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IMF bailout of Ukraine is actually rescue of Western investment houses and Russian banks
Submitted by cpowell on Thu, 2014-03-27 19:52 Section: Daily Dispatches7:50a HKT Friday, March 28, 2014
Dear Friend of GATA and Gold:
A summary of some important news will have to suffice for this travel day.
The London Telegraph's Ambrose Evans-Pritchard notes that the International Monetary Fund's bailout for Ukraine is actually a rescue of Western investment houses and Russian banks:
London to become Chinese currency trading center
Submitted by cpowell on Thu, 2014-03-27 04:28 Section: Daily DispatchesBy Harry Wilson
The Telegraph, London
Wednesday, March 26, 2014
London will become the first center outside Asia in which investors will be able to clear and settle Chinese renminbi trades.
The major boost to the City came after the Treasury said Britain and China would next week sign an agreement opening the way to much greater volumes of renminbi-denominated trading in the UK.
Mike Kosares: Volcker Rule starts April 1 and might push big banks out of gold
Submitted by cpowell on Wed, 2014-03-26 21:50 Section: Daily Dispatches9:48a HKT Thursday, March 27, 2014
Dear Friend of GATA and Gold:
Speculative trading by banks is to end in the United States on April 1 upon implementation of the "Volcker Rule," Mike Kosares of Centennial Precious Metals in Denver notes today, with implications for the gold market.
Koos Jansen: A first glance at U.S. official gold reserves audits
Submitted by cpowell on Wed, 2014-03-26 21:28 Section: Daily Dispatches9:35a HKT Thursday, March 27, 2014
Dear Friend of GATA and Gold:
Evans-Pritchard sees Russia as loser in Crimea, Roberts as winner
Submitted by cpowell on Wed, 2014-03-26 21:04 Section: Daily Dispatches9a HKT Thursday, March 27, 2014
Dear Friend of GATA and Gold:
The London Telegraph's Ambrose Evans-Pritchard argues today that Russia's Crimean adventure will inflict a devastating cost on the country and that China, far from being in league with Russia, is actually clawing away at its neighbor's interests in central Asia:
Intervention is killing commodity hedge funds, Turk tells KWN
Submitted by cpowell on Wed, 2014-03-26 20:55 Section: Daily Dispatches8:50a HKT Thursday, March 26, 2014
Dear Friend of GATA and Gold:
UBS said to suspend FX traders in New York, Zurich, and Singapore
Submitted by cpowell on Wed, 2014-03-26 20:48 Section: Daily DispatchesBy Liam Vaughan, Ambereen Choudhury, and Gavin Finch
Bloomberg News
Wednesday, March 26, 2014
LONDON -- UBS suspended foreign-exchange traders in the United States, Singapore, and Switzerland as its investigation into the alleged rigging of currency markets widened, according to a person with knowledge of the matter.
European Central Bank now considering even negative interest rates
Submitted by cpowell on Wed, 2014-03-26 03:56 Section: Daily DispatchesECB Mulls Bolder Moves to Guard Against Low Inflation
By Brian Blackstone
The Wall Street Journal
Tuesday, March 25, 2014
European Central Bank officials sent strong signals Tuesday that they are willing to consider dramatic steps to guard against dangerously low inflation, suggesting that the bank is prepared to shed some of its traditionally cautious approach.
Americans can't retire as Bill Gross sees 'financial repression'
Submitted by cpowell on Tue, 2014-03-25 21:13 Section: Daily DispatchesAs if it's exclusive to interest rates!
* * *
By Jeff Kearns, Steve Matthews, and Katherine Peralta
Bloomberg News
Tuesday, March 25, 2014
Twelve years after retiring as a telephone repairman, Roger Wood clocks 12 to 15 hours a week at a Lowe's hardware store near Glen Allen, Virginia.
Bundesbank seen softening on bond monetization in Europe
Submitted by cpowell on Tue, 2014-03-25 20:27 Section: Daily Dispatches8:25a HKT Wednesday, March 26, 2014
Dear Friend of GATA and Gold:
The London Telegraph's Ambrose Evans-Pritchard reports that the German Bundesbank is beginning to drop its opposition to government bond monetization in Europe:
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100026946/mo...
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