Bondhead News Archive

July 01 – July 15

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New Debt Issues Sink, while Junk Plunges / Stephen Taub

Outlook for 2nd half weakens, Fed official says Marketwatch / Greg Robb

Remarks on Economic Slowdown, Market Fallout, and the Path to Financial Recovery Federal Reserve Bank of Atlanta / Dennis P. Lockhart

IMF braces for deluge of loan requests Globe and Mail / Barrie McKenna

Dump your ARM now -- if you can Marketwatch / Chuck Jaffe

The Mysterious Ways of Bond Investors Delta via Safehaven / Michael Pento

Reading statistical tea leaves Marketwatch / Mark Hulbert

Stingy lenders grease market's slide Globe and Mail / Sinclair Stewart

Starbucks gives up on its money-losers Globe and Mail / David Hutton

Blockbuster withdraws plan to acquire Circuit City AP via Houston Chronicle / David Koenig

Stocks Ride Late Rally / Mark Glassman

Bear market freak out CNN / The Mole

Can Wall Street steer clear of the bear? LA Times via Newsday / Walter Hamilton

FL: Economic fallout stalls retail expansion St. Petersburg Times / Mark Albright

Global Inflation, Economic Slack and Monetary Policy Morgan Stanley  / Richard Berner

Treasuries Rise as Stocks Decline, Oil Advances Amid Turmoil Bloomberg / Daniel Kruger

Review and Preview Morgan Stanley / Ted Wieseman

Auto sales plunge CNN / Chris Isidore

Manufacturers struggle to overcome rising prices AP via Houston Chronicle / Ellen Simon

U.S. Stocks Drop as Oil Climbs; UPS, Ford Shares Retreat Bloomberg / Eric Martin

Banks brace for tough second half CNN / David Ellis

Dollar Bursts In Air NY Post / Paul Tharp

Corn extends decline; soybeans hit another record AP via Houston Chronicle / Madlen Read

Confessions of a Money Manager With Nowhere to Go Bloomberg / David Pauly

A Bleak Outlook For June's Jobs Forbes / Peter Morici

Manufacturing in U.S. Unexpectedly Expanded in June Bloomberg / Courtney Schlisserman

Tuesday’s Analysis / Marty Chenard

Banker's Dream Market' Appears in UBS Muni Lawsuit Bloomberg / Joe Mysak

Moody's says personnel fail to follow guidelines AP via Houston Chronicle / Stephen Bernard

Federal Reserve will offer $75 billion in 28-day credit through its Term Auction Facility on July 14 and 28, 2008 Federal Reserve Board

Oil Rises on IEA Supply Warning, Concern Israel May Attack Iran Bloomberg / Margot Habiby

The Fed Family Feud Daily Standard / Irwin M. Stelzer

An almost assured way of profiting from higher inflation Marketwatch / Mark Hulbert

Broad Says U.S. Economy in Worst Recession Since World War II Bloomberg / Anthony Massucci and Erik Holm

Bankruptcy filings on rise among older Americans Pittsburgh Post Gazette / Tim Grant

This economic cloud has a silver lining Marketwatch / Kevin Kerr

At Midyear, the Economic Pain Persists NY Times / Vikas Bajaj

Inflation is a recipe for paired trades Marketwatch / Ryan Krueger

Obama, McCain campaigns go global Christian Science Monitor / Linda Feldmann

A global war on inflation Christian Science Monitor / Mark Trumbull

How to stop the Great Crash of '08 Asia Times / Spengler

Treasuries Fall as Record Oil Costs Increase Inflation Concern Bloomberg / Wes Goodman

Most Asian Stocks Rise, Led by Honda, Hyundai; Westpac Declines Bloomberg / Chen Shiyin and Masaki Kondo

Bank of Korea Forecasts Fastest Inflation in a Decade Bloomberg / William Sim

Japan's Tankan Sentiment Falls, Profits to Drop as Costs Soar Bloomberg / Jason Clenfield


Dow's bear market run spells trouble for Wall St. Reuters / Ellis Mnyandu

America's Underground Lew Rockwell / Jeffrey A. Tucker

Global Financial Turmoil and the World Economy Federal Reserve Board / Frederic S. Mishkin

Fed's Mishkin: higher commodity prices 'clearly could take a toll' on economy Thomson via Forbes

Even the Most Bearish Fail to See the Risk that Stalks the Banking World via Safehaven / Reggie Middleton

Sour economy limits states' options / '08 By Daniel C. Vock

Troubled economy hits women hard Christian Science Monitor / Alexandra Marks

Canada: The party's over for Canadian spendthrifts Globe and Mail / Tara Perkins and Kevin Carmichael

Wall Street: The bear is back CNN / Alexandra Twin

Fuelling inflation The Economist

Better think twice Marketwatch / Robert Powell

Airports cash in on flight delays CNN / Aaron Smith

It's Been a Long Time Pimco / Mark Kiesel

Treasurys advance after ADP jobs report Marketwatch / Deborah Levine

Treasury Yield Curve to Steepen on Jobs Report, RBS's Ader Says Bloomberg / Cordell Eddings

No Change in U.S. Job Market Perceptions in June Gallup / Dennis Jacobe

Company Bankruptcies in U.S. Outpace Individual Filings in June Bloomberg / Bill Rochelle and Timothy R. Homan

Stocks Falter As Oil Hits New High Investors Business Daily / Vincent Mao

Dow Takes Another Dive / Mark Glassman

Why Starbucks is hitting the wall Fortune via CNN / Patricia Sellers

Vulture real estate investors swoop in CNN / Les Christie

Mortgage Applications Increase In Latest MBA Weekly Survey Mortgage Bankers Association

Euro May Be Poised for `Explosive Breakout,' Citigroup Says Bloomberg / Jamie McGee

Opec head sees new oil price rise BBC News

Oil climbs to new record near $144 CNN / Ben Rooney

Milk and oil prices jump, pinching consumers Newsday / Tom Incantalupo, Joie Tyrell and Danny Teigman

In 2008, Shades Of October 1987 Forbes / John Tamny

Gold futures fall, as traders eye dollar, oil Marketwatch / Polya Lesova

Overdue Home-Equity Credit Lines Rise Most Since 1987, ABA Says Bloomberg / Hugh Son

U.S. Stocks Gain, Led by Banks; JPMorgan, Yahoo, Starbucks Rise Bloomberg / Eric Martin

Wednesday’s Analysis / Marty Chenard

Fight for Yahoo goes on Fortune via CNN / Colin Barr

That shrinking feeling The Economist

GM Bankruptcy `Not Impossible,' Merrill Analyst Says Bloomberg / Adam Haigh and Jeff Green

Factory Orders in the U.S. Rose 0.6% in May, Ex-Transport Up Bloomberg / Shobhana Chandra and Bob Willis

Teens Skip $50 Jeans in Squeeze of $4 Gas, Summer-Job Shortage Bloomberg / Lauren Coleman-Lochner and Heather Burke

Rules to Keep Your Skin in Wall Street Massacre Bloomberg / Michael Lewis

Flight cuts to squeeze travelers Chicago Tribune / Julie Johnsson

ECB expected to ignore politicians, hike rates Marketwatch / William L. Watts

Deepening Cycle of Job Loss Seen Lasting Into ’09 NY Times / Peter S. Goodman

Orders to U.S. Factories Probably Rose as Fuel Prices Jumped Bloomberg / Shobhana Chandra

CDO Creators Seek Redemption, and Profits, From Mortgage Market Bloomberg / Jody Shenn and Jonathan Keehner

Treasuries Little Changed as Stocks Fall Before Jobs Reports Bloomberg / Wes Goodman

Fed must prevent wage-price spiral: Lockhart Reuters / Alister Bull

Big trouble for Big Three automakers Christian Science Monitor / Mark Trumbull

Where we are and where we're going Marketwatch / Todd Harrison

Asian Stocks Decline, Led by Nippon Yusen, Korean Air, Honda Bloomberg / Chen Shiyin

Banks' lifeline costs them nothing, but will they learn? Telegraph / Damian Reece

JPMorgan, Deutsche Bank Advance in M&A; Citigroup Holds Steady Bloomberg / Zachary R. Mider

Obama Got Discount on Home Loan Washington Post / Joe Stephens

Manhattan Second-Quarter Apartment Sales Drop Most Since 1998 Bloomberg / Sharon L. Lynch

New York Ends Grasso Compensation Lawsuit Washington Post / Christopher Twarowski

Australia's Retail Sales Rise More-Than-Forecast 0.7% Bloomberg / Jacob Greber

Wanted: Skilled Workers for a Growing Economy in Brazil NY Times / Andrew Downie

Oil Demand Will Grow, Despite Prices, Report Says NY Times / Cliffor Krauss

All that oil — but no gas in Iraq AP via South Florida Sun Sentinel / Sebastian Abbot


Chrysler bankruptcy risk may be rising AP via South Florida Sun sentinel / Dee-Ann Durbin

CBOE delays vote on settlement with Chicago Board of Trade Chicago Tribune / Joshua Boak

62,000 pink slips in June; nearly a half-million for year AP via South Florida Sun Sentinel / Jeannine Aversa

The Feds have come up with an exit tax! NY Post / John Crudele

Old King Coal Forbes / Jesse Bogan

Short Session Ends Mixed / Mark Glassman

Stocks Turn North, Erasing Early Losses Investors Business Daily / Alan R. Elliott

Economy Slows, Wealthy Giving Grows Forbes / Andrew Farrell

Rates for 30-year mortgages post first decline in five weeks AP via USA Today / Martin Crutsinger

South Florida bankruptcies still climbing Miami Herald / Patrick Danner

Fed's Bullard says bank's credibility on the line Reuters

Municipal Market `Fire in the Disco' Burns Borrowers Bloomberg / William Selway and Martin Z. Braun

Treasuries Little Changed as U.S. Loses Jobs For a Sixth Month Bloomberg / Daniel Kruger

SEC Plan for Swaps `Securities' Gets Alabama Rebuff Bloomberg / Joe Mysak

Global interest rates in 2008 Reuters

Euro Falls as Trichet Signals One Rate Increase May Be Enough Bloomberg / Ye Xie and Bo Nielsen

EU: Introductory statement European Central Bank / Jean-Claude Trichet

EU: The ECB raises interest rates to show it means business about inflation The Economist

ECB raises rates to 4.25 percent Reuters / Krista Hughes

Trichet Adopts Greenspan Policy as ECB Attacks Prices Bloomberg / Simon Kennedy

Arson Surges for Foreclosed Homes Lost to Subprime Bloomberg / Kathleen M. Howley

Service sector shrinks unexpectedly Reuters / Burton Frierson

A half-year of job losses CNN / Chris Isidore

U.S. Loses 62,000 Jobs, Jobless Rate Holds at 5.5% Bloomberg / Bob Willis

Thursday’s Analysis / Marty Chenard

GM stock lowest since '54 on specter of bankruptcy AP and Bloomberg via Newsday

The high cost of filling up Globe and Mail / Barrie McKenna

Employers in U.S. Probably Cut Jobs for Sixth Straight Month Bloomberg / Bob Willis

Oil soars close to new $146 a barrel record London Times / Dearbail Jordan

Unlike the 1970s, the world is now able to withstand the oil price shock Independent / Hamish McRae

McCain visits a skeptical Latin America Christian Science M<onitor / Sara Miller Llama

Asia: Stocks broadly lower Marketwatch / V. Phani Kumar

UK: Standard of living to fall for at least a year Telegraph / Harry Wallop

Treasuries Decline, Snapping Gain, as Oil May Quicken Inflation Bloomberg / Wes Goodman

Crude Oil Rises to Record Above $144 After U.S. Stockpile Drop Bloomberg / Christian Schmollinger

The Struggles of Detroit Ensnare Its Workers NY Times / Bill Vlasic and Nick Bunkley

Asian Stocks Decline for Fifth Day; Toyota, Posco, BHP Retreat Bloomberg / Chen Shiyin and Shani Raja



Junk-Rated U.S. Company Debt Offerings Outpace Investment-Grade Bloomberg / Gabrielle Coppola

Fed Ponders Private Equity In Banks Forbes / Oxford Analytica

Downward economic spiral predicted through year McClatchy via Sacramento Bee / Kevin G. Hall

Why Microsoft will win Yahoo Fortune via CNN / David Kirkpatrick

Stocks' escape from bear up to oil, GE Reuters / Walker Simon

G-8 meets as economy storm clouds thicken AP via Newsday / Malcolm Foster

Hunting for oil villains Fortune via CNN / Jon Birger

Berkshire Brutalized Bloomberg via NY Post

In a Bright Side to the Slowdown, Shopping Bargains Abound NY Times / Stephanie Rosenbloom

Mortgage rates fall, reversing 5-week streak AP via San Diego Union Tribune

Maple Bond Market Plunges as Investors Avoid Foreign Debt Bloomberg / Doug Alexander

Oil prices fall more than $1 a barrel AP via Houston Chronicle / Pablo Gorondi

UK: The bungling bank The Economist

German Factory Orders Unexpectedly Drop a Sixth Month Bloomberg / Gabi Thesing

Europe tiptoes around inflation NY Post / Paul Tharp

Popularity of bourbon is on the rise AP via Miami Herald / Bruce Schreiner


Job cuts may keep wages in check AP via Denver Post / Rachel Beck

Ex-Fed president: U.S. must fight inflation San Francisco chronicle / Kathleen Pender

Steel Urges Caution on Expanding Safety Net for Banks Bloomberg / Rebecca Christie

Why oil prices will rise even higher Reuters via Globe and Mail / Alastair Sharp

Companies begin quest for oil, gas off Fla. coast AP via Seattle Post Intelligencer / Melissa Nelson

Vulture real estate investors swoop in CNN / Les Christie

U.S. Apartment Vacancy Unchanged at 5.9 Percent, Rents Increase Bloomberg / Dan Levy

Foreign tourism is flat in U.S. Charlotte Observer / Oskar Garcia

Debt on plastic hurting small firms Washington Post via Seattle Times / Simone Baribeau

Small-cap stock run could herald broader recovery AP via Seattle Post Intelligencer / Joe Bel Bruno

Banks, boy bands and fraud Chicago Tribune / Becky Yerak

NC: The lap of luxury is shrinking Charlotte Observer / Lauren Berry and Kristine Crane

European Bonds Post Fourth Weekly Gain on Interest Rate Outlook Bloomberg / Anchalee Worrachate

Gilts Advance for Third Week on Credit-Market Losses Widening Bloomberg / Kim-Mai Cutler

Euro Falls on Speculation ECB Won't Raise Borrowing Costs Again Bloomberg / Kim-Mai Cutler


OH: Foreclosed homes depress prices throughout area Cleveland Plain Dealer / Mark Gillispie

OH: Little banks that could ... avoid mortgage mess Cleveland Plain Dealer / Teresa Dixon Murray

Veteran Schultz says we're in 'major global upheaval Marketwatch / Peter Brimelow

Don't Fret About the Fed Forbes / Ken Fisher

With most funds, managers have none of their own funds at stake Marketwatch / Chuck Jaffe

Could cub grow into a grizzly bear market? USA Today / Adam shell

Banks brace for tough second half CNN / David Ellis

It just keeps falling AP via San Diego Union Tribune / Tom Raum

The tipping point Allentown Morning Call / Kevin Duffy

Canada: Business Outlook Survey due Monday morning Globe and Mail / David Parkinson

Congress' long to-do list AP via CNN

High inflation could increase Social Security checks Allentown Morning Call / Harriet Johnson Brackey

The dollar - stuck in a funk AP via CNN

Investing, Post-Bush Forbes / David Malpass

UK: Economy is running on nearly empty London Times / David Smith

UK: Falling into the abyss? London Times / David Smith, Dominic O'Connell, Iain Dey, James Ashton, Matthew Goodman, Teena Lyons and William Kay

Municipal bonds present risk -- and opportunity LA Times / Kathy M. Kristof

Low-income renters feel foreclosure burn Marketwatch / David Handelman

Is capitulation on the cards? Reuters / Jeremy Gaunt

Long wait for satellite radio deal may end soon AP via Houston Chronicle / Christopher S. Rugaber

Will the stock market get worse? LA Times / Tom Petruno

OPEC president blames ethanol for crude-price rise Marketwatch

Drilling ban mars future Pittsburgh Tribune Review / Jack Markowitz

California Weather May Give Respite Against Wildfires Bloomberg / Dan Hart

Banks: Everything must go! CNN / David Ellis

Lehman’s Stockings are full, It’s coffers, not so much NY Post / Terry Keenan

Bear Buyout Could Cost Taxpayers NY Post / Teri Buhl

Trade Gap Probably Widened, Import Prices Rose: Economy Preview Bloomberg / Courtney Schlisserman

If you've got any money, bonds are a good bet Guardian – Observer / Huma Qureshi

A Window in a Smoky Market NY Times / Gretchen Morgenson

A Bear Market, Mauling Not Included NY Times / Paul J. Lim

American Energy Policy, Asleep at the Spigot NY Times / Nelson D. Schwartz

Untying a Knot in Campaign Finance NY Times / Robert H. Funk

OPEC'S Khelil Says Record Oil Prices Are Unrelated to Supply Bloomberg / Ahmed Rouaba

As America's economy comes up for air, Europe prepares to plumb the depths Guardian – Observer / Heather Connon

UK: Days of boom, bust and recession (but let's not talk about that now) Guardian – Observer / William Keegan

UK: Gloom will keep rate on hold Guardian – Observer / Heather Stewart

Foreclosed homes that just go to pot Chicago Tribune / Mary Umberger



Gold timers apparently aren't worried about gold, a bad sign Marketwatch / Mark Hulbert

Oil rebounds toward $142 Reuters / Angela Moon

Dollar is driving Fed's decisions, not the state of the economy Marketwatch / Irwin Kellner

Fed to Get Role in Setting Investment Banks' Capital Bloomberg / Jesse Westbrook

Bonds rally as stock losses revive safety bid Reuters / Ellen Freilich

Starbucks shares continue to fall Seattle Times / Melissa Allison

Alcoa Reports, Bernanke Speaks, And Investors Look To Rally Forbes / Steve Schaefer

CO: CU economist lowers job-growth forecast AP via Denver Post

The Changing Nature of the U.S. Balance of Payments Federal Reserve Bank of New York

Fannie Mae and Freddie Mac plunge CNN / Catherine Clifford

Pension plans suffer huge losses CNN / Lara Moscrip

Yellen warns U.S. could hit another rough patch Marketwatch / Laura Mandaro

Risks and Prospects for the U.S. Economy Federal Reserve Bank of San Francisco / Janet L. Yellen

Federal Reserve and SEC issue memorandum of understanding to deepen information sharing and cooperation Federal Reserve board

SIFMA, ASF and ESF Announce Global Working Group to Restore Confidence in the Securitization Markets Bond Market Association

EPDA Launches Primary Dealerships Handbook Bond Market Association

It's a recession: 75% of Americans say CNN / David Goldman

U.S. Stocks Retreat, Led by Banks; Fannie, Freddie Shares Drop Bloomberg / Eric Martin

The worst isn’t over Boston Herald / Jay Fitzgerald

The Twenty Percent Rule and Bear Markets Wall Street Window via Safehaven / Michael Swanson

Earnings déjà vu CNN / Paul R. La Monica

Record Shorting of U.S. Stocks May Fuel Rebound, JPMorgan Says Bloomberg / Elizabeth Stanton

Companies fear inflation surge Globe and Mail / Heather Scoffield

Oil prices tumble more than $5 CNN / Kenneth Musante

Presidential candidates are raising and spending more money than ever The Economist

Treasurys gain amid dimmer Fed rate hike bets Marketwatch / Deborah Levine

Nothing about investing is easy now Chicago Tribune / Gail MarksJarvis

Stocks advance as rising dollar sends oil lower AP via San Francisco Chronicle / Tim Paradis

Golden Opportunity In Fed's Pickle Forbes / Robert Lenzner

Monday’s Analysis / Marty Chenard

Microsoft May Revive Yahoo Talks If Board Replaced Bloomberg / Amy Thomson

Stocks open higher CNN

Diesel Demand May Be Driving Oil Price Bloomberg / John M. Berry

Oil falls below $141 with dollar strengthening AP via LA Times / George Jahn

Debt collectors on the rampage CNN / Jessica Dickler

Pinched by prices, more people join ranks of job hunters The State via Charlotte Observer / Noelle Phillips

Flurry of analyst revisions for Utah's Zions Marketwatch / Riley McDermid

Banks set to report big losses Wall Street Journal via Tennessean / Michael Corkery

German, U.K. Manufacturing Drop as Growth Slows Across Europe Bloomberg / Jennifer Ryan and Simone Meier

Bernanke's Emerging-Market Disciples May Need to Follow Volcker Bloomberg / John Fraher and Shamim Adam

Treasuries Gain; SonntagsZeitung Says Financial Losses to Grow Bloomberg / Wes Goodman

TIPS Flunk Inflation Test as Gasoline, Groceries Overtake CPI Bloomberg / Sandra Hernandez

The euro is strong, but Europe can do better Taipei Times / Jim O’Neill

Dollar rises before Bernanke, G8 in focus Reuters via Guardian

Euro Falls to One-Week Low Before German Production Report Bloomberg / Kosuke Goto and Stanley White

Profits in U.S. Probably Fell Again, Led by Citigroup, Merrill Bloomberg / Meg Tirrell

Asian Stocks Advance, Led by China Merchants Bank; BHP Declines Bloomberg / Chen Shiyin and Chua Kong Ho

It's time for the central banks to take a lesson in emerging market economics Independent / Stephen King

Japan Economy Will Keep Growing, BOJ's Shirakawa Says Bloomberg / Mayumi Otsuma

Merrill Lynch could finance sale to Bloomberg London Times / Suzy Jagger


Bernanke's Indecision on interest rate opens the door for Resource Juniors Bloomberg / John Lee

Can A More Powerful Fed Really Help The Banks? Forbes / Liz Moyer

Economy takes toll on nips and tucks, gym memberships USA Today / Laura Petrecca

Corporate confidence Marketwatch / Mark Hulbert

Shanghai stocks extend rally, lift Hong Kong Marketwatch / V. Phani Kumar

Dow ends up 152 on decline in oil, Bernanke talk AP via Allentown Morning Call / Madlen Read

Bernanke: More Power Please Forbes / Maurna Desmond

Fed's Lacker Says Recovery Should Prompt Higher Rates Bloomberg / Steve Matthews and Craig Torres

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

Agencies Issue Statement on Basel II Advanced Approaches Qualification Process Federal Reserve Board

Consumer spending cutbacks nail retail bonds Marketwatch / Deborah Levine

Treasury Two-Year Notes Fall as Stocks Gain, Crude Oil Drops Bloomberg / Sandra Hernandez and Daniel Kruger

SEC Ratings Probe Reveals Conflicts in Grading Debt Bloomberg / Jesse Westbrook

Consumer borrowing increases as people use credit cards AP via USA Today / Jeanine Aversa

Where people spend most on food and fuel The Economist

Feeling Fannie's and Freddie's pain CNN / Chris Isidore

Fannie Mae and Freddie Mac shares recover Marketwatch / Robert Schroeder

Oil will not fall below $100 again: Pickens Reuters / Timothy Gardner

Crude continues post-holiday skid, back under $140 AP via Houston Chronicle

Stocks Ride Late Rally / Mark Glassman

U.S. Stocks Climb, Led by Banks; Citigroup, UPS, Wal-Mart Climb Bloomberg / Eric Martin

Stocks stage recovery CNN / Alexandra Twin

Paulson: Many foreclosures can't be prevented AP via Houston Chronicle

Obama rejects charges of flip-flopping Reuters / Caren Bohan

Bernanke Says Fed May Continue Lending Into Next Year Bloomberg / Scott Lanman

Financial Regulation and Financial Stability Federal Reserve Board / Ben S. Bernanke

Dollar Continued Modest Rise in June Federal Reserve Bank of Atlanta

Federal Reserve Events Reuters

Speculative debt defaults rise in 2nd qtr -Moody's Reuters / Elena Moya

Bernanke: OTC swaps management needs improvement Reuters

New York Thrives on Felker Vision of Urban Ambition Bloomberg / Joe Mysak

U.S. Stocks Slump Won't End Until VIX Index Jumps Bloomberg / Michael Patterson

Office Depot trounced on lowered profit outlook Marketwatch / Andria Cheng

Tuesday’s Analysis / Marty Chenard

Pending U.S. Home Resales Decline More Than Forecast Bloomberg / Bob Willis

The Perfect Storm Returns Morgan Stanley / Richard Berner and David Greenlaw

US chain store sales rise 2.9 pct last wk-Redbook Reuters

U.S. malls lose more stores as economy weakens Bloomberg via Tennessean / Daniel Taub

Who Really Lives on a Fixed Income? Ludwig von Mises Institute / Mark A. Pribonic

IL: Suburban office space losing occupancy and value Chicago Tribune / Robert Manor

Oil slides nearly $5 CNN / Kenneth Musante

Crude Movement With The Government’s Oil Reserve NY Post / John Crudele

Obama's Voting Record Complicates His Shift to Center Bloomberg / Kristin Jensen

Fed's Loans to Wall Street May Prevent Raising Rates This Year Bloomberg / Scott Lanman

Toxic CDOs Given Up for Dead Coming to Life With Pension Funds Bloomberg / Jody Shenn

Treasuries Are Little Changed Before Report on U.S. Home Sales Bloomberg / Wes Goodman

Keep ARM now? Good way to get hit with high rates Boston Herald / Chuck Jaffe

Loan Pains Turned Site Into a Hit NY Times / Louise Story

U.S. Pending Home Sales Probably Fell for Third Month in Four Bloomberg / Bob Willis

Time To Celebrate Business Lew Rockwell / Llewellyn H. Rockwell, Jr.

Mortgage Rescue Plan Inches Toward Passage AP via NY Sun / Julie Hirschfeld Davis

Nostalgic for a rude, crude and dapper Wall St. Marketwatch / David Weidner

Corn, Soybeans Extend Declines as U.S. Crop Conditions Improve Bloomberg / Jae Hur

Britain at serious risk of recession as orders fall sharply Independent / David Prosser

UK: Disastrous reports pour in from every sector London Times / Gary Duncan

G-8 Leaders Discuss Financial Systems, Oil Prices Bloomberg / Toko Sekiguchi

Asia to Meet `Perfect Storm' of Costs, Slow Exports, Citi Says Bloomberg / Kyung Bok Cho

Yen Gains on Speculation U.S. Mortgage Industry Losses to Widen Bloomberg / Stanley White and Kosuke Goto


A Little Fair Value Never Killed Anyone / Tim Reason

Oil prices fall, but not for long The Economist

Gasoline prices hit harder outside the U.S. LA Times / Marla Dickerson

Over-the-counter derivatives Federal Reserve Board / Patrick M. Parkinson

Fannie Mae Pays Record Spreads on Two-Year Note Sale Bloomberg / Dawn Kopecki and Bryan Keogh

FL: Small business lending down sharply Miami Herald / Jim Wyss

U.S. mortgage rates fell on Wednesday – BestInfo Reuters

Housing market slump may stretch further AP via Tennessean

U.S. Treasury's Robert Steel quits post Reuters

Wachovia Names Treasury's Steel Chief, Posts Loss Bloomberg / David Mildenberg

Stocks tumble on uneasiness about financials AP via Chicago Tribune / Madlen Read

Wall Street: Slip-Slidin' Away Forbes / Steve Schaefer

S&P 500 caves into bear market, support near 1,220 Reuters / Ellis Mnyandu

Crude market shrugs off Iran jitters, supply report AP via Houston Chronicle

Sue OPEC? Congress Should Sue Itself Forbes / Michael Cembalest

It's All Over But the Dating for U.S. Recession Bloomberg / Caroline Baum

Hedge Funds Fell 0.75%, Worst First-Half Performance Bloomberg / Katherine Burton and Saijel Kishan

Most U.S. Stocks Retreat, Led by Financials, Technology Shares Bloomberg / Eric Martin

Wednesday’s Analysis / Marty Chenard

Mortgage Applications Increase In Latest MBA Weekly Survey Mortgage Bankers Association

The New Oil Shock Forbes / Lionel Laurent

Gold prices rise after Iran test-fires missile Marketwatch / Joyce Koh

UBS Cheats Can Still Come Clean Forbes / Janet Novack

John McCain hopes to overcome his problems with the economy The Economist

NY: Consumer Spending Slide Killing Madison Avenue NY Post / Holly M. Sanders

ECB head says inflation will linger AP via Houston Chronicle / Paul Ames

The Greater Depression Lew Rockwell / Doug French

Fed Sees Turmoil Persisting Deep Into Next Year NY Times / Stephen Labaton

Fannie, Freddie Downgraded by Derivatives Traders Over Capital Bloomberg / Shannon D. Harrington and Dawn Kopecki

Crude's fall now $9 in two days LA Times / Elizabeth Douglass

Asian Stocks Advance on Credit-Market Outlook, Oil's Decline Bloomberg / Chen Shiyin and Shani Raja

Dollar Falls After AFP Says Iran Test-Fires Long-Range Missile Bloomberg / Kosuke Goto and Stanley White

South Korean Won Climbs on Speculation Government Intervened Bloomberg / Judy Chen and William Sim

Inflation making Saudis feel poorer amid nation's oil boom Charlotte Observer / Donna Abu-Nasr

Japan Machine Orders Rise at 10 Times Estimated Pace Bloomberg / Jason Clenfield

Australian Confidence Slump, Loan Drop Show Economy Is Slowing Bloomberg / Victoria Batchelor

U.K. June Consumer Confidence Slumps to Lowest in Four Years Bloomberg / Brian Swint

U.S. Finds It's Getting Crowded Out There Washington Post / Marc Kaufman



Sizing up Iran's oil threat CNN / Steve Hargreaves

Soybeans rally on concerns of falling stockpiles AP via Contra Costa Times / Stevenson Jacobs

FDIC's Covered Bond Effort Wins Support From Bernanke Bloomberg / Rebecca Christie

Solid growth for Google expected despite economy Marketwatch / John Letzing

Independent Yahoo is better for business: Google Reuters

Warren Buffett gets busy CNN / Paul R. La Monica

Stocks Ride Late Rally / Mark Glassman

Fed doesn't want you to get a raise, Crandall says Marketwatch / Rex Nutting

Bernanke Pitches Congress For More Regulatory Power AP via NY Sun / Jeannine Aversa

Why the Fed's Job Is Hard US News and World Report / Kirk Shinkle

Fed's Yellen: Consumer confidence has "cratered" Reuters

Mortgage giants Fannie, Freddie insist they're fine USA Today / John Waggoner and Sue Kirchhoff

Fannie, Freddie Are Too Big to Fail, Lawmakers Say Bloomberg / Dawn Kopecki

Breaking up is hard to do The Economist

Vegas Strip revenue continues to suffer Bloomberg via Houston Chronicle

U.S. Bank Buys Stall on Housing Slump, Loan Defaults Bloomberg / Linda Shen

In 2050 the world will be run by a new middle class; based in Asia Independent / Hamish McRae

Foreign direct investment in China surges 46% in first half Marketwatch / Chris Oliver

Bank of Canada urged to raise interest rates CP via Globe and Mail

On a knife edge The Economist

Risks and Prospects for the U.S. Economy Federal Reserve Bank of San Francisco / Janet L. Yellen

Regulatory restructuring Federal Reserve Board / Ben S. Bernanke

Primary dealers don't borrow from Fed Marketwatch / Rex Nutting

Bernanke Urges Consolidated Investment Bank Oversight Bloomberg / Craig Torres

Crude Oil Jumps More Than $5 as Trading Programs Trigger Buying Bloomberg / Mark Shenk

IBM expected to flex muscles with earnings report Marketwatch / Rex Crum

Stocks: Roller coaster, then rally CNN / Alexandra Twin

Memo To Washington: Let GM Fail Forbes / John Tamny

Fannie and Freddie Stocks Continue Their Slide Washington Post / Howard Schneider

The Fannie and Freddie doomsday scenario Fortune via CNN / Katie Benner

Stocks Mixed In Rocky Trading Investors Business Daily / Vincent Mao

Thursday’s Analysis / Marty Chenard

Jobless claims tumble to 346,000 last week Reuters

Unemployment claims fall, but labor market still weak AP via Houston Chronicle

Granddad, Tell How Capitalism Committed Suicide Bloomberg / Mark Gilbert

Bernanke: He's Reviewing the Situation Lew Rockwell / Gary North

Federal Reserve Events Reuters

Treasuries Little Changed on Concern Housing Losses to Widen Bloomberg / Sandra Hernandez

CO: Utility shut-offs jump Denver Post / Andy Vuong

Bankruptcy: Strapped Utahns throw in the towel Salt Lake Tribune / Steven Oberbeck

Oil demand will soar, but so will supply – OPEC AP via CNN

Goodhart Says U.K. Faces `Quite a Recession,' Forcing Rate Cut Bloomberg / Jennifer Ryan and Jeremy Naylor

UK: Bank holds interest rates at 5% BBC News

S&P 500 May Lose Another 12% Before Bear Market Ends Bloomberg / Lynn Thomasson and Eric Martin

U.S. Foreclosures Rose 53% in June, Bank Seizures Almost Triple Bloomberg / Dan Levy

Worst of Housing Crisis Is Behind Us – Really Bloomberg / John M. Berry

Six months, 343,000 lost homes CNN / Les Christie

Fannie, Freddie `Insolvent' After Losses, Poole Says Bloomberg / Dawn Kopecki

SEC charges ex-Sycamore execs with stock fraud Boston Herald / Jay Fitzgerald

Wachovia Hires a Treasury Insider to Lift It Out of Its Banking Woes NY Times / Eric Dash

Hedge Fund Manager Describes Rock Bottom NY Times / Louise Story

Foreign Investors Pile Up More Pieces of Americana NY Times / Landon Thomas, Jr.


Moody's downgrades Walgreens debt Chicago Tribune James P. Miller

Top bond dealers see yields rising as Fed stands pat Marketwatch / Deborah Levine

Fed Says No Talks With Fannie, Freddie About Loans Bloomberg / Scott Lanman

Fed to Restrict Loan Penalties That Deter Refinancing Bloomberg / Alison Vekshin

Feds take over mortgage lender IndyMac AP via MSNBC

A new financial crisis at the worst time AP via Houston Chronicle / Tom Raum

Fannie and Freddie: A wild ride CNN / Chris Isidore

Friday's Wild Ride Forbes / Carl Gutierrez

Lehman shares plunge again CNN / David Ellis

Bonds, cash and precious metals are golden Reuters

Monetary Policy and Asset Markets: Conference Summary Federal Reserve Bank of San Francisco

U.S. Credit Rating `Well Within' Aaa, Moody's Says Bloomberg / Lester Pimentel

Demand Destruction Stops at the Border Euro Pacific via Safehaven / Peter Schiff

Oil sets new trading record above $147 a barrel AP via Houston Chronicle / Madlen Read

A Fate Worse than Debt The Economist via

Bad Debt a good buy for some NY Post / Kaja Whitehouse

The $5 trillion mess Fortune via CNN / Katie Brenner

Wachovia shares plummet nearly 10% Charlotte Observer / Christina Rexrode

Lehman shares plunge 18% CNN / David Ellis

Dow drops below 11,000 for 1st time in 2 years AP via San Francisco Chronicle / Tim Paradis

Friday’s Analysis / Marty Chenard

Gung-Ho Gains For Oil And Gold Forbes / Lionel Laurent

Loan prepayment penalty angers borrowers Sacramento Bee / Jim Wasserman

Retail sales beat June forecasts AP via Charlotte Observer / Anne D’Innocenzio

Emerging Inflation? Morgan Stanley / Manoj Pradhan

Europe’s Last Growth Engine Sputters Morgan Stanley / Elga Bartsch

Federal Reserve Events Reuters

Bonds pare losses after Paulson comments on GSEs Reuters

Any GSEs takeover no threat to 'AAA' rating: S&P Reuters / John Parry

Stock decline as Fannie, Freddie fall sharply AP via Chicago Tribune / Tim Paradis

GE profit meets expectations; outlook steady Reuters / Scott Malone

Oil, Gasoline, Climb to Records on Concern About Attack on Iran Bloomberg / Mark Shenk

Mood's still extremely gloomy: University of Michigan Marketwatch / Ruth Mantell

U.S. Consumer Sentiment Stays Near Lowest Since 1980 Bloomberg / Timothy R. Homan

U.S. Trade Gap Narrowed 1.2% in May to $59.8 Billion Bloomberg / Bob Willis

U.S. Adopts Capitalism Lite for Housing Bailout Bloomberg / Caroline Baum

Small businesses squeezed out of loans Miami Herald / Jim Wyss

U.S. Considers Takeover of Two Mortgage Giants NY Times / Stephen Labaton and Steven R. Weisman

Treasuries Little Changed Before Consumer Confidence Report Bloomberg / Wes Goodman

Asian Bond Risk Increases to the Highest Since 2003 Bloomberg / David Yong and Patricia Lui

Short-selling costs double as investors are drawn to new strategy Independent / Nick Clark

For Short Sellers, It Doesn’t Get Much Better NY Times / Landon Thomas, Jr.

Slide by Marriott Signals Distress For Hotel Industry Washington Post / Michael S. Rosenwald

Asian Stocks Drop, Set for a Fifth Weekly Decline; Banks Fall Bloomberg / Chua Kong Ho and Shani Raja

Shares of Lehman Brothers Take a Beating NY Times / Jenny Anderson

Dollar Heads for Weekly Loss Versus Euro Before Confidence Data Bloomberg / Kosuke Goto

Oil at near $142 on geopolitical, supply worries Reuters via Guardian


Housing woes spread to business properties AP via Denver Post / J.W. Elphinstone

Budget Deficit Twice as Big as Last Year's AP via Washington Post / Jeannine Aversa

Fannie, Freddie, Fascist Lew Rockwell / Llewellyn H. Rockwell, Jr.

Recession: With War or Without It? Lew Rockwell / Gary North

Fannie, Freddie to Get $15 Billion From U.S., the Times Says Bloomberg / Jenny Gross

Fed Dangles Aid but leaves Fannie, Freddie in Limbo NY Post / Mark DeCambre

Rumors may become reality with Fed fixes NY Post / Mark DeCambre

Treasury Two-Year Notes Fall as Debt Bailout Speculation Eases Bloomberg / Daniel Kruger and Sandra Hernandez

Stocks end the week in retreat AP via Allentown Morning Call / Tim Paradis

AMD cuts $880M from divisions' value AP via Mercury News / Jordan Robertson

When faith is frayed LA Times / Tom Petruno

FL: Airport traffic rises in Fort Lauderdale, falls at Palm Beach International South florida Sun Sentinel / Bowdeya Tweh

Bernanke to Testify on State of Economy Washington Post / Neil Irwin

How Fallout Could Affect Main Street NY Times / Ron Lieber

U.S. Stocks Bear Market Deepens With Sixth Straight Weekly Drop Bloomberg / Elizabeth Stanton

Dollar Falls to Within Cent of All-Time Low on Fannie, Freddie Bloomberg / Ye Xie and Candice Zachariahs

The fall of IndyMac CNN / Catherine Clifford

Is It Time to Feel Upbeat About The Trampled-Down Mortgage Giants? Washington Post / Steven E. Levingston

Fannie Sinks, Freddie Recovers in Biggest Trading Day on Record Bloomberg / Michael Tsang

Fannie Mae, Freddie Mac Turmoil Pose New Economic `Headwind' Bloomberg / Matthew Benjamin and Craig Torres



Board grants Federal Reserve Bank of New York the authority to lend to Fannie Mae and Freddie Mac should such lending prove necessary Federal Reserve Board

Big Spend is ending South Florida Sun Sentinel / Harriet Johnson Brackey

NV: Banks, buyers loath to seal condo deals Las Vegas Sun / Liz Benston

IL: Will 'high' tide raise all boats? Chicago Tribune / Mary Umberger

Credit counselors see foreclosures on the rise Miami Herald / Jessica Hopper

Treasury to speak on Fannie, Freddie: report Marketwatch / Greg Morcroft

Fannie, Freddie in Talks With Treasury About Funding Bloomberg / Dawn Kopecki

Fannie’s Been in the arrears NY Post / Terry Keenan

UK: Crashes aren't good for us but at least we'll find the floor. And by 2010 we could be looking up Independent / Hamish McRae

Freddie Mac's Next Hurdle: Raise Cash Washington Post / Jeffrey H. Birnbaum and Steve Mufson

Beware of Sending Fannie and Freddie Stock to Zero Seeking Alpha / Michael Steinberg

Protected by Washington, Fannie and Freddie Grew NY Times / Julie Creswell

Fannie and Freddie - Some Facts to Keep in Mind Seeking Alpha / John Thain

The Silence of the Lenders NY Times / Gretchen Morgenson

Retail Sales Probably Rose on Tax Rebates: U.S. Economy Preview Bloomberg / Shobhana Chandra

Yahoo Rejects Joint Proposal From Microsoft, Icahn Bloomberg / Kyung Bok Cho

Yahoo Again Spurns a Microsoft Offer NY Times / Michael J. de la Merced

Obama Says U.S. May Not Take Any Action to Aid Fannie, Freddie Bloomberg / Julianna Goldman

What if the Candidates Pandered to Economists? NY Times / N. Gregory Mankiw

Ripple Effects From Fannie And Freddie Washington Post / Nancy Trejos

Boomers find losses in market hard to bear Chicago Tribune / Gail MarksJarvis

Many Retirees Face Prospect of Outliving Savings, Study Says Washington Post / Nancy Trejos

Smart, wealthy people use coupons Chicago Tribune / Gregory Karp


The Fed As Super-Regulator Forbes / Brian Wingfield

Fannie, Freddie: Not out of the woods CNN / Chris Isidore

On Treasury's Wings: Freddie Mac Auctions off $3 Billion in Debt / Vincent Ryan

Economic crisis is called worst since 1970s – at least Reuters via San Diego Union Tribune / Daniel Trotta and Jennifer Ablan

CBOE to launch index to track oil-price volatility Chicago Tribune / Josh Boak

Florida Realtors resume sales pitch to Britons Palm Beach Post / Shelley Emling

The view from Club Med The Economist

Bonds rally on Fannie, Freddie turmoil CNN / Catherine Clifford

Treasuries Gain as Stocks Fall on Outlook for Banking System Bloomberg / Daniel Kruger and Sandra Hernandez

Why most boomers can expect to inherit little Christian Science Monitor / Kathleen Connell

Stocks Turn Red In Midday Trade Investors Business Daily / Vincent Mao

Dollar slips a bit after Freddie Mac auction William L. Watts and Lisa Twaronite

The Path of Energy Conservation Morgan Stanley / Stephen Jen and Luca Bindelli

A Nuanced Inflation Shock to Emerging Economies Morgan Stanley / Stephen Jen and Luca Bindelli

$10-a-gallon gasoline puts U.S. prices in perspective LA Times via Chicago Tribune / Marla Dickerson

Gold futures end higher as investors seek safe haven Marketwatch / Polya Lesova

Corn falls 22 per cent in two weeks Reuters via Globe and Mail / Sam Nelson

Oil hovers near $145 a barrel as dollar gains AP via NY Daily News / Adam Schreck

Mortgage giants falter Christian Science Monitor / Mark Trumbull

Why the Fed has to ignore inflation CNN / Paul R. La Monica

Federal Reserve will offer $75 billion in 28-day credit through its Term Auction Facility today Federal Reserve Board

Bernanke Embrace May Turn as Fed Seeks More Powers Bloomberg / Scott Lanman

A Sad Day for U.S. Taxpayers and Investors Ciovacco Capital Management / Chris Ciovacco

Freddie Mac Gets Higher-Than-Average Demand for Bills Bloomberg / Dawn Kopecki and Jody Shenn

Discounted Mortgage Notes Can Stop Foreclosures Bloomberg / John F. Wasik

Fannie Plan a `Disaster' to Rogers; Goldman Says Sell Bloomberg / Carol Massar and Eric Martin

Rescuing Fannie And Freddie Forbes / Brian Wingfield

The muddle-through approach The Economist

Stocks trade mixed on plan to aid Fannie, Freddie AP via Orlando Sentinel / Tim Paradis

Monday’s Analysis / Marty Chenard

Bringing home the beer The Economist

Don't Despair The Bear Forbes / Martin T. Sosnoff

Analysts predict more banks will go under NY Times via Houston Chronicle / Louise Story

A drugs racket The Economist


A wake-up call to savers Marketwatch / Eva Rosenberg

Intel profit rises, driven by notebook PC sales Reuters / Duncan Martell

EBay expected to post growth despite economy Marketwatch / John Letzing

Seagate Profit Misses Estimates; Shares Plunge 9.2% Bloomberg / Melita Marie Garza

Prospects for Fed rate hikes melting away Reuters / Ros Krasny

Fed charts tricky course as clouds gather FT / Krishna Guha

So this is what a day of reckoning feels like USA Today / David J. Lynch

The IBD/TIPP Economic Optimism Index Investors Business Daly

From here to maternity The Economist

A Nation of Worriers Daily Standard / Irwin M. Stelzer

S.F. Fed's Yellen says U.S. developments require "vigilance" Marketwatch / Laura Mandaro

Stabilizing Communities-Addressing the Negative Impacts of Foreclosure Federal Reserve Board / Janet L. Yellen

Treasuries Rise as Bernanke Cites `Significant' Risks to Growth Bloomberg / Daniel Kruger and Dakin Campbell

Review and Preview Morgan Stanley / Ted Wieseman

Fitch sees "multiple bankruptcies" for U.S. airlines Reuters

Biggest oil price drop in 17 years CNN / Kenneth Musante and David Goldman

Gold futures tilt higher as crude oil tumbles Marketwatch / Polya Lesova

GM to cut jobs, sell assets, raise cash to survive Reuters / Kevin Krolicki and David Bailey

Eager to Cash Out AP via Modesto Bee / Christina Hoag

Banks bounce back, but... CNN / David Ellis

U.S. stocks pare losses as price of crude drops Marketwatch / Kate Gibson

Inflation grows at fastest pace in 27 years AP via CNN

U.S. Economy: Sales Short of Forecast, Prices Rise Bloomberg / Shobhana Chandra and Robert Willis

Retail sales weak, producer prices strong Reuters / Burton Frierson

Tomorrow’s Inflation Report Will Be A Real Doozy NY Post / John Crudele

Semiannual Monetary Policy Report to the Congress Federal Reserve Board / Ben S. Bernanke

Bernanke: Financial markets under heavy stress Reuters / Emily Kaiser and Mark Felsenthal

Bernanke Abandons Assessment of Lessening Growth Risk Bloomberg / Craig Torres and Scott Lanman

Fed Raises '08 GDP, Price Forecasts; '09 Outlook Little Changed Bloomberg / Scott Lanman

Deposits 'overwhelmingly' safe: FDIC AP via CNN

Are BofA, Wachovia ready to weather financial crisis? Charlotte Observer / Rick Rothacker

Fannie, Freddie Shored Up, For Now Forbes / Oxford Analytica

Tuesday’s Analysis / Marty Chenard

Nightmare On Woodward Avenue Forbes / Jerry Flint

Dollar plumbs new low versus euro CNN / Kenneth Musante

Bernanke Foiled as Fannie-Freddie Rescue Thwarts Forecasts Bloomberg / Craig Torres and Steve Matthews

Sweet Bernanke-Paulson’s Baadassss Song Lew Rockwell / Michael S. Rozeff

Fed Sets Rules Meant to Stop Deceptive Lending Practices NY Times / Steven R. Weisman

Treasuries Rise as Asian Stocks Decline Led by Finance Firms Bloomberg / Wes Goodman

China Will Get Paid for Loving Freddie, Fannie Bloomberg / Andy Mukherjee

Jobless Rate for Youths Is Increasing Washington Post / Kari Lydersen

The bears of summer Marketwatch / Irwin Kellner

Washington Mutual's Decline Wipes Out Most of TPG's Investment Bloomberg / Ari Levy

Asian Stocks Drop, Led by Banks, as Credit Concerns Increase Bloomberg / Chen Shiyin and Ian C. Sayson

In banking crisis, U.S. steps up Christian Science Monitor / Mark Trumbull

Bush Rescinds Father's Offshore Oil Ban Washington Post / Dan Eggen and Steven Mufson

With Medicare vote, G.O.P. splitting from Bush Christian Science Monitor / Gail Russell Chaddock

Yen May Strengthen as BOJ More Likely to Act Than Fed Bloomberg / Kosuke Goto and Shigeki Nozawa

Bank of Japan agrees unanimously to hold rates at 0.5% Marketwatch / Chris Oliver

New Zealand Inflation Accelerates to 18-Year-High Bloomberg / Tracy Withers

EU: Recession looms as Spain crumbles Telegraph / Ambrose Evans-Pritchard