Bondhead News Archive

April 16 – April 30

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Treasury defends asset plan as Chase wants out AP via MSNBC

Yellen says policymakers need to pop bubbles Marketwatch / Laura Mandaro

Bellying up to the bear Marketwatch / Jonathan Burton

Nasdaq hits 5-month high CNN / Alexandra Twin

Florida's biggest bank could be taken over by regulators South Florida Sun Sentinel / Paul Owers

Gold prices retreat as stocks push higher AP via The State / Sara Lepro

Summit needs a strong Obama, not an apologetic one Christian Science Monitor / Ray Walser

Pimco Says ‘Severe’ Recession Will Last Through 2009 Bloomberg / Oliver Biggadike

Bernanke Frets as Variable Notes Strip Taxpayers in N.Y., Texas Bloomberg / Darrell Preston and Michael McDonald

JPMorgan Raises $3 Billion Without FDIC Guarantee Bloomberg / John Detrixhe and Gabrielle Coppola

A Minsky Meltdown: Lessons for Central Bankers Federal Reserve Bank of San Francisco / Janet L. Yellen

Fed's Yellen says US economy not out of the woods Reuters / Kristina Cooke

Treasuries Fall as Supply, Economy Overshadow Fed Debt Purchase Bloomberg / Susanne Walker

Google profit beats estimates CNN / Julianne Pepitone

Illinois jobless rate at 24-year high Chicago Tribune / James P. Miller

After the Crisis Federal Reserve Bank of Atlanta / Dennis P. Lockhart

Post-recession oversight will be tricky, Lockhart says Marketwatch / Rex Nutting

Ignore Any ‘Happy Talk’ About The Economy NY Post / John Crudele

Recession still dragging down U.S. economy Reuters / Alister Bull

Commercial real estate market softens San Francisco Chronicle / James Temple

Should bank stress test results be released? San Francisco Chronicle / Kathleen Pender

Oil industry profits expected lowest in years AP via Seattle Post Intelligencer / John Poretto

Average 30-year mortgage rate below 5% for fifth straight week USA Today / Alan Zibel

Stocks fluctuate on mixed readings about economy AP via San Francisco Chronicle / Stephen Bernard and Tim Paradis

China: Bamboo shoots of recovery The Economist

What Americans think of easing restrictions on Cuba The Economist

JPMorgan profit beats forecast Reuters / Elinor Comlay

Jobless claims drop but continued claims at record Reuters

U.S. Jobless Claims Fall; Benefit Rolls at Record Bloomberg / Shobhana Chandra

Manufacturing in Philadelphia Region Shrank Less Than Forecast Bloomberg / Courtney Schlisserman

Foreclosure Filings in U.S. Climbed to Record in First Quarter Bloomberg / Dan Levy

March housing construction falls 10.8 percent AP via Houston Chronicle

Thursday’s Analysis / Marty Chenard

Nokia profit plunges 90 percent in Q1 AP via Seattle Post Intelligencer / Matt Huuhtanen

Investors Don't Credit Obama Forbes / John Zogby

The 'Stress Tests' Are Really 'Fudge Tests' Forbes / Nouriel Roubini

Americans' Tax Burden Near Historic Low Washington Post / Lori Montgomery

Still employed, but overworked AP via The State

Stress tests for investors coming soon Marketwatch / David Callaway

Illinois leads in stimulus highway funds / Pamela M. Prah

China keeps hold on commodities reins Marketwatch / Myra P. Saefong

Economic slump provides tinder for global conflicts Christian Science Monitor / David R. Francis

Yen Advances as China’s Slowing Growth Spurs Recession Concern Bloomberg / Ron Harui

China’s GDP Grows at Slowest Pace in Almost a Decade Bloomberg / Kevin Hamlin


Fed first to blame for financial crisis: Kaufman Reuters / John Parry

Bloom or bust? Globe and Mail / Barrie McKenna

Can Citigroup's results be sustained? Reuters / Dan Wilchins

Treasuries Fall as Bank Earnings Surprise, Hurt Safety Trade Bloomberg / Susanne Walker and Dakin Campbell

Box office still reeling in billions Detroit Free Press / Tom Long

General Electric profits fall 35% BBC News

CA: State unemployment rate highest since 1941 San Francisco Chronicle / Tom Abate

Financial Innovation and Consumer Protection Federal Reserve Board / Ben S. Bernanke

No party for Citi's owners: You and me CNN / Colin Barr

Citigroup loss is smaller than expected Reuters / Jonathan Stempel and Dan Wilchins

Citi Profits, For Now Forbes / Liz Moyer

California jobless rate soars LA Times / Marc Lifsher

CFOs: Source of Pessimism? / Kate O'Sullivan

Recession pushing many to cut back on health care South Florida Sun Sentinel / Bob LaMendola

U.S. Michigan Consumer Sentiment Index Rose to 61.9 Bloomberg / Courtney Schlisserman

Jobless Rate Exceeds 10% in Three More U.S. States Bloomberg / Bob Willis

30-year mortgage rates inch down South Florida Sun Sentinel

Friday’s Analysis / Marty Chenard

GE Profit Drops 35% as Recession Hurts Finance Arm Bloomberg / Rachel Layne

Sony Ericsson Isn't Working Forbes / Lionel Laurent and Parmy Olson

What recession? Funds flow for Senate races Reuters / Jeremy Pelofsky

Tax Tea Party Time, Part Two Forbes / Bruce Bartlett

Mexico central bank cuts rates to spur growth AP via USA Today

Yellen Signals Fed’s Decision to Let Lehman Fail Was a Mistake Bloomberg / Michael McKee and Vivien Lou Chen

U.S. Michigan Consumer Sentiment Probably Increased in April Bloomberg / Courtney Schlisserman

Banking Industry Showing Signs of a Recovery NY Times / Eric Dash

U.S. May Retain Grip on Banks With Warrants After Share Buyback Bloomberg / Rebecca Christie

Oil Set for Biggest Weekly Decline Since February on Recession Bloomberg / Ben Sharples

Euro Falls After Trichet Says ECB Must Do Everything Possible Bloomberg / Ron Harui

Japan's consumer confidence index climbs as expected Marketwatch / Myra P. Saefong

The Economic Predicament of the United States and the Federal Reserve’s Response in a Globalized World Federal Reserve Bank of Dallas / Richard W. Fisher

Treasuries Head for Weekly Gain on Federal Reserve Purchases Bloomberg / Wes Goodman

Geithner’s Biggest Problem Is Dollar, Not China Bloomberg / William Pesek

Toshiba Posts Smaller-Than-Forecast Operating Loss Bloomberg / Hiroshi Suzuki

Asian Stocks Climb as JPMorgan Profit Fuels Growth Optimism Bloomberg / Jonathan Burgos and Patrick Rial

China Economy to Rebound as Stimulus Spurs Investment Bloomberg / Kevin Hamlin


Volcker: Recovery will be a 'long slog' Reuters / Ros Krasny and Kristina Cooke

More companies are becoming hesitant to forecast AP via Houston Chronicle / David Pitt

Rattner Retains Obama’s Confidence Amid Pension Probe Bloomberg / Erik Larson, David Scheer and Julianna Goldman

We're all left holding the tea bag Houston Chronicle / Loren Steffy

Obama: Wants suggestions to cut spending waste AP via Seattle Times / Will Lester

Treasuries Fall for Fourth Week as Risk Appetite Returns Bloomberg / Dakin Campbell and Susanne Walker

Monetary Policy in the Financial Crisis Federal Reserve Board / Donald L. Kohn

The Federal Reserve's Liquidity Facilities Federal Reserve Bank of New York / William C. Dudley

Kohn Says Emergency Loans Unlikely to Harm Taxpayers Bloomberg / Vivien Lou Chen

Dudley Says Fears of Scrutiny in TALF Are ‘Misplaced’ Bloomberg / Craig Torres and Timothy R. Homan

U.S. officials suggest worst of recession is over Reuters / Ros Krasny and Kristina Cooke

ECB’s Trichet Won’t Exclude Cut, Says Zero Rates Inappropriate Bloomberg / David Tweed

Bernanke calls for regulatory balance AP via Washington Times / Martin Crutsinger

In Grim Job Market, Student Loans Are a Costly Burden NY Times / Tara Siegel Bernard

Eight states hit by double-digit unemployment Washington Times / David M. Dickson

GM chief says bankruptcy still 'probable' Washington Times / Patrice Hill

Sony Ericsson to slash 20 per cent of staff Independent

UK: Recovery on the horizon for banks and the Budget London Times / Philip Webster, Political Editor and Ian King

Eurozone exports fall by a quarter Independent



Wall Street: Plan for a storm CNN / Alexandra Twin

Exxon Mobil overtakes Wal-Mart to top Fortune 500 AP via Detroit Free Press

Beware: The rules have changed in the world of consumer credit Allentown Morning Call / Gregory Karp

IMF to cut global forecast, sees 2010 recovery: report Reuters

UK: Economy 'no longer in free fall' BBC News

FL: A bumpy real estate road remains Miami Herald / Matthew Haggman

FL: Tourism budgets: Travel to Florida plunging South Florida Sun Sentinel / Doreen Hemlock

NATO stops attack by Somali pirates Christian Science Monitor / Matthew Clark

North Korea wants talks with South Korea Christian Science Monitor / Donald Kirk

Volcker Says Fed’s Authority Probably to Be Reviewed Bloomberg / Timothy R. Homan

I-Bonds or CD’s NY Post / John Crudele

High yields possible, but junk bonds carry significant risk Chicago Tribune via Seattle Post Intelligencer / Gail MarksJarvis

Goods Orders, Home Sales Probably Fell: U.S. Economy Preview Bloomberg / Shobhana Chandra

Consumer Prices in a Complete and Historic Freefall NY Post / Terry Keenan

More firms cutting pay instead of people Baltimore Sun via Chicago Tribune / Jay Hancock

Stay-at-home parents now work to find jobs McClatchy via Seattle Post Intelligencer / Kirsten Valle

Why Houses Look Better and Better Wall Street Journal / Dave Kansas

Fed up with government? Just host a tea party Pittsburgh Tribune Review / Jack Markowitz

More Pennsylvania residents succumb to bankruptcy Pittsburgh Tribune Review / Joe Napsha

Oil to Trade in $48-$50 Range, Move to $60: Technical Analysis Bloomberg / Anthony DiPaola

UK 'will recover faster than most' Guardian – Observer / Elena Moya and Heather Stewart


Economic green shoots are appearing in the press, at least The Economist

Bankruptcies surge despite law meant to curb them AP via Baltimore Sun / Mike Baker

Struggling economy beefs up bartering Lansing State Journal / Jeremy W. Steele

Fed's No. 2 Kohn sees gradual recovery in 2009 AP via Houston Chronicle / Jennifer Malloy Zonnas

What Well-Oiled Machine? Forbes / Melinda Peer

IBM revenue falls more than expected Reuters / Ritsuko Ando

Dow's biggest decline in 7 weeks CNN / Alexandra Twin

Bank of America net up, shares sink on bad loans Reuters / Jonathan Stempel

White House on defensive over spending cuts Reuters / Ross Colvin

Israel's new government is weighing up relations with America The Economist

The Economic Outlook Federal Reserve Board / Donald L. Kohn

Are Fiscal Stimulus Funds Going to the "Right" States? Federal Reserve Bank of San Francisco / Daniel Wilson

March economic activity edged lower pdf Federal Reserve Bank of Chicago

What cutting $100 million really means CNN / Jeanne Sahadi

Treasuries Rise as Bank Credit Concerns Spur Risk Aversion Bloomberg / Susanne Walker and Daniel Kruger

GM to cut 1,600 U.S. salaried positions this week Reuters

Big banks have a big credit problem CNN / Colin Barr

U.S. Economy: Leading Index Shows Recovery Many Months Away Bloomberg / Bob Willis

Bernanke: Americans need to sharpen financial know-how especially during turbulent times AP via Newsday / Jeanine  Aversa

Stock rally hits roadblock CNN / Alexandra Twin

Monday’s Analysis / Marty Chenard

Oracle to Buy Sun for $7.4 Billion After IBM Withdraws Bid Bloomberg / Rochelle Garner

Oracle Sees The Light Forbes / Brian Caulfield and Javier Espinoza

Bank of America returns to profitability CNN / David Ellis

U.S. Leading Economic Indicators Index Fell in March Bloomberg / Bob Willis

Forecasters say economy still declining, but evidence indicates recession is abating AP via Newsday / Emily Fredrix

Oil below $47 as stocks tumble ahead of earnings AP via Seattle Times / Dirk Lammers

Obama ordering $100 million in budget cuts Marketwatch / Robert Schroeder

Zero Percent on Treasury Bills as China, Fed Converge Bloomberg / Daniel Kruger

Housing Data Could Signal If Bust Is Over Washington Post / Neil Irwin

Sellers Woo Shoppers With Guarantees to Address Layoff Worries NY Times / Stephanie Rosenbloom

In North Carolina, Recession Breeds a Health-Care Crisis Washington Post / Ceci Connolly

Obama coloring his agenda green The State

Obama says reaching out to enemies strengthens US AP via Houston Chronicle / Ben Feller

Obamas Speech Bodes Ill For the US Economy Brookes News via Safehaven / Gerard Jackson

Charging for online content is possible Marketwatch / Larry Kramer

Somalia's Godfathers: Ransom-Rich Pirates Washington Post / Stephanie McCrummen

Euro Falls to One-Month Low on Concern Europe Economy to Worsen Bloomberg / Ron Harui

ECB President Trichet signals small rate cut Reuters via Guardian / Satomi Noguchi

A Bigger, Bolder Role Is Imagined For the IMF Washington Post / Anthony Faiola

UK: Economic forecasters could learn something from meteorologists Independent / Stephen King


Testimony before the Joint Economic Committee of the U.S. Congress Federal pdf Reserve Bank of Kansas City / Thomas M. Hoenig

Stimulus money puts teachers in layoff limbo Christian Science Monitor / Stacy Teicher Khadaroo

Can Junk Bonds Lead The Way? Forbes / Matthew Craft

AMD posts loss, CEO doubts PC market has bottomed Reuters

Microsoft earns seen lower, but new Windows may cheer Reuters

Lose your job? Tell your Facebook, Twitter friends Orlando Sentinel / Etan Horowitz

Miami condo corridor's woes create boon for renters Miami Herald / Monica Hatcher

The business of water CNN / Richard McGill Murphy

Small banks caught in the middle? AP via Allentown Morning Call / Deb Reichman

Stressed out Marketwatch / Irwin Kellner

Fed Buys $7 Billion of Treasuries Due in Seven to 10 Years Bloomberg / Liz Capo McCormick

Market Perks Up At Midday Investors Business Daily / Jonah Keri

Unpredictable Oracle The Economist

Wall Street expects bigger loss from AMD Marketwatch / Benjamin Pimentel

Copper drops as earnings fuel economic worries Marketwatch / Moming Zhou

Oil reverses losses as stocks trade higher Marketwatch / Moming Zhou

Obama works to bolster NAFTA Bloomberg via Detroit News / Mark Drajem

Where pay rises will be most miserly this year The Economist

Canada: Surprised by depth of slump, central bank pegs rate at 0.25% Globe and Mail / Kevin Carmichael

Pelosi Wall Street Probe Modeled on Pecora After Market Crash Bloomberg / Mark Pittman and Laura Litvan

Review and Preview Morgan Stanley / Ted Wieseman

Treasurys gain ahead of Fed's debt purchases Marketwatch / Deborah Levine

U.S. Credit Swaps Increase to Highest in More Than Two Weeks Bloomberg / Shannon D. Harrington

US 30-year bond trades a full point higher in price Reuters

Stocks fluctuate after lackluster earnings reports AP via Seattle Post Intelligencer / Tim Paradis

Tuesday’s Analysis / Marty Chenard

Caterpillar Has First Loss in 16 Years, Cuts Forecast Reuters / Melita Garza

Bank of Canada cuts rates, to unveil new strategy Reuters

Recession-Proof Apple Forbes / Brian Caulfield

Federal Reserve Events Reuters

Capex Bust and Capital Exit Morgan Stanley / Richard Berner

US chain store sales rise 0.1 pct in last week-Redbook Reuters

Your credit is no good here Marketwatch / David Weidner

Bank of America shows a profit but loses half a billion dollars on mortgages LA Times / E. Scott Reckard

ICAP Loses 85% of Mortgage Bond Trading Gobbled Up by Dealerweb Bloomberg / Matthew Leising and Jody Shenn

Treasuries Held by Dealers at Record as Fed Buys: Chart of Day Bloomberg / Dakin Campbell

Treasuries Gain as Stock Losses Undercut Forecasts for Recovery Bloomberg / Wes Goodman

Defending the FED’s Power With Myths Lew Rockwell / Michael S. Rozeff

Fed’s Kohn Says Economy May Stabilize, Start Recovery This Year Bloomberg / Craig Torres and Scott Lanman

Stimulus Stakes Higher in Some Areas Washington Post / Alec MacGillis

Troubles With The TARP Forbes / Brian Wingfield

At His First Official Cabinet Meeting, Obama Orders Cuts Washington Post / Michael A. Fletcher

Asian Stocks Slump on Growth Concerns; China Mobile, Orix Fall Bloomberg / Patrick Rial and Shani Raja

Yen hits 1-mth high vs euro, but later gives up gains Reuters via Guardian / Masayuki Kitano

Spain’s Falling Prices Fuel Deflation Fears in Europe NY Times / Nelson D. Schwartz

Stevens Says Australia, in Recession, Is Well Placed Bloomberg / Victoria Batchelor and Jacob Greber



Sell Gold, Buy Oil Forbes / Stephanie Dahle

Great Depression vs. 'Great Recession' CNN / David Goldman

Not so great Britain The Economist

U.S. 10-Year Yield Touches Highest Since Fed Announced Buyback Bloomberg / Susanne Walker

Pimco’s McCulley Says Commercial Mortgages ‘Broken’ Bloomberg / Kathleen Hays and Dakin Campbell

GM: We won't make June debt payment Detroit Free Press / Tim Higgins

Stocks March Higher In Late Trade Investors Business Daily / Vincent Mao

Wednesday’s Analysis / Marty Chenard

CA: Loan defaults hit new record, though foreclosure rates decline San Diego Union Tribune / Lori Weisberg

Banks Get Stress Tests, Investors Get Stressed Bloomberg / Caroline Baum

Quarterly Banking Profile – Fourth Quarter 2008 pdf FDIC

Assessing the Effectiveness of the Paulson "Teaser Freezer" Plan: Evidence from the ABX Index Federal Reserve Bank of Richmond / Eliana Balla, Robert E. Carpenter and Breck Robinson

Morgan Stanley Proves The Exception Forbes / Liz Moyer

The South African economy outweighs its three closest African rivals combined The Economist

Treasurys inch up as banks pressure equities Marketwatch / Deborah Levine

Soaring U.S. Budget Deficit Will Mean Billions in Bond Sales Bloomberg / Michael McKee

IMF Says Global Recession Will Be Deeper, Recovery Slower Bloomberg / Timothy R. Homan and Simon Kennedy

Cheap Oil Won't Support Investment Forbes / Oxford Analytica

Another Chinese Fib: 6.1% Growth Forbes / Gordon G. Chang

Freddie Mac Official Dead in Apparent Suicide Washington Post / Tom Jackman, Debbi Wilgoren and  Zachary A. Goldfarb

My Conversation With Ben Bernanke, July 20, 2006 Lew Rockwell / Ron Paul

MA: Mayors: Build casinos Boston Herald / Thomas Grillo

MI: An Effort to Save a City by Shrinking It NY Times / David Streitfeld

Credit Swap Dealers Shrink Market by 38%, ISDA Says Bloomberg / Katrina Nicholas

Treasuries Rise as U.S. Stock Futures Drop Before Housing Data Bloomberg / Wes Goodman

Can you lose money in GM bonds? You bet your Chevy USA Today / Matt Krantz

Worst foreclosure rates found in 4 states AP via The State

For Housing Crisis, the End Probably Isn’t Near NY Times / David Leonhardt

U.S. to let some big banks repay bailouts early LA Times / Jim Puzzanghera

Most Asian Stocks Gain; Technology Shares Advance on Elpida Bloomberg / Jonathan Burgos and Shani Raja

Yen gains as euro, commodity currency rebound fades Reuters / Charlotte Cooper

Caterpillar Says China, Not U.S., ‘Has It Right’ on Stimulus Bloomberg / Melita Marie Garza

Banks in Europe Lag in Recovery Washington Post / Anthony Faiola

Japan Exports Slide Slows in Sign Recession May Ease Bloomberg / Jason Clenfield

Australian Inflation Rate Slows to 2.5% on Recession Bloomberg / Jacob Greber

UK: Savers suffer as deflation makes a return after 50 years London Times / Gráinne Gilmore

IMF withdraws claim of £200bn UK bank bailout bill London Times / Gary Duncan

Japan Exports Slide Slows in Sign Recession May Ease Bloomberg / Jason Clenfield


Netflix Beats Earnings, Sales Forecasts As Movie Lovers Tap Low-Cost Option Investors Business Daily / Kevin Harlin

Apple quarterly profit up 15 percent AP via Lansing State Journal

IMF head urges speedy bank reform BBC News

Treasurys edge higher on weak data, Fed buying AP via Miami Herald

Americans Upbeat on Future, Anxious About Present, Polls Show Bloomberg / Jeff Bliss

Amazon beats Q1 estimates, shares gain Reuters / Alexandria Sage

Microsoft profit, revenue fall on weak PC sales AP via Houston Chronicle

U.S. Stocks Advance on Earnings; Marriott, EBay Shares Rally Bloomberg / Rita Nazareth

Crude prices waver below $50 AP via Houston Chronicle / Mark Williams

Pressure builds on BofA's Ken Lewis Fortune via CNN / Colin Barr

Plunge Protection Team Seems To Be Missing NY Post / John Crudele

Obama Demands ‘Clarity and Transparency’ on Credit Bloomberg / Roger Runningen and Julianna Goldman

A glimmer of hope? The Economist

Taxing the rich The Economist

The monetary-policy maze The Economist

Dire straits for state budgets CNN / Tami Luhby

Harvard’s Feldstein Sees U.S. Inflation Danger After 2010 Bloomberg / Vincent Del Giudice and Thomas R. Keene

U.S. Existing Home Sales Dropped More Than Forecast Bloomberg / Courtney Schlisserman

New jobless claims rise more than expected to 640K AP via Philadelphia Inquirer / Christopher S. Rugaber

As economic crisis goes on, financial fears can push some over the edge Baltimore Sun / Stephanie Desmon and Scott Calvert

Homeowners give up privacy for extra income Chicago Tribune / Mary Ellen Podmolik

CO: Metro foreclosures plummet 46 Percent drop Denver Post / Aldo Svaldi

Illinois existing home sales show gains, but still down 26.7% from a year ago Chicago Tribune / Mary Ellen Podmolik

Stocks off to a shaky start CNN

Thursday’s Analysis / Marty Chenard

Black & Decker's quarterly earnings fall sharply Baltimore Sun / Andrea K. Walker

Stress Test Scores ‘C’ If Name Ends in ‘itigroup’ Bloomberg / Mark Gilbert

Euro zone surveys suggest milder recession in Q2 AP via Houston Chronicle


The Weekly Layoff Report: Is Sanity Emerging? Forbes / Klaus Kneale

Economic decay easing – Geithner CNN / Jennifer Liberto

WA: At pricey high-rise Seattle condos, some buyers back out Seattle Times / Eric Pryne

Wall Street Rallies Over Stress Forbes / Carl Gutierrez

Cardholders stunned by huge rate hikes, slashed credit limits Chicago Tribune / Becky Yerak

Oil Rises Fourth Day as Stocks, Dollar Outweigh Demand Concern Bloomberg / Mark Shenk

Sales of U.S. New Homes in March Exceeded Forecast Bloomberg / Bob Willis

Bonds: Reading the Yield Signs Business Week / Ben Levisohn

¿QuÉ Pasó? ¿QuÉ Pasa? Morgan Stanley / Manoj Pradhan and Joachim Fels

Treasuries Decline Amid Pessimism About Mounting Supply of Debt Bloomberg / Susanne Walker and Gavin Finch

IL: Jewel cuts prices; will Dominick's follow? Chicago Tribune

U.S. Stocks Gain on Earnings as Ford Motor, Microsoft Rally Bloomberg / Rita Nazareth

Democrats want speedy health care debate AP via Seattle Times / Andrew Taylor

Obama Has ‘100%’ Confidence in Bernanke, Emanuel Says Bloomberg / Chris Anstey

UK: The Budget: Limited Fiscal Tightening a Concern Morgan Stanley / Melanie Banker, CFA, Laurence Mutkin and Owen Roberts

U.S. Corporate Borrowing Costs Fall to Lowest Since October Bloomberg / John Detrixhe

Orders for U.S. Durable Goods Fall Less Than Forecast Bloomberg / Shobhana Chandra

U.S. first-quarter earnings exceed expectations Reuters / Edward Krudy

Friday’s Analysis / Marty Chenard

3M profit falls 48 percent, cuts 2009 forecast Reuters

Morgan Stanley eyes changes to trading desk: report Reuters

Spain's jobless rate soars to 17% BBC

State budget gaps top $200 billion; fee, tax hikes in the works / Pamela M. Prah

Treasuries Head for Weekly Gain; Sales of New Homes May Decline Bloomberg / Wes Goodman

The Best Offense Is a Good Defense (and Vice Versa) Pimco / Michael Gomez

Japan’s Bonds Rise, Set for 2nd Weekly Gain, as Stocks Decline Bloomberg / Theresa Barraclough

Goods Orders in U.S. Probably Fell, New Home Sales Stagnated Bloomberg / Shobhana Chandra

California Sues Wells Fargo Over Securities Sales NY Times / Jesse McKinley

Retest coming? Marketwatch / Mark Hulbert

Samsung profit beats fcasts but cautious on future Reuters via Guardian

Asian Stocks Rise for Second Day; Mizuho Rises, KDDI Declines Bloomberg / Jonathan Burgos and Masaki Kondo

Oil Is Set for Weekly Decline on Recession, Slower OPEC Cut Bloomberg / Ben Sharples

Pound Weakens on Newspaper Report That U.K. Debt Rating at Risk Bloomberg / Yasuhiko Seki and Ron Harui

Chinese economy to improve in Q2 -govt economist Reuters via Guardian

UK: Industry suffers worst drop since 1975 yet CBI says worst of slump may

be over London Times / Christine Buckley

South Korea’s Economy Expands 0.1% on Stimulus, Rates Bloomberg / Seyoon Kim



With bar set low, corporate America exceeds expectations Marketwatch / Kate Gibson

Treasury 10-Year Yields 3% for First Time Since Before Buybacks Bloomberg / Daniel Kruger

Personal fortunes riding on the fate of GM's debt AP via Seattle Post Intelligencer / Kimberly S. Johnson

Fed’s Stress Positions May Let Banks Off Easy NY Post / Mark DeCambre and Kaja Whitehouse

Taking Liberties with Price Stability Lew Rockwell / The Mogambo Guru

Profit reports turn spotlight on consumer spending AP via Seattle Post Intelligencer / Mae Anderson

OPEC, Asian Ministers May Call for Curbs on Speculation in Oil Bloomberg / Shigeru Sato and Yuji Okada

Homebuyers hope to time the bottom AP via The State / J. W. Elphinstone

Sales of sleeping pills rising in step with financial anxiety NY Times via The state

Swine flu could become pandemic, health officials say Marketwatch / Jonathan Burton

Is economy behind spate of suicides? Pittsburgh Post Gazette / Mark Roth

High debt load, declining revenue for hotels could bring glut of loan defaults Chicago Tribune / Robert Channick

Recession, Far From Over, Already Setting Records NY Times / Floyd Norris

CA: Housing downturn moves up to Silicon Valley mansions LA Times / Jessica Guynn and Lauren Beale

PA: Downtown Pittsburgh's office vacancy rate increases Pittsburgh Tribune Review

One recession result: Less trash Philadelphia Inquirer via Pittsburgh Post Gazette / Tom Avril

Fatal Swine Flu Shuts Schools in Mexico, Found in U.S. Cases Bloomberg / Tom Randall and Andres R. Martinez

Asian Currencies Gain, Led by Malaysian Ringgit, as Slump Eases Bloomberg / Lilian Karunungan and David Yong

G-7 Says ‘Weak’ Global Economic Recovery Should Begin This Year Bloomberg / Simon Kennedy and Rainer Buergin


How a 5% drop in GDP can look good Marketwatch / Rex Nutting

Today's economy makes 'cheapskates' into folk heroes Allentown Morning Call / Gregory Karp

GDP Probably Shrank as Companies Cut Back: U.S. Economy Preview Bloomberg / Bob Willis

Backstabbing Ben NY Post / James Doran

Summers Says U.S. Economy to Decline ‘For Some Time’ Bloomberg / Matthew Benjamin

How we see – and spend – will change dramatically Sacramento Bee / Jim Downing

Some houses in Sacramento area now cost less than $25,000 Sacramento Bee / Phillip Reese

As unemployment grows, mortgage payment protection programs gain popularity LA Times / Kenneth R. Harney

U.S. Steel, steel industry in a pickle Pittsburgh Post Gazette / Len Boselovic

Buy-and-hold guru says the strategy never worked that well Marketwatch via Boston Herald / Chuck Jaffe

Does H.P. Need a Dose of Anarchy? NY Times / Ashlee Vance

25 Years to Bounce Back? Try 4½ Marketwatch via NY Times / Mark Hulbert

The Fortune 500's biggest losers Fortune via CNN

Be alert to rising mutual fund expense fee AP via Miami Herald / Mark Jewell

Erasing $1T Debt to China Difficult NY Post / John Crudele

A Hundred Anxious Days Washington Post / Eli Saslow

Before Tea, Thank Your Lucky Stars NY Times / Robert H. Frank

OPEC, Asia, call for curbs on oil speculation AP via Miami Herald / Tarek El-Tablawy

Can the IMF now feed the world? Guardian – Observer / Heather Stewart

The capital well is running dry and some economies will wither Telegraph / Ambrose Evans-Pritchard

UK: Budget 'depressing', says ex-minister Digby Jones Guardian – Observer / Ruth Sunderland

IL: Home sales in Chicago area start to show more signs of life Chicago Tribune / Mary Ellen Podmolik


Oil falls to near $49 as swine flu fallout eyed AP via Houston Chronicle / Alex Kennedy

Corporate America's reputation plunges: survey Reuters / Scott Malone

Bank of America lets go of Countrywide name CNN

Remarks by FDIC Chairman Sheila Bair to The Economic Club of New York FDIC

Don't forget the Fed CNN / Paul R. La Monica

Midwest Manufacturing Output Fell in March pdf Federal Reserve Bank of Chicago

The Nuttiness of Negative Interest Rates Ludwig von Mises Institute / Robert P. Murphy

GM Bondholder Group Says Offer Isn’t ‘Reasonable’ Bloomberg / Caroline Salas

Democrats close to 2010 U.S. budget final passage Reuters / Richard Cowen

Bet On Muni Bonds Forbes / Madalina Iacob

Swine flu scare boosts safe-haven bonds Reuters / Burton Frierson

Convertible Bonds Bounce Back Forbes / Matthew Craft

Swine flu worries put a damper on stocks AP via USA Today / Madlen Read

$1 billion a day for stimulus CNN / Tami Luhby

Is a bad economy good for the environment? Christian Science Monitor / Gregory M. Lamb

History Says Avoid Virus Hysteria Forbes / David Whelan

Gold prices dip as dollar jumps on swine flu scare AP via Seattle Times / Sara Lepro

Euro nations told 'cut deficits' BBC News

Bernanke Warming Prompts Record Company Debt Sales Bloomberg / Dakin Campbell and John Detrixhe

Treasuries Gain as U.S. Buys Debt, Flu Stokes Demand for Haven Bloomberg / Susanne Walker and Gavin Finch

Junk bonds riskier than ever Chicago Tribune via South Florida Sun Sentinel / Gail MarksJarvis

Home Vacancies Rise in U.S. to Record Amid Recession Bloomberg / Kathleen M. Howley

Fed Buys $7.025 Billon of Treasuries Due in 2013 Through 2016 Bloomberg / Daniel Kruger

GM to shed 23,000 jobs, kill Pontiac brand Detroit Free Press / Justin Hyde

GM goes for broke CNN / Chris Isidore

Verizon profit boosted by Alltel buy Reuters

Lorillard 1Q profit up 5.7 percent AP via Houston Chronicle / Michael Felberbaum

Monday’s Analysis / Marty Chenard

Whirlpool 1Q profit drops on weakening demand Seattle Times

Corning 1Q profit skids, but beats view AP via Seattle Times / Ben Dobbin

US newspaper circulation sees steeper decline AP via Philadelphia Inquirer / Rachel Metz

Oil dips to $48 on new reports of swine flu AP via Philadelphia Inquirer / Dirk Lammers

Paulson’s ‘Gift’ to Lewis Delivered at Gunpoint Bloomberg / Caroline Baum

Who imports most weapons? The Economist

Forget Inflation Targets, Go For Dollar-Price Stability Forbes / John Tamny

Swine Flu Outbreak Could Deepen Mexico's Recession Washington Post / Anthony Faiola



Federal Reserve ponders measures BBC News

Talk of U.S. 50-year bond resurfaces in market Marketwatch / Deborah Levine

TMPG and SIFMA Announce Updated Closing Time Practice recommendations for Delivering U.S. Treasury Securities SIFMA

Gross Says Fed Likely to Boost Buyback If Yields Rise Bloomberg / Thomas R. Keene and Matthew Leising

Housing: 'Better' doesn't mean 'good' CNN / Robert Cyran

Days could be numbered for BofA and Citi CEOs Reuters / Jonathan Stempel

E*Trade pressured to raise capital; reports loss Reuters / Jonathan Spicer

GM’s latest remodel The Economist

GM to slash another 21,000 jobs AP via Allentown Morning Call / Tom Krisher and Kimberly S. Johnson

Sun Micro loss deepens prior to acquisition Reuters / Jim Finkle

Stocks Retreat Again In Lower Volume Investors Business Daily / Vincent Mao

DreamWorks Animation profit more than doubles Marketwatch / David B. Wilkerson

100 days later The Economist

Swine flu fear catching fast in weak world economy AP via Houston Chronicle / Adam Geller

Berkshire’s 31% Decline Spurred by Derivatives Buffett Derided Bloomberg / Richard Teitelbaum

US long bonds down a full point Reuters

Treasuries Drop as Five-Year Sale Yield Is Higher Than Forecast Bloomberg / Dakin Campbell

Treasury Announces New Plan to Aid Mortgage Holders Bloomberg / Rebecca Christie

Cash for Clunkers: Not Much Bang for the Buck Morgan Stanley / Richard Berner

Industry analysts downgrade Wells Fargo rating San Francisco Chronicle / James Temple

Office Depot posts surprise profit on cost cuts Reuters

U.S. Stocks Rise as Consumer Confidence Offsets Swine Flu Bloomberg / Jeff Kearns

PA: Jobless rate in Pittsburgh area hits 16-year high, at 7.2 percent Pittsburgh Tribune Review / Joe Napsha

CA: Outbreak could impede California's economic recovery Sacramento Bee / Dale Kasler

Goodbye, Countrywide; hello, BofA Home Loans Sacramento Bee / Jim Wasserman

Canada: Exports to fall 22 per cent this year: EDC Globe and Mail / Heather Scoffield

Fed's future role at issue on Hill CNN / Tami Luhby

Brace Yourselves For First-Quarter GDP Forbes / Brian S. Wesbury and Robert Stein

U.S. Consumer Confidence Jumped by Most in More Than 3 Years Bloomberg / Shobhana Chandra

U.S. Stocks Fluctuate After Consumer Confidence Tops Estimates Bloomberg / Jeff Kearns

Tuesday’s Analysis / Marty Chenard

IBM Boosts Dividend 10%, Plans $3 Billion Buyback Bloomberg / Katie Hoffmann

Goldman's Earnings: Fool's Gold? Forbes / Chavon Sutton

Oil, Metals, Grains Drop on Outlook for Demand After Swine Flu Bloomberg / Stuart Wallace and Chanyaporn Chanjaroen

Fed Relies on Bank Reserves to Stem Inflation When Crisis Eases Bloomberg / Steve Matthews and Michael McKee

Fed says Citi, B. of A. need more capital: WSJ Marketwatch / Michael Kitchen

Treasuries Erase Loss After WSJ Says Two Banks May Need Capital Bloomberg / Wes Goodman

People With Service Jobs Feel Economic Pain Early NY Times / Hillary Chura

Anchors 'away' Marketwatch / Irwin Kellner

Home Prices in Major U.S. Cities Probably Fell at Slower Pace Bloomberg / Courtney Schlisserman

Mortgage Modification Bill Faces Trouble in Senate Washington Post / Renae Merle

A contrarian reaction to the flu Marketwatch / Mark Hulbert

The bungling bailout brothers Marketwatch / David Weidner

PA: Home-run businesses become more popular as unemployment rises Pittsburgh Post Gazette / Ann Belser

Bank of America Chief in Battle to Hold His Job NY Times / Louise Story

Japan’s Notes Gain on Concern Swine Flu to Hurt Global Economy Bloomberg / Theresa Barraclough

Yen Rises to Six-Week High as Swine Flu Spurs Demand for Safety Bloomberg / Yasuhiko Seki and Ron Harui

New Zealand May Cut Interest Rate to Record-Low 2.5% Bloomberg / Tracy Withers

Japan Retail Sales Drop for Seventh Month on Job Woes Bloomberg / Toru Fujioka

China Demand Means Asia Exporters May Be Past Worst Bloomberg / Jason Clenfield


Democrats’ message to GOP in budget plan: We don’t need you Christian Science Monitor / Gail Russell Chaddock

On 100th Day, Obama Given A Rest On Economy Forbes / Joshua Zumbrun

Will GM become `Government Motors'? AP via Seattle Times / Stephen Manning

FOMC Statement Federal Reserve Board

Financial literacy Federal Reserve Board / Sandra F. Braunstein

Fed stands pat, and says worst may be over Marketwatch / Greg Robb

Fed lets Treasury bond yields rise LA Times / Tom Petruno

Treasury again increases auctions of 30-year bonds AP via Houston chronicle / Martin Crutsinger

GM bondholders to present alternate plan: source Reuters

Starbucks to launch marketing campaign, slow store growth as 2Q profit falls 77% Seattle Times / Melissa Allison

Volcker Says Economy ‘Leveling Off,’ No Need for More Stimulus Bloomberg / Michael McKee

Rose-colored glasses Marketwatch /

U.S. manufacturers see no rebound as profits plunge Reuters / Scott Malone

Jobless rates rise in all US metro areas in March AP via LA Times

U.S. House Approves Budget Embracing Obama’s Agenda Bloomberg / Brian Faler

Treasuries Are Little Changed After Demand Drops at 7-Year Sale Bloomberg / Daniel Kruger and Dakin Campbell

Shiny, happy Wall Street CNN / Paul R. La Monica

Mortgage demand falls despite rates near record lows Reuters via USA Today

Fed seen holding rates and policy steady Reuters / Mark Felsenthal

Fed Is Said to Seek Capital for at Least Six Banks Bloomberg / Robert Schmidt and Rebecca Christie

Bond bets show government favors banks over autos Reuters / John Parry

Wednesday’s Analysis / Marty Chenard

Economy in U.S. Shrank at 6.1% Rate in First Quarter Bloomberg / Bob Willis

U.S. economy tumbles in first quarter Reuters / Lucia Mutikani

Oil flat ahead of inventory report CNN / Julianne Pepitone

Fed May Keep Asset Purchases Unchanged as ‘Green Shoots’ Emerge Bloomberg / Steve Matthews

Federal Reserve takes fresh stock of economy AP via Palm Beach Post / Jeannine Aversa

Treasury Futures Little Changed Before Record Seven-Year Sale Bloomberg / Wes Goodman

Time for Bank Creditors to Share the Pain? NY Times / David Leonhardt

Carrie Prejean vs. Ken Lewis Marketwatch / Peter Brimelow

Recession Has Changed Lifestyles, Poll Shows Washington Post / Nancy Trejos and Jon Cohen

Economy in U.S. Probably Kept Contracting as Inventories Fell Bloomberg / Bob Willis

Swine Flu Extends Reach, Sickens Hundreds in New York Bloomberg / Tom Randall

Bruised by Stimulus Battle, Obama Changed His Approach to Washington Washington Post / Scott Wilson

States prep for possible swine flu pandemic / Daniel C. Vock and Pauline Vu

Asian Stocks Rise as Sinopec, Samsung SDI Fuel Profit Optimism Bloomberg / Shani Raja

Yen Falls as Prospect Global Slump Easing Reduces Refuge Demand Bloomberg / Ron Harui


The end of the carry trade brings a new era of complexity to currency markets The Economist

New fund, old fundamentals The Economist

Greenspan: Immigration reform will help economy Newsday / Tom Brune

Kudos to Ford for saying 'nyet' to socialism Pittsburgh Tribune Review / Jack Markowitz

As pay falls, CEOs get more perks AP via Kansas City Star / Vinnee Tong

US pay raises hit record low. So the good news is? Christian Science Monitor / Laurent Belsie

Recession reveals how closely U.S. and China are linked economically Kansas City Star / Scott Canon

Biden manages to anger everyone over bad flu advice Christian Science Monitor / Jimmy Orr

Gold falls on recovery hopes; copper rallies Marketwatch / Moming Zhou

Fed fights a losing battle on bonds CNN / Paul R. La Monica

Fed is twittering away its time NY Post / John Crudele

When older Americans move, family is big reason why Marketwatch / Amy Hoak

Comcast 1Q profit up 6 percent on new customers AP via Seattle Post Intelligencer / Deborah Yao

U.S. Stocks Decline on Exxon’s Profit Drop, Chrysler Bankruptcy Bloomberg / Lynn Thomasson

Senate votes down foreclosure bill AP via Houston Chronicle

Maybe they should quarantine Biden Marketwatch

Flu already touching economy, Romer says Marketwatch / Greg Robb

Treasuries Head for Monthly Drop Amid Signals Slump May Ease Bloomberg / Susanne Walker and Dakin Campbell

Thursday’s Analysis / Marty Chenard

The mighty are fallen The Economist

Safeway posts lower profit, cuts forecast Marketwatch / Matt Andrejczak

Dow Chemical 1Q profit tumbles 97 percent AP via Houston Chronicle / Ernest Scheyder

US 30-year mortgage rate drops to match record low Reuters

Oil earnings resilient despite oil price collapse Reuters / Tom Bergin

Recession may dampen the economic cost of a swine-flu epidemic The Economist

Chrysler to file for bankruptcy Reuters / Poornima Gupta and Jeff Mason

Job Cuts Avert Catastrophic Quarter as Profits Excel Bloomberg / Edmond Lococo and Scott Hamilton

Kodak posts wider 1Q loss, suspends dividend AP via Houston Chronicle / Ben Dobbin

U.S. Initial Jobless Claims Fell to 631,000 Last Week Bloomberg / Courtney Schlisserman and Shobhana Chandra

Capitalism Still Has Legs That Are Long and Sexy Bloomberg / Caroline Baum

Oil jumps above $51 on optimism recession slowing AP via Houston Chronicle / George Jahn

IL: Recession hits top law firms' profits Chicago Tribune / Ameet Sachdev

Treasuries Rise on Speculation Spending, Jobs Figures to Drop Bloomberg / Wes Goodman

Pimco Favors Europe Senior Bank Bonds Over U.S. Notes Bloomberg / Shelley Smith and Wes Goodman

Debit-Card Use Overtakes Credit Wall street Journal

Name Hurts Main Unit of A.I.G. NY Times / Keith Bradsher

Lewis Loses Chairman Role at Bank of America Washington Post / Binyamin Appelbaum

Burger King says 3rd-quarter profits rise Pittsburgh Post Gazette / Lauren Shepherd

BASF Quarterly Profit Drops 68% as Construction Markets Slump Bloomberg / Sheenagh Matthews

Asian Stocks Rise as Japanese Production Fuels Growth Optimism Bloomberg / Patrick Rial

Mitsubishi Electric profit drops 92% but beats estimates Marketwatch / Myra P. Saefong

Obama Emphasizes Sharp Departures From Bush Policies Washington Post / Michael D. Shear, Michael A. Fletcher and Scott Wilson

Yen Gains After WSJ Says Chrysler Bankruptcy Talks Break Down Bloomberg / Yasuhiko Seki and Ron Harui

BOJ keeps rates steady, holds off on new steps Reuters via Guardian

New Zealand cuts rates and pledges to keep them low Reuters via Guardian / Mantik Kusjanto

Germany Predicts 6% Shrinkage in Economy NY Times / Stephen Castle

Mexico Plans Partial Shutdown to Reduce Spread of Swine Flu Bloomberg / Jose Enrique Arrioja and Hugh Collins