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Daily Dispatches

Interest rate rift resembles one that led to 1987 market crash

Section: Daily Dispatches

U.S. Pins Economic Hopes
on $200 Billion Liquidity Boost

By Ambrose Evans-Pritchard
The Telegraph, London
Saturday, March 8, 2008

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/08/cnusfe...

Bad credit? No credit? Just call Fast Bennie at 202-775-0946

Section: Daily Dispatches

He just wants to get you a loan.

* * *

Fed Takes New Steps on Credit Crisis

By Jeannine Aversa
Associated Press
via Yahoo News
Friday, March 7, 2008

http://news.yahoo.com/s/ap/20080307/ap_on_bi_ge/fed_credit_crisis;_ylt=A...

IMF reform is a serious hurdle to gold sales

Section: Daily Dispatches

By Thomson Financial
via Forbes Magazine
Friday, March 7, 2008

http://www.forbes.com/markets/feeds/afx/2008/03/07/afx4747406.html

WASHINGTON -- When the Bush administration said in February that it could support the sale of a large chunk of the International Monetary Fund's gold supplies, gold prices fell a bit as investors saw the possibility of increased supply.

John Embry: Gold is still spectacularly underpriced

Section: Daily Dispatches

5:27p ET Thursday, March 6, 2008

Dear Friend of GATA and Gold:

Sprott Asset Management's chief investment strategist, John Embry, argues in Investor's Digest of Canada that gold remains spectacularly underpriced, especially insofar as its recent nominal highs are only a fraction of what gold's 1980 high would be when adjusted for inflation since then. You can find Embry's commentary here:

NY Fed chief says low rates are needed for some time

Section: Daily Dispatches

By Pedro Nicolaci da Costa
Reuters
Thursday, March 6, 2008

http://www.reuters.com/article/ousiv/idUSNAT00378020080306

NEW YORK -- The U.S. central bank may need to keep interest rates low for some time if extreme stresses in financial markets persist, threatening the economy, New York Federal Reserve President Timothy Geithner said.

Hawkish ECB dashes hopes for cutting interest rates

Section: Daily Dispatches

By Ambrose Evans-Pritchard
The Telegraph, London
Thursday, March 6, 2008

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/06/bcnecb...

The European Central Bank has dashed hopes for an interest rate cut in coming months, defying mounting calls from across the political and economic spectrum for monetary stimulus to head off a sharp slowdown.

Dollar still stronger than it might be, IMF says

Section: Daily Dispatches

By Lesley Wroughton
Reuters
via The Guardian, London
Thursday, March 6, 2008

http://www.guardian.co.uk/feedarticle?id=7363541

WASHINGTON -- The euro's rise has put it on the "strong side" on a medium-term basis but the U.S. dollar's value still needs to come down despite its recent decline, the International Monetary Fund said on Thursday.

With inflation rising, European central banks hold rates steady

Section: Daily Dispatches

By Matt Moore and Jane Wardell
Associated Press
via Yahoo News
Thursday, March 6, 2008

http://news.yahoo.com/s/ap/20080306/ap_on_bi_ge/europe_interest_rates;_y...

FRANKFURT, Germany -- The European Central Bank and Bank of England took similar paths Thursday by leaving their benchmark interest rates unchanged, but analysts expect cuts in the coming months.

Italy intervenes in bond market as spreads soar

Section: Daily Dispatches

By Ambrose Evans-Pritchard
The Telegraph, London
Thursday, March 6, 2008

http://www.telegraph.co.uk/money/main.jhtml?view=DETAILS&grid=&xml=/mone...

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