Bondhead News Archive

December 16 – December 31

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Review and Preview Morgan Stanley / Ted Wieseman

In Madoff We Trust Euro Pacific via Safehaven / Peter Schiff

No Rest for the Unemployed Daily Reckoning via Safehaven / The Mogambo Guru

MI: Why the Free Press will be making these changes Detroit Free Press / Paul Anger

PA: Jobless rate drains state's benefits pot Pittsburgh Post Gazette / Brad Bumsted

Mortgage-Bond Yields Fall to Record Lows as Fed May Buy More Bloomberg / Jody Shenn

Bonds soar on Fed decision CNN / David Goldman

What Fed rate cut to zero to 0.25% means for consumers USA Today / Sue Kirchhoff and John Waggoner

Bold Fed still needs fiscal help Reuters / Burton Frierson

Illinois Pays Four Times Average on $1.4 Billion Note Bloomberg / Jeremy R. Cooke

Fed's cut to add pressure on banks margins Reuters / Juan Lagorio

Wanted: Super-human technocrat to run New York Fed Reuters / Kristina Cooke

Paulson: Not contemplating 4.5% mortgage plan Marketwatch / Ronald D. Orol

Thursday Jobless Claims Likely to Justify Fed Rate Cut Gallup / Dennis Jacobe

Treasuries Rise After Fed Reduces Borrowing Costs to Zero Range Bloomberg / Cordell Eddings and Daniel Kruger

Moody's sees bankruptcy in automakers' future Marketwatch / Shawn Langlois

Stocks extend gains after Fed rate decision AP via LA Times

Dollar Weakens to $1.40 Per Euro for First Time in Two Months Bloomberg / Michael J. Moore and Jamie McGee

Oil falls after Fed rate cut CNN / Kenneth Musante

FOMC Minutes Federal Reserve Board

Fed Cuts Rate to as Low as Zero, Will Use All Tools Bloomberg / Scott Lanman and Craig Torres

PIMCO's El-Erian: Fed rate move "extremely bold" Reuters

Fed cuts rates to the bone Reuters / Mark Felsenthal

FOMC cuts rates to record low range of 0 to 0.25% Marketwatch / Greg Robb

The state of the economy in Russia looks worse with each passing day The Economist

Analysing the causes of conflicts The Economist

Uncle Sam Wants To Rip You Off Forbes / David Serchuk

Consumer prices fall by record 1.7% CNN / David Goldman

How We All Will End The Recession Forbes / Brian S. Wesbury and Robert Stein

Housing Starts in U.S. Fell 18.9% to 625,000 Pace Bloomberg / Courtney Schlisserman

Tuesday’s Analysis / Marty Chenard

Just how close are Wall Street and Washington NY Post / John Crudele

US dollar falls ahead of Fed rate decision Reuters / Wanfeng Zhou

Goldman Sachs posts $2.1 billion loss CNN / David Ellis

Federal Reserve Bond Sales? Lew Rockwell / Michael S. Rozeff

Fed Readies for Balance Sheet as Main Tool as Rate Nears Zero Bloomberg / Craig Torres and Steve Matthews

U.S. 30-Year Bond Yield Near Record Low Before Fed’s Meeting Bloomberg / Ron Harui

Home buyers stirring in some markets Christian Science Monitor / Ben Arnoldy

U.S. Consumer Prices Probably Dropped by a Record in November Bloomberg / Bob Willis

The 2008 market will go down in history Marketwatch / Nick Godt

Big Oil Projects Put in Jeopardy by Fall in Prices NY Times / Jad Mouawad

Gold recoils after hefty rise on looming rate cut Reuters via Guardian

U.S. May Give Car Czar Power to Force Bankruptcy, Levin Says Bloomberg / John Hughes

Dollar falls against euro amid worries of Fed cut to 0.5% London Times / Gary Duncan

Russia Devalues the Ruble for a 2nd Time in a Week NY Times / Andrew E. Kramer

China Factory-Spending Growth Slows as Exports Fall Bloomberg / Li Yanping

Japan economy severe, BOJ eyes steps – Shirakawa Reuters via Guardian / Leika Kihara


Financial Crisis Casts Shadow Over Commercial Real Estate Federal Reserve Bank of Dallas / Roland Meeks

Fed’s Rate Moves Fail to Spur Home Buying: Chart of the Day Bloomberg / David Wilson

"Did Low-income Homeownership Go Too Far?" FDIC / Sheila Bair

Director dumps nearly half of Sears holdings Chicago Tribune / James P. Miller

More than 1/6 of households have only cell phones AP via Boston Herald

The Fed's Historic Move Forbes / Bob McTeer

Fed Targeting Zero Isn’t the Same as Doing Zip Bloomberg / Caroline Baum

Chrysler shuts down all production CNN / Peter Valdes-Dapena

The growing threat of deflation CNN / Chris Isidore

The dead mall problem CNN / Parija B. Kavilanz

When My Recession Becomes Your Great Depression Bloomberg / Amity Shlaes

Oil tumbles below $40 for first time since 2004 AP via Globe and Mail / Chris Kahn

Oil tumbles despite OPEC's record cut in production USA Today / Barbara Hagenbaugh

Will the Inventory Cycle Prolong Sluggish Growth? Morgan Stanley / Richard Berner

Wednesday’s Analysis / Marty Chenard

Fed Fights to Weaken Dollar Merk Mutual Funds via Safehaven / Axel Merk

Cyclical Dollar Correction in 1H; Story May Change in 2H Morgan Stanley / Stephen Jen

Public mood darkens on job fears: Reuters poll Reuters / John Whitesides

U.S. 10-Year Treasury Yield Falls Below 2.15% for First Time Bloomberg / Dakin Campbell and Lukanyo Mnyanda

Bernanke is keen to not repeat past errors Globe and Mail / John Heinzel

Apple shares fall 4 percent on CEO health, product worries Reuters

Morgan Stanley Loses Big Forbes / Maurna Desmond

Dollar No Longer Haven After Fed Rate Cut, State Street, CMC Say Bloomberg / Kim-Mai Cutler and Bo Nielsen

OPEC says it will cut output by 2 million barrels AP via Globe and Mail / George Jahn

World Confidence Drops as Slump Deepens, Bloomberg Survey Shows Bloomberg / Brian Swinit

Bernanke Charts New Fed Course With Zero Rate, Asset Purchases Bloomberg / Craig Torres

Banks Show No Signs of Easing Credit in Step With Fed’s Rates Bloomberg / Liz Capo McCormick and Gavin Finch

Treasuries Fall as Asian Stocks Extend Global Gains on Fed Cut Bloomberg / Ron Harui

Welfare Rolls See First Climb in Years Washington Post / Amy Goldstein

New Poll Shows 63% Are Already Hurt by Downturn Washington Post / Michael A. Fletcher and Jon Cohen

A List a Landlord Doesn’t Want to Be On NY Times / Terry Pristin

Demand for U.S. Architects Drops; Billings Index at Record Low Bloomberg / Daniel Taub

The Big Lie theory Marketwatch / Mark Hulbert

OPEC Plans Further Output Cut NY Times / Jad Mouawad

Dollar Declines to 13-Year Low Against Yen After Fed Rate Cut Bloomberg / Stanley White

Caution ahead: Recession clouds market recovery Marketwatch / Kate Gibson

Stocks off highs as Fed rate cut euphoria fizzles out Marketwatch / V. Phani Kumar

Asian Stocks Advance as Fed Cuts Interest Rates to Record Low Bloomberg / Shani Raja and Ian Sayson
UK: Inflation - that's so last year Guardian / Julia Finch

BOJ Rate-Cut Speculation Surges After Fed Reduction Bloomberg / Toru Fujioka

UK: Mervyn King warns Alistair Darling about deflation London Times / Gary Duncan



Good news when this bubble pops CNN / Tami Luhby

Are You Smarter than a Bond Trader? Daily Reckoning via Safehaven / The Mogambo Guru

Rates are down, but refinancing not best for all St. Petersburg Times / James Thorner

Recovery a long way off, economist says Charlotte News and Observer / Jonathan B. Cox

Deflation Back on Menu as Bears Bite Stocks / Mark Glassman

Platinum Is Only as Good as Gold / Jonathan Hoenig

States, cities spar over stimulus money / Stephen C. Fehr

World’s oceans turning acidic faster than expected Christian Science Monitor / Peter N. Spotts

Owners find themselves trapped underwater USA Today / Stephanie Armour

Four of five newsletters on Honor Roll are bullish Marketwatch / Mark Hulbert

Stocks plunge at the end of day CNN / Catherine Clifford

Stocks Come Unhinged Forbes / Steve Schaefer

Thursday’s Analysis / Marty Chenard

Why investors don't care about Madoff CNN / Paul R. La Monica

France 'set for 2009 recession' BBC News

TREASURIES-US 30Y gains 3 points as stocks extend fall Reuters

Fed Loans Guided by Raters Grading Subprime Debt AAA Bloomberg / Alison Fitzgerald

Market for Commercial Paper Shuffles Along / Stephen Taub

FDIC Quarterly FDIC

Liquidity Risk is Focus of Winter Issue of FDIC's Supervisory Insights FDIC

With Fed Board, Obama Has Rare Opportunity to Remake Institution Washington Post / Neil Irwin

Fed Rate Cuts Dull Perceived Safety of Dollar: Chart of Day Bloomberg / Lee J. Miller and Minh Bui

Fed's Fisher says Fed will do what it takes Reuters / Alister Bull

December 2008 Business Outlook Survey Federal Reserve Bank of Philadelphia

Chicago Fed Letter Federal Reserve Bank of Chicago

New England Economic Indicators Federal Reserve Bank of Boston

Oil drops below $38 in interday trading AP via MSNBC

Santa gets firsthand look at consumer cutbacks AP via Houston Chronicle / Adrian Sainz

Job market still sickly, factories remain weak Reuters / Burton Frierson

Dollar Climbs From 12-Week Low Versus Euro, Rises Against Yen Bloomberg / Jamie McGee and Michael J. Moore

Jobless claims ease, but still at higher levels Reuters

Mortgage rates drop on dramatic Fed moves as economy sinks AP via Chicago Tribune / Alan Zibel

Helicopter Ben Goes ZIRP! Forbes / Nouriel Roubini

German December Business Confidence Lowest Since 1982 Bloomberg / Simone Meier

Are corporate bonds ready to rally in 2009? Marketwatch / Deborah Levine

U.S. Leading Economic Indicators Probably Dropped in November Bloomberg / Shobhana Chandra

Obama May Seek a Stimulus Spending Plan Exceeding $850 Billion Bloomberg / Lorraine Woellert

Asian Stocks Gain as Rate Cut Optimism Lifts Banks; Cnooc Falls Bloomberg / Patrick Rial and Shani Raja

Oil thrown on to uncharted waters London Times / David Wighton

Overcharged and Over a Barrel Washington Post / Michelle Singletary

Dollar faces correction, but could head up in 2009 Marketwatch / Lisa Twaronite

Dollar's Slump Erases Months Of Solid Gains Washington Post / Anthony Faiola

Dollar hits 2-½ month low vs euro on rate gap Reuters via Guardian / Satomi Noguchi

Pound dives as markets expect interest rate to head towards zero London Times / Gary Duncan

World Confidence Drops as Slump Deepens, Bloomberg Survey Shows Bloomberg / Brian Swint

Treasury Yields Are Near Record Low Before Manufacturing Report Bloomberg / Ron Harui

On Wall Street, Bonuses, Not Profits, Were Real NY Times / Louise Story

Yen Declines as Nakagawa Says Japan May Take Currency Action Bloomberg / Stanley White



Pimco Muni Funds Down as Much as 60% to Buy Back Auction Shares Bloomberg / Jeremy R. Cooke and Christopher Condon

30-Year Mortgage Rates Sink to Lowest on Record Washington Post / Dina ElBoghdady

In tough economy, holiday buyers opt for practical gifts Palm Beach Post / Allison Ross

Complaints against financial consultants are on rise South Florida Sun Sentinel / McNelly Torres

Gold prices falter as dollar strengthens AP via Sacramento Bee / Sara Lepro

Battered commodities could perk up late in 2009 Marketwatch / Moming Zhou

Crude prices end higher after dipping below $34 AP via Houston Chronicle

Severed cable disrupts web access BBC News

Obama fills econ team, says business will revive AP via Houston Chronicle / Philip Elliott

U.S. stocks end another week mostly higher Marketwatch / Kate Gibson

Friday’s Analysis / Marty Chenard

Google snatches search share from rivals CNET

GM, Chrysler in 102-Day Race to Keep Federal Loans Bloomberg / Jeff Green and Alex Ortolani

About 40% of Americans Worrying About Money Gallup / Frank Newport

November jobless rates up in 37 states CNN / Julianne Pepitone

CO: DIA to welcome 50 millionth passenger AP via Denver Post

Treasury yields soar on news of help for carmakers Marketwatch / Polya Lesova

S&P Lowers Outllok for GE’s Businesses Bloomberg via NY Post

Bonds ease as auto industry gets rescue CNN / Catherine Clifford

Record low mortgage rates toss housing market a lifeline Reuters / Lynn Adler

U.S. recession to worsen "significantly" – ECRI Reuters

Recession Forecast Blown Up by Subprime Meltdown Bloomberg / John M. Berry

Nasdaq Seeks to Extend Reprieve for Stocks That Sink Below $1 Bloomberg / Edgar Ortega

U.S. Stocks Advance as Bush Announces Auto Rescue; GM Rallies Bloomberg / Whitney Kisling

Text of Bush's statement on auto industry rescue AP via LA Times

Not all deficits created equal / Pamela M. Prah

Mortgage: Pay or walk away? AP via The State / Dave Carpenter

Municipal bonds are a great deal, if they don't default USA Today / Matt Krantz

Treasuries Are Headed for Weekly Gain, Best Year Since 1995 Bloomberg / Ron Harui

Big Three's future still in balance Christian Science Monitor / Peter Grier

Clinton’s Diplomacy May Be Complicated by Husband’s Money Ties Bloomberg / Timothy J. Burger and Kristin Jensen

Bill Clinton’s Donors Include Investor Facing Bribery Probe Bloomberg / Jeff Bliss

Bank of Japan cuts interest rate to 0.1% from 0.3% Marketwatch / Chris Oliver

Treasuries Fall on Speculation Rally Pushed Up Prices Too Far Bloomberg

Tax Break May Have Helped Cause Housing Bubble NY Times / Vikas Bajaj and David Leonhardt

Slackening Demand Lets Oil Fall to Four-Year Low NY Times / Jack Healy

Oil Set for Weekly Decline as Deepening Recession Cuts Demand Bloomberg

Yen Rises Against Dollar as Traders Reduce Bets on BOJ Rate Cut Bloomberg / Stanley White

Bank of Japan May Cut Rate, Pump Funds Into Economy Bloomberg / Mayumi Otsuma


If You Fire People, Don't Be a Jerk About It Wall Street Journal / Kelly K. Spores

CDs provide safe haven for investor Minneapolis Star Tribune / Chris Farrell

A great time to shop - if you have money Minneapolis Star Tribune / Jackie Crosby

Stocks: Brace for a volatile week CNN / Ben Rooney

Weather, Discounts Collide as Holiday Shoppers Dither Bloomberg / Heather Burke

Stores go into survival mode AP via Tennessean / Anne D'Innocenzio

Obama ups jobs goal to 3 million CNN / Ed Henry

Bush Says Auto-Industry Package Meant to Safeguard U.S. Economy Bloomberg / Edwin Chen

Crude Oil Prices Sliding Despite Production Cuts Washington Post / Annys Shin

Construction braces for painful 2009 Washington Post via Tennessean / Annys Shin

Treasury Yields Fall as Fed Cuts, Pledges to Buy Long-Term Debt Bloomberg / Daniel Kruger and Dakin Campbell

European Bonds Post Biggest Weekly Advance Since 1992 on Growth Bloomberg / Anchalee Worrachate

‘Massive’ Job Cuts In Store For 2009 NY Post / David Seifman and Andy Soltis

S&P Come Lately NY Post / Paul Tharp

FL: State unemployment rate the highest in 15 years Orlando Sentinel

Polaroid Files for Chapter 11 Bloomberg via NY Post

China promises economic assistance to Taiwan AP via Houston Chronicle

California posts 8.4% jobless rate, third highest in U.S. LA Times / Christine Cotter

After Lifeline, Big 3 Are Still in Deep NY Times / Micheline Maynard

Japan’s Budget Hits Record as Aso Seeks for Recovery Bloomberg / Keiko Ujikane


Stock investors hope Santa touches down Reuters / Leah Schurr

Federal Reserve delays farewell to ARMs Boston Herald / Jerry Kronenberg

Walking away from a mortgage no longer considered unthinkable act AP via Clarion Ledger

FL: Foreclosure hiatus in Manatee? Not quite Bradenton Journal / Duane Marsteller

Recession causing repair shops to flourish St. Louis Post Dispatch / Gail Appleson

Americans' incomes haven't kept pace LA Times via Allentown Morning Call / David Lazarus

Health insurance options limited after job loss San Francisco Chronicle / Victoria Colliver

Recession can be a boon for solid companies AP via San Francisco Chronicle / Ellen Simon

As economy falters, more people giving up pets AP via Margery A. Gibbs

Obama forms task force on working families Marketwatch

Economic downturn can't dim holiday lights Pittsburgh Post Gazette / Elwin Green

Squeezed on All Sides, Parents Forgo Day Care Washington Post / Donna St. George

Recession-Strapped U.S. Shoppers Focus on Bargains, Children Bloomberg / Heather Burke

Spending, Home Sales Probably Tumbled: U.S. Economy Preview Bloomberg / Bob Willis

Wall street Wise Men NY Post / Terry Keenan

White House Philosophy Stoked Mortgage Bonfire NY Times / Jo Becker, Sheryl Gay Stolberg and Stephen Labaton

NV: Sin City's getting smacked Pittsburgh Tribune Review / Jack Markowitz

Best to Be Wary Before Pouncing on Dollar's Loss Washington Post / Nancy Trejos

Economy Will Test Obama’s Vision for an Energy-Efficient Auto Industry NY Times / Micheline Maynard

UK: New figures show that recession is deepening London Times / David Smith



NY: New York City May Face $8 Billion Gap, DiNapoli Says Bloomberg / Henry Goldman

Not Your Grandfather's Depression GlobalMacro via Safehaven / Kurt Kasun

Bond costs to push firms to raise equity in 2009 Reuters / Olesya Dmitracova and Natalie Harrison

Losses of labor jobs likely to build in '09 Washington Post via Denver Post / Annys Shin

How bad (really) is 8% unemployment? CNN / Stephen Gandel

Oil falls again CNN / Kenneth Musante

Oil falls on slowing demand signs BBC News

North Carolina is nation's 4th fastest-growing state Charlotte Observer / Ames Alexander

US 30Y falls two points on supply prospects Reuters

Monday’s Analysis / Marty Chenard

Is the honeymoon really over for Google? Seattle Times / Brier Dudley

Year-end bounce for small caps? Marketwatch / Mark Hulbert

Commercial Loan Defaults May Triple as Rental Income Declines Bloomberg / Hui-yong Yu

Modified mortgages re-defaulting at high rates: regulators Marketwatch / Ruth Mantell

Views Diverge on How To Recast Fannie, Freddie Washington Post / Zachary A. Goldfarb

Clinton Writes Off $13.2 Million Loan to Presidential Campaign Bloomberg

CO: Upward trend in joblessness is 'disturbing' Rocky Mountain News / James Paton

Canada: Consumer confidence lowest in a quarter century Globe and Mail / Virginia Galt

Shorter maturities down ahead of 2-year auction Reuters

Retailers see more holiday haggling AP via Sacramento Bee

Even Bigger Nightmare On Tech Street Fortune via CNN / Om Malik

U.S. Stocks Fluctuate as Profit Outlook Offsets Stimulus Plans Bloomberg / Lynn Thomasson

Walgreen 1Q profit falls 11.8% on new store costs Chicago Tribune / James P. Miller

Walgreen profit misses and slows growth plans Reuters

United, Continental favor living together Chicago Tribune / Julie Johnsson

A well-stocked cabinet The Economist

Junior Asks Daddy, Where Do Bailouts Come From Bloomberg / Caroline Baum

Gold Rises As Safe-haven Buying Continues Marketwatch via Fox and NY Post

Oil ticks upward CNN / Kenneth Musante

Operation shopping The Economist

Yen Falls Versus Euro, Dollar on Record Drop in Japan’s Exports Bloomberg / Ye Xie and Lukanyo Mnyanda

China Cuts Key Rates for Fifth Time in Three Months Bloomberg / Li Yanping and Kevin Hamlin

Japan recession deepens CNN

Japan Exports Plunge Record 27% as Recession Deepens Bloomberg / Toru Fujioka


With IPOs at lowest level since 1977, firms run out of options USA Today / Pallavi Gogoi

Wall Street Flops Forbes / Ruthie Ackerman

Stocks fall, Wall St. counts days to 2009 CNN / Ben Rooney

Cops: Hedge fund founder in Madoff scheme kills himself Newsday / Rocco Parscandola

Retailers aggressively target last-minute shoppers Newsday / Keiko Morris

Wheely big The Economist

Obama to Take the Oath of Office Using Historic Lincoln Bible Bloomberg / Julianna Goldman

After boom year, risk of 2009 Treasuries bust Reuters / John Parry

Freddie’s Portfolio Expands by $42 Billion to Record Bloomberg / Jody Shenn

Gold: the glitter vs. the tarnish St. Louis Post Dispatch / David Nicklaus

Dollar little changed after homes, confidence data Marketwatch / Deborah Levine

Our society is unused to economic pain Forbes / Brian S. Wesbury and Robert Stein

Prospects for the season's sales volumes are anything but jolly / Alix Stuart

No Christmas cheer as recession gathers steam Reuters / Alister Bull

Economy influences the decision to have babies Chicago Tribune / Susan Chandler

Consumers' mood boosted by lower prices in December Reuters

Home sales, prices in deep plunge CNN / Les Christie

Tuesday’s Analysis / Marty Chenard

Stocks retreat in rocky trade CNN / Ben Rooney

Notebooks surpass desktops in strong quarter EETimes / Rick Merritt

Hold your tears for Japan Inc. Fortune via CNN / Alex Taylor III

Watch that printing press Marketwatch / Irwin Kellner

Treasuries Little Changed Before 5-Year Auction, Housing Report Bloomberg

Deeper Cuts, Widespread Pain Washington Post / Annys Shin

November Housing Sales in U.S. Probably Fell to Nine-Year Low Bloomberg / Bob Willis

GM Investors Bet U.S. Lifeline Isn’t Enough to Keep It Afloat Bloomberg / Bob Chen

Official says Calif. could be broke in 2 months AP via MSNBC

PA: Job losses show downturn seeps into W.Pa. Pittsburgh Tribune Review / Joe Napsha

Ten Worst Performers of 2008 Marketwatch / Peter Brimelow

Microsoft delays XP cutoff Bloomberg via Detroit News / Katie Hoffman

Asian stocks slump as China rate cut disappoints AP via Palm Beach Post / Jeremiah Marquez

Oil deepens losses below $40 Reuters via Washington Post / Jonathan Leff

Recession, drug war foils Mexican migrants' holiday pilgrimage Christian Science Monitor / Sara Miller Llana

Dollar Falls Against Euro on Concern Housing Slump Deepened Bloomberg / Ron Harui

New Zealand Economy Shrinks 0.4% as Recession Deepens Bloomberg / Tracy Withers


Why Only High-rated Firms Turn to Bond Market / Stephen Taub

Obama's toughest job: Keeping workers working Marketwatch / Ruth Mantell

UK Recession will be worst since 1947 Telegraph / Edmund Conway

Business investment in big economies will shrink in 2009 The Economist

Tiny yields challenge money funds, investors AP via Seattle Times / Mark Jewell

GMAC gets Fed's OK to become bank holding company Reuters / Emily Kaiser

The best present any homeowner could hope for: a 4.5 percent mortgage Newsweek / Daniel McGinn

'Recessionary living' tops list of trends expected next year Pittsburgh Post Gazette / Joyce Gannon

America Needs To Go To Rehab Lew Rockwell / Eric Margolis

Holiday season magnifies shoppers' frugality AP via Seattle Times / Anne D’Innocenzio

Jobless Claims High; Personal Spending, Durable Goods Fall Investors Business Daily / Scot Stoddard

Gap between economy, consensus suggests more pain Reuters / Ross Finley and Chandra Ramarathnam

Could The S&P 500 Hit 600 In '09? Forbes / David Serchuk

Dow rises 48.99 points in light holiday trading AP via San Francisco Chronicle / Madlen Read

Treasury Yields Hold Near Record Lows as Inflation Index Falls Bloomberg / Dakin Campbell

Oil falls 9% to just above $35 CNN / Kenneth Musante

California Crisis May Crunch $3.8 Billion of Jobs in Slowdown Bloomberg / Michael Janofsky

Lehman Roils Muni Swaps as Collapse Forces Payments Bloomberg /

Treasurys bounce back after 3-day slip CNN / David Goldman

Consumers close wallets as job market darkens Reuters / Glenn Somerville

Unemployment Filings Reach 26-Year High Washington Post / Annys Shin

Holiday Shoppers Shun Gift Cards on Closing Concerns Bloomberg / Allison Abell Schwartz

Jumbo Mortgage Shoppers Get Little Relief From Fed Rate Cuts Bloomberg / Kathleen M. Howley

Mortgage applications soar as rates fall CNN

Obama’s Job-Creation Program Flunks Basic Math Bloomberg / Caroline Baum

Crude Oil Falls Below $37 on Forecasts of U.S. Supply Increase Bloomberg / Mark Shenk

Stocks mixed in light, Christmas Eve trading AP via LA Times

Dollar's down as data point to further weakness Marketwatch / Deborah Levine

Treasuries Advance Before U.S. Spending, Goods Orders Reports Bloomberg / Bob Chen

Yen Rises as Stock Drop Boosts Currency’s Appeal as Safe Haven Bloomberg / Stanley White and Ron Harui

Japan’s Manufacturer Confidence Slumps Most on Record Bloomberg / Toru Fujioka



FL: Refinance rates low; few qualify Miami Herald / Monica Hatcher

U.S. retailers' holiday sales plummet: Spending Pulse Reuters / Ilaina Jonas

Holiday Sales Tumble as U.S. Consumers Reduce Luxury Purchases Bloomberg / Heather Burke

Lost U.S. spending leaving huge dent AP via Globe and Mail / Yerika Kinetz

Web footprints leave easy trail Chicago Tribune / Wailin Wong

More pharmacies accepting old medicines and used needles South Florida Sun Sentinel / Jondi Gumz

Ever buy a airline ticket and the price later fell? Get a refund USA Today / Gary Stoller

Swiss well-positioned to weather recession Reuters via Globe and Mail / Sven Egenter

Mini-laptops gain popularity Mercury News / John Bordreau

Counterfeit goods rise as shoppers hunt bargains Chicago Tribune / Antonio Olivo

Gas prices fall to 4-1/2 year low CNN / David Goldman

Asian Stocks Gain on Oil; Shares Drop in Russia, Persian Gulf Bloomberg / Masaki Kondo

China to allow freer yuan trades BBC News

Vietnam and Japan sign trade pact BBC News

Russia Faces Rising Unemployment Forbes / Oxford Analytica


Worst is yet to come for retailers, analysts say Newsday / Keiko Morris

How the crisis is taking the 'U' out of the EU Globe and Mail / Eric Reguly

Bonds set for best year in over a decade Reuters / Chris Reese

Treasuries Walk, Talk Like an Old-Time Bubble Bloomberg / Michael R. Sesit

Crude Oil Rises More Than 6 Percent as U.A.E. Reduces Output Bloomberg / Mark Shenk

Gold Rises Most in a Week on Middle East, South Asia Tensions Bloomberg / Pham-Duy Nguyen

2008 could nail its spot as worst year ever for Wall Street Reuters / Leah Schnurr

Amazon claims record holiday orders in '08 season Reuters

U.S. Stocks Rise, S&P 500 Posts Back-to-Back Gains; GM Rallies Bloomberg / Elizabeth Stanton

Wall Street mixed in quiet trading CNN / Ben Rooney

Friday’s Analysis / Marty Chenard

Grocery inflation likely to ease in 2009 Chicago Tribune / Mike Hughlett

Holiday Sales Tumble as U.S. Consumers Cut Spending Bloomberg / Heather Burke

Mortgage Thaw Doesn’t Cheer ‘Jumbo’ Buyers NY Post / Paul Tharp

Will Obama fixes be fast enough? AP via Allentown Morning Call / Jeannine Aversa and Andrew Taylor

Ruble Falls to Record Low Versus Euro as Russia Weakens Defense Bloomberg / Denis Maternovsky

Firms Charge Thousands To Modify Mortgages Washington Post / Renae Merle

As Property Values Plunge, Tax Bills Might Not Follow Washington Post / Ashley Halsey III

Unemployment insurance isn't all it's said to be Philadelphia Inquirer via St. Louis Post Dispatch / Jane M. Von Bergen

California Bond Yields Rise to Four-Year High on Budget Impasse Bloomberg / Michael B. Marois

Treasury Yields Hold Near Record Lows as Holiday Spending Drops Bloomberg / Bob Chen

Oil rises 2 pct to above $36 after UAE cuts supplies Reuters via Guardian / Osamu Tsukimori

States Cut Medicaid Coverage Further Washington Post / Amy Goldstein

Calm brings record tourism to Bethlehem Christian Science Monitor / Joshua Mitnick

Japan’s Recession Deepens as Factory Output Plummets Bloomberg / Keiko Ujikane and Toru Fujioka

China's Industrial-Company Profit Growth Slumps Bloomberg / Li Yanping and Luo Jun

Asian Stocks Climb on Takeover Speculation; AU Optronics Rises Bloomberg / Patrick Rial

Yen Heads for Weekly Loss as Production Drops, Inflation Slows Bloomberg / Stanley White


Wall Street heads into the home stretch CNN / Ben Rooney

Post-Christmas shoppers can't save grim season San Francisco Chronicle / Verne Kopytoff and Deborah Gage

Dallas-Fort Worth shoppers largely resist day-after-Christmas sales Dallas Morning News / Maria Halkias

Treasuries Post Weekly Loss as Auctions Highlight Supply Issue Bloomberg / Daniel Kruger

Amazon bucks trend, has best-ever holiday sales NY Post / Paul Tharp

No Santa Claus Rally for Wall St. Washington Post / Michael S. Rosenwald

U.S. Stocks Retreat as Economy Worsens; Financials, GM Decline Bloomberg / Jeff Kearns

We're saving $1 billion a day on gasoline Detroit Free Press / Brent Snavely

Home prices expected to fall further in 2009 LA Times / Peter Y. Hong

As shopping season comes to a close, retailers ask: Can we exchange 2008? Orladno Sentinel / Sandra Pedicini and Anika Myers Palm

Bargain-Hunting Shoppers Turn Up Noses at Post-Christmas Sales Bloomberg / Lauren Coleman-Lochner

Bargain hunters find deals Rocky Mountain News / Joyzelle Davis

U.S. architects find work overseas AP via Seattle Times / Daisy Nguyen

Spending Doubled as Obama Led Billion-Dollar Campaign Bloomberg / Jonathan D. Salant

Yen Falls for First Time Since October as Japan’s Exports Drop Bloomberg / Ye Xie and Chris Fournier



Tales from the 2008 fund crypt Boston Herald / Chuck Jaffe

Obama's Spending Spree Won't Rescue the US Economy from Recession Alpha via Safehaven / Gerard Jackson

Recession: A Reason to Rejoice Clif Droke Market Analysis via Safehaven / Clif Droke

Yes, History Has Much to Say About This Market Marketwatch via NY Times / Mark Hulbert

Wall St. faces record losses in last week of 2008 AP via Seattle Post Intelligencer / Joe Bel Bruno

Some Retailers Are Iffy Bets Even With Share Markdowns Wall street Journal / Jacqueline Doherty

Financial crisis of '08 among the worst ever San Diego Union Tribune / Dean Calbreath

The mixed news on mutual funds Philadelphia Inquirer / Joseph N. DiStefano

Madoff's losses topple measures Dallas Morning News / Scott Burns

They Told Me That Madoff Never Lost Money NY Times / Ben Stein

Demand for oil will fall by largest margin in 25 years Guardian – Observer / Tim Webb

Clues for weathering another street mess NY Post / Terry Keenan

Chronology of the euro AP via Philadelphia Inquirer

Buyers and renters flock to small spaces in tight times Detroit Free Press / Laura Ortiz

Manufacturing, Home Prices Probably Sank: U.S. Economy Preview Bloomberg / Bob Willis

Spiraling mortgages could become morphed Pittsburgh Tribune Review / Sam Spatter

Recession Should Change Tastes Washington Post / Elizabeth Razzi

Lifeline for renters in landlord's foreclosure AP via Denver Post / J. W. Elphinstone

Discretionary mortgage rates and fees could violate federal law LA Times / Kenneth R. Harney

Post-Christmas Sales May Not Help Retailers Salvage Holidays Bloomberg / Lauren Coleman-Lochner

2009 could be better for stocks, but not by much Chicago Tribune / Gail MarksJarvis

Where to Find A Decent Return Washington Post / Heather Landy

Falling oil prices endanger alternative sources Chicago Tribune / Joshua Boak

Business takes a liking to Barack Obama Chicago Tribune / William Neikirk

Euro currency turns 10; seen fulfilling promise AP via Seattle Times / Matt Moore and George Frey


Chicago Fed Midwest Manufacturing Index Federal Reserve Bank of Chicago

Gold timers more bullish than they've been in five months Marketwatch / Mark Hulbert

Can Junk Bonds Get any Junkier? / Stephen Taub

Workers Giving Up And Part-Time Jobs Mask Labor Woes Investors Business Daily / Scott Stoddard

Fallout begins after dismal holiday season AP via Houston Chronicle / anne D’Innocenzio

NV: Close to Home: Prices in Reno down 40% from peak USA Today / Christine Dugas

Sharp Corp. to book $555 million extraordinary loss Marketwatch

Stocks falter to start the week CNN / Ben Rooney

Race, Obesity, and the Puzzle of Gender Specificity Federal Reserve Bank of Boston / Mary A. Burke and Frank Heiland

Credit unions insured same as banks Allentown Morning Call / Bruce Williams

How to hold money managers accountable Christian Science Monitor / Thomas Watterson

Pound hits new low against euro BBC News

A novel way to ease global slumps Globe and Mail / Kevin Carmichael

IL: From a lively 11, Chicago down to 2 busted dailies AP via Denver Post / F.N. D'Alessio

CO: Survivors: For some businesses, an economic downturn can be a boon Denver Post / Greg Griffin

CA: Drillers eye oil reserves off California coast AP via Houston Chronicle / Jane Kay

Time may be ripe for netbooks Marketwatch via Seattle Times / Rex Crum

Dining on a dollar a day Christian Science Monitor / Eilene Zimmerman

Holiday Sales Drop to Force Bankruptcies, Closings Bloomberg / Heather Burke

U.S. Corporate Profits Probably Fell for Sixth-Straight Quarter Bloomberg / Peter J. Brennan and Eric Martin

Stocks Rebound Near Session's Halftime Investors Business Daily / Vincent Mao

Democrats May End Minimum Tax on Municipal Bonds to Spur Market Bloomberg / Ryan J. Donmoyer

The Beautiful Machine Washington Post / Robert O'Harrow Jr. and Brady Dennis

Obama Plays Poker With Homeowners, Taxpayers Bloomberg / John F. Wasik

The numbers don’t lie about the economy NY Post / Suzanne McGee

Small business owners sound the alarm bell Miami Herald / Angel Valentine

All In Pimco / Paul McCulley

Treasurys gain as flight to safety resumes Marketwatch / Deborah Levine

Treasury Shorter-Term Notes Lead Rise as Mideast Tensions Mount Bloomberg / Daniel Kruger

Lehman bankruptcy filing wiped out billions: WSJ Reuters

Monday’s Analysis / Marty Chenard

Oil futures rise as Israeli air raids in Gaza continue Marketwatch / Polya Lesova

UK pound drops to record low against euro AP via San Francisco Chronicle / Emily Flynn Vencat

'Underperforming' loonie starts week lower Globe and Mail / Virginia Galt

Russia lets ruble drop to new low AP via Globe and Mail

Dollar falls as Middle East tension sparks crude rally Marketwatch / Deborah Levine

US economy's gloom expected to begin lifting by late '09 Christian Science Monitor / Ron Scherer

Treasuries Little Changed After Losing Week on Supply Outlook Bloomberg / Wes Goodman

Biggest Bond Buyers Favor European Notes as ECB Cuts Bloomberg / Anchalee Worrachate and Lukanyo Mnyanda

Job skill for the times: coping with a layoff Christian Science Monitor / Marilyn Gardner

Crude Oil Rises After Israeli Attacks on Gaza Roil Middle East Bloomberg / Gavin Evans

Most Asian Stocks Decline on Recession Concern; Hynix Slumps Bloomberg / Shani Raja and Patrick Rial

Wanted: More science and math teachers in the US Christian Science Monitor / Stacy Teicher Khadaroo


Stocks' year-to-year returns largely random Marketwatch / Mark Hulbert

5 stock experts foresee 2009 rebound USA Today / Adam shell

Cosco warns 2008 profit to fall below last year's level Marketwatch / Chris Oliver

Survey of Tenth District Manufacturing Federal Reserve Bank of Kansas City

Gas prices plunge but driving habits stay curbed Marketwatch / Jennifer Waters

Consumers pull emergency brake, and global economy begins crashing Dallas Morning News / Jim Landers

Tokyo shares end 2008 42% lower BBC News

Commodity price movements BBC News

Fed aims to buy $500 billion in MBS by mid-year Reuters / Mark Felsenthal

Fed Selects Four Firms to Manage MBS Purchase Plan Bloomberg / Craig Torres and Jody Shenn

Fed to start buying mortgage-backed securities AP via Forbes

U.S. Stocks Gain as GMAC Gets Government Money; GM, Ford Rise Bloomberg / Elizabeth Stanton

Stocks surge near year end CNN / Alexandra Twin

Capitalism Is Worst System Except for the Rest Bloomberg / Caroline Baum

Bankers Don’t Need Politicians Meddling in Loans Bloomberg / John M. Berry

Obama's paycheck bonus CNN / Jeanne Sahadi

Outlook 2009: A Housing Recovery? Forbes / David Serchuk

MI: Metro home prices tumble 20% for October Detroit Free Press / Greta Guest

Feels like the bad old days Marketwatch / Angela Moore

Worst holiday shopping season since '70 Reuters via CNN

Treasurys mixed after confidence data Marketwatch / Deborah Levine

Ecomomic news drowns out geopolitics in oil market AP via Houston Chronicle / Mark Williams

Payday lenders find fertile place on Web Chicago Tribune / Becky Yerak

Demand for mobile phones will grow in 2009 The Economist

Consumer confidence index at all-time low CNN / Julianne Pepitone

Home prices plunge record 18 percent in October: S&P Reuters

Tuesday’s Analysis / Marty Chenard

Oil dips below $40 over world economic concerns AP via Seattle Post Intelligencer / George Jahn

Buy U.S. Company Bonds After Risk Rout, Alliance Bernstein Says Bloomberg / Yasumasa Song and Theresa Barraclough

Treasuries Rise, Extending 2008 Gains, Before Housing Report Bloomberg / Wes Goodman

Not quite dead, but ailing: the Fed error that cost us all dearly NY Times via Taipei Times / Tyler Cowen

Grim new year in store for retailers LA Times / Andrea Chang and Mark Medina

Oil Set for Rebound as Record Drop Spurs OPEC Cuts Bloomberg / Grant Smith and Mark Shenk

A Few Popular Presents Rise Above Recession Washington Post / Ylan Q. Mui

With fewer jobs, fewer illegal immigrants Christian Science Monitor / Brian Whitley

At overcrowded Florida prisons, some inmates may just camp out Christian Science Monitor / Richard Luscombe

Most Asian Stocks Rise, led by Energy Shares on Oil Price Gain Bloomberg / Shani Raja

Euro Advances as Israel-Hamas Conflict Pushes Up Oil Prices Bloomberg / Ron Harui

Mexico’s Fiscal Prudence Fails to Avert a Slowdown NY Times / Elisabeth Malkin

Japan’s Economy May Shrink 12.1% This Quarter, Barclays Says Bloomberg



A Gallup.Com Year in Review Gallup / Lymari Morales

Red ink fills the crystal ball Denver Post / Al Lewis

Jobless claims data paint bleak picture for 2009 AP via San Francisco Chronicle / Jeannine Aversa

5 reasons why all is not lost for 2009 Seattle Post Intelligencer / Bill Virgin

Stores to airlines, many brands vanished in 2008 AP via San Francisco chronicle / Lauren Shepherd and Emily Fredrix

With no one in charge, Illinois grinds to halt Christian Science Monitor / Amanda Paulson

Oil out with a bang with 14% spike CNN / Ben Rooney

Commodities Boom, Then Bust in 2008, Slammed by Economy’s Crash Bloomberg / Pham-Duy Nguyen

Credit markets head into uncertain 2009 AP via Fresno Bee / Joe Bel Bruno

Bond Dealers, Hedge Funds Will Face Penalty for Failed Trades Bloomberg / Rebecca Christie and Liz Capo McCormick

Thousands of stores to disappear in '09 CNN / Parija B. Kavilanz

Mortgage applications remain at 5-year highs AP via Denver Post

Roadway scales back operations Allentown Morning Call / Joe McDonald

U.S. Jobless Claims Fell Last Week, Skewed by Holiday Bloomberg / Bob Willis

Layoffs Take a (Brief) Holiday / Stephen Taub

More economic pain seen in 2009 Reuters / Kim Coghill

Wednesday’s Analysis / Marty Chenard

U.S. mortgage bond issuance plunges in 2008 Reuters

US company bond sales plummet in '08-Thomson Reuters Reuters

Pimco Delays Dividend Payment on Two Closed-End Funds Bloomberg / Adam L. Cataldo

On Obama's plate The Economist

The ten fastest, and slowest, growing economies in 2009 The Economist

Muni Bond Sales Drying Up as States Face $42 Billion Shortfall Bloomberg / Jeremy R. Cooke and Michael McDonald

Why buy a Treasury bill vs. bank savings? Many reasons USA Today / Matt Moore

Treasury Futures Rise; U.S. Debt Has Biggest Gain Since 1995 Bloomberg / Wes goodman

Labor Pains Are Not Easily Shared Washington Post / Steven Pearlstein

In 2009, Economy Will Depend on Unlocking Credit NY Times / Eric Dash and Vikas Bajaj

Spending on New Year's Eve parties falls in tough economy USA Today / Laura Petrecca and Theresa Howard

Dallas home prices falling, but not as fast as elsewhere Dallas Morning News / Steve Brown

No Mug? Drug Makers Cut Out Goodies for Doctors NY Times / Natasha Singer

Obama's 'One President' Gambit Washington Post / Michael D. Shear

Oil falls below $39, heads for worst year ever Reuters via Guardian / Chua Baizhen

Crude Oil Falls a Second Day, Heading for Record Annual Decline Bloomberg / Angela Macdonald-Smith and Dinakar Sethuraman

Euro up against dollar, but set for full-year fall Reuters / Eric Burroughs

Dollar Falls a Second Day Versus Euro on U.S. Economic Concern Bloomberg / Ron Harui

Australian, New Zealand Dollars Round Out Worst Year on Record Bloomberg / Garfield Reynolds and Candice Zachariahs