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Daily Dispatches
A bailout for the dollar too?
Submitted by cpowell on Fri, 2008-03-21 11:26 Section: Daily DispatchesFears about the greenback
are building, but currency
experts say a bailout by
central banks isn't likely.
By David Ellis
CNNMoney.com
Friday, March 21, 2008
http://money.cnn.com/2008/03/21/markets/dollar/index.htm?
NEW YORK -- Could the dollar be next in line for a bailout?
Broke, European banks get daily injections from ECB, BoE
Submitted by cpowell on Thu, 2008-03-20 20:53 Section: Daily DispatchesEurope's Central Banks Inject Additional Cash
By Joellen Perry
The Wall Street Journal
Friday, March 21, 2008
http://online.wsj.com/article/SB120601229992551599.html?mod=Homes
Revealed: The dirty tricks of rogue traders
Submitted by cpowell on Thu, 2008-03-20 20:26 Section: Daily DispatchesOf course the Securities and Exchange
Commission prevents anything like this
in the United States!
* * *
Revealed: The Dirty Tricks of Rogue Traders
By Robert Winnett
The Telegraph, London
Friday, March 21, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/21/nhedgi...
Investment firms tap Fed for billions
Submitted by cpowell on Thu, 2008-03-20 19:48 Section: Daily DispatchesPlenty of money here to rig
all sorts of markets with --
more than $13 billion daily.
* * *
By Jeannine Aversa
Associated Press
via Yahoo News
Thursday, March 20, 2008
http://news.yahoo.com/s/ap/20080320/ap_on_bi_ge/fed_credit_crisis;_ylt=A...
Jason Hommel: Silver shortage -- 19 dealers reported sold out
Submitted by cpowell on Thu, 2008-03-20 13:32 Section: Daily Dispatches1:30p ET Thursday, March 20, 2008
Dear Friend of GATA and Gold:
Investment banks are borrowing from Fed
Submitted by cpowell on Wed, 2008-03-19 13:02 Section: Daily DispatchesDon't you wish you could too?
* * *
By Dan Wilchens
Reuters
Wednesday, March 19, 2008
http://www.reuters.com/article/businessNews/idUSN1954536520080319
Backstopping Bear, Morgan saved the shadowy derivatives world
Submitted by cpowell on Wed, 2008-03-19 00:22 Section: Daily DispatchesMorgan Adds to Derivatives Muscle
By Serena Ng and David Reilly
The Wall Street Journal
Wednesday, March 19, 2008
With J.P. Morgan Chase & Co.'s rescue of Bear Stearns Cos., a behemoth in the complex world of derivatives trading has become even bigger, and the business is now more concentrated.
TV worth watching: Taylor on devaluation, Embry on gold suppression
Submitted by cpowell on Tue, 2008-03-18 23:47 Section: Daily Dispatches11:45p ET Tuesday, March 18, 2008
Dear Friend of GATA and Gold:
Jay Taylor, editor of J. Taylor's Gold & Technology Stocks newsletter, proved last Thursday that you can talk candidly in the United States about the deliberate devaluation of the dollar ... as long as you're in a soundproof studio in New York and your remarks are being broadcast only out of the country -- to Canada.
High oil prices likely to increase pressure on the dollar
Submitted by cpowell on Tue, 2008-03-18 23:13 Section: Daily DispatchesBy Steven C. Johnson
Reuters
Tuesday, March 18, 2008
http://www.reuters.com/article/reutersEdge/idUSN1761610620080318
NEW YORK -- The longer oil prices remain above $100, the worse things are likely to get for the U.S. dollar.
Amsterdam's small currency shops stop taking dollars
Submitted by cpowell on Tue, 2008-03-18 23:04 Section: Daily DispatchesBy Svebor Kranjc
Reuters
Tuesday, March 18, 2008
http://www.reuters.com/article/oddlyEnoughNews/idUSL1758265520080318
AMSTERDAM -- The U.S. dollar's value is dropping so fast against the euro that small currency outlets in Amsterdam are turning away tourists seeking to sell their dollars for local money while on vacation in the Netherlands.