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Daily Dispatches
Housing decline, subprime mortgage crash 'largely contained,' Paulson says
Submitted by cpowell on Tue, 2007-03-13 22:58 Section: Daily DispatchesFrom Reuters
via Yahoo News
Tuesday, March 13, 2007
http://news.yahoo.com/s/nm/20070313/bs_nm/usa_subprime_paulson_dc;_ylt=A...
WASHINGTON -- U.S. Treasury Secretary Henry Paulson said on Tuesday a decline in U.S. housing activity has caused some damage in subprime mortgage markets but was not hurting the overall economy.
Blanchard & Co. research note: European central bank gold sales declining
Submitted by cpowell on Tue, 2007-03-13 22:12 Section: Daily DispatchesBy Neal R. Ryan
Vice President and Director of Economic Research
Blanchard and Co. Inc., New Orleans
Tuesday, March 13, 2007
Stewart Armstrong: United we will stand
Submitted by cpowell on Tue, 2007-03-13 21:49 Section: Daily Dispatches9:48p Et Tuesday, March 13, 2007
Dear Friend of GATA and Gold:
Mining industry analyst Stewart Armstrong has written a wonderful rant about gold, life, the universe, and everything, including a few generous compliments for GATA. It's called "United We Will Stand" and you can find it at GoldSeek here:
Hoping to turn party around, Ron Paul seeks Republican presidential nomination
Submitted by cpowell on Mon, 2007-03-12 23:44 Section: Daily DispatchesBy Gary Martin
San Antonio (Texas) Express-News
Monday, March 12, 2007
http://www.mysanantonio.com/news/metro/stories/MYSA031307.03A.Ron-Paul.3...
WASHINGTON -- Rep. Ron Paul of Texas formally announced his candidacy for the Republican presidential nomination Monday, saying people want to hear his libertarian message of limited government -- and he's willing to deliver it.
Treasury says subprime problem is manageable
Submitted by cpowell on Mon, 2007-03-12 21:09 Section: Daily DispatchesLike, what else are they going to say? "It's a disaster and we're going to have to reduce interest rates fast, devalue the dollar by 40 percent, and impose currency and credit controls"?
* * *
By Marcy Gordon
Associated Press
via Yahoo News
Monday, March 12, 2007
http://news.yahoo.com/s/ap/20070313/ap_on_bi_ge/subprime_lending;_ylt=Ar...
China promises more market liberalization, including gold
Submitted by cpowell on Mon, 2007-03-12 09:07 Section: Daily DispatchesBig Trade Surplus Overshadows China's Reform Pledge
By Eadie Chen and Tamora Vidaillet
Reuters
via Yahoo News
Monday, March 12, 2007
http://news.yahoo.com/s/nm/20070312/bs_nm/china_economy_dc;_ylt=AuiGiQRW...
China will keep buying U.S. Treasuries as it diversifies reserves
Submitted by cpowell on Sun, 2007-03-11 19:54 Section: Daily DispatchesBy Christina Soon
Bloomberg News Service
Sunday, March 11, 2007
http://www.bloomberg.com/apps/news?pid=20601087&sid=a5waLpE3W.zc&refer=home
BEIJING -- China will keep buying U.S. Treasuries after a new state investment agency begins operations to help the nation manage its $1.07 trillion foreign-exchange reserves, central bank Vice Governor Wu Xiaoling said.
Concern grows over inadequate funding of commodities trading regulator
Submitted by cpowell on Sun, 2007-03-11 13:53 Section: Daily DispatchesBy Jeremy Grant
Financial Times, London
Sunday, March 11, 2007
http://www.ft.com/cms/s/2b51ab1c-cfdc-11db-94cb-000b5df10621.html
WASHINGTON -- Concern that US regulators may be too financially stretched to continue adequately to oversee the booming futures markets was thrown into focus on Friday when a top Democrat promised to investigate the issue.
No more no-money-down mortgages from Countrywide
Submitted by cpowell on Sat, 2007-03-10 19:24 Section: Daily DispatchesFrom Reuters
Friday, March 9, 2007
http://news.yahoo.com/s/nm/20070309/bs_nm/subprime_countrywide_dc;_ylt=A...
Countrywide Financial Corp., the largest U.S. mortgage lender, on Friday told its brokers to stop offering borrowers the option of no-money-down home loans, according to a document obtained by Reuters.
A mining speculator fights a gold Goliath high in the Andes
Submitted by cpowell on Sat, 2007-03-10 17:40 Section: Daily DispatchesRick Westhead
Toronto Star
Saturday, March 10, 2007
http://www.thestar.com/article/190390
COPIAPO, Chile -- When mining speculator Rodolfo Villar discovered Canada's Barrick Gold Corp. wanted to buy his claim to a remote, rugged tract of land in the Andes mountains, he anticipated a million-dollar payday.
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