Thursday November 1 Housing and Economic stories

Best sources of housing and financial news stories (with no spin):
· http://patrick.net/housing/crash.html (Patrick.net US Housing Crash Continues)
· http://www.bullnotbull.com/bull/
· http://www.prudentbear.com/
· http://www.safehaven.com/
· http://www.jasmts.com/readingRoom.php (Jim Shepherd Investment Strategist)
· http://globaleconomicanalysis.blogspot.com/ (Mish’s Global Economic Trend Analysis)


Housing and Economic News:

Federal Reserve Lowers Benchmark Rate by a Quarter Point to 4.5 Percent - Bloomberg (10/31/2007 01:23 PM)
Bernanke, in First Crisis, Rewrites Fed Playbook - WSJ ($) (10/31/2007 05:15 AM)
U.S. Economy Grew at a 3.9% Annual Rate in Third Quarter - Bloomberg (10/31/2007 08:37 AM)
ADP Employer Says U.S. Added 106,000 Jobs in October - Bloomberg (10/31/2007 08:37 AM)
States look to sales tax for funds - USA Today (10/31/2007 08:41 AM)
Chicago Purchasing Index Dropped to 49.7 in October - Bloomberg (10/31/2007 11:12 AM)
America's big, fat housing inventory - Business Week (10/31/2007 05:49 AM)
U.S. employment costs up 0.8% in third quarter - Market Watch from Dow Jones (10/31/2007 08:40 AM)
Fed Seeks to Be `Nimble' as Spending, Housing Signs Diverge - Bloomberg (10/31/2007 05:26 AM)
Greenspan warns of further pain for US property prices - UK Guardian (10/31/2007 05:36 AM)
Drop in Southern California home prices outpaces nation - LA Times (10/31/2007 05:53 AM)
Defaults in U.S. on Insured Home Mortgages Jumped 22 Percent in September - Bloomberg (10/31/2007 08:02 AM)
UBS Hit By Subprime - N.Y. Post (10/31/2007 08:31 AM)
Ex-Chief of S.E.C. Says Pension Funds in Danger - NY Times (10/31/2007 05:36 AM)
Falling dollar could push gold to record high - FT (10/31/2007 10:21 AM)
Money funds feel need to reassure investors - WSJ (10/31/2007 08:58 AM)
Fall in ABX sparks fresh credit fears - FT (10/31/2007 09:31 PM)
Office-Space Market Shows Signs of Slowing - WSJ ($) (10/31/2007 05:18 AM)
Commercial Loans Suffer - WSJ ($) (10/31/2007 05:19 AM)
Washington Mutual Shows Mortgage Mess Isn't Over: Jonathan Weil - Bloomberg (10/31/2007 05:29 AM)
Rangel Offering Broad Tax Plan, and Big Target - NY Times (10/31/2007 05:30 AM)
Hong Kong Sells HK$6.2 Billion to Defend Dollar Peg - Bloomberg (10/31/2007 05:43 AM)
Cheyne Finance deal in doubt - FT (10/31/2007 05:46 AM)
Pensions may be outsourced - LA Times (10/31/2007 04:51 AM)
Labour shortages could hit oil supply - FT (10/31/2007 10:38 AM)
Target's audience comes up short - Chicago Tribune (10/31/2007 04:56 AM)
More white-collar job cuts at Chrysler - CNN/Money (10/31/2007 08:54 AM)
Commodities Won't Save Wall Street - TheStreet.com (10/31/2007 08:38 AM)
US earnings rush ‘counterproductive’ - FT (10/31/2007 09:32 PM)
US Steel 3Q profit drops nearly 36% - Chicago Tribune (10/31/2007 04:54 AM)
FCC could give renters TV choice - Philly Inquirer (10/31/2007 05:00 AM)
Alcatel-Lucent Deepens Job Cuts, Posts Quarterly Loss - Bloomberg (10/31/2007 05:27 AM)
Chrysler set to axe models - FT (10/31/2007 09:38 PM)
P & G says it plans an increase in prices - LA Times (10/31/2007 04:53 AM)
European Inflation Accelerates to 2-Year High, Confidence Drops - Bloomberg (10/31/2007 05:28 AM)
India, China Face Fallout as U.S. Cuts Interest Rates - Bloomberg (10/31/2007 05:44 AM)
U.K. Housing Market Teeters on Edge of Northern Rock in Capital Gone Awry - Bloomberg (10/31/2007 05:32 AM)
BOJ Cuts Inflation, Growth Outlook; Policy Unchanged - Bloomberg (10/31/2007 05:40 AM)
Japan's Housing Starts Slump to a Four-Decade Low - Bloomberg (10/31/2007 05:45 AM)
Japan will no longer refuel US warships in Indian Ocean - AP (10/31/2007 09:09 AM)


From http://patrick.net/housing/crash.html

The Mega Bunker US Embassy of Iraq (www.bullnotbull.com/bull )
Mukasey Unsure if Waterboarding is Torture (www.bullnotbull.com/bull )
* Ben: Time to Stand Up to Wall Street * (www.bullnotbull.com/bull )
Danger of US Recession Looms (www.bullnotbull.com/bull )
The $915 Billion Bomb in Consumers Wallets (www.bullnotbull.com/bull )
No End to US War Budget Woes (www.bullnotbull.com/bull )
Dollar Fresh Lows (www.bullnotbull.com/bull )
Why This 'Bernanke Put' Could Make for the Scariest Halloween Ever (www.bullnotbull.com/bull )
Buffett: I Should Pay More Taxes (www.bullnotbull.com/bull )
Economy Grew 3.9% in the 3rd Quarter (www.bullnotbull.com/bull )

U.S. House Prices Go From Bad To Worse (seekingalpha.com)
Defaults on Insured House Mortgages Rise 22 Percent (bloomberg.com)
On Shaky Ground in California (washingtonpost.com)
Calif. 26th in housing misery; Miss. is worst (lansner.freedomblogging.com)
Culver City Pricing Dysfunction! (doctorhousingbubble.com)
How the housing crash looks in South Florida (eyeonmiami.blogspot.com)
Ten Cities with the Most Houses for Sale (images.businessweek.com)
Federal House Loan Banks Act As Lender Of Last Resort (immobilienblasen.blogspot.com)
Rate cut unlikely to fix housing woes (news.yahoo.com)
Which Comes First: The Cart or the Horse? (Mish)
The bonfire of subprimes (news.yahoo.com)
Builder going bankrupt, homeowners on their own (9news.com)
Washington Mutual Shows Mortgage Mess Isn't Over (bloomberg.com)
Paulson Says U.S. Hasn't Hit Bottom Yet in Housing (bloomberg.com)
Greenspan warning for US economy (hindu.com)
Peter Schiff vs Rabid Realtor (housingdoom.com)
Ron Paul On Tonight Show (housingpanic.blogspot.com)