Daily Dispatches

Central bankers worry whether action plan will work

Submitted by cpowell on Fri, 2007-12-14 08:21 Section: Daily Dispatches

By Mike Peacock
Reuters
Friday, December 14, 2007

http://www.reuters.com/article/ousiv/idUSL1339203520071214?sp=true

LONDON -- Top European central bankers expressed concern on Friday about the success of a concerted action plan to grease the wheels of seized-up money markets, as U.S. banking giant Citigroup faced fresh strife.

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Ambrose Evans-Pritchard: More liquidity without inflation?

Submitted by cpowell on Wed, 2007-12-12 23:47 Section: Daily Dispatches

World Bankers Resort to Firebreak

By Ambrose Evans-Pritchard
The Telegraph, London
Thursday, December 13, 2007

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/12/13/ccbank...

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James Turk: Liquidity won't help insolvency

Submitted by cpowell on Wed, 2007-12-12 23:14 Section: Daily Dispatches

11:15p ET Wednesday, December 12, 2007

Dear Friend of GATA and Gold:

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Martin Wolf: The helicopters start to drop money

Submitted by cpowell on Wed, 2007-12-12 21:59 Section: Daily Dispatches

By Martin Wolf
Financial Times, London
Wednesday, December 12, 2007

http://www.ft.com/cms/s/0/44eef7fa-a8da-11dc-ad9e-0000779fd2ac.html

The central bank helicopters are planning a co-ordinated drop of liquidity on troubled market waters. The money to be dropped now is not that large. But if this does not work, more will surely follow. The helicopters will fly again and again and again.

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Fed's money helicopters take off for Europe, Britain, Canada

Submitted by cpowell on Wed, 2007-12-12 09:53 Section: Daily Dispatches

Fed Teams With Central Banks on Credit

By Martin Crutsinger
Associated Press
via Yahoo News
Wednesday, December 12, 2007

http://news.yahoo.com/s/ap/20071212/ap_on_bi_ge/fed_credit_crunch;_ylt=A...

WASHINGTON -- The Federal Reserve announced Wednesday it is coordinating with other central banks to deal with the global credit crunch.

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Gold glitters in the eyes of Russia's billionaires

Submitted by cpowell on Wed, 2007-12-12 08:48 Section: Daily Dispatches

By Andy Hoffman
The Globe and Mail, Toronto
Wednesday, December 12, 2007

http://www.theglobeandmail.com/servlet/story/LAC.20071212.RGOLD12/TPStor...

For a growing list of Russian oligarchs, gold is the new oil.

Russia's wealthiest are piling into the bullion sector and eight of the country's 10 richest men are investing in gold.

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Fed to try another way of injecting banks with cash

Submitted by cpowell on Wed, 2007-12-12 08:43 Section: Daily Dispatches

By Krishna Guha and Michael Mackenzie
Financial Times, London
Tuesday, December 11, 2007

http://www.ft.com/cms/s/0/6bcfd8ee-a80d-11dc-9485-0000779fd2ac.html

The Federal Reserve is set to overhaul the way it provides liquidity support to financial markets, following a negative reaction to Tuesday’s interest rate cut.