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Daily Dispatches
Credit swap inventory was grossly incomplete
Submitted by cpowell on Thu, 2008-11-06 16:17 Section: Daily DispatchesCredit Swap Disclosure Obscures True Financial Risk
By Shannon D. Harrington and Abigail Moses
Bloomberg News
Thursday, November 6, 2008
http://www.bloomberg.com/apps/news?pid=20601109&sid=a0CcmxJQnS7A&refer=home
Rubin won't return to Treasury, boosting Summers' chances
Submitted by cpowell on Thu, 2008-11-06 15:35 Section: Daily DispatchesRubin Removes Himself for Consideration at Treasury
By Michael McKee
Bloomberg News
Thursday, November 6, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=a.T1Wv5QZHRU&refer=home
Big interest rate cuts in Britain and Europe
Submitted by cpowell on Thu, 2008-11-06 08:38 Section: Daily DispatchesBy Ralph Boulton
Reuters
Thursday, November 6, 2008
http://www.reuters.com/article/newsOne/idUSTRE49N5VU20081106
LONDON -- Britain slashed borrowing costs by a surprising 1.5 percentage points on Thursday and the European Central Bank (ECB) also cut rates as part of concerted efforts to revive world commerce and ward off deep recession.
Lance Lewis: Mother of all short squeezes for gold?
Submitted by cpowell on Wed, 2008-11-05 22:10 Section: Daily Dispatches10:07p ET Wednesday, November 5, 2008
Dear Friend of GATA and Gold:
Speculation about a short squeeze on the December gold contract on the New York Commodities Exchange continues to percolate, this time in some analysis by Lance Lewis at Minyanville, "Mother of All Short Squeezes for Gold?," which you can find here:
http://www.minyanville.com/articles/gold-libor-3M-comex/index/a/19867
Venezuela takes control of Crystallex project
Submitted by cpowell on Wed, 2008-11-05 14:57 Section: Daily DispatchesFrom Reuters
Wednesday, November 5, 2008
http://www.reuters.com/article/marketsNews/idUSN0531130420081105
CARACAS, Venezuela -- Venezuela will take over Canadian miner Crystallex's Las Cristinas gold project, one of Latin America's largest, the latest move by President Hugo Chavez to bring key industries into the hands of the state.
Financial Times: Be ready to print money like crazy
Submitted by cpowell on Wed, 2008-11-05 09:00 Section: Daily DispatchesWays Out of the Liquidity Trap
From the Financial Times, London
Monday, November 3, 2008
http://www.ft.com/cms/s/0/cb770c3e-a9f3-11dd-958b-000077b07658.html?ncli...
Having unleashed deflation, Fed mulls how to get inflation back
Submitted by cpowell on Tue, 2008-11-04 18:10 Section: Daily DispatchesDeflation Risk Boosts Inflation Target Case
By Krishna Guha
Financial Times, London
Tuesday, November 4, 2008
http://www.ft.com/cms/s/0/2d47d156-aaac-11dd-897c-000077b07658.html
WASHINGTON -- The risk of deflation could lead Ben Bernanke to approach the new administration and Congress next year about adopting an inflation target at the Federal Reserve, some experts believe.
Credit swaps are no problem, their inventors and managers insist
Submitted by cpowell on Tue, 2008-11-04 18:02 Section: Daily DispatchesCredit Swaps Said to Total Near $34 Trillion
By Shannon D. Harrington
Bloomberg News
Tuesday, November 4, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=aItLK7lFfmPA&refer=home
Brien Lundin: Is gold holding a wild card?
Submitted by cpowell on Tue, 2008-11-04 17:54 Section: Daily Dispatches5:48p ET Tuesday, November 4, 2008
Dear Friend of GATA and Gold:
Murray Pollitt: A 'New Bretton Woods' is likely to remonetize gold
Submitted by cpowell on Tue, 2008-11-04 17:34 Section: Daily Dispatches5:35p ET Tuesday, November 4, 2008
Dear Friend of GATA and Gold:
In a letter to clients today, Murray Pollitt of Pollitt & Co. in Toronto reflects on what a "new Bretton Woods" agreement would mean -- very possibly the formal remonetization of gold among the nations. You can read Pollitt's letter in PDF format here:
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