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