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December 01 – December 15

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Own Bonds? Dubai Is Your Wake-Up Call / James B. Stewart

After furloughs, states mull permanent cuts / Christine Vestal

Gold posts solid gains to climb to fresh high above $1,210 Marketwatch / Myra P. Saefong

Bernanke to defend his record and the Fed's Reuters / Mark Felsenthal

Bernanke Has Support of Majority of Senators on Banking Panel Bloomberg / Scott Lanman and Alison Vekshin

Junk mortgages: It just gets worse CNN / Allan Sloan and Doris Burke

Dow at 14-month high CNN / Alexandra Twin

Obama's Afghanistan speech: five key points Christian Science Monitor / Gordon Lubold

CA: Online tax advantage shortchanges state San Diego Union Tribune / Dean Calbreath

Build America Bond Sales May Rise 40% Next Year, JPMorgan Says Bloomberg / Jeremy R. Cooke

Commercial-Mortgage Bond Spreads Rise as Buyers Pare Holdings Bloomberg / Sarah Mulholland

Treasuries Drop as Stocks Rise, Dubai World Starts Debt Talks Bloomberg / Cordell Eddings

Monetary Policy and the Wisdom of Wayne Gretzky Federal Reserve Bank of Philadelphia / Charles I. Plosser

Fed's Plosser: Winding-down of facilities good sign Reuters

Fed banks worried in November that recovery was shaky Reuters

Jobless losing a health-insurance lifeline CNN / Jessica Dickler

Construction Spending in U.S. Unchanged After Falling in Sept. Bloomberg / Courtney Schlisserman

World’s Most Expensive Office Markets Get Cheaper Bloomberg / David M. Levitt and Simon Packard

Treasury Nominee Miller May Get $15 Million on T. Rowe Options Bloomberg / Robert Schmidt

Weak dollar pushes gold to record $1,201.63 an ounce BBC News

Pimco Says Investors to Sell Government Bonds on Record Sales Bloomberg / Sarah McDonald

Markets won't like bad jobs numbers on Friday NY Post / John Crudele

Manufacturing grows again, but recovery fragile Reuters / John Parry

Manufacturing in U.S. Expands for Fourth Month Bloomberg / Bob Willis

Rock-bottom mortgage rates tempt hesitant home shoppers Marketwatch / John Spence

U.S. pending home sales highest in 3-1/2 years Reuters

Tuesday’s Analysis / Marty Chenard

Dow at 13-month highs CNN / Alexandra Twin

Stocks, Commodities Rise on Dubai, China; Dollar Weakens Bloomberg / Michael Patterson

Which countries make most trade complaints? Economist

FDIC's Out Of Cash Forbes / Alexandra Zendrian

Obama’s Troop Increase Means He ‘Owns’ Afghan War Bloomberg / Hans Nichols and Indira A.R. Lakshmanan

Japan’s central bank takes an overdue swipe at an old foe Economist

Fed Begins Testing a Strategy to Exit a Securities Program NY Times / Edmund L. Andrews

As housing goes, so goes the economy - and it's not going great Marketwatch / Irwin Kellner

Working Two Jobs and Still Underemployed Wall Street Journal / Ianthe Jeanne Dugan

Job Cuts Loom as Stimulus Fades Wall Street Journal / Gary Fields

Summers Disputes Pimco’s ‘New Normal’ of Slow Economic Growth Bloomberg / Mike Dorning

Is it too quiet out there? Marketwatch / Mark Hulbert

Manufacturing in U.S. Probably Grew for Fourth Straight Month Bloomberg / Bob Willis

Treasuries Are Little Changed as Signs of Revival Erode Demand Bloomberg / Wes Goodman

Clariden Gains From Catastrophe Bonds, ‘Sigh-of-Relief’ Weather Bloomberg / Jamie McGee and Oliver Suess

Yen Drops Most in 7 Weeks on BOJ Meeting; Japan Stocks Rally Bloomberg / Shani Raja and Yasuhiko Seki

Chinese Manufacturing Accelerates, HSBC PMI Shows Bloomberg

Australia Increases Benchmark Interest Rate to 3.75% Bloomberg / Jacob Greber


NV: Investors buying up Las Vegas foreclosure homes Las Vegas Sun / Brian Wargo

Gold taps yet more records, tops $1,225 Marketwatch / Myra P. Saefong

Comcast Considered Buying Facebook Yahoo Jay Yarow

Fed officials say timing exit difficult Reuters / Pedro Nicolaci da Costa and Kristina Cooke

Fed Banks Say Economy Improved ‘Modestly’ Across U.S. Bloomberg / Scott Lanman

Beige Book Federal Reserve Board

Early fireworks in Bernanke confirmation drama CNN / Hibah Yousuf

U.S. housing market meltdown not over yet: Zandi Reuters / Julie Haviv

Crude oil stockpiles increased 2.1 million barrels AP via Miami Herald / Deborah Jian Lee

BofA's Escape From Washington Forbes / Liz Moyer

Obama aides defend ambitious Afghan scale-up Reuters / Andrew Quinn and Phil Stewart

The Effect of Interest on Reserves on Monetary Policy Federal Reserve Bank of Richmond / John R. Walter

The Economic Outlook, December 2009 Federal Reserve Bank of Richmond / Jeffrey M. Lacker

Fed's Lacker sees risk in waiting too long to exit Reuters

Why We Have An Independent Fed Forbes / Thomas F. Cooley

Senate to Bernanke: "In the Name of God, Go!" Safehaven / Fred Sheehan

Online spending in America is rising Economist

Wednesday’s Analysis / Marty Chenard

Why did AAPL tank on Tuesday? Fortune via CNN / Philip Elmer-DeWitt

U.S. Stocks Retreat, Led by Energy Producers, Financials Bloomberg / Mary Childs

New FDIC Study Shows One in Four U.S. Households Currently Unbanked or Underbanked FDIC

Credit card rates: Nowhere to go but up CNN / Jennifer Liberto

Vanguard: 60% of 401k accounts recovered AP via USA Today / David Pitt

Critics not invited to White House's 'jobs summit' Washington Times / Kara Rowland

Republicans accuse Obama of ACORN cover-up Washington Times / Sean Lengell

Treasuries Little Changed After ADP Employer Services Report Bloomberg / Cordell Eddings and Anna Rascouet

ADP Says U.S. Companies Cut Estimated 169,000 Jobs Bloomberg / Timothy R. Homan

Don't let companies avoid derivatives Reuters / Glenn Somerville and Mark Felsenthal

The domestic drilling backlash CNN / Steve Hargreaves

Somebody's got to pay for this mess Denver Post / Al Lewis

Why the Deflationist Argument Is Wrong in Both Theory and Practice Lew Rockwell / Gary North

Roubini’s Bubbles Float on Flimsy Credit Source Bloomberg / Caroline Baum

Treasury Yield Is Near Highest in a Week Before ADP Jobs Report Bloomberg / Wes Goodman

Holiday shoppers to take a breather Chicago Tribune / Sandra M. Jones

Oil eases to around $78, awaits EIA data Reuters / Nick Trevethan

MI: Exodus makes Mich. recession worse Detroit News / Nathan Hurst

How Some Near-Death Banks End Up Looking Alive Bloomberg / David Reilly

Australian Senate Rejects Climate Bill; Rudd Left Empty Handed Bloomberg / Jesse Riseborough and Ben Sharples


Gold futures drop as much as $16 on Globex Marketwatch / Myra P. Saefong

Another 100,000 jobs lost, economists predict Marketwatch / Rex Nutting

Congress grills Bernanke, but second term likely AP via Denver Post / Jeannine Aversa

CA: State leaders explore job creation San Francisco Chronicle / Carolyn Said

Stocks Slide at End of Session / Sarah Morgan

Higher rates on longer-dated government bonds are less appealing than they look Economist

Bernanke defends record, seeks second term Reuters / Mark Felsenthal and Pedro da Costa

Is the Fed Engaged in Quantitative or Qualitative Easing? Northern Trust via Safehaven / Paul Kasriel

U.S. retail sales miss view on weak holiday start Reuters / Brad Dorfman

Turning Point Is Near On Unemployment Forbes / Joshua Zumbrun

Investors taking contradictory path with gold Reuters / Jeremy Gaunt

Obama, the worried warrior Economist

House Votes to Restore Estate Tax, Exempt $7 Million Bloomberg / Ryan J. Donmoyer

The Costs Of ObamaCare Forbes / David Whelan

VIX Call Trading Jumps to Record in Bet Index Drops Bloomberg / Jeff Kearns

Lessons for the Future from the Financial Crisis Federal Reserve Bank of Boston / Eric S. Rosengren

Treasuries Decline as Auction Amounts Announced, Claims Fall Bloomberg / Cordell Eddings

What I'd like Bernanke to explain at his hearing NY Post / John Crudele

U.S. services sector contracts, jobless claims fall Reuters / Nick Olivari

Services Industries in U.S. Unexpectedly Contract Bloomberg / Bob Willis

Average rates on 30-year mortgages drop to 4.71 percent, setting new all-time low AP via Chicago Tribune / Alan Zibel

Stocks Rally Stalls on Economy Concern as Dollar, Oil Fluctuate Bloomberg / Michael P. Regan

The real cost of buying a DVD Economist

Confirmation hearing Federal Reserve Board / Ben S. Bernanke

Bernanke's biggest fears CNN / Chris Isidore

Fed Conducts First Test of Cash Withdrawal With Repos Bloomberg / Liz Capo McCormick

Short-Term Munis Retrace Quarter Losses Amid Money-Fund Exodus Bloomberg / Jeremy R. Cooke

Thursday’s Analysis / Marty Chenard

Cracks In Obama's Democratic Base Forbes / John Zogby

Yen Surge Aided by Confusing Government Remarks, Tanigaki Says Bloomberg / Sachiko Sakamaki and Takashi Hirokawa

Treasuries Little Changed Before Report on Service Industries Bloomberg / Wes Goodman

Monster US online jobs index slips in November Reuters via Guardian

Silvia Says Many Fired U.S. Workers Will Not Find New Jobs Bloomberg / Timothy R. Homan and Thomas R. Keene

Oil hangs below $77 after signs of weak US demand AP via Palm Beach Post / Alex Kennedy

China Trade Minister Says Dollar Needs Global Focus Not Yuan Bloomberg

Bank of America to Repay Bailout, Easing CEO Search Bloomberg / David Mildenberg

Search for new General Motors CEO may take awhile USA Today / Bob Lutz

Asian Stocks Rise on Yen, U.S. Economy Optimism; Honda Gains Bloomberg / Shani Raja and Akiko Ikeda

Yen, Dollar Weaken on Signs of Economic Recovery, Stock Gains Bloomberg / Yasuhiko Seki and Ron Harui

Pimco Says Bet on Yuan After Dubai Reminds of Risks Bloomberg / Wes Goodman and Garfield Reynolds

Japan’s Companies Cut Capital Spending at Record Pace Bloomberg / Keiko Ujikane



The Dark Side Of TIPS Forbes / Richard A. Ferri

A deeper look behind the jobless numbers AP via MSNBC

Economists Who Foresaw U.S. Payroll Surprise Now See Job Gains Bloomberg / Timothy R. Homan

Black unemployment 'a serious problem' CNN / David Goldman

Post-Thanksgiving Retail Spending Trails Same Week in 2008 Gallup / Lydia Saad

Rally may have legs, but beware of Scrooge Reuters / Leah Schnurr

U.S. dollar soars vs euro, yen, buoyed by jobs data Reuters / Gertrude Chavez-Dreyfuss

Swine Flu Rates in U.S. Drop for Fifth Straight Week Bloomberg / Tom Randall

Why Goldman Sachs Is JPMorgan’s Biggest Asset Bloomberg / David Reilly

Taxable Bonds Make Up Biggest Share of Muni Market in 7 Weeks Bloomberg / Jeremy R. Cooke

U.S. 2-Year Notes Drop Most Since August as Jobless Rate Falls Bloomberg / Daniel Kruger and Cordell Eddings

Dow stumbles after hitting record CNN / Alexandra Twin

Scrutiny ahead for Comcast Pittsburgh Tribune Review

A glimmer Economist

Unhappy Holidays / Edward Tech

NBER’s Hall Says Recession May Be Over, Precise Month in Doubt Bloomberg / Steve Matthews

Obama just says no to creating gambling, drug jobs AP via Fresno Bee

Congress moves to extend jobless benefits CNN / Tami Luhby

Obama Health Overhaul May Fail to Cut Spending on Medical Care Bloomberg / Catherine Dodge and Nicole Gaouette

Study: Slowdown in warming last year not permanent AP via San Francisco Chronicle

Speech: Some Observations About Policy Lessons from the Crisis Federal Reserve Bank of Philadelphia / Charles I. Plosser

Did The Stimulus Stimulate? Forbes / Bruce Bartlett

Friday’s Analysis / Marty Chenard

Stocks climb following better than expected employment data AP via Chicago Tribune / Ieva M. Augstums and Tim Paradis

Oil rises above $77 on U.S. jobs data Reuters / Ikuko Kurahone

Dollar soars after unemployment rate drops AP via Seattle Times

October factory orders rise unexpectedly AP via Detroit Free Press / Martin Crutsinger

Almost Creating Jobs! Forbes / Joshua Zumbrun

Payrolls in U.S. Decline 11,000; Unemployment at 10% Bloomberg / Timothy R. Homan

Treasuries Head for Weekly Decline Before November Jobs Report Bloomberg / Wes Goodman

New Jersey Losing $22,000-a-Day With Swap for Bonds Never Sold Bloomberg / Dunstan McNichol

Eric Rosengren: We should've seized AIG Boston Herald / Jerry Kronenberg

Bernanke says Fed actions averted meltdown Washington Times / Sean Lengell

Bernanke May Get Second Term at Fed Shorn of Bank Supervision Bloomberg / Scott Lanman and Craig Torres

Bernanke Says Fed ‘Should Have Done More’ NY Times / Edmund L. Andrews

Taxpayers in 29 states hit with hikes / Daniel C. Vock

Mortgage rates hit lows, but will it last? Chicago Tribune / Mary Ellen Podmolik

The inflation boogeyman Marketwatch / Howard Gold

Payrolls in U.S. Probably Decreased at Slower Pace in November Bloomberg / Timothy R. Homan

Amid pain, baby steps in employment Marketwatch / Kathleen Madigan

Obama wants ideas, private help on jobs Pittsburgh Post Gazette / Jon Schmitz

Crude falls below $76, unsettled ahead of payrolls Reuters / Nick Trevethan

Citigroup Stands Alone NY Times / Andrew Martin and Eric Dash

Asian Stocks, Oil Retreat on Sign of Service Economy Slowdown Bloomberg / Ben Sharples and Darren Boey

UK: We are past the worst but there are still disappointments to come Independent / Hamish McRae


Housing Cycles News and Views via Safehaven / Tim Wood

Unexpected drop in jobless rate sparks optimism AP via Philadelphia Inquirer / Jeannine Aversa and Christopher S. Rugaber

Banks Take Losses on Short Sales as Foreclosures Soar Bloomberg / John Gittelsohn and Margaret Collins

Treasury Yields Setting Up for Advance MP Trader via Safehaven / Mike Paulenoff

Treasury 2-Year Notes Fall Most Since August on Jobs, Economy Bloomberg / Daniel Kruger and Cordell Eddings

Rally may have legs, but beware of Scrooge Reuters / Leah Schnurr

Stock rally: Rest or recharge CNN / Alexandra Twin

Why the Copenhagen climate talks matter CNN / Steve Hargreaves

Taxes, taxes everywhere CNN / Tami Luhby

Obama: Efforts aimed at economy's long-term health Washington Times / Will Lester


Help needed for underwater mortgages AP via Augusta Chronicle

The recession's job roller coaster Washington Post / Jonathan Mummolo

Beneath the Gulf, drillers uncover bounty Houston Chronicle / Brett Clanton

BIS Study Says Low Interest Rates Can Risk Financial Stability Bloomberg / Simon Kennedy

In economic woes, firms count on temp workers San Francisco Chronicle / Tom Abate

Republican leaders say Democratic health overhaul has become partisan, closed-door effort AP via Chicago Tribune

How to Run Up a Deficit, Without Fear NY Times / Robert H. Frank

Obama banks on Tarp fund to bolster job creation FT / Tom Braithwaite

Dollar Faces ‘Crosswinds’ as Risk Appetite Returns, BIS Says Bloomberg / Lukanyo Mnyanda and Matthew Brown

Gold Can’t Beat Checking-With-Interest 30 Years After Last Peak Bloomberg / Nicholas Larkin and Millie Munshi

UK: Pre-Budget warning from British Chambers of Commerce BBC News

How the world's economies are retreating from recession Guardian – Observer / Ashley Seager

Penney part of move to investment-grade bonds in retirement plans Dallas Morning News / Bryan Keogh and John Detrixhe

Retail Sales Probably Rose in November: U.S. Economy Preview Bloomberg / Bob Willis

Jobless professionals vie for holiday sales work AP via Houston Chronicle / Christopher Leonard and Mae Anderson

Going for gold NY Post / James Altucher

Generating new jobs is private-sector job St. Louis Post Dispatch / David Nicklaus

Obama to promote new job ideas in Tuesday speech AP via Fresno Bee / will Lester

Obama Seeks to Rally Senate Democrats on Final Health-Care Plan Bloomberg / Laura Litvan

Make your Social Security choice wisely Marketwatch via Seattle Times / Robert Powell

Dollar Fear Trumps Greed in Prices to Protect Against a Rebound Bloomberg / Liz Capo McCormick

Hoping that fund investors get more for their money Marketwatch / Chuck / Jaffe

OECD warns public debt jeopardizes recovery: report Reuters




Inflation Persistence pdf Federal Reserve Bank of Boston / Jeffrey C. Fuhrer

Capital Structure in Banking Federal Reserve Bank of San Francisco / Simon Kwan

Recession's silver lining: falling divorce rate Christian Science Monitor / Peter Grier

US mortgage delinquencies to fall in 2010 FT / Francesco Guerrera and Helen Thomas

Frequently Asked Questions Federal Reserve Board / Ben S. Bernanke

Bernanke Sees ‘Formidable Headwinds’ for U.S. Economy Bloomberg / Craig Torres and Shobhana Chandra

Fed must lean against bubbles, Dudley says Marketwatch / Rex Nutting

Ben Bernanke, Treasury Salesman Forbes / Matthew Craft

Inflation will not get out of control, Bernanke promises Marketwatch / Rex Nutting

Bernanke: Fed will make profit on bailout CNN / Chris Isidore

Exclusive: Citi, U.S. disagree over capital for TARP exit Reuters / Dan Wilchins and Karey Wutkowski

S&P 500, Nasdaq end down as banks, tech weigh Reuters / Angela Moon

Gold settles lower but off session lows Reuters / Frank Tang and Jan Harvey

Obama's Setup Forbes / Brian Wingfield

Treasurys gain ahead of Bernanke's speech Marketwatch / Deborah Levine

Administration to slash TARP cost $200 billion CNN / David Ellis

Why Wells Fargo hasn't paid U.S. back CNN / Colin Barr

U.S. Stocks Rise; Health-Insurer Rally Offsets Decline in Banks Bloomberg / Mary Childs

Monday’s Analysis / Marty Chenard

EBay Considered Craigslist Takeover, Whitman Says Bloomberg / Jef Feeley and Joseph Galante

Gold falls for second day on Fed rate hike speculation Marketwatch / Moming Zhou & Polya Lesova

Gold bugs cite India, silver, miners as causes for hope Marketwatch / Peter Brimelow

TN: In housing bust, small jobs keep contractors afloat Tennessean / Naomi Snyder

Who would pay more to tackle climate change? Economist

Iceland's economy shrinks further BBC News

No Fed Independence Forbes / John Tamny

U.S. Retail Hiring in November Rose to Highest Level in 2009 Bloomberg / Inyoung Hwang

In praise of extravagance Forbes / Ben Stein

Options Signal Stock Peril as Analysts See Profits Bloomberg / Jeff Kearns and Lynn Thomasson

Gold warning Chicago Tribune / Gail MarksJarvis

Dollar jump puts oil below $75 Reuters / Chris Baldwin

Yen, Dollar Rise on Rate Outlook; Stocks, Commodities Decline Bloomberg / Justin Carrigan

Quarter of workforce could become temps as contract work grows USA Today / Paul Davidson

Treasuries Drop for 5th Day Before Bernanke, $74 Billion Supply Bloomberg / Theresa Barraclough

Asian Stocks Rise After U.S. Jobs Report; Sony, Billabong Gain Bloomberg / Jonathan Burgos and Shani Raja

Yen's Biggest Decline in Decade No Anomaly With Options Fading Bloomberg / Yasuhiko Seki and Ron Harui


Muni Bonds Advance as NYC Expands Tax-Exempt Offering by 29% Bloomberg / Jeremy R. Cooke

A lonely voice against the Fed now leads a chorus Washington Post / Tomoeh Murakami Tse

Democrats Said to Agree to Abandon Full Public Option Bloomberg / Laura Litvan and Nicole Gaouette

In debate over nation's growing debt, a surplus of worry Washington Post / Joel Achenbach

Will the news survive? Marketwatch / Brett Arends

States await Obama jobs plan

The Coming Wave Of Debt Defaults Forbes / Sam Rovit and David Sweig

Companies in U.S. More Upbeat on Sales Than Jobs, Surveys Show Bloomberg / Courtney Schlisserman and Shobhana Chandra

What recovery? Most still see recession CNN / Chris Isidore

U.S. Stocks Fall on Greece Downgrade, Dubai Developer’s Loss Bloomberg / Elizabeth Stanton

Obama touts tax breaks for small biz hiring CNN / Catherine Clifford

Obama's Small Business Conundrum Forbes / Brian Wingfield

I was a birther before Obama's certificate questions NY Post / John Crudele

Crude prices fall for fifth straight day AP via Seattle Times / Chris Kahn

Condo rules could shut out buyers AP via Miami Herald / Alan Zibel and Adrian Sainz

The Government Bubble Forbes / Brian S. Wesbury and Robert Stein

Economics No Match For Politics Forbes / Richard A. Epstein

Moody's US credit warning spooks world markets AP via Denver Post / Pan Pylas

Hedge Funds Win Profit on Chicago Sewer Debt at Public Expense Bloomberg / Michael Quint and John McCormick

Bernanke Running Out of Adjectives Cycle Spreads via Safehaven / Chris Wilson

McDonald's reports rare fall in domestic sales figure AP via Houston Chronicle

Tuesday’s Analysis / Marty Chenard

Oil falls to $73 on dollar, weak sentiment Reuters / Alex Lawler

Gold falls 1.2 percent as dollar strengthens Reuters / Jan Harvey

German Industrial Production Unexpectedly Declines Bloomberg / Frances Robinson

Canada's central bank leaves key rate unchanged AP via Houston Chronicle / Rob Gilllies

Which countries' children have the worst teeth? Economist

Bernanke Low Rates ‘Poison’ to U.S. Economy, Xie Says Bloomberg / Shamim Adam

Bernanke reappointment dashes our vision of hope Marketwatch / Paul B. Farrell

Bernanke Signals Fed Will Maintain Its Outlook for Low Rates Bloomberg / Craig Torres

Is the Great Moderation Over? An Empirical Analysis pdf Federal Reserve Bank of Kansas City / Todd E. Clark

Debt Raters Avoid Overhaul After Crisis NY Times / David Segal

Treasuries Are Little Changed as Global Economic Revival Slows Bloomberg / Wes Goodman

Job-hopping reined in for young Americans FT / Samantha Pearson

Employers in U.S. Plan to Boost Payrolls, Manpower Survey Shows Bloomberg / Shobhana Chandra

The roller-coaster decade Marketwatch / Irwin Kellner

U.S. struggles pale when compared to Britain's woes Marketwatch / David Weidner

What is 'woman's work' really worth? Marketwatch / Ruth Mantell

Obama Targets Job Creation With No ‘Silver Bullet’ Available Bloomberg / Nicholas Johnston and Roger Runningen

Bank of Korea Sees ‘Illusion’ in Gold, No Cash Return Bloomberg / Kim Kyoungwha

19 companies hurt by bear market regain large-cap status USA Today / Matt Krantz

Yen Advances as Signs of Slowing Recovery Spur Safety Demand Bloomberg / Yasuhiko Seki and Ron Harui

Millions in U.S. Drink Dirty Water, Records Show NY Times / Charles Duhigg

Gold Isn’t the Best Protection Against Inflation Bloomberg / Matthew Lynn

Most Asian Stocks Drop on U.S. Growth Concern; Honda Falls Bloomberg / Jonathan Burgos

Japan’s Current-Account Surplus Widens on Stimulus Bloomberg / Toru Fujioka and Aki Ito


Politicians can't do much to restart the economy Baltimore Sun / Jay Hancock

Long-Term Tax-Exempts Gain as Build America Bonds Sap Supply Bloomberg / Jeremy R. Cooke

SIFMA Issues Report on Findings from Municipal Securities Issuance Survey SIFMA

State Revenue ‘Nightmare’ Seen in New Budget Gaps, Report Says Bloomberg / Dunstan McNichol

Economist Mark Zandi: On stimulus, jobs, state finances, inflation and the year ahead / Stephen C. Fehr

Stocks gain as dollar falls CNN / Alexandra Twin

Oil falls more than 2 percent on U.S. product builds Reuters / Rebekah Kebede

Investment choices seen tougher in 2010 Reuters / Ros Krasny

October wholesale inventories rise unexpectedly AP via Seattle Times / Martin Crutsinger

Honesty and Ethics Poll Finds Congress’ Image Tarnished Gallup / Lydia Saad

Low rates, silly banks and the next bubble Reuters / James Saft

Keys to Successful Neighborhood Stabilization Federal Reserve Board / Elizabeth A. Duke

Gross Set for Record Book as Manager of Biggest Fund in History Bloomberg / Charles Stein

Greek Bonds Slide as Fitch Says Government Doesn’t Grasp Crisis Bloomberg / Matthew Brown

Forecasters see slow economic recovery San Francisco Chronicle / Tom Abate

Wednesday’s Analysis / Marty Chenard

U.S. Stocks Advance as Weaker Dollar Lifts Commodity Producers Bloomberg / Elizabeth Stanton

Gold rises 1 percent as dollar turns lower Reuters / Jan Harvey

An inconvenient Oscar Denver Post / Al Lewis

Obama Not Cutting It On The Economy Forbes / Dan Gerstein

CO: Metro Denver housing sales surge 23 percent in November Denver Post / Margaret Jackson

Mortgage applications jump 8.5% as interest rates tick up AP via USA Today

CA: 20% of families in Bay Area struggling San Francisco Chronicle / Tom Abate

Reviewing the fleets Economist

Jobs Lost in Great Recession May Be Gone Forever Bloomberg / Caroline Baum

Charities turn to new tactics to raise funds in tough times Marketwatch / Marshall Loeb

Bad Deals by Local Governments Geithner Can’t Do Bloomberg / Joe Mysak

Bond funds are most popular among top-performing advisers Marketwatch / Mark Hulbert

Treasury Two- to 30-Year Spread at 17-Year High Before Auctions Bloomberg / Wes Goodman

Action on job proposals may wait till next year Washington Post / Ben Pershing

Gold futures fall as much as $12 on Globex Marketwatch / Myra P. Saefong

Pimco Says ‘Fear Not,’ Weak Dollar Will Spur Growth Bloomberg / Wes Goodman and Garfield Reynolds

Recession weighs on Americans' waistlines McClatchy via Chicago Tribune

Americans Grow More Pessimistic on Economy, Nation’s Direction Bloomberg / Mike Dorning and Rebecca Christie

Pimco Says ‘Fear Not,’ Weak Dollar Will Spur Growth Bloomberg / Wes Goodman and Garfield Reynolds

Euro Falls on Concern More European Ratings Will Be Lowered Bloomberg / Ron Harui and Daniel Kruger

Japan’s Economy Grew 1.3% Last Quarter, Revised Figures Show Bloomberg / Keiko Ujikane and Tatsuo Ito



When good news is bad news Economist

Eurozone bond markets take heed FT / David Oakley

Bond prices fall on fears UK is next for credit rating cut Guardian / Katie Allen

Airplane Thoughts Northern Trust via Safehaven / Paul Kasriel

Over for gold? Not so fast Marketwatch / Simon Constable

Is The IRS Coming To Audit You? Forbes / Michael Tonkovic

Federal budget deficit for November hits $120.3B AP via San Diego Union Tribune / Martin Crutsinger

Costco Q1 Profits Flat; Membership Fees Rise Dow Jones via

State budgets: $28 billion short this year / John Gramlich

Envisioning a Future for Housing Finance Federal Reserve Board / Elizabeth A. Duke

Treasury Yield Curve Steepest Since at Least 1980 After Auction Bloomberg / Cordell Eddings and Susanne Walker

Bad or good news could cause market trouble NY Post / John Crudele

VIX May Double in ’10 as Stock Gain Slows, David Rosenberg Says Bloomberg / Rita Nazareth

U.S. Stocks Advance After Economic Data Points to Recovery Bloomberg / Mary Childs and Elizabeth Stanton

Gold turns lower as dollar recovers losses Reuters / Jan Harvey

Oil drops for 7th session on demand concerns Reuters / Rebekah Kebede

Household Wealth in U.S. Rises, Revisions Show Plunge Bloomberg / Bob Willis

Downturn keeping Americans' wanderlust in check Washington Post / Carol Morello

Thy Brother's Lender Forbes / Steven Abrahams

Mortgage rates climb off record lows; 30-year averages 4.81% Reuters via USA Today

California Tax Collections Drop $33 Million in November Bloomberg / William Selway

The price of a puff Economist

U.S. Corporate Credit Risk Falls to Lowest in Almost Two Months Bloomberg / John Detrixhe

U.S. Treasuries Decline Before $13 Billion 30-Year Bond Sale Bloomberg / Susanne Walker and Paul Dobson

New jobless claims rise more than expected to 474,000 AP via Houston Chronicle

US trade deficit narrows as exports surge to highest level in nearly a year; oil imports dip AP via Chicago Tribune / Martin Crutsinger

Thursday’s Analysis / Marty Chenard

Panasonic to buy 50.2 pct stake in Sanyo for $4.6 billion AP via Houston Chronicle

Obama accepts peace prize, defends "just wars" Reuters / Ross Colvin and Wojciech Moskwa

President Obama's speech at Nobel ceremony Reuters

Coupon use: Consumers hunt savings online, increasing usage for first time since 1992 Chicago Tribune / Sandra M. Jones

Trade Deficit in U.S. Probably Widened as Imports Increased Bloomberg / Courtney Schlisserman

No agreement on what the Santa Claus Rally involves Marketwatch / Mark Hulbert

U.S. Foreclosures to Reach 3.9 Million in Second Record Year Bloomberg / Dan Levy

Wells Fargo Cuts as Much as 30 Percent in Principal From Loans Bloomberg / Dakin Campbell

Leave Markets to Themselves Lew Rockwell / Don Cooper

A Testy Exchange at White House Over Jobs Proposals NY Times / Jackie Calmes

Over for gold? Not so fast Marketwatch / Simon Constable

Yen Weakens on Signs of Global Recovery, Easing Risk Aversion Bloomberg / Yasuhiko Seki

Australian Employment Soars for Third Straight Month Bloomberg / Jacob Greber

Treasuries Little Changed Before $13 Billion 30-Year Debt Sale Bloomberg / Theresa Barraclough

Australian Dollar Strengthens After Employment Rate Declines Bloomberg / Candice Zachariahs

South Korea’s Central Bank May Keep Key Interest Rate at 2% Bloomberg / Seyoon Kim and Cesilia Han

Japan Machinery Orders Decline as Companies Cut Costs Bloomberg / Keiko Ujikane and Tatsuo Ito


States, locals have spent a quarter of stimulus funds / Stephen C. Fehr

Play Defense, Not Offense Forbes / Robert Lenzner

U.S. bank failure tally reaches 133 CNN / Ben Rooney

Small businesses on hold Houston Chronicle / Loren Steffy

NC: Area home prices see first uptick in 2 years Charlotte Observer / Stella M. Hopkins

Household wealth rises but still far below peak AP via Tennessean / Daniel Wagner and Dave Carpenter

Junk-Grade Borrowers Cut Debt Costs Refinancing Loans Bloomberg / Emre Peker

Treasury 10-Year Notes Fall for Second Week After Retail Sales Bloomberg / Susanne Walker

NV: For a dozen area ZIP codes, home prices plummet again Las Vegas Sun / Brian Wargo

Lockhart Says Housing May Take ‘Another Leg Down’ Bloomberg / Brian Louis and Carol Massar

U.S. Michigan Consumer Sentiment Index Rose to 73.4 Bloomberg / Vincent Del Giudice

Dow, S&P end higher on upbeat data Reuters

"Cash for caulkers" is just the latest economic clunker St. Louis Post Dispatch / David Nicklaus

White House says Republicans "rooting against" recovery Reuters / Matt Spetalnick

IRS hires "hundreds" for new wealth unit Reuters / Kim Dixon

House passes major bill to stiffen Wall Street rules, aiming to head off new financial crisis AP via Chicago Tribune / Jim Kuhnenn

Health Bill Won’t Curb Spending in First 10 Years, Study Says Bloomberg / Catherine Dodge

Oil settles below $70 for first time since October AP via Houston Chronicle / Chris Kahn

Spain Says Adios to Xmas as 19% Jobless Hits Spending Bloomberg / Emma Ross-Thomas

The Overstimulated Economy Forbes / Bruce Bartlett

Friday’s Analysis / Marty Chenard

Retail Sales in U.S Increase More Than Forecast Bloomberg / Bob Willis

Oil hovers above $70; near two-month low Reuters / Emma Farge

Gold gives up gains as U.S. data lifts dollar Reuters / Jan Harvey

A Flat Sales Tax? Forbes / Joshua Zumbrun

Tax-Exempt Muni Bond Sales Rise 64%, Led by More Refinancing Bloomberg / Jeremy R. Cooke

Treasury Notes Are Little Changed After Yield Curve Steepens Bloomberg / Wes Goodman

The Crystal Meth Economy Lew Rockwell / David Calderwood

U.S. Retail Sales Probably Rose for Third Time in Four Months Bloomberg / Bob Willis

Why many home-price measures may be misleading Marketwatch / Lew Sichelman

Oracle seen posting profit gain despite flat sales Marketwatch / John Letzing

A Tax at Every Turn NY Times / Catherine Rampell

Oil rises near $71; strong China data supports Reuters via Guardian / Ramthan Hussain

Asian Stocks Advance on China Industrial Production, U.S. Jobs Bloomberg / Masaki Kondo

China Factory Output Rises 19.2%, More Than Forecast Bloomberg


Nations' mounting debts worry global investors Washington Post / Anthony Faiola

Treasury Yield Curve Steepens to Highest Since 1980 Amid Sales Bloomberg / Cordell Eddings

Canada's economic engine revs up, driving recovery; and hope Globe and Mail / Susan Krashinsky, Greg Keenan and Jeremy Torobin

Economic reports stir recovery hopes AP via Washington Times / Martin Crutsinger and Anne D'Innocenzio

Can Obama bully the bankers? CNN / Colin Barr

Obama blasts banks for opposing financial overhaul AP via Seattle Times / Darlene Superville

Senate Democrats kill GOP bid to filibuster $1.1 trillion spending bill in rare Saturday vote AP via Minneapolis Star Tribune / Andrew Taylor

U.S. Stocks Gain on Signs Economic Recovery Is Strengthening Bloomberg / Nick Baker and Mary Childs

Dollar Rises to Two-Month High on Signs Recovery Gains Momentum Bloomberg / Ben Levisohn and Ye Xie



FHA is taking a risky road St. Louis Post Dispatch / David Nicklaus

All eyes on the Fed CNN / Alexandra Twin

Production, Home Starts Probably Climbed: U.S. Economy Preview Bloomberg / Bob Willis

Pieces for solid 4th quarter falling into place Marketwatch / Greg Robb

Ugg(h)! What's with the empty shelves? Minneapolis Star Tribune / Jackie Crosby

Greenspan Sees Jobs Rebound as Stretched Companies Boost Output Bloomberg / Mike Dorning

Interest Rates Are Low, but Banks Balk at Refinancing NY Times / David Streitfeld

Short sales rise as banks start approving them in lieu of foreclosures Bloomberg via Denver Post / John Gittelsohn and Margaret Collins

Can Nokia Recapture Its Glory Days? NY Times / Nelson D. Schwartz

Southwest thrives on policy of free checked bags USA Today / Charisse Jones

Democrats, Lieberman List Demands for Backing U.S. Health Bill Bloomberg / Greg Stohr

Tax Cuts Might Accomplish What Spending Hasn’t NY Times / N. Gregory Mankiw

White House economic adviser says job creation is top priority, then tackling budget deficit AP via Chicago Tribune

Republicans play up Democratic health care rifts AP via Philadelphia Inquirer

Senate to vote on $1.1 trillion spending bill AP via Seattle Post Intelligencer / Andrew Taylor

Naughty Funds Get Lumps Of Coal Marketwatch via Fox News / Chuck Jaffe

MN: Minnesota feels pinch of pay cuts Minneapolis Star Tribune / Dee Depass

UK: Fiscal credibility is on a knife edge and this spring could be nasty indeed Independent / Hamish McRae


Nightmare scenarios haunt states / Daniel C. Vock

Fed is expected to leave rates at record low this week to help recovery gain traction AP via Minneapolis Star Tribune / Jeannine Aversa

Bernanke's 2nd term could be as tough as first Washington Times / David M. Dickson

Is the Recession Over? The Debate Continues Fox Business / Mark Lieberman

Housing bust's aftershocks hurt Rockies region USA Today / Haya El Nasser

Fight with Obama? What fight? Minneapolis Star Tribune / Chris Serres

White House Set to Select Illinois Prison for Terror Detainees Bloomberg / John McCormick

The Fed's Money Monopoly Texas Straight Talk via Safehaven / Ron Paul

Thoughts on Fed's Exit Strategy: Stephen Roach vs. Mish Mish’s Global Economic Trend Analysis via Safehaven / Mike Shedlock

Equities Will Outperform Corporate Bonds in 2010, BofA Says Bloomberg / Gabrielle Coppola

Junk Bond Sales Set U.S. Record as Buyers Return Bloomberg / Sapna Maheshwari and John Detrixhe

Why Japanese Bonds Yielding 1.3% Offer Highest Return Bloomberg / Wes Goodman

Metro Detroit home sales up 22.6% in November Detroit Free Press / Greta Guest

Bankers In The White House Woodshed Forbes / Brian Wingfield and Liz Moyer

Wall Street jumps to 14-month highs CNN / Alexandra Twin

EU signals could OK Oracle deal with no sell-off AP via San Francisco Chronicle / Aoife White

House Bill Would Cap Credit-Card Rates at 16 Percent Bloomberg / Jeff Plungis

Fall in short positions bodes well for dollar FT / Peter Garnham

Oil slumps for ninth straight day AP via Houston Chronicle

Stocks Rise, Default Swaps, Dollar Drop Following Dubai Bailout Bloomberg / Michael Patterson and Chua Kong Ho

Monday’s Analysis / Marty Chenard

Oil slips below $70, falls for 9th day Reuters / Alex Lawler

Fastest Food Inflation Since Riots Means Milk Up 39% Bloomberg / Alan Bjerga, Madelene Pearson and Yi Tian

The US Economy is Looking Very Sick Indeed Brookes News via Safehaven / Gerard Jackson

Neighborly Move Bails Out Dubai Forbes / Parmy Olson

Yen Favored for Carry Trades as Japan Faces Deflation Bloomberg / Oliver Biggadike and Theresa Barraclough

Gulf leaders gather to discuss creating common currency AP via USA Today

The daily drudge Economist


Ignoring The Numbers Forbes / Matthew Craft

Distressed debt on the wane in US markets FT / Henny Sender

Soldier Field bonds downgraded Chicago Tribune / Kathy Bergen

Miami Herald asks online readers for donations AP via Seattle Post intelligencer / Sarah Larimer

Administration is doing the opposite of creating jobs Marketwatch / Irwin Kellner

What a difference a year will make Marketwatch / Andrea Coombes

Bernanke Says ‘Slack’ Will Keep U.S. Inflation Low Bloomberg / Scott Lanman

Fed will hike rates - in 2011 CNN / Chris Isidore

U.S. 10-Year Yield Most Since August as Prices Rise, Fed Meets Bloomberg / Cordell Eddings

Treasurys decline as data shows economy in recovery Marketwatch / Deborah Levine

Yield Curve Risks ‘Short Term’ Narrowing: Technical Analysis Bloomberg / Liz Capo McCormick

Mortgage Originations to Fall 16% in 2010 as Stimulus Ends Bloomberg / Kathleen M. Howley

Foreclosure buyer demand dips as supply mounts Reuters / Lynn Adler

Gold futures drop as Fed policy comes into focus Marketwatch / Nick Godt

Wall Street breaks win streak CNN / Alexandra Twin

Adobe Beats Profit Estimates After Trimming Workforce Bloomberg / Rochelle Garner

GE sees flat 2010, to invest in core businesses Reuters via Yahoo / Scott Malone

House to vote on jobless benefit extension CNN / Tami Luhby

Twelve-Trillion-Dollar Lessons From Saving The Fat Cats Forbes / Robert Lenzner

Seven Looming Financial Bubbles Forbes / David K. Randall and Asher Hawkins

More pain from the Cash for Clunkers program NY Post / John Crudele

Global Demand for U.S. Assets Weakened in October Bloomberg / Vincent Del Giudice

The Recession Is Over--No Thanks To Stimulus Forbes / Brian S. Wesbury and Robert Stein

Congress' Year-End Scramble Forbes / Brian Wingfield

Industrial Production in U.S. Rose 0.8% in November Bloomberg / Bob Willis

Producer Prices in U.S. Climbed More Than Forecast Bloomberg / Timothy R. Homan

Oil rises above $70 on cold spell after 9-day fall Reuters / Chris Baldwin

Tuesday’s Analysis / Marty Chenard

Best Buy Says Margin Will Be Lower Than Anticipated Bloomberg / Mark Clothier

Who is most reluctant to leave the parental home? Economist

Fed’s Road to Neutral Is Riddled With Potholes Bloomberg / Caroline Baum

Fed May Delay Tightening Next Year as Congress Debates Powers Bloomberg / Scott Lanman and Steve Matthews

Bearish on bonds Marketwatch / Mark Hulbert

Treasury Yields at Four-Month High Before Manufacturing Report Bloomberg / Wes Goodman

California May Look Abroad to Sell Bonds as Sales Get ‘Harder’ Bloomberg / William Selway and Michael B. Marois

Poll Reveals Depth and Trauma of Joblessness in U.S. NY Times / Michael Luo and Megan Thee-Brenan

S&P 500 to Climb to 1,350 Next Year, Prudential’s Praveen Says Bloomberg / Shiyin Chen and Susan Li

Immigration bill backers try again despite jobless rate Washington Times / Stephen Dinan

U.S. red ink flirts with crisis, panel warn Washington Times / David M. Dickson

Obama takes new 'Just War' doctrine to Copenhagen? Marketwatch / Paul B. Farrell

Recession Repeat Lurks Without White House Truce Bloomberg / Amity Shlaes

Fannie, Freddie Overseer Said to Consider Seeking More U.S. Aid Bloomberg / Dawn Kopecki

Oil steady under $70 after 9 straight days of falls Reuters via Guardian / Jennifer Tan

Hedge Funds Hold More Appeal Than Their Managers Bloomberg / Matthew Lynn

Australia: Unprecedented Rate Increases Give RBA ‘Flexibility’ Bloomberg / Jacob Greber

Australian Economy Probably Grew on Rudd’s Spending Bloomberg / Jacob Greber and Dan Petrie