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Daily Dispatches
Gold starts to look good to commodities guru Rogers
Submitted by cpowell on Fri, 2008-09-12 22:52 Section: Daily Dispatches10:50p ET Friday, September 12, 2008
Dear Friend of GATA and Gold:
Not long ago commodities guru Jim Rogers was disparaging gold and predicting that lead and zinc had much better price prospects. The story from India's Business Standard appended here suggests that Rogers has completely changed his mind. It would be nice if someone asked him for a little more explanation.
Jason Hommel: Why don't the miners do something?
Submitted by cpowell on Fri, 2008-09-12 22:36 Section: Daily Dispatches10:30p ET Friday, September 12, 2008
Dear Friend of GATA and Gold:
John Embry: When gold is gone, market will go nuts
Submitted by cpowell on Fri, 2008-09-12 22:26 Section: Daily Dispatches10:20p ET Friday, September 12, 2008
Dear Friend of GATA and Gold:
Morgan Chase aiming to acquire Washington Mutual
Submitted by cpowell on Fri, 2008-09-12 14:18 Section: Daily DispatchesBy John Poirier
Reuters
Friday, September 12, 2008
http://www.reuters.com/article/ousiv/idUSWAT01003820080912
WASHINGTON -- JPMorgan Chase & Co. is in advanced discussions to acquire Washington Mutual Inc., a source familiar with the discussions said on Friday. "They are in advanced talks," the source told Reuters.
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Mortgage mess seen pushing China away from dollars
Submitted by cpowell on Thu, 2008-09-11 23:16 Section: Daily DispatchesChina May Cut Its Dollar Holdings: CICC
From China Daily, Beijing
Friday, September 12, 2008
http://www.chinadaily.com.cn/china/2008-09/12/content_7020656.htm
China, which holds a fifth of its currency reserves in Fannie Mae and Freddie Mac debt, may cut the portion held in US dollars, according to China International Capital Corp. (CICC), one of the nation's biggest investment banks.
Fed, Treasury brokering deal to rescue Lehman Brothers
Submitted by cpowell on Thu, 2008-09-11 22:37 Section: Daily DispatchesLehman Races to Find a Buyer
Bank of America Is Said
To Be in Preliminary Talks;
U.S. Plays Matchmaking Role
By Matthew Karnitschnig, Carrick Mollenkampf,
Susanne Craig, and Annelena Lobb
The Wall Street Journal
Friday, September 12, 2008
http://online.wsj.com/article/SB122116292232524671.html?mod=hpp_us_whats...
Fed's next move could be to cut, not raise interest rates
Submitted by cpowell on Thu, 2008-09-11 22:15 Section: Daily DispatchesBy Chris Isidore
CNNMoney.com
Thursday, September 11, 2008
http://money.cnn.com/2008/09/10/news/economy/fed_outlook/index.htm
NEW YORK -- While the Federal Reserve is widely expected to once again hold a key interest rate at 2% when it meets on Tuesday, there is a growing sense that the Fed may have to cut rates by the end of the year.
Central banks may be destroying their own tool, the futures markets
Submitted by cpowell on Thu, 2008-09-11 21:42 Section: Daily Dispatches9:41p ET Thursday, September 11, 2008
Dear Friend of GATA and Gold:
Bank of England refuses permanent support to mortgage lenders
Submitted by cpowell on Thu, 2008-09-11 21:12 Section: Daily DispatchesBank of England Cannot Save Mortgage Market, Its Governor Says
By Edmund Conway
The Telegraph, London
Thursday, September 11, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/09/12/cnking...
Britain's stricken mortgage lenders cannot rely on the Bank of England to support them through the credit crisis, Mervyn King has warned.
CFTC acknowledges possible off-market commodity price manipulation
Submitted by cpowell on Thu, 2008-09-11 21:01 Section: Daily DispatchesCFTC Moves to Curb Commodity Speculation
By Javier Blas
Financial Times, London
Thursday, September 11, 2008
http://www.ft.com/cms/s/0/25869288-8025-11dd-99a9-000077b07658.html?ncli...
New steps to curb speculation in commodity markets have been launched by US regulators in response to growing pressure from Washington lawmakers.
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