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Daily Dispatches
Liquidity crisis grows as Libor rates gap hits 20-year high
Submitted by cpowell on Tue, 2007-09-04 23:39 Section: Daily DispatchesBy Philip Aldrick
The Telegraph, London
Wednesday, September 5, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/09/05/cnlibo...
Pressure is mounting on the Bank of England to intervene in the credit crisis after money-market lending rates jumped to a 20-year record and economists warned that central banks have "not properly recognised the dangers" ahead.
Letting euro appreciate risks deflation, Nobel laureate Mundell warns
Submitted by cpowell on Tue, 2007-09-04 22:49 Section: Daily DispatchesBy Steven C. Johnson and Kevin Plumberg
Reuters
Tuesday, September 4, 2007
http://www.reuters.com/article/marketsNews/idUKN0443888520070905?rpc=44&...
NEW YORK -- The euro's steady appreciation against the dollar in the last several years threatens to devastate the European economy by tipping it into deflation, Nobel Prize laureate Robert Mundell said on Tuesday.
Ted Butler: Actions speak louder than words
Submitted by cpowell on Tue, 2007-09-04 16:38 Section: Daily Dispatches4:40p ET Tuesday, September 4, 2007
Dear Friend of GATA and Gold:
Will Japan be next to feel fallout of U.S. financial crisis?
Submitted by cpowell on Tue, 2007-09-04 08:37 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Tuesday, September 4, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/09/04/cnjapa...
Japan's economy has slowed sharply over the summer and may now be on the brink of recession, dampening hopes that Asia will buttress world growth as America battles the sub-prime housing crisis.
Jay Taylor addresses inflation/deflation and junior miners on BNN
Submitted by cpowell on Mon, 2007-09-03 14:00 Section: Daily Dispatches2p ET Monday, September 3, 2007
Dear Friend of GATA and Gold:
Treasury market volatility is highest in three years
Submitted by cpowell on Mon, 2007-09-03 13:22 Section: Daily DispatchesBy Elizabeth Stanton and Daniel Kruger
Bloomberg News Service
Tuesday, September 4, 2007
http://www.bloomberg.com/apps/news?pid=20601087&sid=aBEqFwt9XgUs&refer=home
James Turk: Gold closes August at nearly a record high
Submitted by cpowell on Sun, 2007-09-02 19:01 Section: Daily Dispatches7p ET Sunday, September 2, 2007
Dear Friend of GATA and Gold:
Don't look now, but GoldMoney founder James Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, has gotten out his charts again and reports that gold finished August just off a record high -- the third-highest monthly closing price ever.
Credit turmoil seen as a run in the 'shadow' banking system
Submitted by cpowell on Sun, 2007-09-02 16:34 Section: Daily DispatchesBy Krishna Guha
Financial Times, London
Sunday, September 2, 2007
http://www.ft.com/cms/s/0/d79548f2-5984-11dc-aef5-0000779fd2ac.html
Too-low interest rates caused housing boom and bust, central bankers told
Submitted by cpowell on Sun, 2007-09-02 08:51 Section: Daily DispatchesBy Alister Bull
Reuters
Saturday, September 1, 2007
http://www.reuters.com/article/businessNews/idUSN0144589820070901
JACKSON HOLE, Wyoming -- In rare public criticism of Alan Greenspan, former U.S. Undersecretary for International Affairs John Taylor said on Saturday that ultra-low Federal Reserve interest rates had stoked the U.S. housing boom and subsequent bust.
John Hathaway: A new chapter for gold
Submitted by cpowell on Sun, 2007-09-02 00:37 Section: Daily Dispatches12:35a ET Sunday, September 2, 2007
Dear Friend of GATA and Gold:
John Hathaway, manager of the Tocqueville Gold Fund, argues in his latest essay, "A New Chapter for Gold," that the turmoil in the credit markets is the ideal scenario for launching gold to record highs. You can find Hathaway's essay at Gold-Eagle here:
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