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Daily Dispatches
Pleas for ECB rate cut grow as 1-month Euribor rate soars
Submitted by cpowell on Thu, 2007-11-29 23:40 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Friday, November 30, 3007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/11/29/bcneur...
A clutch of Europe's top economists have called on the European Central Bank to cut interest rates at its policy meeting next week, warning of severe downturn unless confidence is restored quickly to the banking system.
Bernanke hints at further rate cuts
Submitted by cpowell on Thu, 2007-11-29 19:40 Section: Daily DispatchesBy Jeannine Aversa
Associated Press
via Yahoo News
Thursday, November 29, 2007
http://news.yahoo.com/s/ap/20071130/ap_on_bi_ge/bernanke;_ylt=AqPHkK.Xb9...
John Crudele: The Treasury's missing minutes mystery
Submitted by cpowell on Thu, 2007-11-29 11:08 Section: Daily DispatchesBy John Crudele
New York Post
Thursday, November 29, 2007
http://www.nypost.com/seven/11292007/business/the_treasurys_missing_minu...
After a year and a half of stalling, the US Treasury finally complied with the Post's requests for information about The President's Working Group on Financial Markets -- by delivering 177 pages of crap.
China wins from credit crunch fallout
Submitted by cpowell on Wed, 2007-11-28 20:14 Section: Daily DispatchesFrom The Telegraph, London
Wednesday, November 28, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/11/28/ccrock...
Towards the end of September, a group of the world's most powerful bankers met for an emergency summit on the credit crunch which, days earlier, had threatened to topple Northern Rock, Britain's fifth-biggest bank.
Ted Butler: Sheer speculation?
Submitted by cpowell on Tue, 2007-11-27 16:15 Section: Daily Dispatches4:15p ET Tuesday, November 27, 2007
Dear Friend of GATA and Gold:
Another rescue from the Middle East for Citigroup
Submitted by cpowell on Mon, 2007-11-26 23:13 Section: Daily DispatchesAbu Dhabi to Bolster Citigroup
With $7.5 Billion Capital Infusion
By Robin Sidel
The Wall Street Journal
Tuesday, November 27, 2007
http://online.wsj.com/article/SB119613039399104832.html?mod=yahoo_hs&ru=...
You'll find your fortune falling all over town ...
Submitted by cpowell on Mon, 2007-11-26 20:33 Section: Daily DispatchesMake sure that your umbrella
Is upside-down.
* * *
Fed Plans to Ease Funding Pressures by Adding Cash
By Ye Xie and Craig Torres
Bloomberg News Service
Monday, November 26, 2007
http://www.bloomberg.com/apps/news?pid=20601087&sid=a5tREH0PkNj0&refer=home
Dimitri Speck: Gold's strange behavior during financial crisis
Submitted by cpowell on Mon, 2007-11-26 20:20 Section: Daily Dispatches8:13p ET Monday, November 26, 2007
Dear Friend of GATA and Gold:
With a new paper, "Gold's Strange Behavior During Financial Crisis," market reseacher Dimitri Speck, editor of Seasonal-Charts.com, expands on his work documenting central bank intervention against gold. It can be found at Gold-Eagle here:
'Super SIV' fund seen as device for ingratiating banks with the government
Submitted by cpowell on Mon, 2007-11-26 12:31 Section: Daily DispatchesBank of America Takes Lead
in Backing 'Super SIV' Fund
By David Mildenberg and Christopher Condon
Bloomberg News Service
Monday, November 26, 2007
http://www.bloomberg.com/apps/news?pid=20601087&sid=afLswJw550m8&refer=home
Dollar displaces yen, Swiss franc as favorite for carry-trade funding
Submitted by cpowell on Sun, 2007-11-25 23:42 Section: Daily DispatchesBy Bo Nielsen
Bloomberg News Service
Monday, November 26, 2007
http://www.bloomberg.com/apps/news?pid=20601103&sid=aWMXWN6PFHa4
NEW YORK -- Using the dollar to pay for purchases of currencies with higher yields is proving to be the most profitable trade in the foreign-exchange market.