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Daily Dispatches

Expectations grow for another interest rate cut by Fed

Section: Daily Dispatches

Will 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

Section: Daily Dispatches

By 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

Section: Daily Dispatches

Countrywide 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

Section: Daily Dispatches

Bank 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

Section: Daily Dispatches

Use 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

Section: Daily Dispatches

4:40p 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

Section: Daily Dispatches

3:35p 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

Section: Daily Dispatches

11:45a ET Friday, August 17, 2007

Dear Friend of GATA and Gold:

Fed cuts loan rate to banks by half percent

Section: Daily Dispatches

By 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%

Section: Daily Dispatches

Fed 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...

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