Bondhead News Archive

November 16 – November 30

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Not a bad weekend’s work The Economist

Obama tries to soothe Wall Street's nerves Marketwatch / Greg Robb

Prices May Have Tumbled as Economy Sank: U.S. Economy Preview Bloomberg / Bob Willis

Are you an idiot to keep paying your mortgage? San Francisco Chronicle / Kathleen Pender

No easy or cheap solution to bail out overextended homeowners St. Louis Post Dispatch / David Nicklaus

Many agents see housing bottom by mid-2009 McClatchy via Sacramento Bee / Andrea Jares

Economic downturn putting a hurt on eBay Chicago Tribune / Andrew Leckey

Message to Obama: Send loans fast CNN / Stacy Cowley

Kissinger Says Clinton Will Be Outstanding Secretary Bloomberg / Cherian Thomas and Julianna Goldman

Maybe There Is an Upside to This Mess Wall Street Journal / Gregory Zuckerman

Gas price drop: 60 days straight CNN

OPEC Likely to Cut Production in Oran, Not in Cairo Bloomberg / Ahmed Rouaba and Glen Carey

Selling mutual fund shares at the bottom offers tax advantages Los Angeles Times / Kathy M. Kristof

J.P. Morgan plans thousands of job cuts: report Marketwatch

Low-risk bonds come to the rescue for fed-up savers Guardian – Observer / Heather Connon

Facing Shortfalls, States Seek Emergency Aid From Washington Washington Post / Keith B. Richburg and Ashley Surdin

Downturn Drags More Consumers Into Bankruptcy NY Times / Tara Siegel Bernard and Jenny Anderson

Will the Safety Net Catch the Economy’s Casualties? NY Times / Steve Greenouse

PA: Despite level prices, slowing home sales could spell trouble for local economy Pittsburgh Post Gazette / Tim Grant

Market Bottom? For Some Investors, It’s Close Enough US News and World Report via NY Times / Paul J. Lim

Economic Crisis Boils Democratic Message Down to Jobs Washington Post / Alec MacGillis

As Leaders Wrestle With Economy, Developing Nations Get Ringside Seats NY Times

Better Rates Heating Up CD Market Washington Post / Annys Shin

Where to stash the cash? Newsday / Andrew Leckey

Consumers' Credit Card Limits Slashed as Companies Try to Reduce Risk Washington Post / Nancy Trejos


Global Financial Crisis and the Regulatory Environment: Where Do We Go From Here? pdf Federal Reserve Bank of Kansas City / Thomas M. Hoenig

To fix the economy, you need to spend, yet save Seattle Post Intelligencer / Bill Virgin

Holiday season brings stress AP via Allentown Morning Call / Joyce M. Rosenberg

Collection agencies riding out storm MCT via Lansing State Journal / Douglass Crouse

Oil lingers near $55 as investors mull recession AP via Houston Chronicle / Alex Kennedy

The long-term reasserts itself Marketwatch / Mark Hulbert

Yahoo's Yang to step down Reuters / Anupreeta Das and Yinka Adegoke

Can Citi shrink its way to transformation? Fortune via CNN / Patricia Sellers

Restricting Freedoms and Choices Texas Straight Talk via Safehaven / Ron Paul

London 'worst hit in recession' BBC News

Fed's Hoening: Fed has done "as much as it can" Reuters

U.S. Stocks Fall on Concern Recession to Deepen; Alcoa Retreats Bloomberg / Eric Martin

Stocks close sharply lower as bad news continues AP via Seattle Times / Sara Lepro and Madlen Read

Mavericks' Cuban Sued by SEC for 2004 Insider Trading Bloomberg / David Scheer

Where will President Barack Obama visit first? The Economist

Obama, McCain Vow Cooperation at Post-Election Talks Bloomberg / Julianna Goldman

Oil ends at 21-month low CNN / Catherine Clifford

Why Citi Will Stay Together Forbes / Liz Moyer

Heads will roll at Citi The Economist

Hedge Funds May Fall to $1 Trillion by Mid-2009, Citigroup Says Bloomberg / Saijel Kishan

Today’s rush top judgement on the ‘R’ word NY Post / Paul Tharp

Economic forecasters see long, deep U.S. recession AP via Newsday / Jeannine Aversa

Empire State Manufacturing Survey Federal Reserve Bank of New York

Volcker and Greenspan Marketwatch / David Marsh

Treasurys gain as economic worries intensify Marketwatch / Polya Lesova

Target profit falls almost 24 percent Reuters

Monday’s Analysis / Marty Chenard

U.S. Stock-Index Futures Fall; Caterpillar, Target Shares Drop Bloomberg / Eric Martin

Lowe’s sees deep sales drop Fortune via CNN / Colin Barr

If Detroit Falls, Foreign Makers Could Be Buffer NY Times / Louis Uchitelle

Lampert's Lament Forbes / Duncan Greenberg

U.S. Industrial Production Rose on Hurricane Rebound Bloomberg / Timothy R. Homan

'Prolonged' recession, higher joblessness seen likely Marketwatch / Mike Maynard

More elbow room at tables as business lunches drop off Chicago Tribune / Kathy Bergen

Factory production rises in October CNN / David Goldman

Holiday shoppers picking cash over credit: survey Reuters / Lisa Baertlein

U.S. jobless rate to hit 7.5%, latest NABE survey shows Marketwatch / Mike Maynard

NY state manufacturing falls again in November Reuters / Burton Frierson

U.S. in recession, jobless to peak at 7.5 percent: survey Reuters / Lucia Mutikani

Copper Drop Deepens as China Growth, Housing Falter Bloomberg / Millie Munshi, Glenys Sim and Lee Spears

Recession Will Be Less Damaging Without Bailouts Bloomberg / Kevin Hassett

Presidential Pooch Pick Offers Peek Into Policy Bloomberg / Caroline Baum

Obama Says He Will Do `Whatever It Takes' on Economy Bloomberg / Edwin Chen

Facing Deficits, States Get Out Sharper Knives NY Times / Jennifer Steinhauer

Citi to cut about 53,000 more jobs over coming quarters, bringing total cuts to 20 pct AP via Chicago Tribune / Madlen Read

Britain's economic outlook worsens AP via Seattle Post Intelligencer / Jane Wardell

Japan's Economy in Recession After Shrinking 0.4% Last Quarter Bloomberg / Jason Clenfield


Yahoo!'s Five Biggest Mistakes Forbes / Brian Caulfield

Don't Count On A Detroit Bailout Forbes / Brian Wingfield

How many years of healthy living before you die? The Economist

Dollar recovers from earlier dip Marketwatch / Nick Godt and William L. Watts

A gallon of gas or a share of GM? CNN / Paul R. La Monica

Stocks fight back CNN / Alexandra Twin

Governments Can’t Handle Global Run on Gold Coins NY Post / John Crudele

Oil falls again but decline in gasoline usage subsides AP via Houston Chronicle / Mark Williams

Bernanke Says Federal Reserve Won't Reveal Details on Loans Bloomberg / Steve Matthews and Craig Torres

Investors trading the heck out of ETFs in crisis Marketwatch / John Spence

Automotive Rescue Is Threatened By Impasse Washington Post / Lori Montgomery and Paul Kane

Home builders distraught over economic crisis Marketwatch / Rex Nutting

Can Central Bankers Prevent the Great Depression? SirChartsalot via Safehaven / Gary Dorsch

No U.S. turnaround till mid-2009: Bank of America CEO Reuters

Should We Worry About Deflation? Ludwig von Mises Institute / Doug French

Economists say recession is here, and will last San Francisco Chronicle / Tom Abate

Home Depot profit falls, but beats Wall St. view Reuters / Karen Jacobs

Sears' future hanging on holiday sales Chicago Tribune / Sandra M. Jones

Cash-strapped GM to delay reimbursement of its dealers AP via Lansing State Journal / Tom Krisher

What's really killing Detroit CNN

Yahoo shares soar as Yang agrees to quit CEO post Reuters via Washington Post

Berkshire's Credit Risk Soars on Buffett's $37 Billion Bet Bloomberg / Erik Holm and Shannon D. Harrington

U.S. Treasuries Advance as Producer Prices Fall Most on Record Bloomberg / Dakin Campbell and Kim-Mai Cutler

Gold: Is There a Valid Bearish Argument? Speculative Investor via Safehaven / Steve Saville

Oversight of Implementation of the Emergency Economic Stabilization Act of 2008 FDIC

Paulson, Democrats Clash on Bailout for Homeowners Bloomberg / Rebecca Christie and Alison Vekshin

U.S. Senate Democrats Let Lieberman Keep Committee Chairmanship Bloomberg / Nicholas Johnston

Troubled Asset Relief Program and the Federal Reserve's liquidity facilities Federal Reserve Board / Ben S. Bernanke

China Passes Japan as Biggest U.S. Treasuries Holder Bloomberg / John Brinsley and Rebecca Christie

Home Prices Tumble in 80 Percent of U.S. Cities on Foreclosures Bloomberg / Kathleen M. Howley

Deadbeat Homeowners Tap Texas Bankruptcy Laws to Duck Creditors Bloomberg / Laurel Brubaker Calkins

October producer prices fall by record 2.8 percent Reuters

Detroit's liquidity crisis threatens to put car dealers out of business Forbes / Joann Muller

Tuesday’s Analysis / Marty Chenard

Stocks struggle in volatile morning CNN

Jerry Yang stands down The Economist

Hewlett-Packard Profit Tops Estimates; Shares Advance Bloomberg / Katie Hoffmann and Connie Guglielmo

Gold falls as data reduce inflation pressures Marketwatch / Moming Zhou

Seize this moment to end oil addiction Detroit Free Press / Randy Essex

Hedge Funds Need to Find Better Way to Say Sorry Bloomberg / Matthew Lynn

Spam volume plummets after Web hosting firm is shut down AP via South Florida Sun Sentinel / Jordan Robertson

Launching Hillary at the world The Economist

Why there'll be no Christmas present from the Fed Marketwatch / Irwin Kellner

Treasuries Are Little Changed Before Producer, Consumer Prices Bloomberg / Wes Goodman

U.S. Producer Prices Probably Fell in October by Most on Record Bloomberg / Shobhana Chandra

Gold may glitter, but it doesn't do much more USA Today / Matt Krantz

Dollar Rises on Speculation Investors Buying Safest U.S. Assets Bloomberg / Stanley White and Ron Harui

Yen nudges down vs dlr but risk aversion supports Reuters via Guardian

Where should bailout dollars go? Christian Science Monitor / Mark Trumbull

Still satisfied: Companies maintain quality despite slump Pittsburgh Post Gazette / Teresa F. Lindeman

S&P 500 May Fall More as `Retest' of Low Fails to Spark Rally Bloomberg / Elizabeth Stanton

Asia stocks sink as layoffs add to global gloom AP via Houston Chronicle / Jeremiah Marquez

Big Retailers Feeling Pain on the Web and Off It NY Times / Claire Cain Miller

America's 'height of hypocrisy' on tobacco Christian Science Monitor / Peter Fromuth



30-year Treasury bond gains 3 full points Reuters

Junk Bond Yields Reach Record 20% as Economy Declines Bloomberg / Gabrielle Coppola and Caroline Salas

The Paradox of Deleveraging Will Be Broken Pimco / Paul McCulley

Fed's Lacker: Withdraw Fed safety net when possible Reuters

What Lessons Can We Learn From the Boom and Turmoil? Federal Reserve Bank of Richmond / Jeffrey Lacker

Minutes of Federal Open Market Committee Federal Reserve Board

Fed minutes: may need more rate cuts if growth ebbs Reuters / Mark Felsenthal

U.S. Stocks Slide to Five-Year Lows as Banks, Carmakers Tumble Bloomberg / Eric Martin

Dow below 8,000 - 1st time since '03 CNN / Ben Rooney

Consumers opt to fix vehicles, not replace them Pittsburgh Post Gazette / Joe Napsha

Gold in the Low $600s? Casey Research via Safehaven / David Galland

A climate of change The Economist

Fed's Kohn Says Crisis `More Severe' Than Episodes Since 1990s Bloomberg / Craig Torres

Monetary Policy and Asset Prices Revisited Federal Reserve Board / Donald L. Kohn

Year's Defaults Soar Past a Quarter-Trillion / Stephen Taub

Jump From Muni Bond Funds at Your Own Peril Bloomberg / Jane Bryant Quinn

It Isn’t a TARP Without Troubled Assets to Cover Bloomberg / Caroline Baum

Impossible to determine if stock market has hit rock bottom Chicago Tribune / Gail MarksJarvis

Advantage of Corporate Bankruptcy Is Dwindling NY Times / Jonathan D. Glater

Wednesday’s Analysis / Marty Chenard

October consumer prices and home starts plummet Reuters / Glenn Somerville

The 'Great Crash' in the history books Money via CNN / Pat Regnier

The Next Economic Shoe To Drop Forbes / David Serchuk

U.S. MBA’s Mortgage Applications Index Decreased 6.2% Last Week Bloomberg / Bob Willis

U.S. Housing Starts, Permits Drop to Record Low Pace Bloomberg / Timothy R. Homan

Oil falls below $54 a barrel AP via San Francisco Chronicle / George Jahn

Opec 'lost $700bn on cheaper oil' BBC News

A Sea of Unwanted Imports NY Times / Matt Richtel

Canada: Carney lays out blueprint for global banking fix Globe and Mail / Heather Scoffield

Bernanke's Cash Injections Risk Eclipse of Fed's Benchmark Rate Bloomberg / Craig Torres

Treasuries Advance as Consumer Prices May Fall Most Since 1949 Bloomberg / Kim-Mai Cutler and Wes Goodman

Consumer Prices in U.S. Probably Tumbled as Spending Slumped Bloomberg / Bob Willis

Five potential surprises into year's end Marketwatch / Todd Harrison

A Voice of Reason Puts Automakers on the Road to Rescue Washington Post / Steven Pearlstein

Asian markets fall on gloomy earnings outlook AP via Houston Chronicle / Stephen Wright

Consumers will suffer if GM goes under CNN / Chris Isidore

The recession in your state Fortune via CNN / Beth Kowitt

Massachusetts leads in `new economy' / Pamela M. Prah

California wildfire lessons: Steps by homeowners cut damage Christian Science Monitor / Daniel B. Wood

Thanksgiving air travel expected to drop 10% LA Times / Katherine Ho

Barney Frank hits Henry Paulson’s shift in bailout spending Boston Herald / Jay Fitzgerald

Bank of England Panel Voted Unanimously for Rate Cut to 3% Bloomberg / Svenja O'Donnell

Yen Rises on Speculation U.S. Lawmakers Will Block Auto Bailout Bloomberg / Ron Harui and Stanley White


Three Funerals and a Wedding Federal Reserve Bank of St. Louis / James Bullard

Credit derivatives Federal Reserve Board / Patrick M. Parkinson

Effects of the financial crisis on small business Federal Reserve Board / Randall S. Kroszner

FOMC announces it will expand its December meeting to two days Federal Reserve Board

Where's the pessimism? Marketwatch / Mark Hulbert

Imminent Board Action to Finalize Rules on Temporary Liquidity Guarantee Program FDIC / Sheila Bair

Macy’s Debt Trades Like Junk, Similar to Kmart Bloomberg / Cotten Timberlake

Some parts of U.S. escape housing mess USA Today / Haya El Nasser and Paul Overberg

Michigan's jobless rate jumps to 9.3 percent AP via Lansing State Journal / Kathy Barks Hoffman

November 2008 Business Outlook Survey Federal Reserve Bank of Philadelphia

GM's Lending Arm Files Paperwork to Become a Bank Washington Post / Kendra Marr

Dems to Big 3: No plan, no money AP via Boston Herald

America’s return to thrift presages a long and deep recession The Economist

The deflation index The Economist

'Reverse convertible' bonds aren't such straightforward buys Marketwatch / Chuck Jaffe
Dell profit tops Street view, shares rise Reuters

S&P 500 sinks to '97 low CNN / Alexandra Twin

Wall Street Gets Worse Forbes / Carl Gutierrez

Congress rushes to extend jobless benefits AP via Houston Chronicle / Jim Abrams

No Deal For Detroit Forbes / Brian Wingfield

Democrats demand U.S. Big 3 offer survival plan Reuters / Kevin Drawbaugh and John Crawley

Loonie slides more than 2.5 cents Globe and Mail / Virginia Galt

High-yielding currencies under pressure Marketwatch / Deborah Levine & Steve Goldstein

Key Slashes Dividend by 67% After Two Straight Losses Bloomberg / Linda Shen

Citi plunges 26% - lowest in 15 years CNN / David Ellis

Bernanke May Find Deflation Is Back as Fed Concern Bloomberg / Steve Matthews

Philly Fed November factory activity hits new 18-year low Reuters

Lines Grow At U.S. Unemployment Offices Forbes / Maurna Desmond

Treasury Yields Drop to Record Lows as Recession Concern Rises Bloomberg / Daniel Kruger and Dakin Campbell

Bond Risk Soars to Record as Markets Return to ‘Crisis Mode’ Bloomberg / Abigail Moses

Credit Cards Will Be The Next Big Financial Blowup NY Post / John Crudele

No Piti for Citi NY Post / Paul Tharp

No job, bad mortgage - out of luck CNN / Tami Luhby

U.S. Leading Economic Indicators Fell 0.8% in October Bloomberg / Shobhana Chandra

Falling Consumer Prices - Good or Bad for Consumers? Northern Trust via Safehaven / Paul Kasriel

U.S. Economy: Jobless Claims Approach Highest Level Since 1982 Bloomberg / Bob Willis and Shobhana Chandra

Thursday’s Analysis / Marty Chenard

Jobs, Gates, Buffett Should Run U.S. Automakers Bloomberg / Mark Gilbert

Oil at 3-year lows; gas below $2 in 23 states AP via Seattle Post Intelligencer / Mark Williams

Fed to Cut Rates to Zero on Deflation Risk, JPMorgan Predicts Bloomberg / Jason Clenfield

Long-Term Treasuries Will Rise on Recession, Bank Sarasin Says Bloomberg / Candice Zachariahs

U.S. Notes Rise as Asian Stocks Drop Before Leading Indicators Bloomberg / Wes Goodman

Bears' glass half empty or half full? Marketwatch / Peter Brimelow

Stocks Are Hurt by Latest Fear: Declining Prices NY Times / Vikas Bajaj

Oil Falls Toward $50 a Barrel as Fuel Use Falls, Equities Slump Bloomberg / Christian Schmollinger

Korean Won Hits Decade-Low, Kospi Slides as Risk Appetite Wanes Bloomberg / Kim Kyoungwha and Shin Saeromi

Japan's Exports Fell the Most in Almost Seven Years Bloomberg / Jason Clenfield


Are stocks cheap? It depends on earnings Marketwatch / John Spence

Dow ends up nearly 500 in surprise comeback after report Geithner will be new Treasury secretary AP via Chicago Tribune / Tinm Paradis and Sara Lepro

VIX's Records Show Fear That May Last Into 2009: Chart of Day Bloomberg / David Wilson

Microsoft to Google: Get Off of My Cloud Business Week / Peter Burrows

Campbell Beats Bear Market as Consumers Seek Out Soup Bloomberg / Chris Burritt

Shoppers pick up store brands Chicago Tribune / Mike Hughlett

Commercial Paper Market Rises for Fourth Straight Week / Stephen Taub

CA: Legislators seek solution for jobless benefits San Francisco Chronicle / Tom Abate

Stocks struggle higher CNN / Alexandra Twin

U.S. Stocks Fall on Growing Concern Over Citigroup’s Health Bloomberg / Eric Martin

Gold surges more than 6% on safe-haven buying Marketwatch / Moming Zhou

Canada: Inflation drops to 2.6 per cent Globe and Mail / Heather Scoffield

Fed's Lacker: Reasonable to expect rebound in 2009 Reuters

Lacker Addresses Tech Council of Maryland on Nov. 21 Federal Reserve Bank of Richmond / Jeffrey Lacker

Fed's Bullard: U.S. deflation an issue Fed must face Reuter / Alister Bull

Treasurys: The pressure eases a little CNN / David Goldman

Pimco's El-Erian says GDP falling off cliff: CNBC Reuters

Friday’s Analysis / Marty Chenard

Wal-Mart Replaces Chief Scott With Overseas Head Duke Bloomberg / Chris Burritt

Citigroup is 'considering sale' BBC News

World Recession Nears as European, Asian Companies Fire Workers Bloomberg / Simon Kennedy

Falling Prices Raise a New Fear: Deflation Washington Post / Steven Mufson and Michael S. Rosenwald

Fields of Grain and Losses NY Times / David Streitfeld

Foreclosures to Be Suspended Over Holidays Washington Post / Zachary A. Goldfarb

Treasuries Fall, Eroding Biggest Weekly Gain Since 1987 Crash Bloomberg / Wes Goodman

Crisis Hits Values of Commercial Mortgages Washington Post / Heather Landy and Dana Hedgpeth

Bank of Japan Keeps Benchmark Rate at 0.3% in Unanimous Vote Bloomberg / Mayumi Otsuma

Global Bonds May Extend Rally as Economies Cool, Goldman Says Bloomberg / David Tweed

Asian Stocks Fall for 5th Day as Recession Deepens; Honda Drops Bloomberg / Kyung Bok Cho and Shani Raja

Crude Oil Tumbles to Lowest Since May 2005 as Consumption Drops Bloomberg / Nesa Subrahmaniyan



A Memo To Mr. Geithner... Forbes / Roy C. Smith

Nice pop but there’s a bottom still out there NY Post / Paul Tharp

GM says board doesn't see bankruptcy as option AP via Newsday

Stocks look for respite in holiday-shortened week Marketwatch / Nick Godt

Despite 1-day rally, investors remain wary after being burned in 'slow-motion' stock crash AP via Minneapolis Star Tribune / Stevenson Jacobs

California jobless rate soars to 8. 2% San Francisco Chronicle / Tom Abate

Florida's jobless level hits a 15-year high of 7 percent in October South Florida Sun Sentinel / Marcia Heroux Pounds

Treasury Yields Drop to Record Lows as Recession Concern Rises Bloomberg / Cordell Eddings and Daniel Kruger

Some mutual fund investors twice burned Minneapolis Star Tribune / Kara McGuire

Wells Fargo briefly holds top spot among banks San Francisco Chronicle / James Temple

Canada’s Carney Says Some Bankers Focused on Opera, Not Lending Bloomberg / Greg Quinn

Obama's Cabinet posts seem to be filling quickly AP via Seattle Times / Liz Sidoti

Economic Tough Times Hit Nevada Brothel ABC News / Neil Karlinsky and Alyssa Litoff

Mexico's Calderon Warns Obama Against Renegotiating Trade Deal Bloomberg / Mark Drajem and Joshua Goodman

APEC Leaders Promise `Extraordinary' Steps in Crisis Bloomberg / Shamim Adam and Bill Faries

Citigroup May End Up With U.S. Government Rescue Bloomberg / Christine Harper and Bradley Keoun

Geithner Is Said to Be Obama’s Pick for U.S. Treasury Secretary Bloomberg / Rich Miller

Obama outlines plan to create 2.5M jobs CNN

Summers to Join Obama White House, Boosts Fed Chances Bloomberg / Brendan Murray and Michael McKee

Mexican growth slows to 1.6 pct, lowest since 2003 AP via Miami Herald


Bernanke says he erred in gauging mortgage fallout AP via CNN

Unhappy couples staying together as economy makes divorcing too costly MSNBC / Alex Johnson

Dramatic downturn seen for economic data Marketwatch / Greg Robb

Black Friday sales intensify in downturn Reuters / Nicole Maestri

Recession Probably Deepened in October: U.S. Economy Preview Bloomberg / Shobhana Chandra

College grads face tough job market Chicago Tribune / Carolyn Bigda

Less in Hand to Offer Washington Post / Philip Rucker

30-year mortgage rates drop to 6.04% average AP via San Francisco Chronicle

Falling prices a bitter pill for homeowners AP via San Francisco Chronicle / J.W. Elphinstone

Detroit on the defensive Chicago Tribune / Tim Jones

Goldman Traders Still Eyeing ’08 Bonuses NY Post / Teri Buhl

Obama picks Summers as top economic adviser CNN / Jeanne Sahadi

Bush wraps up final global summit with confidence AP via Washington Post / Martin Crutsinger

UK: Why buy now if prices are plummeting? How deflation could drag us all down Independent / Phillip Blond

UK: 'Worst Christmas ever' on the cards for high-street retailers Independent / Sarah Butler

Seeking Solace? You’ll Find Little in the Bond Market NY Times / Jeff Sommer

Citigroup Pays for a Rush to Risk NY Times / Eric Dash and Julie Creswell

Obama Vows Swift Action on Vast Economic Stimulus Plan NY Times / Jeff Zeleny and Jackie Calmes

Civilization is built on credits and debits Washington Post / David Liss

UK: Let's chuck the kitchen sink at the economy and try to get it moving Guardian – Observer / William Keegan

UK: Darling's big gamble puts Britain deep into the red Guardian – Observer / Heather Stewart


Fed will cut rates to zero, Macroeconomic Advisers says St. Louis Post Dispatch / David Nicklaus

There's something to be hopeful about Marketwatch / Peter Brimelow

Gold hits six-week high on dollar, safe-haven buying Marketwatch / Moming Zhou

Why Citigroup got Detroit's money CNN / Paul R. La Monica

Saving Citi Forbes / Liz Moyer

Goldman to sell $2 billion in FDIC-backed bonds: source Reuters

After 'GD2' in 2011, a 100-year bear market? Marketwatch / Paul B. Farrell

Starbucks shares fall; H-P shares slip after results Marketwatch / Carla Mozee

Dow ends up nearly 400 after government's bailout of Citigroup lifts some worries about banks AP via Chicago Tribune / Tim Paradis

Obama Vows Bold Moves to Avoid Millions of Lost Jobs Bloomberg / Matthew Benjamin

Airlines see big decline in business travelers McClatchy via Chicago Tribune / Christopher Hinton

Stocks Ramp Higher, But Volume Still Weak Investors Business Daily / Vincent Mao

Monday’s Analysis / Marty Chenard

U.S. Stocks Rise After Citigroup Gets Government Loan Backing Bloomberg / Elizabeth Stanton

U.S. October Home Resales Fall; Price Drop Is Record Bloomberg / Timothy R. Homan

Chicago home prices fall nearly 10% Chicago Tribune / Mary Ellen Podmolik

Oil prices jump above $53 with another Wall Street bailout announced; gas continues to fall AP via Orlando Sentinel / Dirk Lammers

Economic crisis offers a chance to teach money lessons to kids Dallas Morning News / Pamela Yip

A reassuring figure for Treasury The Economist

Rubinomics Recalculated NY Times / Jackie Calmes

A lifeline for Citigroup The Economist

Royal Bank of Canada sees 15 pct profit drop in Q4 Reuters via San Diego Union Tribune

The price of online robbery The Economist

Recession’s Grip Forces U.S. to Flood World With More Dollars Bloomberg / Rich Miller

U.K. in a position of weakness, not strength Marketwatch

Geithner Nomination Takes Fed’s Top Wall Street Troubleshooter Bloomberg / Scott Lanman

Treasury Traders Paid to Borrow as Fed Examines Repos Bloomberg / Liz Capo McCormick

Goldman May Lead U.S.-Backed Bond Sales After FDIC Rule Change Bloomberg / Gabrielle Coppola and John Detrixhe

Bonds fall on Citi bailout CNN / David Goldman

Uncle Sam Pumps Up Citi Forbes / Liz Moyer

U.S. rescues Citi with $20 billion capital Reuters / Dan Wilchins and Jonathan Stempel

Oil rises near $51, OPEC and equities support Reuters / Alex Lawler

Obama's Economic Tasks Forbes / Brian Wingfield

Democrats' Stimulus Plan May Reach $700 Billion Washington Post / Lori Montgomery

German Business Confidence Slumps to 16-Year Low Bloomberg / Gabi Thesing



Victim of circumstances Marketwatch / Darrell Delamaide

Bulls still stubborn when it comes to gold Marketwatch / Mark Hulbert

From Middle Class to $5 in the Bank Washington Post

Inflation is No Cure for a Recession Delta via Safehaven / Michael Pento

Cash-strapped consumers embrace 'home for the holidays' Marketwatch / Jennifer Waters

Geithner Struggled to Get Movement on Swap Dangers Bloomberg / Rich Miller and Shannon D. Harrington

How Liberty Media Could Move On Yahoo! Forbes / Brian Caulfield

Cisco plans 4-day shutdown to cut costs AP via Mercury News

As mortgages went bad, New Century executives cashed out LA Times / William Herald

Year of the bailouts: It's all about timing CNN / David Goldman

Financial industry rescue criticized as double standard Detroit Free Press / Justin Hyde

Fed And Treasury To The Rescue. Again. Forbes / Brian Wingfield

The bailouts keep coming, and they seem to be getting worse for taxpayers San Francisco Chronicle / Kathleen Pender

Brace yourselves for the Obama economy Forbes / Richard A. Epstein

Companies scale back, cancel holiday parties USA Today / Theresa Howard

Nearly 15% of Illinois banks were unprofitable in 3Q Chicago Tribune / Becky Yerak

FDIC's list of 'problem' banks swells to 171 AP via San Francisco Chronicle / Madlen Read

The education gap between the richest and poorest within developing countries The Economist

New Cancer Cases Fall in U.S. Following Trend of Disease Deaths Bloomberg / Rob Waters

NY Fed moving ahead to seek Geithner replacement Reuters

Fed throws fresh lifeline to U.S. financial system Reuters

This Fed Challenge Readies New Class of Leaders Bloomberg / Caroline Baum

U.S. consumers cut spending by the most in 28 years AP via Houston Chronicle

Consumer Confidence in U.S. Increased in November Bloomberg / Bob Willis

Economy shrinks at faster pace in third quarter Reuters

Home Prices for 20 U.S. Cities Decline Most on Record Bloomberg / Timothy R. Homan

If we didn't already have a president, Obama could fill the bill Chicago Tribune / David Greising

Republicans Seek to Fix Short-Sitedness Washington Post / Jose Antonio Vargas

Stuff I’d Like To Know About The Financial Crisis NY Post / John Crudele

The Fed and Its Lies Lew Rockwell / Anthony Gregory

Treasuries Rise; Confidence, Housing May Show Deeper Recession Bloomberg / Wes Goodman

We can't afford the Citigroup deal Marketwatch / David Weidner

Obama's vast jobs plan: How hard? Christian Science Monitor / Mark Trumbull

S&P 500 index investing isn't lame, it's smart USA Today / Matt Krantz

Asian Stocks Jump as Commodity Prices Rally on Citigroup Rescue Bloomberg / Patrick Rial and Masaki Kondo

In Michigan's auto belt, it's nail-biting time Christian Science Monitor / Amanda Paulson

Crude Oil Falls, Paring Rally, on Concerns Fuel Demand Is Weak Bloomberg / Christian Schmollinger

Rogers Says Dollar Will Be ‘Devalued,’ Commodities Are a Buy Bloomberg / Ron Harui and Mike Schneider

Yen Gains as Deepening U.S. Recession Curbs Carry Trade Demand Bloomberg / Stanley White and Ron Harui

Korean Won Climbs Most in 3 Weeks as Stocks Rally; Bonds Gain Bloomberg / Kim Kyoungwha


The Deficit Turns $1 Trillion Forbes / David Serchuk

1st time ever: 10-year yield is below 3% CNN / Ben Rooney

Google's Stealth Layoffs Forbes / Brian Caulfield

Black Friday: It has to be big, and bold CNN / Parija B. Kavilanz

‘Recovery’ Is in; ‘Stimulus’ Is So Seven Months Ago NY Times / Carl Hulse

Gates, Clinton Posts Show Obama `Secure' With Strong Leaders Bloomberg / Ken Fireman and Tony Capaccio

Sales of New Houses in U.S. Fall to Lowest Since 1991 Bloomberg / Shobhana Chandra

As debt grows, collections boom CNN / Abigail Bassett

Consumers cut spending, durable goods orders fall Reuters / Glenn Somerville

Biggest durable orders drop in 2 years CNN / Julianne Pepitone

Wednesday’s Analysis / Marty Chenard

Web Ads to Keep Falling NY Post / Holly M. Sanders

Oil gives up early gains CNN / Kenneth Musante

Sick Economy Threatens American Express NY Post / Mark DeCambre

Thanksgiving Story Resonates in Year of Crisis Bloomberg / Caroline Baum

China’s Central Bank Cuts Interest Rates NY Times / Keith Bradsher

U.S. Mortgage Rates Drop Most in Seven Years on Fed Debt Plan Bloomberg / Kathleen M. Howley

Fed Risks ‘Spitting in the Wind’ With New $800 Billion Pledge Bloomberg / Craig Torres and Scott Lanman

Americans' Food Stamp Use Nears All-Time High Washington Post / Jane Black

Consumer Spending in U.S. Probably Dropped by Most in 7 Years Bloomberg / Shobhana Chandra

Treasuries Rise, Yields Near Record Lows; Spending May Decline Bloomberg / Wes Goodman

Toyota loses triple-A credit rating London Times / Leo Lewis

Oil steady near $51 after falling overnight AP via Palm Beach Post / Alex Kennedy

Fmr Fed chair Volcker to head new US econ panel-WSJ Reuters via Guardian

In switch, Obama emphasizes belt-tightening Christian Science Monitor / Ron Scherer

Obama's nimble economics Christian Science Monitor

Yen Rises on Concern a Global Recession Will Curb Carry Trades Bloomberg / Ron Harui and Stanley White


The issuance issue The Economist

Fed moves not used since 1929 AP via Lansing State Journal / Martin Crutsinger

4 double-digit gains in a row for the Dow, but ... Marketwatch / Mark Hulbert

Panasonic slashes fiscal '09 profit forecast 97% Marketwatch / Robert Daniel

Shoppers arrive early for U.S. holiday sales Reuters / Michele Gershberg and Aarthi Sivaraman

GM may cut brands, including Pontiac Detroit Free Press / Brent Snavely

Baja drivers alter course, head north for gas now San Diego Union Tribune / Hiram Soto

PA: 7 more weeks of benefits for state's jobless Pittsburgh Post Tribune / Tracie Mauriello

GM asks government to block public tracking of jet Reuters

4-day stock rally best since Depression Chicago Tribune

Food Prices Expected to Keep Going Up NY Times / Andrew Martin

China downturn deepens, European rate cut sought Reuters / Keith Weir

Meltdown far from over, new mortgage crisis looms AP via NY Post / Matt Apuzzo

Holiday sales begin before turkey grows cold Reuters / Michele Gershberg

With markets in turmoil, how to buy gold bars Globe and Mail

Stocks in Europe, Asia, Canada Gain; Brazil’s Index Declines Bloomberg / Adam Haigh and Alexander Ragir
Dollar flat as equities rise Marketwatch / William L. Watts

Oil falls below $54 as rising oil inventories, bad economic data point to falling US demand AP via Chicago Tribune / Pablo Gorondi

European November Confidence Drops More Than Forecast Bloomberg / Fergal O’Brien

Asian Stocks Advance on China Rate Cut; Indian Trading Halted Bloomberg / Patrick Rial



Treasury Bull on Borrowed Time MPTrader via Safehaven / Mike Paulenoff

Gold prices rise, oil almost unchanged AP via Houston Chronicle

The Fed’s QE Operations and the Dollar Morgan Stanley / Stephen Jen and Spyros Andreopoulos

Market Burns While Schools Keep Fiddling With Swaps Bloomberg / Joe Mysak

U.S. Treasuries Have Best Month Since 1981 Amid Time of ‘Trial’ Bloomberg / Liz Capo McCormick and Gavin Finch

Treasurys end month with yields near record lows AP via Sacramento Bee / Madlen Read

Over-indebted to credit San Diego Union Tribune / Jenifer Goodwin

Indulging middle-class desires inflates economic struggles St. Petersburg Times / Marlene Sokol

Black Friday: Long lines, short gift lists CNN / Parija B. Kavilanz

Dow Outperforms In Short Session Investors Business Daily / Vincent Mao

Dow, S&P 500 in 5-day win streak CNN / Ben Rooney

Fed Commercial Paper Holdings Rise to $295.1 Billion Bloomberg / Scott Lanman

Oil ends week on a flat note as OPEC gathers AP via Detroit News / John Porretto

Bond Buyer's Dilemma Forbes / Bernard Condon, Daniel Fisher and Scott Woolley

Blending coffee and frugality Houston Chronicle / Jenallia Moreno

US Consumers Have Finally Caught Up With The Joneses NY Post / John Crudele

Internet advertising will be relatively unscathed in the downturn The Economist

Desperate retailers already turn to liquidators AP via San Francisco Chronicle / Anne D’Innocenzio

Black Friday: Long lines, short gift lists CNN / Parija B. Kavilanz

All Signs Point to Low Expectations for Retailers Gallup

U.S. Stocks Swing Between Gains, Losses; GM Rises, Exxon Falls Bloomberg / Elizabeth Stanton

Friday’s Analysis / Marty Chenard

New mortgage crisis: commercial properties AP via San Francisco Chronicle / Matt Apuzzo

OPEC's Prelude To A Cut Forbes / Lionel Laurent

ECB to Cut Benchmark Rate 1/2 Point, Economists’ Survey Shows Bloomberg / Gabi Thesing

Abolish the Fed Lew Rockwell / Paul-Martin Foss

Treasuries Little Changed, Interrupt Biggest Rally in 27 Years Bloomberg / Wes Goodman

A Bailout For Small Business? Washington Post / V. Dion Haynes

Recession’s newfound recipe: Forget about the luxuries of life Boston Herald / Donna Goodison

Retailers Offer Big Discounts, and Then Pray NY Times / Stephanie Resenbloom

Thieves Stole Identities to Tap Home Equity Washington Post / Brian Krebs

Obamascam Lew Rockwell / Charles A. Burris

Company Bonds Return Most in Five Years With Record-High Spread Bloomberg / Shelley Smith and Caroline Salas

Oil Falls Before OPEC Discusses Output Cut to Stem Price Slump Bloomberg / Reg Curren

Dollar Heads for Weekly Decline as Policy Measures Reduce Risk Bloomberg / Ron Harui and Stanley White


Stocks seek more gains on hopes worst is past Marketwatch / Nick Godt

Market Strategies for the Very Brave Wall Street Journal / Gregory Zuckerman

U.S. ‘Black Friday’ Sales Rise 3%, ShopperTrak Says Bloomberg / Lauren Coleman-Lochner

Holiday shoppers are spending CNN / Parija B. Kavilanz

Depression in 2009? Clif Droke Market Analysis via Safehaven / Clif Droke

Geithner already shaping U.S. economy AP via Globe and Mail / Jeannine Aversa and Ellen Simon

Rubin’s Detail Deficit Newsweek / Evan Thomas and Michael Hirsh

Americans Have Lost Their Appetite for Spending NY Times / Floyd Norris

Holiday sales slow for small retailers CNN / Emily Maltby

Holiday Sales Kick Off With Discounts to Lure U.S. Customers Bloomberg / Beth Jinks and Allison Abell Schwartz

OPEC to wait on output cut decision AP via CNN

Opec refuses oil production cuts BBC News

Fears That a Weakened British Pound May Grow Weaker NY Times / Landon Thomas, Jr.

U.S. Stocks Post Biggest Weekly Gain Since 1974 as Banks Rally Bloomberg / Lynn Thomasson

Mortgage crisis looms for commercial buildings AP via Rocky Mountain News / Matt Apuzzo

Yen Advances Fourth Month Against Euro as Carry Trades Unwind Bloomberg / Ye Xie and Andrew MacAskill

The Condo Crunch Washington Post / Renae Merle


Deflation, Inflation both in the future NY Post / John Crudele

Detroit's auto bubble pain CNN / Chris Isidore

Investors look to build on biggest rally since 1932 ahead of retail sales, economic data AP via South Florida Sun Sentinel / Joe Bel Bruno

Income will eventually offset the stock meltdown Dallas Morning News / Scott Burns

Why oil prices will bounce back Marketwatch / Peter Brimelow

Oil falls to near $53 as OPEC doesn't cut output AP via Houston Chronicle / alex Kennedy

UK 'closer' to adopting the euro BBC News

Will Obama and Clinton work as a team? Christian Science Monitor / Howard LaFranchi

China expects 10% growth for next year Marketwatch / Michael Kitchen

Job Cuts, Factory Slump Probably Worsened: U.S. Economy Preview Bloomberg / Bob Willis

Hard Times Are Hitting Santa, Too Washington Post / Michelle Singletary

Holiday shopping off to higher start CNN / Parija B. Kavilanz

It's OK to Splurge This Season -- A Little Wall Street Journal / Dave Kansas

Lenders nervous about risk, even if the risk isn't you Detroit Free Press / Margarita Bauza

Auto dealers brace for more low sales with results due Tuesday Detroit Free Press / Sarah A. Webster

Stock mutual funds take in $10.4 billion CNN

Yahoo Said to Deny Plans for Selling Internet Search Business Bloomberg / Zachary Mider and Crayton Harrison

Citigroup, too big to fail, needs to be brought down to size St. Louis Post Dispatch / David Nicklaus

Bailing out Wall Street isn't making much sense Pittsburgh Tribune Review / Jack Markowitz

Fund closings are annoyances, but just move on Boston Herald / Chuck Jaffe

Bank of England weighs rate cut to 2% London Times / David Smith

President Warns China's Economic Edge Is Weakening Washington Post / Maureen Fan

Silver-Haired Shoplifters On the Rise In Japan Washington Post / Blaine Harden

Charity begins at home Marketwatch / Amy Hoak