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January 01 – January 15

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CO: Lottery sales on the skids Rocky Mountain News / Chris Walsh

2009: Nowhere to go but up CNN / David Goldman

U.S. Treasuries Rally Most Since 1995 as Investors Seek Safety Bloomberg / Daniel Kruger

'08: Our Date With Disaster Washington Post / Frank Ahrens

The Crisis in 10 Points Ludwig von Mises Institute via Lew Rockwell / Robert Stewart

Strapped employers force workers to take unpaid vacation AP via LA Times / Tony Dejak

Government bond funds yield big gains Marketwatch / Rachel Koning Beals

Outlook 2009: Stocks Looking Better Forbes / David Serchuk

Corporate Profits Plummet In Japan Forbes / Oxford Analytica

Wells Fargo completes Wachovia purchase Reuters

In 2008, More Computers Leapt From Desktops to Pockets Washington Post / Rob Pegoraro

Slovakia hopes euro move brings stability CNN

U.S. Stocks Post Steepest Yearly Decline Since Great Depression Bloomberg / Elizabeth Stanton

In 2008, 6 Years of Market Gains Are Lost NY Times / Vikas Bajaj


S&P 500 Never Turned Positive During 2008’s Rout: Chart of Day Bloomberg / Jeff Kearns

Commercial real estate in for tough 2009 AP via Houston Chronicle / J.W. Elphinstone

Buffett put $20 bln to work amid market panic Marketwatch / Alistair Barr

Banks borrow more, investment firms less from Fed AP via Seattle Times / Jeanine Aversa

Gold declines as dollar strengthens Marketwatch / Moming Zhou

How much did Madoff scheme cost? CNN

Treasuries Fall as Stocks Soar, Banks’ Reluctance to Lend Eases Bloomberg / Daniel Kruger

Pimco to Make Postponed Payment to Investors in Fund Bloomberg / Adam L. Cataldo

Wall Street starts new year with a bang CNN / Alexandra Twin

New Year Cheer Lifts Stocks CNN / Steve Schaefer

Wikipedia meets $6 million fundraising goal AP via San Diego Union Tribune

Oil jumps 3.9% on supply worries CNN / Kenneth Musante

U.S. to Add 12 Million Barrels to Petroleum Reserve Bloomberg / Daniel Whitten

Enthusiasm for Obama likely to wane once policies are clear Globe and Mail / Madeline Drohan

Loonie edges higher Reuters via Globe and Mail

Bonds in 2009: Waiting by the exits CNN / David Goldman

Unemployment: Worse Than it Looks Business Week / Moira Herbst

U.S. Factories Contracted at Fastest Pace Since 1980 Bloomberg / Shobhana Chandra

Factories slash output and jobs around world Reuters / Jason Subler

2009 predicted to be a 'cleansing' period for retailers Chicago Tribune / Sandra M. Jones

Manufacturing index at 28-year low CNN / Aaron Smith

Friday’s Analysis / Marty Chenard

U.S. Stocks Advance; General Motors, Citigroup Shares Climb Bloomberg / Elizabeth Stanton

Euro Falls to Two-Week Low as European Manufacturing Shrinks Bloomberg / Ye Xie and Bo Nielsen

Oil extends record yearly loss on demand concerns Marketwatch / Polya Lesova and Moming Zhou

US Army Ready If The Downturn Gets Out Of Hand NY Post / John Crudele

Who Saw The Housing Bubble Coming? Forbes / Bruce Bartlett

After a horrible 2008, the award goes to… NY Post / Lois Weiss

Yale’s Swensen Sees ‘Extraordinary’ Opportunity to Snap Up Debt Bloomberg / Oliver Staley

Treasuries May Rise on Speculation Factory Index to Decline Bloomberg / Wes Goodman

U.S. Manufacturing Probably Shrank at Fastest Rate Since 1980 Bloomberg / Shobhana Chandra

As Recession Deepens, So Does Milk Surplus NY Times / Andrew Martin

Oil falls to below $43 a barrel in Asia AP via Palm Beach Post / Alex Kennedy

Singapore recession deepens as Q4 GDP falls Reuters via Guardian

Hong Kong, Seoul stocks advance; Sydney retreats Marketwatch / V. Phani Kumar

Japan’s Bonds May Post First Loss Since 2003 as Debt Sales Rise Bloomberg / Theresa Barraclough and Yasumasa Song

Crude Oil Falls on Concern Slowing Economy to Limit Fuel Demand Bloomberg / Christian Schmollinger

Euro Declines Against Dollar, Yen on Concern Recession Deepened Bloomberg / Ron Harui

China Manufacturing Shrinks for 5th Month on Exports Bloomberg / Li Yanping

Save the date: English nears a milestone Christian Science Monitor / Ruth Walker


Wall Street: Bracing for bad news CNN / Alexandra Twin

An Erratic Year for Mortgage Rates NY Times / Bob Tedeschi

Brother, can you spare a dime? Fresno Bee / Tim Sheehan

Obama sketches out recovery plan CNN / Jeanne Sahadi

Some Forecasters See a Fast Economic Recovery NY Times / Louis Uchitelle

Markdown frenzy: Stores desperate to clear inventory slash prices Detroit News / Jaclyn Trop

Desperate Retailers Try Frantic Discounts and Giveaways NY Times / Jack Healy

U.S. Debt Expected To Soar This Year Washington Post / Lori Montgomery

Governors want trillion from feds Boston Herald / Thomas Grillo

Credit Card Companies Willing to Deal Over Debt NY Times / Eric Dash

The Year Hedge Funds Got Hit Washington Post / Ellen Nakashima

Euro Falls for First Week Since November on ECB Rate Outlook Bloomberg




Bonds may be a shield, but they're still risky Chicago Tribune / Gail MarksJarvis

For stocks, it wasn't just a bad year; it was a bad decade St. Louis Post Dispatch / David Nicklaus

Gold glitters, but some bugs are cautious Marketwatch / Peter Brimelow

Oil above $47 on MidEast tensions, Russia gas row Reuters / Jennifer Tan

U.S. Monetary Policy Objectives in the Short and Long Run Federal Reserve Bank of San Francisco / Janet L. Yellen

Deflation is new Public Enemy No.1 Marketwatch / Greg Robb

Tone May Be Key to Obama's Agenda Washington Post / Shailagh Murray and Paul Kane

Yellen says economy risks "grim outcome" Reuters / Ros Krasny

Fed’s Yellen Supports ‘Substantial’ Economic Stimulus Bloomberg / Vivien Lou Chen

Comments on "The Revival of Fiscal Policy" Federal Reserve Bank of San Francisco / Janet L. Yellen

Figuring out when the recession might end San Francisco Chronicle / Kathleen Pender

2008 Job Losses Probably Worst Since 1945: U.S. Economy Preview Bloomberg / Shobhana Chandra

Severe retail downturn forecast for 2009 San Francisco Chronicle / James Temple

Obama Weighs Big Increase in Jobless Aid NY Times / Jackie Calmes and Carl Hulse

China factory output dips further BBC News

The Irish Economy’s Rise Was Steep, and the Fall Was Fast NY Times / Landon Thomas, Jr.

Bank of England urged to cut interest rates to 1% Guardian - Observer / Heather Steart

UK: Rates may sink to lowest since 1694 Telegraph / Edmund Conway

Papademos Says More ECB Cuts May Be Needed If Inflation Slows Bloomberg / Scott Lanman and Simon Kennedy


Oil Above $48 as Investors Eye Gaza Conflict, OPEC AP via NY Times

Car sales plunge heralding bleak 2009 Reuters / Kevin Krolicki and David Bailey

Chrysler U.S. December sales drop 53% Marketwatch / Wallace Witkowski

Gold sinks to 2-week low CNN / Ben Rooney

Don't buy Wall Street's latest con Marketwatch / Paul B. Farrell

2008's best-performing newsletter portfolio a poor bet for 2009 Marketwatch / Mark Hulbert

U.S. stocks close lower as investors move cautiously AP via Houston Chronicle

Hyundai: Can't make car payments? Just return it AP via Orlando Sentinel / Dan Strumpf

Google's search share rises, Microsoft's falls sharply Marketwatch / John Letzing

Obama: Economy "bad and getting worse" AP via Newsday

Indexes In Holding Pattern; Volume Eases From Highs Investors Business Daily / Alan R. Elliott

Monday’s Analysis / Marty Chenard

Economists see jobless surge, deeper housing hole Reuters / Pedro Nicolaci da Costa

Ford's sales plunge 32% CNN / Chris Isidore

Thousands of claim forms sent to Madoff customers Reuters / Grant McCool

Policy challenge - How to expand safety net / Christine Vestal

New York Fed starts buying agency MBS Reuters

Treasurys up as Fed steps into mortgage market Marketwatch / Deborah Levine

U.S. Stocks Fall on Earnings Concern; AT&T, JPMorgan Retreat Bloomberg / Lynn Thomasson

U.S. Construction Spending Fell Less Than Forecast Bloomberg / Shobhana Chandra

Homeownership goals created house of cards San Diego Union Tribune / Emmet Pierce

Gold pulls back below $850 as dollar strengthens Marketwatch / Moming Zhou

Dollar Rises to Three-Week High Against Euro on U.S. Stimulus Bloomberg / Ye Xie and Anchalee Worrachate

Steve Jobs has hormone imbalance, to remain CEO AP via Houston Chronicle / Andrew Vanacore

Countries with the most, and fewest, doctors The Economist

Spain's 2008 inflation drops to 1.5 percent AP via Houston Chronicle

Fed Officials Endorse ‘Big Stimulus’ to Battle U.S. Recession Bloomberg / Scott Lanman and Vivien Lou Chen

Treasuries Decline as Obama’s Stimulus Push Boosts Equities Bloomberg / Wes Goodman

Shorting U.S. Treasurys is the way to play in January Marketwatch / Thomas Kee

Global Corporate Profits to Drop in ’09; More Bankruptcies Loom Bloomberg / Katie Hoffmann and Joseph Galante

Lots of spending needed to pull U.S. out of ditch Marketwatch / Greg Robb

The January Effect vs. the January Barometer Marketwatch / Jeffrey A. Hirsch

Asian Stocks Advance for Eighth Day on Policy Expectations Bloomberg / Patrick Rial and Masaki Kondo

Obama Plan Includes $300 Billion in Tax Cuts NY Times / Peter Baker and Carl Hulse

Oil Rises a Third Day; Gaza Attacks Threaten Mideast Stability Bloomberg / Christian Schmollinger and Gavin Evans

Dollar holds firm near 3-week high vs yen Reuters via Guardian / Satomi Noguchi

Dollar Rally Fizzling as Fed Triggers Risk Appetite Bloomberg / Bo Nielsen and Ye Xie

Is it time to get back into the market? Christian Science Monitor / Thomas Watterson


Bullish bandwagon Marketwatch / Mark Hulbert

In 2008 America's stockmarkets suffered their second-worst year since 1825 The Economist

TradeStation Group reports increase in trade volume AP via Miami Herald

South Florida foreclosures top 100,000 in 2008 Palm Beach Post

Gas prices rise, may hit $3 by summer Palm Beach Post / Susan Salisbury

The Rod and Roland show The Economist

What Bill Gross Is Buying Forbes / Bernard Condon

U.S. budget deficit seen topping $1 trillion in 2009 Reuters / Jeremy Pelofsky and David Lawder

A kinder, gentler IRS? Marketwatch / Andrea Coombes

Minutes of Federal Open Market Committee, December 15-16, 2008 Federal Reserve Board

Fed Policy Makers Saw ‘Substantial’ Risks to Economy Bloomberg / Steve Matthews

Fed predicts economy will get worse CNN / Chris Isidore

Fed saw risks to economy despite low rates: minutes Reuters / Mark Felsenthal

Logitech to lay off 15 percent of workforce San Francisco Chronicle / Deborah Gage

Alcoa to Reduce Capacity By 18%, Cut 13,500 Workers Bloomberg / Rob Delaney

Millionaires? More like $700,000-aires CNN / Julianne Pepitone

US recession forecast to drag on BBC News

Euro weakens on rate cut evidence BBC News

Stop The Bonuses Forbes / Joel Kotkin

Gold futures fall for third session on stronger dollar Marketwatch / Moming Zhou

Oil tops $50 amid OPEC output cuts, Gaza fighting Moming Zhou and Polya Lesova

Corporate bonds look good as Treasurys lag San Francisco Chronicle / Kathleen Pender

Why You Should Keep A Wary Eye on Treasuries NY Post / John Crudele

Treasuries Drop Amid Concern U.S. to Sell Record Amount of Debt Bloomberg / Dakin Campbell and Gavin Finch

U.S. corporate bond sales start year on strong footing Reuters / Dena Aubin

Tuesday’s Analysis / Marty Chenard

U.S. stocks start up, led by rally in energy sector Marketwatch / Kate Gibson

Services index shows less contraction in December AP via Seattle Times

Factory Orders in the U.S. Tumble More Than Forecast Bloomberg / Timothy R. Homan

U.S. Retail Sales Fell 0.8% in Week After Christmas Bloomberg / Heather Burke

U.S. office vacancies rise as recession bites Reuters

November pending home sales lowest in 7 years CNN / Catherine Clifford

Fed Focuses on Consumer, Corporate Rate Spreads Over Treasuries Bloomberg / Craig Torres

Raymond James CEO says company can't buy back auction-rate securities St. Petersburg Times / Jeff Harrington

Treasuries Fall as U.S. Increases Debt Sales to Spur Economy Bloomberg / Wes Goodman

The idea of keeping stocks through thick and thin is losing its popularity Pittsburgh Post Gazette / Tim Grant

U.S. health spending hits $2.2 trillion in 2007 Reuters / Maggie Fox

Nurses not hurting in falling economy AP via Boston Herald

Service Industries in U.S. Probably Contracted Most on Record Bloomberg / Shobhana Chandra

Metro-Area Foreclosure Sales Tripled in First 10 Months of 2008 Bloomberg / Bob Ivry

Bond Risk Increases on Concern Company Profits to Deteriorate Bloomberg / Aaron Pan

Toyota, Honda U.S. Slump Ends Gains Dating to Mid-90s Bloomberg / Alan Ohnsman and Mike Ramsey

Asian Stocks Extend Winning Streak on Weaker Yen, Chip Gains Bloomberg

Euro Falls on Speculation Report Will Show Slowing Inflation Bloomberg / Stanley White

The 'McMansion' trend in housing is slowing Christian Science Monitor / Patrick Jonsson



The case for a bond bubble Globe and Mail / Andrew Willis

Feds: Bernard Madoff is risk to flee Newsday / Anthony Destefano

U.S. Ban Being Lifted on Oil Shale in Wyoming, Utah Bloomberg / Daniel Whitten

The Fed's evolving liquidity toolkit Reuters

Muni bonds: Proceed with caution Fortune via CNN / Mina Kimes

Long Term Treasury Bonds: Update The Technical Take via Safehaven / Guy Lerner

U.S. stocks slammed by corporate warnings and jobs data Marketwatch / Kate Gibson

Rich man, poorer man The Economist

U.S. economic report shows poor hit hard Reuters

L.A. foreclosures up 69 percent from a year ago Reuters

Home buyers advised to look before they leap Marketwatch / John Spence

FL: Economist: Housing recovery 2 years away Bradenton Journal / Duane Marsteller

Oil tumbles 12% on still-growing supply CNN / Kenneth Musante and David Goldman

Governors to pare back agendas / Pamela M. Prah

Treasurys decline ahead of note auction Marketwatch / Deborah Levine

ADP Report Reflects Dark December Forbes / Maurna Desmond

Late loan payments hit record high in 3Q AP via USA Today

U.S. Economy: Companies Cut Payrolls at Faster Pace Bloomberg / Bob Willis and Courtney Schlisserman

Budget deficit seen hitting $1.2 trillion Reuters

Wednesday’s Analysis / Marty Chenard

U.S. Stocks Drop on Concern Over Worsening Jobs, Profit Outlook Bloomberg / Lynn Thomasson

Intel shocks with second warning on revenue from computer sales AP via Globe and Mail / Ritsuko Ando

Oil prices tumble below $45 on oil reserve report AP via Houston Chronicle / Dirk Lammers

Hedge Funds Try To Cope Forbes / David Serchuk

U.S. Shopping Mall Vacancies Reach 10-Year High as Stores Fail Bloomberg / Hui-yong Yu

The Joys of the Cinched Belt Lew Rockwell / Tom Chartier

Recession creates a load of problems for truckers LA Times / Ron White

Fed Officials Revive Discussion of Explicit Inflation Target Bloomberg / Craig Torres and Steve Matthews

Asia Money Managers Warm to Company Debt as Yields Shout `Buy' Bloomberg / Tom Kohn and Kim Kyoungwha

Treasuries Little Changed; Stock Gains Erode Demand for Safety Bloomberg / Wes Goodman

Obama's kitchen-sink economics Christian Science Monitor

Obama Predicts Years of Deficits Over $1 Trillion Washington Post / Lori Montgomery

Dollar Rises After GM Says May Not Need More Government Funds Bloomberg / Stanley White

Japanese Bonds May Rise on Speculation 2-Day Loss Was Excessive Bloomberg / Theresa Barraclough

Crude Oil Falls on Outlook for Weaker Economy Curtailing Demand Bloomberg / Margot Habiby and Samantha Zee

Asia Stocks Rise on Expectation U.S. Spending Will Boost Growth Bloomberg / Patrick Rial and Masaki Kondo

Australian Dollar Climbs to 3-Month High, N.Z. Currency Gains Bloomberg / Ron Harui

Zero Growth in China Is 2009 Black Swan Event Bloomberg / William Pesek


Did You Miss The Bottom? Forbes / David Serchuk

Housing and the Economy: Perspectives and Possibilities Federal Reserve Bank of Boston / Eric S. Rosengren

Yielding to none The Economist

Balance Sheet Cleanup and Foreclosure Mitigation: Still Missing from the Policy Toolkit Morgan Stanley / Richard Berner

Treasury Bills, Can You Hear the POP!? Smolski Investment Newsletter via Safehaven / Daniel Smolski

Amid big industry losses, some managers perform Marketwatch / Alistair Barr

New homes being built smaller USA Today / Wendy Koch

The case for doing nothing CNN / Chris Isidore

Gearing up for the jobs report CNN / Alexandra Twin

Billionaire investor places next supermarket bet Marketwatch / Matt Andrejczak

Mortgage rates dip to new all-time low CNN / Larissa Padden

Citi mulls endorsing bankruptcy reform: sources Reuters

Where car ownership is highest The Economist

CA: Lenders could be rocked by big quake San Diego Union Tribune / Emmet Pierce

Why isn't anybody scared about the 'stimulus' plan? Marketwatch / Tom Bemis

Older workers ‘bumping’ young down jobs ladder Las Vegas Sun / Megan McCloskey and Michael Mishak

Sears Climbs After Profit Forecasts Beat Analysts’ Estimates Bloomberg / Lauren Coleman-Lochner and Heather Burke

Hitting the Great Wal Marketwatch / Jim Jelter

Manufacturing Data Revisions Released Federal Reserve Bank of Philadelphia

2009 Will Be Very, Very Bleak Forbes / Nouriel Roubini

Labor’s Job Numbers Will Not Reflect any Reality NY Post / John Crudele

Initial jobless claims fall; continuing claims highest since 1982 Marketwatch / Ruth Mantell

Andrew Mellon vs. Bailout Nation Pimco / Bill Gross

Rewind or Fast Forward? Pimco / Curtis Mewbourne

Wal-Mart's Not Smiling Forbes / Carl Gutierrez

Thursday’s Analysis / Marty Chenard

U.S. Stocks Drop on Retail Forecasts; Wal-Mart, Macy’s Slump Bloomberg / Lynn Thomasson

Gold futures rise on weaker dollar, jobs data Marketwatch / Moming Zhou

Bank Of England's Historic Cut Forbes / Lionel Laurent

Currencies Trading All Over the Map Washington Post / Anthony Faiola

2008? That was easy Marketwatch / David Weidner

Defense spending as 'stimulus'? Christian Science Monitor / Gordon Lubold

Congress Urges Spending Restraint Washington Post / Lori Montgomery

Intel, Time Warner Shortfalls Signal Further U.S. Forecast Cuts Bloomberg / Sarah Rabil and Kelly Riddell

Lower oil prices curtail Chávez's global, domestic influence Christian Science Monitor / Tyler Bridges

Swap Spread Shows ‘Healing’ of Credit Markets: Chart of Day Bloomberg / Liz Capo McCormick

Treasuries Little Changed; Reports May Show Job Losses Climbed Bloomberg / Wes Goodman

A Crisis Trumps Constraint NY Times / Edmund L. Andrews

Oil below $43 after 12 pct fall, eyes US jobs data Reuters via Guardian / Jennifer Tan

Aluminum Faces ‘Extreme’ Downturn as Alcoa Cuts: Chart of Day Bloomberg / Claudia Carpenter

Euro Falls Against Dollar Before Jobless, Retail Sales Data Bloomberg / Stanley White

Microsoft to let consumers test Windows 7 on Fri Reuters via Guardian / Franklin Paul

Asian Stocks Drop, Wiping Out Most of 2009 Gains; Lenovo Slumps Bloomberg

Bank of England May Cut Benchmark Interest Rate to Record Low Bloomberg / Svenja O’Donnell and Brian Swint

Shirakawa Says Bank of Japan Still Has Tools to Support Economy Bloomberg / Lily Nonomiya


Bad quarter for banks...but just how bad? CNN / David Ellis

Best Buy narrows fiscal 2009 profit forecast AP via Minneapolis Star Tribune / Michelle Chapman

Stronger dollar could pressure earnings Marketwatch / Lisa Twaronite

U.S. Monetary Policy Objectives in the Short and Long Run Federal Reserve Bank of San Francisco / Janet L. Yellen

U.S. Drivers Keep Autos Longer, Shun Showrooms on Job-Loss Risk Bloomberg / Doron Levin

U.S. Stocks Drop, Capping Worst Week Since November, on Jobs Bloomberg / Lynn Thomasson

Brokers Disdain Toaster Salesmen in Bank America Deal Bloomberg / Edward Robinson

Rubin Retires as Citigroup Counselor, to Leave Board Bloomberg / Joshua Fineman

Financial Conditions and the Economic Outlook Federal Reserve Bank of Richmond / Jeffrey M. Lacker

Fed's Lacker-Fed cash flood poses inflation risks Reuters / Mark Felsenthal

The Fed's Bubble Trouble Safehaven / Peter Schiff

Treasury yields to head higher in 2009, big bond dealers say Marketwatch / Deborah Levine

SIFMA and ASF Statement on Bankruptcy Legislation SIFMA

Oil falls for fourth session on U.S. jobs data Marketwatch / Moming Zhou

Friday’s Analysis / Marty Chenard

Stocks Flop After Jobs Drop Forbes / Steve Schaefer

Volkswagen: The Odd One Out Forbes / Javier Espinoza

Circuit City in talks with 2 'interested parties' AP via Wichita Eagle / Michael Felberbaum

Deep discounts failed to help retail sales San Francisco Chronicle / Victoria Colliver

Industrial Output Falls Across Europe as Recession Deepens Bloomberg / Jana Randow

U.S. Stocks Drop on Concern Job Losses Show Worsening Recession Bloomberg / Lynn Thomasson

The Great Credit-Crunch Hoax of 2008 Ludwig von Mises Institute / Robert Higgs

The job market is worse than you think CNN / Paul R. La Monica

U.S. Economy: Payrolls Post Biggest Annual Decline Since 1945 Bloomberg / Shobhana Chandra

Number of unemployed in U.S. tops 11 million Detroit Free Press / Todd Spanger

U.S. Jobs Hemorrhage In '08 Forbes / Maurna Desmond

Worst year for jobs since '45 CNN / David Goldman

Gross Wins ‘Game of Chicken’ Shunning GMAC Debt Swap Bloomberg / Caroline Salas and Ari Levy

PA: Analysis: Metropolitan Area Employment Data pdf Federal Reserve Bank of Philadelphia

Crude falls below $40 for first time in 2009 AP via Houston Chronicle / Mark Williams

Commerzbank's mixed blessing The Economist

Ranks of jobless swell in Canada Globe and Mail / John Partridge

States swamped by spike in jobless rates / Christine Vestal

The U.S. Economic Outlook: The Aftermath of Leverage pdf Federal Reserve Bank of Kansas City / Thomas M. Hoenig

Fed’s Rosengren Calls for ‘Concerted’ Fiscal, Monetary Policies Bloomberg / Anthony Massucci and Craig Torres

Weak sales made holiday season one to forget for retailers Pittsburgh Post Gazette / Teresa F. Lindeman

U.S. Job-Market Collapse in 2008 Was Probably Biggest Since ’45 Bloomberg / Shobhana Chandra

Falling US consumer spending making tough times tougher Christian Science Monitor / Mark Trumbull

For BlackBerry, Obama’s Devotion Is Priceless NY Times / Stephanie Clifford

Dinosaurs of Motor City LA Times / Dan Neil

Feds say Madoff had plans for millions Pittsburgh Post Gazette / Larry Neumeister

Oil rebounds above $42 on Saudi cuts, eyes US data Reuters via Guardian / Jennifer Tan

Obama Uses Poll, Focus Groups to Sell Stimulus Plan to Congress Bloomberg / Lorraine Woellert and Hans Nichols

UK: Interest rate cut 'will starve banks of cash', as savers are deterred London Times / Gary Duncan

South Korea cuts interest rate to record low Marketwatch / Chris Oliver



Citigroup, Morgan Stanley discuss brokerage combo AP via Newsday / Madlen Read

Stocks: New Year, same problems CNN / Alexandra Twin

Treasuries Advance as Job Losses Fuel Concern Slump Worsening Bloomberg / Dakin Campbell

For many jobless, lives are on hold San Diego Union Tribune / Penni Crabtree

U.S. Payrolls Hemorrhage Is Likely to Persist After 2008 Drop Bloomberg / Rich Miller and Shobhana Chandra

Survey says shoppers thriftier, less loyal San Francisco Chronicle / Victoria Colliver

4,500 at Boeing to lose their jobs Seattle Times / Dominic Gates

A Plan to Jump-Start Economy With No Instruction Manual NY Times / Edmund L. Andrews and David M. Herszehorn

Gas prices heading back up San Francisco Chronicle / David R. Baker

U.K. Economy Shrank Most Since 1980, Niesr Data Show Bloomberg / Svenja O’Donnell


Hyundai bets on its customers Denver Post / Al Lewis

The Fearless Forecasts are out for 2009 Dallas Morning News / Scott Burns

The Reserve's Fallacious Monetary Theory Got Us Into This Mess Brookes News via Safehaven / Gerard Jackson

Making Do: Economy pushing people to make do and repair what they have The State / Kristy Eppley Rupon

Cobra takes big bite out of unemployment checks Marketwatch / Kristen Gerencher

Consumers will be looking for ways to cut spending in 2009 Allentown Morning Call / Gregory Karp

Unpaid fees put Florida condo owners in foreclosure St. Petersburg Times / Mike Brassfield

UK: Chancellor to quiz Bernanke on how to get funds flowing Guardian – Observer / Heather Stewart

Statistics show U.S. savings rate rises Denver Post / Aldo Svaldi

Payday loans mushroom among middle class LA Times via Pittsburgh Post Gazette / Kim Christensen

Many states' lottery sales are rising in recession AP via Houston Chronicle / Juanita Cousins

Second job now a top priority Washington Post via Seattle Times / Nancy Trejos

Sales, Consumer Prices Probably Dropped: U.S. Economy Preview Bloomberg / Bob Willis

Paying Down Mortgage Faster Can Make Sense – Sometimes Kiplinger via Washington Post / Kimberly Lankford

No surprise banks have tight grip on bailout money St. Louis Post Dispatch / David Nicklaus

Morgan Stanley could pay $2-3 billion for Smith Barney Reuters / Dan Wilchins

What Wells Fargo plans to do on a bigger stage San Francisco Chronicle / James Temple

FDIC faces up to $10B whack on Indymac loans NY Post / Teri Buhl

ETFs bolstered by flight to index funds Marketwatch / John Spence

Detroit Goes for Electric Cars, but Will Drivers? NY Times / Bill Vlasic

Volkswagen Sales Rise 0.6% as Skoda, Audi Win Buyers Bloomberg / Nicholas Comfort and Andreas Cremer

Is Government Spending Too Easy an Answer? NY Times / N. Gregory Mankiw

Ruble Falls Against Dollar as Central Bank Devalues Currency Bloomberg / Denis Maternovsky


Governor Randall S. Kroszner resigns from Board of Governors of the Federal Reserve System, effective January 21, 2009 Federal Reserve Board

Bad, but still relatively good Marketwatch / Mark Hulbert

Sony seen reporting 1st operating loss in 14 years Marketwatch

Stock Sales to Reduce Debt May Be Boon to Bankers Bloomberg / Elisa Martinuzzi

South Florida's economy under water Miami Herald / Nissa Benjamin

Doomsayers warn: 'No recovery before 2010' Marketwatch / Paul B. Farrell

The incredibly shrinking Citigroup CNN / David Ellis

Hedge funds, battered in '08, brace for more pain AP via Houston Chronicle / Stevenson Jacobs

Fed could keep rates near zero in '09 Reuters via CNN

Consumer-Loan Bond Spreads Fall as Hopes for Federal Plan Rise Bloomberg / Sarah Mulholland

Treasury bond market at a glance AP via Houston Chronicle

Stocks tumble as oil falls on economic worries AP via Seattle Times

Reports: Sony to post massive operating loss AP via Houston Chronicle

U.S. air travel down in 2008 Bloomberg via Chicago Tribune

Aspen reports lower skier visits for holidays AP via Denver Post

FL: Scary parts still to come for economy South Florida Sun Sentinel / Jim Stratton

Report: U.S. could lose another 2 million jobs Phoenix Business Journal via San Jose Business Journal

Atlanta Fed president starts effort to bolster confidence Marketwatch / Greg Robb

New Monetary Policy and the Economic Outlook Federal Reserve Bank of Atlanta / Dennis P. Lockhart

What’s Behind Volatile Import Prices from China? Federal Reserve Bank of New York /  Mary Amiti and Donald R. Davis

Profit warnings spike amid deepening downturn Marketwatch / Laura Mandaro

Stocks Bounce Back In Midday Trade Investors Business Daily / Vincent Mao

U.S. stocks struggle for fourth straight day Marketwatch / Kate Gibson

Bond prices rise as stocks fall Reuters / Ellen Freilich

A reported joint venture between Citigroup and Morgan Stanley prompts worrying questions The Economist

Citigroup Comes Undone Forbes / Liz Moyer

Bank of America May Post $3.6 Billion Loss, Citi Says Bloomberg / David Mildenberg and Linda Shen

Stocks pull back in quiet trading ahead of earnings reports; Energy, financial stocks decline AP via Chicago Tribune / Sara Lepro

Monday’s Analysis / Marty Chenard

U.S. Housing Market Still Offers Hidden Value Bloomberg / John F. Wasik

Where people enjoy most freedom The Economist

Crude Oil Tumbles Below $40 as Demand Drops Faster Than Supply Bloomberg / Mark Shenk

Oil's descent will help airlines take off Chicago Tribune / Julie Johnsson

Survivors of Crash of 2008 see better times ahead Marketwatch / Peter Brimelow

UK: You can't buy confidence when the economy is in a state of collapse Independent / Stephen King

Bank of England sails into uncharted waters Marketwatch / David Marsh

Good times for repair shops and secondhand stores Christian Science Monitor / Ben Arnoldy

Jobless claims overwhelm state offices Christian Science Monitor / Ron Scherer

TIPS Irresistible to Gross as Protection Is ‘Cheap’ Bloomberg / Daniel Kruger

The bond bubble has long since burst: investors, ignore this at you peril Telegraph / Ambrose Evans-Pritchard

Asian Stocks Drop as U.S. Unemployment Jumps; Woodside Falls Bloomberg / Shani Raja

Citigroup May Book $10 Billion Gain From Morgan Stanley Deal Bloomberg / Bradley Keoun and Christine Harper

Deutsche Bank Trading Losses Reveal Industry Setback Bloomberg / Aaron Kirchfeld and Jacqueline Simmons

Euro Falls Versus Dollar, Yen on Speculation ECB Will Cut Rates Bloomberg / Ron Harui




Troubled Asset Relief Program Federal Reserve Board / Donald L. Kohn

Junk Debt Showing Great Depression Defaults Lures TCW Bloomberg / Caroline Salas and Pierre Paulden

Bernanke wades into economic policy muddle Christian Science Monitor / Laurent Belsie

All that Glittering Didn't Make It Golden / Stephen Taub

Senior health spending still heaviest U.S. debt Dallas Morning News / Jim Landers

Fannie Mae bans evictions of renters AP via Palm Beach Post / Alan Zibel

Dallas-Fort Worth retail leasing fell 50% in 2008 Dallas Morning News / Steve Brown

Where in the world think-tanks cluster Economist

Pilot Suspected of Faking Death Captured in Fla. ABC News / Sarah Netter and Marisa Bramwell

Financial Conditions and the Economic Outlook Federal Reserve Bank of Richmond / Jeffrey Lacker

Treasury nominee says he failed to pay taxes AP via Seattle Times / Brett J. Blackledge

Cedit Crisis Teaches The Value of Saving Money NY Post / John Crudele

U.S. Economy May Shrink 1.5% in 2009 as Recession Stymies Fed Bloomberg / Shobhana Chandra and Alex Tanzi

Stocks struggle on earnings woes CNN / Alexandra Twin

Muni Bonds Surge Amid Demand for New York, Arizona Offerings Bloomberg / Jeremy R. Cooke

U.S. Shorter-Term Notes Little Changed Before Economic Reports Bloomberg / Dakin Campbell

R.I.P. the financial supermarket Marketwatch / David Weidner

Priorities for the Next Administration: Use of TARP Funds Under the emergency Economic Stabilization Act of 2008 FDIC / John F. Bovenzi

The Crisis and the Policy Response Federal Reserve Board / Ben S. Bernanke

Spooked By The Federal Reserve Forbes / David Serchuk

Bernanke Urges ‘Strong Measures’ to Stabilize Banks Bloomberg / Craig Torres

Bernanke: More bank bailouts needed CNN / Chris Isidore

Trade deficit in Nov. plunges to lowest level in 5 years as oil imports drop by record amount AP via Chicago Tribune / Martin Crutsinger

The Most Intense Period Of The Recession Is Behind Us Forbes / Brian S. Wesbury and Robert Stein

Credit Bubbles Caused The Crisis Forbes / Oxford Analytica

Economic woes lead to bankruptcy boom San Francisco Chronicle / Justin Berton

That house may fit your budget now Orlando Sentinel / Jerry W. Jackson

Investor Treasuries outlook mainly neutral – poll Reuters / Chris Reese

Tuesday’s Analysis / Marty Chenard

Lexmark shares fall on reduced earnings outlook Reuters via CNN

Exodus: Californians flee for a better life AP via Allentown Morning Call / Michael R. Blood

Citigroup confirms brokerage merger talks with Morgan AP via USA Today

People in a fix are swelling the ranks of the do-it-yourselfers LA Times / Cynthia Dizikes

U.S. Economy May Shrink 1.5% in 2009 as Recession Stymies Fed Bloomberg / Shobhana Chandra and Alex Tanzi

Trade Deficit in U.S. Probably Narrowed on Falling Oil Prices Bloomberg / Courtney Schlisserman

New 'black gold' looms in Western states / Dan Luzadder

Oil falls to near $37 on gloomy demand outlook AP via Miami Herald / Alex Kennedy

Is the recession Bush's fault? Christian Science Monitor / Mark Trumbull

John Kerry hits tax break Boston Herald / Jay Fitzgerald

Germany Is Planning a Bigger Stimulus Package NY Times / Judy Dempsey

China’s Exports Fall by Most Since 1999 on Recession Bloomberg / Li Yanping and Nipa Piboontanasawat

Treasuries Little Changed; Yield at One-Week Low as Stocks Fall Bloomberg / Wes Goodman

Florida denies State Farm's proposed 67 percent homeowner insurance rate increase South Florida Sun Sentinel / Julie Patel

Oil Extends Slump to Sixth Day on Speculation Stockpiles Rising Bloomberg / Christian Schmollinger

Asian Stocks Fall as Commodity Producers, Automakers Decline Bloomberg / Patrick Rial and Masaki Kondo

Euro Falls Toward One-Month Low on ECB Outlook, Spain’s Rating Bloomberg / Stanley White


Japanese machinery orders' fall largest in 21 years Marketwatch / Chris Oliver

The Tech Pulse Index: Recent Trends in Tech-Sector Activity Federal Reserve Bank of San Francisco

Record Deficit to Bring Scrutiny to U.S. Rating, Barclays Says Bloomberg / Susanne Walker

Bank of America to get more government help: WSJ Marketwatch / Alistair Barr

Mexico sees daily oil at 3 million barrels by 2015 AP via Seattle Times

Barack Obama inauguration expected to be bigger than Super Bowl Telegraph / John Bingham

What does a $1.2 trillion budget deficit look like? Christian Science Monitor / Ron Scherer

Stimulus could hurt transportation bill / Stephen C. Fehr

NYC Mayor Said to Plan for Creating 400,000 Jobs in Six Years Bloomberg / Henry Goldman

Microsoft’s shadow looms over new Yahoo CEO AP via MSNBC

Beige Book Federal Reserve Board

Gloomy Fed offers no joy AP via Globe and Mail / Jeannine Aversa

Why Steve Jobs Is Bigger Than Bill Gates Forbes / Brian Caulfield

U.S. Stocks Drop on Retail Sales Slump; Citigroup, Macy’s Fall Bloomberg / Eric Martin

Wall Street Derailed Forbes / Steve Schaefer

Barack Obama Gets 71% Approval in Poll, Wall Street Journal Says Bloomberg / Vivek Shankar

The Economic Outlook and Some Challenges Facing the Federal Reserve Federal Reserve Bank of Philadelphia / Charles I. Plosser

Fed May Find Expectations Defy Easy Managing Bloomberg / Caroline Baum

Fault lines emerge at Fed Marketwatch / Greg Robb

Treasurys gain as retail sales worse than feared Marketwatch / Deborah Levine

VIX Heads for Highest Close Since Dec. 16 as Bank Stocks Drop Bloomberg / Jeff Kearns

Wall Street tumbles CNN / Alexandra Twin

Walgreens to cut about 1,000 positions in 2009 Marketwatch / Sue Chang

Wednesday’s Analysis / Marty Chenard

15 Great Stocks From the Great Depression / Dan Burrows

Financials see red as Citi slips below $5 Marketwatch / Sam Mamudi

U.S. Economy: Retail Sales Decline for a Record Sixth Month Bloomberg / Bob Willis

Retail sales dive as holiday spending slumps Reuters / Lucia Mutikani

U.S. December Import Prices Fall for Fifth Month Bloomberg / Timothy R. Homan

Oil falls below $36 CNN / Catherine Clifford

Gold hits five-week low, pacing loss in oil, stocks Marketwatch / Moming Zhou

Canada won't avoid recession, Conference Board says Globe and Mail / Lori McLeod

UK job losses mount despite government efforts AP via Houston Chronicle / Jane Wardell

Deaths of women and children in Gaza The Economist

Fed Wants New Effort to Cleanse Banks Hobbled by Toxic Assets Bloomberg / Craig Torres

Treasuries Fall as U.S. Economic Plans May Spur Larger Auctions Bloomberg / Wes Goodman

Hospitals feel ill effects of recession LA Times / Lisa Girion and Mark Medina

In past recessions, sales of luxury cars held on USA Today / Sharon Silke

New year means new willingness to assume risk Marketwatch / Mark Hulbert

In Michigan, Bank Lends Little of Its Bailout Funds NY Times / Eric Lipton and Ron Nixon

Obama Faces Rebellion From Democrats on Stimulus, Nominations Bloomberg / Brian Faler

Asian Stocks Gain for First Time in Five Days; Fujitsu Climbs Bloomberg / Patrick Rial and Masaki Kondo

Oil Rises a Second Day as OPEC May Make Deeper Production Cuts Bloomberg / Christian Schmollinger

Oil rises 3 pct on U.S. cold snap, Saudi cuts Reuters via Guardian / Fayen Wong

Dollar Weakens Versus Euro on Speculation Retail Sales Declined Bloomberg / Stanley White

China’s Economy Overtook Germany’s in 2007, Data Show Bloomberg / Nipa Piboontanasawat

China may have passed Germany with GDP revision Marketwatch / Chris Oliver


The Outlook for 2009: Economic Turmoil and Policy Responses Federal Reserve Bank of San Francisco / Janet L. Yellen

January 2009 Business Outlook Survey Federal Reserve Bank of Philadelphia
New York
Fed Endorses TMPG's U.S. Treasury Securities Fails Charge Trading Practice Federal Reserve Bank of New York

Fed's Duke-Fed close to US foreclosure relief plan Reuters / Mark Felsenthal

Fed seeking ways to stop the downward spiral Reuters / Ros Krasny

"B" Is for Bond Issues / Stephen Taub

Fed Sees Sharp Decline in Commercial Paper / Stephen Taub

Maybe The Bond Market Is Right Technical Take via Safehaven / Guy Lerner

Wall Street layoff storm also soaks office landlords Reuters / Helen Chernikoff

Economics sore subject for public schools / Pauline Vu

'President Bush defends record in farewell address Marketwatch / Dan Gallagher

Video game sales beat targets for December Marketwatch / Dan Gallagher

Intel profit sinks 90% CNN / Ben Rooney

Oil languishes near $35 on weak US economy AP via Houston Chronicle / Alex Kennedy

Fixed-mortgage rates fall below 5% AP via Chicago Tribune

The Real Problem With Geithner for Treasury / Jonathan Hoenig

Retail woes look set for the long haul AP via Allentown Morning Call / Martin Crutsinger

U.S. Home Prices Will Continue to Tumble Until 2010, PMI Says Bloomberg / Bob Ivry

Gold little changed after hitting five-week low Marketwatch / Moming Zhou

Oil falls as demand crumbles CNN / Kenneth Musante

Reality of lousy profits bites NY Post / John Crudele

Stock market pounding extends Dow's losing run Marketwatch / Kate Gibson

Wall Street extends decline as worries about bank balance sheets weigh on markets anew AP via Chicago Tribune / Sara Lepro and Tim Paradis

S&P 500 Erases Half its Rally Since November in Bearish Signal Bloomberg / Elizabeth Stanton and Jeff Kearns

How traders' testosterone levels affect their income The Economist

CEO departures break record Fortune via CNN / Jennifer Reingold

U.S. Stocks Fall on Jobless Claims, Prices Data; Banks Slump Bloomberg / Eric Martin

Bonds slip, steady stocks pare safe haven appeal Reuters / John Parry

Bond Rally Falters on Economy, Bank Capital Concern Bloomberg / John Glover

Jobless claims surge CNN / Lara Moscrip

Jobless claims rebound, inflation muted Reuters / Lucia Mutikani

Wholesale prices fall for 5th straight month CNN / Catherine Clifford

Foreclosures up by 81% in U.S. Detroit Free Press / Greta Guest

JPMorgan Profit Drops 76 Percent on Asset Writedowns Bloomberg / Elizabeth Hester

Eurozone interest rates cut to 2% BBC News

How to Steal Billions in Plain View: Bernanke’s Robber Banks Lew Rockwell / Michael S. Rozeff

Economists say recovery unlikely until mid-year Pittsburgh Post Gazette / Ann Belser

Banks defend lending Boston Herald / Jay Fitzgerald

Treasuries Rise, Yields Approach Record Lows as Stocks Decline Bloomberg / Wes Goodman

Bank of Japan May Purchase Corporate Bonds to Counter Recession Bloomberg / Mayumi Otsuma and Masahiro Hidaka

'Progressive Journalism' and the End of the Newspaper Era Lew Rockwell / William L. Anderson

Where Is Oil Going Next? NY Times / Clifford Kraus

Oil rises to near $39 on Bernanke comments AP via Detroit News / Alex Kennedy

Asian Currencies Drop, Led by Won, Rupiah, on Global Slowdown Bloomberg / Kim Kyoungwha and David Yong

Japan Machinery Orders Fall by Record 16.2% as Exports Collapse Bloomberg / Jason Clenfield

Foreign Direct Investment in China Falls 5.7 Percent Bloomberg / Li Yanping