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Daily Dispatches
European emergency cash injection exceeds amount issued after 9/11
Submitted by cpowell on Thu, 2007-08-09 17:09 Section: Daily DispatchesThe European Central Bank today promised to give everyone as much cash as he wanted. (See second paragraph below.)
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ECB in E95 Billion Move on Market Turmoil
By Gillian Tett, Richard Milne, and Krishna Guha
Financial Times, London
Thursday, August 9, 2007
http://www.ft.com/cms/s/a8c5829a-466e-11dc-a3be-0000779fd2ac.html
European Commission forbids gold sale by Italy
Submitted by cpowell on Thu, 2007-08-09 16:54 Section: Daily DispatchesBrussels Frees Italy from Gold Fever
By Paul Bompard
Financial Times, London
Thursday, August 9, 2007
http://www.ft.com/cms/s/ea495ee0-469f-11dc-a3be-0000779fd2ac.html
ECB gushes cash as credit market turmoil spreads
Submitted by cpowell on Thu, 2007-08-09 10:55 Section: Daily DispatchesStocks Tumble as French Bank
Reacts to Home Loan Worries
By Jeremy W. Peters
The New York Times
Thursday, August 9, 2007
http://www.nytimes.com/2007/08/10/business/worldbusiness/10bank-web.html...
Another shot in the currency fight: Chinese threaten divestment
Submitted by cpowell on Thu, 2007-08-09 09:11 Section: Daily DispatchesBy Krissah Williams
Washington Post
Thursday, August 9, 2007
http://www.washingtonpost.com/wp-dyn/content/article/2007/08/08/AR200708...
In a Wednesday opinion piece in the state-run China Daily, a Chinese government researcher made what sounded like a warning to U.S. policymakers not to get too tough in insisting the yuan should appreciate.
Bush, Paulson tell Chinese they'd be stupid to dump dollar
Submitted by cpowell on Wed, 2007-08-08 21:28 Section: Daily DispatchesFrom Agence France-Presse
via Yahoo News
Wednesday, August 8, 2007
http://news.yahoo.com/s/afp/20070808/pl_afp/usbushforexchina_070808205732
President George W. Bush on Wednesday said China would be "foolhardy" to attempt to push down the dollar in retaliation for US pressure over Beijing's alleged currency manipulation.
Disorderly dollar fall could damage Treasuries
Submitted by cpowell on Wed, 2007-08-08 15:55 Section: Daily DispatchesBy Burton Frierson
Reuters
Wednesday, August 8, 2007
http://www.reuters.com/article/reutersEdge/idUSN0826467920070808?sp=true
NEW YORK -- The U.S. Treasury market could suffer if the dollar's fall accelerates dramatically or becomes inflationary, though the dollar's orderly decline this year has yet to unnerve bond investors.
Democrats would unload junk mortgages onto Fannie and Freddie
Submitted by cpowell on Tue, 2007-08-07 22:22 Section: Daily DispatchesDemocrats Call for Action on Mortgage Crisis
By Andrew Ward and Stephanie Kirchgaessner
Financial Times, London
Tuesday, August 7, 2007
http://www.ft.com/cms/s/2842ea82-450f-11dc-82f5-0000779fd2ac.html
Chinese scholar warns U.S. to lay off currency issue
Submitted by cpowell on Tue, 2007-08-07 15:01 Section: Daily DispatchesBy He Fan
China Daily, Beijing
Tuesday, August 7, 2007
http://www.chinadaily.com.cn/opinion/2007-08/07/content_5448940.htm
The reform to China's exchange regime is being carried out in a market-oriented means toward a long-term target. Turing it into a political issue would only harm the process or even tarnish the ultimate target itself.
China threatens 'nuclear option' of dollar sales
Submitted by cpowell on Tue, 2007-08-07 14:38 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Tuesday, August 7, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/07/bcnchi...
The Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions to force a yuan revaluation.
MineWeb: Spain's central bank sells another 25 tonnes
Submitted by cpowell on Tue, 2007-08-07 11:10 Section: Daily DispatchesBy Rhona O'Connell
MineWeb
Tuesday, August 7, 2007
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