Bondhead News Archive

November 01 – November 15

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Florida Mortgages: 29 percent of homeowners have negative equity Orlando Sentinel / Paul Owers

U.S. Two-Year Notes Gain Most Since February on Slowdown, Fed Bloomberg / Sandra Hernandez and Dakin Campbell

What’s The Big Idea Washington Post

Palin says McCain will protect Social Security Washington Post / Mitch Stacy

Some folks obsessed with tracking volatile stocks Pittsburgh Tribune Review / Rick Stouffer

U.S. Stocks Post Biggest Weekly Gain Since 1974 on Valuations Bloomberg / Elizabeth Stanton

A Monthlong Walk on the Wildest Side of the Stock Market NY Times / Floyd norris

Sears, Home Depot May Lose 8% of Holiday Sales on Credit Limits Bloomberg / Lauren Coleman-Lochner

Fear of Deflation Lurks as Global Demand Drops NY Times / Peter S. Goodman

Once-hot homes are losers in Las Vegas Washington Post via Houston Chronicle / Joel Achenbach

Dollar, Yen Rise Most Since Euro's 1999 Debut on Global Slump Bloomberg / Ye Xie and Daniel Kruger

China Manufacturing Contracts as Crisis Trims Exports Bloomberg / Li Yanping and Wang Ying

India Unexpectedly Cut Interest Rates to Spur Growth Bloomberg / Debarati Roy and Cherian Thomas


Dodging another Great Depression Reuters / Emily Kaiser

Rush of economic data likely to shape week AP via Seattle Post Intelligencer / Tim Paradis

Nobel Winner Aumann Says Bernanke, Paulson Steps `Not Smart' Bloomberg / Tal Barak and Alisa Odenheimer

Economic forecast has silver lining Detroit Free Press / Tom Walsh

Opec head urges production cuts BBC News

Stocks likely to recover no matter who's president AP via Seattle Post Intelligencer / Madlen Read

CEOs, famous investors hit hard by market plunge AP via Seattle Post Intelligencer / Rachel Beck

10 economic challenges for new president San Francisco Chronicle / Kathleen Pender

Economist recommends 'Social Security for the Young' Dallas Morning News / Scott Burns

Obama and McCain Campaign in Swing States as Race Nears Close Bloomberg / Ken Fireman

Bonds Require Sleuthing Wall Street Journal / Paulette Miniter

Payrolls Probably Fell, Factories Shrank: U.S. Economy Preview Bloomberg / Bob Willis

Worst job losses since March 2003 predicted Marketwatch / Ruth Mantell

What happens if we quit spending? LA Times via Allentown Morning Call / David Lazarus

ETFs suffer asset declines, closures Marketwatch / John Spence

OPEC chief says cuts will take a while to raise prices Marketwatch

Suffering economy needs votes with care Pittsburgh Post Gazette / Jack Markowitz

It's not just a tricky economy that the next US president will have to navigate Independent / Hamis McRae

Boeing Machinists to Return to Work Today, Ending 8-Week Strike Bloomberg / Susanna Ray

Fund Managers Now Well-Versed in the Language of Loss Washington Post / Steven Mufson

Goldman Sachs Brass Still Living In The Past NY Post / Terry Keenan

RBS set to write off billions in overhaul Guardian – Observer / Ruth Sunderland and Heather Stewart

Remember credit unions? They still offer an alternative Allentown Morning Call / Gregory Karp

Discord on Economies In a World Of Trouble Washington Post / Steven Mufson, Mary Jordan and Edward Cody

UK: Bank likely to cut rates by full percentage point Guardian – Observer / Heather Stewart

UK: The rate cut you won't see: Bank set to slash interest by up to 1% Independent / Simon Evans, Jesse Loncraine and Julian Knight


Neither a borrower nor a lender be Marketwatch / Irwin Kellner

Welcoming winter Marketwatch / Mark Hulbert

Sysco reports growth despite sluggish economy Houston Chronicle / David Kaplan

History and high anxiety as Campaign '08 closes AP via Washington Post / Calvin Woodward

Candidates make final pushes on Election Day eve Marketwatch / Robert Schroeder

Election '08; Could Dems sweep? / Pamela M. Prah

Former Fed hawk says inflation risk 'vaporized' Reuters / Alister Bull

Yahoo, Google revise deal in hopes of approval: source Washington Post / Diane Bartz and Anupreeta Das

Viacom earnings drop 37 percent; ad slump hurts Reuters / Paul Thomasch

For Telecoms, Some Signals Of Distress Washington Post / Cecilia Kang

Obama set to make voting history Christian Science Monitor / Linda Feldmann

Euro economy likely in recession AP via Detroit News / Aoife White

U.S. will likely pay up on big bond sales – eventually Marketwatch / Laura Mandaro and Deborah Levine

Treasurys up amid more proof of weak economy Marketwatch / Deborah Levine

U.S. to Borrow Record This Quarter to Finance Deficit Bloomberg / Rebecca Christie and John Brinsley

U.S. Auto Sales Tumble; Month Was Worst Since 1945, GM Says Bloomberg / Bill Koenig

Stocks trade in narrow range ahead of election AP via Seattle Times / Tim Paradis

Construction spending falls CNN / Lara Moscrip

Fed Says Banks Tighten Loan Standards Most on Record Bloomberg / Craig Torres

Gold fails to shine despite global economic crisis AP via Seattle Post Intelligencer / Stevenson Jacobs

Oil falls below $64 a barrel as demand concerns prevail Marketwatch / Myra P. Saefong & Polya Lesova

Bernanke's Fed Chasing Down the Global Infection Bloomberg / William Pesek

U.S. ISM Manufacturing Index Dropped to 26-Year Low Bloomberg / Bob Willis

Manufacturing sector shrinks further in October: ISM Reuters

Are tax credits welfare? CNN / Tami Luhby

FL: Landlords working hard to keep tenants Miami Herald / Rochelle Broder-Singer

Tis the Season for Some Retailers to Go Bankrupt, Liquidate Bloomberg / Tiffany Kary and Christopher Scinta

Circuit City closing 155 stores, several here AP via Chicago Tribune

GM, Ford, Chrysler Shut Out of Auto-Bond Market for Fifth Month Bloomberg / Sarah Mulholland and Caroline Salas

Oil slips, despite firming stock markets AP via Houston Chronicle / George Jahn

Dollar Libor Falls to Lowest Since Lehman Failure on Rate Cuts Bloomberg / Anchalee Worrachate

French trade their bistros for Big Macs in recession Bloomberg via Chicago Tribune

Australian Manufacturing Index Slumps to Record Low in October Bloomberg / Jacob Greber

The global economic recession is a time of opportunity for some Taipei Times / J. Bradford DeLong



Economic troubles await President-elect Obama USA Today / Sue Kirchhoff and Barbara Hagenbaugh

Obama sweeps to victory on mantle of change Marketwatch

44's top job: Name Treasury Secretary CNN / Chris Isidore

Election Marred by Long Lines, Machine Breakdowns, False Fliers Bloomberg / James Rowley

Predicting the outcome of the American election in 2012 The Economist

McCain Gains 2 Early States, Obama Claims Vermont Bloomberg / Kristin Jensen and Catherine Dodge

Stocks surge as investors anticipate yearend rally AP via Minneapolis Star Tribune

Survey: Consumers wary of falling gasoline prices Newsday / Tom Incantalupo

Oil, Gold Lead Commodity Surge on Election Day Drop in Dollar Bloomberg / Millie Munshi

Loonie surges more than 2 cents Globe and Mail / Virginia Galt

Review and Preview Morgan Stanley / Ted Wieseman

Treasury 2-Year Notes Fall on Stock Gains, Outlook for Supply Bloomberg / Sandra Hernandez and Anchalee Worrachate

Gasoline falls below $2 in places, lowest since Feb. 2007 USA Today / James R. Healey

Oil Rises More Than $5 as Dollar Drops, Stock Markets Advance Bloomberg / Mark Shenk

The Current State of the U.S. Economy and the Fed’s Response Federal Reserve Bank of Dallas / Richard W. Fisher

Looking Behind the Aggregates: A Reply to: Facts and Myths about the Financial Crisis of 2008 Federal Reserve Bank of Boston

Dallas Fed chief Fisher: Inflation pressures have disappeared Bloomberg via Dallas Morning News

2009: Year of the thaw Money via CNN / Janice Revell

Factory Orders in the U.S. Slide More Than Forecast Bloomberg / Shobhana Chandra

U.S. Stocks Advance; MasterCard, ADM, General Electric Rise Bloomberg / Elizabeth Stanton

Stocks rally ahead of US election AP via Seattle Post Intelligencer / Sara Lepro

Tuesday’s Analysis / Marty Chenard

Transitions From Bear Markets To Bull Markets Ciovacco Capital Management / Chris Ciovacco

JPMorgan, UBS, RBS Expect Difficult Financial Markets Bloomberg / Elena Logutenkova and Jon Menon

Retailers worried holiday sales could end in red Chicago Tribune / Sandra M. Jones

Money-Making Will Start Now With Touch of Skepticism Bloomberg / Joe Mysak

The end of the ride The Economist

Democrats Poised for Record Gains in U.S. House, Senate Voting Bloomberg / Jonathan D. Salant

Britain Can't Spend Its Way Out of This Recession Bloomberg / Matthew Lynn

Economic gloom descends on EU Globe and Mail / Brian Milner

Mark-to-market manipulation Marketwatch / David Weidner

Prez candidates clash on key tax, spend choices Baltimore Sun / Jay Hancock

As Political Climate Changes, Appointees Begin Burrowing In Washington Post / Joe Davidson

Oil prices fall to near $63 as US woes mount AP via Palm Beach Post / Stephen Wright

As China's Losses Mount, Confidence Turns to Fear Washington Post / Ariana Eunjung Cha

Wanted: next growth engine for US economy Christian Science Monitor / Mark Trumbull

Treasuries Little Changed; Report May Show Factory Orders Fell Bloomberg / Wes Goodman

Australia Cuts Key Interest Rate by 75 Basis Points to 5.25% Bloomberg / Jacob Greber


Shanghai index hits 2-year low, banks lead declines Marketwatch / Chris Oliver

Yahoo CEO to Microsoft: Make us another offer AP via Seattle Post Intelligencer / Michael Liedtke

Goldman Sachs laid off thousands this week: sources Reuters / Joseph A. Giannone

Every president says he will unite America. Can Barack Obama do so? The Economist

Newspapers grabbed up after Obama's historic win Reuters

Where your identity is more likely to be stolen The Economist

Credit Card Bond Sales at Zero, First Time Since 1993 Bloomberg / Sarah Mulholland

Not earning much on Treasury bills? Get used to it AP via Houston Chronicle / Madlen Read

What happens to Sarah Palin now? Reuters / Steve Holland

Election Rally Erased And Then Some Forbes / Steve Schaefer

Dow sheds 486 points CNN / Alexandra Twin

News Corp. profit off 30 percent, slashes outlook AP via Houston Chronicle / Ryan Nakashima

Decline in diners takes bite out of Morton Steakhouse earnings AP via Chicago Tribune / James P. Miller

Whole Foods 4Q profit plunges on Wild Oats costs AP via Houston Chronicle / Sarah Skidmore

Sara Lee crushes third-quarter estimates but that's not good enough for investors Chicago Tribune / Mike Hughlett

Yahoo back in hot water after Google pulls out of partnership LA Times / Jim Puzzanghera and Jessica Guynn

Cisco sees second-quarter revenue down as economic woes spread Reuters / Ritsuko Ando

Top challenge: Jobs CNN / Chris Isidore

Jobs take a beating CNN / David Goldman

U.S. services sector shrinks sharply – ISM Reuters via Globe and Mail

Treasury to resurrect 3-year note Reuters

Wednesday’s Analysis / Marty Chenard

U.S. Stocks Drop on Economic Concern; Nucor, Transocean Retreat Bloomberg / Elizabeth Stanton

Oil prices slide on weaker demand worries AP via Houston Chronicle / George Jahn

Obama urged to shape new economic order Reuters / Keith Weir

A Clear Mandate For Obama Forbes / Brian Wingfield

Text of Barack Obama's speech AP via Miami Herald

Fall in eurozone retail sales BBC News

Obama Victory Provokes Trade Worries In Asia Forbes / Tina Wang

Dollar Gains Against Euro After Obama Victory in U.S. Election  Bloomberg / Stanley White

Libor's Biggest Drop Fails to Match Fed Rates, Spur Bank Loans Bloomberg / Gavin Finch

Treasuries Fall as Asian Stocks Gain, Money Market Rates Slide Bloomberg / Wes Goodman

Wall Street and Obama Marketwatch / Mark Hulbert

What Obama stands for on economy CNN / Jeanne Sahadi

Obama Leveraged Record Fundraising, Spending to Defeat Rivals Bloomberg / Jonathan D. Salant

Obama May Spend on Highways, Bridges to Stimulate U.S. Economy Bloomberg / Angela Greiling Keane

New president’s challenge will be to restore traditional American values Telegraph / Jeff Randall

Obama Wins Election as First Black President, Networks Project Bloomberg / Ken Fireman and Kristin Jensen

NY: Office Tenants Flee Manhattan Rents for Brooklyn NY Times / J. Alex Tarquinio

Confronting the fear gripping the world’s faltering economies Taipei Times / Dominique Strauss-Kahn

EU finance ministers to present regulatory plan to G20 summit London Times / Gary Duncan and Sam Coates

Bear market has ended, says Morgan Stanley Independent / Mathieu Robbins

Australia's Trade Surplus Unexpectedly Widens on Coal Bloomberg / Jacob Greber


Atlanta Fed Discontinues Dollar Index Federal Reserve Bank of Atlanta

The great untangling The Economist

What are covered bonds? Federal Reserve Bank of Chicago / Richard J. Rosen

Sectoral vs. Aggregate Shocks: A Structural Factor Analysis of Industrial Production Federal Reserve Bank of Richmond / Andrew Foerster, Pierre-Daniel G. Sarte, Mark W. Watson

Dollar Saw Large Increase in October Federal Reserve Bank of Atlanta

Camelot-inspired memories may mislead Marketwatch / Mark Hulbert,

Markets Need Time, Not More Poison Ludwig von Mises Institute / Robert P. Murphy

What Obama could do for states / Stephen C. Fehr

California Budget Deficit Balloons to $11.2 Billion Bloomberg / Michael B. Marois

The Promise and Peril of the New Financial Architecture Federal Reserve Board / Kevin Warsh

Fed's Warsh: U.S. economic growth looks weak in fourth quarter Reuters

Mounting job losses fueling foreclosures CNN / Les Christie

Disney's profit falls, predicts tough times ahead AP via USA Today

Wall Street sinks on retail sales, Disney drops late Reuters / Leah Schnurr

U.S. Stocks Tumble in Market's Worst Two-Day Slump Since 1987 Bloomberg / Lynn Thomasson

Tomorrow’s Big Number: 1Million Jobs Lost This Year NY Post / John Crudele

Fidelity to cut nearly 1,300 jobs CNN / Aaron Smith

How the race was won The Economist

Emanuel Accepts Position as Obama's Chief of Staff Bloomberg / Michael Tackett

The race to zero The Economist

Europe Hopes for Change Daily Standard / Irwin M. Stelzer

Lending expands in nervous market CNN / David Goldman

Bond prices fall on pending supply concerns Reuters / Chris Reese

U.S. 30-year mortgage rates fall in latest week Reuters

Corporate Profits: Global Recession Intensifies Downside Risks Morgan Stanley / Richard Berner

October sales show consumers are spooked Marketwatch / Angela Moore

Weekly jobless claims dip slightly; long-term claims jump to highest level in over 25 years AP via Orlando Sentinel / Christopher S. Rugaber

Red Ink Rising: Volatile Week Continues Investors Business Daily / Alan R. Elliott

Oil nears $60 a barrel AP via Globe and Mail / John Porretto

Gold falls on dollar amid slumps in stocks, crude Marketwatch / Moming Zhou

Hedge fund results seen going from bad to worse Reuters / Joseph A. Giannone and Svea Herbst

The trouble with mutual funds CNN / Allan Chernoff

Merrill's Thain May Receive $5.2 Million in Takeover Bloomberg / David Mildenberg

Emanuel Accepts Obama Chief of Staff Position, Associates Say Bloomberg / Michael Tackett

U.S. Stocks Decline on Earnings; Cisco, News Corp. Shares Drop Bloomberg / Lynn Thomasson

Thursday’s Analysis / Marty Chenard

Obama May Inherit Bull Market After $6 Trillion Loss Bloomberg / Michael Tsang and Whitney Kisling

Jobless claims higher than expected CNN / Lara Moscrip

October retail sales disappoint as shoppers pull back Reuters / Nicole Maestri

Britain slashes interest rates, ECB also cuts Reuters / Ralph Boulton

Britain Makes Bold Rate Move Forbes / Parmy Olson

Hotels expect a restless 2009 as revenues decline Boston Herald / Donna Goodison

Treasuries Little Changed; Reports May Show Weaker Jobs Market Bloomberg / Wes Goodman

Typing Without Touch Washington Post / Rob Pegoraro

Dollar weakness could undermine Obama's plans Independent / Jeremy Warner

Citigroup, Goldman Said to Begin Firing Staff as Economy Slows Bloomberg / Josh Fineman and Christine Harper

Three in the ring for Treasury secretary FT / Krishna Guha

Hefty cut in UK rates predicted BBC News

Asian Stocks Fall on Earnings Concerns; News Corp., Isuzu Drop Bloomberg / Kyung Bok Cho

Euro Falls on Speculation ECB Will Cut Rates to Bolster Economy Bloomberg / Stanley White and Daniel Kruger

ECB to Cut Rates as Economic Slump Calls for `Radical Action' Bloomberg / Christian Vits



Toward a Durable Recovery Federal Reserve Bank of Atlanta / Dennis P. Lockhart

The Mortgage Meltdown, Financial Markets, and the Economy Federal Reserve Bank of San Francisco

Berkshire reports 77 percent drop in 3Q earnings AP via Forbes / Josh Funk

Stocks close day sharply higher, pare weekly slide Marketwatch / Kate Gibson

The Reagan Counterrevolution Euro Pacific via Safehaven / Peter Schiff

Obama speaks with 6 world leaders AP via Forbes

Obama's Economic Plan Forbes / Brian Wingfield and Liz Moyer

Why the jobs report is so ominous Fortune via CNN / Anthony Karydakis

U.S. Consumer Credit Rose in September After Drop Bloomberg / Vincent Del Giudice

U.S. Treasury Opens Probe Seeking Improper Trading Bloomberg / Rebecca Christie and Vincent Del Giudice

Homebodies Take On Joads in U.S. Real-Estate Bust Bloomberg / Joe Mysak

CA: Homeowners overpaying property taxes San Diego Union Tribune / Mike Freeman

Americans losing confidence in the Fed: survey Reuters

Job loss figures to keep going up AP via Allentown Morning Call / Jeannine Aversa

Down and Out in Beverly Hills: Rolexes, Picassos Hit Pawnshops Bloomberg / Michael Janofsky

Huge job losses signal a shrinking economy Christian Science Monitor / Ron Scherer

Friday’s Analysis / Marty Chenard

Indexes Turn & Run Higher, But Minus Volume Investors Business Daily / Alan R. Elliott

GM shares fall 13% on quarterly loss, sales drop Marketwatch / Shawn Langlois

Ford loses $129 million, burns $7.7 billion cash, to cut 2,260 jobs AP via Pittsburgh Post Gazette / Tom Krisher and James Prichard

GM burns $6.9 billion in cash, to cut costs Reuters

Heavy Job Losses Cannot Derail Rally / Mark Glassman

Stocks higher despite jobs report AP via Houston Chronicle

Forget Corn: Mushrooms May Hold Key to Energy Crisis Bloomberg / Frances Schwartzkopff

Euro Wreckage? A Remix Morgan Stanley / Joachim Fels

Surviving the crash The Economist

Gold rebounds on weakening dollar Marketwatch / Moming Zhou

Dollar Falls Versus Euro as U.S. Loses More Jobs Than Forecast Bloomberg / Jamie McGee

Non-Farm Payrolls: October Collapse Merk via Safehaven / Joseph Brusuelas

Job losses mount: 1.2 million in '08 CNN / David Goldman

Job losses soar, jobless rate at 14-year high Reuters / Glenn Somerville

U.S. Jobs Even Weaker Than Feared Forbes / Maurna Desmond

Agency Predicts a Return of Triple-Digit Oil Prices NY Times / Jad Mouawad

Hospitals See Drop in Paying Patients NY Times / Reed Abelson

Treasuries Set for Weekly Gain; U.S. May Report More Job Losses Bloomberg / Wes Goodman

Treasury Is Working To Widen the Rescue Washington Post / David Cho, Peter Whoriskey and Neil Irwin

Obama Voters Favor Compromise on Offshore Drilling, Poll Finds Washington Post / Steven Mufson and Jon Cohen

Proceed With Care, Mr. Obama NY Times / Floyd Norris

Losses Mount, Fears Overwhelm, and a Life-Ending Decision Is Made NY Times / Landon Thomas, Jr.

Once Sizzling, China’s Economy Shows Rapid Signs of Fizzling NY Times / David Barboza

UK: Bank's great rate gamble Guardian / Patrick Wintour and Ashley Seager

UK: Only a lucky few homeowners likely to feel the full effect of rate cut London Times / James Charles and David Budworth

Crude Oil Falls Below $60 in New York, Lowest Since March 2007 Bloomberg / Christian Schmollinger

Euro, Pound Extend Losses After Europe Central Banks Cut Rates Bloomberg / Stanley White

Bank of Korea Lowers Interest Rates for Third Time in a Month Bloomberg / William Sim


Treasuries Post Gain Amid Mounting Signs of Economic Weakness Bloomberg / Dakin Campbell and Sandra Hernandez

Credit Suisse shuts down bond fund Marketwatch / Shawn Langlois

Obama Will Need 18 Months to Turn Economy Around, Stiglitz Says Bloomberg / Dawn Kopecki

Democrats plead automakers' case to Treasury Marketwatch / Shawn Langlois

G-20 Discusses More Interest-Rate Cuts, Flaherty Says Bloomberg / Ben Sills and Greg Quinn

Layoffs hit every corner CNN / Aaron Smith

Parents pull kids from day care as money tightens AP via Houston chronicle / Don Babwin

Wiley Coyote Suspended in Air Over a Canyon QVM via Safehaven / Richard Shaw

U.S. Stocks Drop as Jobs, Profit Data Heighten Economic Concern Bloomberg / Jeff Kearns

Why Obama Will Be Worse Than Bush Lew Rockwell / William Norman Grigg

Bush, Obama focus on economy in radio addresses AP via Forbes

Obama Is Seen Inheriting Worst U.S. Recession Since Reagan Era Bloomberg / Bob Willis

OPEC may cut oil output further AP via CNN

Vermont Bank Thrives While Others Cut Back NY Times / Katie Zezima

IL: Trading on the Obamas AP via Allentown Morning Call / Carla K. Johnson

G-20 Urges Coordinated Stimulus to Ease Impact of Global Slump Bloomberg / Ben Sills


Not just a safe haven: Bonds' yields appeal Washington Post via Dallas Morning News / Nancy Trejos

Pre Christmas Cuts May Lead To 09’ Deflation NY Post / Terry Keenan

Worst retail sales trend since 1974 expected Marketwatch / Ruth Mantell

Pawnshops doing brisk business USA Today / Judy Keen

Preferred shares find favor Marketwatch / John Spence

Star performer relies on the stars Marketwatch / Peter Brimelow

Crisis chips at faith in stocks Chicago Tribune / Walter Hamilton and Ronald D. White

Why banks are boosting credit card interest rates USA Today / Kathy Chu and Byron Acohido

Fire your mutual fund manager Dallas Morning News / Scott Burns

Obama's New Deal v. the US Economy Brookes News via Safehaven / Gerard Jackson

China announces $586-billion stimulus plan Globe and Mail / Heather Scoffield

Worst retail sales trend since 1974 expected Marketwatch / Ruth Mantell

Foreclosures Pick Pockets of Homeowners Associations Washington Post / Elizabeth Razzi

Economic powers agree on need to boost growth Reuters / Todd Benson and Krista Hughes

Short-sellers: We're not jackals, just bears Bloomberg via Seattle Times / Kambiz Foroohar

Congressional Democrats Say Economy Will Be First Priority Washington Post / Paul Kane and Lori Montgomery

How the Thundering Herd Faltered and Fell NY Times / Gretchen Morgenson

Obama backs crackdown on tax havens Guardian / Nick Mathiason and Heather Stewart

Just What This Downturn Demands: A Consumption Tax NY Times / Robert Frank

It’s a Time to Listen, and to Obey the Laws of Arithmetic NY Times / N. Gregory Mankiw

UK: Has the Bank saved the day? Guardian / Heather Stewart and Heather Connon

UK: Jobless figures to increase sharply Guardian / Heather Stewart

How I bought a foreclosed house LA Times / Peter Y. Hong



Homeowners cling to false optimism about own home AP via San Diego Union Tribune /  J.W. Elphinstone

Sun to help old foe Microsoft get search traffic AP via Minneapolis Star Tribune

DHL to cut 9,500 jobs, discontinue domestic service Newsday / Gary Dymski

Are jobless next to need a bailout? Christian Science Monitor / Ron Scherer

U.S. economy expected to contract in 2009 Marketwatch / Rex Nutting

Oil falls 3 pct to $60 as dollar gains, gloom persists Reuters via Washington Post

Cell phone shopping makes wallets redundant in Japan Reuters via Washington Post / Sachi Izumi

Google: Down 55% for the year AP via CNN

A new way to transfer cash Marketwatch / Gail Liberman and Alan Lavine

Australian business confidence at record low Marketwatch / Chris Oliver

Hopes for the Future Texas Str5aight Talk via Safehaven / Ron Paul

Starbucks Profit Falls as Consumers Cut Back on Cafe Visits Bloomberg / Duane D. Stanford

Recession fear batters Wall Street CNN / Alexandra Twin

U.S. Stocks Retreat as Earnings Concern Overshadows Stimulus Bloomberg / Lynn Thomasson

Government to Grant AIG New, Larger Bailout Washington Post / Carol D. Leonnig

Oil prices swing wildly as Dow rally fails AP via Globe and Mail / Dirk Lammers

Canadian dollar soars, then dives CP via Globe and Mail

China seeks stimulation The Economist

Treasuries Advance After $25 Billion Auction of 3-Year Notes Bloomberg / Sandra Hernandez

Applied Materials downgraded on solar concerns Marketwatch / Benjamin Pimentel

GE and the triple-A -- investors fret Reuters / Scott Malone

GM shares hit 60-year low on downgrade AP via CNN

Dish Network 3rd-quarter profit slides 54 percent AP via Modesto Bee / Deborah Yao

Monday’s Analysis / Marty Chenard

Circuit City, Electronics Retailer, Seeks Bankruptcy Bloomberg / Mark Clothier and Dawn McCarty

Why auto executives are ruling out going bankrupt Detroit Free Press / Justin Hyde

Dallas-Fort Worth home sales post steep decline Dallas Morning News / Steve Brown

Bear Stearns Risk Manager to Guard New Henhouse Bloomberg / Caroline Baum

Bonus Jackpot Can Be Yours in Five Easy Steps Bloomberg / Michael Lewis

Oil nears $63 on higher stock markets AP via Houston Chronicle / Dirk Lammers

Fed Defies Transparency Aim in Refusal to Identify Bank Loans Bloomberg / Mark Pittman, Bob Ivry and Alison Fitzgerald

Say it with me: Bonds are a good thing USA Today / Matt Krantz

Yield Curve May Steepen to Record as Recession Favors Two-Years Bloomberg / Dakin Campbell and Liz Capo McCormick

Fitch lowers credit outlook on emerging economies AP via Houston Chronicle / Kelly Olson

Lenovo Shares Fall to 9-Year Low After Rating Cut Bloomberg / Mark Lee

Asian Stocks Climb on China's $586 Billion Stimulus Package Bloomberg / Patrick Rial and Chua Kong Ho

Aide: Middle-Class Tax Cut a Priority Washington Post / Michael A. Fletcher

A Quiet Windfall For U.S. Banks Washington Post / Amit R. Paley

What Crisis? Some Hedge Funds Are Gaining NY Times / Louise Story

Crude Oil, Metals Rise as China Unveils Growth Support Package Bloomberg / Christian Schmollinger and Gavin Evans

Oil up 4 percent Reuters via Washington Post / Fayen Wong

Yen Falls on Speculation China Stimulus Will Boost Carry Trades Bloomberg / Ron Harui and Stanley White

G-20 Says Its Ready to Urgently Boost Growth, Stimulus Needed Bloomberg / Ben Sills and Shamim Adam

British prices are a bargain for eurozone shoppers London Times / Fiona Hamilton

UK: High streets may be ghost towns after recession ends London Times / Steve Hawkes

Japanese Machinery Orders Slide 10.4%, Matching Record Decline Bloomberg / Jason Clenfield


A handful of Senate seats still up for grabs The Economist

School districts caught in a squeeze USA Today / Greg Toppo

Stores See Surge in Applicants for Holiday Help AP via ABC News / Anne D’Innocenzio

Getting it right and still losing Marketwatch / Mark Hulbert

GM closes under $3 - first time since '46 CNN / Aaron Smith

CMS teacher faces firing for Facebook comment Charlotte Observer / Ann Doss Helms

U.S. Stocks Drop on Concern Over Worsening Economy; GM Slumps Bloomberg / Lynn Thomasson

Brothers in arms The Economist

Pelosi backs emergency assistance for automakers AP via Houston Chronicle / David Espo

White House Denies Bush Pushed for Trade Agreement in Meeting With Obama Washington Post / Michael Abramowitz

Government Announces New Program for At-Risk Mortgages Washington Post / Zachary A. Goldfarb, Renae Merle and David Cho

Obama Extends Ban on Lobbyist Donors to Presidential Transition Bloomberg / Jonathan D. Salant and Kristin Jensen

Bonuses for Wall Street Should Go to Zero, U.S. Taxpayers Say Bloomberg / Christine Harper

Wall Street's recession jitters CNN / Alexandra Twin

Federal Reserve Events Reuters

Consumers Don't Cause Recessions Ludwig von Mises Institute / Robert P. Murphy

US chain store sales fall -1.0 last week-Redbook Reuters

Jittery consumers weigh spending vs. saving Pittsburgh Post Gazette / Teresa F. Lindeman

Overseas outsourcing heats up again CNN / Emily Maltby

The Sham-Ful Jobe Report Needs Obama’s Attention NY Post / John Crudele

A Recipe for the Next Great Depression Lew Rockwell / Thomas J. DiLorenzo

Crude below $59 a barrel for first time since 2007 Bloomberg via Houston Chronicle

Chinese trade surplus hits record BBC News

Ruble Devaluation Concern Triggers 13% Plunge in Russian Stocks Bloomberg / Laura Cochrane and Emma O'Brien

Fund industry braces for deep job cuts Reuters / Jason Szep

Tuesday’s Analysis / Marty Chenard

Stocks slump on recession woes CNN

Laid off? No, you've been 'simplified' Fortune via CNN / Yi-Wyn Yen

Steakhouse sales suffer in slow economy Cincinnati Enquirer / John Eckberg

FL: Inventory of homes for sale is shrinking, but not fast enough Orlando Sentinel / Paul Owers

Gold futures surrender 2% in broad metals pullback Marketwatch / Polya Lesova

Democrats Eye Bush Midnight Regulations Washington Post / Cindy Skrzycki

Local Banks Feel Left Out Boston Herald / Jay Fitzgerald

Get out there and spend Marketwatch / Irwin Kellner

So many in bankruptcy, so many sharing stain St. Petersburg Times / Robert Trigaux

Has the bear's appetite been satisfied? Marketwatch / Mark Hulbert

GM's Skid Quickens as Crunch, Slowing Sales Threaten Bankruptcy Bloomberg / Mike Ramsey

Buying Euro, Australian Dollar Is a `Value Trap,' Barclays Says Bloomberg / Candice Zachariahs

China's Inflation Slows, Giving Room for Rate Cuts Bloomberg / Nipa Piboontanasawat

Australia's Economy Faces First Recession Since 1990 Bloomberg / Jacob Greber

Citi Will Halt Some Foreclosures, Rework Mortgages Bloomberg / Elizabeth Hester

Citigroup Offers to Ease Mortgage Terms NY Times / Eric Dash

Asian Stocks Fall as Earnings Outlook Worsens; Confidence Drops Bloomberg / Patrick Rial and Kyung Bok Cho

We can kick start the economy with cash, Brown urges world leaders London Times / Phillip Webster

UK: It's tough reflating the economy when there's no money Independent / Jeremy Warner


Stocks now lag T-bills for the trailing 12-year period Marketwatch / Mark Hulbert

Oil falls to $55 as bad US economic news heightens fears of severe recession AP via Chicago Tribune / Alex Kennedy

Intel's shock warning sounds alarm for tech sector Reuters

Long Island barely avoiding recession Newsday / Randi F. Marshall and Emi Endo

Chief executives' pay at the biggest companies in Europe and America The Economist

Dow sinks 661 points in 3 days CNN / Ben Rooney

Productivity and Innovation in Financial Services Federal Reserve Board / Donald L. Kohn

Interagency Statement on Meeting the Needs of Creditworthy Borrowers Federal Reserve Board

NY Fed endorses recommendations on failed UST trades Reuters

Hedge funds lose $100 billion in assets AP via CNN

Could Bank Rules End the Fair Value Debate? / Marie Leone

Oil settles at 21-month low on demand jitters CNN / Lara Moscrip

Treasury's Warning Adds to Plunge in Failed Trades, People Say Bloomberg / Rebecca Christie and Liz Capo McCormick

Treasuries Advance as Stocks Fall, Paulson Scraps Asset Buying Bloomberg / Sandra Hernandez and Cordell Eddings

U.S. Pressures Banks to Lend, Warns on Dividends Bloomberg / Scott Lanman and Alison Vekshin

U.S. Stocks Fall on Best Buy Forecast, Treasury Strategy Shift Bloomberg / Lynn Thomasson

Stocks beaten down by changes in bailout plan, concerns over consumer spending, economy AP via Chicago Tribune / Sara Lepro

Office holiday parties are getting downsized AP via San Diego Union Tribune / Jennifer Peltz

In shift, bailout won't buy bad debt AP via Detroit Free Press / Martin Crutsinger

Recession Deniers Peddled the Same Lame Excuses Bloomberg / Caroline Baum

Best Buy: 'Most difficult climate we've ever seen' CNN / Parija B. Kavilanz

Stocks set for a lower open CNN

No mere coffee talk Denver Post / Al Lewis

Wednesday’s Analysis / Marty Chenard

Bad Cisco News Awful For Economy Forbes / Martin T. Sosnoff

Best Buy Cuts Annual Profit, Sales Forecasts on Slump Bloomberg / Brad Skillman

Two-year Treasury yields reach lowest since 2003 as stocks fall Marketwatch / Deborah Levine

Gold futures fall for a second day Marketwatch / Polya Lesova

Sterling slips as BOE signals more cuts Marketwatch / William L. Watts

U.S. Slump May Be Longest in Decades as Growth Fell Off `Cliff' Bloomberg / Bob Willis and Kristy Scheuble

A tough turnaround is coming, but don't despair Marketwatch / Todd Harrison

Salt prices put states in a pinch / Amanda DeBard

Fed Said to Seek Oversight of Credit-Default Swap Clearinghouse Bloomberg / Matthew Leising

Treasuries Rise as Stocks Slide; 2-Year Yield Lowest Since 2003 Bloomberg / Wes Goodman

Feds, banks to cap mortgage bills for some owners Boston Herald / Jerry Kronenberg

Why Palin should be Time's pick as the POY Marketwatch / Jon Friedman

Lobbyists Swarm the Treasury for a Helping of the Bailout Pie NY Times / Mark Landler

Asian Stocks Drop to a Two-Week Low; Inpex, Fortescue Decline Bloomberg / Patrick Rial and Masaki Kondo

Oil hovers near $59 as slowdown squeezes demand Reuters via Guardian

Oil Prices Drop to 20-Month Low NY Times / Jad Mouawad

Even Law Firms Feel Strain of Layoffs and Cutbacks NY Times / Jonathan D. Glater

China's Retail Sales Rise 22%, Help to Counter Crisis Bloomberg / Nipa Piboontanasawat

UK: 4,000 jobs go in a day as recession bites London Times / Gráinne Gilmore, Philip Webster and Christine Buckley



The corporate-bond market is discounting very bad news The Economist

Mortgage Bonds Tumble for Second Day After U.S. Scraps Buying Bloomberg / Jody Shenn

Munis Extend Longest Gain in Four Months as New York Borrows Bloomberg / Jeremy R. Cooke

Sagging economy may lead to some great bargains Cox News via Modesto Bee / Bill Husted

Wall Street rebounds from selloff, sending major indexes up over 6 pct ahead of G-20 meeting AP via Newsday / Madlen Read and Joe Bel Bruno

Depressing times The Economist

The euro may not be quite as safe a haven as enthusiasts are claiming The Economist

Reflating the dragon The Economist

Traders Bet Against OPEC, Buy $30 February Oil Put Options Bloomberg / Margot Habiby

Plosser cautions against expanding Fed's mission Marketwatch / Rex Nutting

Fed's Stern says crisis shows urgent reform need Reuters / Ros Krasny

Some Thoughts on the Economy and Financial Regulatory Reform Federal Reserve Bank of Phladelphia / Charles I. Plosser

Too big to fail: the way forward Federal Reserve Bank of Minneapolis / Gary H. Stern

November 2008 New England Economic Indicators pdf Federal Reserve Bank of Boston

Retailers see sales slide - holiday outlook dim Sam Francisco Chronicle / Victoria Colliver

After the bank bail-out, it is now Detroit’s carmakers who are pleading for help The Economist

Stocks stage late rally CNN / Alexandra Twin

Bush defends American capitalism as G20 gathers for summit Marketwatch / Greg Robb

More rabbits from the hat The Economist

After the fall The Economist

The world will use more renewable sources to produce electricity The Economist

Tarp Toxic Shock: Prez Hank Drums Up A Plan ZZZZZZZ NY Post / John Crudele

The Worst Is Not Behind Us Forbes / Nouriel Roubini

Jobless claims highest since Sept. 11 attacks CNN / Lara Moscrip

U.S. Jobless Claims Reach Seven-Year High of 516,000 Bloomberg / Bob Willis

U.S. Trade Deficit Fell on Decline in Fuel Imports Bloomberg / Timothy R. Homan

America's 'epic shopping spree is over' AP via Journal News / Anne D’Innocenzio

Home foreclosures jump 24% in Illinois Chicago Tribune

U.S. Corporate Bonds Sold in October Rally in Sign of Recovery Bloomberg / Gabrielle Coppola

Credit-Crunch Villains Pass the Buck, Party On Bloomberg / Mark Gilbert

Thursday’s Analysis / Marty Chenard

Why GM can't survive bankruptcy CNN / Chris Isidore

Wal-Mart posts higher 3Q profit, but cuts outlook AP via Seattle Post Intelligencer / Anne D’Innocenzio

Recession Hits Germany Forbes

Canada: The economics behind the sacred baby bonus Globe and Mail / Konrad Yakabuski

Pound's fall continues to $1.48 BBC News

Treasuries Rise After Asian Stocks Fall, Intel Cuts Forecast Bloomberg / Wes Goodman

Gold May Exceed $1,000 in Three Years, Morgan Stanley Says Bloomberg / Glenys Sim

Congressmen Join Investors Pressing Fed for Lending Disclosure Alison Fitzgerald

Wall Street has that 1929 feeling  Marketwatch / David Weidner

Retailers see more returns, some loosen policy Reuters

The Unemployed Could Use a Hand, Too Washington Post / Michelle Singletary

Foreclosures up 25 percent from year ago: RealtyTrac Reuters

A New World Financial Order Lew Rockwell / Jacob Steelman

GOP Should Ask Why U.S. Is On the Wrong Track Lew Rockwell / Ron Paul

Obama's energy fixes run up against economy Marketwatch / Laura Mandaro

Bush Warns Against Dismantling Market Systems to Solve Crisis Bloomberg / Simon Kennedy and Holly Rosenkrantz

UK: Economy faces sharpest downturn for 30 years London Times / Gary Duncan

UK: Bank chief warns of deep recession Guardian / Larry Elliott and Ashley Seager

Asian Stocks Fall, Extend Global Rout, on U.S. Treasury, Intel Bloomberg / Chua Kong Ho and Masaki Kondo

Goldman Expects Yen to Rise 6% Against Dollar on Carry Unwind Bloomberg / Candice Zachariahs

China Industrial-Output Growth Is Slowest in 7 Years Bloomberg / Nipa Piboontanasawat

BOJ's Nakamura Says Economy May Deteriorate Further Bloomberg / Keiko Ujikane


Fed official warns of new crisis Pittsburgh Tribune Review / Rick Stouffer

Mayors, governors call for more federal funds AP via Augusta Chronicle

Senate will take up $25 billion auto bill Monday AP via Boston Herald

Ben's Battle Against Debt Deflation Forbes / Robert Lenzner

The Humpty Dumpty Economy Euro Pacific via Safehaven / Peter Schiff

U.S. Federal Reserve policy-makers' recent comments Reuters

Bonds priced for Great Depression defaults –Citi Reuters

Billionaires bring a lot to table Chicago Tribune / David Greising

Fidelity to cut 1,700 jobs early next year Marketwatch / John Letzing

Citigroup to cut 10 percent of jobs: source Reuters / Dan Wilchins and Jonathan Stempel

Clinton Said to Be Frontrunner for Secretary of State Bloomberg / Julianna Goldman

Obama names Jarrett senior White House advisor: reports Marketwatch / John Letzing

Wall Street Ends Week On A Down Beat Forbes / Carl Gutierrez

GM failure: The shockwave CNN / Peter Valdes-Dapena

Alternate Universe: No Bailout For GM Forbes / Jerry Flint

GM Collapse at $200 Billion May Exceed Bailout Plan Bloomberg / Alex Ortolani and Mike Ramsey

Retail Apocalypse For Kohl's, Abercrombie Forbes / Tom Reese and Paul Rubillo

Recession reading pressures euro Market Watch / Nick Godt and William L. Watts

Currencies: Consumers Further Erode Retail Payrolls CMC Markets via Safehaven / Ashraf Laidi

FL: Foreclosures speed up across South Florida South Florida Sun Sentinel

Trichet Says ECB Will Restore Confidence as Economy Contracts Bloomberg / Andreas Scholz and Jana Randow

Gold futures rally as much as $47 an ounce Marketwatch / Myra P. Saefong and Polya Lesova

So Much for Buy-and-Hold Advice Business Week / Peter Coy

U.S. Stocks Drop as Retail Sales Slump Spurs Consumer Concern Bloomberg / Elizabeth Stanton

Credit freeze: 2 months after Lehman CNN / David Goldman

Commercial Paper Finds Steady Ground / Stephen Taub

Bernanke: Central banks ready to act if needed Reuters

Policy Coordination Among Central Banks Federal Reserve Board / Ben S. Bernanke

Mortgage rates drop again to 6.14 percent San Diego Union Tribune

Retail sales suffer record drop CNN / Parija B. Kavilanz

Retail sales fall by record 2.8 percent in October Reuters / Alister Bull

Americans Demand Wall Street Bonuses, Bankers' Heads Bloomberg / Joe Mysak

Sun to cut up to 6,000 workers, 18 pct of staff AP via Seattle Post Intelligencer / Jordan Robertson

J.C. Penney 3rd-quarter profit drops 52 percent on lower consumer spending AP via Chicago Tribune

Michigan jobless benefit fund is running out of money Detroit Free Press

Eurozone officially in recession BBC News

State and city budgets falling fast Christian Science Monitor / Ron Scherer

Oil extends gains above $58 on shares rally, OPEC Reuters

Democrats Benefiting From Post-Election Lobby Boom Washington Post / Matthew Mosk

Worst May Be Yet to Come for Citigroup NY Times / Eric Dash

RBS to cut 3,000 jobs worldwide BBC News

Hedge Fund Managers Ask for a Few New Rules NY Times / Louise Story

Ten-Year Treasuries Rise; Report May Show Retail Sales Slumped Bloomberg / Ron Harui

Asian Stocks Gain, Led by Commodity Producers; BHP, Inpex Gain Bloomberg / Kyung Bok Cho and Patrick Rial

Yen Rises on Speculation G-20 Will Fail to Agree on Rescue Plan Bloomberg / Stanley White

Threat of worst postwar slump grows as major economies enter recession London Times / Gary Duncan

UK: BT cuts 10,000 jobs as dole gloom spreads London Times / Lilly Peel

China Factory-Spending Growth Slows, Economy Weakens Bloomberg / Nipa Piboontanasawat


Economy unearths stripper well risks Denver Post / Andy Vuong

Bush: Meltdown could have been worse than Great Depression AP via Newsday

Treasury Two-Year Yields Touch Five-Year Low as Economy Worsens Bloomberg / Dakin Campbell and Cordell Eddings

Gabbing With Google Forbes / Brian Caulfield

Appraisers: Foreclosure sales should affect taxable value formula Bradenton Journal / Carl Mario Nudi

Saudi king: $400 billion investment in oil sector AP via Houston Chronicle

Obama Urges Congress to Make `Down Payment' on Economic Rescue Bloomberg / Vincent Del Giudice

World Leaders Agree to Sweeping Economic Plan Washington Post / Glenn Kessler and Anthony Faiola

G-20 Calls for Action on Growth, Regulatory Changes Bloomberg / Michael McKee and Simon Kennedy

Canada's Harper Says He May Propose Another Stimulus Package Bloomberg / Theophilos Argitis

Tight Times Even Tighter for Charities NY Times / M. P. Dunleavey

Shoppers continue to hold back Chicago Tribune

Spam Turns Serious and Hormel Turns Out More NY Times / Andrew Martin

Global Financial Crisis May Fuel Instability and Weaken U.S. Defenses Washington Post / Joby Warrick

Economy Is Only Issue for Michigan Governor NY Times / Monica Davey and Susan Saulny

The Creditors of Lehman Can Do Little but Wait NY Times / Julia Werdigier

Iran wants OPEC to cut 1.5 million barrels AP via San Francisco Chronicle / ali Akbar Dareini

European Notes Post Eighth Weekly Gain; Region Enters Recession Bloomberg / Gavin Finch

World leaders confront global crisis CNN / David Ellis

Europe in recession, U.S. in pain as world leaders meet Reuters / Bill Rigby

Euro Area Suffers First Recession; Downturn May Turn `Deep' Bloomberg / Fergal O'Brien and Simon Kennedy

Yen Advances as Drop in Stocks Reduces Appeal of Carry Trade Bloomberg / Daniel Kruger and Michael J. Moore

Japan's Notes Complete Weekly Gain as Recession Concerns Deepen Bloomberg / Theresa Barraclough