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Daily Dispatches
Nationalize Freddie and Fannie, Greenspan says
Submitted by cpowell on Thu, 2008-07-31 23:54 Section: Daily DispatchesThey've been given the key to the Treasury, and shorting them has been outlawed. So, Alan, haven't they been nationalized already?
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Greenspan Says Housing Prices Not Yet Near Bottom
By Steve Matthews
Bloomberg News Service
Thursday, July 31, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=aq_FnETHl1gM&refer=home
Stressed banks borrow record amount from Fed
Submitted by cpowell on Thu, 2008-07-31 23:48 Section: Daily DispatchesBy John Parry
Reuters
Thursday, July 31, 2008
http://www.reuters.com/article/ousiv/idUSN3163777720080731?sp=true
NEW YORK -- Banks borrowed a record amount of funds from the Federal Reserve in the latest week as the year-old credit crisis took a persistent toll, while the commercial paper market continued to contract, signaling tough conditions for short term borrowers.
Don't despair -- the New Orleans conference is on the way
Submitted by cpowell on Thu, 2008-07-31 11:23 Section: Daily Dispatches11:20a ET Thursday, July 31, 2008
Dear Friend of GATA and Gold:
Drop those barbiturates! Put down that razor blade! Now step out of the bathtub! And -- oh, jeez -- wrap yourself in a towel!
This is no time for gold investors to despair, and no time for any investors to be naked anything. For the New Orleans Investment Conference is on the way.
Inflation in Europe reported at 16-year high
Submitted by cpowell on Thu, 2008-07-31 08:48 Section: Daily DispatchesBy Fergal O'Brien
Bloomberg News Service
Thursday, July 31, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=afAiVyGGAmpM&
Inflation in Europe accelerated to the fastest pace in more than 16 years in July, restricting the European Central Bank's room to bolster the economy even as unemployment starts to increase.
Borrow from Fed and you get protection against shorting
Submitted by cpowell on Wed, 2008-07-30 15:01 Section: Daily DispatchesSEC Extends Ban on Shorting Fannie, Freddie
By David Scheer and Edgar Ortega
Bloomberg News Service
Wednesday, July 30, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=a2TrS9t34oao&refer=home
Central banks extend emergency credit; rate hikes less likely
Submitted by cpowell on Wed, 2008-07-30 14:31 Section: Daily DispatchesAnd now you know why gold has been bombed this week.
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Central Banks Fire New Round at Credit Crisis
By Glenn Somerville
Reuters
Wednesday, July 30, 2008
James Turk: More than a helping hand
Submitted by cpowell on Wed, 2008-07-30 08:47 Section: Daily Dispatches8:45a ET Wednesday, July 30, 2008
Dear Friend of GATA and Gold:
IMF sees no end to credit crisis
Submitted by cpowell on Mon, 2008-07-28 16:24 Section: Daily DispatchesBut maybe selling more gold will help. ...
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By Krishna Guha
Financial Times, London
Monday, July 28, 2008
http://www.ft.com/cms/s/0/a3deb7da-5caf-11dd-8d38-000077b07658.html?ncli...
Global financial markets are "fragile" and indicators of systemic risk remain "elevated" almost a year into the credit crisis, the International Monetary Fund said on Monday.
Ted Butler: Oil market manipulation was on the short side
Submitted by cpowell on Mon, 2008-07-28 15:15 Section: Daily Dispatches3:15p ET Monday, July 28, 2008
Dear Friend of GATA and Gold:
If you ever have trouble receiving the GATA Dispatch
Submitted by cpowell on Sun, 2008-07-27 21:50 Section: Daily Dispatches9:40p ET Sunday, July 27, 2008
Dear Friend of GATA and Gold:
Please pardon the distraction of a few technical issues.
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