Bondhead News Archive

June 16 – June 30

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Adobe Systems posts drop in 2Q profit, sales AP via San Francisco Chronicle / Barbara Ortutay

Fed may become systemic regulator, hike capital requirements Marketwatch / Ronald D. Orol

TX: Farmers to raise homeowners rates nearly 10 percent Houston Chronicle / Purva Patel

Economists see end to US downturn BBC News

‘Millionaire Homes’ May Lose Value Until 2012: Chart of the Day Bloomberg / Jody Shenn

Defining Deviancy Federal Reserve Board / Kevin Warsh

Fed's Warsh warns of false optimism on U.S. economy Reuters / Ros Krasny

Large U.S. corporate bankruptcies accelerate Reuters / Chelsea Emery

The Inflation Threat Forbes / Joshua Zumbrun

U.S. Stocks Fall; S&P 500 Has Biggest Two-Day Drop Since April Bloomberg / Jeff Kearns

MySpace to cut 30% of workforce CNN / David Goldman

A spoonful of sugar The Economist

Obama Says U.S. Jobless Rate to Reach 10% This Year Bloomberg / Matthew Benjamin

Obama Says ‘Robust’ Growth Will Prevent Tax Increases Bloomberg / Brian Faler and Nicholas Johnston

Drink-driving limits around the world The Economist

Tuesday’s Analysis / Marty Chenard

More Americans behind on loans South Florida Sun Sentinel

California won't grow until 2010 Reuters via CNN

Surprise, surprise: The Internet is getting in way of family time St. Louis Post Dispatch / Tim Barker

Mortgage rates rising, but so far South Florida homes still selling South Florida Sun Sentinel / Harriet Johnson Brackey

Beware of the “Business as Usual” Mindset Pimco / Mohamed El-Erian

Red-hot Treasuries turn ice cold Fortune via CNN / Allan Sloan

Best Buy Profit Declines as Same-Store Sales Drop Bloomberg / Mark Clothier

Interest rate spike comes at a scary time St. Louis Post Dispatch / David Nicklaus

U.S. Factory Production Falls; Capacity at Record Low Bloomberg / Bob Willis

U.S. Housing Starts Soared in May; Permits Also Rose Bloomberg / Shobhana Chandra

Oil back above $71 as dollar slumps against euro AP via Houston Chronicle

What Goes Up Must Come . . . Well, You Know Washington Post / Allan Sloan

Credit Issuers Slashing Card Balances NY Times / David Streitfeld

Dealers Say They Were Led Astray in Chrysler's Final Days Washington Post / Brady Dennis

GM workers trusted investment in product Washington Times / John P. Krudy

Calif. Aid Request Spurned By U.S. Washington Times / David Cho, Brady Dennis and Karl Vick

The buck drops here Marketwatch / Irwin Kellner

Stores step up anti-crime efforts AP via The State / Dan Sewell

BOJ More Optimistic About Economy, Holds Rate at 0.1% Bloomberg / Mayumi Otsuma

German June Investor Confidence May Rise to Three-Year High Bloomberg / Simone Meier

Treasuries Advance for a Fourth Day Before Production Report Bloomberg / Theresa Barraclough

Crude Oil Falls Below $70 on Dollar Gain, Equity Market Drop Bloomberg / Christian Schmollinger

Yen, Dollar Advance as Stock Declines Spur Demand for Safety Bloomberg / Yoshiaki Nohara and Ron Harui

Asian Stocks Drop on New York Manufacturing, Commodity Prices Bloomberg / Shani Raja

RBA Saw No Pressing Case for Australian June Rate Cut Bloomberg / Jacob Greber


Fed Unlikely to Tighten Before 2011, McCulley Says Bloomberg / Dakin Campbell

The Exit Strategy: It’s About Hiking the Fed Funds Rate, Not Necessarily Soaking Up Excess Reserves Pimco / Paul McCulley

Standard & Poor's cuts ratings on 18 banks AP via The State / Stephen Bernard

Mortgage Yields Climb for First Day in Five; Rates May Rise Bloomberg / Jody Shenn

Fed Names Jefferies as First New Dealer Since 2006 Bloomberg / Daniel Kruger

U.S. Rating ‘Unlikely’ to Be Lowered Soon, S&P Says Bloomberg / Liz Capo McCormick

Comments on the Obama Administration's Regulatory Reform Plan FDIC / Sheila C. Bair

Jobless face tough health-care options Tennessean / Bonna Johnson

Are price fears inflated? Chicago Tribune via Allentown Morning Call / Gail MarksJarvis

When to Get Back in the Market / Reshma Kapadia and Elizabeth O'Brien

Some stocks evade bear, soar to new highs USA Today / Matt Krantz

Major Indexes Mixed After Two-Day Selloff / Mark Glassman

Michigan's jobless rate leaps to 14.1% Detroit Free Press / Louis Aguilar

NC: Gov. Perdue wants $1.5 billion in new N.C. taxes Charlotte Observer / Mark Johnson

Fed May See Independence Dented in Rules Overhaul Bloomberg / Craig Torres and Scott Lanman

Short-Term U.S. Company Bonds Rally Amid ‘Immense’ Opportunity Bloomberg / John Detrixhe

Don't Rush Regulatory Reform Forbes / Robert R. Bench

Obama's opening shot The Economist

Nasdaq manages gains CNN / Alexandra Twin

Crude breaks three-day losing streak with late rally AP via Houston Chronicle

Wednesday’s Analysis / Marty Chenard

Is Boeing Less Than Zero? Forbes / Peter C. Beller

Guessing game: How much money is YouTube losing? AP via Seattle Times / Michael Liedtke

Debt pushes millions below poverty line AP via San Francisco Chronicle / Tom Abate

Forced migration The Economist

Wall Street Calls Obama's Mortgage-Market Debt Plan a Burden Bloomberg / Bradley Keoun

Community Development Financial Institutions: Challenges and Opportunities Federal Reserve Board / Ben  S. Bernanke

Bernanke says community firms must stay viable AP via Seattle Post Intelligencer / Jeannine Aversa

Current account trade deficit drops to $101.5B AP via Sacramento Bee / Martin Crutsinger

U.S. Mortgage Applications Index Fell 16% Last Week Bloomberg / Bob Willis

FedEx reports larger loss, gives low outlook Reuters

How Stimulating Is Stimulus? Forbes / Lee E. Ohanian

Snake Oil For Our Health Care Ills Forbes / Shikha Dalmia

IL: Video poker would roll out new challenges for regulators Chicago Tribune / Mike Hughlett and Bob Secter

CO: Fiscally, Denver above C level Denver Post / Aldo Svaldi

Fed Weighs Using FOMC Statement to Damp Rate-Rise Speculation Bloomberg / Craig Torres

Treasuries Fall, Snap 4-Day Gain, as Obama Says Yields to Rise Bloomberg / Theresa Barraclough

U.S. Consumer Prices Probably Rose as Gasoline Costs Climbed Bloomberg / Courtney Schlisserman

The supply of stock is mushrooming -- a bearish sign Marketwatch / Mark Hulbert

Asian Stocks Fall for Third Day on Growth Concern; BHP Drops Bloomberg / Jonathan Burgos and Masaki Kondo

Obama Blueprint Deepens Federal Role in Markets Washington Post / Binyamin Appelbaum and David Cho

Obama to Form Consumer Protection Agency, Strip Some Fed Powers Bloomberg / Alison Vekshin

Obama's Health Plan Needs Spending Controls, CBO Says Washington Post / Lori Montgomery, Shailagh Murray and Ceci Connolly

Biggest Shift in U.S. Health Care May Emerge in 45-Day Sprint Bloomberg / Nicole Gaouette and Laura Litvan

Recession ushers in more tobacco taxes / Tony Romm

Pittsburgh's Convention Center prepares for G-20 Pittsburgh Post Gazette / Mark Belko

Dollar edges up against yen after sell-off Marketwatch / Myra P. Saefong

Euro stutters, market pauses on dollar correction Reuters via Guardian / Charlotte Cooper

Emerging Economies Meet in Russia NY Times / Andrew E. Kramer

Japan Stocks Rise, Led by Banks and Automakers; Mizuho Advances Bloomberg / Masaki Kondo and Kotaro Tsunetomi


Treasuries Gain as Yields Near Highest in a Week Attract Buyers Bloomberg / Theresa Barraclough

US mortgage rates fall. How big a boon for housing? Christian Science Monitor / Laurent Belsie

PA: Lehigh Valley home prices continue to drop Allentown Morning Call / Spencer Soper

Stocks Higher as Traders Cheer Data / Mark Glassman

Microsoft readies free PC security software AP via Jessica Mintz

Metals, grains hold steady while natural gas falls AP via The State / Sara Lepro

Senator Shelby Calls Fed's Expertise "Grossly Inflated" as Geithner Attempts to Defends the Indefensible Mish’s Global Economic Trend Analysis via Safehaven /  Mike Shedlock

U.S. CPI Report May Have Tipped Fed's Hand Brewer Futures Group via Safehaven

Congress carves into Obama financial rule reforms Reuters / Kevin Drawbaugh

How health reform may help ... or hurt CNN / Jeanne Sahadi

Madame Secretary The Economist

How food prices have changed in different countries The Economist

Canada: Auto parts makers to shed 37,000 jobs CP via Globe and Mail

Who's watching over the Fed? Chicago Tribune / Greg Burns

Senators hit at core of Obama financial reforms Reuters / Kevin Drawbaugh

Obama's Doctor Knocks ObamaCare Forbes / David Whelan

Obama facing some doubts among Americans Reuters / Steve Holland

"Obama honeymoon coming to an end": NBC Reuters

Obama’s Just Recycling Old Ideas Getty Images NY Post / John Crudele

Is the job market really turning around? CNN / Jessica Dickler

Are banks delaying foreclosure? Orange County Register / Matthew Padilla

Mortgage rates fall back from 7-month high AP via Houston Chronicle

Builders conference has a gloomy mood San Francisco Chronicle / Carolyn Said

Sheila’s 'Bair-ly' There NY Post

Illinois unemployment rate hits 10.1% Chicago Tribune / Wailin Wong

Band-Aids Won’t Fix Bank Ailments Fit for Surgery Bloomberg / Mark Gilbert

Fed’s Soup Kitchen Becomes Magnet for Lobbyists Bondheads / Caroline Baum

Philadelphia Fed June Factory Index Climbs to -2.2 Bloomberg / Bob Willis

June 2009 Business Outlook Survey Federal Reserve Bank of Philadelphia

Dow rises on economic news CNN

Thursday’s Analysis / Marty Chenard

U.S. Stocks Gain as Data Boosts Optimism Economy Is Recovering Bloomberg / Jeff Kearns

World's Airline Industry Flounders Forbes / Oxford Analytica

Jobless claims edge up in latest week CNN / Julianne Pepitone

U.S. Leading Economic Index Rose 1.2 Percent in May Bloomberg / Shobhana Chandra

Geithner Urges Senators to Act on Regulatory Overhaul Blueprint Bloomberg / Robert Schmidt

Broader Fed role provokes dissent from both sides Washington Times / Patrice Hill

Whose Fed is it anyway? Washington Times / David M. Dickson

Treasuries Little Changed, Yields Near 2-Week Low on Stock Drop Bloomberg / Theresa Barraclough

Food prices expected to stay high AP via Washington Times

Crude bubbles up as U.S. supply tightens Marketwatch / Myra P. Saefong

Looking to Buy Gold? Grab a Sack of Quarters First NY Times / Carter Dougherty

Dollar steady as investors brace for Fed meeting Reuters via Guardian / Satomi Noguchi

Obama Defends Financial Overhaul Washington Post / Binyamin Appelbaum

MA: 1,000 jobs head South Boston Herald / Jay Fitzgerald

Yahoo and Microsoft are fine on their own, thank you Marketwatch / Therese Poletti

Asian Stocks Fall on Valuation Concern; Honda, Rio Tinto Drop Bloomberg / Masaki Kondo

World Bank Raises China Outlook, Says Stimulus Adequate for Now Bloomberg / Timothy R. Homan

UK: Youth hit hard as jobless total rises to 2.3m Independent / Sean O’ Grady

Japan’s Government, Central Bank Agree Worst of Recession Over Bloomberg / Toru Fujioka and Mayumi Otsuma



Oil at $250 Is Pipe Dream Without Chinese Boom Bloomberg / William Pesek

U.S. homes recovery distressingly slow: Reuters/UMich Reuters

Bonds up ahead of big week CNN / Catherine Clifford

Small group of GM bondholders object to sale Reuters / Emily Chasan

Regulators shut down 3 small banks, bringing this year's failed bank tally to 40 AP via Chicago Tribune / Madlen Read

Health debate: A little clarity, please CNN / Jeanne Sahadi

Dads Lose to Moms in Spending on Their Holidays: Chart of Day Bloomberg / Mark Clothier

Treasuries Fall Before Record $104 Billion Note Sales Next Week Bloomberg / Susanne Walker and Lukanyo Mnyanda

Jobless rate rises in nearly all states CNN / Tami Luhby

Jobless-benefit rolls post decline AP via Denver Post / Christopher S. Rugaber

Fed's Hoenig says inflation a longer-term issue: report Reuters

Friday’s Analysis / Marty Chenard

U.S. Stocks Climb, Trimming Weekly Loss; Alcoa, Apple Gain Bloomberg / Lynn Thomasson

As U.S. Unemployment Rises, Drastic Reform Likely Forbes / Oxford Analytica

Mexico Bank Lowers Rate to 4.75% to Support Economy Bloomberg / Jens Erik Gould

The Federal Reserve System's Party Line Lew Rockwell / Gary North

The golden wall of worry Marketwatch / Mark Hulbert

Treasuries Gain as Yields Near Highest in a Week Attract Buyers Bloomberg / Theresa Barraclough

U.S. keeps top rating with S&P AP via Washington Times / Pan Pylas

Regulatory Reform That Falls Far Short of It Washington Post / Steven Pearlstein

Senators Skeptical of Plan on Financial Regulation NY Times / David Stout

FL: Short Florida housing recovery, or long? Depends on whom you ask St. Petersburg Times / James Thorner

State income levels plunge / Pamela M. Prah

PA: State jobless rate hits 8.2 percent Pittsburgh Tribune Review

Apple Investors Get Used to Life Without Jobs as Stock Surges Bloomberg / Connie Guglielmo and Joseph Galante

Asian Stocks Advance on U.S. Economic Reports, Weakening Yen Bloomberg / Patrick Rial

Oil rises towards $72 on economic hopes Reuters via Guardian

UK: Retail sales fall weighs on recovery hopes Independent / James Thompson

German producer prices post biggest drop in 22 yrs Reuters

Yen Falls as Signs Global Slump Easing Spurs Demand for Yield Bloomberg / Yoshiaki Nohara and Ye Xie

Japan Stocks Rebound on U.S. Economy, Weaker Yen; Shippers Rise Bloomberg / Masaki Kondo and Kotaro Tsunetomi


Central bank shifting course McClatchy via Houston Chronicle / Kevin G. Hall

One Federal Reserve to rule them all Telegraph / James Quinn

Surplus of gasoline may force prices down AP via Tennessean / Chris Kahn

MI: Mich. income tax revenue falls AP via Lansing State Journal

Mortgage giants tighten rules Washington Post via St. Petersburg Times / Kenneth R. Harney

Obama statement on Iran Marketwatch

Fathers without work try to adapt to man-cession' McClatchy via The State / Rick Montgomery

Unemployment at highest level in 25 years Washington Times / David M. Dickerson

Stocks look for earnings, economy to heat up action Marketwatch / Laura Mandaro

Florida's unemployment rate hits 10.2 percent Miami Herald / Scott Andron and Joel Poelhuis

SC: Too few jobs, too many jobless The State / Noelle Phillips

CA: A county fair may be just the ticket LA Times / Hugo Martin

Unemployment of 10% Spreads, Risking U.S. Recovery Bloomberg / Shobhana Chandra

Is the recession over? CNN / Paul R. La Monica

Payrolls drop across the U.S., but fewer states report losses Marketwatch

Treasuries Rise, Led By 30-Year Bonds, as Consumer Prices Fall Bloomberg / Dakin Campbell and Susanne Walker

Dollar Falls Most Against Yen in Month on Fed Rate Outlook Bloomberg / Ye Xie and Oliver Biggadike

GM’s Sale Opposed by 10 States, Union Retirees and Chrysler Bloomberg / Christopher Scinta and Linda Sandler

U.S. Stocks Post First Weekly Drop in a Month; Exxon Retreats Bloomberg / Elizabeth Stanton

2 more bolt BofA board Bloomberg via NY Post

MI: No cash for some jobless Detroit Free Press / Katherine Yung

California jobless rate hits record high in May Sacramento Bee / Jim Downing and Darrell Smith


Obama’s Big Ben Decision NY Post / Terry Keenan

Treasury’s Got Bill Gross on Speed Dial NY Times / Devin Leonard

TIPS Gain in Market’s Worst Year a Validation of Pimco Favorite Bloomberg / Daniel Kruger

Fed unlikely to try new aids for economy, for now AP via Lansing State Journal / Jeannine Aversa

Why Inflation Isn’t the Danger NY Times / Alan S. Blinder

Bad Loans May Send Banks Running Back to Uncle Sam NY Post / James Doran

PA: State's smaller banks do what it takes to ride out the slump Pittsburgh Tribune Review / B. David Wolf

Active managers try to shake up passive ETF niche AP via Pittsburgh Post Gazette / Mark Jewell

TN: Low appraisals nip real estate deals Tennessean / Naomi Snyder

FL: Condos squeeze deadbeat residents Miami Herald / Monica Hatcher

Luxury spending likely to drop 10 percent for 2009 Chicago Tribune / Sandra M. Jones

Economy still overly dependent on government Marketwatch / Rex Nutting

Pushing on a String Lew Rockwell / Gary North

What are investors waiting for? Consumers AP via Detroit News / Madlen Read

Spending, Home Sales Probably Increased: U.S. Economy Preview Bloomberg / Shobhana Chandra

CA: Tax changes may be key to plugging budget hole San Diego Union Tribune / Dean Calbreath

Tough times mean family time at home Miami Herald

Businesses using Twitter, Facebook to market goods Pittsburgh Post Gazette / Liyun Jin

DVD vending machine leader Redbox looms as budget alternative to Netflix AP via Chicago Tribune / Jessica Mintz

'Death Tax' is Alive and Well Wall Street Journal / Tom Herman

How Congress might tax your health benefits McClatchy via The State

McCain Praises Obama’s ‘Stronger’ Statement on Protests in Iran Bloomberg / Mark Drajem

Is this the death of the dollar? Telegraph / Edmund Conway

Gas prices climb, signaling that the end is not near LA Times via Chicago Tribune / Tom Petruno

UK: Young, jobless, broke: today's lost generation Guardian – Observer / Heather Stewart and Kathryn Hopkins

ECB's Trichet says no room for more debt Reuters

Pay czar may not be right choice St. Louis Post Dispatch / David Nicklaus

FL: Million-dollar homes hard to move in down economy St. Petersburg Times / James Thorner



Spinning Compass Could Freeze Fed Forbes / Joshua Zumbrun

Oh, yeah, he also promised immigration reform Dow Jones / Al Lewis

Can they pay it back? Macleans / Colin Campbell

Recovery's Missing Ingredient: New Jobs Washington Post / Michael A. Fletcher

Fed Said to Be in Discussions on Changing Repo Transactions Bloomberg / Liz Capo McCormick

Treasury prices rise amid sharp sell-off in stocks AP via Houston Chronicle / Sara Lepro

Treasuries Advance as World Bank Cuts Global Growth Forecast Bloomberg / Susanne Walker

Economist Phelps Says U.S. Wealth May Take 15 Years to Rebound Bloomberg / Alison Sider and Elliott Gotkine

International Bailout Brings Us Closer to Economic Collapse Texas Straight TRalk via Safehaven / Ron Paul

Obama's banking end around CNN / Colin Barr

Democrats may go it alone on government insurance plan AP via Pittsburgh Post Gazette / Ricardo Alonso-Zaldivar

Oil Rising Long-Term Forbes / Melinda Peer

The Dow drops 200 points to its lowest level since early May LA Times / Walter Hamilton

Up next -- logos on sports jerseys Detroit News / Joanne C. Gerstner

Bernanke Must Reassure ‘Confused’ Market About Rate Strategy Bloomberg / Rich Miller and Michael McKee

Treasury Auction Expected to Push Yields Higher Brewer Futures Group via Safehaven

"We're in a slow, but definite recovery mode" Sacramento Bee / Jim Wasserman

FL: Condo dwellers finding empty buildings Miami Herald / James H. Burnett III

U.S., Europe Stocks Fall, Commodities Drop on Recession Concern Bloomberg / Lynn Thomasson

Stocks pull back as global economic worries rise AP via San Francisco Chronicle / Madlen Read

Monday’s Analysis / Marty Chenard

Walgreens' 3Q profit falls 9% AP via Chicago Tribune

Steve Jobs: Apple sold over 1 million new iPhones Fortune via CNN / Philip Elmer-DeWitt

Russia Stocks Fall 20% in World’s First Bear Market Since March Bloomberg / Michael Patterson and Laura Cochrane

Oil falls below $68 as optimism on economy wanes AP via Miami Herald / Pablo Gorondi

Where unemployment has hit hardest The Economist

World Bank Says Global Economic Recession to Deepen Bloomberg / Timothy R. Homan

Obama's Fairy Dust Forbes / John Tamny


Hedge funds engage in bitter fight over CPI board St. Louis Post Dispatch / David Nicklaus

South Florida hotel business shrinks in May South Florida Sun Sentinel / Doreen Hemlock

Stimulus and the States

FOMC Likely to Stand Pat on Federal Funds Rate Dow Jones via / Maya Jackson Randall

SIFMA’s Economic Advisory Roundtable Unveils Predictions for 2009, 2010 SIFMA

U.S. Credit-Default Swaps Index Holds at Highest in Four Weeks Bloomberg / Shannon D. Harrington

Crude rises as inventories expected to fall Marketwatch / Moming Zhou & Polya Lesova

For Obama, a careful 'outrage' at Iran Christian Science Monitor / Howard LaFranchi

Oracle profit beats forecast, margin at record Reuters / Jim Finkle

Stocks end mixed as investors await Fed statement AP via Detroit News / Madlen Read and Tim Paradis

SC: Sanford back Wednesday, his office says The State / John O’ Conner and Clif LeBlanc

California's (De)Fault Lines Forbes / Matthew Craft

Fed starts meeting, seen confirming rates on hold Reuters / Alister Bull

The inflation vs. deflation debate CNN / Chris Isidore

The Gloves Come Off On Health Care Reform Forbes / Brian Wingfield

BlackRock's Trillions Forbes / Peter C. Beller

Obama Says Second Fiscal Stimulus Bill Not Yet Needed Bloomberg / Hans Nichols and Julianna Goldman

FL: Welfare case load in Florida up dramatically Miami Herald / Scott Andron

Why buy stocks if bonds are on top? Money Magazine via CNN / Paul J. Lim

U.S. CEOs Stay Pessimistic About Economy, Survey Says Bloomberg / Vincent Del Giudice

U.S. Home Prices Drop 6.8 Percent in April as Foreclosures Rise Bloomberg / Brian Louis and Kathleen M. Howley

U.S. Home Resales Rise for Second Month, Prices Drop Bloomberg / Courtney Schlisserman

Obama Bulks Up `Too Big to Fail’ With Steroids Bloomberg / Caroline Baum

Tuesday’s Analysis / Marty Chenard

Gold futures erase gains, with range-bound trade expected Marketwatch / Kate Gibson

How much people contribute to their own retirement income The Economist

Weber Says ECB Has Used Room to Cut Interest Rates Bloomberg / Simone Meier

Bernanke Set to Defend Record as Reappointment Debate Begins Bloomberg / Scott Lanman

Treasuries Yields Near One-Week Low as Asian Stocks Decline Bloomberg / Theresa Barraclough

TX: Falling home prices have reset Dallas-Fort Worth values to 1990s levels Dallas Morning News / Steve Brown

U.S. Home Resales Probably Rose as Foreclosures Reduced Prices Bloomberg / Courtney Schlisserman

Confidence in Stimulus Plan Ebbs, Poll Finds Washington Post / Dan Balz and Jon Cohen

Clinton did it (and others helped) Marketwatch / David Weidner

Markets want to know how liquidity will be mopped up Marketwatch / Irwin Kellner

Nikkei down 3.1 pct, investors fret over economy Reuters / Masayuki Kitano

Asian Stocks Decline on Growth Concerns; BHP, Honda Motor Fall Bloomberg / Shani Raja

Relief at the pump? Experts think gas prices may have peaked St. Petersburg Times / Emily Nipps

Yen Rises to Four-Week High as Stock Slide Boosts Safety Demand Bloomberg / Yoshiaki Nohara and Ron Harui

Japan Tankan Business Sentiment Likely to Rise From Record Low Bloomberg / Jason Clenfield


NY: Tax fast food? Not in Nassau, some pols say Newsday / Sid Cassese

How Congress Will Steal the Recovery Forbes / Janet Novack and Brian Wingfield

Bernanke's 2009 may make 2008 look like cake walk Reuters / Mark Felsenthal

Fed Keeps Purchases Unchanged; Says Recession Easing Bloomberg / Craig Torres

Buffett Says U.S. May Need a Second Stimulus Package Bloomberg / Andrew Frye, Betty Liu and Erik Holm

California doomsday: State could run out of cash AP via Houston Chronicle / Judy Lin

World's wealthy lose faith in fund managers London Times / Miles Costello

Little cheer in profit forecasts, but improvement seen Marketwatch / Kate Gibson

FOMC Statement Federal Reserve Board

Federal Reserve keeps interest rates in check, downplays inflation threat LA Times / Don Lee

Fed holds policy steady, less worried on deflation Reuters / Alister Bull and Mark Felsenthal

The Fed's Merrill Secrets Forbes / Liz Moyer

How the Fed will pick up $1 trillion slack Chicago Triune / Greg Burns

Junk bonds signal defaults may bottom soon Reuters / Dena Aubin

Bonds turn lower after Fed CNN / David Goldman

Economy Still Trumps, but Declines Further as Top Problem Gallup / Lymari Morales

The Great Depression Ludwig von Mises Institute / Hans F. Sennholz

Number of world’s millionaires shrank in 2008 AP via MSNBC

Banks with the biggest profits and losses last year The Economist

US money managers embraced risk in second qtr-survey Reuters

Boeing damages credibility with decision to delay first flight of 787 Dreamliner Seattle Times / Jon Talton

U.S. Stocks Mixed at Closing Washington Post / Renae Merle

Less travel expected over Fourth of July weekend LA Times / Hugo Martín

TIPS look like cheap insurance on Fed stimulus Marketwatch / Deborah Levine

Home-Price Recovery May Be Undermined by Appraisals Bloomberg / Dan Levy

Sales of New Homes in U.S. Unexpectedly Decreased Bloomberg / Courtney Schlisserman

World's rich lost 20 percent of wealth in 2008: report Reuters

U.S. Durable Goods Orders Unexpectedly Jumped in May Bloomberg / Shobhana Chandra

Orders for big-ticket items surge, housing data mixed Reuters

Wednesday’s Analysis / Marty Chenard

2 cable giants hope to discourage free online TV Chicago Tribune / Meg James

Moody’s Says World Has ‘No Credible Alternative’ to U.S. Dollar Bloomberg / Keiko Ujikane and Jason Clenfield

Crude supplies drop more than expected AP via Seattle Post Intelligencer

Fed May Seek to Assure It Can Keep Rates Low Without Inflation Bloomberg / Steve Matthews

The Next Bubble Is Here. Have You Bought In? Lew Rockwell / Gary North

Not Paying the Mortgage, Yet Stuck With the Keys Washington Post / Renae Merle

SEC Would Tighten Reins on Money Markets Washington Post / Zachary A. Goldfarb

Asian Stocks Rise, Led by Technology Shares; Angang Advances Bloomberg / Shani Raja

Yen Falls for 2nd Day Against Euro After Japan’s Exports Drop Bloomberg / Yoshiaki Nohara and Ron Harui

Dollar sits on losses ahead of Fed, yen loses ground Reuters via Guardian / Charlotte Cooper

UK: Bank’s lack of action on lending frustrates Treasury London Times / Gary Duncan

Treasuries Little Changed, End 3-Day Gain, Before Fed Statement Bloomberg / Theresa Barraclough

Dollar Near 3-Week Low Versus Yen Before Fed Policy Statement Bloomberg / Yoshiaki Nohara and Ron Harui

Japan Exports Fall 40.9%, Extending Worst Slump Since World War Bloomberg / Jason Clenfield

Japan, Australia Resource Shares Rise in New York; Sharp Slips Bloomberg / Masaki Kondo and Toshiro Hasegawa



Building America With Obama Bonds Signals Munis’ Fall Bloomberg / Michael McDonald

Vacant properties being turned around across country AP via Detroit Free Press / Bruce Schreiner

A Question of Liquidity: The Great Banking Run of 2008? Federal Reserve Bank of Boston / Judit Montoriol-Garriga and Evan Sekeris

Bernanke May Be Fed Up With The Aggravation NY Post / John Crudele

Did Fed chief Bernanke threaten Bank of America officials on merger? Christian Science Monitor / Mark Trumbull

Heading for the emergency room The Economist

Oil rises above $70 on Nigeria attack Reuters via CNN

Palm shares surge after quarterly loss beats expectations Marketwatch / Carla Mozee

Lennar posts slightly larger 2nd-quarter loss AP via The State / Alex Veiga

Dow Jumps More Than 2% on Fed Comments

Another delay to the production of the 787 Dreamliner is a setback for Boeing The Economist

Revised 1Q GDP ‘improves’ to 5.5 percent decline AP via Houston Chronicle

Mortgage rates inch back up AP via Contra Costa Times

SC: Sanford admits affair: 'I've let down a lot of people' The State / Clif LeBlanc and John O’ Conner

Germany 'must rely less on trade' BBC News / Lesley Curwen

Acquisition of Merrill Lynch by Bank of America Federal Reserve Board / Ben S. Bernanke

Congress grills Bernanke on BofA/Merrill deal Reuters / Mark Felsenthal

Fed Trims Emergency Lending Programs as Crisis Wanes Bloomberg / Michael McKee

A warning bell on California muni bonds CNN / Jon Birger

Treasuries Rise on Jobless Claims, Fed Buy Before 7-Year Sale Bloomberg / Susanne Walker

Jobs picture dims and overshadows improved GDP Reuters / Glenn Somerville

The price of a gram of cocaine in different countries The Economist

Thursday’s Analysis / Marty Chenard

U.S. Stocks Gain as Fed Curtails Intervention, Retailers Rise Bloomberg / Jeff Kearns

CA: Recovery will be jobless for a while San Francisco Chronicle / Tom Abate

Treasuries Fall as Seven-Year Auction Adds to Supply Concern Bloomberg / Theresa Barraclough

Bernanke to face hostile questioning on BofA deal AP via Palm Beach Post / Jeannine Aversa

Hedge-Fund Guy Points Toward Z-Shaped Recovery Bloomberg / Mark Gilbert

G.O.P. Expected to Paint Bernanke as Ally of Big Government NY Times / Edmund L. Andrews and Louise Story

Asian Stocks Rise on Growth Optimism; Mitsubishi Electric Gains Bloomberg / Jonathan Burgos and Masaki Kondo

Oil dips towards $68 on large U.S. fuel stocks build Reuters via Guardian / Ramthan Hussain

Dollar edges off post-Fed levels, yen falls Reuters / Charlotte Cooper

New Zealand’s Economy Probably Contracted at Slower Pace Bloomberg / Tracy Withers

Russia Facing Long Recession, World Bank Says NY Times / Andrew E. Kramer

Japan’s Credit Is Worsening After Koizumi, S&P’s Ogawa Says Bloomberg / Mayumi Otsuma


Fed's baby exit steps show rate hike far off Reuters / Kristina Cooke

United Airlines Sells $175 Million of Three-Year Debt Bloomberg / Megan Johnston and Mary Schlangenstein

Treasuries Post Weekly Gain on Tame Inflation, Rate Outlook Bloomberg / Susanne Walker

Uncertain about future, companies signing shorter leases Dallas Morning News / Steve Brown

GE's Immelt says U.S. economy needs industrial renewal Reuters / David Bailey and Soyoung Kim

NV: Housing: ‘Problem that won’t go away’ Las Vegas Sun / Brian Wargo

NV: Home prices drop to 2000 levels  Las Vegas Sun / Brian Wargo

Is stimulus creating jobs? Yes but ... CNN / Tami Luhby

House passes sweeping energy, climate bill CNN / Steve Hargreaves

CBO Paints Dire Portrait of Long-Term Revenue, Spending Washington Post / Lori Montgomery

U.S. commercial banks see record Q1 trading revenue Reuters

Oil prices follow stock market lower AP via Houston Chronicle

MI: Mich. finally gets good news with small car plant AP via Lansing State Journal / Kathy Barks Hoffman and David David N. Goodman

Why Isn't The Stimulus Stimulating? Forbes / Bruce Bartlett

AIG Sells Shares to Fed: Papa's Little Dividend? / David M. Katz

No Gentle Words for Ben NY Post / Mark DeCambre

Bernanke stands up to House grilling Washington Times / Patrice Hill

Treasurys head for best week this year Marketwatch / Deborah Levine

Bonds Beat Loans for Banks Driving Down Yields Bloomberg / Gabrielle Coppola and Linda Shen

TIPS: Funds Or Buy Direct? Forbes / Michael Maiello

Friday’s Analysis / Marty Chenard

U.S. Michigan Consumer Sentiment Increased to 70.8 Bloomberg / Courtney Schlisserman

Consumer spending rebounds, supports recovery view Reuters

Savings rate at highest level in 15 years AP via Chicago Tribune

JPMorgan is the new king of Wall Street CNN / Colin Barr

Oil futures pop back over $70 AP via Houston Chronicle / Chris Kahn

Canada: Central banks to take off ‘training wheels' Globe and Mail / Boyd Erman

Bernanke Grilling May Weaken Case for Fed as Risk Regulator Bloomberg / Craig Torres and Scott Lanman

Bernanke Holds Firm in Hot Seat Washington Post / Binyamin Appelbaum

Treasuries Fall as Stock Gains, 3-Week Low Yields Deter Buyers Bloomberg / Theresa  Barraclough

Surging U.S. Savings Reduce Dependence on China as Growth Slows Bloomberg / Rich Miller and Alison Sider

Consumer Spending in U.S. Probably Rose, Confidence Increased Bloomberg / Shobhana Chandra

Obama and Congress Clash on How to Pay for Health Care NY Times / Jackie Calmes

Close Win Predicted For Cap-and-Trade Bill Washington Post / Paul Kane, Ben Pershing and David A. Fahrenthold

New $1 Trillion Price Tag May Advance Senate Health-Care Plan Bloomberg / Laura Litvan and Nicole Gaouette

Contrarian green shoots Marketwatch / Mark Hulbert

Asian Stocks Rise on Growth Optimism; Nippon Electric Advances Bloomberg / Jonathan Burgos and Masaki Kondo

Banking has a mountain to climb Independent / Hamish McRae

Soros Goes Long as World Bank Shorts Recovery Bloomberg / William Pesek

UK: Bank defies the Treasury again as it seeks new powers Independent / Sean O’ Grady

Japan Succumbs to Deflation as Consumer Prices Fall Record 1.1% Bloomberg / Mayumi Otsuma

US ‘experts’ on China have got it all wrong Taipei Times / James Wang

New Zealand Economy Shrinks 1%, Extending Recession Bloomberg / Tracy Withers

Bank of England Says Financial System Vulnerable to More Shocks Bloomberg / Jennifer Ryan and Brian Swint


Ron Paul: Storming the Fed Lew Rockwell / Matthew Collins

Double Whammy Lew Rockwell / Peter Schiff

For banks, there's no return to normal Globe and Mail / Brian Milner

JPMorgan CEO warns against too many regulators Reuters

MN: One-two punch hits housing market St. Paul Pioneer Press / Christopher Snowbeck and Nicole Garrison-Sprenger

Madoff reduced to nothing CNN / Aaron Smith

Cuba can service U.S. tourists if ban is lifted, officials say Bloomberg via Miami Herald / Jens Erik Gould

NY: Taxable sales plunge in Westchester and Putnam Journal News / Frank Brill and Julie Moran Alterio

Government stimulates savings more than spending AP via Journal News / Martin Crutsinger

Stocks turn to jobs as first half draws to close Marketwatch / Nick Godt

Treasuries Gain for Third Week as Fed Signals Rates on Hold Bloomberg / Susanne Walker

Rent is getting harder to pay in U.S. Detroit Free Press / J. W. Elphinstone

Can Obama keep up with falling home prices? CNN / Carla Fried

What will signal consumers are back? Check the spa AP via Seattle Times / Jeannine Aversa

Facebook, Twitter and peers for sale _ privately AP via Seattle Post Intelligencer / Rachel Metz

U.S. Stocks Slump, Posting First Back-to-Back Loss Since March Bloomberg / Lynn Thomasson and Rita Nazareth

Obama: Health-care status quo 'unsustainable' Marketwatch / Ronald D. Orol

Obama Says Climate-Change Measure Will Transform U.S. Economy Bloomberg / Nicholas Johnston

FDIC Wants PE Firms To Cover Bank Failures NY Post / Josh Kosman and Mark DeCambre

Dollar Falls Most in Month as China Urges New Reserve Currency Bloomberg / Oliver Biggadike and Ye Xie

EU: FSB’s Draghi Sees ‘Convincing’ Signs of Improvement in Economy Bloomberg / Klaus Wille

U.S.'s debtor status worsens dramatically. Foreigners hold 50 percent Washington Times / David M. Dickson

Americans are saving more, but that's not helping economy Chicago Tribune / Robert Channick

Job hunt begins anew as new skills acquired Charlotte Observer / Jefferson George and Cameron Steele

Five Banks Are Seized, Raising U.S. Failures This Year to 45 Bloomberg / Margaret Chadbourn

Careful consumers worry investors AP via Washington Times / Madlen Read

Airlines jacking up summer airfares Chicago Tribune / Julie Johnsson

Obama Picked Wrong Advisers for Auto Overhaul, Gerstner Says Bloomberg / Matthew Benjamin

China’s Central Bank Renews Call for New World Reserve Currency Bloomberg



MI: With prices so low, mortgages for $30,000 and less becoming more common Detroit Free Press / Judy Rose

Bernanke on the Great Depression Clif Droke Market Analysis via Safehaven / Clif Droke

CA: Odds favor condo rebound Orange County Register / Jonathan Lansner

Obama's Energy Bill is a Recipe for Economic Destruction Brookes News via Safehaven / Gerard Jackson

Obamacare: Cheaper than you think CNN / David Futrelle

White House open to new tax on health benefits AP via Detroit News / Philip Elliott

Obama scores major, much-needed victory AP via USA Today / Liz Sidoti

If America forgave Clinton, why not Sanford? senator asks Christian Science Monitor / Mark Sappenfield

'Public Enemies' run, not rob, our banks today Marketwatch / Paul B. Farrell

Banks don't get it: They haven't earned consumer trust Allentown Morning Call / David Lazarus

Smoker decides to grow his own tobacco Akron Beacon Journal / Jim Carney

North Korean economy sees growth BBC News

Renters finding it tougher to meet rent AP via Bradenton Journal / J. W. Elphinstone

Here comes the second half CNN / Alexandra Twin

Wal-Mart puts premium on thrifty customers AP via Tacoma News Tribune / Anne D’Innocenzio

Forty-eight days later, my head finally quit spinning Pittsburgh Tribune Review / Jack Markowitz

How stars so rich and famous can go broke San Francisco Chronicle / Kathleen Pender

MA: Jobless fund heads into red Boston Herald / Jay Fitzgerald

Pittsburgh-area economy endures recession better than other markets Pittsburgh Tribune Review / Thomas Olson

CA: Personal bankruptcies surge in Southern California LA Times / David Colker

Washington farmers expect to harvest record cherry crop during the next month Seattle Times / Harris Meyer

Damp conditions to limit fireworks from ISM, payrolls Marketwatch / Greg Robb

Some signs of life surface in U.S. economy Pittsburgh Post Gazette / Bill Toland

Unemployment Probably Rose at Slower Pace: U.S. Economy Preview Bloomberg / Shobhana Chandra

Communities Seek Routes to Save Post Offices From Being Stamped Out Washington Post / Caitlin McDevitt

NC: It's not good yet, but it's a little less bad Charlotte Observer

Health-Care Activists Targeting Democrats Washington Post / Ceci Connolly

Is Your Money Safe in a Bank? Wall Street Journal / Dave Kansas

Time for hard work and making things? Pittsburgh Post Gazette / Len Boselovic

UK: Treasury keeps grip on banks in shake-up London Times / David Smith


Cash-Strapped States Target The Rich Forbes / Ashlea Ebeling and Janet Novack

When a 0% yield isn’t such a bad deal St. Louis Post Dispatch / David Nicklaus

Let's Be Objective about the Increase in the Fed's Balance Sheet Northern Trust via Safehaven / Paul Kasriel

The Fed's Delicate Balancing Act / Will Swarts

Cap and Trade Will Lead to Capital Flight Texas Straight Talk via Safehaven / Ron Paul

U.S. stock market braces for quarterly results Marketwatch / Kate Gibson

If demand for oil is low, why aren’t prices falling? Christian Science Monitor / Mark Trumbull

Coffeehouses offer welcome break for those who work at home Kansas City Star / Alan Goforth

Hedge fund returns are up, redemptions down Reuters / Svea Herbst-Bayliss and Laurence Fletcher

Unemployment Numbers Will Confuse You To No End NY Post / John Crudele

Housing in Peril as Obama Fails to Get Breakthrough Bloomberg / Kathleen M. Howley fights sales-tax plans LA Times / Andrea Chang

Stocks bounce back CNN / Alexandra Twin

Michigan to California: Send us your prisoners Reuters via CNN

Municipal Borrowers Defend Disclosure, Concede Need to Improve Bloomberg / Darrell Preston

VIX Drops to Lowest Level Since Lehman’s Collapse as Fear Ebbs Bloomberg / Jeff Kearns

Monday’s Analysis / Marty Chenard

Obama adviser not ready to back a second stimulus AP via Salt Lake Tribune / Philip Elliott

Madoff sentenced to 150 years CNN / Aaron Smith

It Could Have Been Worse For Madoff Forbes / Liz Moyer

South Floridians can't wait to cash in on gas-guzzlers with new federal program South Florid Sun Sentinel / Doreen Hemlock

Recovery frail but stimulus exit must be timely Reuters / Krista Hughes and Natsuko Waki

European Economic Confidence Rises More Than Forecast Bloomberg / Jurjen van de Pol

The Roles and Responsibilities of a Systemic Regulator Federal Reserve Bank of Boston / Eric S. Rosengren

Fed's Rosengren sees GDP growth in late '09 Reuters

Treasuries Advance After China Says Reserve Policy Is ‘Stable’ Bloomberg / Dakin Campbell and Lukanyo Mnyanda

U.S. ‘May Be Seeing Bottoming’ of Home Prices, Lockhart Says Bloomberg / Dawn Kopecki

Retail stocks mixed as J. C. Penney upgraded to overweight Marketwatch / Andria Cheng

U.S. Stocks Advance, S&P 500 Rebounds After Two-Week Decline Bloomberg / Rita Nazareth

Oil jumps above $70 on Nigerian platform attack AP via San Francisco Chronicle / Dirk Lammers

Bond Dealers Say Worst Over as Demand Soars at Treasury Sales Bloomberg / Daniel Kruger

Treasuries Little Changed After China Says Policy Is ‘Stable’ Bloomberg / Wes Goodman

Tracking the recession: Budget deadline looms / Stephen C. Fehr

Low pay from Medicaid keeps doctors away from primary care Chicago Tribune / Bruce Japsen

Crude oil futures slip, as stronger dollar weighs Marketwatch / Lisa Twaronite

Oil falls below $69 as Nigeria threat eases Reuters via Guardian / Fayen Wong

Dollar steady, market eyes reserve currency debate Reuters via Guardian / Aiko Hyashi

Dollar to Rise Most Since 1981, Best Predictor Says Bloomberg / Lukanyo Mnyanda and Anchalee Worrachate

Dow 10,000 ... then deflation? Marketwatch / Peter Brimelow

Asian Electronics Stocks Rise on Display Demand; Brokers Fall Bloomberg / Patrick Rial and Shani Raja

New Zealand Exports, Building Permits Rise in Signs of Recovery Bloomberg / Tracy Withers

UK: Who will end this financial insanity? Independent / Stephen King

Good news on current account imbalances Marketwatch / David Marsh

Japan’s Factory Output Rises 5.9%, Third Monthly Gain Bloomberg / Jason Clenfield and Tatsuo Ito


Company debt looks more attractive than stocks Marketwatch / Nick Godt

Mr. Sunshine? Ron Paul Wins Support to Audit Fed Reserve Fox News / Judson Berger

Obama is Mr. Popular around the globe Christian Science Monitor / Peter Grier

IRS demands names of 52,000 suspected American tax cheats AP via Newsday

A View of the Economic Crisis and the Federal Reserve’s Response pdf Federal Reserve Bank of San Francisco / Janet L. Yellen

Fed’s Yellen Says Economy May Be Poised for Recovery Bloomberg / Vivien Lou Chen

IMF Board Set to Authorize $150 Billion in Debut Bond Issuance Bloomberg / Timothy R. Homan

Cash-strapped states up against budget deadlines Reuters / Jim Christie

What's North Dakota's Secret? Forbes / Joshua Zumbrun

Second half will test stock-market bulls' recovery thesis USA Today / Adam Shell

U.S. Stocks Fall, Trim S&P 500’s Best Quarterly Gain Since ‘98 Bloomberg / Lynn Thomasson

Franken Wins Minnesota Senate Seat; Coleman Concedes Bloomberg / Kristin Jensen

Iraq's civilians are a little bit safer The Economist

Fed's Bullard says policy to stay loose for awhile Reuters

Inflation: What You See and What You Don't See Ludwig von Mises Institute / Thorsten Polleit

Consumers read the writing on the wall Marketwatch

United, They Fall (Into Debt) NY Post / Josh Kosman

VIX Below Lehman Level Leaves ‘Wall of Worry’ Intact Bloomberg / Jeff Kearns

A 20-Year Bear Market? Thoughts From The Frontline via Safehaven / John Mauldin

Treasurys fall as economic data brightens Marketwatch / Deborah Levine

Florida offers help to some with home down payment South Florida Sun Sentinel / Mary Shanklin

Eurozone inflation turns negative BBC News

Sharp contraction for UK economy BBC News

Stocks reverse early gains, move lower after unexpected dip in consumer confidence AP via Chicago Tribune / Sara Lepro

U.S. Stocks Fall on Consumer Confidence Slump, Delinquency Data Bloomberg / Lynn Thomasson

Tuesday’s Analysis / Marty Chenard

Chicago Purchasers’ Index Climbed More Than Forecast Bloomberg / Shobhana Chandra

Consumer confidence slides in June Reuters

Delinquencies Double on Least-Risky Mortgages, U.S. Report Says Bloomberg / Margaret Chadbourn

Pace of home price declines slows in April Reuters / Lynn Adler

Did Homeowners Cause The Great Recession? Forbes / Joel Kotkin

‘Green Shoots’ Take Over the Lexicon, If Not Economy Bloomberg / Matthew Benjamin

The Fed can't save the economy on its own Marketwatch / Irwin Kellner

Furloughs cut into state services / Pauline Vu

Oil surges 2 pct in Brent-led frenzy, caps stellar Q2 Reuters / Fayen Wong

Obama and the boredom factor: Will economics trump politics? Taipei Times / Chris Patten

Russia: GDP Forecast Slashed to Minus 8.5% Moscow Times

South Korean Exports to Post Growth From October, Official Says Bloomberg / Seyoon Kim

Treasuries Head for Steepest First-Half Loss in Three Decades Bloomberg / Wes Goodman

Gilts sales by foreigners fuels deficit fears London Times / Gary Duncan

Asian Stocks Extend Record Quarterly Gain on Commodities, Yen Bloomberg / Patrick Rial and Shani Raja

Dollar, Yen Fall as Improving Risk Appetite Spurs Yield Demand Bloomberg / Ron Harui and Yoshiaki Nohara

Asia Currencies Head for Best Quarter Since 2004, Led by Rupiah Bloomberg / David Yong

UK 'must end lending drought' to ease recession London Times / Gary Duncan

Young Japanese Raise Their Voices Over Economy NY Times / Hikoro Tabuchi

Japan’s Jobless Rate Rises to Five-Year High of 5.2% Bloomberg / Toru Fujioka