Swint and Jennifer Ryan

Mexico: People Should Never Be an Economy's Main Export Bloomberg / William Pesek

More HK residents live in poverty: study AFP via Taipei Times

TIPS Prove Treasuries' Best as Fed Mulls Lower Rates, Oil Rises Bloomberg / Daniel Kruger

Fed expected to cut interest rates Tuesday Christian Science Monitor / Ron Scherer

Economists get a whiff of recession Christian Science Monitor / David R. Francis

Oil Falls a Second Day on Demand Outlook, Fading Storm Concern Bloomberg / Gavin Evans


How the Maestro led the Fed through all those storms London Times / Gerard Baker

Why an interest rate cut is the last thing we need NY Post / John Crudele

Texas, Mexico link electric grids Dallas Morning News / Elizabeth Souder

Bush 'respectfully' disagrees with Greenspan AP via Houston Chronicle

Stocks soar as Fed makes bold rate decision Reuters / Caroline Valetkevitch

Dow Jumps 300 / Mark Glassman

Interest-rate cut won't help all caught in credit crunch San Francisco Chronicle / Kathleen Pender

'Hallelujah' the Fed swoops in CNN / Alexandra Twin

Bernanke facing some tough scrutiny AP via Beaufort Gazette / Martin Crutsinger

Fed Chief Heeds Call for Hefty Rate Cut / Dan Burrows and Rob Wherry

Fed funds trade down to 4.875 percent from 5.0 pct Reuters

Reading the Fed / Igor Greenwald

Pimco's Gross Says Fed to Cut Rates to at Least 3.75% Bloomberg / Michael McKee and Deborah Finestone

Short bonds jump, rate cut seen as just the start Reuters / Pedro Nicolaci da Costa

Gold Rises to Highest Since 1980 as Dollar Slumps on Fed's Cut Bloomberg / Pham-Duy Nguyen

Investors will show up for smaller junk-debt deals Reuters / Jennifer Ablan

U.S. fed funds rate can fall to 3 pct-Gross Reuters

Short-term yields fall, long-term yields rise after Fed Marketwatch / Nick Godt

Two-Year Treasuries Rise, 10-Year Notes Fall on Fed Rate Cut Bloomberg / Elizabeth Stanton

More Efficient Transatlantic Regulatory Framework Is Industry Priority SIFMA

Stocks Soar After Half-Point Rate Cut AP via South Florida Sun Sentinel / Madlen Read

Banks cut prime rates following Fed moves Marketwatch / Greg Morcrof

Recession: What the cut won't do CNN / Chris Isidore

Christmas In September Forbes / Liz Moyer

Fed slashes rates to boost economy CNN / Paul R. La Monica

Fed cut could buoy housing markets CNN / Les Christie

Tuesday: More Than Just The Fed Forbes / Steve Schaefer

Countrywide CEO says "out" of subprime business Reuters

House Passes Mortgage Plan AP via South Florida Sun Sentinel / Marcy Gordon

FOMC Statement Federal Reserve Board

Bondholders Hoisted by Petards as Corporate Sales Depress Debt Bloomberg / Caroline Salas

New York City Selling Almost $1 Billion of Bonds for Projects Bloomberg / Jeremy R. Cooke

US net July capital inflows slip to seven-month low Reuters

Foreign Buying of U.S. Assets Slows for Second Month Bloomberg / John Brinsley

Treasury Two-Year Notes Fall for Sixth Day Before Fed Decision Bloomberg / Daniel Kruger

America's flexible economy can survive just about anything Daily Standard / Irwin M. Stelzer

US Now in Growth Recession, Full Blown Recession Tomorrow? Northern Trust via Market Oracle / Paul Kasriel

Tuesday’s Analysis / Marty Chenard

Federal Reserve Events Reuters

Home Foreclosures Doubled in August on Loan Rates Bloomberg / Kathleen M. Howley

Gold Breaks $721 as the Financial World Waits for the US Fed to Cut Rates Bullion Vault via Market Oracle / Adrian Ash

Commodities prices slip before Fed move AP via Contra Costa Times / Lauren Villgran

Lehman takes $700m hit but beats forecasts FT / Ben White

Lehman sees headcount reduction in Q4, hiring in '08 Reuters

Money market and CD comparisons The State

Nasdaq considered selling piece of self: report Reuters

Investor keeps Odyssey buoyant St. Petersburg Times / Scott Barancik

Food-price fears in China The Economist

Gold futures trade in a tight range above $720 Marketwatch / Myra P. Saefong

‘Fed’ Up With Al NY Post / Paul Tharp

After The Cut Forbes / Liz Moyer

World waiting for Fed decision Chicago Tribune / Bill Barnhart

The Fed should act to preserve the economy Marketwatch / Dr. Irwin Kellner

Federal Reserve Tackles Policy Dilemma Forbes / Oxford Analytica

August foreclosures zoom CNN / Les Christie

U.S. home foreclosures soar in August AP via Houston Chronicle / Alex Veiga

Foreclosures more than double in past year Marketwatch / Rex Nutting

U.S. Producer Price Index Drops More Than Forecast Bloomberg / Courtney Schlisserman

U.S. Stocks Advance on Lehman Profit, Interest Rate Speculation Bloomberg / Lynn Thomasson

Best Buy profits rise 8.7 percent AP via Houston Chronicle / Joshua Freed

Lehman Brothers takes $700m credit crunch hit London Times / Miles Costello

Lehman wows Wall Street CNN

Wall Street Salaries Come Into Focus in UBS Lawsuit Bloomberg / Joe Mysak

Bernanke Weighs Recession Risk Against Investor Cave-In Charge Bloomberg / Steve Matthews

Rising healthcare costs pose fundamental risk to U.S. Christian Science Monitor / David Cook

Producer Prices in U.S. Probably Fell in August on Energy Costs Bloomberg / Courtney Schlisserman

Booming options business faces a major test Marketwatch / David Weidner

Banking crisis: The fear spreads Independent / Sean Farrell

Prepare for prolonged turmoil, says US Treasury Secretary London Times / Suzy Jagger and Gabriel Rozenberg

Golden wall of worry Marketwatch / Mark Hulbert

Debt Market Looks to Fed to Restore Confidence NY Times / Eric Dash

Three Telling Days for the U.S. Economy Washington Post / Neil Irwin

Oil Rises to Record $81.18 on Expected Supply Drop, Rate Cut Bloomberg / Gavin Evans

Paulson Cautions Against Rush to Regulation in Credit Crisis NY Times / James Kanter

NY: Times to End Charges on Web Site NY Times / Richard Perez-Pena

Asian Stocks Fall on Credit Crisis Woes; Mitsubishi UFJ Drops Bloomberg / Chen Shiyin and Kiyori Ueno

Yen Gains Against Pound, Euro After Northern Rock Withdrawals Bloomberg / Ron Harui and Kosuke Goto

A crisis that could yet claim more high-profile victims Telegraph / Damian Reece

London Bonuses May Drop More Than 15% on Credit Woes, CEBR Bloomberg / John Fraher

U.S. Working on Its Welcome NY Times / Sara J. Welch



Numbers Game Won't Die, Even If Net Income Does Bloomberg / Jonathan Weil

Morgan Stanley counts costs of market turmoil Guardian / Andrew Clark

Did the Fed go too far? CNN / Paul R. La Monica

Beware - the Bernanke Fed could Ignite Hyper-Inflation! SirChartsAlot via Safehaven / Gary Dorsch

Bernanke Opposes Bigger Mortgages for Fannie, Freddie Bloomberg / James Tyson

Bernanke Abolishes Corrections and Bank Losses Wall Street Window via Safehaven / Michael Swanson

Fed's Half-point Cut Sign of Desperation! Next ... Money and Markets via Market Oracle / Martin Weiss

About-Face For The Bernanke Fed Forbes / Benjamin M. Friedman

Congress’s Middle-Manager Tax Hike National Review / Phil Kerpen

Oil at new records for 7th straight day AP via Houston Chronicle / John Wilen

Double-digit home price drops coming CNN / Les Christie

CO: Vacancies in rental houses, condos at 6-year low in metro Rocky Mountain News / John Rebchook

After Fed cut, debt market problems persist CNN / Grace Wong

Treasurys continue to fall in wake of Fed cut Marketwatch / Lisa Twaronite

Congress asked to lift debt ceiling AP via Houston Chronicle / Martin Crutsinger

Wall St extends Fed rally; S&P up 1 pct Reuters / Kristina Cooke

Wednesday’s Analysis / Marty Chenard

General Mills 1Q profit rises 8 pct AP via Houston Chronicle / Joshua Freed

Fed's move sends stocks soaring Washington Times / Patrice Hill

Bernanke Abolishes Corrections and Bank Losses Wall Street Window via Safehaven / Michael Swanson

Fed willing to take risk to avoid slump London Times / Gerard Baker

Amid Fed frenzy, Greenspan plays it cool Fortune via CNN / Katie Brenner

Fed funds trade at 4.75 percent, matching target rate Reuters

Rate cut may provide only passing relief AP via Houston Chronicle / Jeannine Aversa

San Diego Foreclosures countywide jumped 80% in August San Diego Union Tribune / Emmet Peirce

FL: Foreclosures soar to 243,947 in August: Florida reported one filing for every 243 households AP via Bradenton Journal / alex Veiga

Fed hopes rate cut can hit homes Pittsburgh Post Gazette Dan Fitzpatrick

Subprime Borrowers to Lose Homes at Record Pace as Rates Rise Bloomberg / Bob Ivry

Caught between two houses CNN / Amanda Gengler

Crude futures touch a fresh high above $82 Marketwatch / Myra P. Saefong

White Sugar Gains Most Since 1989 as Record Oil Spurs Buying Bloomberg / Danielle Rossingh

Fed's cut an opening act Chicago Tribune / Bill Barnhart

Fed Cuts Rates to Address Greater of Two Evils Bloomberg / Caroline Baum

Post-Fed, Wall Street still glowing CNN

Numbers Game Won't Die, Even If Net Income Does Bloomberg / Jonathan Weil

Central Banks Lack Tools to Fix `Panic,' Moody's Says Bloomberg / Mark Pittman and Kabir Chibber

U.S. Housing Starts Fell in August to 12-Year Low Bloomberg / Shobhana Chandra

Mortgage applications up AP via CNN

Mortgage Applications Increase In Latest MBA Weekly Survey Mortgage Bankers Association

Banks Help Charlotte, North Carolina, Buck Housing Downturn Bloomberg / David Mildenberg

Lower rates won't turn around housing market just yet Chicago Tribune / Mary Umberger

Fed's rate cut may be bad news for some LA Times /David Lazarus

Consumer Prices Drop 0.1 Percent AP via Chicago Tribune / Martin Crutsinger

Morgan Stanley Profit Drops, First Decline Under Mack Bloomberg / Christine Harper

Never have so many market bubbles existed simultaneously Forbes / Lawrence J. Goldstein

Bank of England in money market about turn FT / Chris Giles

BOE Reverses Policy, Lends Three-Month Emergency Cash Bloomberg /  Brian Swint and Jennifer Ryan

Euro Soars to New High Against US Dollar AP via Forbes

Bernanke Cuts on Slump `Potential,' Adopting Greenspan Approach Bloomberg / Craig Torres

Fed rides to rescue Boston Herald / Jerry Kronenberg

Long bonds extend slide after big Fed rate cut Reuters

U.S. Housing Starts Probably Declined in August to 12-Year Low Bloomberg / Shobhana Chandra

Richard Branson sells off Virgin Megastores brand AFP via Taipei Times

Newsletter editors largely skeptical of market rally Marketwatch / Mark Hulbert

Asia's bull market back on track: strategists Marketwatch / Chris Oliver

Asian Currencies Rise on Fed; New Zealand Dollar, Rupiah Gain Bloomberg / Emma O'Brien and Jake Lee

BOJ Keeps Rate at 0.5% as GDP Shrinks, Fed Cuts Rates Bloomberg / Mayumi Otsuma

UK: The Coming Storm Pimco / Myles Bradshaw

Suddenly, a Hesitation About Splurging NY Times / Landon Thomas, Jr.

U.S. Treasury Notes Fall After Rate Cut Spurs Inflation Concern Bloomberg / Wes Goodman

Libor Hedges Prove Risky Bond Buyer / Matthew Posner

'Helicopter Ben' faces a hard landing in history books Telegraph / Tom Stevenson

Crude Oil Trades Above $82 After Climbing on U.S. Rate Cut Bloomberg / Gavin Evans

Americans adapt creatively to long commutes Christian Science Monitor / Patrik Jonsson

Asian Stocks Advance After Federal Reserve Cuts Interest Rates Bloomberg / Darren Boey and Kyung Bok Cho

UK: Inflation dip gives Bank room for maneuver Scotsman / Scott Reid


Holding the ladder for bond investors Marketwatch / Jonathan Burton

Retailers may have worst holiday in five years, NRF says Marketwatch / Andria Cheng

Gates Is Forbes' Richest American, Buffett Second Bloomberg / Adam Satariano

Bernanke says Fed monitoring economy, rate cut meant to reduce risks to economy AFX via Forbes

Canada: Currency traders look beyond dollar at par Globe and Mail / David Parkinson

Gold futures' next stop: $800, then $2,000 or bust? Marketwatch / Myra P. Saefong

Dollar falls to lowest level in 15 years FT / Michael Mackenzie, Krishna Guha and Eoin Callan

Discount window borrowing falls back to $1.1 billion Marketwatch / Rex Nutting

US discount window borrowing eases after rate cut Reuters

Making Sense of the Federal Reserve National Review / Mark Hemingway

Housing Troubles Dealt the Fed An Unusual Market Washington Post / David Cho and Neil Irwin

Emerging debt-Prices fall but spreads tighten for 3rd day Reuters / Walter Brandimarte

Oracle Net Rises 25% on Demand for Database Products Bloomberg / Rochelle Garner

U.S. Stocks Retreat; Shares of FedEx, Homebuilders Pace Decline Bloomberg /Lynn Thomasson

US mortgage rates rose on Thursday – BestInfo Reuters

TX: Moody's: Dallas may dodge home price slump Dallas Morning News / Steve Brown

Business Outlook Survey Federal Reserve Bank of Philadelphia

Greenspan Fooled Us All NY Post / John Crudele

Oil Rises to Record $83.34 on Signs Rate Cut Will Spur Demand Bloomberg / Mark Shenk

Gold rallies on dollar weakness, record oil prices Marketwatch / Polya Lesova

Fed Up With Crude NY Post / Paul Tharp

Economist: Housing downturn could lead to deep recession Allentown Morning Call / Alan Zibel

Rate cut makes bear feel more golden than ever Marketwatch / Peter Brimelow

Mortgage rates won't fall soon Newsday / Tami Luhby

Party's Over / Mark Glassman

Treasuries sell off on inflation concerns AP via Beaufort Gazette / Leslie Wines

The new financial system has an age-old problem The Economist

Goldman Net Rises 79 Percent, Lifted by Mortgage Bets Bloomberg / Christine Harper

Goldman Sachs net rises 79% on mortgage trading Marketwatch / Greg Morcroft

JPMorgan, ING Funds Backfire With Long-Short Strategy Bloomberg / Sree Vidya Bhaktavatsalam

Could a run on a bank happen in the U.S.? Marketwatch / David Callaway

UK: Labour's moment of peril The Economist

How the European Union is becoming the world's chief regulator The Economist

U.S. Commercial Paper Slump Extends to Sixth Week Bloomberg / Mark Pittman

S&P: Corporate Defaults Could Hit $35B Next Year / Tim Reason

Treasury Yield Gap Reaches Widest Since May 2005 on Inflation Bloomberg / Daniel Kruger and Deborah Finestone

Wall St flat after mixed earnings reports Reuters / Kristina Cooke

Thursday’s Analysis / Marty Chenard

Subprime mortgage lending and mitigating foreclosures Federal Reserve Board

Bernanke: Subprime solution is risky CNN / Jeanne Sahadi

Bernanke `Working' to Avoid a Repeat of Subprime Rout Bloomberg / Craig Torres and Scott Lanman

Greenspan Says Recession Still Possible After Fed Cut Bloomberg / Steve Matthews and Albert R. Hunt

Jobless Claims Drop Unexpectedly AP via NY Times

U.S. Economic Growth Seen Slowing AP via Forbes / Candace Choi

Democrats force Fed to change approach FT / Eoin Callan

Euro Hits New High, Crests $1.40 Level AP via San Francisco Chronicle / Matt Moore

Canada dollar heading for parity with U.S. for first time since 1976 Chicago Tribune

What's Ahead For Financials? Forbes / Liz Moyer

Bear Stearns Net Drops Most in Decade on Credit Rout Bloomberg / Yalman Onaran

Bear: profit sinks 61% CNN

South Florida's inflation soars past rest of country South Florida Sun Sentinel / Harriet Johnson Brackey

Credit markets thaw, problems far from over Reuters / Tony Munroe

Moody's Offers U.S. Indexes for Commercial Property Derivatives Bloomberg / Hui-yong Yu

Gold Rises to 27-Year High of $730.51 an Ounce in London Bloomberg / Claudia Carpenter

Oil holds below $82 as supply worries linger Reuters / Annika Breidthardt

New England Economic Indicator Federal Reserve Bank of Boston

Ten crucial questions for a central banker London Times / James Harding

U.S. Retail Holiday Sales May Rise 4%, Slowest in Five Years Bloomberg Lauren Coleman-Lochner

U.S. moves to stem wave of foreclosures Christian Science Monitor / Mark Trumbull

Leading Economic Indicators in U.S. Probably Declined in August Bloomberg / Joe Richter

Nasdaq to Sell LSE Stake to Dubai in Return for OMX Bloomberg / Niklas Magnusson

Deal to Buy Sallie Mae in Jeopardy NY Times / Andrew Ross Sorkin and Michael J. Merced

U.K. Retail Sales Increased 0.6% in August on Food, Clothing Bloomberg / Svenja O'Donnell

Euro breaks past $1.40 for the first time Marketwatch / Steve Goldstein,

Dollar Falls to Record Low Against Euro Before Bernanke Speaks Bloomberg / Anchalee Worrachate and Stanley White

Taiwan Raises Interest Rate to 3.25% to Cool Inflation Pressure Bloomberg / Perris Lee

Few Asian Nations Will Celebrate `Bernanke Put Bloomberg / Andy Mukherjee

UK: Bank chief pressurised by critics Guardian / Ashley Seager and Larry Elliott

New $5 bill aims to thwart counterfeiters Christian Science Monitor / Caitlin Carpenter


This Is It! Aden Forecast via Safehaven / Mary Anne and Pamela Aden

Helicopter Ben Earns His Wings Euro Pacific via Safehaven / Peter Schiff

Bernanke and the panic button NJ :Post via Lew Rockwell / Murray Sabrin

Changes in Income Inequality across the U.S. Federal Reserve Bank of San Francisco

Lenders do little for strapped subprime homeowners Reuters / Jonathan Stempel

US mortgage rates unchanged on Friday – BestInfo Reuters

NY: Hampton’s Realty is Riding the Monster NY Post / Braden Keil

Bad weather fuels rising wheat prices Newsday / Keiko Morris

TX: Area's job machine losing some steam Houston Chronicle / L.M. Sixel

Ben’s Slap Shot NY Post / Paul Tharp

RBC Fires Bond Salespeople in `Challenging Market' Bloomberg / Caroline Salas

R.H. Donnelley Sells Bonds; High-Yield Demand Returns Bloomberg / Bryan Keogh and Sarah Rabil

Treasurys gain amid Fed speeches Marketwatch / Nick Godt

Fed chief triggers bond volatility FT / Eoin Callan

Financial Market Developments Federal Reserve Board / Kevin Warsh

Fed must beware the dollar danger $ FT

Mortgage rates don't follow Fed via Seattle Post Intelligencer / Holden Lewis

Dollar's Recent Fall Spurs Lots Of Talk, But Crash Unlikely Investors Business Daily / Kirk Shinkle

Declining dollar: Who wins, who loses CNN / David Ellis

Reflation, Inflation or Dollar Flight? Morgan Stanley / Richard Berner

Success and Failure of Monetary Policy since the 1950s Federal Reserve Board / Donald L. Kohn

Will Monetary Policy Become More of a Science? Federal Reserve Board / Frederic S. Mishkin

Fed's rates rolled down, long-term rate moved up St. Louis Post Dispatch / David Nicklaus

The Charm of the Chairman Washington Post / Sebastian Mallaby

Friday’s Analysis / Marty Chenard

Google's Stock Price Soars to New High AP via LA Times / Michael Liedtke

Investor Confidence in High-Yield Loans Improves Bloomberg / Kabir Chibber

CDO Burned In Fire Sale NY Post / Roddy Boyd

Agencies Issue Final Rules On Expanded Examination Cycle for Certain Institutions FDIC

Goldman Sachs textbook case of contrarian analysis in action Marketwatch / Mark Hulbert

Soaring fees fatten banks' bottom line LA Times / David Lazarus

Jobs fears as euro gets stronger BBC News

Gold futures retreat after hitting a 27-year high Marketwatch / Myra P. Saefong & Polya Lesova

Crude futures hold steady after record run Marketwatch / Myra P. Saefong & Polya Lesova

Demographic Trends and the Financial Markets Morgan Stanley / Stephen Jen

TX: Unemployment drops in Texas and Houston AP via Houston Chronicle

What Next from the Bank of England? Morgan Stanley / David Miles

Japan: Fiscal Monster Rears its Ugly Head Morgan Stanley / Robert Alan Feldman

Kohn disputes notion of Greenspan or Bernanke 'put' Marketwatch / Greg Robb

Greenspan's Lips Are Moving Lew Rockwell / Gary North

Questions for Greenspan That Need Better Answers Bloomberg / Caroline Baum

Fed Panics! - Era of Global Financial Market Instability Market Oracle / Mike Whitney

Fed Cuts, BOE U-Turn Show Limits of Independence Bloomberg / Mark Gilbert

The U.S. is on sale Marketwatch

U.S. Stocks Rise; Oracle, Nike Shares Advance on Earnings Bloomberg / Eric Martin

FL: Will housing bubble rise again? Orlando Sentinel / Jerry W. Jackson

KS: Don't be fooled; housing's booming Wichita Eagle / Bill Wilson

Move would boost mortgage market Palm Beach Post / Marilyn Geewax

House prices to drop much lower: Greenspan Reuters

Gold hits 28-year high as dollar touches record lows Reuters / Atul Prakash

Oil Prices Steady Below $82 a Barrel AP via LA Times / Pablo Gorondi

Bernanke and the Saudis Punish the US Dollar! Market Oracle / Jay Crooks

Bush, Fed trying to cushion fallout AP via Allentown Morning Call / Jeannine Aversa

European Manufacturing, Services Growth Slows Bloomberg / Fergal O'Brien

Speculative bubbles do go out of control Taipei Times / Robert Shiller

U.S. Treasury Notes Head for Weekly Loss on Inflation Concern Bloomberg / Wes Goodman

Feeling Subprime Effects Bond Buyer / Rich Saskal

Credit Crunch Rattled Wall St. Powerhouses Washington Post / David Cho

Credit Turmoil Bruised Most on Wall Street, but Pain Was Not Shared Equally NY Times / Eric Dash and Landon Thomas, Jr.

Now Goldman Sachs takes a $1.7bn hit London Times / Miles Costello and Tom Bawden

Yen Falls Against Major Currencies as Risk Appetite Resumes Bloomberg / Kosuke Goto

UK: King shaken but not stirred in Bank's defence Telegraph / Damian Reece

Taiwan: Central bank raises interest rates Taipei Times / Lisa Wang



Bernanke Has Snookered Us All Lew Rockwell / Gary North

Taking Cues From Fed, Speculators Bid Up Oil Washington Post / Steven Mufson

U.K. May Insure 100,000 Pounds of Depositor Funds Bloomberg / Sebastian Boyd

Sea Change at the Fed Thoughts From The Frontline via Safehaven / John Mauldin

Treasury 10-Year Notes Fall Most Since March 2006 Bloomberg / Elizabeth Stanton and Daniel Kruger

Credit doesn't crumble for all Chicago Tribune / Susan Chandler

Full text of Bush's radio address Marketwatch

High oil prices "unsustainable," energy chief says Dow Jones via Seattle Times / Ian Talley

Wall St. bulls bet the Fed got it right LA Times / Tom Petruno

The Real Alan Greenspan Speaks Up Daily Reckoning via Lew Rockwell Bill Bonner and Lila Rajiva

U.S. Stocks Surge the Most Since March After Fed Cuts Rates Bloomberg / Michael Patterson

Newspaper publishers in a jam Marketwatch / John C. Dvorak

Stocks seen rising next week on rate-cut optimism MarketWatch / Nick Godt

Dollar Falls to All-Time Low Versus Euro on Fed Rate Outlook Bloomberg / Min Zeng

OH: Bankruptcy on upswing Cincinnati Enquirer / Alexander Coolidge

CA: Bay Area and California see a mixed employment picture San Francisco Chronicle / Sam Zuckerman

Do-not-call listings set to expire in 2008 AP via South Florida Sun Sentinel / Jennifer C. Kerr

CA: Upbeat job tally masks trouble LA Times / Lisa Girion

Rate cut good news for ARM holders Milwaukee Journal Sentinel / Joanne Cleaver

US dollar's fall drives up Airbus costs Telegraph / Ambrose Evans-Pritchard

Dollars Still Not Equal at Canada’s Cash Registers NY Times / Ian Austen

Beyond the Reservation NY Times / Gary Rivlin

In Shift, Bush Emerges as a Budget Warrior NY Times / Sheryl Gay Stolberg


New ETFs target muni bonds Marketwatch / John Spence

Did the Fed fix the Problem or Are Their Actions a Sign of a Bigger Problem? Cycles News via Safehaven / Tim Wood

As mortgage rates adjust, some find a heavy burden Tacoma News Tribune / Devon Wells

Online advertisers may gain from slump FT / Aline van Duyn

Fed Will Lower Rates Again Before January Trading History Shows Bloomberg / Elizabeth Stanton

Credit storm passing for Wall Street firms Marketwatch / Alistair Barr

Bond quality important in unsettled times Chicago Tribune / Andrew Leckey

Emerging debt seen improving, eyes on core markets Reuters via Washington Post / Daniel Bases

New posse frowns upon Fed actions Pittsburgh Tribune Review / Gregory M. Drahuschak

Greenspan sees slowdown versus recession Marketwatch / Robert Schroeder

Greenspan’s Subprime Mess NY Post / John Crudele

Housing costs push working class to the edge AP via Chicago Sun Times / David Crary and Rachel Konrad

Lack of urgency on national debt is a scary stance LA Times / David Lazarus

Europe and America on flight path for trade war Independent / Tony Glover

The Dollar in Decline Washington Post / Nell Henderson

CA: Financial woes jeopardize area hospitals LA Times / Daniel Costello and Susannah Rosenblatt

China's Vehicle Exports to Rise 46%, Official Says Bloomberg / Helen Yuan

New Zealand's Economic Growth Probably Slowed to 0.5% on Rates Bloomberg / Tracy Withers

Recession may be good for what ails us Cox News via Palm Beach Post / Michael E. Kanell

Consumer confidence wins award for timeliest data Marketwatch / Greg Robb

Ben Bernanke’s ‘too much, too soon’ made him hero London Times / Irwin Stelzer

Effects of Fed's Rate Cut Wall Street Journal / Jennifer Waters

Bush can't be Keynesian supply-sider  St. Paul Pioneer Press / Edward Lotterman

Rising US stocks face headwinds AFP via Taipei Times

Stocks Perk Up, But Risks Still Loom Wall Street Journal / Gregory Zuckerman

FL: Housing slump extends to commercial sites Palm Beach Post / Eve Samples

When it comes to mutual funds, labels can be deceiving Marketwatch / Chuck Jaffe

Caution tempers loonie celebration AFP via Taipei Times

Pittsburgh remains prominent in the global steel industry thanks to suppliers who found ways to evolve Pittsburgh Post Gazette / Len Boselovic

How Many Quarters in a Row Can Earnings Really Grow? Marketwatch via NY Times / Mark Hulbert

A Big Lift, or a Sign of Trouble? NY Times / Conrad De Aenlle

The Great Inflation Mystery, Still Unsolved NY Times / Ben Stein

Gold, Again, Becomes a Shield Against the Unknown NY Times / Conrad De Aenlle

Credit crunch providing rich pickings for vulture funds Telegraph / Helen Power

UK: 'Banks are safer now than they have ever been' Guardian – Observer / Angela Knight

RBS all set to win ABN battle Guardian – Observer / Heather Connon

RBS group edges closer to ABN deal Telegraph / Philip Aldrick

UK: A decision to share the load has backfired badly on the Bank Guardian – Observer / William Keegan

UK: City predicts interest rate cut Guardian – Observer / Heather Stewart

Did the Bank of England cave in to political pressure? Telegraph / Iain Dey


Agencies Adopt Final Rules to Implement the Bank “Broker” Provisions of the Gramm-Leach-Bliley Act Federal Reserve Board

The Money Has to Come From Somewhere Texas Straight Talk via Safehaven / Ron Paul

TIPS market to auger rising inflation – PIMCO Reuters

Texas to Lead Week's $4 Billion in U.S. Tax-Exempt Bond Sales Bloomberg / Jeremy R. Cooke

'The Fed is obviously terrified' Commodity Online / Mike Swanson

Bernanke says supply of educated workers in US is falling behind demand AFX via Forbes

World's greatest market: China or U.S.? Marketwatch / Paul B. Farrell

With opening of outside markets to individuals, fund firms flock to mainland Marketwatch / Murray Coleman

Social Security is $13 trillion short AP via CNN

U.S. stocks close lower after consolidating gains Marketwatch / Kate Gibson

Dollar slump could help U.S. exports McClatchy / Kevin G. Hall

CPI's Lie on Household Inflation Doesn't Wash Bloomberg / John F. Wasik

U.S. manufacturing sector doing all right, Engler says MCT News via Lansing State Journal

How Much More Work Does the Fed Have to Do? Morgan Stanley / Richard Berner

Education and Economic Competitiveness Federal Reserve Board / Ben S. Bernanke

Analysis: Second-Quarter Personal Income pdf Federal Reserve Bank of Philadelphia

Chicago Fed index shows below average economic growth in August Dow Jones via Chicago Tribune / Jesse Thomas

Chicago Fed's Evans doesn't discuss economy, policy Reuters

Review and Preview Morgan Stanley / Ted Wieseman and David Greenlaw

Liquidity Crunch: How Long Will It Last? / Stephen Taub

Bonds little changed, await cues from wobbly stocks Reuters / Chris Reese

Financials weigh on stocks Reuters / Caroline Valetkevitch

USD: The Risk of a Recession Will Remain Contained Morgan Stanley / Luca Bindelli and Stephen Jen

Fed Projects a Four Year Long Recession Wall Street Window via Safehaven / Michael Swanson

AMT: Tick-tock, Congress CNN / Jeanne Sahadi

GM's U.S. Workers Strike After Contract Talks Fail Bloomberg / Jeff Green and Bill Koenig

Rallying investors drunk on Fed cut CNN / Grace Wong

Monday’s Analysis / Marty Chenard

U.S. stocks extend prior week's gains Marketwatch / Kate Gibson

Elliott Wave Doomsday: Dow Jones 400 Target Losing Its Glory At

Light Speed Market Oracle / Eric Chevrette

Credit crunch to hit hardest in 2008 Reuters / Andrew Hay

European Yield Gap Widens to Most in Month on Inflation Outlook Bloomberg / Gavin Finch

Deutsche Bank declines comment on report of 1.7 bln eur writedowns in Q3 AFX via Forbes

Gold futures ease back from the day's best levels Marketwatch / Myra P. Saefong

Gold Starts the Week 3.4% Higher; "Dramatic Fall in Demand Not Expected" Market Oracle / Adrian Ash

FL: Number of state's uninsured kids increases Orlando Sentinel / Harry Wessel

IMF warns of more turbulence and slower growth London Times / Gabriel Rozenberg

Credit crunch 'hits world growth' BBC News

UK: Government finances sink deeper into the red London Times / Gabriel Rozenberg

You Earn What You Learn Federal Reserve Bank of Dallas / Richard W. Fisher

Fed can act again in either direction-Fed's Fisher Reuters

Federal Reserve Events Reuters

Fed adds $10 bln in reserves through overnight repos Reuters

Treasury Notes Drop on Concern Fed Rate Cut to Fuel Inflation Bloomberg / Elizabeth Stanton and Agnes Lovasz

US's Ryan-TIPS to remain core port of US portfolio Reuters

Fed's Rate Cut May Give Little Relief to Homeowners Bloomberg / Bob Ivry

US: mortgage default rate stabilizing AP via Houston Chronicle / Gillian Wong

Home Buyers Have Options NY Post / Lynnette Khalfani Cox

Tough start on Wall Street CNN

Suddenly a Good Bear Is Hard to Find as Stocks Rise on Fed Ease Bloomberg / Daniel Hauck and Michael Tsang

Oil down as Gulf of Mexico production restarts ease supply jitters AFX via Forbes

Euro hits another record high AP via CNN

Rate cut, growth fears push dollar to fresh lows Reuters / Lucia Mutikani

Banks Reduce Backlog of Unsold Debt to $370 Billion Bloomberg / Cecile Gutscher

Goldman Sees `Bottom' as Besieged Wall Street Can't Yet Concur Bloomberg / Christine Harper and Bradley Keoun

Forget Dog Years -- We Are Living `China Years' Bloomberg / William Pesek

Partying like it's 1998? Marketwatch / Mark Hulbert

Two-Year Treasuries May Rise on Signs Fed to Add to Rate Cuts Bloomberg / Jake Lee

Fed's rate cut may spark global chaos Australian / David Uren

Oil Falls a Second Day as Production Rises in Gulf of Mexico Bloomberg / Gavin Evans and Christian Schmollinger

Dell makes move into China retail market FT / Kevin Allison

Women face new challenge in divorces Pittsburgh Post Gazette / Tim Grant

Treasury to Pause SLGS Program Bond Buyer / Dakin Campbell

How the falling dollar affects Americans Christian Science Monitor / Ron Scherer

Dollar Falls Against Yen on Speculation U.S. Home Sales Dropped Bloomberg / Stanley White

Wheat Farmers Signal Price Drop With Increased Sowing Bloomberg / Jeff Wilson and Jae Hur

NY: Risky Loans Help Build Ghost Town of New Homes NY Times / David Gonzalez

Taiwan: Central bank steers its own course Taipei Times

As the Fall Season Arrives, TV Screens Get More Cluttered NY Times / Wendy A. Lee



Bye-bye subprime loans, hello junk bonds Marketwatch / Thomas Kostigen

Canada: Turbulence in Credit Markets: Causes, Effects, and Lessons To Be Learned Bank of Canada / David Dodge

Central banks kept rates too low: Dodge Globe and Mail / Heather Scoffield

U.S. Dollar Goes the Way of Monopoly Money / Igor Greenwald

Economy sends off warning flares AP via Houston Chronicle / Philana Patterson

Family Making $56,000 Struggles With `Out of Sight' Health Cost Bloomberg / Aliza Marcus

Competition heats up for world's fastest supercomputer McClatchy / Robert S. Boyd

Invention, Productivity, and the Economy Federal Reserve Bank of Philadelphia / Charles I. Plosser

Fed must weigh inflation against recession FT / Martin Wolf

Double Digits? Be Prepared for Rate Hikes The Street / Jeffrey Strain

Labor data paved way for rate cut support: Plosser Marketwatch / Greg Robb

Corporate Debt Risk Rises Most in Two Weeks on Housing Concerns Bloomberg / Shannon D. Harrington and Bryan Keogh

Bonds gain as data supports rate cut forecasts Reuters / Chris Reese

How to play the real estate bounce-back Business 2.0 via CNN / Paul Kaihla

Vonage Crashes After Losing Patent Case Forbes / Carl Gutierrez

Changing Hats Forbes / Brian Caulfield

Market inches up on rate cut optimism Reuters / Caroline Valetkevitch

Canada should put its loonie pride on hold London Times / Gerard Baker

Accounting for Changes in the Homeownership Rate Federal Reserve Bank of Atlanta / Matthew Chambers, Carlos Garriga, and Don E. Schlagenhauf

Chicago Fed National Activity Index pdf Federal Reserve Bank of Chicago

Shared National Credit Results Reflect Large Increase in Credit Commitment Volume and Satisfactory Credit Quality FDIC

Brokers' Settlement Records Often Wiped Clean Washington Post / Tomoeh Murakami Tse

Gold prices: Nowhere to go but up CNN / David Ellis

Distressed bond levels rise due market turmoil-S&P Reuters

AMBAC, FGIC, May Need Capital for Subprime Losses Bloomberg / Christine Richard

Rating agencies in the hot seat CNN / Grace Wong

SIFMA Recommends Full Market Close October 8 for Trading of US Fixed-Income Securities in Observance of the US Columbus Day Holiday SIFMA

Lennar Posts Record 3Q Loss AP via Washington Post / Adrian Sainz

Markets strain affects US economy FT / Krishna Guha and Eoin Callan

More signs of rattled consumers? Reuters / Brad Dorfman

U.S. Economy: Consumer Confidence Slumps, Home Sales Decline Bloomberg / Shobhana Chandra and Bob Willis

A Tax-and-Spend Orgy National Review / Grover G. Norquist

Regulatory harmony is in the air FT / Jeremy Grant

EchoStar May Split Into 2 Companies AP via Washington Post

Tuesday’s Analysis / Marty Chenard

Treasurys rise on growth concerns Marketwatch / Nick Godt

Treasuries Rise as Consumer Confidence, Home Sales Decline Bloomberg / Elizabeth Stanton and Agnes Lovasz

Those complaining about the Fed should study history Marketwatch / Dr. Irwin Kellner

Fed rate cut of little help Mercury News / Mark Schwanhausser

Greenspan Rightly Sticks to His Guns Bloomberg / John M. Berry

The Federal Reserve's Interest Rate Cut Does Not Help Americans Merk Hard Currency Fund via Safehaven / Axel Merk

Currency Trades Soar to $3.2 Trillion a Day, BIS Says Bloomberg / Kim-Mai Cutler

Corn, soybean prices fall AP via Contra Costa Times

Mortgage servicer bounces checks AP via Washington Times

Home sales continue spiral down CNN / Les Christie

What Foreign Investors Will Do Next As Falling Dollar Makes US Assets Cheaper Market Oracle / Tony Sagami

Oil Falls Below $79 as Demand Falls and Refiners Shut Units Bloomberg / Mark Shenk

US Sept consumer confidence falls to 99.8-Conf Bd. Reuters

Indexes drop as housing spurs economic worry Reuters / Ellis Mnyandu

U.S. Stocks Decline on Reduced Forecasts at Target, Lowe's Bloomberg / Michael Patterson

On Hedges and Health NY Post / Roddy Boyd

Fed adds $9.75 bln in reserves through 2-day repos Reuters

S&P/Case-Shiller Home Price Index Falls 3.9% in July Bloomberg / Courtney Schlisserman

Illinois home prices rise in August while sales slow Chicago Tribune / James P. Miller

Real estate blogger taps into bursting market bubble San Francisco Chronicle / Carolyn Said

CA: Sun-powered homes defy a cool housing market LA Times / Elizabeth Douglass

Discover profit falls 16% in 3Q AP via Chicago Tribune

Life Is a Party in Japan for All Wrong Reasons Bloomberg / William Pesek

Subprime Panic Freezes $40 Billion of Canadian Commercial Paper Bloomberg / Rob Delaney

Treasury Offers New Arb Rules Bond Buyer / Alison L. McConnell

Despite Fed cuts, mortgage rates rise Boston Herald / Jerry Kronenberg

Sales of U.S. Existing Homes Probably Fell to Five-Year Low Bloomberg / Bob Willis

Turns out Bernanke isn't so conservative after all AP via St. Petersburg Times

Prudent Speculator sticks with stocks Marketwatch / Peter Brimelow

Showdown in Congress over child healthcare Christian Science Monitor / Gail Russell Chaddock

GOP Senator Says Bush Should Put Health Bill Before Policy Goal Washington Post / Jonathan Weisman and Christopher Lee

Inconvenient Truths Daily Standard / Irwin M. Stelzer

U.S. Notes Rise on Expectations Existing Home Sales to Decline Bloomberg / Wes Goodman

Yen Gains as Report on U.K Deposit Scheme Causes Risk Aversion Bloomberg / Kosuke Goto

Australian Dollar Trades Near 8-Week High on Demand for Yield Bloomberg / Chris Young

Oil Falls a Third Day on Increased U.S. Output, Waning Demand Bloomberg / Gavin Evans

Misery may be just beginning, warns IMF Telegraph / Edmund Conway

World Bank Faces Doubt From Donors NY Times / Steven R. Weisman

BOJ Kept Rate on Hold on Market Turmoil, Minutes Show Bloomberg / Jason Clenfield

Battellino Says Australian Households in `Good Shape' Bloomberg / Victoria Batchelor

The markets: pros and cons Telegraph / Tom Stevenson

As race for oil-rich Arctic heats up, Inuit stake their claim, too Christian Science Monitor / Colin Woodard


Since Fed rate cut, long bonds have gotten short shrift Chicago Tribune / Bill Barnhart

National Economic Growth Remains Moderate Federal Reserve Bank of Dallas

US Housing Crash Deepens As the US Drifts Towards Stagflation Market Oracle / Nadeem Walayat

Treasury official says markets on the mend FT / Krishna Guha, Michael Mackenzie and Saskia Scholtes

U.S. Charges 2 Californians With Economic Espionage Bloomberg / Karen Gullo

Merrill Lynch May Write Down Assets by $4 Billion Bloomberg / Bradley Keoun

Inspector Finds Broad Failures in Oil Program NY Times / Edmund L. Andrews

Sallie Mae says buyers do not expect to close deal Reuters

TX: Houston's economy ranks among the biggest Houston Chronicle

The Past, Present, and Future of Futures Federal Reserve Bank of Atlanta / Shalini Patel

The Shaking Tower of Debt Ludwig von Mises Institute / Thorsten Polleit

Gold futures close lower as dollar rebounds Marketwatch / Polya Lesova

Court says Vonage infringed 2 Verizon patents AP via CNN

No More Excuses Forbes / Joann Muller

Treasuries Recoup Losses on Demand at Two-Year Note Auction Bloomberg / Elizabeth Stanton

Subprime-Mortgage Defaults Rose Last Month, Data Show Bloomberg / Jody Shenn

North Carolina Borrows $288 Million, Leading Tax-Exempt Sales Bloomberg / Jeremy R. Cooke

Moody's Names New Ratings Heads, Chief Credit Officer Bloomberg / Christine Richard and Mark Pittman

Subprime: Big talk, little help CNN / Jeanne Sahadi

Bear Stearns Gains on Speculation About Stake Sale Bloomberg / Eric Martin and Jeff Kearns

IRS launching audit project to try to reduce tax evasion AP via Chicago Tribune / Eileen alt Powell

SEC Probes Whether Issuers Pressured S&P, Moody's Bloomberg / Jesse Westbrook and James Tyson

GM bonds rise after strike ends, 2033 bond gains Reuters

Has the Fed Lost Control Over Money? Lew Rockwell / Gary North

Nasdaq Treks Higher, NYSE Backs Off Initial Gains; Volume Mixed Investors Business Daily / Alan R. Elliott

Wednesday’s Analysis / Marty Chenard

U.S. Stocks Climb; General Motors, Monsanto Shares Advance Bloomberg / Michael Patterson

U.S. stocks higher, fueled by GM-UAW deal Marketwatch / Kate Gibson

Mortgage applications slide AP via CNN

Refinancing activity ticks up, MBA's data show Marketwatch / Amy Hoak

Mortgage Applications Decrease In Latest MBA Weekly Survey Mortgage Bankers Association

TX: More renters are filling up apartments Dallas Morning News / Steve Brown

O.C. high-rise boom fizzles Orange County Register / Jeff Collins

Base Metals Carve Out Gains AP via Washington Post / Lauren Villagran

Oil prices seen surging to record level next year Reuters / Randy Fabi

Dollar shrugs off softer durables data Reuters / Lucia Mutikani

From a Foot-Dragging Fed to a Rate Cut Too Far Bloomberg / Caroline Baum

Ahead of the (yield) curve Marketwatch / Mark Hulbert

Credit Suisse’s A Bond Victim NY Post / Roddy Boyd

Treasuries Decline Before $18 Billion Auction of Two-Year Notes Bloomberg / Agnes Lovasz and Elizabeth Stanton

Capital spending softens in August Marketwatch / Rex Nutting

U.S. Durables Orders Fell by Most in Seven Months Bloomberg / Joe Richter

Late Payments Down for Credit Cards AP via Chicago Tribune / Jeannine Aversa

GM Strike - It's A Deal Forbes / Andrew Farrell

U.S. Stock-Index Futures Climb; General Motors, Chevron Advance Bloomberg / Henrietta Rumberger and Michael Patterson

China Stocks Shed 1.6 Percent AP via Forbes

Housing: Big-ticket vs. Big value CNN / Keisha Lamothe

Adjustable-rate mortgages: now it hurts Newsday / Tami Luhby

FL: Broward housing market can't find a bottom South Florida Sun Sentinel / Paul Owers

Las Vegas Home Devaluation Shows Residential Market May Drop 6% Bloomberg / Kathleen M. Howley

US House challenges Bush on healthcare Reuters via FT

Oil finds floor following 3-day selloff AP via CNN

Walking proof of insurance crisis LA Times / David Lazarus

Trichet, Sarkozy Should Bury Hatchet for Economy Bloomberg / Matthew Lynn

Plosser Says Fed's Rate Cut May Cause Inflation to Accelerate Bloomberg / Scott Lanman and Anthony Massucci

U.S. Durables Orders Probably Fell Last Month After July Surge Bloomberg / Joe Richter

Steepest fall in US house prices in 16 years fuels fears of recession Independent / Sean O'Grady

Real-Time Pricing Service Kicks Off Bond Buyer / Matthew Posner

U.S. Notes Little Changed; Report May Show Durable Goods Fell Bloomberg / Wes Goodman

The Wrong Reason To Strike Washington Post / Steven Pearlstein

PA: Housing prices grow in region Pittsburgh Post Gazette / Elwin Green

As Dollar Dips, Canada Exploits Lucrative Loonie Washington Post / David cho

Asian Stocks Climb for a Third Day; Mizuho, Banks Lead Gains Bloomberg / Chen Shiyin and Satoshi Kawano

Northern Rock may provide neither answers nor cash Telegraph / Tom Stevenson

Japan Trade Surplus Surges on Exports of Autos, Steel Bloomberg / Lily Nonomiya

Dollar Declines to Record Low Against Euro Before Durable Goods Bloomberg / Stanley White and Kosuke Goto

UK cashes in on dominance in currency trade markets London Times / Gabriel Rozenberg

HSBC meets investors to counter Knight Vinke's attack London Times / Christine Seib

Red Hat Earnings Rose Sharply in 2nd Quarter AP via NY Times


Why I distrust Goldman Sach’s good fortune NY Post / John Crudele

Congress agrees to raise U.S. credit limit Reuters / Donna Smith

Globalization, Macroeconomic Performance, and Monetary Policy Federal Reserve Board / Frederic S. Mishkin

Survey of Tenth District Manufacturing Federal Reserve Bank of Kansas City

Fed's Mishkin downplays globalization as a factor in low inflation AFX via Forbes

US Housing Decline to Continue and Commodities Prices Headed Much Higher Market Oracle / Emanuel_Balarie

Where Have All The Parrots Gone? Commodity News Center via Safehaven / Emanuel Balarie

Was the script for the recent turmoil written in 1998, 1990, or is it new? The Economist

E.E.O.C. Files Lawsuit Against Bloomberg L.P. NY Times / Anhad O’Conner

Treasuries Gain on Drop in New Home Sales, Note Auction Results Bloomberg / Elizabeth Stanton and Daniel Kruger

Stocks end with a gain CNN / Alexandra Twin

The loonie takes wing The Economist

Yale Fund Earns 28 Percent, Best Return Since 2000 Bloomberg / Matthew Keenan

Fidelity Investments reorganizes AP via CNN

How fit is the panda? The Economist

Dodgy looking The Economist

Corporate Credit Takes Another Hit / Stephen Taub

Treasury 5-year auction results strong; awarded at 4.250% Marketwatch / Lisa Twaronite

U.S. Commercial Paper Drop Slows After Fed Cuts Rates Bloomberg / Mark Pittman

Fed adds 38 bln usd to markets with range of new repos this morning AFX via Forbes

Fed's Evans does not discuss economy, policy Reuters

Poll: 66% think Fed's recent rate cut was the right size Triad Business Journal

The economy is poised to maintain a healthy pace of growth National Review / David Gitlitz

Ex-New Mexico Treasurer Sentenced to Prison / Stephen Taub

Surplus buoys Canadian dollar Globe and Mail / Tavia Grant

Euro's rise breaking the bank for Sarkozy Globe and Mail / Carl Mortished

Gold, Silver Rally as Dollar Falls to All-Time Low Against Euro Bloomberg / Pham-Duy Nguyen

Bank of Canada steps back into the market Globe and Mail / Heather Scoffield

Greenspan sees threat of '70s-style inflation McClatchy / Kevin G. Hall and Robert A. Rankin

Dollar up vs. yen, off euro lows after jobless data Marketwatch / Lisa Twaronite

Mortgage meltdown: Vulture investors CNN / Les Christie

MBA Releases 2nd Quarter 2007 Commercial Real Estate/Multifamily Finance Quarterly Data Book Mortgage Bankers Association

Thursday’s Analysis / Marty Chenard

MN: Metro economy lags others St. Paul Pioneer Press / Jennifer Bjorhus

CO: State GDP is building momentum Denver Post / Aldo Svaldi

U.S. August new homes sales fall 8.3 percent Reuters

Economy shows growth, but misses forecasts AP via CNN

US Aug newspaper help-wanted index hits record low Reuters

U.S. Initial Jobless Claims Unexpectedly Decline Bloomberg / Courtney Schlisserman

Greenspan Says `Pending Tsunami' May Hurt Fed Bloomberg / John M. Berry

Regional Economic Employment pdf Federal Reserve Bank of Philadelphia

Fed's Rosengren does not comment on economy Reuters

U.S. Housing-Slump Bottom Not Yet Near, Fannie Mae's Mudd Says Bloomberg / Peter Cook and Jody Shenn

Bankrate: Mortgage Rates Move Higher Following Fed Cut CNN

U.S. Stocks Rise on Rate-Cut Speculation; Sallie Mae Rallies Bloomberg /

Michael Patterson

Treasurys lower as stocks head higher AP via Houston Chronicle / Leslie Wines

Another New Low for Dollar AP via Forbes

Oil extends gains amid storm worries AP via Houston Chronicle / George Jahn

Chuck Norris's Tears Might Solve Credit Crunch Bloomberg / Mark Gilbert

Banks Borrow 3.9 Billion Euros at ECB's Penalty Rate Bloomberg / John Fraher and Gavin Finch

Haines: Stagnant Muni Market Not Keeping Up Bond Buyer / Andrew Ackerman

Auto workers make concessions to keep jobs in U.S. Christian Science Monitor / Mark Trumbull

Bush's fiscal legacy: bigger debt Christian Science Monitor / Peter Grier

The conservatives are restless. Enter Newt Gingrich (maybe) Christian Science Monitor / Ariel Sabar

Treasuries Little Changed; Stocks Damp Outlook for Rate Cut Bloomberg / Wes Goodman

Investors End Deal To Buy Sallie Mae Washington Post / David Cho and Thomas Heath

Buffett Said to Consider Bear Stake NY Times / Landon Thomas, Jr.

Wheat Reaches Record as Ukraine Cuts Exports, Stockpiles Low Bloomberg / Jae Hur

Clinton's Money Men Sing in Tune With Bush's Washington Post / Neil Irwin

Asian Stocks Climb to Two-Month High; Macquarie, Mizuho Gain Bloomberg / Chen Shiyin and Kiyori Ueno

Dollar Trades Near Record Low Versus Euro Before New Home Sales Bloomberg / Kosuke Goto

Clash over Internet access tax heats up LA Times / Jim Puzzanghera

Australian Dollar Approaches 18-Year High; Yield Premium Widens Bloomberg / Chris Young

UK: No takers for Bank’s £10bn short-term loans after policy U-turn London Times / Patrick Hosking



Internal Risk Models and the Estimation of Default Probabilities Federal Reserve Bank of San Francisco

Why Fed's rate cut didn't ease the pain of mortgage pricing Sacramento Bee / Jim Wasserman

Fed Bank Presidents Warn Against Assuming an October Rate Cut Bloomberg / Steve Matthews and Scott Lanman

The Return of Muddle Through Thoughts From The Frontline via Safehaven / John Mauldin

Stagflation Revisited Euro Pacific via Safehaven / Peter Schiff

Rates on 15-year, 30-year mortgages rise; ARMs decline AP via Baltimore Sun

3rd quarter: Whew, it's finally over CNN / Alexandra Twin

U.S. Treasuries Post Biggest Quarterly Return in Five Years Bloomberg / Agnes Lovasz and Wes Goodman

Systemic Risk and the International Lender of Last Resort Federal Reserve Board / Frederic S. Mishkin

Thinking Like a Central Banker Federal Reserve Bank of St. Louis / William Poole

Poole Sees `Moderate' Growth, Market Turmoil Easing Bloomberg / Steve Matthews and Anthony Massucci

Greenspan: 'We saw credit risks' BBC News

Treasurys lose gains as market looks to jobs report Marketwatch / Nick Godt

Defaults on Insured Mortgages Increase 30 Percent Bloomberg / Hugh Son and Josh P. Hamilton

NY: Economist: Lack of affordable homes driving workers off LI Newsday / Carrie Mason-Draffen

30-year mortgage rates heading higher again South Florida Sun Sentinel

Commodities Head for Biggest Monthly Increase in 32 Years Bloomberg / Millie Munshi

Gold prices surge, highest since 1980 AP via USA Today

Fall Fuels Fund NY Post / Roddy Boyd

Recession chatter gets louder Fortune via CNN / Peter Eavis

Frenchman is named new IMF chief BBC News

Navigating Around Financial Turbulence Federal Reserve Bank of Atlanta / Dennis P. Lockhart

Implications of Behavioral Economics for Monetary Policy Federal Reserve Bank of San Francisco / Janet L. Yellen

Inflation and Unemployment: A Layperson's Guide to the Phillips Curve pdf Federal Reserve Bank of Richmond / Jeffrey M. Lacker and John A. Weinberg

A Taylor Rule and the Greenspan Era pdf Federal Reserve Bank of Richmond / Yash P. Mehra and Brian D. Minton

Housing bottom 'could be a ways off': Lockhart Marketwatch / Greg Robb

Investors to Fed: Thanks for nothing Fortune via CNN / Allan Sloan

Fed's Yellen: inflation expectations well anchored Marketwatch / Scott Malone

Dollar Peggers to Stretch the ‘Impossible Trinity' Morgan Stanley / Stephen Jen

Belated Verbal Intervention from the ECB? Morgan Stanley / Stephen Jen and Luca Bindelli

Trashed junk bonds making a comeback LA Times / Tom Petruno

Treasuries Rise, Extending Biggest Quarterly Gain in Five Years Bloomberg / Elizabeth Stanton

Treasurys rally after inflation data Marketwatch / Nick Godt

Friday’s Analysis / Marty Chenard

U.S. Stocks Drop on Higher Borrowing Costs; Financials Fall Bloomberg / Michael Patterson

Consumer spending tops forecasts CNN / Chris Isidore

U.S. Economy: Consumer Spending Increases More Than Forecast Bloomberg / Joe Richter

Gold rallies as dollar tumbles to fresh low vs. euro Marketwatch / Polya Lesova

Housing heading to cellar Chicago Tribune / Mary Umberger

What the Tube Can Teach the Subway, and Vice-Versa Bloomberg / Joe Mysak

The Economy Is Cooling Morgan Stanley / Eric Chaney

Japan: Modest Pick-up Alert Morgan Stanley / Takehiro Sato

U.S. Treasuries Set for Biggest Quarterly Gain in Five Years Bloomberg / Wes Goodman

Profit Growth in U.S. May Hit Five-Year Low on Housing Slump Bloomberg / Tom Randall

More homeowners hold mortgages into retirement Pittsburgh Post Gazette / Tim Grant

What the Fed Has Done to Us Lew Rockwell / Ron Paul

Asian indexes extend record run Marketwatch / V. Phani Kumar

Canadian Dollar Aiding Online Retailers NY Times / Ian Austen

Dollar continues weaker on growing expectations of further Fed rate cut AFX via Forbes

Papers Study August Crisis, From First Wave to Last Ripple NY Times / Jenny Anderson

Settlement Will Cost Freddie Mac $50 Million AP via NY Times

OECD warns of deepening downturn by end of year London Times / Gary Duncan

I.M.F. Faces a Question of Identity NY Times / Steven R. Weisman

Crude Oil Trades Near $83 After Rising on Dollar Slide, Demand Bloomberg / Gavin Evans and Christian Schmollinger

Goldman Sachs warns of spreading economic turmoil Telegraph / Ambrose Evans-Pritchard

Japan's Industrial Production Surges 3.4% to Record Bloomberg / Lily Nonomiya

Dollar Falls Against Yen, Euro on Speculation Fed to Cut Rates Bloomberg / Stanley White and Kosuke Goto


Oct. 1987 panic still a mystery Denver Post / Al Lewis

Taiwan Central Bank May Raise Rates, Perng Indicates Bloomberg / James Peng and Yu-huay Sun

"Santa Claus" rally may not satisfy volatile U.S. market Denver Post / Aldo Svaldi

Inflation muddies Fed policy Chicago Tribune / William Sluis

U.S. Stocks Have Biggest September Gain Since 1998 on Rate Cut Bloomberg / Nick Baker

Stocks wait for jobs report for clues on Fed Marketwatch / Nick Godt

Sept. auto sales expected to fall AP via Lansing State Journal / Dee-Ann Durbin

For Housing, the Summer of the Unsold NY Times / Floyd Norris

Texas housing market likely to outdo U.S. as a whole, economist says Dallas Morning News / Steve Brown

The Foreclosure Pickings Are Plentiful but Not Easy NY Times / Hillary Chura

Text of president's weekly radio address Marketwatch

Bill goes after huge tax breaks on stock options NY Post / Janet Whitman

Wachovia gets OK to buy A.G. Edwards Charlotte Observer / Rick Rothacker

Online Bank Fails, and Regulators Shut It AP via NY Times

Countrywide CEO sold big as stock dropped Bloomberg via LA Times / Jamie Rector

European Bonds Post Monthly Decline as Inflation Accelerates Bloomberg / Gavin Finch

Dollar Falls to All-Time Low Versus Euro on Fed Rate Outlook Bloomberg / Min Zeng


Forex - US dollar mixed Sydney morning, euro at fresh highs AFX via Forbes

Why the Fed's Rates Policy will Fail Brookes News via Safehaven / Gerard Jackson

Economic winds make stock market volatile Dallas Morning News / Will Deener

Credit Crisis Could Dash Hopes for a Fall Rally US News and World Report via NY Times / Paul J. Lim

Off the Payroll: A Look at the Life of the Nonworker NY Times / Phyllis Korkki

Shut up and deal: The economy isn't that bad St. Louis Post Dispatch / David Nicklaus

A Return to Growth in Jobs? NY Times / Conrad De Aenlle

Help for Home Buyers From the Inside Washington Post / Michelle Singletary

Can These Mortgages Be Saved? NY Times / Gretchen Morgenson

UBS to report large loss from fixed-income unit Marketwatch

Fed rate cut is becoming 'Bernanke conundrum' San Diego Union Tribune / Dean Calbreath

Rating the real cost of inflation San Diego Union Tribune / Dean Calbreath

Economy enters fourth quarter with questions AP via MSNBC

Payrolls expected to bounce back in September Marketwatch / Rex Nutting

Yes, you can still get a mortgage Allentown Morning Call

America's scams put homes at risk Guardian – Observer / James Doran

Reform is coming to US healthcare FT

Shake-up must not bring back overregulation London Times / Irwin Stelzer

UK: 'Crying out' for cheaper money. But economists fear their pleas will fail Independent / Simon Evans

UK: Don't bank on a rate cut Guardian - Observer

UK: Banks hooked on a numbers game that didn't add up Guardian – Observer / Heather Stewart and Nick Mathiason

Unemployment May Rise, Factories Slow: U.S. Economy Preview Bloomberg / Joe Richter

They’re Not So Fed Up NY Post / Paul Tharp

Fed's rate cut can't pull home builder stocks out of free fall San Francisco Chronicle / Kathleen Pender

Investors hold out hope for more treats than tricks Pittsburgh Tribune Review / Gregory M. Drahuschak

Market makes a monkey out of our expert Chicago Sun Times / David Roeder

Calculating the Dow Wall Street Journal / Tom Herman

For some consumers, rate cut could spell trouble LA Times via Chicago Tribune / David Lazarus

Gen Anxiety NY Post / Richard Wilner

Wall Street Awaits Key Economic Reports AP via Philadelphia Inquirer / Madlen Read

ARMs escalation brings borrowers down Charlotte Observer / Christopher D. Kirkpatrick

Choosing Funds in the Rate Cut's Shadow Wall Street Journal / Eleanor Laise