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:
GM to Take $39 Billion Charge, Faces Challenges - (www.cnbc.com)
General Motors said it would book a $39 billion non-cash charge in the third quarter, reflecting the risk of a slower turnaround that could keep it from claiming expected future tax credits in key markets. GM will report third-quarter results on Wednesday.
GMAC Loses $1.6 Billion - (www.cnbc.com)
Oil Hits $98 on Weak US Dollar, Fears Winter Squeeze - (www.cnbc.com)
Wall Street Is Pressing Fed For More Rate Cuts - (www.cnbc.com)
Soros Forecasts 'Serious' US Economic Correction - (www.cnbc.com)
Microsoft Says It Fired Chief Information Officer - (www.cnbc.com)
US Lawmakers Slam Yahoo Chief Over China Dissident - (www.cnbc.com)
Hovnanian Says Housing Market Still Deteriorating - (www.cnbc.com)
Risk of securities fire sale mounts - (www.ft.com)
The threat of fire sales of mortgage-backed securities is mounting as rating agency downgrades have pushed complex debt vehicles into technical default
Threat of forced sales grows for CDOs - (www.ft.com)
Banks are braced for months of pressure - (www.ft.com)
Banks hit again as credit fears spread - (www.ft.com)
Jobs growth calms US recession fears - (www.ft.com)
GM to take $39bn earnings charge - (www.ft.com)
Difficult conditions in US and German operations
GM plans China ‘green’ research plant - (www.ft.com)
Failed buy-outs double to exceed $200bn - (www.ft.com)
More than double same period last year
Rockier route to buy-out success - (www.ft.com)
Oil and gold reach fresh highs - (www.ft.com)
Crude futures hit $98 in after hours trading
Global overview: Dollar slump boosts gold - (www.ft.com)
Ron Paul's Biggest Fundraising Day Every - Today, November 5! - (www.bullnotbull.com/bull)
US Government Claims No Privacy Rights for Email Under Constitution! - (www.bullnotbull.com/bull)
Pot Use in Britain Drops After Decriminalization - (www.bullnotbull.com/bull)
Stock Sell-off Crushes Financials, Home-builder ETFs - (www.bullnotbull.com/bull)
Citigroup CEO Quits, Bank May Face $11 Billion Writeoff - (www.bullnotbull.com/bull)
Bernanke Back on the Hot Seat - (www.bullnotbull.com/bull)
London Fears Another British Bank in Trouble - (www.bullnotbull.com/bull)
Copper Hits 8 Week Low - (www.bullnotbull.com/bull)
Sinking Currency, Sinking Country - (www.bullnotbull.com/bull)
Oil Shockwave! Wargame Scenario Simulation - (www.bullnotbull.com/bull)
Mish: Oil Hits $100 - Is This Deflation? - (www.bullnotbull.com/bull)
When Waterboarding Was a Crime - (www.bullnotbull.com/bull)
2007 Deadliest Year in US for Iraq - (www.bullnotbull.com/bull)
POLL: AMERICANS WANT CHANGE - (www.bullnotbull.com/bull)
Kucinich To Force House vote on Cheney Impeachment - TODAY - (www.bullnotbull.com/bull)
Markets Fear Banks Have $1 Trillion in Toxic Debt - (www.bullnotbull.com/bull)
'The Worst Crisis in 30 Years' - (www.bullnotbull.com/bull)
Beazer, Hovnarian Cancellations Up - Pink Slips Galore - (www.bullnotbull.com/bull)
Bill Gross: Fed Can't Afford to Let Housing Crack - (www.bullnotbull.com/bull)
Borrowers Face Dubious Charges in Foreclosures - (www.bullnotbull.com/bull)
Nordstrom Downgraded - Housing Related Pressues Seen - (www.bullnotbull.com/bull)
Fed's Miskin: 'Fed Must Be Ready to Take Back Cuts' - (www.bullnotbull.com/bull)
BW: The Persistent Credit Crunch - (www.bullnotbull.com/bull)
Citigroup on the Brink - (www.bullnotbull.com/bull)
Dollar Hits Another New Low - (www.bullnotbull.com/bull)
Bond Buyers Losing Confidence - (www.bullnotbull.com/bull)
It's a Bull Market! Crude Up 2% - Hits $96 - (www.bullnotbull.com/bull)
80% of US Adults Use the Internet - (www.bullnotbull.com/bull)
From http://www.prudentbear.com
A small step toward transparency - N.Y. Post , Crudele, (11/06/2007 08:16 AM)
Credit crunch claims more victims - TheStreet.com (11/06/2007 08:17 AM)
Cash-out refinancings lowest since Q1 '05-Freddie - Reuters (11/06/2007 04:40 PM)
Greenspan, King see more pain for banks, U.S. - Reuters (11/06/2007 05:26 AM)
Unclaimed money state's third-largest source of revenue - Stateline.org (11/06/2007 08:30 AM)
Foreclosure wave sweeps America - BBC (11/06/2007 10:01 AM)
Foreclosure boom costs cities, too - Minn ST (11/06/2007 05:12 AM)
Houston mayor gives polluters 6 months to clean - Houston Chronicle (11/06/2007 08:11 AM)
Why Street Bankers Get Away With Repeating Old Mistakes - WSJ ($) (11/06/2007 05:18 AM)
Risk of securities fire sale mounts - FT (11/06/2007 02:17 PM)
Unusual correlation points to investors flocking to beat risk: Davies - FT (11/06/2007 09:59 AM)
Traders hedge against oil topping $100 - FT (11/06/2007 02:04 PM)
Borrowers Face Dubious Charges in Foreclosures: Morgenson - NY Times (11/06/2007 05:28 AM)
Bond Buyers Are Losing Confidence - NY Times (11/06/2007 05:30 AM)
Are bond prices at risk? - TheStreet.com , Kass, (11/06/2007 08:23 AM)
Fed official warns on subprime strategy - FT (11/06/2007 10:08 PM)
Diesel hits a record $3.303 a gallon at the pump - LA Times (11/06/2007 04:53 AM)
Citigroup Writedowns May Be as Much as $13.7 Billion - Bloomberg (11/06/2007 04:35 PM)
Capital One Warns on Loan Chargeoffs - AP (11/06/2007 04:38 PM)
Citigroup Faces an Uncertain Future - Washington Post (11/06/2007 05:31 AM)
Hovnanian 4Q Deliveries Sink 19 Percent - AP (11/06/2007 05:45 AM)
Beazer Suspends Dividend - TheStreet.com (11/06/2007 08:21 AM)
Newspaper circulation dips 2.6% - Dallas Morning News (11/06/2007 04:58 AM)
ECB, After Hard Birth, Comes of Age in Crisis - WSJ ($) (11/06/2007 05:15 AM)
Australia Raises Interest Rate to 6.75% on Inflation - Bloomberg (11/06/2007 06:48 PM)
Alibaba nearly triples in Chinese IPO - CNN/Money (11/06/2007 08:34 AM)
King Says May Be Months Before Banks Reveal Losses - Bloomberg (11/06/2007 05:15 AM)
Japan's Leading Economic Index Drops to Decade-Low 0% - Bloomberg (11/06/2007 05:45 AM)
Markets fear banks have $1 trillion in toxic debt - Independent (11/06/2007 05:56 AM)
The Persistent Credit Crunch - Business Week (11/06/2007 05:59 AM)
Automated poker without dealers - NY Times (11/06/2007 08:25 AM)
From http://patrick.net/housing/crash.html
Less cheap credit will help housing market (themortgageprovideronline.com)
Keep Housing in the National Debates (doctorhousingbubble.com)
Schwarzenegger orders plan for 10% budget cuts (latimes.com)
Housing crisis tests GOP loyalties (latimes.com)
Realtor's Follies (paper-money.blogspot.com)
IndyMac Posts Loss, Morgan Stanley Writedown May Loom (bloomberg.com)
Soros sees "serious" correction (investing.reuters.co.uk)
US mortgage crisis: Readers' stories (news.bbc.co.uk)
Market squeeze not over yet (thetimes.co.za)
Banks Tightening Mortgage Standards (efinancedirectory.com)
The Credit Noose Continues to Tighten (seekingalpha.com)
Markets fear banks have $1 trillion in toxic debt (news.independent.co.uk)
Credit Bear Proven Right (money.cnn.com)
Lending Sentiment Drops Markedly (Mish)
Denver house prices, sales continue slide (denverpost.com)
House resales fall by 56% on Kauai (honoluluadvertiser.com)
Why the Fed Continues To Cut Rates (seekingalpha.com)
The Federal Reserve Is Scared Silly (thetrumpet.com)
Supermodel Bundchen Joins Hedge Funds Dumping Dollars (bloomberg.com)
Tuesday, November 6, 2007
Wednesday November 7 Housing and Economic stories
Monday, November 5, 2007
Tuesday November 6 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:
At Many Big Banks, Credit Woes Just Keep Growing - (http://www.cnbc.com/)
Citigroup's bombshell that it faces as much as $11 billion more in credit losses has made one thing clear: No one really knows what's hidden in the subprime bond basement.
Mortgage Losses May Hit $200 Billion - (http://www.cnbc.com/)
Citigroup Troubles Worsen As Stock Gets Slammed - (http://www.cnbc.com/)
Pimco's Gross: Subprime Crisis Is Far From Over - (http://www.cnbc.com/)
Fink Considers Merrill Lynch CEO Position - (http://www.cnbc.com/)
Fears intensify for prolonged turmoil - (http://www.bullnotbull.com/bull)
As big US and European banks come under pressure due to losses on US mortgage securities, fears are rising in the credit markets that the turbulence that has claimed the jobs of two of the biggest names on Wall Street could last well into next year
Bloodbath expected to claim more victims - (http://www.bullnotbull.com/bull)
Citi investors unimpressed by excuses - (http://www.bullnotbull.com/bull)
Auditors set for tough talks with clients - (http://www.bullnotbull.com/bull)
Bond issuance plunges amid credit fears - (http://www.bullnotbull.com/bull)
Ron Paul's Biggest Fundraising Day Every - Today, November 5! - (www.bullnotbull.com/bull)
US Government Claims No Privacy Rights for Email Under Constitution! - (www.bullnotbull.com/bull)
Pot Use in Britain Drops After Decriminalization - (www.bullnotbull.com/bull)
Stock Sell-off Crushes Financials, Home-builder ETFs - (www.bullnotbull.com/bull)
Citigroup CEO Quits, Bank May Face $11 Billion Writeoff - (www.bullnotbull.com/bull)
Bernanke Back on the Hot Seat - (www.bullnotbull.com/bull)
London Fears Another British Bank in Trouble - (www.bullnotbull.com/bull)
Copper Hits 8 Week Low - (www.bullnotbull.com/bull)
Sinking Currency, Sinking Country - (www.bullnotbull.com/bull)
Oil Shockwave! Wargame Scenario Simulation - (www.bullnotbull.com/bull)
Mish: Oil Hits $100 - Is This Deflation? - (www.bullnotbull.com/bull)
From http://www.prudentbear.com/
Unprecedented tightening in lending standards: Fed - Market Watch from Dow Jones (11/05/2007 01:49 PM)
Responsible borrowers upset over bailouts - CNN/Money (11/05/2007 10:57 AM)
Fed must be ready to take back cuts: Fed's Mishkin - Reuters (11/05/2007 08:12 PM)
Think home-price slide is over? The worst appears yet to come - San Diego UT (11/05/2007 05:16 AM)
Citigroup Default Swaps Rise to Record on Writedowns - Bloomberg (11/05/2007 09:35 AM)
Fitch May Downgrade Bond Insurers After New Test - Bloomberg (11/05/2007 04:30 PM)
Fears intensify for prolonged turmoil - FT (11/05/2007 04:49 PM)
Repercussions of mortgage products - TheStreet.com , Kass, (11/05/2007 08:47 AM)
Time to notice implosion in financials - N.Y. Post (11/05/2007 08:41 AM)
Jumbo loans still scarce in high-cost areas - Market Watch from Dow Jones (11/05/2007 05:25 AM)
Distressed bond insurers fears cross the Atlantic - FT (11/05/2007 08:12 PM)
Bond issuance plunges amid credit fears - FT (11/05/2007 08:14 PM)
Unusual price swings in credit derivatives - FT (11/05/2007 08:59 PM)
Investors braced for prolonged squeeze - FT (11/05/2007 09:01 PM)
Oil's Recent Rise Not as Familiar as It Looks - Washington Post (11/05/2007 05:23 AM)
Citi, Merrill: Caught without plan B - CNN/Money (11/05/2007 08:51 AM)
Managers of money funds may take the hit - LA Times (11/05/2007 08:56 AM)
Why Citi Struggles to Tally Losses - WSJ ($) (11/05/2007 04:41 AM)
Weill's Profit Machine Breaks Down on Citi Writedowns - Bloomberg (11/05/2007 05:00 AM)
H&R Block Finance Chief William Trubeck Steps Down - Bloomberg (11/05/2007 11:51 AM)
New car sales fall as buyers shun debt - WSJ ($) (11/05/2007 04:29 AM)
Bankers’ Lesson From Mortgage Mess: Sell, Don’t Hold - NY Times (11/05/2007 05:17 AM)
Northern Rock mortgage trade collapses - FT (11/05/2007 04:48 PM)
Wen warns China will do what it takes to rein in stock market - AFP (11/05/2007 05:18 AM)
BOJ Members Said Low Rates Caused Subprime-Loan Rout - Bloomberg (11/05/2007 05:20 AM)
Pakistan Stocks Slide Most in 16 Months on Coup Speculation - Bloomberg (11/05/2007 05:21 AM)
PetroChina first to reach $1,000bn cap - FT (11/05/2007 08:53 PM)
Qatar's Delta Drops 10.5 Billion-Pound Sainsbury Bid - Bloomberg (11/05/2007 05:02 AM)
Pressure on banks - FT (11/05/2007 08:51 AM)
From http://patrick.net/housing/crash.html
Foreclosure wave sweeps America (news.bbc.co.uk)
Worst of mortgage meltdown yet to come (centralvalleybusinesstimes.com)
Deadbeats get special treatment; Responsible punished (money.cnn.com)
Borrowers Face Dubious Charges in Foreclosures (nytimes.com)
Another Revealing Housing Chart (nakedcapitalism.com)
Treasury Secretary was CEO of Large Subprime Issuer (bloomberg.com)
Citigroup Fighting For Its Financial Life (Mish)
Chuck Prince Resigns : Replaced by a Parrot (Mish)
Another head rolls in U.S. lending debacle (theglobeandmail.com)
Subprime Contagion May Claim 10-Year Treasuries Next (bloomberg.com)
When Will Housing Hit Bottom? (finance.yahoo.com)
The Invisible Hand (financialsense.com)
Asian Stocks Slide on Subprime Losses (bloomberg.com)
BOJ Members Said Low Rates Caused Subprime-Loan Rout (bloomberg.com)
Housing glut hits home (journalgazette.net)
The Great Unraveling Begins (Charles Hugh Smith)
Why Mortgage Lenders Didn't Care About a Borrower's Ability to Pay (efinancedirectory.com)
Bankruptcy Reform: The Banks Got What They Wanted (nakedcapitalism.com)
Bankruptcy Reform Bites Back (businessweek.com)
Sunday, November 4, 2007
Monday November 5 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:
Video: This is What Waterboarding Looks Like - (www.bullnotbull.com/bull)
Now It's a 50 Year War in Iraq! - (www.bullnotbull.com/bull)
Obama Introduces Senate Resolution: No Authority to Bomb Iran - (www.bullnotbull.com/bull)
Disaster on the Dow - (www.bullnotbull.com/bull)
More Credit Crunch to Come - (www.bullnotbull.com/bull)
Fed Pumps $41 B into US Financial System - (www.bullnotbull.com/bull)
US Tourism Industry Suffers from America's Unwelcoming Stance<> - (www.bullnotbull.com/bull)
Goldman's Glaring Omission - (www.bullnotbull.com/bull)
Gold Regroups; Takes Aim at $800 - (www.bullnotbull.com/bull)
US Payrolls Rise Sharply - (www.bullnotbull.com/bull)
Google Now Fifth Most Valuable Company - (www.bullnotbull.com/bull)
From http://www.prudentbear.com
Yen Rises as Citigroup Writedown Prompts Carry Trade Reduction - Bloomberg (11/04/2007 07:51 PM)
Asian Stocks Slide on Subprime Concerns; Mitsubishi UFJ Falls - Bloomberg (11/04/2007 07:47 PM)
Oil falls on profit taking - Reuters (11/04/2007 07:44 PM)
Bernanke back on the Capitol Hill hot seat - Bloomberg (11/04/2007 05:44 AM)
California appraisers say they're pushed to inflate home prices - SF Gate (11/04/2007 09:12 AM)
Brakes on lending could be the new banking reality - FT (11/04/2007 10:31 AM)
Subprime Contagion May Claim 10-Year Treasuries as Next Victim - Bloomberg (11/04/2007 06:09 PM)
Credit meltdown the final straw for executives - FT (11/04/2007 06:10 PM)
What's the damage? Why banks are only starting to uncover their subprime losses - FT (11/04/2007 06:13 PM)
Gold closes above $800 for first time since 1980 - IHT (11/03/2007 07:05 AM)
Weaker property prices fuel derivatives - FT (11/04/2007 08:31 PM)
Double Squeeze for Homes - WSJ ($) (11/04/2007 09:02 PM)
Credit squeeze novella threatens to turn into a raw saga - FT (11/03/2007 06:55 AM)
Merrill, Citigroup Ills Spread Through Sector - Washington Post (11/03/2007 07:00 AM)
Fund of funds in $400m IPO plan - FT (11/04/2007 08:41 PM)
Citi Struggles to Calculate Losses - WSJ ($) (11/04/2007 07:59 PM)
Citigroup's Prince Quits as Stock Drops, Subprime Losses Climb - Bloomberg (11/04/2007 06:07 PM)
Citigroup Names Rubin as Chairman and Plans More Write-Downs - NY Times (11/04/2007 07:46 PM)
Tesco takes store wars to US - FT (11/04/2007 08:30 PM)
Boomer retirements could cripple middle management - Chicago Tribune (11/04/2007 08:56 PM)
Citigroup Chief Is Set to Exit Amid Losses - NY Times (11/03/2007 05:44 AM)
Ex-Treasury Chief to Fill In at Citigroup - NY Times (11/04/2007 05:45 AM)
More misery to come as heads roll in wake of US meltdown - UK Times (11/03/2007 06:58 AM)
China Struggles With Fuel Crunch - AP (11/03/2007 07:00 AM)
Back to gold and bonds for the future - UK Guardian (11/04/2007 07:52 PM)
Market jitters to hit high art costs - FT (11/04/2007 08:30 PM)
From
Scarcity, cost of jumbo mortgages portend big house-price drops (marketwatch.com)
California appraisers say they're pushed to inflate house prices (sfgate.com)
Wealthy Marin not immune to foreclosure crisis (marinij.com)
Jump in Foreclosures Could Hurt Prices (biz.yahoo.com)
Housing numbers still grim in CA Central Valley (modbee.com)
Conservator takes over Cal State 9 credit union (sfgate.com)
Florida foreclosures continue to rise (bizjournals.com)
A Tale of Two Houses (baglady.dreamhosters.com)
Conditions in the stricken US housing market worsen (business.timesonline.co.uk)
Mortgage-backed Bonds Defaulting (us.labs.reuters.com)
Analyst says WaMu faces taking back securitized mortgages (marketwatch.com)
U.S. Housing Inventory Climbs to Record Level, Prices Fall (efinancedirectory.com)
The bubble's necessary correction (latimes.com)
Japan's housing crash still hurts, 14 years later (news.com.au)
Mogul's advice to Realtors: Don't keep your day job (latimes.com)
How to time the real estate market (californiahousingforecast.com)
Rotten Neighbors (rottenneighbor.com)
San Francisco vs US Income (wikimedia.org)
Need fake income quick? (fakepaycheckstubs.com)
Thursday, November 1, 2007
Friday November 2 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:
They Have Got to be Kidding (by Peter Schiff – www.safehaven.com )
$2 Million Per Household Means Doom For Dollar (by Daniel Amerman – www.safehaven.com)
Question of Solvency at Citigroup (by Mike Shedlock, globaleconomicanalysis.blogspot.com )
Glaring Goldman Sachs Omission (by Jim Willie CB, Editor, Hat Trick Letter, November 1, 2007)
From
'Realtor to Stars' Is Slain on Fifth Avenue (nysun.com)Foreclosures up nearly 100 percent in third quarter (centralvalleybusinesstimes.com)
Foreclosures almost doubled from '06 (reuters.com)
Number of U.S. houses facing foreclosure doubles (usatoday.com)
Houseowners coming up short (dailybusinessreview.com)
Prisoners of Debt (businessweek.com)
Counselors stressed out by desperate clients (cnn.com)
8 Cities Record Largest Price Declines on Record (efinancedirectory.com)
More trouble ahead for credit markets (money.cnn.com)
The Next Worry: Bond Insurers (businessweek.com)
Question of Solvency at Citigroup (Mish)
$75 Billion Fund Is Seen as Stopgap (nytimes.com)
Fed Pumps $41B Into US Financial System (biz.yahoo.com)
Lenders in VA don't think Fed rate cut will help much (connectionnewspapers.com)
Falling interest rates weaken dollar and cost consumers more (marketwatch.com)
New York state sues Santa Ana mortgage appraisal firm (latimes.com)
Appraisers Pressured to Inflate Home Values, Cuomo Says (nytimes.com)
Real Estate and Organized Crime (patrick.net)
From http://www.prudentbear.com
Fed's Rate Cut Could Be Last For a While - WSJ ($) (11/01/2007 05:18 AM)
Foreclosure Filings Soar in 3rd Quarter - AP (11/01/2007 05:02 AM)
Fed May Be Finished Cutting Rates as Inflation Risk Increases - Bloomberg (11/01/2007 05:06 AM)
Fed Adds $41 Billion in Reserves, Most Since September 2001 - Bloomberg (11/01/2007 11:45 AM)
A Rate Cut, but a Sense It Stops Here - NY Times (11/01/2007 05:15 AM)
Fed Cuts, Signals Markets Don't Look for Another: John M. Berry - Bloomberg (11/01/2007 05:39 AM)
Foreclosures: Moving on up - CNN/Money (11/01/2007 08:55 AM)
Consumer Spending in U.S. Rose Less Than Forecast - Bloomberg (11/01/2007 08:26 AM)
Rate Cut No Cure-All for Homeowner - TheStreet.com , Kass, (11/01/2007 08:45 AM)
Chinese banks may hit US shores - CFO.com (11/01/2007 08:49 AM)
U.S. Economy: Manufacturing, Consumer Spending Slow - Bloomberg (11/01/2007 11:44 AM)
Appraisers Pressured to Inflate Home Values, Cuomo Says - AP (11/01/2007 08:34 PM)
Central banks should prick asset bubbles - FT (11/01/2007 09:13 PM)
Ambac Debt Cut by Gimme Credit; Shares Fall Most Ever - Bloomberg (11/01/2007 01:32 PM)
The Next Worry: Bond Insurers - Business Week (11/01/2007 02:57 PM)
Market insight: Prepare for the credit drama sequel: Tett - FT (11/01/2007 08:31 PM)
Investors try to keep up with rush of downgrades - FT (11/01/2007 11:13 AM)
More trouble ahead for credit markets - CNN/Money (11/01/2007 03:02 PM)
Contagion fears grow on subprime writedowns - Bloomberg (11/01/2007 08:30 PM)
$75 Billion Fund Is Seen as Stopgap - NY Times (11/01/2007 05:18 AM)
Citigroup May Cut Dividend, Raise Capital, CIBC Says - Bloomberg (11/01/2007 08:25 AM)
Shareholders Sue Countrywide CEO - N.Y. Post (11/01/2007 08:34 AM)
The costs of the credit crunch mount - Economist (11/01/2007 03:34 PM)
IRS Probes Hedge Funds, Buyout Firms for Possible Tax Abuses - Bloomberg (11/01/2007 05:04 AM)
Counselors feel crush of mortgage crunch - Business Week (11/01/2007 05:40 AM)
Seeking to end a share trading monopoly - FT (11/01/2007 09:20 PM)
Fidelity Investments Is Expected To Begin Layoffs - WSJ ($) (11/01/2007 05:21 AM)
Wildfires spotlight insurance-coverage issues - USA Today (11/01/2007 05:28 AM)
Analyst Raises Doubts About Citigroup Dividend - NY Times (11/01/2007 05:17 AM)
Exxon Mobil Profit Drops as Refining Margins Narrow - Bloomberg (11/01/2007 08:23 AM)
Radian posts $704 million net loss - Market Watch from Dow Jones (11/01/2007 02:06 PM)
GMAC Financial Loses $1.6B in 3Q - AP (11/01/2007 01:29 PM)
Post-Thanksgiving discounts begin early - LA Times (11/01/2007 05:04 AM)
Fed rate cut won't end banks' woes - Reuters (11/01/2007 05:15 AM)
Court ruling could save oil firms billions - Houston Chronicle (11/01/2007 08:30 AM)
Meyer, Others Resign From BoA - N.Y. Post (11/01/2007 08:32 AM)
Credit Suisse Profit Falls After Debt Market Swings - Bloomberg (11/01/2007 05:30 AM)
Citi executives sacked over credit turmoil - FT (11/01/2007 05:56 AM)
Housing Hit Hurts Diller's IAC Net - FT ($) (11/01/2007 08:33 AM)
Crocs Gets Stomped - TheStreet.com (11/01/2007 08:44 AM)
Ain't Seen Nothing Yet on Writedowns - TheStreet.com , Kass, (11/01/2007 08:47 AM)
Fidelity reported set to cut staff - CNN/Money (11/01/2007 08:56 AM)
Dexia Deals Blow To Investors - Forbes (11/01/2007 02:01 PM)
2008 drug sales: Slowest growth in 4 decades - CNN/Money (11/01/2007 03:19 PM)
Chrysler to cut 11,000 jobs - FT (11/01/2007 09:09 PM)
First American in mortgage fraud probe - FT (11/01/2007 09:18 PM)
Wal-Mart to carry $199 computer - Chicago Tribune (11/01/2007 05:06 AM)
Iceland Unexpectedly Raises Key Rate to Record 13.75% - Bloomberg (11/01/2007 05:12 AM)
China Raises Fuel Prices Amid Shortages - NY Times (11/01/2007 05:19 AM)
European Housing Market Will Stumble, Won't Crash: Mark Gilbert - Bloomberg (11/01/2007 05:39 AM)
Rising Prices Widen Gap Between Rich and Poor - Spiegel (11/01/2007 11:48 AM)
Beijing raises pump prices as shortages bite - FT (11/01/2007 09:14 PM)
As Interest rates do down, inflation goes up - N.Y. Post (11/01/2007 06:01 AM)
Easy Money - Forbes (11/01/2007 06:16 AM)
Thursday November 1 Housing and Economic stories
Best sources of housing and financial news stories (with no spin):
· http://patrick.net/housing/crash.html (Patrick.net US Housing Crash Continues)
· http://www.bullnotbull.com/bull/
· http://www.prudentbear.com/
· http://www.safehaven.com/
· http://www.jasmts.com/readingRoom.php (Jim Shepherd Investment Strategist)
· http://globaleconomicanalysis.blogspot.com/ (Mish’s Global Economic Trend Analysis)
Housing and Economic News:
Federal Reserve Lowers Benchmark Rate by a Quarter Point to 4.5 Percent - Bloomberg (10/31/2007 01:23 PM)
Bernanke, in First Crisis, Rewrites Fed Playbook - WSJ ($) (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
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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)
