Daily Dispatches

Gold doesn't pay interest? Neither do money market funds

Submitted by cpowell on Mon, 2008-12-22 08:28 Section: Daily Dispatches

Money Market Funds Reel as Yields Hit Zero

By Deborah Brewster
Financial Times, London
Sunday, December 21, 2008

http://www.ft.com/cms/s/0/813bd074-cf8b-11dd-abf9-000077b07658.html?ncli...

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Where did the bailout money go? Banks keep it secret

Submitted by cpowell on Mon, 2008-12-22 08:18 Section: Daily Dispatches

By Matt Apuzzo
Associated Press
via Yahoo News
Monday, December 22, 2008

http://news.yahoo.com/s/ap/20081222/ap_on_go_ca_st_pe/meltdown_secrets

WASHINGTON -- It's something any bank would demand to know before handing out a loan: Where's the money going?

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AP finds $1.6 billion went to execs of bailed-out banks

Submitted by cpowell on Sun, 2008-12-21 14:21 Section: Daily Dispatches

By Frank Bass and Rita Beamish
Associated Press
via Yahoo News
Sunday, December 21, 2008

http://news.yahoo.com/s/ap/20081221/ap_on_bi_ge/executive_bailouts

Banks that are getting taxpayer bailouts awarded their top executives nearly $1.6 billion in salaries, bonuses, and other benefits last year, an Associated Press analysis reveals.

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Antal Fekete: Forward thinking on backwardation

Submitted by cpowell on Sun, 2008-12-21 12:02 Section: Daily Dispatches

12:01p ET Sunday, December 21, 2008

Dear Friend of GATA and Gold:

Economist and monetary historian Antal Fekete has replied again to critics of his analysis of backwardation in the gold market, this time with his essay "Forward Thinking on Backwardation," which can be found at 24hGold here:

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James Saft: How will the Fed dismount its tiger?

Submitted by cpowell on Sun, 2008-12-21 11:54 Section: Daily Dispatches

By James Saft
Reuters
Friday, December 19, 2008

http://blogs.reuters.com/great-debate/2008/12/19/how-will-the-fed-get-of...

The Federal Reserve and U.S. economy have two considerable risks now that quantitative easing is at hand: keeping the dollar from a disorderly decline and figuring out how to dismount from the tiger.

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Liam Halligan: Fed's foolhardiness is more worrisome than deflation

Submitted by cpowell on Sat, 2008-12-20 20:53 Section: Daily Dispatches

By Liam Halligan
The Telegraph, London
Saturday, December 20, 2008

http://www.telegraph.co.uk/finance/comment/liamhalligan/3870090/US-Feds-...

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John Embry: U.S. calls tune as gold, silver plunge

Submitted by cpowell on Sat, 2008-12-20 12:08 Section: Daily Dispatches

12:05p ET Saturday, December 20, 2008

Dear Friend of GATA and Gold:

Sprott Asset Management's John Embry writes in detail about the gold price suppression scheme in his latest essay for Investor's Digest of Canada. It's headlined "U.S. Calls the Tune as Gold, Silver Plunge" and you can find it in PDF format at the Sprott Internet site here: