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July 16 – July 31

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Investors may be too complacent about the outlook for property Economist

CIT rushes to secure lending, bankruptcy feared Reuters / John Parry and Juan Lagorio

Netflix stock up on Amazon rumors San Francisco Chronicle / Benny Evangelista

Nokia posts 66% drop in second-quarter profit Marketwatch / Aude Lagorce

Obama looks for Republican healthcare backing Reuters / Kim Dixon

Dems want to let people who lose jobs keep employer-covered care until they find new coverage AP via Chicago Tribune

Are you ready for Christmas in July? San Francisco Chronicle / Lisa Schmeiser

JPMorgan Chase profits soar 36% BBC News

CA: Study finds more millionaires in Bay Area San Francisco Chronicle / James Temple

CIT Seeks Lenders After U.S. Balks at Debt Guarantee Bloomberg / Pierre Paulden, Linda Shen and Caroline Salas

Moody's puts Illinois bond ratings on watch for downgrade table Dow Jones via Chicago Tribune

International Demand for Long-Term U.S. Assets Falls Bloomberg / Vincent Del Giudice

CIT and its borrowers in limbo Fortune via CNN / Colin Barr

Consumer protection Federal Reserve Board / Elizabeth A. Duke

Bernanke Is Said to Plan Assuring China at Summit Bloomberg / Mark Drajem

U.S. Recession May End This Year, Roubini Predicts Bloomberg / Fabiola Moura and Steve Matthews

What went wrong with economics Economist

The economy feels better. Why don't you? CNN / Paul R. La Monica

California's median home price rises 7% in June from May USA Today / Jacob Adelman

San Francisco Bay Area home sales up 20% in June LA Times / Peter Y. Hong

Money fund assets fell to $3.647T in latest week AP via Houston Chronicle

What To Make Of Earnings Forbes / Alexandra Zendrian

Stocks rally for fourth straight day LA Times / Tom Petruno

Google profit up 19% but revenue rose only 3% USA Today / Jon Swartz

Regulators let speculators trade worthless General Motors stocks NY Post / John Crudele

IBM hikes full-year outlook, shares shine Reuters / Ritsuko Ando

Paulson: Yes I Did It, And I Was Right Forbes / Brian Wingfield

IL: Sears Tower name change: Building today officially becomes Willis

Tower Chicago Tribune / Mary Ellen Podmolik

Philadelphia Area Factory Index Falls to -7.5 in July Bloomberg / Courtney Schlisserman

Treasuries Rise as CIT Says Aid Unlikely, Spurring Safety Trade Bloomberg / Cordell Eddings and Anna Rascouet

Foreclosure Filings in U.S. Reach Record 1.5 Million Bloomberg / Dan Levy

Soak the rich Economist

Thursday’s Analysis / Marty Chenard

A guide to valuing currencies against the dollar Economist

The Next Six Months Forbes / Nouriel Roubini and Christian Menegatti

Jobless claims drop but clouded by auto shutdowns AP via Houston Chronicle

Trade Protectionism Shadows Recession Forbes / Oxford Analytica

States awash in stimulus money to weatherize homes AP via Journal News / Phillip Rawls

2009 Colorado bankruptcy filings soar Denver Post / Aldo Svaldi

Changing Citigroup Forbes / Eric Platt

JPMorgan profit soars, but warns on loan losses Reuters / Jonathan Stempel

Family doctors: An endangered breed CNN / Parija B. Kavilanz

China: A fine balancing act Economist

Pimco Says Yield Curve May Steepen to Record Level Bloomberg / Wes Goodman

Fed Sees Heightened Joblessness Drawing Out Recovery Washington Post / Neil Irwin

Should We Absolve the Fed? Lew Rockwell / Thomas E. Woods, Jr.

Health care bill would deliver pre-Reagan tax rates Washington Times / David M. Dickson

Obama Eyes The Purse Strings for Medicare Washington Post / Shailagh Murray

Midwest vies for stimulus aid for fast rail / Daniel C. Vock

Preparing for the New Economy Daily Reckoning via Lew Rockwell / Bill Bonner

Asian Stocks Rise for Third Day on Growth Optimism; BHP Gains Bloomberg / Jonathan Burgos

China’s GDP Growth Quickens to 7.9% on Credit Boom Bloomberg

UK: Young hit by soaring jobless toll soars to record levels Independent / Sean O'Grady, Andrew Grice and Nigel Morris

Treasuries Advance After CIT Says Federal Bailout Is Unlikely Bloomberg / Theresa Barraclough

Federal Inquiry Looks at Derivatives Data Providers NY Times / Stephen Labaton

American Airlines parent loses $390 million AP via LA Times


State tax revenues see record drop / Pamela M. Prah

AIG’s European Derivatives May Take Decades to Expire Bloomberg / Hugh Son and James Sterngold

Regulators shut Calif. banks, small banks in Georgia, South Dakota; marks 57 US bank failures AP via Chicago Tribune / Marcy Gordon

Oil extends rally to settle above $63 AP via Houston Chronicle / Chris Kahn

Prescription for Disaster Euro Pacific via Safehaven / Peter Schiff

A Bad Day For ObamaCare Forbes / Brian Wingfield

White House aims to reshape economy Washington Times / Patrice Hill

Are the Democrats Moving Too Fast? Business Week / Jane Sasseen

House votes to reverse car dealership cuts AP via Lansing State Journal / Ken Thomas

'Rubbish rally' is over...focus on growth CNN / Paul R. La Monica

Bank profits not as impressive as they seem AP via San Diego Union Tribune / Stephen Bernard and Ieva M. Augstums

Banking Is Far From Fixed Forbes / Liz Moyer

U.S. Markets Wrap: Dow Industrials Rise, Bonds Fall on Housing Bloomberg / Elizabeth Stanton

Washington State Leads $7 Billion in Muni Sales as Yields Slide Bloomberg / Jeremy R. Cooke

Pimco’s Crescenzi Says CIT Response Shows Stability Bloomberg / Thomas R. Keene and Dakin Campbell

Treasuries Decline as Housing Starts Unexpectedly Rise in June Bloomberg / Cordell Eddings

Consumers pass the blame on troubled economy Chicago Tribune / Sandra M. Jones

California unemployment rate rises to 11.6% LA Times / Alana Semuels

Number of active oil rigs rises by 4 AP via Seattle Post Intelligencer

Sotomayor could be swing vote in business matters LA Times via Tennessean / W. J. Hennings

Keynes Arouses Fed as ECB Looks for Monetary Exit Bloomberg / Mark Gilbert

GE revenue trails estimates, CEO lowers outlook Reuters / Scott Malone

Stocks Seesaw On Mixed Profit Reports Forbes / Evelyn Rusli

Friday’s Analysis / Marty Chenard

Robin Hood Tax Policy Forbes / Bruce Bartlett

Obama Stimulus Fails to Reboot Economy as No Multiplier Effect Bloomberg / Matthew Benjamin and Alison Sider

Obama’s Tax-and-Spend Tastes Seduce Democrats Bloomberg / Caroline Baum

Meyer Sees No Return to ‘Full’ Employment Until 2015 Bloomberg / Vincent Del Giudice

Housing Starts in U.S. Climb to Seven-Month High Bloomberg / Courtney Schlisserman

Michigan unemployment tops 15% CNN / Ben Rooney

Georgia, Alabama Top 10% Unemployment as Firings Gain Bloomberg / Shobhana Chandra

NY: LI job market losses biggest since 1991 Newsday / Carrie Mason-Draffen

Bank of America Posts Profit Drop, Sees Weak Economy Bloomberg / David Mildenberg

Citigroup Posts $4.28 Billion Profit on Smith Barney Bloomberg / Bradley Keoun

Canada's annual inflation rate falls below zero Seattle Times

Mexico’s Bank Cuts Rate to 4.5%, Says It Will Pause Bloomberg / Jens Erik Gould

Recession Lesson: Share and Swap Replaces Grab and Buy Washington Post / Nancy Trejos

Cheaper Mortgages Trigger Lower FICO Scores for On-Time Payers Bloomberg / Alexis Leondis

Housing Starts in U.S. Probably Steadied After Jumping in May Bloomberg / Courtney Schlisserman

Glass half empty Marketwatch / Mark Hulbert

Obama aide promises tough stance on trade Pittsburgh Post Gazette / James O’ Toole

Biden Fires Back At Stimulus Critics Washington Post / Michael D. Shear and Alexi Mostrous

PA: Housing market's decline hits home Pittsburgh Post Gazette / Tim Grant

SC: More state jobs at risk The State / Roddie Burris

GE stock: Is it the magic bullet? USA Today / Matt Krantz

Nikkei gains 0.6 pct but political concerns nag Reuters via Guardian

Treasuries Rise as CIT Seeks Funds, U.S. Stock Futures Fall Bloomberg / Wes Goodman

Sony, Nintendo Lead U.S. Video-Game Market to 4th Monthly Drop Bloomberg / Adam Satariano and Mariko Yasu

Asian Stocks Head for First Weekly Gain in Three; Nomura Gains Bloomberg / Jonathan Burgos

Yen Gains as Exporters Buy, Concerns on CIT Spur Safety Demand Bloomberg / Yasuhiko Seki and Ron Harui

China’s Rebound Carries U.S., Asia Toward Recovery Bloomberg


Treasuries Fall for First Time in Six Weeks as Stocks Advance Bloomberg / Susanne Walker

U.S. Stocks Post Biggest Gain Since March, End Four-Week Slump Bloomberg / Lynn Thomasson

Getting richer on Wall Street? The tax man hopes so LA Times / Tom Petruno

Florida jobless rate jumps again Orlando Sentinel / Jim Stratton

California lost 66,500 jobs in June San Francisco Chronicle / Tom Abate

Flat jobless rate masks turmoil in Colorado Denver Post / Aldo Svaldi and Sara Castellanos

Two California banks join the FDIC closure list Marketwatch / Russ Britt & John Letzing

Oil investors likely jumped the gun Houston Chronicle / Kristen Hays

Dollar, Yen Fall Most Since May on Economic Outlook, Earnings Bloomberg / Ye Xie and Sapna Maheshwari

CIT Limps Into Weekend, Seeking a Lifeline NY Times / Michael J. Merced

Japanese Bonds Decline as General Election Nears, Stocks Rally Bloomberg / Theresa Barraclough and Yoshiaki Nohara

Last Man Standing NY Times / Matt Richtel

Asian Stocks Record Best Week Since May on Recovery Speculation Bloomberg / Darren Boey

Citigroup and BofA Profits Aided by Asset Sales NY Times / Michael J. Merced

California's unemployment rate in June: 11.6% LA Times / Marc Lifsher and Alana Semuels

Lobbies Ate Bobby’s Hobbies Lew Rockwell / Robert G. (Bobby) Hill



Who will win the battle for the soul of the US Federal Reserve? Independent / Stephen Foley

California bonds look good to some AP via Seattle Times

CA: Commercial brokers are swimming in empty space LA Times / Roger Vincent

Home Resales, Leading Index Probably Rose: U.S. Economy Preview Bloomberg / Shobhana Chandra

Bull or Bear, This Rocky Market Keeps Rolling Wall Street Journal / Brett Arends

Outsider's guide to insider trading Seattle Times / Rami Grunbaum

What market rally? Marketwatch / Chuck Jaffe

Earnings goose a rally - for now CNN / Alexandra Twin

Nancy Pelosi: Healthcare 'no easy lift' Chicago Tribune / Noam N. Levey

Under plans, tax on the richest set to rise AP via MSNBC

Banks report using government assistance for loans AP via USA Today

Making free news services pay, somehow Guardian – Observer / Peter Preston

UK economy heading for recovery London Times / David Smith

CA: Stormy skies? Not a problem San Diego Union Tribune / Dean Calbreath

Experts: Swine Flu Is Waning, Will Return In The Fall AP via Hartford Courant

Stimulus hasn't gained traction yet St. Louis Post Dispatch / David Nicklaus


Will 25% Unemployment Doom the Recovery? / Dan Burrows

Oil hovers below $64 as earnings, demand weighed AP via Tacoma News Tribune / Alex Kennedy

Four Minefields For Bernanke Forbes / Joshua Zumbrun

Bernanke says may need tighten policy: report Reuters

What Recovery? This Bond Investor Says It's A Hoax Forbes / Bernard Condon,

Analysis: Geithner becomes a traveling U.S. bond salesman AP via Dallas Morning News

Low-priced foreclosures incite bidding wars AP via MSNBC / Ross D. Franklin

The Curious Case of the Inflation Chameleon Hahn Investment via Safehaven / Tyler Mordy

Money Managers to Merge, Preserve Client Wealth, Wittmann Says Bloomberg / Warren Giles

California reaches $23 billion budget deficit deal Reuters via CNN

Larry Summers: I'm Feeling Lucky Brookes News via Safehaven / Adrian Ash

Cheers for King Henry -- world's greatest nudger Marketwatch / Paul B. Farrell

Economic Outlook and the Commitment to Price Stability Federal Reserve Bank of Atlanta / Dennis P. Lockhart

Fed’s Lockhart Says Economy Steadying, Recovery Weak Bloomberg / Steve Matthews

Commercial mortgage failure at 20-year high in U.S.: report Reuters

Long bonds up a point as market extends gains Reuters

CIT May Receive $3 Billion Rescue From Bondholders Bloomberg / Pierre Paulden, Caroline Salas and Linda Shen

Investors hungry for more earnings surprises Reuters / Caroline Valetkevitch

Stocks stay one step up CNN / Catherine Clifford

GM receives three bids for Opel BBC News

U.S. recession easing but likely not over: survey Reuters

W.House: '09 budget situation will be 'challenging' Reuters

POLL: Obama's Approval Slips on Stimulus, Deficit and Health Care ABC News / Gary Langer

Commodities gain ground as risk appetite grows AP via Seattle Post Intelligencer / Sara Lepro

Elderly Population Exploding, Census Bureau Says Bloomberg / Rob Waters

Bernanke May Hold Rates Down by Showing He Can Reverse Course Bloomberg / Rich Miller

At N.Y. Fed, Blending In Is Part of the Job Washington Post / Neil Irwin

Don't Reappoint Ben Bernanke Forbes / John Tamny

Pimco’s Gross Reduces Mortgage Holdings, Adds to Cash Bloomberg / Wes Goodman and Dakin Campbell

Treasuries Fall on CIT Outlook as Investors Wait for Bernanke Bloomberg / Cordell Eddings and Bo Nielsen

CIT Said to Get $3 Billion Rescue Financing From Bondholders Bloomberg / Pierre Paulden, Caroline Salas and Linda Shen

Subprime Brokers Resurface as Dubious Loan Fixers NY Times / Peter S. Goodman

Leading Indicators Signal U.S. Economy Nearing End of Recession Bloomberg / Bob Willis

Halliburton 2Q earnings plummet, beat expectations AP via Miami Herald / John Porretto

Monday’s Analysis / Marty Chenard

S&P 500 to Post Biggest Gain Since 1982, Goldman Says Bloomberg / Sarah Jones and Roger Neill

Gold rises to five-week high as dollar weakens Marketwatch / Moming Zhou

Oil rises above $64 on strong corporate results AP via Miami Herald / Pablo Gorondi

Bailout Overseer Says Banks Misused TARP Funds Washington Post / Binyamin Appelbaum


States' budget pain eclipses last recession / Stephen C. Fehr and Daniel C. Vock

Bernanke Fights Audit Threat To The Fed Forbes / Joshua Zumbrun

Some small businesses still struggle to get financing USA Today / Laura Petrecca

Dow 9000? So Close, Yet So Far / Dan Burrows

Why Bash Goldman Sachs for Making Money? / James B. Stewart

On the mend The Economist

The rise in financial crime in America The Economist

Short-Term Municipal Market Continues to Show Strains, Fed Says Bloomberg / Martin Z. Braun

Citigroup’s Bonds Without Guarantee Surge as Bank Debt Gains Bloomberg / John Detrixhe and Bryan Keogh

Realtors cry foul over low-ball appraisals CNN / Carla Fried

Looking under the rug Marketwatch

Starbucks shares skyrocket after earnings surprise Seattle Times / Melissa Allison

Apple's profit tops forecasts; Mac sales strong Reuters / Gabriel Madway

AMD earnings disappoint, shares tank Reuters via CNN

Yahoo ad revenue falls, shares slip Reuters via Yahoo

Hoyer Says House May Leave Before Health-Care Vote Bloomberg / James Rowley and Kristin Jensen

Another Front In The Health Care Fight Forbes / Brian Wingfield

Summers Urges Banks to Lend More, Says Growth Pace ‘in Doubt’ Bloomberg / Scott Lanman and Edwin Chen

CalPERS assets fall 23.4 percent in value for 2009 AP via San Francisco Chronicle / David Pitt

TD Ameritrade 3Q net income down 17 percent AP via Seattle Times / Josh Funk

Canada: Central bank issues brighter outlook Globe and Mail / Kevin Carmichael

Gold slightly higher on weaker dollar, Bernanke testimony Marketwatch / Moming Zhou

The Shameless, Blame-Shifting, Minneapolis Fed Ludwig von Mises Institute / Thomas J. DiLorenzo

Atlanta Fed chief buoys Nashvillians Tennessean / Gretahn Ward

Industry assets up in second quarter, redemptions continue Marketwatch / Alistair Barr

Coke tops view despite strong dollar Reuters

Tuesday’s Analysis / Marty Chenard

Southwest Airlines posts 2Q profit AP via San Diego Union Tribune / David Koenig

Paulson’s ’07 True Confessions Need Closer Look NY Post / John Crudele

Big labor changes possible, ex-NLRB chair says San Francisco Chronicle / Carolyn Lochhead

Bonds turn positive as Bernanke begins testimony Reuters

Fed rate policy still focused on recovery, Bernanke says Marketwatch / Greg Robb

Bernanke Sees ‘Tentative Signs’ Economy Stabilizing Bloomberg / Craig Torres

Semiannual Monetary Policy Report to the Congress Federal Reserve Board / Ben S. Bernanke

Harvard’s Feldstein Sees Risk of ‘Double-Dip’ Recession in U.S. Bloomberg / Bob Willis and Betty Liu

Stocks keep the rally going CNN

Despite recession, companies are beating profit expectations AP via USA Today

Caterpillar beats Street and lifts outlook Reuters / James B. Kelleher

Caterpillar earns tumble but company boosts outlook on signs of stability in global economy AP via Chicago Tribune / Daniel Lovering

Continental Airlines posts 2Q loss, will cut 1,700 jobs and raise baggage fee AP via Chicago Tribune / David Koenig

Oil prices climb to $65 a barrel AP via MSNBC

Bernanke Disarms Lawmakers With Garage Meetings, Credit Repairs Bloomberg / Scott Lanman

At N.Y. Fed, Blending In Is Part of the Job Washington Post / Neil Irwin

Treasuries, Yen Rise as Bernanke Details Plan to Curb Inflation Bloomberg / Wes Goodman and Ron Harui

The 50-day moving average is well above the 200-day Marketwatch / Mark Hulbert

Profits on Wall Street turn out to be evasive Marketwatch / David Weidner

GOP Focuses Effort To Kill Health Bills Washington Post / Perry Bacon Jr. and Michael A. Fletcher

Here comes another commission Marketwatch / Irwin Kellner

States closed record $142.6 billion in gaps / Stephen C. Fehr

Mass sees 58 percent jump in liquidation bankruptcies Boston Herald / Jay Fitzgerald and Thomas Grillo

Are Manufacturers Also Too Big to Fail? NY Times / Louis Uchitelle

Asian Stocks Rise on Recovery Optimism; Commodities Shares Gain Bloomberg / Masaki Kondo and Shani Raja

Yen, Dollar Strengthen as Bernanke Comments Spur Safety Demand Bloomberg / Yasuhiko Seki and Ron Harui

RBA Says Australian Rate Cuts Helping Stoke Demand Bloomberg / Jacob Greber



Huge oil, natural gas reserve found in California LA Times via Houston Chronicle / Ronald D. White

The Great Earnings Illusion Business Week / Tara Kalwarski

Gap Between 20-, 30-Year Munis Sends Buy Signal: Chart of Day Bloomberg / Joe Mysak

Taxpayers Inferior to Shareholders With Obama Bonds Bloomberg / Michael McDonald and Bryan Keogh

MA: Foreclosures down, but show troubling signs Boston Herald / Thomas Grillo

Raymond James Financial profits drop 39 percent in third quarter St. Petersburg Times

Buyers of bad debt bide time as U.S. consumers fret Reuters / Sweta Singh

Experts paint 'a worrisome picture' on jobs Chicago Tribune / Gail MarksJarvis

Why Congress is stalling Obama's health plan Fortune via CNN / Jia Lynn Yang

Is the Yield Curve Indicating Better Tidings? Investment Postcards via Safehaven / Prieur du Plessis

Bernanke Says Consumer Protection Should Be Formal Policy Goal Bloomberg / Craig Torres

California’s topsy-turvy trickle-down Reuters / Agnes Crane

Dump the auto dealers? CNN / Alex Taylor III

Obama to take to airwaves; health-care stakes run high Marketwatch / Robert Schroeder

GM sales fall 22% in first half of '09 Reuters via CNN

Boeing's 2Q profit climbs; 787 plans still pending AP via Seattle Post Intelligencer / Daniel Lovering

No recovery in California until 2011, forecast says LA Times / Alana Semuels

Dallas-Fort Worth retail occupancy falls Dallas Morning News / Steve Brown

Fewer foreclosures initiated in California in second quarter LA Times / Peter Y. Hong

Gold, other metals push higher amid mixed signals from earnings reports; Oil prices fall AP via South Florida Sun Sentinel / Sara Lepro

US Bancorp 2Q profit tumbles 76 percent AP via Minneapolis Star Tribune / Chris Williams

UK: Why are Britain's pubs shutting? The Economist

Treasurys gain for second day on Bernanke Marketwatch / Deborah Levine

Treasury Would Oversee Derivatives Under Alternative House Bill Bloomberg / Dawn Kopecki and Shannon D. Harrington

U.S. Home Prices Have Smallest Decline in 10 Months Bloomberg / Kathleen M. Howley

Wednesday’s Analysis / Marty Chenard

How Not To Pay For Health Care Forbes / Lee E. Ohanian

Get Rid Of Pelosi Forbes / Dan Gerstein

Wells Fargo posts 2Q profit, surpasses Street AP via Miami Herald / Ieva M. Augstums

Gold keys on stocks as Wall Street shows resilience Marketwatch / Nick Godt

Bernanke Seeks to Cordon Off Monetary Policy From Lawmakers Bloomberg / Craig Torres

Bernanke still a candidate for the chop Independent / David Prosser

Bernanke Jabs Back at Fed's Critics In Congress Washington Post / Neil Irwin

Treasury Yields to Fall, Fibonacci Signals: Technical Analysis Bloomberg / Yoshiaki Nohara

CIT Rescue Group ‘Ripped’ Lender With 5% Fee, Collateral Demand Bloomberg / Caroline Salas and Pierre Paulden

Economist: Recovery may be short-lived NY Times / Jay Fitzgerald

Obama Auto Adviser Tells Lawmakers Not to Undo Dealer Closings NY Times / Nick Bunkley

Obama Wrangles With Own Party Over Health-Care Overhaul Plan Bloomberg / Kristin Jensen and Nicole Gaouette

Obama Averts Crises, Creates ‘Better Impression’ of U.S. Abroad Bloomberg / Janine Zacharia

The Nasdaq makes it 10 in a row Marketwatch / Mark Hulbert

Ford Loss May Narrow, Letting Mulally Sell Stock, Reduce Debt Bloomberg / Jeff Green and Katie Merx

Asian Stocks Advance for Seventh Day on Earnings Speculation Bloomberg / Masaki Kondo and Shani Raja

California hotels flood the market LA Times / W.J. Hennigan

UK: Pubs closing at rate of 52 a week as hard-up drinkers shun their local London Times / Rebecca O’Connor

Bernanke Gets Top Marks as Investors Say Economy Is Past Worst Bloomberg / Rich Miller


The Obama cult Economist

The economic impact of swine flu may not be that bad Economist

Oil drifts below $67 amid improving US economy AP via Seattle Post Intelligencer / Alex Kennedy

Minimum wage hike could prolong recession AP via Detroit Free Press / Dione Walker

Orlando-area hotels reel from year of bad news Orlando Sentinel / Sara K. Clarke Sentinel Staff Writer

U.S. brokers find it hard to break ties that bind Reuters / Jonathan Spicer

Investors facing tricky time in next few months NY Post / John Crudele

How long can the rally last? CNN / Scott Cendrowski

Microsoft sales drop sharply, sees no quick recovery Reuters / Bill Rigby

Microsoft Profit Falls 29% as Slowdown Hurts Sales Bloomberg / Dina Bass

Comparing the minimum wage across America Economist

Chicago-area unemployment hits 11.3 percent AP via Chicago Tribune

Regulatory restructuring Federal Reserve Board / Daniel K. Tarullo

Long bonds down a point Reuters / Burton Frierson

Treasury yields soar as stocks rally, massive supply looms Marketwatch / Polya Lesova

NYC to Borrow as Muni Yields Exceed Treasuries for 17th Month Bloomberg / Jeremy R. Cooke

Health care's future may already exist CNN / Parija B. Kavilanz

Thursday’s Analysis / Marty Chenard

U.S. Stocks Rally, Dow Tops 9,000 for First Time Since January Bloomberg / Matt Townsend

Berkshire Profit on Goldman Sachs Passes $2 Billion Bloomberg / Erik Holm

Gold prices hit fresh six-week highs as dollar index weakens Marketwatch / Kate Gibson

Establishing a Framework for Systemic Risk Regulation FDIC / Sheila Bair

Treasuries Decline Before Supply Announcement; Fed to Buy Debt Bloomberg / Cordell Eddings and Susanne Walker

U.S. existing home sales rise 3.6 percent in June Reuters

U.S. Mortgage Rates Rise to 5.2%, Freddie Mac Says Bloomberg / Brian Louis

New jobless claims rise to 554,000, total rolls fall AP via Houston Chronicle

U.S. Stocks Advance on Earnings; EBay, Ford, AT&T Shares Climb Bloomberg / Matt Townsend

Safeway posts higher profit, cuts full-year forecast Marketwatch

McDonald's profit falls 8 percent on strong dollar AP via Houston Chronicle

UPS Forecasts Profit Less Than Estimates; Sales Fall Bloomberg / Mary Jane Credeur

Hershey sees 72 pct profit jump, raises projection AP via The State / Marc Levy

Barack Obama pushes plans for reforming health care in America Economist

Shortage of doctors could damage healthcare reform Reuters / Andrew Stern

With or without Chrysler, Miami car dealer keeps fighting Miami Herald / Patrick Danner

State budgets walloped again CNN / Tami Luhby

The Myth of Fed Independence Texas Straight Talk via Lew Rockwell / Ron Paul

Bernanke Sidesteps the Three Big Questions, Again Lew Rockwell / Gary North

Buffett’s Berkshire Hathaway Reduces Stake in Moody’s by 17% Bloomberg / Erik Holm and Bryan Keogh

Treasuries Little Changed as Fed Prepares to Buy Bonds Today Bloomberg / Wes Goodman

Car dealer disputes cost of showrooms Washington Times / William Ehart

Regional Banks’ Profits Are Hurt by Loan Losses NY Times / Andrew Martin

Credit Suisse Profit Rises 29% on Gains From Trading Bloomberg / Elena Logutenkova

Homeowners Struggle, and the Vultures Circle Washington Post / Michelle Singletary

Home Resales in U.S. Probably Increased in June for Third Month Bloomberg / Bob Willis

Recession crimping style of youths AP via Detroit News / Samantha Gross

Obama Seeks to Calm Fears on Health Reform Washington Post / Ceci Connolly and Michael D. Shear

Obama Approval 49% Among U.S. Investors, 87% Overseas Bloomberg / Heidi Przybyla

Crocs? They were so economic boom LA Times / Ylan Q. Mui

Asian Stocks Advance for Eighth Day on Weaker Yen, U.S. Housing Bloomberg / Darren Boey

Oil hovers above $65 on mixed US inventory data AP via Palm Beach Post / Alex Kennedy

Yen Falls as Japan Firms Look to Raise Money for Overseas Funds Bloomberg / Yasuhiko Seki and Ron Harui

East Asian Economies May Have ‘V-Shaped’ Recovery, ADB Says Bloomberg / Shamim Adam

Japanese Exports Fall at Slower Pace as Slump Eases Bloomberg / Jason Clenfield and Kyoko Shimodoi


Company Credit Reaches Best Levels in Year on Earnings Optimism Bloomberg / Bryan Keogh, Morwenna Coniam and Abigail Moses

Tightening Credit Becomes Bernanke Bind in Bond Purchase Unwind Bloomberg / Yalman Onaran

The First Worldwide Bubble in Everything: Marc Faber on the Fed's Unprecedented Crime Lew Rockwell

Oil's Customers Will Go Away Before Oil Does Forbes / Amory Lovins

The 'new' new tax on the rich CNN / Jeanne Sahadi

Las Vegas housing supply hits 3-year low Las Vegas Sun / Brian Wargo

U.S. Stocks Rise, Giving Dow Biggest Two-Week Gain Since 2000 Bloomberg / Matt Townsend

Where Goldman Really Makes Its Money Forbes / John Hempton

Get ready for banking's next headache CNN / Colin Barr

The FED: No Exit Lew Rockwell / Michael S. Rozeff

Investors dump brokers to go it alone online Reuters / Rachel Chang

Tech leads Wall Street retreat CNN / Alexandra Twin

Microsoft Offers to Add Rival Browsers to Settle Case Bloomberg / Matthew Newman and Dina Bass

Extended joblessness adds to dynamic Chicago Tribune via Washington News Tribune / Gail MarksJarvis

Pump prices rising despite glut of gasoline AP via Seattle Post Intelligencer / Chris Kahn

Regulatory restructuring Federal Reserve Board / Ben S. Bernanke

Consumer Sentiment Index in U.S. Decreased in July Bloomberg / Shobhana Chandra

Minimum-wage increase is coming at the worst possible time St. Louis Post Dispatch / David Nicklaus

If Housing Has Bottomed, Look Out Above Enduring Investments via Safehaven / Michael Ashton

FL: Are banks skewing South Florida real estate market? South Florida Sun Sentinel / Monica Hatcher

U.S. Stocks Drop as Microsoft, American Express, Amazon Retreat Bloomberg / Matt Townsend and Alexis Xydias

Amazon shares fall on disappointing media sales Marketwatch / Dan Gallagher

IL: Crowded ex-Sears Tower leaves little room to celebrate real estate market Chicago Tribune / David Greising

Minimum wages to rise in 31 states / Tony Romm

Colorado's job losses worst in 65 years Denver Post / Aldo Svaldi

Obama Health-Care Effort Bogged Down in Senate, House Bloomberg / James Rowley and Kristin Jensen

Banning ‘Naked’ Default Swaps May Raise Corporate Funding Costs Bloomberg / Dawn Kopecki and Shannon D. Harrington

Treasuries Are Little Changed Before Consumer Confidence Report Bloomberg / Wes Goodman

Time to cash out of low-yielding money-market funds Marketwatch / Chuck Jaffe

Merger costs, loan losses hurt PNC's bottom line Pittsburgh Post Gazette / Patricia Sabatini

Bankers Bet Jobs on a Roaring V-Shaped Recovery Bloomberg / David Reilly

Consumer Sentiment in U.S. Probably Fell on Concern Over Jobs Bloomberg / Shobhana Chandra

Sentiment has now risen back to dangerous levels Marketwatch / Mark Hulbert

S&P 500 Erases Half Its Loss Since Lehman’s Failure on Profits Bloomberg / Elizabeth Stanton and Jeff Kearns

Ericsson Second-Quarter Profit Falls to 831 Million Kronor Bloomberg / Lars Klemming

Asian Stocks Rise on South Korean Growth, Brokerage Upgrades Bloomberg / Shani Raja and Jonathan Burgos

UK: Sentance Says BOE Staff See ‘Small’ Drop in Second-Quarter GDP Bloomberg / Jennifer Ryan, Svenja O’Donnell and Elliott Gotkine

Japan: Bernanke Isn’t Only Central Banker Drawing Kudos Bloomberg / William Pesek

Yuan Unlikely to Oust Dollar for a Decade, BoCom’s Zhang Says Bloomberg / Bloomberg News

South Korean Economy Grows Fastest in Almost 6 Years Bloomberg / Seyoon Kim



No Exit for Ben Lew Rockwell / Peter Schiff

No confusion on where oil price is headed Globe and Mail / Brian Milner

Companies see profits again despite recession, but revenue still missing AP via Chicago Tribune / Stevenson Jacobs

S&P 500 Short Interest Drops, Led by Banks, as AIG Bets Shrink Bloomberg / Whitney Kisling

U.S. Stocks Rise as Dow Posts Best Two-Week Gain in Nine Years Bloomberg / Whitney Kisling

Lobbyists the silver lining in health care storm? AP via Houston Chronicle / Ricardo Alonso-Zaldivar

Mass Layoffs: The Continuing Devastation Lew Rockwell / Gary North

Is the US Economy Close to Hitting Bottom? Lew Rockwell / Frank Shostak

Sales Fail to Keep Pace With Profits as Economy Stays Sluggish Bloomberg / Peter J. Brennan and Steve Matthews

Treasury, Fed tussle over consumer protection Washington Post / Sean Lengell

Treasuries Little Changed on Rate Outlook as Debt Sales Loom Bloomberg / Susanne Walker

Japan’s 10-Year Bonds Decline as Rising Stocks Damp Demand Bloomberg / Yoshiaki Nohara and Theresa Barraclough

Dollar Drops to Seven-Week Low as Earnings Pare Safety Demand Bloomberg / Ye Xie and Sapna Maheshwari

U.S. stocks to start off week from loftiest point of the year Marketwatch / Kate Gibson

Asian Stocks Post Best Week Since May on Earnings Optimism Bloomberg / Jonathan Burgos


California still living life on the edge – of a fiscal abyss San Diego Union Tribune / Dean Calbreath

Bernanke: This may be worse than Great Depression Marketwatch / Greg Robb

Recession Probably Abated Last Quarter: U.S. Economy Preview Bloomberg / Bob Willis

Americans paying off debt at rates unseen since 1952, slowing economic recovery Bloomberg via Palm Beach Post / Caroline Salas and Michael McKee

Tipped workers should get broader minimum wage: report Marketwatch / Robert Daniel

Chairman Ben Bernanke confronts challenges to Federal Reserve's record LA Times / Don Lee

Loan balloons coming, could trigger new foreclosure 'tsunami' Bradento Journal / Duane Marsteller

Real estate appraisers take it on the chin CNN / Lisa Gibbs

Banks too big to fail need brought down to size Pittsburgh Tribune Review / Jack Markowitz

Will Congress raise the standards for financial advisers? Allentown Morning Call / Humberto Cruz

The 'new' new tax on the rich CNN / Jeanne Sahadi

Pelosi Says She Will Pass U.S. Health-Care Overhaul Bloomberg / Kristin Jensen

Rush on Obamacare draws parallels to Iraqi invasion NY Post / Terry Keenan

MA: Stimulus mired in red tape Boston Herald / Jay Fitzgerald

Michigan second-worst state on Economic Stress Index AP via Detroit News / Kathy Barks Hoffman

Buy Michigan effort gains steam Detroit Free Press / John Gallagher and Nicquel Terry

Bank of Israel May Hold Interest Rate at Record Low: Week Ahead Bloomberg / Alisa Odenheimer

Britain's long road to recovery as GDP fall continues London Times / David Smith


Plosser says Fed may need to hike rates before long: report Reuters

Muni Sales Headed for Slowest July Since ‘06 as Houston Borrows Bloomberg / Jeremy R. Cooke

Government sells $6 billion in TIPS and $27 billion in 3-month notes in the first of $200 billion worth of auctions this week. CNN / Ben Rooney

Airlines hit by slowing travel increase fees Chicago Tribune / Hugo Martin

Obama IS a U.S. citizen, says exasperated White House Reuters / Ross Colvin

Bernanke's Image Tour Forbes / Carl Gutierrez

GDP: Don't believe the hype CNN / Paul R. La Monica

CFOs Not on the Recovery Bandwagon Yet / Vincent Ryan

Flight To Junk Forbes / Matthew Craft

Bonds are sexy Chicago Tribune / Gail MarksJarvis

Stocks muster gains CNN / Alexandra Twin

Fat Tax Could Be Panacea For Health Reform Forbes / Brian Wingfield

Health Reform Would Tie Employers' Hands, Lobbyists Say / David M. Katz

U.S. Assures a ‘Concerned’ China It Will Shrink Record Deficit Bloomberg / Rob Delaney and Rebecca Christie

California's slow handling of appeals from workers denied unemployment benefits is getting worse LA Times / Marc Lifsher

Bonds brace for massive auctions CNN / Ben Rooney

Treasury sells inflation-linked debt at 2.387% Marketwatch / Deborah Levine

The Bank That Bailed Out Itself Forbes / John Tamny

U.S. Economy: New-Home Sales Climb 11%, Most in Eight Years Bloomberg / Courtney Schlisserman and Bob Willis

You Can't Print Production and Prosperity Lew Rockwell / Doug French

What the Fed Has Done to Us Lew Rockwell / Ron Paul

Forget Aloof, Bernanke Goes Barnstorming NY Times / Edmund L. Andrews

Don't expect earnings surprises to last CNN / Robert Cyran

U.S. Stocks Drop; Aetna, Verizon Slump on Disappointing Results Bloomberg / Lynn Thomasson

Monday’s Analysis / Marty Chenard

Airline industry has hit bottom, staying on bottom Dallas Morning News / Terry Maxon

Verizon to cut 8,000 jobs AP via Sacramento Bee

Cost cuts aid RadioShack's profit , but sales disappoint Marketwatch / Andria Cheng

New home sales: 'Really good news' CNN / Les Christie

Gold contract dips slightly as earnings optimism fades Marketwatch / Nick Godt

Oil's bottom line looks 'gruesome' Houston Chronicle / Kristen Hays

Dollar edges up as stocks stay in red Marketwatch / Deborah Levine

Cash-strapped states raid funds meant for 911 improvements AP via Baltimore Sun

Youthful Arabs The Economist

Ben Bernanke says Fed didn't act quickly enough to stop reckless mortgage lending LA Times / Don Lee

Bernanke takes his message to the heartland Reuters / Ros Krasny

Bernanke Says Fed Sought to Avert a ‘Second Great Depression’ Bloomberg / Scott Lanman and Timothy R. Homan

Bernanke: Economy to bounce back stronger CNN / David Goldman

Fed Chairman Ben Bernanke: Bailing out firms disgusting, but necessary AP via Chicago Tribune / Jeannine Aversa

Real Yields Highest Since 1994 Aid Record Debt Sales Bloomberg / Daniel Kruger and Susanne Walker

San Diego high-rise condo market goes from frenzy to fizzle LA Times / Peter Y. Hong

Verizon profit falls but revenue rises Reuters

Surging Profit Estimates Signal 26% Rally for S&P 500 Bloomberg / Lynn Thomasson and Michael Tsang

Corning Profit Beats Estimates as Flat-Panel TV Demand Rebounds Bloomberg / Kelly Riddell

Debt Dogs of Summer Are July’s Hottest Stocks Bloomberg / John Dorfman

Dollar, Yen Fall on Signs Recession Abating; Oil, Metals Rise Bloomberg / Justin Carrigan

Canada’s Dollar Appreciates to 10-Month High as Stocks Advance Bloomberg / Chris Fournier

UK: King May Raise Rates Before Bernanke as U.K. Inflation Tops G-7 Bloomberg / Brian Swint



Corporate bonds making comeback USA Today / Matt Krantz

Five Firms Hold 80% of Derivatives Risk, Fitch Report Finds / David M. Katz

Subprime mortgage companies warn on U.S. foreclosures Reuters / Al Yoon

Bernanke's Wealth Drops Amid 2008 Market Plunge Dow Jones via CNN / Brian Blackstone and Sudeep Reddy

Gains don't bring jobs Albany Times Union / Chris Churchill

Curb oil speculation? Why that's folly! Fortune via CNN / Jon Birger

Were speculators behind last year’s oil-price spike? Christian Science Monitor / Mark Trumbull

Oil rally sputters; prices near $67 per barrel AP via Detroit Free Press / Mark Williams

Sears to open toy shops Chicago Tribune / Sandra M. Jones

MA: Biden announces $1 billion for cops; 50 for Boston Boston Herald

Will Citi Pay The $100 Mill? Forbes / Courtney Comstock

Safeway, Colorado workers talk again on contract AP via Denver Post

Outlook for the U.S. Economy and Community Banks pdf Federal Reserve Bank of San Francisco / Janet L. Yellen

Treasury Two-Year Notes Decline After Record Sale of Securities Bloomberg / Susanne Walker and Cordell Eddings

Treasurys extend gains ahead of big 2-year auction Marketwatch / Laura Mandaro and Polya Lesova

Romulus, Remus, Stimulus: A Brief History of Monetary Madness  Financial Reckoning via Lew Rockwell / Bill Bonner

Fight economic misery with an order of hot wings CNN / Ramya Gopal

Socialized Healthcare vs. The Laws of Economics Ludwig von Mises Institute / Thomas J. DiLorenzo

Taxing the fat in your food CNN / Jeanne Sahadi

High-Frequency Traders Say Speed Works for Everyone Bloomberg / Edgar Ortega, Jeff Kearns and Eric Martin

Slow Session Leaves Indexes Adrift / Miriam Gottfried

U.S. home prices see first rise in three years Reuters / Lynn Adler

A closer look at those great housing figures NY Post / John Crudele

Bernanke out in the open Chicago Tribune / Don Lee

Job woes sap U.S. consumer confidence in July Reuters / Burton Frierson

Tuesday’s Analysis / Marty Chenard

Stocks struggle in early trading CNN

Bank of America could eventually cut 10% of branches AP via LA Times

U.S. Pays $2.5 Trillion for Care Costing $912 Billion Bloomberg / Matthew Benjamin and Brian Faler

Treasuries Little Changed; Report May Show Confidence Dropped Bloomberg / Theresa Barraclough

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

Getting the economy over the valley Marketwatch / Irwin Kellner

Politicians Accused of Meddling in Bank Rules NY Times / Floyd Norris

BofA planning to cut 10 percent of branches: report Reuters

PA: Year-over-year job losses likely not done in Pittsburgh region Pittsburgh Tribune Review / Joe Napsha

California companies for sale sit on the shelves LA Times / Cyndia Zwahlen

Michigan health care jobs top manufacturing Detroit News / Christina Rogers

Deutsche Bank Second-Quarter Profit Increases 68% on Trading Bloomberg / Aaron Kirchfeld and Jann Bettinga

Euro holds firm vs dollar after upbeat U.S. data Reuters via Guardian / Kaori Kaneko

Yen Gains on Speculation Japanese Firms Bringing Back Earnings Bloomberg / Ron Harui and Yasuhiko Seki

Oil eases to $68 as Asian equities pause from rally Reuters

Insiders are selling Marketwatch / Mark Hulbert

Surviving the 'End of Civilization' 2050 Marketwatch / Paul B. Farrell

Canon Profit Drops 86% to 15.6 Billion Yen, Missing Estimates Bloomberg / Mariko Yasu

Asian Stocks Rise on Brokerage Upgrades; Sumitomo Mitsui Gains Bloomberg / Patrick Rial and Shani Raja

China Inflation May Rebound in Second Half, PBOC Says Bloomberg

Oil Set to Rise to $75 After Filling ‘Gap’: Technical Analysis Bloomberg / Yee Kai Pin


NV: Taxable sales tumble 21.9 percent in May Las Vegas Sun / Cy Ryan

Lucrative Fees May Deter Efforts to Alter Troubled Loans / Aleksandra Todorova

Microsoft and Yahoo! strike a long-awaited deal Economist

Mapping the global recession Economist

Wireless-only homes have overtaken those with just land lines McClatchy via Dallas Morning News / Gina Kim

Dead Banks Walking Euro Pacific via Safehaven / John Browne

Yahoo! Surrenders Forbes / Lee Gomes

Dow Sends Buy Signal That’s Worked Since 1921: Chart of the Day Bloomberg / Eric Martin and Michael Patterson

Microsoft Prescribes Permanent ‘Diet’ as Sales Slump Bloomberg / Dina Bass

Blue Dogs Don't Get Last Bark Forbes / Brian Wingfield

Stocks Blunt Losses at Session End / Miriam Gottfried

Beige Book Federal Reserve Board

Fed Says Most Districts Report Slower Pace Decline Bloomberg / Scott Lanman

Fed survey sees slowdown moderating, stabilizing Reuters

Investment Potions Pimco / Bill Gross

Oil Falls the Most in Three Months After Unexpected Supply Gain Bloomberg / Mark Shenk

Energy prices slide as unused crude piles up AP via Houston Chronicle / Chris Kahn

AZ: Desperate state may sell Capitol buildings, others Arizona Republic via

California Can’t Stop IOUs Just Yet, State Controller Says Bloomberg / Michael B. Marois

Obama Sees ‘Beginning of the End’ of U.S. Recession Bloomberg / Edwin Chen and Nicholas Johnston

Gold falls for second day as oil declines, dollar strengthens Marketwatch / Polya Lesova & Moming Zhou

Moody’s Profit Falls as Demand for New Ratings Slumps Bloomberg / Caroline Salas

Treasuries Gain Before 5-Year Auction as Global Stocks Decline Bloomberg / Daniel Kruger and Gavin Finch

U.S. Borrowing Estimate Cut 28% By Goldman as Economy Improves Bloomberg / Wes Goodman

U.S. Corporate Credit Risk Benchmark Increases for Second Day Bloomberg / Shannon D. Harrington

Fewer mortgage applications as rates rise Reuters via CNN

The Soaring Twenties Forbes / Thomas F. Cooley

U.S. Durable Goods Orders Rise Excluding Cars, Planes Bloomberg / Bob Willis

Technology stocks lead selloff CNN

Wednesday’s Analysis / Marty Chenard

Microsoft, Yahoo in 10-year Web search partnership Reuters / Alexei Oreskovic and Bill Rigby

Sprint Nextel posts wider 2Q loss AP via Seattle Times / David Twiddy

Time Warner profit beats forecast but revenue misses Reuters

Bernanke May Have to Sacrifice Lending Powers or Independence Bondheads / Craig Torres

Treasuries Gain for 2nd Day Before Fed Purchases, Durable Goods Bloomberg / Theresa Barraclough

Wal-Mart issues samurai bonds, raising hopes for market Marketwatch / Lisa Twaronite

Treasury Futures Poised to Extend Losses: Technical Analysis Bloomberg / Wes Goodman

Durable Goods Orders in U.S. Probably Fell on Auto Shutdowns Bloomberg / Bob Willis

Stocks tend to perform better when Congress is not in session Marketwatch / Mark Hulbert

Riding the tech bubble and opening new doors Marketwatch / Todd Harrison

Asian Stocks Fall on Lower Commodity Prices, Earnings Reports Bloomberg / Patrick Rial and Jonathan Burgos

Wells Fargo’s Expansion Kindles Passion for Investment Banking Bloomberg / Ari Levy

Health Reform Threatened by Conservatives' Anti-Tax Fantasy Washington Post / Steven Pearlstein

Copper Peaking as Inventories Signal China’s Demand Slowing Bloomberg / Millie Munshi

Dollar drifts sideways as market awaits fresh leads Reuters via Guardian / Kaori Kaneko

Yen Erases Gain as Climb in Japanese Stocks Spurs Yield Demand Bloomberg / Yasuhiko Seki and Ron Harui


Pimco’s Gross Favors ‘Strong’ Company Bonds, Stocks Bloomberg / Wes Goodman

The next few weeks could determine the fate of Barack Obama’s presidency Economist

I Come Neither to Praise Nor to Bury Bernanke Northern Trust via Safehaven / Paul Kasriel

Municipal Bonds Headed for Best Performance in July Since 2002 Bloomberg / Jeremy R. Cooke

The Recovery Question Forbes / Joshua Zumbrun

GDP report is likely to show recession eased in 2Q AP via Seattle Post Intelligencer / Jeannine Aversa

Oil surges above $66 a barrel in volatile week AP via Detroit Free Press / Chris Kahn

U.S., U.K. Budget Gaps to Lead G-20 This Year, IMF Staff Says Bloomberg / Sandrine Rastello and Alison Sider

Could the great recession lead to a great revolution? Christian Science Monitor / Immanuel Ness

Pinched States Wrestle With More Cuts / Leslie Eaton

No profits? Here's a fat bonus! CNN / David Ellis

Treasuries Pare Losses After Sale of $28 Billion of Notes Bloomberg / Susanne Walker and Daniel Kruger

U.S. Stocks Rally, S&P 500 Nears Nine-Month High, on Earnings Bloomberg / Lynn Thomasson

Big rally on Wall Street CNN / Alexandra Twin

A Coming Profit Boom? Forbes / Bernard Condon

Colgate-Palmolive's profit rises 14% Marketwatch / Matt Andrejczak

Unemployment spreads distress in U.S. home loans Reuters / Lynn Adler

Where Unemployment Has Hit Hardest Forbes / Joshua Zumbrun

Mortgage rates rise for second-straight week AP via MSNBC

U.S. Initial Jobless Claims Rise by 25,000 to 584,000 Bloomberg / Courtney Schlisserman

U.S. jobless claims edged up last week Reuters

Recession may be over, but its effects will linger Chicago Tribune / Greg Burns

Sony's profits continue to fall BBC News

Deficit: What caused it, why it matters CNN / Alan J. Auerbach and William G. Gale

Oil speculators owe you & me a bundle of cash NY Post / John Crudele

Flight to Safety Buying Helps Buoy U.S. Dollar Brewer Futures Group via Safehaven

The Road Ahead For The Global Economy Forbes / Nouriel Roubini

Treasuries Decline Before $28 Billion Seven-Year Note Auction Bloomberg / Theresa Barraclough

Few takers for New Orleans rebuilding bonds AP via Detroit News / Becky Bohrer

Las Vegas, Fort Myers, Florida Lead U.S. Cities in Foreclosures Bloomberg / Brian Louis

Lucrative Fees May Deter Efforts to Alter Troubled Loans NY Times / Peter S. Goodman

Forward P/E or trailing P/E? Why not both? USA Today / Matt Krantz

Secular bear, cyclical bull Marketwatch / Mark Hulbert

Time Warner net income drops 34% La Times / Ben Fritz

TVs are getting brighter, thinner -- and cheaper LA Times / David Colker

Sarah Palin at the Switch Lew Rockwell / Donald W. Miller, Jr., MD

UK: Institutional investors ready to bypass banks in protest at rights-issue fees London Times / Miles Costello

Dollar Trades Near 2-Week High Before German Employment Report Bloomberg / Yasuhiko Seki and Ron Harui

Euro Trades Near 2-Week Low as German Unemployment Set to Rise Bloomberg / Yasuhiko Seki and Ron Harui

Pimco’s Bill Gross Favors ‘Strong’ Companies, Emerging Markets Bloomberg / Wes Goodman

Most Asian Stocks Decline as Commodities Slump; Honda Rallies Bloomberg / Patrick Rial and Masaki Kondo

Yen Falls as Signs Global Slump Easing Saps Demand for Safety Bloomberg / Yasuhiko Seki and Ron Harui

New Zealand Leaves Key Rate Unchanged a Second Month Bloomberg / Tracy Withers

Japan Factory Output Rises 2.4%, Fourth Monthly Gain Bloomberg / Jason Clenfield



Treasurys survive $200 billion onslaught CNN / Ben Rooney

The Great Recession By The Numbers Forbes / Joshua Zumbrun

Dow ends best July in 20 years CNN / Alexandra Twin

July Corporate-Bond Sales Drop 48% as Supply Poised to Shrink Bloomberg / Gabrielle Coppola

Default Increase Curbs Bankruptcy Lending as Recoveries Dwindle Bloomberg / Richard Bravo

Treasuries Rise as Consumer Spending Falls More Than Forecast Bloomberg / Susanne Walker and Daniel Kruger

New GDP figures suggest some hope for America’s economy. But the pain is far from over Economist

Hmm ... tastes like recession CNN / Paul R. La Monica

Gold rises as dollar weakens after U.S. GDP data Marketwatch / Moming Zhou

Crude rises on weaker dollar, U.S. GDP Marketwatch / Polya Lesova and Moming Zhou

Big Oil Slick Forbes / Lionel Laurent

Major Indexes See Minor Gains at Month's End / Miriam Gottfried and Will Swarts

Most U.S. Stocks Gain, Dollar Slumps After GDP Beats Estimates Bloomberg / Lynn Thomasson

Friday’s Analysis / Marty Chenard

Stimulus has yet to really boost GDP CNN / Tami Luhby

House Votes to Add $2 Billion to ‘Cash for Clunkers’ Bloomberg / Angela Greiling Keane

Recession Worse Than Prior Estimates, Revisions Show Bloomberg / Bob Willis

ISM-Chicago Purchasers’ Index Rises to 10-month High Bloomberg / Bob Willis and Shobhana Chandra

Economy: The pain is starting to ease CNN / David Goldman

The Recovery Question Forbes / Joshua Zumbrun

GDP dip is strongest sign yet recession is near end AP via Detroit Free Press / Jeannine Aversa

Contraction Slows as ‘Sluggish’ U.S. Recovery Nears Bloomberg / Shobhana Chandra

Limits on oil speculators may not work, and may do more harm than good St. Louis Post Dispatch / David Nicklaus

A Surtax On The Top 1% Forbes / Bruce Bartlett

CA: 9.5 percent of Sacramento-area mortgages are late Sacramento Bee / Jim Wasserman

Florida foreclosure rate among highest in nation Miami Herald / Monica Hatcher

New York Fails to Hit 90 Degrees for June, July for Second Time Bloomberg / Brian K. Sullivan

'$10 trillion' credit crunch cost BBC News / Steve Schifferes

Bernanke’s Collectivism Lew Rockwell / Michael S. Rozeff

Treasuries Fall on Speculation Report to Show Recession Easing Bloomberg / Wes Goodman

CIT bonds? You could be looking at taking a haircut USA Today / Matt Krantz

U.S. Economy Probably Shrank at Slower Pace in Second Quarter Bloomberg / Shobhana Chandra

The Dust Hasn't Settled on Wall Street, but History's Already Repeating Itself Washington Post / Steven Pearlstein

Stimulus Slow To Spur Jobs in Construction, Group Says Washington Post / Alexi Mostrous

Southwest Airlines jumps into bankruptcy auction for Frontier Airlines Chicago Tribune / Julie Johnsson

Disney's third-quarter profit drops 26% LA Times / Dawn C. Chmielewski

Two letters which will be missed Marketwatch / Peter Brimelow

Asian Stocks Rise on Profits; MSCI Set for Fifth Monthly Gain Bloomberg / Patrick Rial and Kotaro Tsunetomi

Oil rises above $67 on renewed econ recovery hopes Reuters via Guardian / Maryelle Demongeot

Japan’s Jobless Rate at Six-Year High, Prices Drop Bloomberg / Toru Fujioka and Mayumi Otsuma

Japan’s Consumer Prices Tumbled Record 1.7% in June Bloomberg / Mayumi Otsuma

Japan: Debt at 200% of GDP Means Throw Those Bums Out Bloomberg / William Pesek