Reads: Negative Equity Falls to 21.5%, Goldman Lowers S&P Target, FRBSF Warning, Structured Notes Next Bubble

Global Link Arbitrage for 8/9/2010 (some articles are a few days old). I could arb links all day long.

Negative Equity Falls in Second Quarter, But National Home Values Continue to Decline
"Home values in the United States continued to decline in the second quarter of 2010, with the Zillow Home Value Index falling 3.2 percent year-over-year and 0.6 percent from the first quarter to $182,500. The national rate of decline decelerated from the first quarter, marking the second consecutive quarter of slowing declines, and negative equity fell to 21.5 percent, according to the second quarter Zillow Real Estate Market Reports(3)." (Zillow Press Release)
Bank of Japan Keeps Policy on Hold to Gauge Risk on Yen Gain - Bloomberg

JAL to Cut More than 19,000 Jobs by March 2015: Report - CNBC

China Trade Surplus Soars, Putting Yuan in Focus - CNBC

Goldman Sachs lowers 2010 S&P Target to 1,200 - Zero Hedge

Albert Edwards: U.S. Conference Board Leading Indicator Back in Recession Territory - Zero Hedge

China Property Prices Rise 10.3%, Least in Six Months - Bloomberg

CoStar: Commercial Real Estate Prices decline sharply in June - Calculated Risk

Hyatt Surpasses Zacks Consensus -

KKR Cancels Plans for $500 Million Offering (Kohlberg Kravis Roberts) - CNBC/Reuters

Future Recession Risks (Economic Letter) - FRBSF (San Francisco Fed)

Icahn Wagered $1 Billion on Energy Stocks During BP Oil Spill - Bloomberg

Ackman on Path to Own NYC's Stuyvesant Town - Reuters/NYT

China Stocks Extend Losses After Export Growth Slows; Oil Producers Drop - Bloomberg

Crude oil traveling up the food chain, specks of oil in crab larvae - AP

Matthew Simmons, Peak-Oil Advocate and Simmons & Co. Founder, Dies at 67 - Bloomberg

China Orders Factory Cutbacks - WSJ

JPM Equity Strategist Tom Lee Sees Higher S&P 500 as Economists Say Growth to Slow - Bloomberg

Structured Notes Are Wall Street's `Next Bubble,' Whalen Says - Bloomberg

Ohio city says plant closing to cost 400 jobs (Quad/Graphics) - Daytona Daily

420 will lose jobs with closing of plant - Daytona Daily

Lehman, HSBC May Be Sued Over Worthless `Minibonds' - Bloomberg

Skype files IPO registration with SEC - BusinessWeek

Sports Business:

Tigers, Red Wings owner Mike Ilitch wants to own Pistons, move team to Detroit - Detroit Free Press