Daily Dispatches

Fed, Treasury brokering deal to rescue Lehman Brothers

Submitted by cpowell on Thu, 2008-09-11 22:37 Section: Daily Dispatches

Lehman 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...

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Fed's next move could be to cut, not raise interest rates

Submitted by cpowell on Thu, 2008-09-11 22:15 Section: Daily Dispatches

By 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.

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Central banks may be destroying their own tool, the futures markets

Submitted by cpowell on Thu, 2008-09-11 21:42 Section: Daily Dispatches

9:41p ET Thursday, September 11, 2008

Dear Friend of GATA and Gold:

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Bank of England refuses permanent support to mortgage lenders

Submitted by cpowell on Thu, 2008-09-11 21:12 Section: Daily Dispatches

Bank 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.

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CFTC acknowledges possible off-market commodity price manipulation

Submitted by cpowell on Thu, 2008-09-11 21:01 Section: Daily Dispatches

CFTC 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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Gold price suppression makes CNBC thanks to Tyche analyst

Submitted by cpowell on Thu, 2008-09-11 14:09 Section: Daily Dispatches

2p ET Thursday, September 11, 2008

Dear Friend of GATA and Gold:

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Kinross CEO notices paradox of falling Comex price, exploding demand

Submitted by cpowell on Thu, 2008-09-11 08:55 Section: Daily Dispatches

8:49a ET Thursday, September 11, 2008

Dear Friend of GATA and Gold:

Read more about Kinross CEO notices paradox of falling Comex price, exploding demand

Gold bar shortage in Singapore and Hong Kong

Submitted by cpowell on Thu, 2008-09-11 08:43 Section: Daily Dispatches

By Lewa Pardomuan
Reuters
Thursday, September 11, 2008

http://africa.reuters.com/wire/news/usnBAN123554.html

SINGAPORE -- Gold regained strength on Thursday as more physical buyers resurfaced after prices struck another 11-month low, but the U.S. dollar's strength against the euro threatened to cap gains.