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Daily Dispatches
Expectations grow for another interest rate cut by Fed
Submitted by cpowell on Sat, 2007-08-18 15:22 Section: Daily DispatchesWill the Fed's Cut Restore Calm, Saving Economy?
Most Economists Say Benanke and Fed Have More Work to Do
By Rex Nutting
MarketWatch.com
Friday, August 17, 2007
http://www.marketwatch.com/news/story/feds-friday-rate-cut-work/story.as...
Jim Sinclair: A new Sodom and Gomorrah run by the money changers
Submitted by cpowell on Fri, 2007-08-17 21:49 Section: Daily DispatchesBy Jim Sinclair
www.JSMineSet.com
Friday, August 17, 2007
Today takes the cake in geek speak. The talking heads discussed the following:
-- The Fed's moral hazard (as if they care).
-- The Bernanke put. (Why not? Greenspan did it.)
-- The Fed's problems with inter-temporal considerations. (Huh?)
In withdrawal line, Countrywide customer muses about buying gold
Submitted by cpowell on Fri, 2007-08-17 21:17 Section: Daily DispatchesCountrywide Bank Customers Fret Over Deposits
By Alexandria Sage
Reuters
Friday, August 17, 2007
http://www.reuters.com/article/domesticNews/idUSN1721531120070817
Bank of England suppresses speech on financial system's (in)stability
Submitted by cpowell on Fri, 2007-08-17 21:00 Section: Daily DispatchesBank Pulls Speech to Quell Instability
By Edmund Conway
The Telegraph, London
Friday, August 17, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/18/cnboe1...
The Bank of England has taken the unusual step of withholding a speech by a key executive for fear of adding to market insecurity.
Fed lectures financial houses: Borrow quick at our discount window
Submitted by cpowell on Fri, 2007-08-17 20:52 Section: Daily DispatchesUse of Discount Window Urged
By James Politi and Eoin Callan
Financial Times, London
Saturday, August 18, 2007
http://www.ft.com/cms/s/5b1d50c2-4d17-11dc-a51d-0000779fd2ac.html
The top executives of Wall Street's leading commercial and investment banks gathered on an emergency conference call for about 20 minutes on Friday morning to hear a stern message from the Federal Reserve.
James Turk: The Fed blinks
Submitted by cpowell on Fri, 2007-08-17 16:42 Section: Daily Dispatches4:40p ET Friday, August 17, 2007
Dear Friend of GATA and Gold:
In commentary published this afternoon, GoldMoney's James Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, reflects on the turmoil in the financial system and the Federal Reserve's reduction of interest rates this morning.
Fall dinner meeting of CMRE to be held in New York on Oct. 25
Submitted by cpowell on Fri, 2007-08-17 15:41 Section: Daily Dispatches3:35p ET Friday, August 17, 2007
Dear Friend of GATA and Gold:
The annual fall meeting of the Committee for Monetary Research and Education Inc. will be held Thursday evening, October 25, at the Union League Club, 38 East 37th St., New York, just a few blocks south of Grand Central Station.
Among the speakers:
GATA supporters hold lunch in Canberra on Sept. 3
Submitted by cpowell on Fri, 2007-08-17 11:49 Section: Daily Dispatches11:45a ET Friday, August 17, 2007
Dear Friend of GATA and Gold:
Fed cuts loan rate to banks by half percent
Submitted by cpowell on Fri, 2007-08-17 08:33 Section: Daily DispatchesBy Martin Crutsinger
Associated Press
via Yahoo News
Friday, August 17, 2007
http://news.yahoo.com/s/ap/20070817/ap_on_bi_ge/fed_interest_rates;_ylt=...
Fed takes junk collateral, slashes 1-month loan rate to 4%
Submitted by cpowell on Fri, 2007-08-17 00:38 Section: Daily DispatchesFed Steps in to Quell Credit Fears
By Ambrose Evans-Pritchard
The Telegraph, London
Friday, August 17, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/17/cnfed1...