Daily Dispatches

Bailout can't hide it; the country is busted

Submitted by cpowell on Thu, 2008-09-25 10:22 Section: Daily Dispatches

By Chris Powell
Journal Inquirer, Manchester, Connecticut
Thursday, September 25, 2008

http://www.journalinquirer.com/articles/2008/09/25/chris_powell/doc48db9...

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Asia fears panic selling of U.S. debt, Chinese adviser says

Submitted by cpowell on Thu, 2008-09-25 09:01 Section: Daily Dispatches

By Kevin Hamlin
Bloomberg News
Thursday, September 25, 2008

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=anZHfo6tQi60

BEIJING -- Japan, China, and other holders of U.S. government debt must quickly reach an agreement to prevent panic sales leading to a global financial collapse, said Yu Yongding, a former adviser to the Chinese central bank.

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CFTC relents and probes silver market

Submitted by cpowell on Thu, 2008-09-25 08:51 Section: Daily Dispatches

Persistent Complaints of Foul Play Draw the Still-Skeptical Agency to Investigate

By Carolyn Cui
The Wall Street Journal
Thursday, September 25, 2008

http://online.wsj.com/article/SB122231175151874367.html

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Try filling up with Nymex gasoline futures

Submitted by cpowell on Thu, 2008-09-25 00:47 Section: Daily Dispatches

U.S. Gasoline Inventories Lowest Since 1967

By Tom Doggett
Reuters
Wednesday, September 24, 2008

http://www.reuters.com/article/domesticNews/idUSTRE48N85320080924

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China stops its banks from lending to U.S. banks

Submitted by cpowell on Thu, 2008-09-25 00:15 Section: Daily Dispatches

Mainland Lenders Ordered to Halt Interbank Deals with U.S. Firms

By Jane Cai and Adam Chen
South China Morning Post, Hong Kong
Thursday, September 25, 2008

http://www.scmp.com

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Treasuries lose appeal for Asian, European investors

Submitted by cpowell on Wed, 2008-09-24 20:51 Section: Daily Dispatches

By Daniel Kruger and Kyoungwha Kim
Bloomberg News
Wednesday, September 24, 200

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a.48CsrdmQvo

Investors outside the United States, who own more than half of all Treasuries outstanding, say the government's $700 billion plan to revive the banking system will diminish the appeal of the nation's bonds.

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Goldman shares got suspicious boost just before Buffett bid

Submitted by cpowell on Wed, 2008-09-24 20:15 Section: Daily Dispatches

By Kristina Cooke
Reuters
Wednesday, September 24, 2008

http://www.reuters.com/article/newsOne/idUSTRE48N7NB20080924

NEW YORK -- An unusual surge in Goldman Sachs' share price in the last 10 minutes of trading on Tuesday raised eyebrows on Wall Street, as it came two hours before news of Warren Buffett's big investment in the bank.

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Gold bugs see vindication in Wall Street mess

Submitted by cpowell on Wed, 2008-09-24 16:35 Section: Daily Dispatches

By Frank Tang
Reuters
Wednesday, September 24, 2008

http://www.reuters.com/article/ousivMolt/idUSTRE48N7X220080924

NEW YORK -- Die-hard gold believers, derided by mainstream investors because of their steadfast bullishness no matter what market conditions were like, feel vindicated by the current turmoil on Wall Street.