Bondhead News Archive

August 01 – August 15

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Common sense says this rally can't last Globe and Mail / Derek DeCloet

After best July in 20 years, market has jobs in its crosshairs Marketwatch / Nick Godt

Hopes grow that America is pulling out of worst recession on record London Times / Christine Seib and Gráinne Gilmore

Why Bernanke Is in Panic Mode Lew Rockwell / Gary North

U.S. Recession Worst Since Great Depression, Revised Data Show Bloomberg / Bob Willis

Happy Days Aren’t Here Again Lew Rockwell / Peter Schiff

Obama says many months before U.S. exits recession Reuters

Stock runup brings out the optimists Minneapolis Star Tribune / Neal St. Anthony

Revenues, profit plunge at Ruth's Chris Orlando Sentinel / Sandra Pedicini

Dollar Weakens to Year Low on Signs Global Recession May End Bloomberg / Ye Xie and Sapna Maheshwari

Five More U.S. Banks Are Shut Down, Bringing 2009 Tally to 69 Bloomberg / Ari Levy and Margaret Chadbourn

Two-Year Treasuries Fall the Most in Eight Weeks on Supply Bloomberg / Susanne Walker

U.S. Stocks Advance for Third Week as Earnings Beat Estimates Bloomberg / Elizabeth Stanton

Rural GM dealers saved AP via Pittsburgh Tribune Review

A Do-Over of Economy, for Better and Worse NY Times / Floyd Norris

Why a Recovery May Still Feel Like a Recession NY Times / Floyd Norris

Asian Stocks Post Third Weekly Gain as Earnings Signal Recovery Bloomberg / Patrick Rial and Masaki Kondo

Japan’s Bonds Decline for Third Week on Signs Recession Easing Bloomberg / Yoshiaki Nohara

China Manufacturing Expands a Fifth Month, PMI Shows Bloomberg


Companies profit as they slash costs AP via Houston Chronicle / Stephen Manning

Jobs will not just reappear St. Louis Post Dispatch / David Nicklaus

Obama's Big Spending Fallacy Could Ruin the US Economy: A History Lesson Brookes News via Safehaven / Gerard Jackson

Fed Won’t Raise Rate Till 2011, Pimco’s McCulley Says Bloomberg / Candice Zachariahs

New wave of defaults on horizon, experts say San Diego Union Tribune / Dean Calbreath

Job losses could be fewest in nearly a year Marketwatch / Rex Nutting

Payrolls Probably Declined at Slower Pace: U.S. Economy Preview Bloomberg / Shobhana Chandra

Unemployment benefits to dry up for 1.5 million: NYT Marketwatch / Wallace Witkowski

As boomers spend, so goes the economy Globe and Mail / Brian Milner

Slice of central US safe from recession shrinking AP via Houston Chronicle / Ben Neary and Mike Schneider

Greenspan says no need yet to raise interest rates AP via Sacramento Bee

Greenspan Says U.S. Growth of 2.5% Is Possible in Third Quarter Bloomberg / Steve Matthews

Stocks: After the bull run CNN / Alexandra Twin

What new consumer agency will do Boston Herald / Kenneth R. Harney

Why Social Security Needs Some Major Repairs Washington Post / Allan Sloan

Summers: Health-care reform key to economic recovery Marketwatch / Wallace Witkowski

Obama officials eye more jobless aid, weigh taxes Reuters / David Lawder

Obama Trims Sails On Health Reform Washington Post / Ceci Connolly

CO: Political fracture over oil extraction affects Colorado Denver Post / Mark Jaffe

North Dakota may have another big oil field Houston Chronicle / James Macpherson

Bank of England governor urged to keep cash taps running Guardian – Observer / Heather Stewart

Cheerleaders for so-called recovery are blind to reality of growing dole queues Guardian – Observer / Ruth Sunderland


Fed Plans to Strengthen Bank Examinations With Teams of Experts Bloomberg / Robert Schmidt

N.J. Rating Outlook Cut by Moody’s on $31 Billion Bloomberg / Jeremy R. Cooke

Nowhere to Go but Down Washington Post / Paul Schwartzman

U.S. auto sales bolstered by rush to dump "clunkers" Reuters / Kevin Krolicki and Helen Massy-Beresford

Car buyers returned to American showrooms in July AP via Seattle Post Intelligencer / Ken Thomas and Tom Krisher

Signs of healing in manufacturing lift stocks AP via Forbes / Sara Lepro

Geithner loses his cool at regulators meeting: report Reuters

End of U.S. housing slump? Not exactly Globe and Mail / Barrie McKenna

Gold ends at seven-week high as dollar falls Marketwatch / Moming Zhou

Crude oil tops $72 as dollar tumbles, U.S. stocks rally Marketwatch / Polya Lesova

Healthcare Plan Based on Economic Fantasy Texas Straight Talk via Safehaven / Ron Paul

Obama's tax promise: Too tall an order CNN / Jeanne Sahadi

World stocks up on recovery hopes BBC News

Canada: On mutual funds, and the leading myths Globe and Mail / Dan Hallett

End the Fed? A not-so-crazy idea Christian Science Monitor / George Selgin

Mortgage-Bond Rally May End on Housing Reality, Barclays Says Bloomberg / Jody Shenn

Ford U.S. Sales Rise on Clunkers Offer; Honda’s Fall Bloomberg / Mike Ramsey and Alex Ortolani

The world's biggest companies by market capitalization Economist

Monday’s Analysis / Marty Chenard

Airline stocks rise on upbeat economic data Marketwatch / Christopher Hinton

SEC Goes After Bank Of America For Merrill Deal Forbes / Liz Moyer

Economic oil spill on the horizon? CNN / Paul R. La Monica

Treasurys down as manufacturing improves Marketwatch / Deborah Levine

U.S. Stocks Rise, S&P 500 Tops 1,000 for First Time Since Nov. Bloomberg / Matt Townsend

7Y note sells off one point after manufacturing Reuters

30Y bond falls 1 point as stock futures rally Reuters

Oil jumps above $71 on optimism demand to recover AP via Houston Chronicle

Economic Messengers Perform on a Tightrope Washington Post / Neil Irwin

Obama’s More-for-Less Health Care Doesn’t Add Up Bloomberg / Caroline Baum

Morning in America Means a ‘Long Slog’ as Phelps Eyes Recovery Bloomberg / Scott Lanman and Steve Matthews

U.S. Manufacturing Shrank Less Than Forecast in July Bloomberg / Courtney Schlisserman

Manufacturing shrinks less in July than June Reuters

Construction Spending in the U.S. Increased in June Bloomberg / Bob Willis

FL: Apartment vacancies up —rents near 2005 levels Orlando Sentinel / Mary Shanklin



Lost generation? U.S. grads work for free, look abroad Reuters / Wendell Marsh

HSBC: Chicago has too many banks Chicago Tribune / Becky Yerak

Drinking Until the Economy Looks Good Daily Reckoning via Safehaven / The Mogambo Guru

CA: Retail: vacancies everywhere Sacramento Bee / Jim Wasserman

Washington State Agency Borrows as Munis Outperform Treasuries Bloomberg / Jeremy R. Cooke

Connecticut May Borrow $1 Billion to Close Budget Gap Bloomberg / Michael McDonald

Whole Foods sales and profit grow AP via Houston Chronicle / Sarah Skidmore

Not masters of their (Web) domains after all Houston Chronicle / Purva Patel

Obama Standing Firm on No Middle-Class Tax Increase, Gibbs Says Bloomberg / Nicholas Johnston and Kate Andersen Brower

Heroin's comeback: busts at levels not seen since the '70s. Christian Science Monitor / Michael B. Farrell

Junk Issuers Offer Debt as Spreads Narrow to Pre-Lehman Levels Bloomberg / Megan Johnston

Swap Spreads Rise on Speculation Companies Hedge Bond Sales Bloomberg / Oliver Biggadike

Internal Revenue Service may cast wider net in tax probe USA Today / Kevin McCoy

Small Business Administration chief: 'We're the popular kid' CNN / Emily Maltby

Obama rallies Democrats for healthcare reform Reuters / Patricia Zengerle and Donna Smith

Cisco's Long, Rough Recovery Forbes / Andy Greenberg

Kraft Foods 2Q profit rises 11 percent AP via Seattle Times / Emily Fredrix

Pound clears $1.70 against dollar BBC News

Oil rally stalls in face of better economic data AP via Sacramento Bee / Mark Williams

Consumer bankruptcies jump 34% CNN / Catherine Clifford

Just 9% of eligible homeowners have had mortgage modified USA Today / Stephanie Armour

CO: Banks clip commercial loan levels Denver Post / Margaret Jackson

Tuesday’s Analysis / Marty Chenard

Stocks on Rise in Afternoon Trading / Miriam Gottfried

U.S. 30-year bond sells off a full point Reuters

Bonds fall as home sales data saps safety bid Reuters / Chris Reese

TARP bailout money we can kiss goodbye Fortune via CNN / Allan Sloan

FL: With closures, just one Dillard's to serve Manatee, Sarasota counties Orlando Sentinel / Mark Albright

U.S. Incomes Fall 1.3%, Biggest Drop in Four Years Bloomberg / Shobhana Chandra

Pending Sales of Existing Homes in U.S. Surged 3.6% in June Bloomberg / Courtney Schlisserman

Bank regulators dig in against Obama shake-up Reuters / Patrick Rucker and Kevin Drawbaugh

Which American states still support the Republicans? Economist

Despite popularity, 'clunkers' program is a lemon St. Louis Post Dispatch / David Nicklaus

U.S. sees biggest tax revenue drop since 1932 AP via San Francisco Chronicle / Stephen Ohlemacher

A Windfall Tax On Washington Forbes / Brian S. Wesbury and Robert Stein

Obama's tax promise: Too tall an order CNN / Jeanne Sahadi

The regulatory wreckage of ''Cash for Clunkers.'' Forbes / Richard A. Epstein

U.S. Stocks Drop After S&P 500 Valuation Hits 11-Month High Bloomberg / Whitney Kisling

U.S. Two-Year Yield Near 6-Week High as Stock Gains Cut Demand Bloomberg / Wes Goodman

Stock rally barely tempts fund investors: They want bonds USA Today / John Waggoner

Income Loss Persists Long After Layoffs NY Times / Michael Luo

Biggest Banks Come Up Short on List of Mortgage Modifications Bloomberg / Dawn Kopecki

Pump prices are on the rise LA Times / Ronald D. White

Crude futures slip but stay above $71 Marketwatch / V. Phani Kumar

For Senate, a Climate of Competing Interests Washington Post / Steven Mufson and David A. Fahrenthold

Goldman's new 'American Socialism Manifesto' Marketwatch / Paul B. Farrell

Economic Policy Is Working, Obama Says Washington Post / Scott Wilson and Michael A. Fletcher

After 6,000 Take Buyouts, G.M. to Lay Off Thousands NY Times / Nick Bunkley

Asian Stocks Rise on Earnings, Commodities; Panasonic Advances Bloomberg / Jonathan Burgos and Masaki Kondo

Sky's the limit as banks rediscover their taste for risk Independent / Sean O'Grady

Dollar stays near year's low on boosted risk appetite Reuters via Guardian / Kaori Kaneko

Brazil’s Real May Gain Another 7 Percent, Merrill Lynch Says Bloomberg / Fabio Alves


Treasury Treads Lightly on Rating Reform / Sarah Johnson

White House mulls major Fannie-Freddie shakeup Washington Post via San Francisco Chronicle / Zachary A. Goldfarb,David Cho

Meltdown 101: Why is August rough on investors? AP via Seattle Times / Tim Paradis

Wells Fargo, BofA get bad grades on mortgage changes McClatchy via Sacramento Bee / Kevin G. Hall

Bernanke questions Obama consumer agency in letter Reuters

Job options narrow as U.S. recession bites Reuters / Tim Gaynor and Ed Stoddard

‘Underwater’ Mortgages to Hit 48%, Deutsche Bank Says Bloomberg / Jody Shenn

Mortgage demand boosted by refinancing as rates drop Reuters / Lynn Adler

Buy foreclosures now - before it's too late CNN / Les Christie

Obama agenda: Taxes, not just health care CNN / Jeanne Sahadi

Loss for News Corp in 'weak' year BBC News

Cisco earnings fall but beat expectations AP via Houston Chronicle

Cisco’s Sales Will Drop as Much as 17%, Chambers Says Bloomberg / Rochelle Garner

Babies Are In: Fertility Rates Increase in Developed Nations Bloomberg / Elizabeth Lopatto

Where foreigners fill prisons Economist

Junk Bonds Make Loomis Sense Dot-Com-Like Danger Bloomberg / Bryan Keogh

Treasuries Rise as ISM Service Industries Index Falls for July Bloomberg / Susanne Walker

Naked Swaps Better Than a Clothed Barney Frank Bloomberg / David Reilly

Fed Likely to End $300 Billion Treasury Purchases, Meyer Says Bloomberg / Steve Matthews

UK: King to Halt Gilt Purchases on Economy, Dealers Say Bloomberg / Anchalee Worrachate and Anna Rascouet

Fed Cred Forbes / Thomas F. Cooley

Wednesday’s Analysis / Marty Chenard

U.S. Stocks Retreat on Worse-Than-Estimated Jobs, Service Data Bloomberg / Matt Townsend

The FDIC Is in Trouble Safehaven / Bud Conrad

CA: Condo buyers find it tough to get mortgages San Francisco Chronicle / Carolyn Said

Joblessness Will Hinder U.S. Recovery Forbes / Oxford Analytica

Pace of job losses slows, planned layoffs rise Reuters / Steven C. Johnson

Factory Orders Increase 0.4%; Ex-Transport Rises 2.3% Bloomberg / Bob Willis

ADP Says U.S. Companies Decreased Payrolls by 371,000 Bloomberg / Shobhana Chandra

Service Industries in U.S. Contract at Faster Pace Bloomberg / Courtney Schlisserman

Cash for Clunkers Is Just a Broken Windshield Bloomberg / Caroline Baum

Crude supplies rise for second week AP via Seattle Post Intelligencer

Farm Values Drop in U.S. First Time Since '87; Revival Forecast Bloomberg / Alan Bjerga

Service Industries in U.S. Probably Contracted at Slower Pace Bloomberg / Courtney Schlisserman

Paying monthly fees for online brokerage firm? Get a new broker USA Today / Matt Krantz

Fox's Huckabee has questions for Obama Marketwatch / Jon Friedman

Obama Setting Out to Put Brighter Face on Economy NY Times / Sheryl Gay Stolberg

Yen Strengthens as Asian Stock Declines Spur Demand for Safety Bloomberg / Ron Harui and Theresa Barraclough

Oil rises towards $72 after unexpected stocks fall Reuters via Guardian / Sambit Mohanty

Dollar near 2009 lows, kiwi touches 10-mth high Reuters via Guardian / Masayuki Kitano

States make deep cuts to health / Pauline Vu

Pittsburgh leaders hope message of a vibrant city doesn't get lost in G-20 haze Pittsburgh Post Gazette / Ann Belser

CA: Clunkers provide a bonanza for Southland junkyards LA Times / Alana Semuels

IN: Economic Statistics Improve, but Hope Is Elusive NY Times / Monica Davey

Australia Central Bank Shift Makes Rate Rise Likely ‘Next Step’ Bloomberg / Jacob Greber

U.S. 10-Year Yield Is Near One-Week High Before Services Report Bloomberg / Wes Goodman

Dollar Trades Near 2009 Low Before U.S. Company Jobs Report Bloomberg / Ron Harui and Theresa Barraclough

Asian Stocks Fluctuate; Isuzu, Elpida Shares Decline on Losses Bloomberg / Masaki Kondo and Toshiro Hasegawa


The sun also rises Economist

The rights of shareholders and the wrongs done to clients Economist

Minimum wage? Let ambition do its job Pittsburgh Tribune Review / Jack Markowitz

Manufacturing Recovery? Forbes / Joshua Zumbrun

Obama likely in no rush to nod on Bernanke's fate Reuters / Mark Felsenthal

Federal Reserve’s Assets Drop for Third Straight Week Bloomberg / Scott Lanman

Debt Raters Say Getting It Wrong Is Their Right Bloomberg / Ann Woolner

Stocks retreat as jobs report looms CNN / Alexandra Twin

DirectTV 2Q profit falls, but co. adds subscribers AP via Seattle Post Intelligencer / Deborah Yao

Auto sector seen limiting job losses in July Reuters / Lucia Mutikani

U.S. economic recovery faces possible 2010 setback Marketwatch / Laura Mandaro

Unemployment For Busted Entrepreneurs Forbes / Melanie Lindner

Judging Obama's driving record CNN / Chris Isidore

Sales drop shows U.S. retail pressure continues Reuters / Jessica Wohl

We could be facing another jobless recovery San Francisco Chronicle / Kathleen Pender

Thursday’s Analysis / Marty Chenard

Average rates on 30-year mortgages dip after rising for 2 straight weeks AP via Chicago Tribune

Gold falls as dollar strengthens; other metals also lower Marketwatch / Moming Zhou

Oil slips below $71 in European trade amid rising US inventories, signs of slower recovery AP via Chicago Tribune / Pablo Gorondi

Hackers attack Twitter, Facebook also slows down AP via Seattle Post Intelligencer / Barbara Ortutay

What recession? House sneaks private jets into defense bill St. Louis Post Dispatch

Junk bond stress at 8 month low in July-Moody's Reuters

Get ready for the year’s most honest jobs report NY Post / John Crudele

U.S. Initial Jobless Claims Fall More Than Projected Bloomberg / Bob Willis

Sluggish July sales show tight-fisted consumers AP via LA Times

Comcast profit up; basic video subscribers down Reuters

Thomson Reuters 2Q profit up, stabilization seen Seattle Times

U.S. Stocks Retreat, Led by Technology, Telephone Companies Bloomberg / Whitney Kisling

Hunger hits Detroit's middle class CNN / Steve Hargreaves

Obama’s Approval Rating Drops on Economy Concerns Bloomberg / Kristin Jensen

The birth rate in Europe is rising slightly Economist

ECB holds rates at 1 percent, sees downturn slowing Reuters / Krista Hughes and Jonathan Gould

BOE Extends Bond Purchases After Recession Deepened Bloomberg / Jennifer Ryan

Obama and the Economy Lew Rockwell / Llewellyn H. Rockwell, Jr.

Sales tax breaks erode state revenues / Kimberly Leonard and Tony Romm

Treasuries Advance as Fed Prepares to Buy Notes for Second Day Bloomberg / Wes Goodman

Shoppers itching to spend Chicago Tribune / Sandra M. Jones

Fannie, Freddie Overseer Quits With ‘Regrets’ Bloomberg / Dawn Kopecki

Allstate profit soars despite surging catastrophe losses Chicago Tribune

A Few Stocks Skyrocket, but Why? NY Times / Jack Healy

Repairman’s Advantage: Even in Hard Times, Things Need to Be Fixed NY Times / Robert Strauss

ECB May Keep Rates at Record Low as Outlook Grows ‘Less Gloomy’ Bloomberg / Simone Meier

"Junk" companies rule U.S. stock market's rally Reuters / Jennifer Ablan and Rodrigo Campos

Asian Stocks Advance on NTT Unit Profits, Higher Metal Prices Bloomberg / Shani Raja

Yen Falls as Asian Stock Gains Spur Demand for Higher Yields Bloomberg / Theresa Barraclough and Ron Harui

BOJ Said to See Deflation Stretching Through 2011 Bloomberg / Mayumi Otsuma and Masahiro Hidaka

Australian Employers Unexpectedly Add 32,200 Workers Bloomberg / Jacob Greber



Unemployment wild card: the 577,000 who gave up job hunts Christian Science Monitor / Ron Scherer

Airlines, hotels struggle as business travel plummets LA Times / Hugo Martin

Crude Oil May Climb to $95 in Early 2010: Technical Analysis Bloomberg / Mark Shenk

Coca-Cola Enterprises Leads Corporate Bond Sales Rise Bloomberg / Megan Johnston

Fed expected to stop buying Treasurys after program expires Marketwatch / Deborah Levine

"Experts" Never Learn Euro Pacific via Safehaven / Peter Schiff

U.S. Recession May Have Ended in July, NBER’s Frankel Says Bloomberg / Timothy R. Homan

U.S. Consumer Credit Fell 5th Straight Month in June Bloomberg / Vincent Del Giudice

‘Lost Couple of Decades’ Looming for U.S. Economy: Chart of Day Bloomberg / David Wilson

U.S. Stocks Gain, Treasuries Drop as Unemployment Rate Declines Bloomberg / Whitney Kisling

Industry on course for best year since 2003, HFR says Marketwatch / Alistair Barr

Dollar Rises Versus Euro as U.S. Loses Fewer Jobs Than Forecast Bloomberg / Oliver Biggadike and Ye Xie

U.S. economy sheds fewer jobs than expected Reuters

Jobless rate down for first time in a year CNN / Chris Isidore

Markets Focus On The Strong, Ignore Weak Forbes / Oxford Analytica

House Democrat received Countrywide loans: report Reuters

Sacramento-area incomes pounded in 2008 Bloomberg / Dale Kasler

German export surge ignites hope BBC News

Treasuries Head for Weekly Loss; Report to Show Job Cuts Slow Bloomberg / Wes Goodman

Jobs likely to lag upturn Washington Times / David M. Dickson

Payrolls Probably Declined at Slower Pace; Unemployment Rose Bloomberg / Shobhana Chandra

Another Hurdle for the Jobless: Credit Inquiries NY Times / Jonathan D. Glater

Fannie Mae asks for $10.7 billion Bloomberg via Washington Times / Dawn Kopecki

Housing Rebound May Stall on Climate Law, GE, U.S. Builders Say Bloomberg / Daniel Whitten

Single-Payer Groceries, Anyone? Lew Rockwell / Thomas J. DiLorenzo

Recession forcing government overhaul / Stephen C. Fehr

Dollar edges lower ahead of U.S. jobs data Reuters via Guardian / Kaori Kaneko

Oil edges down ahead of U.S. July employment data Reuters via Guardian / Maryelle Demongeot

Asian Stocks Drop on Earnings Concern; Konica Minolta, DBS Fall Bloomberg / Shani Raja

RBA Says Next Australian Rate Move May Be an Increase Bloomberg / Jacob Greber

Retailers Brace for Weak School Shopping Wall Street Journal / Joseph Pereira

UK: King Raises Stakes in 175 Billion-Pound U.K. Economy ‘Gamble’ Bloomberg / Jennifer Ryan


Unemployed taking on dirty jobs AP via Augusta Chronicle

U.S. Job Cuts Slow, Unemployment Rate Falls as Recession Eases Bloomberg / Shobhana Chandra

Watch out: Credit-card rates are heading up Orlando Sentinel / Richard Burnett

Job Growth Lacking in the Private Sector NY Times / Floyd Norris

Why desperation is a terrible motivating force for investors LA Times / Tom Petruno

Treasuries Post Biggest Weekly Decline Since 2003 on Growth Bloomberg / Susanne Walker

U.S. Bank Failures Rise to 72 With Collapses in Florida, Oregon Bloomberg / Alison Vekshin and Ari Levy

Uncle Sam’s AIG Produces Profits, Finally NY Post / Kaja Whitehouse

S&P 500 Tops 1,000 in Fourth Weekly Gain on Better Labor Market Bloomberg / Lynn Thomasson

For Obama, August Is Time to Recharge His Presidency Washington Post / Dan Balz

Obama seeks to dispel health-care 'rumors' Marketwatch / Robert Schroeder

Obama's health care plan helped by drug industry AP via San Francisco Chronicle / David Espo

Obama Says Health-Care Overhaul Essential for Growth Bloomberg / Nicholas Johnston

Economic Suicide and the ABC's of Deprssion! Safehaven / Ty Andros

CA: Recession isn't over for California Sacramento Bee / Dale Kasler

Tennessee tax holiday attracts flurry of shoppers Tennessean / Bonna Johnson

At Fox and MSNBC, Hosts Refire the Insult Machines NY Times / Brian Stelter


For a change, dollar rallies on good U.S. news Reuters / Steven C. Johnson

In this tough economy, it's buyer beware as bartering increases St. Petersburg Times / Chandra Broadwater

Oil extends decline amid strength in U.S. dollar Reuters / Fayen Wong

Do Fannie and Freddie Need a 'Bad Bank?' Business Week / Elise Craig

Did the Government Play Favorites With Goldman? Washington Post / Caitlin McDevitt

Obama attending first US-Canada-Mexico summit AP via Palm Beach Post / Jennifer Loven

Bond ETFs draw interest Marketwatch / John Spence

Fed likely to keep key interest rate at record low AP via Seattle Post Intelligencer / Jeannine Aversa

A return to living within our means Chicago Tribune / Mary Umberger

Auto Plan Probably Boosted Retail Sales: U.S. Economy Preview Bloomberg / Bob Willis

Revitalizing American entrepreneurship Washington Times / Jeffrey M. Jones

MI: Some see signs of optimism in metro Detroit housing market Detroit Free Press / Greta Guest

Shoddy scandal at GE shocking Pittsburgh Tribune Review / Jack Markowitz

Wall Street: Vulnerable after the runup CNN / Alexandra Twin

Hold or Fold, but Don’t Waver Marketwatch via NY Times / Mark Hulbert

Cashing out of clunkers Marketwatch / Chuck Jaffe

Seniors Remain Wary of Health-Care Reform Washington Post / Ceci Connolly

Tyson Says U.S. Slump Easing as Stimulus Takes Effect Bloomberg / Shamim Adam and Liza Lin

Clear, nonpartisan analysis from Budget Office San Francisco Chronicle / Kathleen Pender

CA: Amid cost cutting, L.A. city pensions continue to soar LA Times / Rich Connell

China Will Maintain Stimulatory Policies, Wen Says Bloomberg

UK: Bank warning on growth London Times / David Smith

UK: Bank bailout has created a damaging monopoly on lending, say small firms Guardian – Observer / Phillip Inman

IMF Upgrades South Korean GDP Forecast Amid Stimulus, Rate Cuts Bloomberg / Bomi Lim

From RadioShack to The Shack: What corporate renamings say about the companies Chicago Tribune / Wailin Wong



Fed not ready to use other R-word: Recovery CNN / Chris Isidore

All Quiet On The FOMC Front Forbes / Carl Gutierrez

Have the Fed Liquidity Facilities Had an Effect on Libor? Federal Reserve Bank of San Francisco / Jens Christensen

The math behind the likely jobless recovery AP via MSNBC

House trims jet requests after Pentagon criticism Marketwatch / Rex Crum and Christopher Hinton

Sugar price reaches 28-year high BBC News

Facebook takes aim at Twitter with FriendFeed London Times / Mike Harvey

Interest rates rise at weekly Treasury auction AP via San Francisco Chronicle

Stocks take a step backward CNN / Alexandra Twin

Monday’s Analysis / Marty Chenard

Southwest Airlines confirms $170M bid for Frontier Airlines Dallas Morning News / Eric Torbenson

With losses mounting, is it bon voyage to airfare deals? San Diego Union Tribune / Lori Weisberg

Lessons from the bear market Dallas Morning News / Will Deener

Health care reform's strange bedfellows CNN / Robb Mandelbaum

Consumer, Celebrity Bankruptcies May Hit 1.4 Million Bloomberg / Linda Sandler and Andrew M. Harris

U.S. recession seen ending in Q3 Reuters

Oil dipps below $71 a barrel ahead of US retail reports due later this week AP via South Florida Sun Sentinel / Dirk Lammers

Bank of America's second-quarter profit heavily boosted by foreign operations AP via Minneapolis Star Tribune

Muni Sales to Reach 8-Week High Amid Variable-Rate Refinancing Bloomberg / Jeremy R. Cooke

Treasuries Little Changed Before $75 Billion of Sales This Week Bloomberg / Cordell Eddings and Anchalee Worrachate

Treasurys up ahead of Fed purchases Marketwatch / Deborah Levine

Oil down to near $70 as investors eye US consumers AP via Palm Beach Post / Pablo Gorondi

Gold falls below $950 an ounce on weak ETF demand, Fed Marketwatch / Moming Zhou

Taxes, Cigarettes And George Lucas Forbes / John Tamny

McDonald's July same-store sales rise 4.3 percent AP via Palm Beach Post / Betsy Vereckey

U.S. banks to make $38 billion from overdraft fees: report Reuters

Health care's big money wasters CNN / Parija B. Kavilanz

Fed Focusing on Real-Estate Recession as Bernanke Convenes FOMC Bloomberg / Scott Lanman

Krugman Says Bernanke Should Be Reappointed to Fed Bloomberg / Shamim Adam and Liza Lin

Fed Focusing on Real-Estate Recession as Bernanke Convenes FOMC Bloomberg / Scott Lanman

Treasuries Fall a 6th Day Before $75 Billion of Sales This Week Bloomberg / Theresa Barraclough

Buffett’s Berkshire Adds Corporate Debt as Stock Purchases Drop Bloomberg / Erik Holm

Treasurers’ Fear of Next Credit Freeze Shown in Cash Hoarding Bloomberg / Bryan Keogh and John Detrixhe

Dollar retains gains on jobs boost, but soft vs yen Reuters / Kaori Kaneko

Key Democrat Feels the Heat After Voting for House Plan Washington Post / Peter Slevin

Tracking the recession: Buyouts lure 9,000 state workers into retirement / Rob Silverblatt

Internet: Americans rise and shine ... and get connected Pittsburgh Post Gazette / Brad Stone

Shanghai acting like it's 2007 again, analysts say Marketwatch / Chris Oliver

Asian Stocks Advance on U.S. Jobs, Japanese Machinery Orders Bloomberg / Shani Raja

UK: New fears over the rising tide of jobless Independent / Sean O’ Grady

Japan’s Machinery Orders Rebound as Recession Eases Bloomberg / Jason Clenfield and Keiko Ujikane


MN: Commercial property tax appeals go through roof Minneapolis Star Tribune / Susan Feyder

Fed Faces Its Zimbabwe Moment Forbes / Joshua Zumbrun

Question for Fed: Time to Roll Back Interventions? Washington Post / Neil Irwin

In The Fed We Trust Newsweek via MSNBC / Daniel Gross

Stocks slide as investors look to Fed for read on economy; Dow industrials fall 97 points Chicago Tribune / Tim Paradis

It's Still a Depression Dollar Collapse via Safehaven / James Turk

Loan defaults on rise despite uptick Washington Times / Patrice Hill

Stocks: The latest Fed bubble Fortune via CNN / Colin Barr

Will oil reach above $100 in 2011? Daily Finance / Jonathan Berr

Flipping Municipal Bonds Gets Attention of Rulemaking Board Bloomberg / Michael Quint

Treasuries Rise Amid Record Indirect Bids at Three-Year Auction Bloomberg / Susanne Walker and Cordell Eddings

Hospitals Hit by Bond Yields Giving Investors Instant Profits Bloomberg / Michael Quint

Obama does a good job tipping employment number NY Post / John Crudele

The Debt Crisis Cannot Be Solved with More Debt Ludwig von Mises Institute / David Saied

$70 Billion Isn't The Answer Forbes / Brian S. Wesbury and Robert Stein

U.S. productivity rises at fastest pace in six years Reuters

Inventories at U.S. Wholesalers Fell for a 10th Month in June Bloomberg / Bob Willis

Tuesday’s Analysis / Marty Chenard

U.S. Stocks Decline as Sprint, Yum!, MBIA Shares Downgraded Bloomberg / Whitney Kisling

Retail stocks fall as Fed begins two-day meeting Marketwatch / Andria Cheng

Crude futures fall below $70/brl as U.S. stocks also drop Marketwatch / Polya Lesova

Jump-starting the car industry Economist

Treasuries Are Little Changed Before Record Three-Year Auction Bloomberg / Wes Goodman

Stimulus Funds Bring Relief to States, but What About 2010? Washington Post / Keith B. Richburg and Ashley Surdin

Brutal 'collateral damage' will follow recovery Marketwatch / Paul B. Farrell

Underwater Mortgages May Reach 30% by Mid-2010, Zillow Says Bloomberg / Dan Levy

'Buying American' Puts Strain on U.S. Trade With Canada Washington Post / Anny Shin

RadioShack, er, the Shack makes its case for relevancy LA Times / Dan Neil

Overheated Chinese stock exchange on a four-day losing streak LA Times / David Pierson

Oil edges up ahead of U.S. data; watches Chinese data Guardian / Maryelle Demongeot

Yen Gains for 2nd Day as China Output Grows Less Than Forecast Bloomberg / Theresa Barraclough and Ron Harui

BOJ Keeps Rate at 0.1%, Focuses on Risks to Recovery Bloomberg / Mayumi Otsuma

China’s Industrial Output Growth Accelerates on Record Loans Bloomberg

China’s Exports Decline for Ninth Month on Weak Global Demand Bloomberg

Bank of Korea Keeps Rate at 2% for Sixth Month Amid Recovery Bloomberg / Seyoon Kim


Fed a Rudderless Ship? Sustainable Wealth via Safehaven / Axel Merk

Fed: Economy Leveling Out; Stocks Rally / Will Swarts

U.S. budget deficit grows $180 billion in July Reuters via CNN

Oil rises as American imports jump AP via Houston Chronicle / Chris Kahn

The Fed's Exit Begins Forbes / Joshua Zumbrun

Fed says economy is leveling out Reuters / Mark Felsenthal and Alister Bull

Fed Treasury Buying to Slow Before Ending in October Bloomberg / Craig Torres

Public Spending's Day Of Reckoning Forbes / Desmond Lachman

The Godzilla Solution Forbes / Shikha Dalmia

Judge orders Microsoft to stop selling Word USA Today / Byron Acohido

Sara Lee stock sinks on lower forecast, sales Chicago Tribune / Mike Hughlett

The Real Issue Between Apple and Google Forbes / Darcy Travlos

States weigh in as feds prepare to spend billions on broadband for remote areas / Daniel C. Vock

FOMC Statement Federal Reserve board

Fed signals vote of confidence in economy AP via Detroit News / Jeannine Aversa

Mortgage applications drop as loan rates rise Reuters / Julie Haviv

Home Price Declines Accelerate in Second Quarter Bloomberg / Kathleen M. Howley and Brian Louis

Recovery maybe - but hold the champagne CNN / Chris Isidore

U.S. Stocks Gain as Analyst Upgrades Lift Insurers, Toll Jumps Bloomberg / Whitney Kisling

U.S. corn supply to reach record, prices to fall, USDA says Marketwatch / Moming Zhou

The Rocky History Of Fed Independence Forbes / Thomas F. Cooley

Pimco’s Gross Reduces Mortgage Holdings, Adds to Cash Bloomberg / Susanne Walker

Credit card offers back on the rise Chicago Tribune / Eileen Ambrose

Wednesday’s Analysis / Marty Chenard

Macy’s Beats Analyst Estimates After Cutting Costs, Inventories Bloomberg / Cotten Timberlake

Real Estate: The Eye Of The Storm Has Passed Forbes / Stephane Fitch

Oil steady below $70 amid weak crude demand AP via Houston Chronicle / George Jahn

U.S. Trade Gap Widens Less Than Forecast on Exports Bloomberg / Bob Willis

Dear White House, You’re Imperfect, Now Change Bloomberg / Caroline Baum

BOE Says Inflation May Trail Goal, Trims Rate Outlook Bloomberg / Jennifer Ryan

Global Confidence Jumps on Signs Recession Easing Bloomberg / Shamim Adam

Duck and run Economist

Chevy Volt raises question: Is mpg dead? USA Today / Sharon Silke Carty

Japan Economy Probably Expanded for First Time in Five Quarters Bloomberg / Jason Clenfield and Tatsuo Ito



Law of easy money Economist

Most Average Joes don't belong in commodities USA Today / John Waggoner

Credit-Risk Index Holds Near Two-Week High as Retail Sales Fall Bloomberg / Shannon D. Harrington

What is flash trading and why is it about to be banned? AP via Globe and Mail / Stephen Bernard

Republic Airways wins bankruptcy court auction for Frontier Airlines, beating out Southwest AP via Chicago Tribune / Joshua Freed

US as a health plan provider? Reform idea losing ground Christian Science Monitor / Peter Grier

Bank of America drops arbitration requirement AP via Seattle Times / Joshua Freed

California to Stop Issuing IOUs, Borrow $10.5 Billion Bloomberg / Michael B. Marois and William Selway

Treasuries Rise as Retail Sales Decline Spurs Auction Demand Bloomberg / Cordell Eddings and Susanne Walker

Consumers Trade Down Forbes / Carl Gutierrez

Oil stays above $70 as dollar falls AP via Houston Chronicle / Chris Kahn

The Euro Strikes Back Forbes / Carl Gutierrez

Hedge funds: Know when to walk away Fortune via CNN / Rob Cox

Wall Street at new '09 highs CNN / Alexandra Twin

U.S. Stocks Advance on Paulson’s Purchase of Bank Shares Bloomberg / Whitney Kisling

Time To Exit REITs? Forbes / Peter C. Beller

MI: Michigan foreclosure rate dives as freeze takes effect Detroit Free Press / Greta Guest

Pimco Says Buy Banks, Utilities, Energy Company Debt Bloomberg / John Glover and Matthew Brown

Fed will slow down the dollar printing presses NY Post / John Crudele

U.S. retail sales fall, new jobless claims up Reuters / Lucia Mutikani

A 'Jobless' And 'Wageless' Recovery? Forbes / Nouriel Roubini

Consumers not feeling a recovery CNN / Parija B. Kavilanz

Sugar rush Economist

IL: Foreclosure actions delayed in spring move into system in summer Chicago Tribune / Mary Ellen Podmolik

Kohl's second-half outlook falls short of expectations Marketwatch / Andria Cheng

Walmart Profit Tops Estimates on Inventory Management Bloomberg / Chris Burritt

CA: Slump has hurt Tahoe tourism industry Sacramento Bee / Anna Tong

California exports fall for eighth month Sacramento Bee / Mark Glover

France and Germany are drifting out of recession. The rest of Europe is stuck in the doldrums Economist

Fed Signals No Rush to Exit From Stimulus as Recession Ends Bloomberg / Scott Lanman

Fed Views Recession as Near an End NY Times / Edmund L. Andrews

Treasury Yields Near Lowest Level in a Week Before Retail Sales Bloomberg / Wes Goodman

Waiting for Work In the Silent Woods Washington Post / Wil Haygood

Small-Business Stimulus Loans Slow to Trickle NY Times / Robb Mandelbaum

U.S. Retail Sales Probably Rose in July, Spurred by Auto Demand Bloomberg / Timothy R. Homan

Next Bubble to Burst Is Banks’ Big Loan Values Bloomberg / Jonathan Weil

Federal spending tops $3 trillion Washington Times / David M. Dickson

Solar industry seeing a big glut Marketwatch / Therese Poletti

Bottled Water Boom Appears Tapped Out Washington Post / Ylan Q. Mui

Conservative bloggers meeting here admit being outgunned by liberal counterparts Pittsburgh Post Gazette / Timothy McNulty

Why 'clunkers' program won't take some of the most polluting cars LA Times / Ralph Vartabedian and Ken Bensinger

Asian Stocks Climb as Federal Reserve Says Recession Is Easing Bloomberg / Patrick Rial and Shani Raja

Oil rises above $70 in Asia as investors eye improving IEA crude demand forecast AP via Allentown Morning Call / Alex Kennedy

Dollar’s Replacement Is Just 6,700 Miles Away Bloomberg / William Pesek

Dollar inches lower vs high-yielders after Fed Reuters via Guardian / Kaori Kaneko

Euro Rises for 3rd Day on Optimism Europe’s Contraction Slowed Bloomberg / Yoshiaki Nohara and Ron Harui

Global Confidence Increases on Signs Recession Is Nearing End Bloomberg / Shamim Adam

German recession ends with surprise rise in Q2 GDP Reuters via Guardian


U.S. Stocks Are ‘Dramatically Overpriced,’ Tice Says Bloomberg / Elizabeth Stanton and Deirdre Bolton

Even Mayor Daley Can’t Get Rates Taxpayers Deserve for Chicago Bloomberg / Michael Quint and Michael McDonald

Gasoline May Fall to $1.76 Within a Month: Technical Analysis Bloomberg / Barbara Powell

Rethinking the Fed Chairmanship and Weighing Who's Right for the Job Washington Post / Steven Pearlstein

Regulators Close 3 More Banks; Total Reaches 77 for '09 Wall Street Journal / Michael R. Crittenden

NV: Down economy means tourism suffering statewide Las Vegas Sun / Richard N. Velotta

Less Government or Lower Wages? You Decide Euro Pacific via Safehaven / Peter Schiff

Don’t blame health care for poor longevity CNN / Joe Light

No Death Panels At Cleveland Clinic Forbes / Robert Lenzner

Conservatives take on liberals in blogosphere AP via Seattle Post Intelligencer / Dan Nephin

Payments Pricing: Who Bears the Cost?—A conference summary pdf Federal Reserve Bank of Chicago / Katy Jacob Carrie Jankowski Anna Lunn

U.S. consumer morale sags, industrial output rises Reuters / Lucia Mutikani

When your teen has champagne tastes, and you've got a beer budget St. Louis Post Dispatch / Aisha Sultan

Economy Declines Further as Top Problem; Healthcare Rises Gallup / Lymari Morales

Modify the mortgage -- or walk away? Marketwatch / Lew Sichelman

To Woo a Renter Washington Post / Emma L. Carew

Dollar advances on consumer spending worries AP via Houston Chronicle / Erin Conroy

Toxic Loans Topping 5% May Push 150 Banks to Point of No Return Bloomberg / Ari Levy

Friday’s Analysis / Marty Chenard

Give a cold shoulder to unsolicited hot stock tips Marketwatch / Chuck Jaffe

Stocks drop as investors worry about consumers AP via Seattle Times / Sara Lepro

Six Lobbyists Per Lawmaker Work on Health Overhaul Bloomberg / Jonathan D. Salant and Lizzie O’Leary

Blindsided Lew Rockwell / David Calderwood

Obama says insurance companies holding U.S. hostage Reuters / Jeff Mason and Matt Spetalnick

Gold higher as dollar falls after CPI; silver hits 2-month high Marketwatch / Moming Zhou

Bonds rise on mild consumer inflation data Reuters

Blackstone Debut Leads U.S. Corporate Bond Sales as Rally Wanes Bloomberg / John Detrixhe and Megan Johnston

Stocks slump on sentiment slide CNN

Blockbuster posts $39.7M second-quarter loss AP via NY Post

U.S. consumer prices flat, inflation pressures muted Reuters

U.S. Homeowners Cut Asking Prices $27.8 Billion, Led by Nevada Bloomberg / Dan Levy

Keynes Was Really A Conservative Forbes / Bruce Bartlett

Mutual Funds: Benchmarked Forbes / Michael Maiello

In recession, more seasonal workers are seasoned veterans Chicago Tribune / Oscar Avila

Personal Bankruptcy Surges 34 Percent Washington Post / Nancy Trejos

FL: More than half of Tampa Bay homeowners with a mortgage owe more than home's worth St. Petersburg Times / James Thorner

Treasuries Decline as Asian Stocks Extend Global Gain in Shares Bloomberg / Wes Goodman

Pace of stimulus spending plummets Washington Times / Stephen Dinan

Recent drop in short interest not necessarily a bad sign Marketwatch / Mark Hulbert

Asian Stocks Gain on Metals Prices, Takeovers; Leighton Climbs Bloomberg / Jonathan Burgos

Florida's population shrinks / Stephen C. Fehr

ND: Woman's Path to Work Ends in Rural, and Job-Rich, North Dakota Washington Post / Eli Saslow

Oil rises above $71/bbl on economy, equities rally Reuters via Guardian / Maryelle Demongeot

BOJ May Extend Credit Steps Into 2010, Minutes Show Bloomberg / Mayumi Otsuma

Hong Kong May Emerge From Recession as Trade Improves Bloomberg / Sophie Leung

Hong Kong pulls out of recession in Q2 Reuters via Guardian

Australia: Stevens Says RBA May Raise Rate From Emergency Level Bloomberg / By Jacob Greber

Dollar May Extend Decline After Unexpected Drop in Retail Sales Bloomberg / Oliver Biggadike and Ye Xie


Stocks roadblocked by consumers CNN / Alexandra Twin

Treasuries Gain Most Since December on Tame Inflation Outlook Bloomberg / Susanne Walker

U.S. Stocks Drop for the First Time in Five Weeks on Valuations Bloomberg / Lynn Thomasson

Beleaguered Verizon stock has some potential Chicago Tribune / Andrew Leckey

Abercrombie & Fitch tries to keep its shirt on as sales slacken LA Times / Andrea Chang

FDIC chief says Obama overhaul won't work AP via Augusta Chronicle

Obama Says Special Interests Are Misleading U.S. on Health Care Bloomberg / Nicholas Johnston

Euro Tumbles as U.S. Consumer Confidence Outweighs Region’s GDP Bloomberg / Oliver Biggadike and Sapna Maheshwari

France, Germany Fend Off Recession Washington Post / Anthony Faiola