Friday November 23 Housing and Economic stories

Housing and Economic News:

Dow Theory Sell Signal Triggered With Wednesday's Decline - (www.bullnotbull.com/bull)

Liquidity Pump Runs Dry – (http://globaleconomicanalysis.blogspot.com/)
Huge Treasury Rally Underway: Where To From Here? – (http://globaleconomicanalysis.blogspot.com/)
How Much Will The Credit Crunch Cost? – (http://globaleconomicanalysis.blogspot.com/)
Slamming on the brakes in China – (http://globaleconomicanalysis.blogspot.com/)
Desperation at GMAC – (http://globaleconomicanalysis.blogspot.com/)
European Interbank Covered Bond Trading Halted – (http://globaleconomicanalysis.blogspot.com/)
Citibank SIVs Hit Norway Townships – (http://globaleconomicanalysis.blogspot.com/)
Bankruptcy Rumors at Countrywide – (http://globaleconomicanalysis.blogspot.com/)
SIV Debts A Disaster For Public School Funds – (http://globaleconomicanalysis.blogspot.com/)
Freezing Mortgage Rates Will Fail– (http://globaleconomicanalysis.blogspot.com/)


Wall St set to end week on bright note - (www.ft.com)
US investors returned from Thanksgiving in a more charitable mood as stock indices rebounded from Wednesday’s losses, investor attention turned to the retail sector on ‘Black Friday’ and E-Trade soared on sales talk - 15:33
Dollar tumbles to record low against euro - (www.ft.com)
Vedanta bid talk adds weight to FTSE rally - (www.ft.com)
Banks and drugs boost European stocks - (www.ft.com)
Asian stocks mixed as dollar sinks - (www.ft.com)
Getty
Shoppers wait outside Toys R Us at Times Square in New York before store opening. 'Black Friday' - the day after Thanksgiving - is traditionally the busiest day of the year for US retailers

Goldman aims to raise $6bn for hedge fund - (www.ft.com)
Bank looks to rebuild battered reputation - 22:00
Goldman takes 10% stake in CMC

Temasek to lower investment profile
Will avoid investing in ‘iconic’ foreign companies - 09:56
Investors cool to US multinationals - (www.ft.com)
Growing pessimism over export-led recovery - 22:00
Dollar tumbles to record low against euro - (www.ft.com)
ECB expresses concern over euro’s strength - 11:52
China voices alarm at dollar weakness - (www.ft.com)
Three strikes and they lose web access - 22:02
China joins FBI in piracy operation - (www.ft.com)
Eurozone growth hit by services slowdown - (www.ft.com)
Trichet warns banks face ‘material test’ - 11:46
Europe’s property sector hit hardest - (www.ft.com)


E-Trade Financial Holding Talks With Possible Buyers
E-Trade Financial, the beleaguered online trader, is in talks to sell itself, according to people familiar with the situation. Bankers say that while there is plenty of interest, it is far from clear whether anything will get done.

Shoppers Jam Stores, Giving Cheer to Retailers
Retail Execs Upbeat as Holiday Shopping Kicks Off
Three U.S. Banks to Ask Others for Superfund Help
Greenspan: Housing Prices Haven't Bottomed Yet
H&R Block Gets $350 Million Funding for Subprime Unit
Oil Rises Above $97 as Dollar, OPEC Supplies Weigh
Dollar Recovers Slightly vs. Euro, Yen in Thin Volume
For the Birds: Working the Day After Thanksgiving
Slideshow: The Hottest Electronics This Holiday Season



From http://www.prudentbear.com

Gold Rises in London and New York as Dollar Declines to Record - Bloomberg (11/23/2007 08:46 AM)
U.S. Stocks Rise; Wal-Mart, General Electric, Citigroup Gain - Bloomberg (11/23/2007 09:56 AM)
Insurers Shift Cost Burdens to Homeowners - NY Times (11/23/2007 05:21 AM)
Subprime mess may last into 2009 - Chicago Tribune (11/23/2007 05:30 AM)

FGIC May Get Capital After Natixis Rescues Bond Unit - Bloomberg (11/23/2007 05:12 AM)
In Reversal, Safe Is Risky, Risky Is Safe - NY Times (11/23/2007 05:23 AM)
Who’s Really Safe in the Mortgage Minefield? - NY Times (11/23/2007 08:35 AM)
Trading in derivatives slows to a trickle - FT (11/22/2007 09:21 PM)
Investors struggle to value complex credit assets - Reuters (11/23/2007 05:45 AM)
Tenants Pay as Landlords Default - WSJ ($) (11/23/2007 05:47 AM)
Buyout firms are selling -- a new image - LA Times (11/23/2007 05:28 AM)
Cracks appear all over Wall Street; bears may be prowling - USA Today (11/23/2007 05:46 AM)
Adams Square Funding I Is Forced to Liquidate - WSJ ($) (11/23/2007 05:51 AM)
Bearish Bets on NYSE Jump 3.8% - WSJ ($) (11/23/2007 05:52 AM)

Freddie Mac Risks Larger Declines Than Forecast, Moody's Says - Bloomberg (11/23/2007 07:25 AM)
Goldman aims to raise $6bn for hedge fund - FT (11/22/2007 08:57 PM)
Why Freddie's Loss Didn't Clear the Air - WSJ ($) (11/23/2007 05:49 AM)
Why Whole Foods Investors May Want to Shop Around - WSJ ($) (11/23/2007 05:50 AM)
Investors cool to US multinationals - FT (11/22/2007 09:13 PM)
Low dollar ‘threatens the life’ of Airbus - FT (11/22/2007 09:17 PM)
Loans R Us - Forbes (11/23/2007 05:50 AM)

U.K. Third Quarter Economic Growth Unexpectedly Slows - Bloomberg (11/23/2007 05:11 AM)
European Services Growth Slows on Higher Credit Costs - Bloomberg (11/23/2007 05:11 AM)
Eurozone split as bond spreads hit 6-year high - UK Telegraph (11/23/2007 06:07 AM)
Report: Japan Banks Hurt by Risky Loans - Forbes (11/23/2007 06:01 AM)



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

House Prices Decline in 17 US States (efinancedirectory.com)
CA had biggest US house-price drops (lansner.freedomblogging.com)
Prices down 11% for San Francisco Area (housingtracker.net)
Bay Area real estate symposium forecasts more gloom (sfgate.com)
CA sees record $5 billion in foreclosures (centralvalleybusinesstimes.com)
No Slowdown in Foreclosure Filings (promo.realestate.yahoo.com)
Choosing Foreclosure (newsweek.com)
ResCap Bank swaps imply 72 percent default risk (reuters.com)
Should banks be protected from their mistakes? (money.cnn.com)
Freddie Mac loses $2B, seeks new capital (news.yahoo.com)
Shadow Mortgage Bailout Already in Progress (efinancedirectory.com)
Builders trim outlook for recovery (money.cnn.com)
Mr. Yun, Listen to Mr. Stumpf (seekingalpha.com)
Appraisers say pressure is nothing new (floridarealtors.org)
Beware the Selling Machines (jenman.com.au)
The US economy is melting down (marketwatch.com)
The Federal Home Loan Banks to the Rescue! (mises.org)
Real Estate Listings Sites (patrick.net)
Angst Filled Nook (bp2.blogger.com)