Best Financial Stories for August 31, 2010

Real Estate
Home Prices in 20 U.S. Cities Rose More Than Forecast in June
http://noir.bloomberg.com/apps/news?pid=20601087&sid=a0NSyWScQMtc&pos=2

Case Sees ‘A Lot of Positive Stuff’ in Housing Data: Tom Keene
http://noir.bloomberg.com/apps/news?pid=20601087&sid=aLQFFyKRv2iY&pos=3

Psychological Stages of a RE Bubble Market
http://www.ritholtz.com/blog/2010/08/psychological-stages-of-a-bubble-market/


Report: Louisville among best cities for economic growth potential
http://www.bizjournals.com/louisville/stories/2010/08/30/daily11.html?ana=e_du_pub

Metro Rankings
http://assets.bizjournals.com/cms_media/louisville/pdf/BFJulAug10_METRO_RANKINGS.PDF

UF: Floridians still pessimistic about economy
http://www.bizjournals.com/tampabay/stories/2010/08/30/daily15.html?ana=e_du_pub

Florida bank losses deepen
http://www.bizjournals.com/jacksonville/stories/2010/08/30/daily18.html?ana=e_du_pub

Florida construction jobs fall 7% year-over-year
http://www.bizjournals.com/southflorida/stories/2010/08/30/daily21.html?ana=e_du_pub

Construction jobs shrink in Atlanta
http://www.bizjournals.com/atlanta/stories/2010/08/30/daily19.html?ana=e_du_pap



Economy
Second Reading of Q2 GDP
http://www.bespokeinvest.com/thinkbig/2010/8/26/second-reading-of-q2-gdp.html

Making the impossible possible
http://www.economist.com/blogs/freeexchange/2010/08/economic_policy_0

white-burden-of-debt-will-slow-global-growth
http://www.creditwritedowns.com/2010/08/white-burden-of-debt-will-slow-global-growth.html

Dallas Fed says fiscal stimulus is a quick fix, not a permanent solution
http://www.housingwire.com/2010/08/30/dallas-fed-says-fiscal-stimulus-is-a-quick-fix-not-a-permanent-solution

U.S. Banks Post $21.6 Billion Profit as ‘Problem’ Lenders Rise
http://noir.bloomberg.com/apps/news?pid=20601087&sid=aaRmLdOWTou0&pos=2

Consumer Confidence in U.S. Rose More Than Forecast
http://noir.bloomberg.com/apps/news?pid=20601087&sid=aS8xZxHp3SNY&pos=1

The Dodd-Frank Act: Creative Destruction, Destroyed
http://online.wsj.com/article/SB10001424052748703369704575461714115902100.html?mod=dist_smartbrief

Memo to Obama: time to break the refinance strike by the big banks
http://blogs.reuters.com/christopher-whalen/2010/08/31/memo-to-obama-time-to-break-the-refinance-strike-by-the-big-banks/


Equity Market
Death of equities may be exaggerated
http://www.marketwatch.com/story/death-of-equities-may-be-exaggerated-2010-08-31

Key gauge says stocks are dirt cheap now
http://www.google.com/hostednews/ap/article/ALeqM5jVBkp_DhGmQ3dSOv71f7y5e0240QD9HTAB0G0
Small Caps Show Lost Benefit of Beating Estimates: Chart of Day
http://noir.bloomberg.com/apps/news?pid=20601084&sid=aBUl0NLcKnG4

Too bullish, too bearish, whatever…
http://ftalphaville.ft.com/blog/2010/08/31/329601/too-bullish-too-bearish-whatever/

September: A Merciless Month for Mr. Market?
http://www.minyanville.com/businessmarkets/articles/september-stocks-historical-patterns-market-timing/8/30/2010/id/29868

26 of Last 88 Trading Days have been 90% Days (Either Up or Down); 7 More Lean Years in Stock Market?
http://globaleconomicanalysis.blogspot.com/2010/08/26-of-last-88-trading-days-have-been-90.html



Credit Markets
U.S. Yield, Yen Correlation Rising on Risk, Gain Capital Says
http://noir.bloomberg.com/apps/news?pid=20601083&sid=acCS2A5R4vVA

The (near) cash! The (near) cash!
http://ftalphaville.ft.com/blog/2010/08/31/330076/the-near-cash-the-near-cash/

They’re coming for that long bond, oh yes they are
http://www.thereformedbroker.com/2010/08/26/save-this-post-like-it-was-private-ryan/

Credit is finally available, but no one wants it
http://money.cnn.com/2010/08/30/news/economy/debt_fears.fortune/index.htm


Sentiment/Options/MoneyFlow
Titan Capital Joins Black Swan’s Taleb in Raising Bets on Crash
http://noir.bloomberg.com/apps/news?pid=20601010&sid=a2H.H4kCXvMw


Hedge Funds
Hedge fund managers more bearish on US stocks: Report
http://economictimes.indiatimes.com/Global-Markets/articleshow/6465966.cms


Alternative Investments
Gold Rallying to $1,500 as Soros’s Bubble Inflates
http://noir.bloomberg.com/apps/news?pid=20601087&sid=ai8RIMz5vwkI&pos=4

Private-Equity Firms Unlikely To Lead M&A Activities
http://online.wsj.com/article/BT-CO-20100831-706657.html

Small Business
Restricted credit for small businesses driving delinquencies up
http://www.housingwire.com/2010/08/30/restricted-credit-for-small-businesses-driving-delinquencies-up

Intuit: Small businesses growing slowly
http://www.bizjournals.com/triad/stories/2010/08/30/daily17.html?ana=e_du_pub



Other
Shape Serendipity, Understand Stress, Reignite Passion
http://noir.bloomberg.com/apps/harvardbusiness?sid=H4d6713ba7944f2551939621ba7bf8bca

Moderate Drinkers May Toast Research Finding They Live Longer
http://noir.bloomberg.com/apps/news?pid=20601124&sid=arCJBHiI3tuU

Proof of cashflow, please
http://ftalphaville.ft.com/blog/2010/08/31/330121/proof-of-cashflow-please/

"Were You Born on the Wrong Continent?": America's misguided culture of overwork
http://www.salon.com/books/feature/2010/08/25/german_usa_working_life_ext2010/index.html

white-burden-of-debt-will-slow-global-growth.html
http://www.creditwritedowns.com/2010/08/white-burden-of-debt-will-slow-global-growth.html

The Effect of Immigrants on U.S. Employment and Productivity
http://www.frbsf.org/publications/economics/letter/2010/el2010-26.html

Best FInancial Stories for August 30, 2010

Real Estate
Paying Off the House in 15 Years
http://online.wsj.com/article/SB10001424052748703669004575458203846437616.html?mod=googlenews_wsj

Commercial real estate gets boost in July from strong office demand: RCA analytics
http://www.housingwire.com/2010/08/27/commercial-real-estate-gets-boost-in-july-from-strong-office-demand-rca-analytics

Fitch expects to keep downgrading CMBS through 2012
http://www.housingwire.com/2010/08/27/fitch-expects-to-keep-downgrading-cmbs-through-2012

Real estate tsunami ahead
http://seattle.bizjournals.com/seattle/stories/2010/08/30/story3.html?b=1283140800^3865231&ana=e_vert

A developer’s guide to carried interest proposals
http://washington.bizjournals.com/washington/stories/2010/08/30/story19.html?b=1283140800^3862451&ana=e_vert

For commercial landlords, there’s a new economy, new retail trends, new rules
http://www.bizjournals.com/albany/stories/2010/08/30/smallb2.html?b=1283140800^3858501&s=industry&i=commercial_real_estate

Regions Bank wants Wells Fargo to foreclose on NASCAR Plaza
http://www.bizjournals.com/charlotte/stories/2010/08/30/story1.html?b=1283140800^3858621&s=industry&i=commercial_real_estate

Dayton: Vacancy rates show improvement, yet remain sky high
http://www.bizjournals.com/dayton/stories/2010/08/30/focus2.html?b=1283140800^3851941&s=industry&i=commercial_real_estate

REIT bill could open D.C. up for more foreign dollars
http://www.bizjournals.com/washington/stories/2010/08/30/story8.html?b=1283140800^3861171&s=industry&i=commercial_real_estate

Tampa: PKF report: Hotel room revenue decrease expected in Tampa Bay
http://www.bizjournals.com/tampabay/stories/2010/08/30/daily5.html?ana=e_du_pub

Fundraising Continues to Fall for Real Estate Private Equity
http://www.reit.com/Articles/Fundraising-Continues-to-Fall-for-Real-Estate-Private-Equity.aspx

REIT IPOs Attracts More Private Real Estate Companies As Recent Gains Bolster Its Allure
http://rejournalonline.com/reit-ipos-attracts-more-private-real-estate-companies-as-recent-gains-bolster-its-allure/851809/

REITs Attract Yield-Hungry Investors
http://www.businessweek.com/investor/content/aug2010/pi20100827_146048.htm

Industrial REIT Sector Still Facing Pressure, Green Street Says
http://www.reit.com/Videos/Word-on-the-Beach-August-2010.aspx

THE CASE FOR MORE FOREIGN INVESTMENT IN U.S. COMMERCIAL PROPERTIES
https://www.cbre-ea.com/default.aspx?_title=AboutRealEstate&_id=2471


Economy
Bernanke Faces Skepticism on Monetary-Policy Tools
http://noir.bloomberg.com/apps/news?pid=20601010&sid=afVlgUfDSjOo

U.S. Should Put Growth Ahead of Deficit Cuts, Economists Say
http://noir.bloomberg.com/apps/news?pid=20601015&sid=ahgEe73vlATg

Should we listen to El-Erian?
http://blogs.reuters.com/felix-salmon/2010/08/27/should-we-listen-to-el-erian/

Rosenberg – what is a depression, anyway?
http://www.investmentpostcards.com/2010/08/30/rosenberg-%e2%80%93-what-is-a-depression-anyway/


It typically takes advanced economies almost 10 years to recover from financial crises,
http://www.aei.org/paper/100133?wpisrc=nl_wonk

Goodbye to Berlin
http://www.tnr.com/print/article/politics/magazine76973/america-germany-global-finance-conflict?wpisrc=nl_wonk

Why We Need a Second Stimulus
http://www.nytimes.com/2010/08/29/opinion/29tyson.html?_r=1

Bankers Say Global Recovery Likely to Stay on Track
http://online.wsj.com/article/SB10001424052748703618504575459680236831538.html?mod=dist_smartbrief

Banks Recruit Investors to Oppose Honest Valuation of Assets; Just how Unprepared are Banks for Major Losses?
http://globaleconomicanalysis.blogspot.com/2010/08/banks-recruit-investors-to-oppose.html

Expect Two Recessions Before End Of Decade
http://blogs.forbes.com/investor/2010/08/30/expect-two-recessions-before-end-of-decade/

US Must Stop Printing Money, Copy Europe: Rogers
http://www.cnbc.com/id/38913263

Why the German Economy is so Robust
http://www.spiegel.de/international/world/0,1518,713478,00.html


Equity Market
Sell Signal on 36% Profit Gain Has Analysts in Denial
http://noir.bloomberg.com/apps/news?pid=20601087&sid=aTFaeF8cw.zM&pos=5

Merrill Mauls Morgan Stanley in Clash of U.S. Brokerage Titans
http://noir.bloomberg.com/apps/news?pid=20601109&sid=a5SZiLJKfsxM&pos=12

Great News: Stocks Are Hated
http://seekingalpha.com/article/222886-great-news-stocks-are-hated?source=feed

Graham Summers’ Weekly Market Forecast
http://www.zerohedge.com/article/graham-summers%E2%80%99-weekly-market-forecast

Are Wall Street Analysts Contrary Indicators?
http://www.ritholtz.com/blog/2010/08/are-wall-street-analysts-contrary-indicators/

Could Cash on the Sidelines Propel Stocks?
http://finance.yahoo.com/news/Could-Cash-on-the-Sidelines-etfguide-3387927003.html?x=0&.v=1

If U.S. Is Japan, Sell Stocks and Buy Bonds!
http://finance.yahoo.com/tech-ticker/if-u.s.-is-japan-sell-stocks-and-buy-bonds!-535379.html?tickers=%5En225,%5Egspc,udn,uup,tlt,edv,spy

Early Diagnosis Of The P/E Problem
http://blogs.forbes.com/investor/2010/08/30/early-diagnosis-of-the-pe-problem/

Risk Trade Now: From Banks to REITs
http://www.cnbc.com/id/38918667

Art Cashin: Beware of Increased Volatility
http://www.cnbc.com/id/38917182




Credit Markets
High-Grade Bonds Whip Junk; GM Sets Loan Terms: Credit Markets
http://noir.bloomberg.com/apps/news?pid=20601009&sid=aftl_oFuqCGo

The Bubble That Isn't
http://www.slate.com/id/2265343/

Paper Argues Rising Stocks Require Tighter Fed Policy
http://blogs.wsj.com/economics/2010/08/27/paper-argues-rising-stocks-require-tighter-fed-policy/

The Linguistic Psychology of Misinformation and Why a Treasury Bond Bubble Unquestionably Exists
http://www.zerohedge.com/article/linguistic-psychology-misinformation-and-why-treasury-bond-bubble-unquestionably-exists

Sentiment/Options/MoneyFlow
SPECTREM MILLIONAIRE INVESTOR CONFIDENCE INDEX (SMICI SM) POSTS LARGEST DECLINE IN OVER A YEAR
http://www.spectrem.com/custom.aspx?id=123

Sentiment Overview: Week Of August 27th, 2010
http://www.tradersnarrative.com/sentiment-overview-week-of-august-27th-2010-4606.html


Hedge Funds
Bigger, safer but duller
http://www.economist.com/node/16891973?story_id=16891973

Setbacks on the Hedge Front
http://online.barrons.com/article/SB50001424052970204885704575447733912784378.html

Major Hedge Funds Cut Back on Equity Risk in 2nd Quarter
http://www.cnbc.com/id/38920934




Other
Does Your Innovation Pass the Deprivation Test?
http://noir.bloomberg.com/apps/harvardbusiness?sid=H5aba1c50c56cd6cc7af9a3d45711c25c

Seven Truths about Change to Lead By and Live By
http://noir.bloomberg.com/apps/harvardbusiness?sid=H26541e19014400a0ad857ac63fd411af


Tax Rules You Should Know About for 2011
http://www.openforum.com/idea-hub/topics/money/article/tax-rules-you-should-know-about-for-2011-barbara-weltman


STRATFOR: “CHINA WILL COLLAPSE”
http://vodpod.com/watch/4340616-stratfor-china-will-collapse?pod=


Is It Hot In Here? Or Is It Just You?
http://www.cnbc.com/id/38918616/

Best Financial Stories for August 27, 2010

Real Estate
Foreclosures, delinquencies drop but may climb again
http://www.washingtonpost.com/wp-dyn/content/article/2010/08/26/AR2010082605686.html

'Overwhelming Supply' Affecting Housing Market: Radar Logic
http://www.housingwire.com/2010/08/26/overwhelming-supply-housing-market-radar-logic

Barclays Capital Expects Home Prices to Dip Another 7%
http://www.housingwire.com/2010/08/26/barclays-capital-expects-home-prices-to-dip-another-7

A Beneficiary of the Housing Bust: Apartment REITS
http://www.time.com/time/business/article/0,8599,2013302,00.html?xid=rss-business&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+time/business+(TIME:+Top+Business+Stories)

REIT Defaults May Be All Right
http://www.smartmoney.com/investing/stocks/reit-defaults-may-be-all-right/

REITs in US rush to refinance $2.5 trillion
http://www.theaustralian.com.au/business/property/reits-in-us-rush-to-refinance-25-trillion/story-e6frg9gx-1225910074247

Pittsburgh's hotel market projected to see sight gains
http://www.bizjournals.com/pittsburgh/stories/2010/08/23/daily33.html?ana=e_du_pub


Economy
Among Democrats, economic pressures are changing tax-cut dynamics
http://www.washingtonpost.com/wp-dyn/content/article/2010/08/26/AR2010082605951.html?wpisrc=nl_wonk

Flow of imports drags down economic growth
http://www.washingtonpost.com/wp-dyn/content/article/2010/08/26/AR2010082606375.html?wpisrc=nl_wonk

This Is Not a Recovery
http://www.nytimes.com/2010/08/27/opinion/27krugman.html?_r=1&wpisrc=nl_wonk

David Brooks praises Germany's long-term economic planning
http://www.nytimes.com/2010/08/27/opinion/27brooks.html

Why another fiscal stimulus won't do
http://www.washingtonpost.com/wp-dyn/content/article/2010/08/26/AR2010082605262.html?wpisrc=nl_wonk

Q2 GDP revised to annual rate of 1.6% growth, imports rose 32.4%
http://www.housingwire.com/2010/08/27/q2-gdp-revised-to-annual-rate-of-1-6

Moody’s Zandi Discusses U.S. Double-Dip Recession Risk
http://www.ritholtz.com/blog/2010/08/moodys-zandi-discusses-u-s-double-dip-recession-risk/

Roubini Says Fed Is ‘Running Out of Policy Bullets’
http://noir.bloomberg.com/apps/news?pid=20601087&sid=ayT1k1k27Buc&pos=4

Bernanke Says Fed Ready to Provide Stimulus If Needed
http://noir.bloomberg.com/apps/news?pid=20601087&sid=a2.bEs8V2e.g&pos=1

El-Erian Says ‘Alarming’ Data Show Economy Slowing
http://noir.bloomberg.com/apps/news?pid=20601087&sid=auENo94RRWNk&pos=4

El-Erian: How to read Bernanke’s Jackson Hole Speech
http://ftalphaville.ft.com/blog/2010/08/27/328906/el-erian-how-to-read-bernanke%e2%80%99s-jackson-hole-speech/


Reinhart’s Seven More Years of High Unemployment Hit Fed Today
http://noir.bloomberg.com/apps/news?pid=20601087&sid=a8l8YKkHr7kU&pos=5

Why Boehner’s Blaming Bureaucrats
http://robertreich.org/post/1016548049/why-boehners-blaming-bureaucrats

The Most Fiscally Irresponsible Government in U.S. History
http://politics.usnews.com/opinion/mzuckerman/articles/2010/08/26/the-most-fiscally-irresponsible-government-in-us-history.html

Robert Shiller Says Double Dip Imminent
http://www.zerohedge.com/article/robert-shiller-says-double-dip-imminent

Rosie's Observations On The GDP Number, On Bernanke's Address, And On The Market
http://www.zerohedge.com/article/rosies-observations-gdp-number-bernankes-address-and-market


Equity Market
Goldman's Technical Update: Bearish, With An "Ultimate H&S Target Of 900"
http://www.zerohedge.com/article/goldmans-technical-update-bearish-ultimate-hs-target-900


The Death of Equities II?
http://seekingalpha.com/article/222579-the-death-of-equities-ii?source=feed

EARNINGS WATCH: ESTIMATES REVISIONS
http://www.news-to-use.com/2010/08/earnings-watch-estimates-revisions.html



Credit Markets
Investors Pull $7.1 Billion From Stock Funds Globally
http://noir.bloomberg.com/apps/news?pid=20603037&sid=aPRxN9th86fU

Close those longs in the bond market!
http://www.investmentpostcards.com/2010/08/27/us-bonds-what-is-the-market-telling-us/

Faber and Schiff: Bond bubble trouble
http://www.investmentpostcards.com/2010/08/27/faber-and-schiff-bond-bubble-trouble/

‘We think the [US Treasury] market is ripe for a pullback’
http://ftalphaville.ft.com/blog/2010/08/27/327976/%e2%80%98we-think-the-us-treasury-market-is-ripe-for-a-pullback/



Sentiment/Options/MoneyFlow

Sentiment is now gloomy enough to support a rally
http://www.marketwatch.com/story/contrarian-take-on-dow-below-10k-2010-08-27

Weekly Visual CFTC Commitment Of Traders Summary - August 27
http://www.zerohedge.com/article/weekly-visual-cftc-commitment-traders-summary-august-27

Best Financial Stories for August 26, 2010

Real Estate
Eight Takeaways on the Current State of Distress Opportunities
http://www.costar.com/News/Article.aspx?id=3BFDDCFE67C94C15C0142ED0D6997282&ref=100&iid=195&cid=4551B02CF9EBB4A3FD8AA99C29554FD4
KBW: Austin is Best Overall Market for CRE, Detroit Scrapes Bottom
http://www.housingwire.com/2010/08/25/kbw-austin-is-best-overall-market-for-cre-detroit-scrapes-bottom

The D-Word (hint Development)
http://www.costar.com/webimages/watchlist/WL8-26.pdf

Don't Fear A Housing Dip
http://www.forbes.com/2010/08/20/economy-finance-housing-dip-opinions-columnists-john-tamny.html

Forecast: Cincinnati hotels to see 4% revenue gain
http://www.bizjournals.com/cincinnati/stories/2010/08/23/daily38.html?ana=e_du_pub

Distress Expected to Plateau at $200B
http://www.globest.com/news/1734_1734/washington/302018-1.html

Nashville: Lockheed Martin targets downtown Nashville, sources say
http://nashville.bizjournals.com/nashville/stories/2010/08/23/story2.html?ana=e_du_pub


Economy
Slower U.S. Capital Investment May Reach Job Market
http://noir.bloomberg.com/apps/news?pid=20601087&sid=avGuL43.D6V8&pos=4

Roubini Says Third Quarter Growth in U.S. to Be ‘Well Below’ 1%
http://noir.bloomberg.com/apps/news?pid=20601010&sid=a0z0Uvraiscg

Savers Pay U.S. Banks to Keep Cash as Rates Dip, Fees Multiply
http://noir.bloomberg.com/apps/news?pid=20603037&sid=aTJDEATj9V9M

Should Ben really print and be damned?
http://ftalphaville.ft.com/blog/2010/08/26/326916/should-ben-really-print-and-be-damned/
There Are Bubbles, And Then There Are Bubbles
http://krugman.blogs.nytimes.com/2010/08/25/there-are-bubbles-and-then-there-are-bubbles/

The bank capital threat
http://www.economist.com/blogs/freeexchange/2010/08/financial_regulation

Hyperinflation is a Fiscal, Not Monetary Phenomenon
http://wallstcheatsheet.com/trading-markets/hyperinflation-is-a-fiscal-not-monetary-phenomenon/?p=17012/

Guest Post: The Great Deleveraging Lie
http://www.zerohedge.com/article/guest-post-great-deleveraging-lie

Ohio, 40 other states in ‘financial distress’
http://www.bizjournals.com/dayton/stories/2010/08/23/daily29.html?ana=e_du_pub

Tampa: Tampa Bay economy struggles, improvement tied to jobs and housing
http://www.bizjournals.com/tampabay/stories/2010/08/23/daily31.html?ana=e_du_pub
Slower U.S. Capital Investment May Reach Job Market
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=avGuL43.D6V8

ECRI Watch: Growth adjusted downwards, further weakening ahead!
http://www.investmentpostcards.com/2010/08/26/ecri-watch-growth-adjusted-downwards-further-weakening-ahead/


Equity Market
Angry at Dave (and other bears)
http://ftalphaville.ft.com/blog/2010/08/26/327271/angry-at-dave-and-other-bears/

Dave Rosenberg fires back
http://ftalphaville.ft.com/blog/2010/08/26/327391/dave-fires-back/

Everyone’s an Albert these days
http://ftalphaville.ft.com/blog/2010/08/26/327136/everyones-an-albert-these-days/

Japan, the Big Pffft, and P/E ratios
http://ftalphaville.ft.com/blog/2010/08/25/325791/japan-the-big-pffft-and-pe-ratios/

WSJ: 'Hidenburg Omen' Creater Sticks to Guns
http://www.fundmymutualfund.com/2010/08/wsj-hidenburg-omen-creater-sticks-to.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+FundMyMutualFund+%28Fund+my+Mutual+Fund%29

Albert Edwards: "We Are Returning To 450 On The S&P"
http://www.zerohedge.com/article/albert-edwards-we-are-returning-450-sp

Doug Kass: “I just can’t be that negative now”
http://www.investmentpostcards.com/2010/08/26/doug-kass-%e2%80%9ci-just-cant-be-that-negative-now%e2%80%9d/

Credit Markets
Convexity Is Propelling Bond Bull
http://www.minyanville.com/businessmarkets/articles/bond-bond-markets-bond-bulls-convexity/8/25/2010/id/29677

Firm Makes Bold Bet on Falling Prices
http://online.wsj.com/article/SB10001424052748704540904575451910642552160.html?mod=mktw

How Low Are Bond Yields Really?
http://seekingalpha.com/article/222481-how-low-are-bond-yields-really?source=feed

Sentiment/Options/MoneyFlow
16th Sequential Equity Fund Outflow Takes Total To Over $50 Billion YTD; Retail Boycott Of Stocks Continues
http://www.zerohedge.com/article/16th-sequential-equity-fund-outflow-takes-total-over-50-billion-ytd-retail-boycott-stocks-co

Bulls reach lowest since Mar ‘09 according to AAII
http://www.ritholtz.com/blog/2010/08/bulls-reach-lowest-since-mar-09-according-to-aaii/

Alternative Investments
Private Equity Loses Fund Commitments as Tony James Woos Oregon
http://noir.bloomberg.com/apps/news?pid=20601010&sid=a1m6JfzdW8JI


Risk Management
Why going to Monte Carlo loses you money
http://blogs.reuters.com/felix-salmon/2010/08/25/why-going-to-monte-carlo-loses-you-money/


Other
The “Flight to Safety” Trade Your Broker Won’t Tell You About
http://www.zerohedge.com/article/%E2%80%9Cflight-safety%E2%80%9D-trade-your-broker-won%E2%80%99t-tell-you-about

Citi Says QE2 Would Be End-Game For The USD
http://www.zerohedge.com/article/citi-says-qe2-would-be-end-game-usd

Noteworthy Financial Stories for August 25, 2010

Real Estate
Plunge in home sales not pretty, but necessary for real recovery
http://voices.washingtonpost.com/political-economy/2010/08/painful_as_it_is_to.html?wpisrc=nl_wonk

KC Fed Chief: Commercial Real Estate Dragging Down Community Banks
http://www.housingwire.com/2010/08/24/kc-fed-chief-commerical-real-estate-dragging-down-community-banks

Commercial Property Owners Choose to Default
http://online.wsj.com/article/SB10001424052748703447004575449803607666216.html?mod=dist_smartbrief

When Feng Shui Helps Determine a Deal’s Fate
http://www.nytimes.com/2010/08/25/realestate/25feng.html?_r=1

Orlando: Winter Park breaks ground on $9.1M center
http://www.bizjournals.com/orlando/stories/2010/08/23/daily26.html?ana=e_du_pub

Jacksonville: Standard Pacific buys 32 lots for $1.6M
http://www.bizjournals.com/jacksonville/stories/2010/08/23/daily26.html?ana=e_du_pub

Real Estate Funds Should Prepare for Implications of Dodd-Frank Act
http://www.bizjournals.com/atlanta/real_talk/2010/08/real_estate_funds_should_prepare_for_implications_of_dodd-frank_act.html?ana=e_du_pap


Economy
CBO says stimulus may have added 3.3 million jobs
http://voices.washingtonpost.com/political-economy/2010/08/cbo_says_stimulus_may_have_add.html?wpisrc=nl_wonk

Businesses Oppose Legislative Shortcuts For Tax Bill
http://blogs.wsj.com/washwire/2010/08/24/businesses-oppose-legislative-shortcuts-for-tax-bill/?wpisrc=nl_wonk

The recovery is losing steam, fast
http://voices.washingtonpost.com/political-economy/2010/08/the_recovery_is_losing_steam_f.html?wpisrc=nl_wonk

Fed’s Evans: Economy In ‘Extremely Modest’ Recovery
http://blogs.wsj.com/economics/2010/08/24/feds-evans-economy-in-extremely-modest-recovery/

Democrats move to shore up faltering recovery
http://www.washingtonpost.com/wp-dyn/content/article/2010/08/24/AR2010082406761.html?wpisrc=nl_wonk

Morgan Stanley Says Government Defaults Inevitable
http://noir.bloomberg.com/apps/news?pid=20601087&sid=aIk.v5ASWkBM&pos=3

Credit card debt drops 13 percent in 2nd qtr to lowest level since 2002; late payments decline
http://www.latimes.com/business/nationworld/wire/sns-ap-us--creditcarddelinquencies-transunion,0,3165515.story

Uncooperative QE
http://ftalphaville.ft.com/blog/2010/08/25/325626/uncooperative-qe/

Looking for Ursa Major
http://ftalphaville.ft.com/blog/2010/08/25/325731/looking-for-ursa-major/

The Monetary Base and Bank Lending:
You Can Lead a Horse to Water…
http://research.stlouisfed.org/publications/mt/20100901/cover.pdf

Hangover Theory At The Fed
http://krugman.blogs.nytimes.com/2010/08/24/hangover-theory-at-the-fed/

Guessing the Trigger Point for a U.S. Debt Crisis
http://mercatus.org/sites/default/files/publication/Guessing%20the%20Trigger%20Point%20for%20a%20US%20Debt%20Crisis%208.24.10.pdf

Kevin "Dow 36,000" Hassett* Speaks on "Keynesian Economics"
http://www.econbrowser.com/archives/2010/08/kevin_dow_36000.html

The crisis as a wake-up call
http://www.voxeu.org/index.php?q=node/5435

Floridians among most credit card delinquent
http://www.bizjournals.com/southflorida/stories/2010/08/23/daily31.html?ana=e_du_pub

Credit Markets
Debt Rally Cracking as Double-Dip Fears Haunt: Credit Markets
http://noir.bloomberg.com/apps/news?pid=20601087&sid=a0DSa8q91X_U&pos=4

Treasury Yields Fall to Unattractive Levels: Technical Analysis
http://noir.bloomberg.com/apps/news?pid=20601009&sid=a_gj7hS7phQU

Rogers Says China, World Should Raise Rates in Inflation Fight
http://noir.bloomberg.com/apps/news?pid=20601012&sid=a5JorhcXYj0I

All junk, all the time
http://ftalphaville.ft.com/blog/2010/08/25/325061/all-junk-all-the-time/

If Wall Street Starts Layoffs, Everyone Should Worry
http://www.theatlantic.com/business/archive/2010/08/if-wall-street-starts-layoffs-everyone-should-worry/61973/

Guessing the Trigger Point for a U.S. Debt Crisis
http://mercatus.org/publication/guessing-trigger-point-us-debt-crisis

Corporate debt "wall of maturity" crumbling: study
http://www.reuters.com/article/idUSTRE67N5MN20100824

Fed unlikely to lower rate it pays on bank reserves
http://www.reuters.com/article/idUSTRE67O06720100825

Alternative Investments
The Morning Leverage: Everyone’s Looking For The Exit
http://blogs.wsj.com/privateequity/2010/08/25/the-morning-leverage-everyone%e2%80%99s-looking-for-the-exit/

Other
How big companies can stop the brain drain
http://tech.fortune.cnn.com/2010/08/23/putting-the-passion-back-in-your-organization/

Best Financial Stories for August 24, 2010

Real Estate
Commercial Real Estate Gains for First Time in 2 Years: Study
http://www.cnbc.com/id/38815566

Strengthening CRE Market Pushes Defeasance Levels Up: Moody's
http://www.housingwire.com/2010/08/23/strengthening-cre-market-pushes-defeasance-levels-up-moodys

Housing Slide in U.S. May Drag Economy Into Recession
http://noir.bloomberg.com/apps/news?pid=20601109&sid=avpoiUT.LWa0&pos=14

Purchases of Existing Homes in U.S. Probably Slumped in July
http://noir.bloomberg.com/apps/news?pid=20601010&sid=a6ClsTUFvwn8

A mixed outlook for CRE and CMBS
http://ftalphaville.ft.com/blog/2010/08/23/323521/a-mixed-outlook-for-cre-and-cmbs/

Wells Fargo Builds CMBS Business Once Dominated by Wachovia
http://www.businessweek.com/news/2010-08-24/wells-fargo-builds-cmbs-business-once-dominated-by-wachovia.html

Chicago realty: Still coveted
http://www.suntimes.com/business/2630110,CST-NWS-cushman24web.article

July hotel occupancy hits 72%
http://www.bizjournals.com/orlando/stories/2010/08/23/daily14.html?ana=e_du_pub

Orlando hotel occupancy nears 65%
http://www.bizjournals.com/orlando/stories/2010/08/23/daily12.html?ana=e_du_pub

Jacksonville hotel occupancy up 6%
http://www.bizjournals.com/jacksonville/stories/2010/08/23/daily13.html?ana=e_du_pub

Atlanta: Déjà Vu All Over Again
http://www.bizjournals.com/atlanta/real_talk/2010/08/deja_vu_all_over_again.html?ana=e_du_pap

Leasing tomorrow today
http://www.bizjournals.com/atlanta/real_talk/2010/08/leasing_tomorrow_today.html?ana=e_du_pap

Office-Leasing Rebound Could Be Deceiving
http://online.wsj.com/article/NA_WSJ_PUB:SB10001424052748703824304575435872263411694.html

Some Good News About Empty Big Boxes
http://www.realestateadvisorlawblog.com/2010/08/articles/retail-industry-issues/some-good-news-about-empty-big-boxes/

Nashville: $250M convention center hotel on tap
http://www.bizjournals.com/nashville/stories/2010/08/23/daily14.html?ana=e_du_pub


Economy

Economy Caught in Depression, Not Recession: Rosenberg
http://www.cnbc.com/id/38831550

Fed Split on Move to Bolster Sluggish Economy
http://online.wsj.com/article/SB10001424052748703589804575446262796725120.html?wpisrc=nl_wonk

Fed’s Evans Says U.S. Economy Not ‘Out of the Woods’
http://noir.bloomberg.com/apps/news?pid=20601087&sid=aQK9JsVcMvw0&pos=4

Yield Hunt Drives Longest-Maturity Debt Demand: Credit Markets
http://noir.bloomberg.com/apps/news?pid=20601087&sid=ap7nfKdP1z6w&pos=4

Epidemic of Thrift vs. Leap of Faith; Housing Slide Will Seal Recession Fate
http://globaleconomicanalysis.blogspot.com/2010/08/epidemic-of-thrift-vs-leap-of-faith.html

The Baltic Dry Index Has Exploded Higher And The Silence From The Bears Is Deafening
http://www.businessinsider.com/baltic-dry-index-23-august-2010#ixzz0xX51sIvK
The barely discernable economic recovery: What happened?
http://www.csmonitor.com/Business/2010/0820/The-barely-discernable-economic-recovery-What-happened

In the double dip
http://economist.com/blogs/freeexchange/2010/08/growth_2

FDIC says Basel proposals crucial for safe banks
http://uk.reuters.com/article/idUKTRE67N0AC20100824

Risk of Double-Dip Recession Has Risen: Fed's Evans
http://www.cnbc.com/id/38830791

Bill Gross Explains Why The Housing Ponzi Must Go On, Or Else Society, Nevermind Pimco, Will Suffer
http://www.zerohedge.com/article/bill-gross-explains-why-housing-ponzi-must-go-or-else-society-nevermind-pimco-will-suffer

How to Survive a 'Zombie Economy'
http://seekingalpha.com/article/221963-how-to-survive-a-zombie-economy?source=feed

Rosie: “There are no quick fixes”
http://www.investmentpostcards.com/2010/08/24/rosie-%e2%80%9cthere-are-no-quick-fixes%e2%80%9d/

Is the USA the next Bear Stearns?
http://www.investmentpostcards.com/2010/08/24/jason-trennert-is-the-usa-the-next-bear-stearns/

St Louis Fed Explains Why The Fed Has Cornered Itself Between Deflation And (Hyper) Inflation
http://www.zerohedge.com/article/st-louis-fed-explains-why-fed-has-cornered-itself-between-deflation-and-hyper-inflation

US Vs. Japan Redux? A Credit 'Compare And Contrast' From BofA's Jeffrey Rosenberg
http://www.zerohedge.com/article/us-vs-japan-redux-credit-compare-and-contrast-bofas-jeffrey-rosenberg



Equity Market
Long-term perspective on the stock market
http://www.econbrowser.com/archives/2010/08/longterm_perspe.html

Morgan Stanley: Based On Japan's Great Bear, Now Is A Great Time To Buy Stocks
http://www.businessinsider.com/japan-bear-market-stock-yields-vs-bond-yields-2010-8

Mutual Fund Industry Unable to Recover, Historically Low Cash Levels
http://chartsgonewild.com/2010/08/23/mutual-fund-industry-unable-to-recover-historically-low-cash-levels/


Are Mergers Back? Well, Sort Of
http://www.nytimes.com/2010/08/24/business/24sorkin.html?_r=1&wpisrc=nl_wonk

Taleb's Pessimism Lures CIC
http://online.wsj.com/article/SB10001424052748704340504575447950667158906.html?mod=WSJ_newsreel_business

Dow Faces Bouncy Ride to 5,000: Strategist
http://www.cnbc.com/id/38826988


Credit Markets
Is there a government bond bubble?
http://www.economist.com/economics/by-invitation/questions/there_government_bond_bubble

Just say no to bonds
http://ultimibarbarorum.com/2010/08/22/just-say-no-to-bonds/

Why Bond Volatility Is Acting Abnormally
http://www.minyanville.com/businessmarkets/articles/bonds-bond-volatility-bond-traders-ishares/8/23/2010/id/29674


Sentiment/Options/MoneyFlow
The Summer of (Volatility Shorting) George
http://dailyoptionsreport.com/blog/post/the-summer-of-volatility-shorting-george/


Hedge Funds
Hedge Funds Bet Most on Higher Commodities Since 2008
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aEpag1aH.55Y



Risk Management
Tail risk five times more likely than expected
http://www.hedgefundsreview.com/hedge-funds-review/news/1729170/tail-risk-times-expected#ixzz0xX6LgNAI

Operational Risk #2: The Blind Leading the Blind—Overextended and Underqualified Managers
http://articles.stonehouseconsulting.com/2010/08/23/2-operational-risk-the-blind-leading-the-blind%e2%80%94overextended-and-underqualified-managers/


Other
Yen intervention 101: why it won’t work
http://ftalphaville.ft.com/blog/2010/08/24/324516/yen-intervention-101-why-it-wont-work/

Top 10 Cloud Computing Complaints
http://wallstreetandtech.com/data-management/showArticle.jhtml?articleID=226900078&cid=RSSfeed_WST_All

Best Financial Articles for August 22/23

Real Estate
Housing Slide in U.S. Threatens to Drag Economy Into Recession
http://noir.bloomberg.com/apps/news?pid=20601087&sid=a97ljRcJ_fBU&pos=6

Fitch: 43% of CMBS loans maturing in September in special servicing
http://www.snl.com/InteractiveX/article.aspx?CDID=A-11617331-11834&KPLT=4

Fitch: CRE loan CDO delinquencies edge down in July
http://www.snl.com/InteractiveX/article.aspx?CDID=A-11595020-12854&KPLT=4

Your Home as Sure Nest Egg? That Era Is Over, Analysts Say
http://www.nytimes.com/2010/08/23/business/economy/23decline.html?src=busln

Apartments Propel Delinquency Rates
http://online.wsj.com/article/SB10001424052748704504204575445733958677468.html?mod=dist_smartbrief
Pent-Up Capital Generates ‘Ferocious’ Competition for Core, Distressed Shopping Centers
http://www.costar.com/News/Article.aspx?id=65563427848BF03D265032E24DB83E08

Lease is no longer more under new accounting regime
http://www.propertyweek.com/comment/analysis/lease-is-no-longer-more-under-new-accounting-regime/5004482.article

Housing's Second Leg Down
http://www.housingwire.com/2010/08/23/housings-second-leg-down

Wells Fargo’s Odd Mortgage Essay Question
http://bucks.blogs.nytimes.com/2010/08/23/wells-fargos-odd-mortgage-essay-question/?src=busln

Nashville: Construction spending down 16% in July
http://www.bizjournals.com/nashville/stories/2010/08/23/daily3.html?ana=e_du_pub

Jacksonville: GlobeSt.: Wells Fargo & Co. refinances two Jax shopping centers
http://www.bizjournals.com/jacksonville/stories/2010/08/23/daily2.html?s=industry&i=commercial_real_estate

Columbus: Commercial contracts make up for residential building slowdown
http://www.bizjournals.com/columbus/stories/2010/08/23/daily3.html?s=industry&i=commercial_real_estate

Columbus: Report: Area retail vacancies dwindling
http://www.bizjournals.com/columbus/stories/2010/08/16/daily28.html?s=industry&i=commercial_real_estate

Chicago: Commercial Real Estate Foreclosures to Hit Chicago "Loop", First Since 1999; Big Wave of Commercial Foreclosures, Bank Failures Coming
http://globaleconomicanalysis.blogspot.com/2010/08/commercial-real-estate-foreclosures-to.html


Economy
Bernanke Must Raise Benchmark 2 Points in Latest Rajan Warning
http://noir.bloomberg.com/apps/news?pid=20601087&sid=aikyPjJeRu60&pos=5

Yields Showing No Economic Spoils for Republicans
http://noir.bloomberg.com/apps/news?pid=20601010&sid=ai_x9L.9R9fc

Why Quantitative Easing is Likely to Trigger a Collapse of the U.S. Dollar
http://www.hussmanfunds.com/wmc/wmc100823.htm



Equity Market
S&P 500 Refusing to Fall Shown in Mining Valuations
http://noir.bloomberg.com/apps/news?pid=20601084&sid=akcSaCga_Vl0

In Striking Shift, Small Investors Flee Stock Market
http://www.nytimes.com/2010/08/22/business/22invest.html

Preparing for the Next 'Black Swan'
http://online.wsj.com/article/SB10001424052748703791804575439562361453200.html?mod=googlenews_wsj

Still in stocks? You're hardly alone
http://articles.latimes.com/2010/aug/21/business/la-fi-0821-petruno-20100821

Sentiment Overview Aug 20th
http://www.tradersnarrative.com/sentiment-overview-week-of-august-20th-2010-4586.html

Mid-August Bullets
http://www.ritholtz.com/blog/2010/08/mid-august-bullets/

Stock Swing Still Baffles, With an Ominous Tone
http://www.nytimes.com/2010/08/23/business/23flash.html?_r=1&src=me&ref=business


Credit Markets
Investors Shake Up Fund Industry With Record Bond Love Affair
http://noir.bloomberg.com/apps/news?pid=20603037&sid=aIuuL7BZhgVU

The Taylor Rule And The “Bond Bubble” (Wonkish)
http://krugman.blogs.nytimes.com/2010/08/22/the-taylor-rule-and-the-bond-bubble-wonkish/

Why Treasury briefings are off the record
http://blogs.reuters.com/felix-salmon/2010/08/20/why-treasury-briefings-are-off-the-record/

I Think Felix Salmon Misses the Issue
http://delong.typepad.com/sdj/2010/08/felix-salmon-misses-the-issue.html

Wall Street debates prospect of bond bubble
http://www.usatoday.com/money/markets/2010-08-23-bond23_ST_N.htm

Bond Funds Attracting Cash Like Stocks During Dot-Com Boom: Credit Markets
http://www.bloomberg.com/news/2010-08-22/bond-funds-attracting-cash-like-stocks-during-dot-com-boom-credit-markets.html

Small Investors Fleeing Stocks as Bond Prices Soar
http://www.investmentadvisor.com/News/2010/8/Pages/Small-Investors-Fleeing-Stocks-as-Bond-Prices-Soar.aspx

Bond bubble fear returns as investors flee stocks
http://www.google.com/hostednews/ap/article/ALeqM5jVBkp_DhGmQ3dSOv71f7y5e0240QD9HOQR680

Betting on Growth While Playing Defense
http://www.nytimes.com/2010/08/22/business/22fund.html

Fed Pushing on a String
http://www.ritholtz.com/blog/wp-content/uploads/2010/08/8-20-10-Daily-30-year-U.S.-Treasury.gif

Hedge Funds
Hedge Funds Cut Gasoline Bets Most Since 2006: Energy Markets
http://noir.bloomberg.com/apps/news?pid=20601072&sid=aEofmcG5kJrM

Hedge Fund Holdings
http://www.zerohedge.com/article/complete-q2-hedge-fund-holding-update-which-we-discover-181-hfs-hold-apple-stock

SEC Increasing Whistle Blower Payoffs
http://www.ritholtz.com/blog/2010/08/sec-increasing-whistle-blower-payoffs/



Alternative Investments
Fundamental transformations in store for alternatives managers
http://www.pionline.com/article/20100823/PRINTSUB/308239940

Survival of the richest
http://www.economist.com/node/16846534

Other
The Power of "Ristakes"
http://noir.bloomberg.com/apps/harvardbusiness?sid=H479410339c839c66cdfa648e2a778e71

Best Financial Stories for August 20, 2010

Real Estate
New Monopoly Properties For A Changing Economy
http://www.collegehumor.com/article:1808215

Fitch: 43% of CMBS loans maturing in September in special servicing
http://www.snl.com/InteractiveX/article.aspx?Id=11617331&KPLT=4

Banks Stuck With Bill for Bad Loans
http://www.nytimes.com/2010/08/20/business/20norris.html?wpisrc=nl_wonk

How Expensive Would Mortgages Be Without Government Backing?
http://www.theatlantic.com/business/archive/2010/08/how-expensive-would-mortgages-be-without-government-backing/61780/

Did Stimulus Work?
http://www.theatlantic.com/business/archive/2010/08/did-stimulus-work/61802/


JPMorgan $484.6 million Centro CMBS rated by Realpoint
http://www.reuters.com/article/idUSTRE67I62L20100819

Retail Spaces Lead Drop in U.S. Commercial Property
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aejm8cAqn7yE

Early Surge Seen In Apartment Demand
http://finance.yahoo.com/news/Early-Surge-Seen-In-Apartment-ibd-4113874223.html?x=0&.v=1

Growth of CMBS delinquencies slows
http://southflorida.bizjournals.com/southflorida/stories/2010/08/16/daily37.html?ana=yfcpc

Cincinnati's industrial real estate market shows signs of health
http://cincinnati.bizjournals.com/cincinnati/stories/2010/08/23/story3.html?ana=e_du_pub


Economy
U.S. Economy Contracting Again, No Recovery, Rosenberg Says
http://noir.bloomberg.com/apps/news?pid=20601087&sid=azHMFRny4KG0&pos=5


It’s Obama Versus Bush as Growth Slows Before November Election
http://noir.bloomberg.com/apps/news?pid=20601087&sid=a32M94CTTIm8&pos=8

People Have 'Huge Disbelief' in Government: CIO
http://www.cnbc.com/id/38783418

Goldman: US banks could be heading for lengthy Japanese-style slog
http://www.snl.com/InteractiveX/article.aspx?Id=11612574&KPLT=4

America Won the Cold War But Now Is Turning Into the USSR, Gerald Celente Says
http://finance.yahoo.com/tech-ticker/article/535351/America-Won-the-Cold-War-But-Now-Is-Turning-Into-the-USSR%2C-Gerald-Celente-Says

And Now We're Headed For The GREATEST Depression, Says Gerald Celente
http://finance.yahoo.com/tech-ticker/article/535350/And-Now-Were-Headed-For-The-GREATEST-Depression%2C-Says-Gerald-Celente


Equity Market
Shrinking ‘Quant’ Funds Struggle to Revive Boom
http://www.nytimes.com/2010/08/20/business/20quant.html?_r=1

M&A Sees August Revival as Companies Tap $3 Trillion
http://noir.bloomberg.com/apps/news?pid=20601087&sid=akxATR8d0CWE&pos=2
Reports of the death of mean reversion are premature
http://www.ritholtz.com/blog/2010/08/reports-of-the-death-of-mean-reversion-are-premature/

More US Workers Tapping Pensions Early: Fidelity
http://www.cnbc.com/id/38782518

Trading On the Nasdaq? Prepare to Be Fried
http://www.cnbc.com/id/38766996

A roster of dividend-paying stocks to consider
http://www.marketwatch.com/story/a-roster-of-dividend-paying-stocks-to-consider-2010-08-20?siteid=rss&rss=1

Seeking the Truth — Or Obscuring It?
http://www.ritholtz.com/blog/2010/08/seeking-the-truth-or-obscuring-it/

Bear Market Math - Are the July Lows in Danger?
http://finance.yahoo.com/news/Bear-Market-Math-Are-the-July-etfguide-2985313684.html?x=0&.v=1

How to Trade: The Hindenburg Omen Stock Market Crash
http://www.thestreet.com/_yahoo/story/10837097/1/how-to-trade-the-hindenburg-omen-stock-market-crash.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA


Credit Markets
Morgan Stanley Issues Mea Culpa on Treasury Forecast
http://noir.bloomberg.com/apps/news?pid=20601087&sid=amp2QGp.zn1A&pos=4

Appeasing the Bond Gods
http://www.nytimes.com/2010/08/20/opinion/20krugman.html?wpisrc=nl_wonk

Credit Suisse Backs Biggest M&A Junk Financing as Yields Plunge
http://noir.bloomberg.com/apps/news?pid=20601087&sid=aA7wkcEcFAV0&pos=5

Basel Committee Says Bondholders Should Take Losses
http://noir.bloomberg.com/apps/news?pid=20601085&sid=aWyIaFP91cRs

THE MYTH OF THE GREAT BOND “BUBBLE”
http://pragcap.com/the-myth-of-the-great-bond-bubble

JPMorgan Said to Revamp Asset Management to Counter BlackRock
http://noir.bloomberg.com/apps/news?pid=20601087&sid=aa7dq0l_unew&pos=4

Why Bonds Are Most Certainly Not in a Bubble
http://seekingalpha.com/article/221569-why-bonds-are-most-certainly-not-in-a-bubble?source=hp_wc


Sentiment/Options/MoneyFlow
Kenneth Fisher Recommends Stocks as Pessimism Surges
http://noir.bloomberg.com/apps/news?pid=20601087&sid=aHT21jT7pDSo&pos=4

Fund Flows Paint a Contradictory Picture
http://news.morningstar.com/articlenet/article.aspx?id=348924

How To Blow A Bond Bubble
http://www.finance-insurance-loans.com/finance/money/chart-of-the-day-how-to-blow-a-bond-bubble/


Hedge Funds
Eight out of ten hedge fund strategies positive in July
http://www.hedgeweek.com/2010/08/20/58789/eight-out-ten-hedge-fund-strategies-positive-july


Private Equity
The Morning Leverage: Are VC-Backed Companies All The (Buyout) Rage?
http://blogs.wsj.com/privateequity/2010/08/20/the-morning-leverage-are-venture-backed-companies-all-the-buyout-rage/


Small Business
Small Businesses are Not Hiring - Why Should They?
http://globaleconomicanalysis.blogspot.com/2010/08/small-businesses-are-not-hiring-why.html

Best Financial Stories for August 19, 2010

Real Estate
Pent-Up Capital Generates ‘Ferocious’ Competition for Core, Distressed Shopping Centers
http://www.costar.com/News/Article.aspx?id=65563427848BF03D265032E24DB83E08&ref=100&iid=194&cid=4551B02CF9EBB4A3FD8AA99C29554FD4

CRE Lending Turns a Corner, But Still Has a Few More To Turn
http://www.costar.com/News/Article.aspx?id=C90725062200567171F1C68671C3D7BD&ref=100&iid=194&cid=4551B02CF9EBB4A3FD8AA99C29554FD4

This Week in Retail: Empty 'Big Boxes' Showing Resiliency in Strong Markets
http://www.costar.com/News/Article.aspx?id=505145D0C74AA98B2B6A8688ED34FFCE&ref=100&iid=194&cid=4551B02CF9EBB4A3FD8AA99C29554FD4

JPMorgan Said to Plan Biggest CMBS Offering of Year
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=al9o6LiRKc2A



Economy
Philly Fed double-dip disappoints
http://ftalphaville.ft.com/blog/2010/08/19/320601/philly-fed-double-dip-disappoints/

Don't Double Dip—Weekly Market Review
https://www.oppenheimerfunds.com/articles/article_08-16-10-120722.jsp

Reassessing The Probability Of A “Double Dip” Recession
http://www.tradersnarrative.com/reassessing-the-probability-of-a-double-dip-recession-4555.html

ECRI Watch: Further slight improvement, but tread carefully
http://www.investmentpostcards.com/2010/08/18/erci-watch-further-slight-improvement-but-tread-carefully/


How the fight over tax breaks affects your bottom line
http://www.washingtonpost.com/wp-srv/special/business/comparing-the-tax-plans/

Basel: Bank Rules Won't Hurt Growth
http://online.wsj.com/article/SB10001424052748703649004575436950880560936.html

Fed Officials All Over the Map in Explaining Policy Shift
http://blogs.wsj.com/economics/2010/08/18/fed-officials-all-over-the-map-in-explaining-policy-shift/?wpisrc=nl_wonk

Leading Index May Show U.S. Economy to Cool Through Year’s End
http://noir.bloomberg.com/apps/news?pid=20601087&sid=ab3ubnt3imF0&pos=4

Paychecks to Shrink Because of Higher Health Premiums
http://noir.bloomberg.com/apps/news?pid=20603037&sid=avQtmizfD1Ww

Gross On Debt
http://krugman.blogs.nytimes.com/2010/08/18/gross-on-debt/


Going for broke
http://www.economist.com/node/16843119?story_id=16843119&fsrc=scn/tw/dc/rss/dc

Crisis No More: The Success of Obama's Stimulus Program
http://www.brookings.edu/articles/2010/0817_stimulus_success_burtless.aspx?rssid=LatestFromBrookings&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+BrookingsRSS%2Ftopfeeds%2FLatestFromBrookings+%28Brookings%3A+Latest+From+Brookings%29

Bye-Bye to the Fed-Funds Rate
http://online.wsj.com/article/SB10001424052748703700904575391251303808226.html?mod=dist_smartbrief


Broke States Should Save Themselves By Selling Off Roads, Colleges, And Other Assets, Says Altucher
http://finance.yahoo.com/tech-ticker/article/535345/Broke-States-Should-Save-Themselves-By-Selling-Off-Roads%2C-Colleges%2C-And-Other-Assets%2C-Says-Altucher



Equity Market
The bond-stock decoupling is quite the Conundrum, Citi says
http://ftalphaville.ft.com/blog/2010/08/19/320151/the-bond-stock-decoupling-is-quite-the-conundrum-citi-says/


Byron Wien on Economy, Markets
http://www.ritholtz.com/blog/2010/08/byron-wien-on-economy-markets/

Taking Stock of a Scary Market Signal
http://online.barrons.com/article/SB50001424052970203651904575437701553249446.html?

Dismantling Bullish Arguments
http://finance.yahoo.com/news/Dismantling-Bullish-etfguide-2485049005.html?x=0&.v=1



Credit Markets
Flattening yield curve, flat-lining banks
http://ftalphaville.ft.com/blog/2010/08/19/319946/flattening-yield-curve-flat-lining-banks/


What is Happening with Bond Prices?
http://delong.typepad.com/sdj/2010/08/what-is-happening-with-bond-prices.html

Are Bank Stocks Such a Good Buy?
http://www.nakedcapitalism.com/2010/08/are-bank-stocks-such-a-good-buy.html

The unpoppable bond bubble
http://wallstreet.blogs.fortune.cnn.com/2010/08/18/the-unpoppable-bond-bubble/

The Battle Between (In/De)Flationists
http://www.surlytrader.com/the-battle-between-indeflationists/


Sentiment/Options/MoneyFlow
Bulls Scatter...Again
http://www.bespokeinvest.com/thinkbig/2010/8/18/bulls-scatteragain.html



Hedge Funds
Druckenmiller to Shut Fund After 30 Years as Stress Takes Toll
http://noir.bloomberg.com/apps/news?pid=20601014&sid=aQSyeyQp8fOI


Commodities
Finding New Ways to Fill the Tank
http://www.nytimes.com/2010/08/19/business/energy-environment/19fuel.html?_r=1&wpisrc=nl_wonk


Western Economies Face Hyperinflation: Gold Bull
http://www.cnbc.com/id/38767004


Small Business

Small Firms Lagging, With Bulk of Job Losses
http://online.wsj.com/article/SB10001424052748704557704575437650742168186.html?wpisrc=nl_wonk

Best Financial Stories for August 18, 2010

Real Estate
Mall REITs continue to post gains in the second quarter
http://retailtrafficmag.com/finance/analysis/clean_bill_health_reits_08182010/

Office-Leasing Rebound Could Be Deceiving
http://online.wsj.com/article/SB10001424052748703824304575435872263411694.html?mod=dist_smartbrief

Investing In Green-Building Real-Estate Companies Becoming More Viable
http://online.wsj.com/article/BT-CO-20100817-710016.html?mod=dist_smartbrief


Economy
ERCI Watch: Further slight improvement, but tread carefully
http://www.investmentpostcards.com/2010/08/18/erci-watch-further-slight-improvement-but-tread-carefully/


Senior Loan Officer Survey shows noteworthy improvements
http://www.investmentpostcards.com/2010/08/18/senior-loan-officer-survey-shows-noteworthy-improvements/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+wordpress%2FVYxj+%28Investment+Postcards+from+Cape+Town%29

What Deflation Means for Your Money
http://online.wsj.com/article/SB10001424052748704554104575435871360718144.html


Rosenberg – Video: Economic Cycle of Uncertainty
http://www.thedisciplinedinvestor.com/blog/2010/08/17/rosenberg-video-economic-cycle-of-uncertainty/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+thedisciplinedinvestor%2FEBHR+%28The+Disciplined+Investor%29


China Swallows Obama Stimulus Meant for U.S. Economy: Andy Xie
http://noir.bloomberg.com/apps/news?pid=20601039&sid=awzqAYrLaXZ8

Stop the market – the Fed wants to get off
http://ftalphaville.ft.com/blog/2010/08/18/318671/stop-the-market-the-fed-wants-to-get-off/

Every 1% increase in bank capital = 0.19% lost in GDP, BIS says
http://ftalphaville.ft.com/blog/2010/08/18/318991/every-1-increase-in-bank-capital-0-19-lost-in-gdp-bis-says/

NY Fed: Total Household Debt down 6.4% from the peak in 2008
http://www.calculatedriskblog.com/2010/08/ny-fed-total-household-debt-down-64.html

A “Lost Decade” for The U.S. Economy? Fat Chance
http://blogs.wsj.com/deals/2010/08/17/mike-mayo-spells-out-why-us-wont-have-japans-lost-decade/


Rogoff and Reinhart strike back
http://voices.washingtonpost.com/ezra-klein/2010/08/rogoff_and_reinhart_strike_bac.html


Equity Market
Warning, bear market 2010: 11 'sells.' Only 6 'buys'
http://www.marketwatch.com/story/its-going-to-get-worse-a-whole-lot-worse-2010-08-17


Sentiment improves towards Europe, survey shows
http://www.housingwire.com/2010/08/18/sentiment-improves-towards-europe-survey-shows



Dow to Tumble to 8,000, Prechter Forecasts: Technical Analysis
http://noir.bloomberg.com/apps/news?pid=20601084&sid=aIWQ4uhH4NzY


The cult of equity — dying hard, with a vengeance
http://thepriceofeverything.typepad.com/the_price_of_everything/2010/08/die-hard-with-a-vengeance.html

The art of reading 13-F filings
http://classic.abnormalreturns.com/the-art-of-reading-13-f-filings/

Cramer's Mad Money - 10 Reasons Not to Fear a Crash (8/17/10)
http://seekingalpha.com/article/221075-cramer-s-mad-money-10-reasons-not-to-fear-a-crash-8-17-10?source=yahoo

US is Cheap
http://www.rba-llc.com/docs/TheUSisCheap.pdf



Credit Markets
Long Term Bond ETFs: One Heck Of A Rally
http://etfdb.com/2010/long-term-bond-etfs-one-heck-of-a-rally/


The Great American Bond Bubble
http://online.wsj.com/article/SB10001424052748704407804575425384002846058.html

China Doubles Korea Bond Holdings as U.S. Debt Sold
http://noir.bloomberg.com/apps/news?pid=20601009&sid=amrb5My2ylrw

When Unconventional Becomes Conventional
http://www.pimco.com/Pages/WhenUnconventionalBecomesConventional.aspx

Bond Bubble? Perhaps – Initiating Position in (TBT)
http://www.thedisciplinedinvestor.com/blog/2010/08/18/bond-bubble-pehaps-initiating-position-in-tbt/

Do US Bonds Resemble Dot Com Stocks?
http://www.ritholtz.com/blog/2010/08/do-us-bonds-resemble-dot-com-stocks/



Sentiment/Options/MoneyFlow
Use Potash ‘Buy-Writes’ to Profit From Takeover, Capstone Says
http://noir.bloomberg.com/apps/news?pid=20601084&sid=abY1OHdhxE9I


Commodities
Copper May Top Year’s High in Second Half: Technical Analysis
http://noir.bloomberg.com/apps/news?pid=20601012&sid=a8f6i1mMRJPw

Oil Futures Show WTI 2012 Discount Disappearing: Energy Markets
http://noir.bloomberg.com/apps/news?pid=20601072&sid=ayB_ipoSDdb0

Golden excitement
http://www.marketwatch.com/story/a-contrarian-take-on-gold-2010-08-18

Best Financial Articles for August 17, 2010

Real Estate
The worst bet in real estate today: Construction loans
http://www.usatoday.com/money/industries/banking/2010-08-17-banks17_CV_N.htm

Grocery REITs That Can Fight Off Wal-Mart
http://online.barrons.com/article/SB50001424052970204451004575433484254095648.html

Fed Adopts Rules Meant to Protect Home Buyer
http://www.nytimes.com/2010/08/17/business/17mortgage.html?_r=2&hpw

Mortgage eligibility at heart of Fannie, Freddie debate
http://www.marketwatch.com/story/mortgage-eligibility-at-heart-of-fannie-debate-2010-08-16

Bill Gross Urges Full Nationalization Of GSEs
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=a6NdgoyXj2YM


Economy
Production, Housing Starts in U.S. Probably Increased in July
http://noir.bloomberg.com/apps/news?pid=20601083&sid=aRMzGVGAhE4o

Global Economic Recovery is `Well in Place,' Templeton's Mark Mobius Says
http://noir.bloomberg.com/apps/news?pid=20601013&sid=aSdaW1H5vBq0

Missing the Housing Bubble 101
http://ftalphaville.ft.com/blog/2010/08/17/317451/missing-the-housing-bubble-101/

Fed Watch: A Bleak View
http://economistsview.typepad.com/economistsview/2010/08/fed-watch-a-bleak-view.html

It's A Miracle! Bank Loan Officers Say
http://finance.yahoo.com/tech-ticker/article/535332/Its-A-Miracle!-Bank-Loan-Officers-Say-Theyre-Starting-To-Lend-Again

Capital Cushions Against a Credit Crunch
http://www.americanbanker.com/news/capital-cushions-against-a-credit-crunch-1024168-1.html



Equity Market
Buffett Restores J&J Holdings as Berkshire’s Cash Hoard Climbs
http://noir.bloomberg.com/apps/news?pid=20603037&sid=aQVBG6ktCBPQ

Bartels Sees ‘Correction’ in U.S. Stocks: Technical Analysis
http://noir.bloomberg.com/apps/news?pid=20601084&sid=almZ02sfvYgk




Credit Markets
China Reduces Long-Term Treasuries by Record Amount
http://noir.bloomberg.com/apps/news?pid=20601010&sid=ag9bFI7w3t18

Mortgage Bonds Slump on ‘Mega-Refi’ Concern: Credit Markets
http://noir.bloomberg.com/apps/news?pid=20601009&sid=a1RHcBD9AtXs

The world is enough for US Treasuries (maybe)
http://ftalphaville.ft.com/blog/2010/08/17/317306/the-world-is-enough-for-us-treasuries-maybe/

The Bond Market Bubble
http://blogs.wsj.com/deals/2010/08/16/deal-journal-video-the-bond-market-bubble/

Sentiment/Options/MoneyFlow
Investors Fleeing Stocks With Cash Flow Lure JPMorgan
http://noir.bloomberg.com/apps/news?pid=20603037&sid=aW1JCB01FoRM

Investors Cut Holdings of U.S. Stocks on Economy, Merrill Says
http://noir.bloomberg.com/apps/news?pid=20601084&sid=aNrTm3TFSZ98



Hedge Funds
Resurgence of controversial hedge fund strategy
http://www.ft.com/cms/s/0/7d1fdf24-a966-11df-a6f2-00144feabdc0.html?ftcamp=rss

MLPs: Strong Investment Vehicles in Uncertain Economic Times
http://seekingalpha.com/article/220947-mlps-strong-investment-vehicles-in-uncertain-economic-times?source=feed



Commodities
China Copper Consumption Growth to Slow, Antaike Says
http://noir.bloomberg.com/apps/news?pid=20601012&sid=afDAUT2bnaH8

Gold May Extend Six-Week High on Indications of Slowing Rebound
http://noir.bloomberg.com/apps/news?pid=20601012&sid=ajhLbz9JrKu8