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Daily Dispatches
Ted Butler: Bubble mania?
Submitted by cpowell on Tue, 2008-06-03 12:41 Section: Daily Dispatches12:40p ET Tuesday, June 3, 2008
Dear Friend of GATA and Gold:
Bank downgrades, Wachovia ouster rock markets
Submitted by cpowell on Mon, 2008-06-02 21:34 Section: Daily DispatchesBy Anastasija Johnson
Reuters
Monday, June 2, 2008
http://www.reuters.com/article/ousiv/idUSN0256564820080602
NEW YORK -- Downgrades of three U.S. investment banks, an ouster of Wachovia's chief executive, and a bleak U.K. housing market outlook from a British mortgage lender shook markets on Monday, reigniting fears that the global credit crunch will continue to hurt the world economy.
Wall Street's liabilities get new math: 2 minus 2 equals 4
Submitted by cpowell on Mon, 2008-06-02 13:58 Section: Daily DispatchesBy Bradley Keoun
Bloomberg News Service
Monday, June 2, 2008
http://www.bloomberg.com/apps/news?pid=20601109&sid=a2ppBYA0ELaU&refer=home
NEW YORK -- Leave it to Wall Street to profit from its own distress.
James Turk: Waiting for the dollar's next new low
Submitted by cpowell on Mon, 2008-06-02 08:27 Section: Daily Dispatches8:21a ET Monday, June 2, 2008
Dear Friend of GATA and Gold:
GoldMoney founder and GATA consultant James Turk writes that he's "Waiting for the Dollar's Next New Low," even as Treasury Secretary Hank Paulson is traveling the world defending the dollar's reserve currency status, which one supposes he wouldn't be doing if the dollar's reserve currency status wasn't in question:
Alex Wallenwein: The end of gold manipulation
Submitted by cpowell on Sat, 2008-05-31 23:25 Section: Daily Dispatches11:21p ET Saturday, May 31, 2008
Dear Friend of GATA and Gold:
Paulson visits Arabs to tell them how to spend their oil money
Submitted by cpowell on Sat, 2008-05-31 12:15 Section: Daily DispatchesSaudis Agree with Paulson on Keeping Dollar Peg
John Brinsley
Bloomberg News Service
Saturday, May 31, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=ay8XOXdaLAOg&refer=home
JEDDAH, Saudi Arabia -- U.S. Treasury Secretary Henry Paulson and Saudi Arabian Finance Minister Ibrahim Al-Assaf agreed that the Gulf kingdom benefits from keeping its currency pegged to the dollar.
Credit for Butler and Hommel, but none for the CFTC
Submitted by cpowell on Fri, 2008-05-30 21:54 Section: Daily Dispatches9:45p ET Friday, May 30, 2008
Dear Friend of GATA and Gold:
Reg Howe: Gold derivatives are moving up again
Submitted by cpowell on Fri, 2008-05-30 21:25 Section: Daily Dispatches9:15p ET Friday, May 30, 2008
Dear Friend of GATA and Gold:
Wall Street may get permanent credit line at Fed
Submitted by cpowell on Fri, 2008-05-30 15:04 Section: Daily DispatchesAnd central banks are reported to be negotiating to accept each other's junk collateral.
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Kohn Signals Wall Street May Get Permanent Access to Fed Loans
By Scott Lanman and Anthony Massucci
Bloomberg News Service
Friday, May 30, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=a7EKKQuCqhUA&refer=home
Debt markets again flash warnings
Submitted by cpowell on Wed, 2008-05-28 23:29 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Thursday, May 29, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/05/29/cndebt...
The debt markets in the US and Europe have begun to flash warning signals yet again, raising fears that the global credit crisis could be entering another turbulent phase.