Bondhead News Archive

January 16 – January 31

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CA: County median home price at $300,000 San Diego Union Tribune / Roger Showley

Bear market will send pension costs soaring St. Louis Post Dispatch / David Nicklaus

Global Inflation Dynamics Federal Reserve Bank of Kansas City / Craig S. Hakkio

Throw Citi and BofA out of the Dow! CNN / Paul R. La Monica

Two U.S. banks fail, first casualties in 2009 Reuters / Susan Heavey

IBM Could Feel The Pinch Forbes / Andy Greenberg

Beer sales in U.S. falling flat AP via Detroit News / Emily Fredrix

Indexes Swing Back into the Black / Mark Glassman

Pimco’s Gross Buys U.S. Debt for First Time in Year Bloomberg / Dakin Campbell and Neil Unmack

U.S. Treasuries Decline as Government Bails Out Bank of America Bloomberg / Suasanne Walker and Daniel Kruger

Calif. considers 30-day delay on state tax refunds AP via Washington Post / Judy Lin

California to Delay Payments for Bills, Tax Refunds Bloomberg / Michael B. Marois and William Selway

Multiple Applications for Mortgages Washington Post / Dina ElBoghdady

John Lee's Calls On Gold And Various Markets For 2009 / John Lee

Jobs: Body Count Piles Up / Stephen Taub

Inflation slows to half-century low in 2008 Reuters / Lucia Mutikani

Shopping centers face bleak times as retailers fall victim to recession Seattle Times / Melissa Allison and Amy Martinez

Saving and Spending Bullion Vault via Safehaven / Adrian Ash

To buy or not to buy: In tight times, more folks are renters Orlando Sentinel / Jerry W. Jackson

Circuit City to Begin Liquidation Washington Post / V. Dion Haynes

Hertz to eliminate more than 4,000 positions Seattle Times

Friday’s Analysis / Marty Chenard

The Dow 30 And The Last Man Standing Technical Take via Safehaven / Guy Lerner

S.F. Fed chief explains moves to revive economy San Francisco Chronicle / Tom Abate

Federal Reserve Events Reuters

Mexico cuts rates by 50 bps to boost economy Reuters / Noel Randewich and Jason Lange

Dow May Fall to 6,000 Should Low Break, Acampora Says Bloomberg / Elizabeth Stanton

Bond prices tumble CNN / Catherine Clifford

U.S. Industrial Production Fell 2% in December, Led by Autos Bloomberg / Courtney Schlisserman

Consumer prices fall again in December AP via LA Times

BofA: $20B bailout, huge Merrill loss CNN / David Goldman

Citigroup: The Breakup Investors Sought Forbes / Carl Gutierrez

Citi splitting into two after $8.3 billion loss CNN / David Ellis

Gold futures rise for first day in five as dollar falls Marketwatch / Moming Zhou

Rescue of Banks Hints at Nationalization NY Times / Edmund L. Andrews

Treasuries Decline on U.S. Economic Plan, Gain in Asian Stocks Bloomberg / Wes Goodman

Only weak evidence that Thursday's reversal marked the low Marketwatch / Mark Hulbert

U.S. Consumer Prices Probably Had First Annual Drop Since 1954 Bloomberg / Timothy R. Homan

Scramble for solutions as foreclosures rise at record speed Christian Science Monitor / Alexandra Marks

Goldman Sachs downgrades HSBC to sell Marketwatch / V. Phani Kumar

Obama Pledges Entitlement Reform Washington Post / Michael D. Shear

China’s Stocks Rise, Set for Weekly Gain; Machine Makers Climb Bloomberg / Zhang Shidong

Global economy to shrink; deflation greatest threat, says UN London Times / Gary Duncan

Mars Vents Methane in What Could Be Sign of Life Washington Post / Marc Kaufman


Several Banks Look Tempting For Those Who Are Patient Wall Street Journal / Andrew Barry

Economist says U.S. is long way from a depression Sacramento Bee / Dale Kasler

Economy Keeps Taking Hits; Bush Team Sees 2010 Rebound Washington Post / Neil Irwin and Annys Shin

The Growing Foreclosure Crisis Washington Post / Dina ElBoghdady and Sarah Cohen

Treasuries Post Weekly Gain as Bank Turmoil Renews Haven Demand Bloomberg / Daniel Kruger and Susanne Walker

Up to 11,000 jobs may go at GE Capital NY Post / Paul Tharp

Federal Mortgage Banks Show Stress Washington Post / Binyamin Appelbaum

U.S. Stocks Fall for Second Week; Citigroup Leads Bank Retreat Bloomberg / Elizabeth Stanton

Euro Drops in Longest Stretch of Losses Since November on ECB Bloomberg / Molly Seltzer and Ye Xie

Bailed-Out Firms Have Tax Havens, GAO Finds Washington Post / Carol D. Leonnig

Citigroup Reports Big Loss and a Breakup Plan NY Times / Eric Dash

Circuit City Starts Going-Out-of-Business Sales at U.S. Stores Bloomberg / Mark Clothier and Steven Church

21,000 Jobs Worldwide Erased in Day as Recession Chokes Demand Bloomberg / Oshrat Carmiel


MI: How low can homes go? Try $0 Denver Post / Al Lewis

Warsh Stays at Fed Board as Geithner Successor Sought Bloomberg / Craig Torres

Active funds may be way to go in bonds Allentown Morning Call / Gail MarksJarvis

Book says inflation rates of 1970s could return USA Today / David J. Lynch

Buffett says US in 'economic Pearl Harbor' AP via Houston Chronicle / Timberly Ross

Many choose to sell their jewelry for a good price in bad economy Modesto Bee / David W. Hill and M.S. Enkoji

Bankruptcy is on the rise again after slipping in wake of new law Pittsburgh Post Gazette / Tim Grant

Pay-raise projections raises dip below 3% Chicago Tribune / Hanah Cho

Refinancing eludes many as rates fall San Francisco Chronicle / Carolyn Said

Gold's ups and downs Allentown Morning Call / Andrew Leckey

Stocks: Here come the earnings CNN / Alexandra Twin

Stocks' bottom in sight. Again. Marketwatch / Peter Brimelow and Edwin S. Rubenstein

Tech industry tightening its belt for new year Marketwatch / Jeffry Bartash and Dan Gallagher

Look for These Signs That the Market Could Be Near Bottom Washington Post / Andrew Tanzer

More earnings could answer questions about economy AP via Miami Herald / Tim Paradis

'Anything possible,' Obama tells joyous crowd AP via Washington Post / David Espo and Ben Feller

IL: Downtown deals and housing downturn allow renters to go upscale Chicago Tribune / Mary Ellen Podmolik

Real Estate Appraisers Face Big Changes Business Week / Christopher Palmeri

To Co-Sign or Not to Co-Sign Kiplinger via Washington Post / Anne Kates Smith

US turns to 'bad bank' scheme to revive economy Telegraph / James Quinn

Where's a safe spot to stash your cash? Orlando Sentinel / Richard Burnett

Hedge funds, battered in '08, brace for more pain AP via Palm Beach Post / Stevenson Jacobs

America is rising up over Madoff Dallas Morning News / Scott Burns

Russians hoard cash as fear of crisis takes hold Guardian – Observer / Heather Stewart and Kathryn Hopkins



UK: Another shot in the arm The Economist

Rates: When Zero Is Way Too High Business Week / Peter Coy

Munis won't yield more than Treasuries forever Marketwatch / Mark Hulbert

Florida's bond rating downgraded to 'negative' St. Petersburg Times

Boaters' dreams sink with economy Chicago Sun Times / Kara Spak

IL: Chase to close 57 WaMu branches here Chicago Tribune / Becky Yerak

Treasury Demands Banks With TARP Funds Report Lending Activity Bloomberg / Rebecca Christie

Treasury Yields Flattened as Fed Fights to Cut Mortgage Rates Bloomberg / Liz Capo McCormick and Dakin Campbell

South California home sales up 50 pct but prices fall Reuters / Lisa Baertlein

Has California Real Estate Bottomed? Safehaven / J.D. Rosendahl

The Minimum Wage, Discrimination, and Inequality Ludwig von Mises Institute / Art Carden

From broker to bartender CNN / Jessica Dickler

The hope and change index The Economist

Strengthening or Weakening the Economy? Texas Straight Talk via Safehaven / Ron Paul

Pound Falls Versus Euro, Dollar on U.K. Bank Plan; Ruble Drops Bloomberg / Lukanyo Mnyanda

To Unfreeze Credit, Stop Coddling Debtors Forbes / John Tamny

Big and small retailers prepare to weather the weak economy and newly frugal consumers Newsday / Keiko Morris

Bernanke and Obama's Advisors are Wrong: Deflation Did Not Threaten the US Economy Brookes News via Safehaven / Gerard Jackson

U.S. economy may sputter for years LA Times via Denver Post / Peter G. Gosselin

Housing bust reverses minority ownership rate AP via Denver Post / Alan Zibel

Hotel industry prepares for worst of times Chicago Tribune / Roger Vincent

Oil falls below $35 ahead of busy earnings week AP via Washington Post / Pablo Gorondi

What Recession? The $170 Million Inauguration ABC News / Scott Mayerowitz

Barack Obama is poised to become president, bolstered by enormous public goodwill The Economist

Bush Makes Farewell Phone Calls to World Leaders Bloomberg / Roger Runningen

California Finds Public-Works Spending No Unemployment Cure-All Bloomberg / Vivien Lou Chen

EU predicts ‘deep' recession Globe and Mail / Aoife White

Japan Stocks Rise as Higher Oil Lifts Resource Firms, Traders Bloomberg / Masaki Kondo

Asian Stocks Rally on Commodity Prices, Yen; BHP, Honda Gain Bloomberg / Shani Raja

Yen Falls on Speculation U.S. Plan Will Inject Funds Into Banks Bloomberg / Ron Harui

UK: Firefighters are failing and we're all getting scorched London Times / Gary Duncan

China’s Economy Probably Expanded at Slowest Pace in 7 Years Bloomberg / Kevin Hamlin

UK: Bank of England was powerless in the face of excessive credit growth Independent / Stephen King


Microsoft expected to cut jobs as profit weakens Reuters / Franklin Paul and Jim Finkle

Four questions for Tim Geithner Fortune via CNN / Colin Barr

Economy squeezes day care centers Detroit News / Jaclyn Trop

TREASURIES-Losses erased as stock slide revives safety bid Reuters

New President, Same Old Street Forbes / Steve Schaefer

Stock market doesn't share Inauguration Day optimism USA Today / Adam Shell

Fiat and Chrysler create alliance BBC News

Life Insurers Seek Lower Cash Cushions Washington Post / David S. Hilzenrath

Barack Obama's sober speech The Economist

Obama speech: Can hope trump deflation? Christian Science Monitor / Laurent Belsie

From FDR to Clinton, Parallels and Cautionary Notes Washington Post / David S. Broder

For impoverished blacks, a sense of pride, doubt Boston Globe / Joseph Williams

Review and Preview Morgan Stanley / Ted Wiseman

Ameritrade Profit Falls 23% as Rate Cuts Trim Revenue Bloomberg / Edgar Ortega

ETFs can be attractive, but they're never a sure bet USA Today / Matt Krantz

Tuesday’s Analysis / Marty Chenard

Gold rises on worries recession will deepen Marketwatch / Moming Zhou

Treasurys dip as supply concerns weigh Marketwatch / Nick Godt

How the President can help the economy NY Post / John Crudele

Bernanke Tells It Like It Is, Some Don’t Listen Bloomberg / John M. Berry

Bond prices fall as Obama takes over CNN / Catherine Clifford

Loan Defaults, Deflation and Bonds The Speculative Investor via Safehaven / Steve Saville

U.S. Stocks Fall on Profit Concern; State Street, Wells Tumble Bloomberg / Elizabeth Stanton

Surviving the recession: Don't miss returns when stocks recover Orlando Sentinel / Richard Burnett

Oil rebounds from 10% plunge CNN / David Goldman

Canada Cuts Rate to Record 1%, Signals More Easing Bloomberg / Greg Quin

Man, not messiah Toledo Blade

Caroline Kennedy Might Help Throw the Bums Out Bloomberg / Caroline Baum

Why banks still teeter, after $232 billion in aid Christian Science Monitor / Ron Scherer

Federal Home Loan Banks may have to borrow from U.S. Washington Post via LA Times / Binyamin Appelbaum

Treasuries Fall on Speculation Obama Will Borrow Record Amount Bloomberg / Wes Goodman

Cost of Borrowing Zooms Up for Corporations NY Times / Jack Healy and Vikas Bajaj

More Americans Joining Military as Jobs Dwindle NY Times / Lizette Alvarez

Banks Foreclose on Builders With Perfect Records NY Times / John Collins Rudolf

Oil Falls Below $35 as Global Recession Reduces Fuel Demand Bloomberg / Gavin Evans

RBS Will Be First Guinea Pig for ‘Creeping Nationalization’ Bloomberg / Jon Menon and Andrew MacAskill

Asia Stocks Decline as RBS Forecast Signals Deepening Recession Bloomberg

Yen Climbs to Near Record Versus Pound on Rising Credit Concern Bloomberg / Ron Harui

Japan’s Demand for Service Falls as Consumer Spending Weakens Bloomberg / Toru Fujioka

N.Z. Fourth-Quarter Consumer Prices Fall, Led by Fuel Bloomberg / Tracy Withers


Mind the (Approximation) Gap: A Robustness Analysis Federal Reserve Bank of Kansas City / Russell Cooper and Jonathan L. Willis

Making Sense of the Subprime Crisis Federal Reserve Bank of Boston / Kristopher S. Gerardi, Andreas Lehnert, Shane M. Sherland, and Paul S. Willen

Food banks: 30% rise in needy CNN / David Goldman

Pay freezes spread during recession AP via Seattle Post Intelligencer / Jeannine Aversa

Another fine mess The Economist

Ericsson reports profit drop, to cut 5,000 jobs AP via Dallas Morning News

Geithner apologizes for not paying taxes AP via Pittsburgh Post Gazette / Martin Crutsinger

A $17 Trillion Alliance Can Save World Economies Bloomberg / William Pesek

Better Air Quality Makes U.S. Lives Longer, Harvard Study Says Bloomberg / Elizabeth Lopatto

Apple profit beats expectations, shares jump Reuters / Gabriel Madway

Apple Understates The Insanely Great Forbes / Brian Caulfield

EBay forecast disappoints Wall St view; shares drop Reuters / Alexandria Sage

More immigrants can help economy grow Baltimore Sun / Jay Hancock

Clinton approved by Senate as top U.S. diplomat Reuters / John Whitesides

Treasuries Decline Amid Concern Government Debt Sales to Swell Bloomberg / Dakin Campbell and Anchalee Worrachate

Investors cheer Northern Trust's results Marketwatch / John Spence

An Italian lifeline The Economist

GM loses global sales crown after 77 years Reuters

Wednesday’s Analysis / Marty Chenard

IBM Beats Street, Lifting Stocks Forbes / Steve Schaefer

United Airlines to cut 1,000 jobs CNN

Hedging losses drive UAL 4Q loss of $1.3 billion AP via Denver Post / Joshua Freed

Stocks Rebound in Morning Trading Washington Post / Renae Merle

Geithner Says Obama Economic Plan Will Come in Weeks Bloomberg

Stimulus Projects May Be Slow, CBO Says Washington Post / Lori Montgomery

We can't spend our way out of this quagmire St. Louis Post Dispatch / David C. Rose and Lawrence H. White

Bay Area rental market gives tenants an edge San Francisco Chronicle / Carolyn Said

Dollar slips; yen is session winner Marketwatch / Lisa Twaronite and William L. Watts

Tippling less? The Economist

Pimco Quits GM Bondholder Group After Reneging on GMAC Deal Bloomberg / Caroline Salas and Kathleen Hays

Federal Reserve Events Reuters

US chain store sales fall 2.3 pct last week-Redbook Reuters

Four questions for Tim Geithner Fortune via CNN / Colin Barr

Ninety-Nine Days And Counting Forbes / Thomas F. Cooley

Google As Economic Barometer Forbes / Quentin Hardy

Gold futures edge lower, as U.S. dollar is mixed Marketwatch / Polya Lesova

Ponzi dreamers, schemers Denver Post / Al Lewis

Barclays Falls Seventh Day on Nationalization Concern Bloomberg / Jon Menon

German economy faces gloomy 2009 BBC News

States urged to help more jobless workers / Christine Vestal

Colleges scramble to help cash-strapped students Christian Science Monitor / Stacy Teicher Khadaroo

More consumers say shopping at dollar stores makes sense Orlando Sentinel / Sandra Pedicini

A new dawn, new fears for Obama presidency Marketwatch / Russ Britt

Tuesday's drop has little to do with it being Inauguration Day Marketwatch / Mark Hulbert

Asia Stocks Slump on Concern Bank Losses Will Prolong Recession Bloomberg / Shani Raja

Oil edges up above $41 but eyes weak stocks, demand Reuters / Maryelle Demongeot

Yen Falls as Gain in U.S. Stock Futures Spurs Demand for Yield Bloomberg / Ron Harui

Singapore Economy May Fall by Record, Spurring Public Spending Bloomberg / Shamim Adam and Chen Shiyin



Here's $9.62. Go Save The Economy Forbes / Joshua Zumbrun

Pre-empt deflation with pre-refunded muni bonds Marketwatch / Alexander Anderson, Jr.

New refinance boomlet may lift economy, a bit Christian Science Monitor / Mark Trumbull

New homes get smaller Marketwatch / Amy Hoak

Google profit beats on strong ad sales Reuters / Yinka Adegoke

Ex-Merrill chief Thain leaving Bank of America CNN / David Ellis

Obama faces challenges as first 'tech president' Pittsburgh Post Gazette / Elwin Green

Beware of Greeks bearing gilts The Economist

Can Fiscal Stimulus Revive the US Economy? Ludwig von Mises Institute / Frank Shostak

Don't bet on bank nationalization CNN / David Ellis

Apple rises 7 percent following strong results Reuters

Microsoft Fails to Soothe Investors as Recession Stifles Growth Bloomberg / Rochelle Garner and Dina Bass

Diving consumer demand hits technology firms Reuters / Tiffany Wu and Tarmo Virki

Americans ‘Get’ TARP, They Just Can’t Stand It Bloomberg / Caroline Baum

We can protect ourselves from inflation but may not need to Dallas Morning News / Scott Burns

U.S. Treasuries Fall as Geithner Raises Foreign-Demand Concern Bloomberg / Dakin Campbell

Stocks Extend Losses Near Halftime Investors Business Daily / Vincent Mao

A sobered Google poised to post results Marketwatch / John Letzing

Thursday’s Analysis / Marty Chenard

Oil price falls on report of unexpectedly high supplies Bloomberg via Houston Chronicle

CA: Home sales soar as foreclosures drive down prices San Francisco Chronicle / Carolyn Said

30-year fixed rated climbs back above 5% CNN / Larissa Padden

Clear Channel cutting 1,850 radio jobs nationwide Pittsburgh Post Gazette / Adrian McCoy

The other job Geithner gets may be troublesome NY Post / John Crudele

The Big Mac index The Economist

US RATE FUTURES-See Fed rates on hold far into 2009 Reuters

Bank of Japan Jumps into Commercial Paper Market / Stephen Taub

Pimco to Expand Money-Market Funds After Missing 2008 Surge Bloomberg / Miles Weiss

Bonds higher as stock futures under pressure Reuters

Jobless claims surge to 26-year high CNN / Laura Moscrip

Jobless claims surge, housing starts tumble Reuters / Lucia Mutikani

The Worst Is Yet To Come Forbes / Nouriel Roubini

Microsoft to slash 5,000 jobs, misses on 2Q profit AP via LA Times

OfficeMax hires former Circuit City CEO AP via Chicago Tribune

MI: State's jobless rate hits 10.6 percent Lansing State Journal

GOP on stimulus: We want to be heard CNN / Jeanne Sahadi

Could the economy be fixing itself? Marketwatch / Irwin Kellner

What it might take for the US to remain No. 1 Christian Science Monitor / David Francis

S&P Starts Three Default Swap Indexes a Year Later Than Planned Bloomberg / Matthew Leising and Shannon D. Harrington

Treasuries Rise on Speculation Housing Starts to Fall to Record Bloomberg / Wes Goodman

Seagate reports wider-than-expected loss Reuters via Guardian / David Lawsky

Most Asian Stocks Gain on Policy Optimism; Toyota Motor Falls Bloomberg / Shani Raja

Gold bounces back Marketwatch / Peter Brimelow

Yen holds near 13-yr peak vs dollar, sterling dips Reuters via Guardian / Satomi Noguchi

The Gathering Storm Lew Rockwell / Michael Gaddy

The role of religion under Obama Christian Science Monitor / Gail Russell Chaddock

BoJ holds rates unchanged, pegs recovery in 2009 second half Marketwatch / Chris Oliver

UK: The Falling Pound Raises Fears of Nationalization NY Times / Julia Werdigier and Nelson D. Schwartz

Bank of Japan May Expand Corporate Debt Buying, Keep 0.1% Rate Bloomberg / Mayumi Otsuma

China’s Economy Grows 6.8%, Slowest Pace in 7 Years Bloomberg / Kevin Hamlin and Li Yanping

Japan Exports Plummet Record 35%, Signaling Job Cuts Bloomberg / Jason Clenfield

South Korean Economy Shrinks More-Than-Expected 5.6% Bloomberg / William Sim


FL: Housing market needs to heal the hard way St. Petersburg Times

CO: Early-season ski visits down in Colo. AP via Denver Post

Dealers turn to used-car sales to survive downturn Dallas Morning News / Terry Box

Despite recession, shoppers say some items are still worth paying full price AP via Allentown Morning Call / Ashley M. Heher

U.S. Treasury 30-Year Bonds Post Biggest Weekly Loss Since 1987 Bloomberg

Junk Bond Sales Jump to Most Since July on Signs of Market Thaw Bloomberg / Bryan Keogh and Gabrielle Coppola

Even good borrowers may face foreclosure soon Dallas Morning News / Steve Brown

Obama tells GOP he'll listen _ but no guarantees AP via Houston Chronicle / Charles Babington

Big layoffs expected at Starbucks, brokerage says Seattle Times / Melissa Allison

Poor earnings, opaque forecasts weigh on stocks AP via Houston Chronicle / Tim Paradis

Illinois unemployment hits 7.6% Chicago Tribune / James P. Miller

Flood of foreclosures: It's worse than you think CNN / Les Christie

Commercial real estate loan delinquencies inch higher for banks Marketwatch

Behavior of Libor in the Current Financial Crisis Federal Reserve Bank of San Francisco

Some Costs of the Great War: Nationalizing Private Life Ludwig von Mises Institute / T. Hunt Tooley

Most U.S. Stocks Gain as Stimulus Plan Offsets Earnings Concern Bloomberg / Elizabeth Stanton

Friday’s Analysis / Marty Chenard

Well in the red but still well read The Economist

Crude Oil Rises on Speculation OPEC Cuts Will Reduce Supplies Bloomberg / Mark Shenk

‘Fear’ Signals U.S. Jobless Rolls to Swell: Chart of the Day Bloomberg / Bob Willis and Alex Tanzi

CA: State jobless rates leaps to 9.3% San Francisco Chronicle / Tom Abate

U.K. Economy Shrinks Most Since 1980, in Recession Bloomberg / Jennifer Ryan

GE profit down 44 percent, shares fall premarket Reuters / Scott Malone

GE's Luster Dims Forbes / Carl Gutierrez

Wretched start on Wall Street CNN

Wall Street sharply lower amid continuing earnings weakness and deteriorating global economy AP via Chicago Tribune / Stephen Bernard and Tim Paradis

Harley to cut 1,100 jobs as 4Q profit falls Chicago Tribune

Treasurys head for bad week as need for stimulus increases Marketwatch / Deborah Levine

Thain’s Reign of Pain NY Post / Mark DeCambre

Small Banks Move Into Mortgage Market as JPMorgan Fears to Lend Bloomberg / Dan Levy and Ari Levy

State leaders struggle with tough cuts / Stephen C. Fehr

Treasuries Head for Weekly Loss on Cost of Obama Bailout Plan Bloomberg / Wes Goodman

Hard times make credit card industry tighter with a buck Pittsburgh Post Gazette / Tim Grant

Wall Street Paychecks May Wither NY Times / Floyd Norris

Beware Simple 'Fixes' to a Complicated Financial Mess Washington Piost / Steven Pearlstein

GAO Details a Bloated Budget for Government Contracts Washington Post / Joe Davison

Companies Slashing U.S. Dividends at Fastest Rate in 53 Years Bloomberg / Courtney Dentch and Jeff Kearns

Betting on Ford and GM is a cheap wager now USA Today / Matt Krantz

Sony shares tumble 7% after profit warning Marketwatch / Chris Oliver

Caterpillar Profit Likely Dropped for Second Straight Quarter Bloomberg / Melita Marie Garza

Asian Stocks Drop as Sony Forecasts Annual Loss; BHP Declines Bloomberg / Shani Raja

Japan may need to stop yen rise – opposition Reuters / Yoko Nishikawa

Australia May Cut Interest Rate Below 2%, Fraser Says Bloomberg / Gemma Daley


FL: Realtors' stance in South Florida: More credit will spur market South Florida Sun Sentinel / Paul Owers

Economic crisis: today's state perspective

Fee hikes, market hit Realtors statewide Rocky Mountain News / Ed Sealover

FL: New rules raise the bar for condo mortgages in Florida Miami Herald / Monica Hatcher

Obama Presents Further Details on Economic Stimulus Washington Post / Paul Kane, Michael D. Shear and Philip Rucker

Republican Boehner Criticizes Democrats’ Economic-Recovery Plan Bloomberg / Viola Gienger

U.S. Stocks Fall for Third Week on Earnings; Microsoft Declines Bloomberg / Eric Martin

GE expects '09 to be 'difficult' Cincinnati Enquirer

IRS expands free electronic filing to all Baltimore Sun / Eileen Ambrose

Asset, Job Losses Make Breaking Up Harder to Do for Couples Bloomberg / Patricia Hurtado and Laurel Brubaker Calkins

Wall Street Bonuses Draw Scrutiny in Bailout's Wake Washington Post / Heather Landy

FL: Jobless rate surges in Florida, bay area St. Petersburg Times / Jeff Harrington

For Some Members, Euro Dream Sours NY Times / Landon Thomas, Jr.



Pension loss isn't good — but it could be a lot worse St. Louis Post Dispatch / David Nicklaus

Fed focus turns to credit easing at policy meeting Reuters via Washington Post / Alister Bull

Earnings, economy - here comes 'terrible' CNN / Alexandra Twin

Earnings Season Expected to Be Dismal for Most Sectors Wall Street Journal / Jacqueline Doherty

Consumers may want to change excessive ways, but can they? Minneapolis Star Tribune / Jackie Crosby

Long stretch of wintry weather puts focus on those who can't afford heat Pittsburgh Post Gazette / Ann Belser, Pittsburgh Post-Gazette

Deep in Debt, and Now Deep in Worry NY Times / Ben Stein

Saving is back in vogue Minneapolis Star Tribune / Kara McGuire

Economy in free fall in fourth quarter Marketwatch / Rex Nutting

Bad Times Spur a Flight to Jobs Viewed as Safe NY Times / Louis Uchitelle

Slump Probably Deepened as Credit Froze: U.S. Economy Preview Bloomberg / Timothy R. Homan

Bad economy hits sports NY Post / Richard Wilner

Majority of economists anticipate a slow recovery USA Today / Barbara Hagenbaugh and Barbara Hansen

PA: Home prices continue to rise Pittsburgh Tribune Review / Ron DaParma

What You Need to Know About Gold Wall Street Journal / Jeff D. Opdyke

Trying not to let sleazy dogs lie Denver Post / Al Lewis

Goldman’s research team has lost cred NY Post / Hilary Kramer

The reign of Thain was mainly just a pain NY Post / Terry Keenan

A Quarter When Mutual Fund Rankings Didn’t Matter Marketwatch via NY Times / Mark Hulbert

Democrats: Stimulus plan no quick fix for economy Washington Post / Stephen Ohlemacher

Summers Says Economy Entering ‘Difficult’ Time, Needs Stimulus Bloomberg / Rebecca Christie


Economy struggles under several recessions at once Seattle Post Intelligencer / Bill Virgin

Misery Gets Company Forbes / Ruthie Ackerman

Blue Monday: U.S. Layoffs Top 57,000 Today / Stephen Taub

McCulley Favors Fed Buying Mortgages to Cut Rates Bloomberg / Kathleen Hays and Whitney Kisling

When bad news is good news Marketwatch / Mark Hulbert

IBM cutting over 2,800 jobs, labor group says Marketwatch / John Letzing

Zions Bancorp reports quarterly loss Reuters

Mack Tells Wife He May Lose Firm Before Brokerage Bid Bloomberg / Lisa Kassenaar and Christine Harper

Massive layoffs as gloom deepens BBC News

The market's illogical rally CNN / Paul R. La Monica

Treasuries Fall After 20-Year TIPS Auction Draws Higher Yield Bloomberg / Dakin Campbell and Daniel Kruger

Bloody Monday: More than 50,000 jobs lost CNN / Julianne Pepitone

Money supply surge sends December leading indicators unexpectedly higher, homes sales rise AP via Orlando Sentinel / Ellen Simon

Gold hits four-month high atop $900 on dollar Marketwatch / Moming Zhou

Tour the Worldwide Economic Crash for 39 Seconds Lew Rockwell / Gary North

IMF slashes global growth forecast Reuters via Globe and Mail

Bernanke Risks ‘Very Unstable’ Market as He Weighs Buying Bonds Bloomberg / Rich Miller

Fed May Gain More Financial Oversight Washington Post / Neil Irwin and Binyamin Appelbaum

Fed expected to keep rates at record lows, mull options to revive moribund economy AP via Newsday / Jeannine Aversa

Geithner Debt Sales to Benefit From Paulson Failures Bloomberg / Daniel Kruger and Dakin Campbell

Monday’s Analysis / Marty Chenard

U.S. Stocks Gain Following Pfizer-Wyeth Deal; Banks Rally Bloomberg / Cordell Eddings

Home Depot to cut 7,000 jobs, exit Expo business Reuters

Sprint to eliminate 8,000 jobs Marketwatch / Jeffry Bartash

Caterpillar to slash 20,000 jobs Marketwatch / Shawn Langlois

McDonald’s Profit Falls as U.S. Dollar Hurts Sales Bloomberg / Courtney Dentch

Existing home sales rise but prices see record drop Reuters

Oil tops $48 after OPEC cuts CNN

A new hot spot for job hunters -- the library Newsday / Gary Dymski

China is number one The Economist


Fed throwing kitchen sink at recession Marketwatch / Greg Robb

Gold's short-term trend likely to be down Marketwatch / Mark Hulbert

Semi-smart money stays at home Fortune via CNN / Robert Armstrong

Consumers get frugal, so retailers get creative USA Today / Jayne O'Donnell and Sandra Block

House of cardboard crumbles under debt St. Louis Post Dispatch / David Nicklaus

California home foreclosures top 236,000 in 2008 LA Times / William Heisel

Hamptons Prices Fall as Recession Hits Wall Street Bloomberg / Peter S. Green

Review and Preview Morgan Stanley / Ted Wieseman

GE Leads Commercial Paper ‘Test’ as Fed’s Buying Ebbs Bloomberg / Bryan Keogh

Target to Cut 9% of Headquarters Jobs, Shut Distribution Center Bloomberg / Lauren Coleman-Lochner

Will stimulus work fast enough? Christian Science Monitor / Peter Grier

FL: State Farm pullout leaves Florida policyholders scrambling Palm Beach Post / Randy Diamond

Moody's says could cut GE's triple-A credit rating Reuters / Scott Malone

Two Cheers For Yahoo! Forbes / Miriam Marcus

Analysts: More big earnings losses ahead for Ford Detroit Free Press / Brent Snavely

Euro-zone: Is That Light at the End of the Tunnel? Northern Trust via Safehaven / Victoria Marklew

More than 11,500 job cuts announced Tuesday CNN / Julianne Pepitone

Yahoo Has $303.4 Million Loss; Sales Meet Estimates Bloomberg / Brian Womack

IBM quietly cuts thousands of jobs AP via Sacramento Bee / Jordan Robertson

Geithner's Risky Remark Forbes / Guy de Jonquieres

Geithner Takes Salary Cut to Run Treasury, Gets Fed Severance Bloomberg / Robert Schmidt

Gold prices decline, but maintain $900 level AP via Seattle Post Intelligencer / Sara Lepro

Oil falls $4 amid economic jitters CNN / Kenneth Musante

FDIC to Tighten and Clarify Interest Rate Restrictions on Institutions That are Less Than Well-Capitalized FDIC

Madoff May Have Cheated Before He Swindled NY Post / John Crudele

New York Fed Names William C. Dudley President Federal Reserve Bank of New York

New York Fed Said to Name Dudley as President Today Bloomberg / Scott Lanman and Bradley Keoun

Robert Lucas's Strange Faith in Bernanke Ludwig von Mises Institute / Robert P. Murphy

Economic Cures Are Like Booze for an Alcoholic Bloomberg / Caroline Baum

Consumer Confidence in the U.S. Fell to Record Low Bloomberg / Courtney Schlisserman

Unemployment sweeps nation CNN / Tami Luhby

Layoffs Cut Deeper Into Economy Washington Post / Annys Shin and Neil Irwin

S&P: Home values post 18.2 pct annual drop in Nov. AP via San Francisco Chronicle

Tuesday’s Analysis / Marty Chenard

Corning slashes up to 4,900 jobs to cut costs Reuters

Verizon 4Q earnings up 15 percent AP via Seattle Post Intelligencer

HP, Cisco to compete for data center business San Francisco Chronicle / Ryan Kim

The odds on President Obama's approval ratings in a year The Economist

White House e-mail system crashes AP via Seattle Post Intelligencer

Taking Office at Treasury, Geithner Institutes Lobbying Rules Washington Post / David Cho

Canada: EI claims jump 12% in November Globe and Mail / John Partridge

Canada: Little threat of deflation, Carney says Globe and Mail / Heather Scoffield

Fed Enters Unchartered Policymaking Territory Washington Post / Neil Irwin

Layoffs Spread to More Sectors of the Economy NY Times / Catherine Rampell

Consumer Confidence in U.S. Probably Held Near Record Low Bloomberg / Courtney Schlisserman

Luxury Hotels Are Feeling Economy’s Pinch NY Times / Joe Sharkey

Senate Confirms Geithner As Treasury Secretary Washington Post / David Cho

Market Losses Tighten Screws On Colleges Washington Post / Susan Kinzie

American Express Profit Drops 79% AP via NY Times

Congress won't erase state deficits / Pamela M. Prah

Oil steady, torn between OPEC cuts, stock build Reuters

As property crimes increase, more neighbors are on patrol Christian Science Monitor / Patrik Jonsson

Texas Instruments profit falls, to cut 12 pct jobs Reuters / Sinead Carew

Netflix profit up surprising 45 pct, shares rise Reuters / Gina Keating

Stocks end higher after fluctuating on earnings reports AP via La Times

Asia Stocks Climb on Lower Borrowing Costs, Economic Reports Bloomberg / Shani Raja

Yen falls as risk appetite revives Reuters via Guardian / Masayuki Kitano

Darkness at Davos May Hide Secrets From Transparency Spotlight Bloomberg / Simon Kennedy and Matthew Benjamin

BOJ Focusing on Easing Corporate Borrowing Costs, Minutes Show Bloomberg / Mayumi Otsuma



Whither gold? Marketwatch / Peter Brimelow

U.S. Draft Law Would Ban Most Credit-Default Swaps Bloomberg / Matthew Leising

Axed by a big business? Start your own. Christian Science Monitor / Ron Scherer

Patently slowing The Economist

House passes Obama's stimulus plan AP via Denver Post / David Espo

Stocks stage rally CNN / Alexandra Twin

Bonds tumble as Fed refrains to buy long debt Reuters / Richard Leong

Employers cut 14,100 more jobs CNN / Ben Rooney and Kenneth Musante

FOMC Statement Federal Reserve Board

Daniel K. Tarullo sworn in as member of the Board of Governors Federal Reserve Board

Fed Keeps Rate Near Zero, Is Ready to Buy Treasuries Bloomberg / Craig Torres

Postmaster General says massive deficits may force post office to cut one day of mail delivery AP via Orlando Sentinel / Randolph E. Schmid

Starbucks to Cut 6,700 Jobs After Earnings Fall 69% Bloomberg / Courtney Dentch

U.S. Stocks Gain, Extending Global Rally, on ‘Bad Bank’ Plan Bloomberg / Cordell Eddings

In a suprising move, the U.S. House votes down DTV delay Orlando Sentinel / Etan Horowitz

World growth 'worst for 60 years' BBC News

GE Fights to Keep its Triple-A Bulbs Burning / Stephen Taub and Roy Harris

GE Bonds Are Little Changed on Moody’s Threat to Downgrade Bloomberg / Caroline Salas

Stocks Pull Back A Bit; Volume Still Strong Investors Business Daily / Vincent Mao

Wednesday’s Analysis / Marty Chenard

Boeing to cut 10,000 jobs Reuters via Globe and Mail

Fed's challenge: Getting something out of zero Globe and Mail / Barrie McKenna

Fed Shift Complicates Job for Experts, Central Bank Bloomberg / Scott Lanman

False Hopes for Tax Relief and Fiscal Stimulus Ludwig von Mises Institute / D.W. MacKenzie

Americans Lost Over a Quarter of 401(k) Savings in 2008 Washington Post / Nancy Trejos

Wall Street Bonuses Plummeted 44 Percent During 2008 Bloomberg / Henry Goldman

Wells Fargo Reports Loss, Won’t Ask for More U.S. Aid Bloomberg / Ari Levy

Wind jobs outstrip the coal industry Fortune via CNN / Todd Woody

U.S. infrastructure a 'D' CNN / David Goldman

Trichet Says ECB’s Next Important Rate Meeting Is in March Bloomberg / Simone Meier

The Fed: Life after zero CNN / Chris Isidore

Fed to hold rates near zero, mulls other tools Reuters / Mark Felsenthal

Real estate agents say home-price say tide has turned, sellers are capitulating Chicago Tribune / Mary Ellen Podmolik

U.S. Stocks Gain, Extending Global Rally, on ‘Bad Bank’ Plan Bloomberg / Cordell Eddings

Is the executive pay bubble popping? Reuters / James Saft

The Stimulus Fight You Should Be Watching Forbes / Dan Gerstein

Singing the Middle Class Blues Finance Trends via Safehaven / David Shvartsman

Ben Bernanke's Wild Ride (and Ours) Lew Rockwell / Gary North

Fed eyes moves against deflation Christian Science Monitor / Mark Trumbull

How realistic is a North American currency? Marketwatch / Todd Harrison

Treasuries Fall as Economic Plans Fuel Demand for Company Debt Bloomberg / Wes Goodman

Sun Micro beats consensus, shares rally Reuters / David Lawsky

Treasury Moves to Restrict Lobbyists From Influencing Bailout Program Washington Post / Brady Dennis

Stimulus Plan Would Provide Flood of Aid to Education NY Times / Sam Dillon

Dollar edges up vs yen, slips vs euro before Fed Reuters via Guardian / Rika Otsuka

Australian Consumer Prices Drop Most in 11 Years; Economy Slows Bloomberg / Jacob Greber


At least one dividend strategy made money in the last four months Marketwatch / Mark Hulbert

Corporate bonds heat up Fortune via CNN / Mina Kimes

Commercial paper volumes, Fed's holdings tumble Marketwatch / Laura Mandaro

Treasurers’ Panic Mentality Fades as Amgen Sells Debt Bloomberg / Duane D. Stanford, Bryan Keogh and Gabrielle Coppola

Moody's lowers debt rating on Allstate after insurer's portfolio, shares get hammered Chicago Tribune / James P. Miller

TIPS 10-Year Breakeven Rate Climbs to 1% on Inflation Concern Bloomberg / Dakin Campbell

Money funds relatively safe for savings, but yields are low USA Today / John Waggoneer

Gold prices rise as caution overcomes Wall Street AP via Seattle Post Intelligencer / Sara Lepro

Obama mulling Republican Gregg for commerce: source Bloomberg / JoAnne Allen

Ill. Senate removes Blagojevich / Daniel C. Vock

A Response to My Critics Euro Pacific via Safehaven / Peter Schiff

It’s cold. Does that debunk global warming? Christian Science Monitor / Eoin O'Carroll

Got a Mortgage or Credit Card? Don't Pay Them Alpha via Safehaven / Marygwen Dungan

The bonus racket The Economist

Everything you wanted to know about the GDP NY Post / John Crudele

'Buy American' - Sparks fly CNN / David Goldman

U.S. Economic Flu: No End In Sight Forbes / Carl Gutierrez

Technology Companies Cut Most Jobs in Five Years Bloomberg / Katie Hoffmann profit beats Wall St. view; shares rise Reuters

Stocks drop as rising jobless claims, falling new home sales point to more economic woes AP via Chicago Tribune / Madlen Read and Tim Paradis

The Fed hangs on to its last bullet CNN / Paul R. La Monica

Rally Clipped on Earnings, Data / Mark Glassman

U.S. mortgage modifications rose to record in Dec Reuters

Falling far enough? The Economist

Bonds fall on supply, but dire data checks fall Reuters / John Parry

In the Hot Seat Forbes / Daniel Fisher, David K. Randall, Maurna Desmond and Joshua Zumbrun

BEEP BEEP! Pimco / Bill Gross

Thursday’s Analysis / Marty Chenard

U.S. Stock Futures Fall on Earnings, Durable Goods, Jobs Data Bloomberg / Cordell Eddings and Adam Haigh

U.S. Durable Goods Orders Decline for Fifth Month Bloomberg / Shobhana Chandra

Unemployment Benefit Rolls in U.S. Soar to Record Bloomberg / Courtney Schlisserman

GE’s AAA Rating Starts Slow Trip to Graveyard Bloomberg / Jonathan Weil

Gold falls for third day, pacing losses in oil, stocks Marketwatch / Moming Zhou

Most of us have zero comprehension of $1 trillion Dallas Morning News / Eric Torbenson

Jobless rates up in every state / Christine Vestal

Fed Warns of Global Slowdown That Adds to U.S. Deflation Risk Bloomberg / Scott Lanman and Craig Torres

Treasuries Fall Before Record $30 Billion Five-Year Auction Bloomberg / Wes Goodman

U.S. Goods Orders, New-Home Sales Probably Dropped in December Bloomberg / Shobhana Chandra

What Red Ink? Wall Street Paid Hefty Bonuses NY Times / Ben White

U.S. Aid Goes to Credit Unions Washington Post / Binyamin Appelbaum

Dollar dips vs yen, trims post-Fed gains Reuters via Guardian / Masayuki Kitano

Unions see better days ahead under Obama's leadership Christian Science Monitor / David R. Francis

Asian Stocks Rise for Third Day on Policies to Revive Growth Bloomberg / Shani Raja

In Davos, Russia and China Blame Capitalists for Crisis NY Times / Carter Dougherty and Katrin Bennhold

UK: Economic outlook just gets worse and worse Independent / Sean O'Grady in Davos and Andrew Grice

New Zealand lowers rates to record-low, eyes more cuts Reuters via Guardian / Mantik Kusjanto

Trichet Says ECB’s Next Important Rate Meeting Is In March Bloomberg / Simone Meier and Francine Lacqua


Labor Supply Responses to Changes in Wealth and Credit Federal Reserve Bank of San Francisco

Sources of the Great Moderation: Shocks, Friction, or Monetary Policy? pdf Federal Reserve Bank of San Francisco

EAD Calibration for Corporate Credit Lines pdf Federal Reserve Bank of San Francisco

South Jersey Business Survey Federal Reserve Bank of Philadelphia

Bonds set for worst month in 5 yrs as GDP falls Reuters / Richard Leong

Even worse than it looks The Economist

Job cuts exceed 100,000 for the week CNN / Aaron Smith

Week of the Falling Jobs / Stephen Taub

Bloated US inventories weigh on economy-Conf. Board Reuters

Friday’s Analysis / Marty Chenard

U.S. Stocks Drop on Earnings, Economy Concern; P&G, Alcoa Fall Bloomberg / Eric Martin

Mutual funds see first net inflows since May Marketwatch / Sam Mamudi

GDP sees biggest drop in 27 years Reuters / Lucia Mutikani

Joe Blow Needs Spending Money, Not Tax Cuts Bloomberg / Michael R. Sesit

Recession keeps lid on employment costs in 2008 AP via Washington Post / Martin Crutsinger

Chicago Purchasers’ January Index Decreases to 33.3 Bloomberg / Shobhana Chandra

Gold rises to six-month high on safe-haven buying Marketwatch / Moming Zhou

30-year mortgage rates inch down to 5.10%, Freddie Mac reports Chicago Tribune

Dollar gains after GDP report not as bad as some feared Marketwatch / Deborah Levine

Wall Street Bonuses May Go Way of Dodo Amid Bailouts Bloomberg / Dawn Kopecki and Christine Harper

Stimulate the Payoff of Personal Debt Lew Rockwell / Jeff Snyder

Gold Rally Fills Vaults With Bullion as Bank Stimulus Increases Bloomberg / Pham-Duy Nguyen and Nicholas Larkin

Treasuries Rise, Trimming Monthly Loss, Before Report on GDP Bloomberg / Wes Goodman

Is a 'bad bank' for risky assets the solution to the financial mess? Christian Science Monitor / Mark Trumbull

MA: Unemployment taxes fail to cover jobless checks Boston Herald / Jay Fitzgerald

Economy Pinches the Billable Hour at Law Firms NY Times / Jonathan D. Glater

Toshiba Shares Fall Most in 34 Years on Loss Outlook Bloomberg / Pavel Alpeyev

Asian Stocks Fall on Renewed Recession Concern; Toshiba Plunges Bloomberg / Shani Raja

Japan Heads for Worst Postwar Slump as Output Tumbles Bloomberg / Jason Clenfield and Toru Fujioka





Small Mexican towns hurt as global economy goes south Houston Chronicle / Dudley Althaus

Tracking the recession: A pier to nowhere / Stephen C. Fehr

Florida, Maryland, Utah Banks Shut as Financial Crisis Deepens Bloomberg / Ari Levy

Will Heinz's Market Appeal Catch Up to Firm's Strength? Wall Street Journal

California's cash crunch: IOUs coming CNN / Tami Luhby

Colorado small businesses on the front line of the recession battle Rocky Mountain News

U.S. Economy May Keep Sliding After Shrinking Most Since 1982 Bloomberg / Timothy R. Homan

Latest plunge worst in 25 years AP via Charlotte Observer / Jeannine Aversa

Gas prices: Up 14% for the month CNN / Catherine Tymkiw

Stocks: New month, more fears CNN / Alexandra Twin

Stimulus plan seems too unfocused to straighten out mess Chicago Tribune / David Greising

GOP governors press Congress to pass stimulus bill AP via Washington Post / Beth Fouhy

Stiglitz Criticizes Bad Bank Plan as Swapping ‘Cash for Trash’ Bloomberg / Simon Kennedy

Treasuries Decline as Debt Sales Mount, Fed Avoids a Timetable Bloomberg / Daniel Kruger

Sheila Bair: From children's book author to the world's second-most-powerful woman AP via Minneapolis Star Tribune / Alan Zibel