Bondhead News Archive

May 16 – May 31

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NY: As food and gas costs rise, so do financial worries Newsday / Gary Dymski

"Living in a Derivative World" by Modigliani and Miller Safehaven / Paul Tolnai

Who's Getting Rich And Poor Off $4 Gas? Forbes / Daniel Fisher

FL: Jobless ranks shrink, unemployed stop looking for work Palm Beach Post / Jeff Ostrowski

N.C. jobless rate rose to 5.4 percent in April Raleigh News and Observer / Jonathan B. Cox

Washington events for May 19 – 23 Marketwatch

McCain says Obama and Clinton threaten gun rights Reuters / Caren Bohan

Oil May Reach $500 a Barrel, Chavez Warns Bloomberg via NY Sun / Steven Bodzin

U.S. to suspend oil reserve shipments CNN / Steve Hargreaves and Kenneth Musante

Saudi Arabia Says It Will Boost Oil Output in June Bloomberg / Janine Zacharia

Rates on 30-year mortgages fall to lowest point in a month AP via Modesto Bee / Jeannine Aversa

Picking potential winners -- if euro loses its steam Marketwatch / William L. Watts

Investment Banks Doing Better, But Profits An Issue Long-Term Investors Business Daily / Vance Cariaga

Clowning Around Safehaven / Fred Sheehan

Bernanke Requests Power to Pay Interest on Reserves Bloomberg / Craig Torres and Scott Lanman

Seeing Through Big Oil Forbes / Brian Wingfield

Oil Keeps Climbing, Stocks Pare Loss Forbes / Steve Schaefer

Consumers are on edge, but the pain will pass Marketwatch

China's Simple Solution Euro Pacific via Safehaven / Peter Schiff

The Great Credit Squeeze: How it Happened, How to Prevent Another FDIC / Sheila Blair

Bond Sales, Muni Bankers Are Set to Dive Off Cliff Bloomberg / Joe Mysak

U.S. Consumer Sentiment Decreases to 28-Year Low Bloomberg / Shobhana Chandra

U.S. Stocks Retreat, Led by Retailers, Banks; Gap, KeyCorp Fall Bloomberg / Eric Martin

CA: Sacramento-area renters suffer from foreclosures Sacramento Bee / Jim Wasserman

Apartments key to home construction gain CNN / David Goldman

Saudis see no reason to raise oil production now AP via LA Times / Jennifer Loven

Fannie Mae to Drop Down Payment Rules in Worst Areas Bloomberg / Jody Shenn

April housing starts rise best since Jan 2006 Reuters / Glenn Somerville

Auction-Rate Market Collapse Costs U.S. Taxpayers $1.65 Billion Bloomberg / Michael Quint and Darrell Preston

TREASURIES-Selloff extends on surprise housing starts rise Reuters

Fed's Lockhart sees hope that inflation slowing Reuters

Fed, BOE Foreshadow End of Rate Cuts as Prices Rise Bloomberg / John Fraher and Simon Kennedy

Federal Reserve Events Reuters

Friday’s Analysis / Marty Chenard

Cash registers not ringing AP via Orlando Sentinel / Schuyler DiXon

Stock rally may have legs CNN

GE confirms might sell appliance business Marketwatch / Christopher Hinton

A farewell to arms waving at the Merc Chicago Tribune / Joshua Boak and Greg Burns

Oil above $127 for the first time BBC News

Scholes, Nobel Laureate, Says Credit Crisis May Not Be Over Bloomberg / Vivien Lou Chen and Thomas R. Keene

For Wall Street Workers, Ax Falls Quietly NY Times / Louise Story and Eric Dash

Barclays takes £1.7 billion hit and refuses to rule out capital raising London Times / Christine Seib

The stock of banks is low and it is easy to understand why Telegraph / Tracy Corrigan


Safeway tries downsizing to better fit local needs LA Times / Jerry Hirsch

The $10,000 Atlanta Houses Lew Rockwell / Gary North

MI: Sellers need nifty moves to get their homes sold Detroit News / Nathan Hurst

Treasuries Fall as Oil Rises, Fed Officials Cite Inflation Risk Bloomberg / Daniel Kruger

Only 10% Say U.S. Economy Getting Better Gallup Daily

Economic Collapse in September? Clif Droke Market Analysis via Safehaven / Clif Droke

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

Food stamps come once a month, but food doesn't last that long AP via Allentown Morning Call / Don Babwin

Democrat Obama Intensifies Criticism of Republican Rival McCain Bloomberg / Heidi Przybyla and Kristin Jensen

Emerging Economies and Global Capital Flows Federal Reserve Bank of Atlanta / Dennis P. Lockhart

Fed's Lockhart Says Inflation Is `Elevated' Amid Slowing Growth Bloomberg / Steve Matthews

Fed's Lockhart says world will feel U.S. slowdown Reuters

Layoffs loom Large for 1,400+ at Lehman NY Post / Mark DeCambre

U.S. Stocks Rise to Highest Since January; Intel, Peabody Gain Bloomberg / Elizabeth Stanton

Uptick in building downplayed AP via South Florida Sun Sentinel / Martin Crutsinger

Bush Says Saudi Oil Boost `Not Enough' to Ease Prices Bloomberg / Hans Nichols and Janine Zacharia

Dollar Falls Most Against Euro in Seven Weeks on Sentiment, Oil Bloomberg / Ye Xie and Bo Nielsen

FL: Jobless figures confirm Florida slump Miami Herald / Scott Andron

Keep on truckin'? Long haulers yield to diesel prices LA Times / Ken Bensinger

Stocks seek to push higher, along with oil surge Marketwatch / Nick Godt

Paulson Upbeat on Economy and Markets, but Not Housing Washington Post / Lori Montgomery

Paulson Says Economy Is Starting to Rebound NY Times / Mike Nizza


Gold bugs' grit pays off, again Marketwatch / Peter Brimelow

Forecasters see weak economy, higher unemployment AP via Houston Chronicle / Jeannine Aversa

Microsoft: New talks for alternative Yahoo deal AP via Detroit Free Press / Jessica Mintz

Little Positive Left in Consumer Ratings Gallup Daily

Inflation in check? Data can deceive AP via Miami Herald / Martin Crutsinger

Inflation fears on the rise Reuters / Jeremy Gaunt

Continued weakness in housing seen in data Marketwatch / Rex Nutting

Existing Home Sales Probably Decreased: U.S. Economy Preview Bloomberg / Shobhana Chandra

NC: Buyers and sellers both refuse to give ground as power in the housing market shifts Charlotte News and Observer / Dudley Price

PA: With housing down, rentals are up Philadelphia Inquirer / Al Heavens
IL: 'Shopping recession' hit Chicago, area retail in '07 Chicago Tribune / Sandra M. Jones

Saudi Increase Will Not Lower Oil Price, Iraq Says Bloomberg / Matthew Brown and Ayesha Daya

The student loan market is showing signs of trouble, from rising default rates to lenders pulling back -- or out Wall Street Journal via Miami Herald / George Anders

Food Crisis May Divide Middle East's Oil Haves, Have-Nots Bloomberg / Glen Carey and Ayesha Daya

China quake toll about 30,000; new aftershock is felt Marketwatch

UK: Epidemic of debt spreads to Britain's middle class Guardian – Observer / Jill Insley

What a Deal: Trash for Treasuries NY Times / Gretchen Morgenson

How to Stop Inflation From Devouring a Portfolio NY Times / J. Alex Tarquinio

Funds Reopen: Should You Buy In? Wall Street Journal / Shefali Anand

Why the Stock Market Is Going Up Wall Street Journal / Gregory Zuckerman

An Alarm Is Blaring: Time to Buy Marketwatch via NY Times / Mark Hulbert

He Gets His Old Room but Not for Free, Not Forever Washington Post / Michelle Singletary

High prices spawn search for energy alternatives Pittsburgh Tribune Review / Jack Markowitz

Getting Easier to Get Big Loans Washington Post / Elizabeth Razzi

PA: When houses are hot, they're hot Pittsburgh Post Gazette / Gretchen McKay

Risk-based rates leveling the field Washington Post via Chicago Tribune / Kenneth Harney

The Scars of Losing a Home NY Times / Robert J. Shiller

The Next President -- and Your Investments Wall Street Journal / Dave Kansas

Congress and the Alternative Minimum Tax Wall Street Journal / Tom Herman

$4 a gallon not the end of rising gas prices Chicago Tribune / Joshua Boak and Greg Burns

Home sellers turn to new ally, tax grievance assessors Newsday / Ellen Yan



SIFMA Applauds Supreme Court Decision to Uphold State-Tax Exemptions for Municipal Bonds SIFMA

Bonds and Interest Rates Speculative Investor via Safehaven / Steve Saville

Playing The VIX Forbes / David Penn

Financial markets not frozen, but they still feel chilly Marketwatch / Dr. Irwin Kellner

FDIC: The Fed's Deadly Inflation Corp.? Bullion Vault via Safehaven / Adrian Ash

Fed should not be super-regulator -U.S. senator Reuters

Pain at the other pump: Shoe prices rise Wall Street Journal via Baltimore Sun / Rachel Dodes

Blue chips stay buoyant CNN / Alexandra Twin

Megabubble waiting for new president in 2009 Marketwatch / Paul B. Farrell

Dodd, Shelby Reach Agreement on Anti-Foreclosure Bill Bloomberg / Alison Vekshin

Buffett says he prefers a Democrat for president AP via Chicago Tribune

So. California home sales jump 22% AP via CNN

Growth in tourism will increasingly be driven by emerging economies The Economist

Profiting from the Fed's Disastrous Mistake Fractal Gold Report via Safehaven / David Nichols

Treasurys reverse on muted economic data Marketwatch / Laura Mandaro

Muni Bond Tax Exemptions Upheld by U.S. Supreme Court Bloomberg / Greg Stohr

Health benefit more costly in U.S. Allentown Morning Call

Economic Data Lift Stocks / Mark Glassman

U.S. Stocks Rise, S&P 500 at 4-Month High; Union Pacific Climbs Bloomberg / Michael Patterson

Economic Data Lift Stocks CNN

Gold futures climb to their highest level in a month Marketwatch / Myra P. Saefong

U.S. dollar retakes lost ground vs. major rivals Marketwatch / William L. Watts and Lisa Twaronite

Merc, CBOT trading floor integration complete AP via Chicago Tribune

EU: Is Fiscal Policy Supporting Reforms? Morgan Stanley / Laura Mandaro

Leading Economic Indicators Index in U.S. Rose 0.1% in April Bloomberg / Bob Willis

UBS $100 Billion Wager Prompted $24 Billion Loss in Nine Months Bloomberg / Stephanie Baker-Said and Elena Logutenkova

Credit crunch fallout not over yet: Buffett Reuters

Need a new mortgage? Call Uncle Sam CNN / Les Christie

Monday’s Analysis / Marty Chenard

Lowe's posts lower net, cuts year forecast Reuters

Fuel costs may thrust airlines into bankruptcy Chicago Tribune / Julie Johnson

Oil prices ease below $126 a barrel AP via CNN

Inflation, Low Yields Force U.S. Savers Abroad Bloomberg / John F. Wasik

Goldman, Lehman, Morgan Profit Estimates Cut at Citi Bloomberg / Eric Martin

Money still matters in America's election, but its role is changing The Economist

U.S. Recession to End by September, Business Economists Say Bloomberg / Steve Matthews

U.S. April Leading Economic Indicators Index Probably Unchanged Bloomberg / Bob Willis

TIPS Show Bonds See Bubble Burst for Commodity-Driven Inflation Bloomberg / Sandra Hernandez

NY: Weak Economy Means More N.Y. Debt Bond Buyer / Ted Phillips

Treasuries Little Changed; Traders Speculate on Fed Rate Rises Bloomberg / Aaron Pan

Asian Stocks Rise for Sixth Day, Led by Commodities Producers Bloomberg / Chua Kong Ho and Ian Sayson

UK economic hangover set to worsen after 16 years of plenty Telegraph / Roger Bootle


U.S. Fed policy-makers' recent comments Reuters

Has the Fed really flooded the world with dollars? Telegraph / Ambrose Evans-Pritchard

Soybean prices dive on Argentina strike progress St. Paul Pioneer Press

Lehman cutting about 1,300 jobs globally Reuters

Airlines pounded by record-high crude prices Marketwatch / Christopher Hinton

Freddie Mac avoids ‘death blow’ Fortune via CNN / Colin Barr

Deadbeat Homeowners Hit The Road Forbes / Maurna Desmond

It's always the economy, stupid CNN / Chris Isidore

July Fireworks: Inflation Rate Will Reflect Gas Costs NY Post / John Crudele

Want cheaper oil? Then start taking the US dollar seriously Taipei Times / A.F. Alhajji

The Economic Outlook Federal Reserve Board / Donald L. Kohn

Fed wants to take a breather, Kohn suggests Marketwatch / Greg Robb

Hedge Funds in Swaps Face Peril With Rising Junk Bond Defaults Bloomberg / David Evans

Inflation Concerns Trigger Selloff / Mark Glassman

Pickens Says He Bought 10 Million Yahoo Shares, Following Icahn Bloomberg / Nancy Kercheval

German April Producer-Price Inflation Accelerates Bloomberg / Simone Meier

Where are the world's best restaurants? The Economist

Review and Preview Morgan Stanley / Ted Wieseman

Treasuries Rise as Drop in Stock Futures Raises Bond Demand Bloomberg / Sandra Hernandez

High Court Allows State Tax Breaks For Bonds Washington Post / Robert Barnes

Pushback Morgan Stanley / Richard Berner

Mary Had a Little Lamb and a Jumbo Mortgage Bloomberg / Caroline Baum

Oil Rises to a Record After Pickens Says Prices May Reach $150 Bloomberg / Mark Shenk

Gold futures gain as dollar falls vs. rivals Marketwatch / Polya Lesova

Dollar Declines as IMF Says Risks to Financial System Remain Bloomberg / Bo Nielsen and Gavin Finch

Bank of Japan holds line on rates: benchmark 0.5% Marketwatch / Chris Oliver

AAA Express Leaves Municipal-Bond Investors in Dark Bloomberg / Joe Mysak

April producer prices edge up 0.2 percent Reuters

Tuesday’s Analysis / Marty Chenard

U.S. Stock-Index Futures Extend Decline on Producer Prices Bloomberg / Eric Martin

Home Depot earnings hammered CNN / Catherine Clifford

Home Depot posts lower quarterly profit Reuters

What Microsoft Really Needs From Yahoo! Forbes / Brian Caulfield

Target quarterly profit falls Reuters

Stock Volatility in U.S. Falls to 10-Month Low, May Not Last Bloomberg / Jeff Kearns

Economic Tide Is Rising for Repo Man NY Times / David Streitfeld

Oil Trades Above $127 on Skepticism Saudi Move Will Cut Prices Bloomberg / Mark Shenk

Poor Odds, but Bet on Icahn NY Times / Andrew Ross Sorkin

Euro Little Changed Before German Business Confidence Reports Bloomberg / Kosuke Goto and Stanley White

Australian Dollar Rises to 24-Year High on RBA Meeting Minutes Bloomberg / Ron Harui


Commodities bubble brews? USA Today / John Waggoner

First Quarter Capital Market Issuance Reaches $1.43 Trillion, Tops Fourth Quarter Volume but Short of a Year Ago SIFMA

Springtime for Investment-Grade Debt / Stephen Taub

Moody's Falls Most Since 1999 on Ratings Error Probe Bloomberg / John Glover and Abigail Moses

Consumers can't save the economy CNN / Tami Luhby

Dealers see Fed on hold for several months Reuters / Ros Krasny

Fed Cuts GDP View, Ups Inflation Target; Rate Moves Unlikely Investors Business Daily / Scott Stoddard

Most Fed Officials Saw April Rate Cut as `Close Call' Bloomberg / Craig Torres

Loonie jumps higher Globe and Mail / John Partridge and Tavia Grant

Dow Falls 3.3% in Two Days / Mark Glassman

UT: Drilling fever grips Beehive State Salt Lake Tribune / Stevem Oberbeck

CA: Home loan failures rise for 37th straight month, extending record San Diego Union Tribune / Emmet Pierce

Canada: As economy weakens, necessity reigns Globe and Mail / Barrie McKenna

Oil Rises Above $133 on U.S. Supply Drop, Bank Price Forecasts Bloomberg / Mark Shenk

In search of sustained and rapid economic growth The Economist

The Federal Funds Rate in Extraordinary Times Federal Reserve Board / Kevin Warsh

Minutes of Federal Open Market Committee Federal Reserve Board

Fed sees economy getting worse CNN / Chris Isidore

Fed lowers growth forecast, raises inflation view Reuters / Mark Felsenthal and Glenn Somerville

Fed Minutes No Relief With Oil On A Rampage Forbes / Steve Schaefer

U.S. Stocks Extend Drop on Fed Minutes; Financials Lead Retreat Bloomberg / Eric Martin

Is Hillary Clinton still campaigning to be the presidential nominee, or for something else? The Economist

Oil Rises Above $132 on U.S. Supply Drop, Bank Price Forecasts Bloomberg / Mark Shenk

Oil hits record above $132 on weak supply CNN / Catherine Clifford

Are commodity traders bidding up food, fuel prices? LA Times / Elizabeth Douglass, Nicole Gaouette and Richard Simon

Gold edges up on dollar weakness, soaring oil Marketwatch Myra P. Saefong and Polya Lesova,

Wealthy consumers cut back on spending, sort of LA Times / Leslie Earnest

Fed's balancing act gets more difficult as inflation looms Australian / Stephen Ellis

Federal Reserve Events Reuters

Greenspan Helped Pimco Make Billions, Gross Says Bloomberg / Sree Vidya Bhaktavatsalam

El-Erian Says Crisis Would Be `Messier' Without Wealth Funds Bloomberg / Sree Vidya Bhaktavatsalam

Wednesday’s Analysis / Marty Chenard

U.S. Stocks Fall, Led by Financials, on Credit-Rating Concern Bloomberg / Eric Martin

Microsoft not bidding to buy Yahoo: CEO Ballmer Reuters / Ari Rabinovitch

Mortgage Applications Decrease In Latest MBA Weekly Survey Mortgage Bankers Association

US mortgage applications near slowest of 2008-MBA Reuters

The Next Credit Crisis Forbes / Liz Moyer

Tice Proves Every Bear Has a 9.5% Return as He Invokes `D' Word Bloomberg / Edward Robinson

Hedge fund triggered Wachovia losses Charlotte Observer / Rick Rothacker

Euro Strengthens as Ifo Says German Business Confidence Rose Bloomberg / Bo Nielsen and Gavin Finch

H.P. Offers More Detail on Increase in Revenue NY Times / Matt Richtel

Drop in Bank Stocks Leaves Technology Biggest S&P 500 Industry Bloomberg / Elizabeth Stanton

Corporate insiders on balance are betting on a rising market Marketwatch / Mark Hulbert

Asian Stocks Fall, Extending Global Slump; Banks, BHP Decline Bloomberg / Chua Kong Ho and Masaki Kondo

The Risks of Rescuing Borrowers NY Times / Charles Duhigg and David M. Herszenhorn

Oil for 2016 Surges More Than 14% to Near $140 Over Three Days Bloomberg / Margot Habiby

The Cassandra of Oil Prices NY Times / Louise Story

Yen Gains as Stock Decline Spurs Investors to Cut Carry Trades Bloomberg / Stanley White

UK: Rock billions 'at risk in a downturn' Telegraph / Philip Aldrick and Peter Hutchison

Australia's Consumer Confidence Rises After Tax Cuts Bloomberg / Victoria Batchelor

German Business Optimism Probably Fell for Second Month in May Bloomberg / Christian Vits

Central Banks Are in Line of Fire as Prices Rise Bloomberg / William Pesek



What 8-letter-word keeps Fed on hold through year-end? Marketwatch / Greg Robb

Let's end speculation in commodities humans rely on Marketwatch / Thomas Kostigen

Food imports 'to top $1 trillion' BBC News

Oil's perfect storm may blow over Telegraph / Ambrose Evans Pritchard

Skyrocketing Oil Prices Stump Experts Washington Post / Steven Mufson

Gap 1st-quarter net profit up 40 pct; shares rise Reuters / Alexandria Sage

Ford abandons '09 profit goal, recovery sputters Reuters / Kevin Krolicki and David Bailey

A Google-Yahoo deal could be a win-win Mercury News / Frank Davies

Analysts doubt that airlines can afford consolidation Marketwatch / Christopher Hinton

Stocks advance after 2-day plunge; oil declines AP via Allentown Morning Call / Tim Paradis

Level 3 shares jump 11 percent; Dow changes course, finishes higher Denver Business Journal

MBA's Brinkmann Testifies on the Impact of the Conforming Loan Limit  Mortgage Bankers Association

Utah No. 2 in home price increases Salt Lake Tribune / Lesley Mitchell

U.S. mortgage rates rose on Thursday – BestInfo Reuters

Moody's Commercial Paper Rating May Be Cut, S&P Says Bloomberg / Alan Goldstein and Mark Pittman

Bank of Canada to consider commodity price surge Reuters / Lucia Mutikani

Senate Adds $47 Billion in U.S. Projects to War Funds Bloomberg / Nicholas Johnston

Corporate Defaults Reach 28, Exceeding Total for All of 2007 Bloomberg / Bryan Keogh

Moody's Plunges for Second Day After Cover-Up Probe Bloomberg / Erik Holm and Mark Pittman

Why Wall Street rallied in the face of rising oil CNN / Alexandra Twin

U.S. Stock Futures Gain on Drop in Jobless Claims, Energy Rally Bloomberg / Eric Martin

Oil Declines More Than $2 a Barrel on Signs Rally Unjustified Bloomberg / Mark Shenk

Household Debt Repayment Behaviour: What Role Do Institutions Play? Federal Reserve Bank of Boston / Burcu Duygan-Bump and Charles Grant

Fed Appears Unlikely to Keep Cutting Rates Washington Post / Neil Irwin

Hmmmmm? Pimco / Bill Gross

Pimco's Gross Says U.S. Underestimating Inflation Bloomberg / Lester Pimentel

Treasuries Fall as Record Oil Indicates Inflation May Quicken Bloomberg / Daniel Kruger and Lukanyo Mnyanda

Including Jumbos in TBA-Eligible Pools would Result in Higher Costs for Traditional Borrowers SIFMA

JPMorgan Swap Deals Spur Probe as Default Stalks Alabama County Bloomberg / William Selway and Martin Z. Braun

First Quarter U.S. Home Prices Fall 3.1%, Ofheo Says Bloomberg / Bob Ivry and Kathleen M. Howley

Will high gas prices bring boom in telecommuting? Detroit Free Press / Mike Wendland

Indexes Move Into Positive Territory In Firm Volume Investors Business Daily / Alan R. Elliott

Stocks Start Higher; Oil Calms, Ford Makes Production Shift Forbes / Steve Schaefer

Oil pulls back after topping record $135 Reuters via Washington Post / Ikuko Kao

Dodgy trade The Economist

Interest in backyard produce spreading Charlotte Observer / Ellen Simon

Prospects for Recovery and Repair of Mortgage Markets Federal Reserve Board / Randall S. Kroszner

Fed's mixed blessing Fortune via CNN / Colin Barr

Funds Rate Set to Battle Crisis, Not Inflation Bloomberg / Caroline Baum

Fed's Kroszner-mortgage market recovery to be slow Reuters

Federal Reserve Events Reuters

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

Economy still facing recession, rebound seen tepid Reuters / Burton Frierson

Oil Rises Above $135 on Concern OPEC Is Powerless to Halt Rally Bloomberg / Alexander Kwiatkowski

Blame Wall Street for $135 Oil on Wrong-Way Betting Bloomberg / Alexander Kwiatkowski and Grant Smith

Barack Obama's Economic Policy Platform Forbes / Oxford Analytica

Small Businesses (and Their Customers) Feel Sting of Inflation NY Times / Mickey Meece

Claims of wrongdoing hit Moody's BBC News

Treasuries Little Changed as Stocks Fall Before Housing Report Bloomberg / Wes Goodman

Derivatives Market Expands to $596 Trillion on Crisis Hedging Bloomberg / Abigail Moses

Oil Rises Above $135 After Unexpected Drop in U.S. Inventories Bloomberg / Christian Schmollinger

Oil's perfect storm set to blow over Telegraph / Ambrose Evans Pritchard

Senators Sharply Question Oil Officials NY Times / David M. Herszenhorn

House Approves a $54 Billion Tax Package AP via NY Times

Obama starts to attract Clinton voters Christian Science Monitor / Ariel Sabar

Wall Street sees what investors don't Marketwatch / David Weidner

Asian Stocks Fall for Third Day on Record Oil; Nintendo Drops Bloomberg / Chua Kong Ho and Kyung Bok Cho

Dollar Falls for Third Day Against Yen as Oil Prices Surge Bloomberg / Kosuke Goto and Yumi Teso

Rising price of rice keeps U.N. scrambling to feed world's hungry Christian Science Monitor / Danna Harman

'UK feels more stable' than US, says Experian Telegraph / Philip Aldrick

Australian Dollar to Equal U.S. Currency This Year, Says RBC Bloomberg / Jake Lee

Japan's Export Growth Quickens to 4% on Asian Demand Bloomberg / Jason Clenfield


Fuel-Tax Cheating Multiplies in U.S. as Bootlegging Pays Off Bloomberg / Ryan J. Donmoyer

Double, oil and trouble The Economist

CA: Foreclosure zones turn into capital-area hot spots for home sales Sacramento Bee / Jim Wasserman

Housing relief: Help, but for how many? CNN / Jeanne Sahadi

It's Not an Oil Crisis It's a Dollar Crisis Euro Pacific via Safehaven / Peter Schiff

Merrill Suspends Trader, Finds Overvalued Derivatives Bloomberg / Jacqueline Simmons and David Scheer

Stocks tank on day, week CNN / Alexandra Twin

Anheuser-Busch Surges on Report InBev May Make Bid Bloomberg / Cotten Timberlake and Duane Stanford

Appetite for emerging-markets bonds returns Marketwatch / Laura Mandaro

Treasuries Rise First Time in Three Days as Home Resales Drop Bloomberg / Daniel Kruger and Agnes Lovasz

Fed Cuffs Four More In Street Kickback Caper NY Post / Kaja Whitehouse

Consumer goods maker, like others, squeezed on the commodity front Marketwatch / Matt Andrejczak & Michelle Donley

Is $130 oil a bubble? CNN / Steve Hargreaves

Gas roars higher, pressuring holiday travelers AP via Washington Post / John Wilen

Wall Street is down after home sales report AP via Washington Post / Tim Paradis

When economy revives, how will we know? AP via Journal News / Jeannine Aversa

The Economics of a Free Society Ludwig von Mises Institute / Ron Paul

As I See It, 32 Commercial Banks and Thrifts May See the Feces Hit the Fan Blades BoomBustBlog via Safehaven / Reggie Middleton

AAA: Memorial Day traveling to drop Washington Business Journal

Bonds gain from stock market weakness Reuters

Junk Piled High / Stephen Taub

Pimco's Bill Gross triples bet on mortgages: FT Reuters

Muni Yields Fall to 3-Month Low as `Sanity' Returns Bloomberg / William Selway

Citigroup Says Swaps Mania in Muniland Is Finished Bloomberg / Joe Mysak

U.S. Stock-Index Futures Retreat; Halliburton, Ford Decline Bloomberg / Daniela Silberstein and Eric Martin

Detroit automakers at the brink as oil surges Reuters / David Bailey and Kevin Krolicki

U.K. Economy Grows the Least Since 2005 on Investment Bloomberg / Svenja O'Donnell

European Services, Manufacturing Growth Slowed in May Bloomberg / Haralabos Papachristou

Yahoo, besieged by Icahn, again postpones shareholder meeting AP via LA Times / Michael Liedtke

Oil Set for Third Weekly Gain as Demand Growth Outstrips Supply Bloomberg / Christian Schmollinger

Opec will regret pushing oil through the pain barrier Telegraph / Richard Fletcher

Oil supplies: Running on empty? Independent / Stephen Foley

UBS seeks to raise £8bn to repair balance sheet London Times / Miles Costello

Revisiting an Old Law on Excessive Fund Fees NY Times / Floyd Norris

Spending On Iraq Poorly Tracked Washington Post / Dana Hedgpeth

Susie Gharib is TV's real 'Money Honey' Marketwatch / Jon Friedman

UK: No quick fix for escalating food prices, Alistair Darling told London Times / Steve Hawkes

BOJ Is Watching Inflation Expectations, Minutes Show Bloomberg / Mayumi Otsuma

Singapore's GDP Grows Less Than Estimated; CPI Jumps Bloomberg / Shamim Adam and Jean Chua


Some wonder if speculators are fueling oil run-up Houston chronicle / David Ivanovich

Credit crunch spurs new ‘muddle-through economy' Globe and Mail / Brian Milner

CA: Home sales move up as prices slip down San Francisco Chronicle / Carolyn Said

U.S. stock market looks for relief from inflation Marketwatch / Kate Gibson

Qwest misses a connection Denver Post / Al Lewis

For travel, no place like home Salt Lake Tribune

Buffett sees "long, deep" U.S. recession Reuters

Awaiting GDP Estimate, New-Home Sales Washington Post

Mortgages Without U.S. Backing Start to Rise NY Times / Floyd Norris

Treasury Two-Year Notes Yield Near 4-Month High as Fed Pauses Bloomberg / Daniel Kruger

Vallejo, Calif. files for bankruptcy protection AP via Charlotte Observer / Terence Chea

Anheuser-Busch's Changes Lowered Defenses Against Bid Bloomberg / Mark Clothier

U.S. Stocks Fall the Most in Four Months, Led by Financials Bloomberg / Lynn Thomasson

Cable Prices Keep Rising; Customers Keep Paying NY Times / Matt Richtel

Clinton's Loyalists Say They're Also in the Race `to the End' Bloomberg / Indira A.R. Lakshmanan



Inflation Accelerates While the Reserve Plays Guessing Games Brookes News via Safehaven / Gerard Jackson

Peeved at Prices? Don't Blame the Dealer Washington Post / Steven Mufson

Buffett sees U.S. in recession AP via CNN

Americans switching focus to value AP via San Antonio Express News / Vicki Smith

Investors will return from holiday with same fears AP via South Florida Sun Sentinel / Madlen Read

Toughest Summer Job Is Finding One NY Times / Peter S. Goodman

Spending Probably Slowed, Confidence Sank: U.S. Economy Preview Bloomberg / Courtney Schlisserman

When the ‘I’ Word Replaces the ‘R’ Word US News and World Report / Paul J. Lim

Go ahead, get depressed -- it's better for the market that way Pittsburgh Tribune Review / Gregory M. Drahuschak

No more Fedspeak on further interest rate cuts AP via LA Times / Jeanine Aversa

Finding Potential for Debt in Distress NY Times / Norm Alster

State Muni Tax Laws Remain Intact Wall Street Journal / Tom Herman

Muni bonds may surpass Treasurys Bloomberg via Seattle Times

$130 a barrel and rising: it's a Seventies-style shock but this time we won't be held to ransom Independent / Hamish McRae

Running Out of Fuel, but Not Out of Ideas NY Times / Ben Stein

Wall Street Exodus: Fear, Panic and Anger NY Times / Sarah Kershaw

Fannie, Freddie stop declining policy Washington Post via Boston Herald / Kenneth R. Harney

Clinton Says She Stays in Race Because She's the Best Candidate Bloomberg / Dan Hart

Don't just junk your unused electronics, some retailers will pay for them South Florida Sun Sentinel via Orlando Sentinel / Daniel Vasquez


Why inflation psychology has become unmoored Marketwatch / Dr. Irwin Kellner

Greenspan says recession still likely in U.S.: FT Reuters

Seeking signs of recovery AP via Cincinnati Enquirer / Jeannine Aversa

Car expenses spike across the board AP via Washington Times / Dan Caterinicchia

Google: YouTube Lawsuit Could Stifle Web Freedom AP via NY Sun / Larry Neumeister

Soros' 'New Paradigm,' the next 'Superbubble' Marketwatch / Paul B. Farrell

The Coming Collapse of Oil Prices Lew Rockwell / Dom Armentano

Tired of pricey gas, police pump up bike patrols AP via Washington Post / Dan Nephin

McCain, Obama Hold Dueling Events in New Mexico Bloomberg / Hans Nichols and Nicholas Johnston

Tuesday’s Analysis / Marty Chenard

Small business crunched by fuel prices Reuters

Debt-squeezed Gen X saves little for the future USA Today via Tennessean / Lynn O’Shaughnessy

Bad economy is good for some businesses Miami Herald / Patty Shillington

Remember when life was affordable? Miami Herald / Gregg Fields

Fed's Geithner Says World Economy Is Coping With U.S. Slowdown Bloomberg / David Rosenberg and Scott Lanman

Geithner says Fed to combat inflation "effectively" Reuters

SEC has begun looking into Moody's: SEC chairman Reuters

UBS Falls After Saying More Mortgage Losses Possible Bloomberg / Elena Logutenkova

Toronto-Dominion Avoids Subprime as Banks' Costs Rise Bloomberg / Sean B. Pasternak

George Soros: rocketing oil price is a bubble Telegraph / Edmund Conway

Oil rises above $133 on supply concerns, weak dollar AP via Houston Chronicle

Dollar Trades Near One-Month Low; Housing Slump Cuts Confidence Bloomberg / Emma O'Brien and Kosuke Goto

Canadian Dollar Trades Close to 2-Month High on Oil Strength Bloomberg / Haris Anwar


A Debt End For Banks NY Post / Mark DeCambre

Twice As Many Rich Escape U.S. Tax Forbes / Janet Novack

Energy stocks lead retreat in Tokyo, Sydney Marketwatch / V. Phani Kumar

BondWorks Institutional Advisors via Safehaven / Levente Mady

Company Bond Risk Rises on Concern Consumer Spending May Slow Bloomberg / Shannon D. Harrington

The Fed's Medicine Is Toxic Honest Money via Safehaven / Richard Benson

On the Effectiveness of the Federal Reserve's New Liquidity Facilities pdf Federal Reserve Bank of Dallas / Tao Wu

Bernanke Met With BlackRock's Fink, Wal-Mart's Scott in April Bloomberg / Scott Lanman

Troubled loans spiking at US thrifts AP via Palm Beach Post / Alan Zibel

If there were a scandal in the American presidential race, what would it be? We pass on the latest odds The Economist

The Government's Statistical Whopper of the Year Ludwig von Mises Institute / Robert P. Murphy

Realtors to open listings to settle lawsuit Reuters / Diane Bartz

Credit, Housing, Commodities, and the Economy Federal Reserve Bank of San Francisco / Janet L. Yellen

Chicago Fed Midwest Manufacturing Index Federal Reserve Bank of Chicago

New Home, Needs Nice Family ... Now Forbes / Maurna Desmond

Bonds slip on inflation fears, Fed rate view Reuters / John Parry

U.S. Stocks Advance as Oil Retreats; Darden, Novellus Rally Bloomberg / Eric Martin

U.S. stocks close with gains after oil slides Marketwatch / Kate Gibson

Economic Realities Continue to Favor Inflation Ciovacco Capital Management / Chris Ciovacco

Gold futures drop as much as $21 an ounce Marketwatch / Myra P. Saefong

Treasuries Fall Ahead of Note Sales, as Inflation Outlook Rises Bloomberg / Daniel Kruger and Lukanyo Mnyanda

Treasurys fall ahead of government auctions Marketwatch / Deborah Levine

Indexes Turn Mixed On Light Volume Investors Business Daily / Alan R. Elliott

U.S. stocks lifted by crude's slide despite bleak data Marketwatch / Kate Gibson

Home sales rise - still near 17-year low CNN / David Goldman

Consumer confidence: Worst since '92 CNN / Catherine Clifford

Consumer confidence hits 16-year low in May Reuters / Pedro Nicolaci da Costa

Greenspan's Incessant Contradictions FallStreet via Safehaven / Brady Willett

Welcome to the 'recession' CNN / Paul R. La Monica

Modern-Day Wildcatters / Brad Reagan

Oil drops below $130 on concerns about demand AP via Seattle Post Intelligencer / John Wilen

Cooking fat is liquid gold for recyclers AP via Miami Herald / Garance Burke

Review and Preview Morgan Stanley / Ted Wieseman

`Underwriter's Lament' Blames Issuers for Hard Times Bloomberg / Joe Mysak

Home prices fell at record pace in first quarter: S&P Reuters

S&P/Case-Shiller U.S. Home-Price Index Fell 14.4% in March Bloomberg / Bob Willis

Foreclosures in Military Towns Surge at Four Times U.S. Rate Bloomberg / Kathleen M. Howley

Crowded Fields Forbes / Jerry Flint

Stocks set for post-holiday slump CNN

Lehman, Goldman, Morgan Estimates Lowered by Analysts Bloomberg / Niklas Magnusson and Josh Fineman

Wall Street Dismissals, Not as Bad as '01, Signal Worst to Come Bloomberg / Christine Harper

German consumer confidence misses estimate in June AP via Houston Chronicle / David Rising

Libor Cracks Widen as Bankers Struggle With Reforms Bloomberg / Gavin Finch and Ben Livesey

MSRB Proposes New System for VRDOs Bond Buyer / Andrew Ackerman

Treasuries Fall as Asian Stocks Rise, U.S. Prepares Note Sales Bloomberg / Wes Goodman

Fed Keeps Watch on Wall St. -- From the Inside Washington Post / Neil Irwin

Foreclosure’s Residue NY Times / Vikas Bajaj

Fuel prices' toll on U.S. economy Christian Science Monitor / Ron Scherer

Rising Prices Hit Home For Food Stamp Recipients Washington Post / Chris L. Jenkins

Asking Opec to solve the oil crisis misses the burning point Telegraph / Alan Duncan

Corn Costs Signal Biggest Beef Surge Since 2003 as Herds Shrink Bloomberg / Jeff Wilson

A king of the Citi disowns his Prince Marketwatch / David Weidner

Conflicting sentiment signals Marketwatch / Mark Hulbert

Auto Industry Feels the Pain of Tight Credit NY Times / Eric Dash

Asian Stocks Rise for First Time in Six Days; Samsung Advances Bloomberg / Hanny Wan and Patrick Rial

Both Obama, McCain start seeking No. 2 Christian Science Monitor / Ariel Sabar



Fed's Fisher sees rate shift even if growth weakens Marketwatch / Laura Mandaro

Storms on the Horizon Federal Reserve Bank of Dallas / Richard W. Fisher

Muni Weekly Auction-Rate Debt Index Falls to Lowest Since 2006 Bloomberg / Jeremy R. Cooke

CO: Parents purchase new nests for kids Denver Post / Margaret Jackson

Mortgage Applications Drop as Refinance Activity Decreases In Latest MBA Weekly Survey Mortgage Bankers Association

The world's death-row prisoners The Economist

$8-a-gallon gas Marketwatch / Chris Pummer

Inflation-wary Fed looks ahead to rate hikes Reuters / Ros Krasny

Yahoo says Microsoft no longer keen to merge Reuters / Eric Auchard

Clinton Lobbies Superdelegates Before Party Meeting Bloomberg / Lorraine Woellert and Christopher Stern

Mishkin to Leave Fed in August, Return to Columbia Bloomberg / Scott Lanman

Governor Mishkin resigns from Board of Governors of the Federal Reserve System, effective August 31, 2008 Federal Reserve Board

Fed governor Mishkin to resign effective August 31 Reuters

Stocks rise after durable goods data AP via LA Times

Recession? Maybe. Depression? Get real CNN / Paul R. La Monica

U.S. stock indexes falter as financials weigh Marketwatch / Kate Gibson

Nasdaq Pulls Back, Indexes Mixed On Solid Volume Investors Business Daily / Alan R. Elliott

Treasuries Fall as Durables Excluding Transportation Increased Bloomberg / Daniel Kruger

Gold-timing newsletters are too bullish, say contrarians Marketwatch / Mark Hulbert

Ford to slash up to 12% of salaried jobs Detroit News / Bryce G. Hoffman

Borders splits from Amazon, restarts own net sales AP via Lansing State Journal / David Runk

TD profit dips to $852-million Globe and Mail / Tara Perkins

NV: Pssssssst! Cut-rate rooms in classy Vegas Las Vegas Sun / Liz Benston

Fed's Tug-of-War of Pessimists, Optimists Bloomberg / John Berry

April durable goods orders slip 0.5 percent Reuters / Mark Felsenthal

US chain store sales rise 1.7 pct last wk-Redbook Reuters

Making a good living, but still feeling strapped CNN / Tami Luhby

Mortgage applications fall as rates rise AP via CNN

S&P, Moody's Must Differentiate Asset-Backed Grades, IOSCO Says Bloomberg / John Glover and Neil Unmack

Oil drops below $127 a barrel AP via CNN

Why, In China, Gas Is $2.49 A Gallon Forbes / Donald H. Straszheim

Stocks set for uneasy start CNN

Why Americans are buying into the idea of a recession Daily Standard / Irwin M. Stelzer

With Bold Steps, Fed Chief Quiets Some Criticism NY Times / Steven R. Weisman

Choosing Bankruptcy to Stay Afloat Washington Post / Nancy Trejos

Profile of a (maybe) recession Christian Science Monitor / Mark Trumbull

In Housing, the Strong Turn Weak NY Times / Vikas Bajaj

MA: Foreclosures rival sales Boston Herald / Scott Van Voorhis

As Home Prices Drop Low Enough, a Committed Renter Decides to Buy NY Times / David Leonhardt

Treasuries Little Changed Before Durable Goods Report, Auction Bloomberg / Wes Goodman

Has Russian oil output peaked? Christian Science Monitor / Fred Weir

Oil Is Near One-Week Low as Record Fuel Prices to Cut Demand Bloomberg / Christian Schmollinger

Oil prices steady below $128 a barrel AP via Washington Post / Thomas Hogue

Rice Futures Drop to Two-Month Low on Increased Global Supplies Bloomberg / Jae Hur

Australian Dollar Falls as Gold Slumps; N.Z. Dollar Declines Bloomberg / Ron Harui and Tracy Withers


Gold timers showing no sign of concern, and that's a bad sign Marketwatch / Mark Hulbert

Money Markets and Financial Stability Federal Reserve Board / Donald L. Kohn

Liquidity Provision by the Federal Reserve Federal Reserve Board / Ben S. Bernanke

Credit Card Debt and Payment Use Federal Reserve Bank of Boston / Charles Sprenger

Odds of an Oct. rate hike jump after Fisher, GDP Marketwatch / Laura Mandaro

America's house prices are falling even faster than during the Great Depression The Economist

America's suburbs are coming to resemble its city centres. That is both good news and bad The Economist

U.S. exporters face new hurdle at home: full ships Reuters / James B. Kelleher

Never pay retail again CNN / Jessica Dickler

Oil prices take a slide CNN / Catherine Clifford

MD: Condo market on the edge Baltimore Sun / Lorraine Mirabella

Federal Reserve will offer $75 billion in 28-day credit through its Term Auction Facility on June 2, 16, and 30, 2008 Federal Reserve Board

Statement on Financing Arrangement Related to JPMorgan Chase's Acquisition of Bear Stearns Federal Bank of New York

Treasury's Ryan Considered for Fed Board Vacancy, Officials Say Bloomberg / Scott Lanman

Fed Should Increase Rates If Inflation Accelerates, Fisher Says Bloomberg / Vivien Lou Chen

Fed to make fresh batch of bank loans AP via San Francisco Chronicle / Jeannine Aversa

Stocks turn higher CNN

GM Will Cut 10,000 More Jobs, Speed Shift to Cars, People Say Bloomberg / Jeff Green and Alan Ohnsman

Bonds' 4% solution CNN / Paul R. La Monica

Asset-Backed Commercial Paper Market Rises Most in Four Months Bloomberg / Bryan Keogh

Libor Banks Misstated Rates, Bond at Barclays Says Bloomberg / Gavin Finch and Elliott Gotkine

Treasury 10-Year Yield Rises to Highest Since December on GDP Bloomberg / Sandra Hernandez and Daniel Kruger

Mortgage rates jump to 11-week high AP via MSNBC

Oil rebounds on shock U.S. crude inventory drop Reuters / Ikuko Kao

The rush is on for oil, gas rights AP via Allentown Morning Call / Tim Huber

Housing bill will likely pass; impact uncertain Lansing State Journal / Bill Theobald and Doug Abrahms

German jobless rate goes below 8% BBC News

Treasuries Fall as Economy Grows More Than Initial Estimate Bloomberg / Sandra Hernandez

Five Ways to Monkey Around With Libor's Defects Bloomberg / Mark Gilbert

The Oil Shock Debate: Recession, Inflation or Both? Morgan Stanley / Richard Berner

U.S. Economy Expands Faster Than Previously Estimated Bloomberg / Shobhana Chandra

U.S. Initial Jobless Claims Rose Last Week to 372,000 Bloomberg / Courtney Schlisserman

Costco's profit up 32 percent, above expectations Reuters / Nicole Maestri

Thursday’s Analysis / Marty Chenard

U.S. Stock Futures Fall as GDP Fails to Ease Recession Concern Bloomberg / Elizabeth Stanton

Montana Governor Is Sitting On An Oil Mine NY Post / John Crudele

Gold Falls Most in Five Weeks as Dollar Rallies; Silver Tumbles Bloomberg / Pham-Duy Nguyen

Bear Stearns wipeout signals sea change Fortune via CNN / Colin Barr

Royal Bank of Canada Profit Drops on Writedowns Bloomberg / Doug Alexander

World Food Prices Will Remain High, Report Says Washington Post / John Ward Anderson and Howard Schneider

The cost of soaring public and private debt levels Marketwatch / Peter Brimelow and Edwin S. Rubenstein

U.S. Probably Grew at Faster Pace in First Quarter on Exports Bloomberg / Shobhana Chandra

Steel, Forging a Comeback Washington Post / Michael A. Fletcher

Asian countries begin to burst the oil bubble Telegraph / Ambrose Evans-Pritchard

Treasuries Fall as Asian Stocks Rise Before Report on U.S. GDP Bloomberg / Wes Goodman

It's Wall Street, Without the Cash Washington Times / David Segal

Deals Fade, and Airlines Look to Cut NY Times / Micheline Maynard

Dollar up on US data as yen falls broadly Reuters via Guardian / Masayuki Kitano

Asian Stocks Rise After U.S. Durable Goods Orders, Oil Advance Bloomberg / Patrick Rial and Masaki Kondo

Japan's Retail Sales Rise at Slowest Pace Since July Bloomberg / Toru Fujioka


Humbled home builders now facing reality Sacramento Bee / Jim Wasserman

Think gas prices are high? Try $11 in Turkey AP via Houston Chronicle / Angela Charlton

Moody's Implied Ratings Show MBIA, Ambac Turn to Junk Bloomberg / David Evans

Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies FDIC

Stimulus payments continue, but at slower pace Marketwatch / Andrea Coombes

Exchange Rates Since the Last Global Financial Crisis: What My Crystal Ball Didn’t Tell Me in 1998 Pimco / Richard H. Clarida

No end in sight for corporate bond doldrums Marketwatch / Deborah Levine

Gold futures rebound on weaker dollar, crude rise AP via Seattle Times / Stevenson Jacobs

Oil trading probe may uncover manipulation CNN / Steve Hargreaves

Current Challenges in Housing and Home Loans: Complicating Factors and the Implications for Policymakers Federal Reserve Bank of Boston / Eric S. Rosengren

Crude Awakening: Behind the Surge in Oil Prices Federal Reserve Bank of Dallas / Stephen P. A. Brown, Raghav Virmani and Richard Alm

Housing still a threat to economy: Fed's Rosengren Reuters / Pedro Nicolaci da Costa

Rising Consumer Inflation Fears May Create `Concern' at Fed Bloomberg / Rich Miller

U.S. Stocks Advance, Led by Tech, Energy Shares; Dell Climbs Bloomberg / Eric Martin

Greenspan doesn't expect more market "bubbles" Reuters

Subprime Finds New Victim as Muni Defaults Triple Bloomberg / Joe Mysak

April personal spending up, flat after inflation Reuters

U.S. Economy: Consumer Spending Gains Slowed in April Bloomberg / Shobhana Chandra

Many consumers spend rebates on cost of living AP via Chicago Tribune / Dave Carpenter

Most U.S. Stocks Fall on Higher Oil, Weaker Spending Data Bloomberg / Eric Martin

Friday’s Analysis / Marty Chenard

U.S. Stock Options Slump a Third Day, Longest Streak in a Month Bloomberg / Jeff Kearns

Unshrinking Economy Aids Wall Street Forbes / Steve Schaefer

Federal Reserve Events Reuters

States grapple with fuel costs for school buses AP via Seattle Times / Whitney Woodward

Most Latin economies insulated from U.S. woes McClatchy via Miami Herald / Federica Narancio

Gold futures climb, but set for a weekly loss Marketwatch / Myra P. Saefong

Don't Believe Oil-Bubble Babble Forbes / Martin T. Sosnoff

Kohn Signals Wall Street May Get Permanent Access to Fed Loans Bloomberg / Scott Lanman and Anthony Massucci

California Voters Face $2.3 Billion Bond Buyer / Rich Saskal

Moody's Downgrades Detroit Debt Bond Buyer / Caitlin Devitt

Treasury Two-Year Notes Rise Before Consumer Spending Report Bloomberg / Wes Goodman

Imports fall, improving U.S. trade balance Christian Science Monitor / Mark Trumbull

Consumer Spending in U.S. Probably Slowed, Confidence Dropped Bloomberg / Shobhana Chandra

Fresh fears for US economy as corporate profits tumble again London Times / Gary Duncan

Lose Homes, Pay More Tax NY Times / Jonathan Glater

Asian Stocks Advance on Oil, Dollar; Bridgestone, Yamaha Gain Bloomberg / Patrick Rial and Masaki Kondo

Michigan and Florida: the Democrats' trickiest decision Christian Science Monitor / Linda Feldmann

Oil prices to be probed by US regulator CFTC Telegraph / James Quinn

Food prices to stay high for a decade London Times / Gary Duncan

Mounting Costs Slow the Push for Clean Coal NY Times / Matthew L. Wald

MA: Escape from gas woes Boston Herald / Jay Fitzgerald

Euro suffering from 'reserve currency curse' as investors pull out Telegraph / Ambrose Evans-Pritchard

Dollar Heads for Monthly Gain Against Yen on Oil, Fed Outlook Bloomberg / Kosuke Goto and Ron Harui

Britons' Confidence Reaches Lowest Level Since Thatcher Quit Bloomberg / Svenja O'Donnell

Japan Household Spending, Output Drop; Jobless Climbs Bloomberg / Toru Fujioka and Jason Clenfield

UK: Shoppers feel pinch as grocery bills rise - and there’s worse to come London Times / Valerie Elliott



I love you. I'm broke. Washington Post / Ylan Q. Mui

Job Climate for the Class of 2008 Is a Bit Warmer Than Expected NY Times / Kate Murphy

Globalization is keeping U.S. economy from sinking LA Times / David Lazarus

Mortgage rates hit 11-week high AP via Tennessean / Martin Crutsinger

Negotiating for a House? Start With ‘Dear Seller’ NY Times / Ron Lieber

Treasury 10-Year Yield Rises to Highest Since December on Fed Bloomberg / Daniel Kruger and Sandra Hernandez

June could be crazy month for stocks AP via CNN

Airlines might face bankruptcy again AP via Allentown Morning Call

U.S. Stocks Rise as Economic Outlook Improves, Oil Prices Drop Bloomberg / Lynn Thomasson

Florida, Michigan, and maybe White House at stake Marketwatch / Robert Schroeder

Clinton, Obama Skirmish Over Florida, Michigan Votes Bloomberg / Lorraine Woellert

Dollar Posts Monthly Gain, Reaches 3-Month High on Fed Outlook Bloomberg / Bo Nielsen

Al-Assaf, Paulson Agree on Saudis Keeping Dollar Peg Bloomberg / John Brinsley