Bondhead News Archive

June 01 – June 15

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The Growth of Paperless Money: Retail Payments in the United States Continue to Evolve Federal Reserve Bank of Richmond / T. Stuart Desch, and Kiran Krishnamurthy

California Leads Nation to Bond Default Abyss Bloomberg / Kevin Hassett

How to shop for the best deals while CD rates are low USA Today / Sandra Block

Citigroup exit from Dow cements bank's downfall Reuters / Jonathan Stempel

Once-mighty WaMu fading into history books Washington News / Whitney Coleman

Banks finding ways to boost fees Lansing State Journal / Kathy Chu

Nevada leads in home-loan delinquencies Las Vegas Sun / Steve Green

GOP quandary: how hard to swing at Sotomayor Christian Science Monitor / Gail Russell Chaddock

'You Break It, You Own It' Forbes / Logan Robinson

Bankruptcy, at last The Economist

What's behind the Dow changes? Marketwatch / John Prestbo

Stocks start June with a bang CNN / Ben Rooney

Dow Surges Over 2%, Now Over 8700 Level / Mark Glassman

The biggest U.S. corporate failures Globe and Mail

Tracking the recession: Prison economics / John Gramlich

'Difficult time' for minority car dealers Chicago Tribune / Greg Burns

Canada: Recession toll harsh, but easing Globe and Mail

UK: The economic mess began when profligacy replaced prudence Independent / Stephen King

New muni bond insurer near launch, eyes 100 staff Reuters / Lilla Zuill

U.S. 10-Year Note Drops Most in Four Months as Growth Rebounds Bloomberg / Dakin Campbell and Gavin Finch

U.S. manufacturing shrinks at slower rate Reuters / Lucia Mutikani

Mfg index up to 42.8 in May, beats expectations AP via Houston Chronicle

New Data Show Signs Economic Decline May Be Abating Washington Post / Neil Irwin

Consumer spending dips; savings rate surges AP via Seattle Times / Jeannine Aversa

It's time to unspoil your kids CNN / Karen Cheney

Critics attack government role Detroit Free Press / Todd Spangler

Monday’s Analysis / Marty Chenard

General Motors, Citigroup to be cut from the Dow Reuters

Strong Banks Look to Buy Failing Banks NY Post / Mark DeCambre

UBS Advises Selling U.S. Stocks, Buying European on Valuations Bloomberg / Adam Haigh

Rising oil prices suggest hope for the world economy, but could they also limit its recovery? The Economist

Oil climbs to near $68, new high for the year AP via Miami Herald / Carlo Piovano

Geithner to Reassure China U.S. Will Control Deficits Bloomberg / Rebecca Christie


Competing For Capital Forbes / Matthew Craft

The Reverse Bank Run Forbes / Bernard Condon

Oil climbs past $68, new high for the year AP via Houston Chronicle

U.S. distressed debt best performer in 2009: report Reuters

Treasuries Rise as Yields Near Six-Month High Attract Investors Bloomberg / Dakin Campbell

Tough times mean time together for some families AP via Seattle Times / Megan K. Scott

Bank Lending Will Lag The Recovery Forbes / Brian S. Wesbury and Robert Stein

Report Urges U.S. to Slow Health-Care Spending Washington Post / Ceci Connolly and Lori Montgomery

Newspaper ads drop 30% in 1st quarter Bloomberg via Detroit News / Greg Bensinger

Indexes Little Changed In Early Afternoon Trade Investors Business Daily / Vincent Mao

Tuesday’s Analysis / Marty Chenard

Ford May sales drop 24% in U.S. AP via Globe and Mail / Kimberly S. Johnson

Who likes a smoke? The Economist

Treasury prices rebound CNN / Catherine Clifford

U.S. pending home sales see biggest gain in 7 years Reuters

Shrinking salaries: why we are saving more CNN / Donna Rosato

Gold rises as dollar weakens anew Marketwatch / Moming Zhou and Kate Gibson

Bank of America wins appeal on overdraft fees Chicago Tribune / Maura Dolan

Lucky Me, I’m A Double Holder of GM Shares NY Post / John Crudele

Trading volumes may slump as economy stabilizes Marketwatch / Simon Kennedy

Treasuries Advance as Yields Attract Before Fed Buys This Week Bloomberg / Wes Goodman

U.S. economy has rocky road to recovery Marketwatch / Irwin Kellner

Pending U.S. Home Resales Probably Climbed as Market Stabilized Bloomberg / Carlos Torres

Asian Stocks Climb on U.S. Data, GM Bankruptcy; Automakers Gain Bloomberg / Jonathan Burgos and Shani Raja

Oil futures head lower after six-session win Marketwatch / Myra P. Saefong

Oil stays above $68 as investors eye inflation AP via Seattle Post Intelligencer

Yen Gains Versus Euro, Dollar on Speculation Exporters Buying Bloomberg / Theresa Barraclough

Australia Keeps Benchmark Rate at 3% for Second Month Bloomberg / Jacob Greber

Reserve Bank of Australia Says There Is Scope to Ease Bloomberg / Victoria Batchelor

Switzerland’s Economy Shrinks Most in 15 Years on Export Slump Bloomberg / Simone Meier and Klaus Wille



GMAC prices $4.5 billion debt offering AP via Houston Chronicle

An Economy at Risk: The Tough Decisions Ahead pdf Federal Reserve Bank of Kansas City

Unemployment Insurance with a Hidden Labor Market Federal Reserve Bank of Chicago / Fernando Álvarez-Parra and Juan M. Sanchez

Bernanke Warns Deficits Threaten Financial Stability Bloomberg / Craig Torres and Brian Faler

U.S. Refinancing Tumbles as Window Closes: Chart of the Day Bloomberg / Bob Willis

Back To The Future For Freddie, Fannie? Congress May Follow Model That Failed Investors Business Daily / David Hogberg

White metal looks to outpace gold again, thanks to its industrial uses Marketwatch / Moming Zhou

Oil hovers above $66 as 3-month rally cools off AP via Seattle Post Intelligencer / Alex Kennedy

CFOs Hoping for the Best, Planning for the Worst / Kate O'Sullivan

Wal-Mart says it will create 22,000 jobs in 2009 AP via Miami Herald

FDIC shelves toxic loan plan Fortune via CNN / Colin Barr

The Real Suckers Are In Cash Forbes / Robert Lenzner

On Main Street, little hope and hiring CNN / Emily Maltby

The 10 Hardest Jobs To Fill In America Forbes / Tara Weiss

13 cities post unemployment above 15% CNN / Julianne Pepitone

MI: GM Bankruptcy May Say ‘No Reason to Stay’ to Detroit Residents Bloomberg / Keith Naughton and Jeff Plungis

No Bond Safe From Obama’s ‘Shared-Sacrifice’ Plan Bloomberg / David Reilly

Fed May Step Up on Mortgages, Bank of America Says Bloomberg / Jody Shenn

Ballmer Says Obama Tax Would Move Microsoft U.S. Jobs Offshore Bloomberg / Ryan J. Donmoyer

It's your problem, Bernanke tells Congress Marketwatch

Jim Cramer: Defiant or clueless? Marketwatch / Jon Friedman

Stocks fall, breaking 4-day rise, on worse-than-expected data on factory orders, services AP via Newsday / Sara Lepro

Jobless rates rise in all metro areas; see chart of rates AP via USA Today

Who's your daddy? The Economist

Gordon Brown is flailing as cabinet ministers quit The Economist

Obama visits Saudi Arabia, Cairo – why not Israel? Christian Science Monitor / Ilene R. Prusher

Oil price rally comes to a halt BBC News

Lewis: Dial B for bankruptcy Denver Post / Al Lewis

Staying Rich in the New Normal Pimco / Bill Gross

Gross Says Diversify From Dollar as Deficits Surge Bloomberg / Dakin Campbell

Current economic and financial conditions and the federal budget Federal Reserve Board / Ben S. Bernanke

Bernanke Warns Long-Term Deficits Threaten Financial Stability Bloomberg / Craig Torres and Brian Faler

U.S. Stocks Drop on Concern Over Job Losses, Earnings Valuation Bloomberg / Lynn Thomasson

Wednesday’s Analysis / Marty Chenard

U.S. ISM Service Industries Index Increased in May Bloomberg / Shobhana Chandra

Has Rising Inequality Destroyed The Middle Class? Forbes / Thomas F. Cooley

Fed Said to Raise Requirements for Banks to Repay TARP Funds Bloomberg / Christine Harper and Craig Torres

Trying to Pitch Products to the Savers NY Times / Stuart Elliott

Treasuries Little Changed Before Fed Purchases Today, Tomorrow Bloomberg / Wes Goodman

U.S. Service Industries Probably Shrank at Slower Pace in May Bloomberg / Shobhana Chandra

Fight Government Encroachment into Healthcare! Lew Rockwell / Ron Paul

FL: Local economy faring better Bradenton Journal / Brian Neill

MI: Detroit’s Woes Wound an Army of Suppliers NY Times / Louis Uchitelle

Asian Stocks Rise for Fourth Day on Economic Growth Optimism Bloomberg / Shani Raja

Yen Strengthens as U.S. Payroll Concern Spurs Safety Demand Bloomberg / Theresa Barraclough and Yasuhiko Seki

Australia Unexpectedly Grows 0.4%, Skirting Global Recession Bloomberg / Jacob Greber

Jobless Rate in Europe Rises Further NY Times / Matthew Saltmarsh



The Federal Reserve weighs plans to unwind its unconventional stimulus The Economist

Retailers' May Misery Forbes / Tom Van Riper

No, A Whole Bunch of Folks Didn’t Just Get Jobs NY Post / John Crudele

Jobs could get run over by auto woes CNN / Chris Isidore

As interest rates rise, housing market groans Christian Science Monitor / Mark Trumbull

Medical bills play a role in 62% of bankruptcies, study says LA Times via South Florida Sun Sentinel / Lisa Girion

Thursday’s Analysis / Marty Chenard

Internal emails show Mozilo was smart Denver Post / Al Lewis

Countrywide's Mozilo accused of fraud CNN / Tami Luhby

Higher commodity prices may not be good news The Economist

Oil settles above $68 as 3-month rally resumes AP via Houston Chronicle

A giant falls The Economist

Let's be friends The Economist

Safeway: Colo. workers' contract extended again AP via Denver Post

Reports: Bleak state budgets through 2011 / Pamela M. Prah

FL: Orlando airport traffic declines – again Orlando Sentinel / Scott Powers

SC high court orders Gov. Sanford to request money AP via The State / Jim Davenport

Europe's democracy deficit The Economist

Bond Market Gags on Relentless Economic Hurrah Bloomberg / Mark Gilbert

Doomsayers--Or Realists? Forbes / Nouriel Roubini

Trading Down Forever? Forbes / Alexandra Zendrian

U.S. First-Quarter Productivity Rises 1.6%; Labor Costs Up 3% Bloomberg / Bob Willis

The new 'good' job: 12 bucks an hour CNN / Steve Hargreaves

U.S. Initial Jobless Claims Fall 4,000 to 621,000 Bloomberg / Shobhana Chandra

U.S. retailers report May sales declines AP via Houston Chronicle

Buffett Is Less Bullish on U.S. Than You Think Bloomberg / Alice Schroeder

U.S. Mortgage Rates Jump to Highest Since December Bloomberg / Brian Louis

Preparation Lew Rockwell / Michael Gaddy

What Obama's Mideast Trip Says About The U.S. Forbes / Claudia Rosett

Bad News for Our Money Ludwig von Mises Institute / Thorsten Polleit

Canada keeps interest rate at record low AP via San Diego Union Tribune / Rob Gillies

ECB Keeps Key Rate at Record-Low 1% on Recovery Signs Bloomberg / Christian Vits

Treasuries Little Changed Before Report on Worker Productivity Bloomberg / Wes Goodman

FL: Region's economy to shrink further Orlando Sentinel / Jim Stratton

Oil steadies, gold up but wary on U.S. dollar Reuters via Guardian / Lewa Pardomuan

Florida disaster official suggests using foreclosed properties as hurricane housing St. Petersburg Times / Marc Caputo

Asian Stocks Decline on Commodities Slump, U.S. Economy Reports Bloomberg / Shani Raja

Steep fluctuations in the value of the dollar can dramatically affect your bottom line Pittsburgh Post Gazette / Tim Grant

Dollar weakness is a sign that things are on the mend Independent / Jeremy Warner

Yen Drops After Japanese Increase Purchases of Overseas Bonds Bloomberg / Theresa Barraclough and Yasuhiko Seki

Rising Interest on Nations’ Debts May Sap World Growth NY Times / Nelson D. Schwartz

Japanese Companies Cut Spending 25% as Exports Slump Bloomberg / Keiko Ujikane

Australia’s Unexpected Expansion May Mask Weakness Bloomberg / Victoria Batchelor and Jacob Greber


Jobless Recovery Redux? Federal Reserve Bank of San Francisco / Mary Daly, Bart Hobijn and Joyce Kwok

What if U.S. banks repay government too fast? Reuters / Patrick Rucker and Jonathan Stempel

Muni Bond Sales Rise to $8 Billion as Yields Reach 7-Week High Bloomberg / Jeremy R. Cooke

The Impact of Liquidity, Securitization, and Banks on the Real Economy Federal Reserve Bank of Boston / Eric S. Rosengren

Closing Panel Presentation pdf Federal Reserve Bank of San Francisco / Janet L. Yellen

Fed to bond market: "We get it" Reuters / Alister Bull

NBER’s Hall Says ‘Way Too Early’ to Declare Recovery Bloomberg / Steve Matthews

Krugman Says No Signs of ‘V-Shaped’ Economic Recovery Bloomberg / Dara Doyle and Louisa Nesbitt

Most U.S. Stocks Fall, Led by Banks, on Interest Rate Concern Bloomberg / Lynn Thomasson

Bank of Lincolnwood in Illinois Seized by Regulator Bloomberg / Margaret Chadbourn and Ari Levy

Taxes fair target for U.S. healthcare revamp: experts Reuters / Kim Dixon

U.S. Climate Bill to Cut Deficit, Budget Office Says Bloomberg / Daniel Whitten

Republican Lugar Says Obama’s Cairo Speech ‘Signal Achievement’ Bloomberg / Hans Nichols

Shaken economy stirs up interest in bartender classes Dallas Morning News / John Coleman

Traders Begin to Speculate Fed Will Need to Tighten Bloomberg / Liz Capo McCormick

Treasuries Tumble as Jobs Report Renews Fed Rate Speculation Bloomberg / Susanne Walker and Dakin Campbell

What are mortgage rates telling us now? AP via Houston Chronicle / Loren Steffy

Michigan shuts 8 prisons to save $120B CNN / Tami Luhby

Selling California? AP via Modesto Bee / Samantha Young

Canada interested in new US free trade deal AP via Seattle Post Intelligencer / Rob Gillies

Oil prices briefly above $70 on US jobs data AP via Miami Herald / George Jahn

U.S. unemployment rate hits 9.4% Chicago Tribune / Jim Tankersley

Stocks churn after jobs report CNN

Friday’s Analysis / Marty Chenard

Report: FDIC pushing for shake-up at Citigroup AP via Miami Herald

‘Legacy of Debt’ Gives Fiscal Stimulus Bad Name Bloomberg / Caroline Baum

In Ratings Agencies, Investors Still Trust NY Times / David Gillen

Treasuries Decline as Oil, Gold Costs Add to Inflation Concern Bloomberg / Wes Goodman

Fed Intends to Hire Lobbyist in Campaign to Buttress Its Image Bloomberg / Robert Schmidt

The Eye of the Economic Hurricane Daily Reckoning via Lew Rockwell / Bill Bonner

U.S. Unemployment Rate Probably Topped 9%, Highest Since 1983 Bloomberg / Shobhana Chandra

Don’t Tell Tax Justice Why Sarasin Won’t Invest in Treasuries Bloomberg / Warren Giles

IRS considers regulating tax preparers Washington Post / David M. Dickson

The Health Plan's Devilish Principles Lew Rockwell / Murray N. Rothbard

Southern California property values sink below historic norms LA Times / Peter Y. Hong

Oil price tipped to soar on Chinese demand London Times / Alexandra Frean

Airbus, Boeing Deliveries to Plunge on Airline Woes, Group Says Bloomberg / Andrea Rothman and Soraya Permatasari

Asian Stocks Head for Third Weekly Gain; BHP, Rio Tinto Surge Bloomberg / Shani Raja

Yen Falls, Set for Third Weekly Loss, Before U.S. Jobs Report Bloomberg / Theresa Barraclough and Oliver Biggadike


Stock rally could get a June boost Marketwatch

Treasuries Tumble as Jobs Report Renews Fed Rate Speculation Bloomberg / Susanne Walker

IMF Says New Reserve Currency to Replace Dollar Is Possible Bloomberg / Alexander Nicholson

Bank of America Stocks Board With Ex-Regulators, Former Bankers Bloomberg / Michael J. Moore and David Mildenberg

Slower U.S. Job Losses Signal Recession Is Starting to Ease Bloomberg / Shobhana Chandra

Dollar Rises Most Versus Yen Since February on U.S. Economy Bloomberg / Oliver Biggadike and Daniel Kruger

MI: State's economic recovery expected to start next year Detroit Free Press / Katherine Yung

Obama: 'Time to deliver' on health care AP via Augusta Chronicle / Erica Werner

Regulators Push for Change at Two Troubled Big Banks NY Times / Edmund L. Andrews and Louis Story

Millions Face Blank Screens in TV Switch NY Times / Stephen Labaton

Work at Home and Make Big Money? Let the Wise Be Wary NY Times / Alina Tugend

Russian Warns Against Relying on Dollar NY Times / Andrew E. Kramer

Asian Stocks Post Third Weekly Gain Amid Economic Optimism Bloomberg / Jonathan Burgos

Blanchflower Says BOE May Expand U.K. Money-Printing Program Bloomberg / Elliott Gotkine and Brian Swint



Ben Bernanke struggling to be heard Pittsburgh Tribune Review / Jack Markowitz

Retail Sales Probably Rose on Auto Demand: U.S. Economy Preview Bloomberg / Bob Willis

Despite Improving, Job Front Remains Grim Wall Street Journal / Sudeep Reddy

Temp jobs help mask American unemployment rate AP via Baltimore Sun / Frank Bass

Why Home Prices May Keep Falling NY Times / Robert J. Shiller

Can the 3-month long stock rally continue? CNN / Alexandra Twin

Spice Up the Index-Fund Formula Wall Street Journal / Jonathan Burton

Strong Bull Now Seeing Market Bear Tracks NY Post / Terry Keenan

Treasuries take hit as stocks soar Baltimore Sun / Jay Hancock

Treasuries and Stocks, in a Role Reversal NY Times / Jeff Sommer

Senator says Obama 'got nerve' to push lawmakers AP via Seattle Times / Erica Werner

Obama Officials See Hope in Economy, Defend GM Plan Bloomberg / Ryan J. Donmoyer and Bob Willis

Obama's man called shots on bankruptcy Detroit Free Press / Greg Gardner

Kicking Wagoner out caused outrage and shock at GM Bloomberg via Detroit Free Press / Jeff Green and Doron Levin

Government jobs' recession shield at work AP via Seattle Post Intelligencer

Clinton says U.S. mulls putting North Korea back on terror list Reuters / Sue Plenning

Formerly safe bonds are increasingly a risky investment Chicago Tribune / Gail MarksJarvis

Some Wonder If Bond Market Has Reached Its Tipping Point Washington Post / Elizabeth Ody

Bankruptcy's hidden toll: The little victims Chicago Tribune / Mary Ellen Podmolik, Sandra M. Jones, Ameet Sachdev and Michael Oneal


U.S. Said to Plan Approving 10 Banks to Repay TARP Bloomberg / Robert Schmidt and Christine Harper

NY: More empty storefronts pop up in plazas Journal News / Julie Moran Alterio and Allan Drury

For newspapers, more bad news: Online ad revenue is plummeting Christian Science Monitor / Matthew Shaer

Most U.S. Stocks Drop as Health-Care, Commodity Shares Slump Bloomberg / Lynn Thomasson

Not So Fast, Mr. President Forbes / Joann Muller

Obama Aid Signals Deal With ‘Devil’ as Bankers Get New Rules Bloomberg / Pat Wechsler and Peter Robison

G8 ministers reportedly to offer brighter economic view Marketwatch / Myra P. Saefong

Financial Regulation in the Wake of the Crisis Federal Reserve Board / Daniel K. Tarullo

Treasuries Decline on Looming Supply, Interest Rate Outlook Bloomberg / Susanne Walker

Mortgage-Bond Yields Jump to Highest Since Fed’s Buying Plan Bloomberg / Jody Shenn

Are canned goods safer than U.S. government bonds? Reuters / Dena Aubin and John Parry

‘Fierce Rally’ Under Way for Leveraged Loan CDOs Bloomberg / Pierre Paulden

Commodity bubble feared as gains ignore fundamentals Reuters / Matthew Robinson

U.S. dollar maintains upside bias as euro falls Marketwatch / Polya Lesova and Nick Godt

Credit card delinquency on the rise CNN / Julianne Pepitone

Monday’s Analysis / Marty Chenard

Stocks erase losses, turn higher CNN / Alexandra Twin

Apple unveils cheaper notebook, Jobs absent Reuters / Alexei Oreskovic and David Lawsky

Obama turned down Bush proposal on autos Detroit Free Press / Justin Hyde

World Bank's Zoellick cautious on global outlook Reuters

The world's biggest military spenders by population The Economist

Treasuries Little Changed Amid Bets High Yields Unsustainable Bloomberg / Susanne Walker and Anchalee Worrachate

Gross Reduces Mortgage Holdings to Lowest In a Year Bloomberg / Dakin Campbell

Growth Does Not Cause Inflation Reuters / John Tamny

Bernanke Conundrum Threatens Housing on Mortgage Rate Bloomberg / Liz Capo McCormick and Dakin Campbell

Gold falls as dollar continues to strengthen; silver also down Marketwatch / Moming Zhou

Oil drops below $68 AP via Seattle Times / George Jahn

‘Stagflation Scenario’ Stalks U.S. as Commodity Prices Jump Bloomberg / Rich Miller and Matthew Benjamin

Winners still doubt rally Marketwatch / Peter Brimelow

Cisco today joins Dow Jones industrial average Mercury News / Steve Johnson

McDonald's global May same-store sales up 5.1 percent Reuters

Global Airline Industry Nearly Doubles Loss Estimate to $9 Billion NY Times / Bettina Wassener

Some banks to return U.S. aid Washington Post via Tennessean / Binyamin Appelbaum and David Cho

The federal government gets TARP right CNN / Allan Sloan

Obama Unveils New Projects, Says Economy Has ‘Long Way to Go’ Bloomberg / Kim Chipman

Obama Seeks to Show Health-Care Revamp Is Affordable Bloomberg / Kim Chipman and Ryan Donmoyer

Chicago hotels racked by glut of rooms Chicago Tribune / Mary Ellen Podmolik


Senate Democrats unveil healthcare bill Reuters / Donna Smith

Those Wall St. Warrants Forbes / Carl Gutierrez

TARP payback may not help consumers Fortune via CNN / Colin Barr

GOP’s new Sotomayor strategy: Attack Obama Christian Science Monitor / Gail Russell Chaddock

A different breed of vigilante AP via Houston Chronicle / Loren Steffy

Why Are Other Yields Falling as the Treasury Bond Yield Rises? Northern Trust via Safehaven / Paul Kasriel

Major Indexes Barely Budge in Flat Session / Mark Glassman

Speculators bid up share price of bankrupt GM St. Louis Post Dispatch / David Nicklaus

Canada: Employers still wary of hiring Globe and Mail / Tavia Grant

The next great crisis: America's debt Fortune via CNN / Shawn Tully

Treasuries Seven Years and Less Gain After Record-Tying Auction Bloomberg / Susanne Walker and Daniel Kruger

Dr. Bernanke creates a Frankenstein out of money NY Post / John Crudele

Fed’s Dollar Lie Called Out by Victorious Merkel Bloomberg / Amity Shlaes

U.S. bankruptcies highest since 2005 Reuters / Jonathan Stempel

Crude closes over $70 for first time this year AP via Houston Chronicle

Gold, other commodities rebound as dollar declines AP via Houston Chronicle / Sara Lepro

U.S. Stocks Advance as Technology, Commodity Shares Climb Bloomberg / Elizabeth Stanton

A growing hunger to profit from the global market for smart phones The Economist

Recession leaves parents hunting for affordable day care Orlando Sentinel / Linda Shrieves

Fed report projects little rebound in jobs San Francisco Chronicle / Tom Abate

U.S. consumer confidence improves in June Reuters

In recession, sometimes best price is no price AP via Seattle Post Intelligencer / Wayne Parry

Berkshire Bought Municipal Bonds Amid Higher Yields Bloomberg / Erik Holm and Jeremy R. Cooke

Downgrade Threats Are Not Credible Forbes / Oxford Analytica

Bond Dealers Say Futures Traders’ Rate Bets Wrong Bloomberg / Liz Capo McCormick

Inventories at U.S. Wholesalers Fall for Eighth Straight Month Bloomberg / Bob Willis

Buyers are shopping for stock bargains Forbes / Brian S. Wesbury and Robert Stein

Tuesday’s Analysis / Marty Chenard

GM says 75 percent of canceled dealerships have agreed to go away quietly Cleveland Plain Dealer / Robert Schoenberger

Keeping Cash? You're No Sucker Forbes / David Serchuk

IL: A Chrysler dealer's final pitch Chicago Tribune / Robert Channick

Fed Said to Retreat From Seeking Power to Sell Its Own Bills Bloomberg / Scott Lanman

Pimco Says ‘Rate Hikes Will Be Some Time in Coming’ Bloomberg / Wes Goodman

Treasuries Are Little Changed as $65 Billion in U.S. Sales Loom Bloomberg / Wes Goodman

Some owners who used homes to buoy finances are sinking LA Times / E. Scott Reckard

Hedge Funds Rebound, Gaining 5% in a Month NY Times / Zachery Kouwe

Ginsburg stalls sale of Chrysler Washington Times / William Ehart

Treasury Plays It Smart and Gets It Right Washington Post / Allan Sloan

Biden says stimulus package is responsible for 150,000 jobs Pittsburgh Post Gazette / Ann Belser

Higher Florida cigarette tax could increase sales of e-cigarettes St. Petersburg Times / Robert Trigaux

Oil rises towards $69 as dollar dips, eyes stocks data Reuters via Guardian / Maryelle Demongeot

Dollar rises but off peaks hit after jobs data Reuters / Masayuki Kitano

Most Asian Stocks Fall on Valuation Concern; Westfield Advances Bloomberg / Masaki Kondo

Australian Business Confidence Jumps Most Since 2001 Bloomberg / Jacob Greber



Social Security Math Understates Scope Of Funding Problem Investors Business Daily / Jed Graham

America's debt is Barack Obama's biggest weakness The Economist

Fed’s Lacker sees signs of economic bottom AP via The State

Beige Book Federal Reserve Board

The Systemic Importance of Consumer Protection Federal Reserve Board / Elizabeth A. Duke

The Economic Outlook Federal Reserve Bank of Richmond / Jeff Lacker

Fed Says Downturn May Be Moderating Amid Weakness Bloomberg / Scott Lanman and Vivien Lou Chen

Fed survey sees signs recession is easing AP via Miami Herald / Jeannine Aversa

New index foresees recession's end USA Today / John Waggoner

10-year Treasury yield hits 4% CNN / Catherine Clifford

U.S. sweetens 10-year note sale to draw wary buyers Reuters / Richard Leong

U.S. budget deficit nears $1 trillion CNN / Ben Rooney

CA: Use of short sales on rise in Sacramento housing market Sacramento Bee / Jim Wasserman

Oil hits another high for 2009 as traders eye inflation AP via Houston Chronicle

Stocks dip on inflation woes CNN / Alexandra Twin

The $787 Billion Mistake Forbes / Lee E. Ohanian

Russia May Swap Some U.S. Treasuries for IMF Debt Bloomberg / Alex Nicholson

Dollar, Government Bonds to Fall on Recovery Signs, Survey Says Bloomberg / Daniel Kruger

Treasury yields at 7-month highs CNN / Catherine Clifford

Panel to query Ben Dow Jones via NY Post

U.S. mortgage demand withers as loan rates spike Reuters / Lynn Adler

U.S. trade gap widens on softening exports Reuters / Glenn Somerville

U.S. Trade Gap Widened in April as Exports Slumped Bloomberg / Shobhana Chandra

Wednesday’s Analysis / Marty Chenard

Stocks mostly rise on oil, Home Depot forecast AP via Seattle Post Intelligencer / Stephen Bernard and Tim Paradis

Fed will dawdle, top forecaster fears Marketwatch / Rex Nutting

Treasuries Decline as U.S. Prepares 10-Year Sale, Stocks Rise Bloomberg / Wes Goodman

Rate cuts good news for borrowers but can be bad news for municipalities, school districts Pittsburgh Post Gazette / Bill Toland

Trade Deficit in the U.S. Probably Widened on Higher Oil Prices Bloomberg / Shobhana Chandra

Revenue at Craigslist Is Said to Top $100 Million NY Times / Brad Stone

Oil price spike spells trouble for economy Washington Times / Amanda DeBard

Oil Advances Toward $71 on API Stockpile Drop, Weaker Dollar Bloomberg / Christian Schmollinger and Ben Sharples

We're wasting our chance to fix the banking system Marketwatch / Rex Nutting

Sea of Red Ink: How It Spread From a Puddle NY Times / David Leonhardt

U.S. Said to Seek New Powers for SEC Over Banks’ Executive Pay Bloomberg / Jesse Westbrook, Robert Schmidt and Rebecca Christie

Summer doldrums? Marketwatch / Mark Hulbert

Neiman to cut hours in some stores Chicago Tribune

Asian Stocks Climb on Commodity Prices, Australian Confidence Bloomberg / Patrick Rial and Masaki Kondo

Japan Machine Orders, Producer Prices Fall as Firms Cut Costs Bloomberg / Jason Clenfield and Mayumi Otsuma

China's consumer, producer prices slip again in May Marketwatch / Chris Oliver

Australian Consumer Confidence Jumps Most in 22 Years Bloomberg / Jacob Greber


Canada: Rebalancing the Global Economy Bank of Canada / Mark Carney

US Treasury yields rise. Will economy follow? Christian Science Monitor / Laurent Belsie

Homeowner associations start foreclosures to collect dues AP via USA Today / Paul J. Weber

Despite stimulus, schools feel budget pain / Pauline Vu

Weak job market may crimp spending, slow recovery AP via Tacoma News Tribune / Christopher S. Rugaber

5 Companies Upping Their Estimates / Sarah Morgan

Southwest CEO says June looking worse than May AP via Denver Post

Palin says Letterman a threat to 14-year old daughter Willow Bloomberg / Jimmy Orr

Thoughts on Stabilization, Recovery, and Transition Federal Reserve Bank of Atlanta / Dennis P. Lockhart

The Fed And BofA: Who Coerced Who? Forbes / Liz Moyer

Inflation Is Nothing Compared To The Cure Forbes / Clem Chambers

Feel poorer? Americans’ net worth shrinks AP via Houston Chronicle

Homes You Can Buy With A Credit Card Forbes / Matthew Woolsey

Metro Detroit home sales up 12.6% Detroit Free Press / Greta Guest

Employees linking work, social media Chicago Tribune / Wailin Wong

Returns may have improved but hedge funds still face a lot of problems The Economist

Fed Hit by Subpoena - Fasten Your Seatbelt Sustainable Wealth via Safehaven / Axel Merk

Bondholders Face Losses From Commercial Mortgages Bloomberg / Sarah Mulholland

Treasuries Gain as Bonds Yield Most at an Auction Since 2007 Bloomberg / Susanne Walker and Dakin Campbell

U.S. mortgage rates erase Fed's handiwork Reuters

Option ARMs Threaten Housing Rebound as Resets Peak Bloomberg / Brian Louis

Indexes Pull Back In Afternoon Trading Investors Business Daily / Vincent Mao

U.S. Stocks Gain, Sending S&P 500 to 7-Month High; Oil Rallies Bloomberg / Elizabeth Stanton

Household Wealth in U.S. Decreased by $1.3 Trillion Bloomberg / Courtney Schlisserman

The underworked American The Economist

Volcker Says Slump Eases ‘Most Clearly’ in U.S., U.K. Bloomberg

The right and wrong ways to deal with the rich world’s fiscal mess The Economist

Swine Flu Fans First Pandemic Since 1968, WHO Says Bloomberg / Jason Gale

Declaring a pandemic The Economist

Facebook Users Staying In Friday Night to Grab Names Bloomberg / Joseph Galante and Ian King

Executive compensation Federal Reserve Board / Scott G. Alvarez

Fresh data suggests recession abating Reuters / Lucia Mutikani

U.S. Retail Sales Gain for First Time in Three Months Bloomberg / Bob Willis

U.S. Initial Jobless Claims Decreased Last Week Bloomberg / Shobhana Chandra

Thursday’s Analysis / Marty Chenard

Those oil bandits need a good pistol-whipping NY Post / John Crudele

Oil hovers near $72 on investor optimism for an economic recovery AP via Chicago Tribune / George Jahn

Greater oil demand seen for 2009 BBC News

Dollar’s Reserve Status May Deteriorate, Roubini Says Bloomberg / Natalie Weeks and Mark Deen

Pound hits 2009 high against euro BBC News

Lawmakers Invested in Bailed-Out Firms Washington Post / Paul Kane and Carol D. Leonnig

Retail Sales in U.S. Probably Rose, Sparked by Auto Bargains Bloomberg / Bob Willis

U.S. Foreclosure Filings Top 300,000 as Bank Seizures Loom Bloomberg / Dan Levy

Chrysler hustle seems suspicious Pittsburgh Tribune Review / Jack Markowitz

GM Bondholders to Protest Asset Sale Following Chrysler Ruling Bloomberg / Linda Sandler, Christopher Scinta and Tiffany Kary

10 reasons the worst of the crisis is over Marketwatch / David Callaway

'How the Mighty Fall' Marketwatch / Marshall Loeb

Most Asian Stocks Rise on Profit Optimism; Nippon Steel Climbs Bloomberg / Masaki Kondo

Oil is back, but not as much as gold? Marketwatch / Peter Brimelow

BP's Tony Hayward warns of dwindling demand for oil London Times / Robin Pagnamenta and Carl Mortished

UK: Recession may be over but not the pain Independent / Jeremy Warner

Britain is heading out of recession, says influential think-tank NIESR London Times / Gary Duncan and Gráinne Gilmore

China data show weak trade but scorching investment flows Marketwatch / Chris Oliver

Treasuries Little Changed After 10-Year Yield Approaches 4% Bloomberg / Wes Goodman

Bank of Korea Keeps Rate Unchanged at Record-Low 2% Bloomberg / Seyoon Kim

Japan Economy Shrank 14.2% Last Quarter on Exports Bloomberg / Jason Clenfield

New Zealand Leaves Key Rate Unchanged Amid Recovery Bloomberg / Tracy Withers


Betting on the Dollar / Josh Hyatt

U.S. Corporate Bond Issuance Tumbles as Treasury Rates Rise Bloomberg / John Detrixhe and Cristina Alesci

FL: Realtors: Threats to South Florida market still loom Palm Beach Post / Jeff Ostrowski

Vegas economy shows glimmer of hope Las Vegas Sun / Brian Wargo

Worst is over for oil market: OPEC AP via Globe and Mail / Christopher Johnson

PIMCO: Fed to "engage again" in Treasury buys Reuters / Jennifer Ablan and Daniel Burns

Protect yourself from a Treasury market collapse CNN / Joe Light

Bond bust fears overblown - for now Fortune via CNN / Dwight Cass

GM Bonds Valued at 12.5 Cents to Settle Credit-Default Swaps Bloomberg / Shannon D. Harrington

Muni Bonds Lag 13 Years Behind Corporate Disclosure Bloomberg / Darrell Preston

Economic Rebound? Curb Your Enthusiasm ABC News / Troy McMullen

U.S. Markets Wrap: Dow Erases 2009 Loss, Treasuries Rally Bloomberg / Elizabeth Stanton and Susanne Walker

ObamaCare Could Punish You For Being Healthy Forbes / David Whelan

The Recession Is Great Forbes / Elisabeth Eaves

U.S. consumers' mood strongest in 9 months Reuters

Import prices surge on petroleum Reuters via NY Times

Mortgage rates go up to 5.59 percent AP via Seattle Times

Real Estate: What happened in Phoenix Fortune via CNN / David Whitford

Friday’s Analysis / Marty Chenard

U.S. Stocks Fall as Oil, Metals Slump Drags Down Chevron, Alcoa Bloomberg / Elizabeth Stanton

Auto Dealers at Risk Turn to Washington NY Times / Carl Hulse and Bernie Becker

Hedge Funds Post Best Performance Since February 2000 Bloomberg / Tomoko Yamazaki

Dollar gains on rivals ahead of Group of Eight meeting Marketwatch / Deborah Levine

OPEC raises May output for second month as prices rise Marketwatch / Moming Zhou

Treasuries Rise as Yosano Says Japan Is Confident on U.S. Debt Bloomberg / Wes Goodman

Yosano Says Japan’s Trust in Treasuries ‘Unshakable’ Bloomberg / Keiko Ujikane and Takashi Hirokawa

Spike in Interest Rates Could Choke Recovery Washington Post / Neil Irwin

U.S. Consumer Confidence Likely Rose for a Fourth Month in June Bloomberg / Courtney Schlisserman

Weakness in the Dow Transportation Average is worrying some Marketwatch / Mark Hulbert

The Frame of Mind of American Economic Policymakers Lew Rockwell / Marc Faber

Obama Stumps for Health-Care Reform Washington Post / Michael A. Fletcher and Shailagh Murray

Fascialism: The New American System Lew Rockwell / Thomas J. DiLorenzo

Will gas hit $3? Sudden surges defy forecasts, Palm Beach County residents are saying Palm Beach Post / Susan Salisbury and Tracey McManus

Oil retreats after three-session climb Marketwatch / Myra P. Saefong

Renminbi on the way to being the world's most important currency Independent / Hamish McRae

Pound surges as investors bet Britain will be first out of recession London Times / Gary duncan

China’s Economy Takes a Sharp Domestic Turn NY Times / Keith Bradsher

UK: Can we really say that the recession is over? Independent / Sean O'Grady

Convertible bonds driving returns at Citadel Investment Group Bloomberg via Chicago Tribune

Asia Stocks Rise on Retail Sales, Metals Prices; Nomura Jumps Bloomberg / Shani Raja

China’s Industrial Output Rebounds, Aiding Recovery Bloomberg



Florida has long way to go to pull out of recession St. Petersburg Times / Jeff Harrington

Bankers Are Scared. Are You? Lew Rockwell / Gary North

Property Rights Take a Hit Lew Rockwell / Peter Schiff

The Frame of Mind of American Economic Policymakers Lew Rockwell / Marc Faber

Lender’s Role for Fed Makes Some Uneasy NY Times / Edmund L. Andrews

Treasuries Gain as Debt Auctions Attract Most Demand This Year Bloomberg / Dakin Campbell and Susanne Walker

Theme park firm Six Flags files for bankruptcy Reuters

Stocks in focus for Monday Marketwatch

How Do I Know You’re Not Bernie Madoff? NY Times / Paul Sullivan

Dollar Depreciates on Central Bank Diversification Concern Bloomberg / Ye Xie

Gasoline prices rise for 45 straight days AP via Baltimore Sun

Chicago Mayor Richard Daley threatens 1,500 layoffs Chicago Tribune / Dan P. Blake

Michigan to aggressively pursue GM small car factory Lansing State Journal / Kathy Barks Hoffman

Big economies 'stabilising' - G8 BBC News


Krugman’s economic nostalgia CNN

Stingy banks drive savers to bonds St. Louis Post Dispatch / Jim Gallagher

Will recession yield a permanent cultural shift in spending habits? Chicago Tribune / Andrea K. Walker

Production Probably Fell, Housing Gained: U.S. Economy Preview Bloomberg / Bob Willis

Housing may bottom, but recession rolls along Marketwatch / Rex Nutting

Key economists fear inflation is threatening a comeback McClatchy via Pittsburgh Tribune Review / Mark Davis

Awaiting a Rebound, Back With the Folks NY Times / Colt Phillips

ETFs may give mutual funds a run for the money Marketwatch / Chuck Jaffe

This Rally May Need a New Source of Fuel US News and World Report / NY Times / Paul J. Lim

Stocks set to drift without economic growth signs AP via Seattle Post Intelligencer / Sara Lepro

GM dealer feels as if he's been junked St. Louis Post Dispatch / David Nicklaus

Evaluating Obama administration officials' portfolios Allentown Morning Call / Eileen Ambrose

AMA wary of Obama health plans Chicago Tribune / Bruce Japsen

Put brakes on reforming health care, Mr. President Pittsburgh Tribune Review / Jack Markowitz

Something’s Got to Give in Medicare Spending NY Times / Tyler Cowen

SC: U.S. jobs recovery to be long, slow The State

G8 note of hope on world economy London Times / David Smith

UK: The recession may be over, but the recovery could lag behind for years Independent / Hamish McRae

The rebound in oil and commodity prices could derail the global economic recovery Telegraph / Roger Bootle


Recession pounds states' budgets / Pamela M. Prah

Chicago Fed president offers hope for jobs Chicago Tribune

International Demand for U.S. Assets Slowed in April Bloomberg / Vincent Del Giudice

Fisher Says Fed Can’t Offset Treasury-Borrowing Flood Bloomberg / Vivien Lou Chen and Kathleen Hays

Containing the Crisis and Promoting Economic Recovery Federal Reserve Board / Elizabeth A. Duke

Why Did FDR’s Bank Holiday Succeed? Federal Reserve Bank of New York / David Girardin

How Big Is the Output Gap? Federal Reserve Bank of San Francisco / Justin Weidner and John C. Williams

Treasury rally widens CNN / Catherine Clifford

The Real Problem In Banking Forbes / Liz Moyer and Niv Elis

Recession fears cripple stocks CNN / Alexandra Twin

Will Doctors Buy ObamaCare? Forbes / David Whelan,

Is It Obama's Economy Now? Forbes / Karlyn Bowman

Safety In Dollars Forbes / Carl Gutierrez

European banks: $283B more in writedowns CNN

Mortgage-Bond Yields Fall for Third Day, Pointing to Rate Drop Bloomberg / Jody Shenn

Treasuries Climb After Russia Says It Has Confidence in Dollar Bloomberg / Susanne Walker and Dakin Campbell

The Big Hedge Fund Turnaround NY Post / Kaja Whitehouse

Goldman's Cohen sees inflation at bay Reuters / Herbert Lash and Jonathan Stempel

A peak at oil reserves The Economist

Dollar's reserve status 'is safe' BBC News

Active Mutual-Fund Managers Beat S&P 500 by Most in 26 Years Bloomberg / Charles Stein

VIX Climbs Most in 8 Weeks as Oil Drops, Manufacturing Shrinks Bloomberg / Jeff Kearns

U.S., Global Stocks Drop as MSCI World Falls Most in 2 Months Bloomberg / Jeff Kearns and Sarah Jones

Large Banks and Small Banks in an Era of Systemic Risk Regulation Federal Reserve Board / Daniel K. Tarullo

New York Region Manufacturing Shrinks at Faster Pace Bloomberg / Bob Willis

Capital One Monthly Credit-Card Write-Offs Rise to 9.4 Percent Bloomberg / Pete Eichenbaum

Data May Signal U.S. Recovery Forbes / Oxford Analytica

Monday’s Analysis / Marty Chenard

Stocks: Time to get back in? Orlando Sentinel / Richard Burnett

Wealthy Investors Paralyzed by Markets, Barclays Says Bloomberg / Warren Giles and Camilla Hall

Investors back from the brink, but not far Reuters / Jennifer Ablan and Jonathan Stempel

Even Forbes Is Pinching Pennies NY Times / David Carr

Obama financial reforms outlined in op-ed piece Reuters

Obama urges doctors to back his health care plans AP via Seattle Post Intelligencer / Charles Babington

Stimulus cash could help recession-weary builders Orlando Sentinel / Mary Shanklin

Demand for Vegetable Seeds Is Rooted in Recession Washington Post / Adrian Higgins

Gasoline price surge comes at bad time Chicago Tribune / Ronald D. White

Oil falls to near $71 as US dollar strengthens AP via Houston Chronicle / Pablo Gorondi

Jawboning delivers dollar gains Marketwatch / William L. Watts

Stronger dollar causes crude prices to slip AP via Houston Chronicle

Kiwi, Aussie, Loonie Advance Spurs Intervention Talk Bloomberg / Candice Zachariahs and Chris Fournier

Canada must shift gears eastward Globe and Mail / Rana Sarkar

IMF says worst not over Reuters / Mike Peacock

EU: 1.9 million jobs disappeared in Q1 AP via Houston Chronicle

Europe Payrolls Shrink by Record 1.22 Million Jobs Bloomberg / Simone Meier