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Daily Dispatches
Fed considers rate cut as recession fears mount
Submitted by cpowell on Thu, 2008-10-02 10:34 Section: Daily DispatchesBy Sudeep Reddy, Jon Hilsenrath, and Timothy Aeppel
The Wall Street Journal
Thursday, October 2, 2008
Federal Reserve officials are weighing further interest-rate cuts, even if Congress passes a $700 billion rescue plan, in the face of a deteriorating economic outlook and severely strained financial conditions.
Momentum grows to ease mark-to-market accounting rules
Submitted by cpowell on Wed, 2008-10-01 22:58 Section: Daily DispatchesBy Elizabeth Williamson and Kara Scannell
The Wall Street Journal
Thursday, October 2, 2008
http://online.wsj.com/article/SB122290736164696507.html
WASHINGTON -- The banking industry and a band of lawmakers have used the scramble to salvage the financial-markets rescue plan to give new life to an industry push to avoid billions in further write-downs with the stroke of a regulatory pen.
Former Treasury secretary calls bailout plan 'crazy'
Submitted by cpowell on Wed, 2008-10-01 22:45 Section: Daily DispatchesBy Brendan Murray
Bloomberg News
Wednesday, October 1, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=atJMmClVjevU&refer=home
Former U.S. Treasury Secretary Paul O'Neill said the $700 billion bank-rescue proposal under negotiation in Washington is "crazy," with potentially "awful" consequences for the world's largest economy.
Comex prices aren't real, so root for them to go to zero
Submitted by cpowell on Wed, 2008-10-01 20:45 Section: Daily Dispatches8:40p ET Wednesday, October 1, 2008
Dear Friend of GATA and Gold (and Silver):
Ambrose Evans-Pritchard: Europe's banks more leveraged than U.S. banks
Submitted by cpowell on Wed, 2008-10-01 20:03 Section: Daily DispatchesSo Much for Tirades Against American Greed
By Ambrose Evans-Pritchard
The Telegraph, London
Thursday, October 2, 2008
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/311899...
James Turk: Wealth destruction now is inflationary
Submitted by cpowell on Wed, 2008-10-01 13:58 Section: Daily Dispatches2p ET Wednesday, October 1, 2008
Dear Friend of GATA and Gold:
Investors start fresh gold rush
Submitted by cpowell on Wed, 2008-10-01 11:51 Section: Daily DispatchesBy Javier Blas
Financial Times, London
Wednesday, October 1, 2008
http://www.ft.com/cms/s/0/9ce251de-8f37-11dd-946c-0000779fd18c.html?ncli...
"Fiat money, in extremis, is accepted by nobody," Alan Greenspan, the former chairman of the US Federal Reserve, told lawmakers in Washington almost a decade ago. "Gold is always accepted," he added.
World begins to notice U.S. irreponsibility and hypocrisy
Submitted by cpowell on Tue, 2008-09-30 21:40 Section: Daily DispatchesU.S. 'Casino' Mentality Blamed for Planet's Meltdown
By Alan Clendenning
Associated Press
via Yahoo News
Tuesday, September 30, 3008
http://news.yahoo.com/s/ap/20080930/ap_on_re_la_am_ca/lt_meltdown_pointi...
Remember, only gold and silver markets are NOT rigged
Submitted by cpowell on Tue, 2008-09-30 21:22 Section: Daily Dispatches9:11p ET Tuesday, September 30, 2008
Dear Friend of GATA and Gold:
Even though U.S. Treasury Secretary Henry Paulson was quoted yesterday, as in the Bloomberg News story appended here, as saying that the U.S. government would use "'all the tools at our disposal' to protect the financial markets". ...
Ireland's guarantee of banks is twice country's GNP
Submitted by cpowell on Tue, 2008-09-30 20:23 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Tuesday, September 30, 2008
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3111122...
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