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Daily Dispatches
Dollar's fall could explode global yen carry trade
Submitted by cpowell on Tue, 2008-03-18 22:49 Section: Daily DispatchesBy Leo Lewis
The Times, London
Wednesday, March 19, 2008
http://business.timesonline.co.uk/tol/business/economics/article3578467.ece
Deepening misery on Wall Street, prophesies of recession, and the recent freefall of the dollar could set off a $300 billion (L148 billion) time bomb in the global yen carry trade, dealers are warning.
Ambrose Evans-Pritchard: Bailouts better than returning to 1930s
Submitted by cpowell on Tue, 2008-03-18 22:41 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, March 19, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/19/do1902...
Ted Butler: Life after Bear Stearns
Submitted by cpowell on Tue, 2008-03-18 14:49 Section: Daily Dispatches2:50p ET Tuesday, March 18, 2008
Dear Friend of GATA and Gold:
In commentary posted today at GoldSeek's companion site, SilverSeek, silver market analyst Ted Butler reviews new evidence of a shortage of silver. His essay is headlined "Life After Bear Stearns" and you can find it here:
http://news.silverseek.com/TedButler/1205864199.php
CHRIS POWELL, Secretary/Treasurer
U.S. Global's Holmes sees gold zigzagging to $2,000
Submitted by cpowell on Tue, 2008-03-18 13:10 Section: Daily DispatchesFrom MarketWatch.com
Tuesday, March 18, 2008
http://www.marketwatch.com/news/story/story.aspx?guid=%7B301FED8C%2DA4AA...
BOSTON -- Frank Holmes, chief executive officer at U.S. Global Investors, says that gold will hit $2,000 an ounce, and that while the move won't be straight there from current levels, investors should not be surprised by it.
'Strong euro' is only weak dollar, ECB board member says
Submitted by cpowell on Tue, 2008-03-18 13:00 Section: Daily DispatchesBy Matthew Brockett
Bloomberg News Service
Tuesday, March 18, 2008
http://www.bloomberg.com/apps/news?pid=20601100&sid=a3Hxwy2Mw6EQ
Fed rallies Wall Street to aid ailing Lehman Brothers
Submitted by cpowell on Mon, 2008-03-17 22:34 Section: Daily DispatchesBy Helen Power and James Quinn
The Telegraph, London
Tuesday, March 18, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/18/cnlehm...
Wall street's leading investment banks have rallied around ailing rival Lehman Brothers after the Federal Reserve Bank of New York urged them to support the institution in order to try to preserve financial stability.
Gretchen Morgenson: Rescue me -- Fed bailout crosses a line
Submitted by cpowell on Mon, 2008-03-17 21:25 Section: Daily DispatchesBy Gretchen Morgenson
The New York Times
Sunday, March 16, 2008
Rescuing dollar raises potential policy tug-of-war
Submitted by cpowell on Mon, 2008-03-17 20:58 Section: Daily DispatchesRescuing Dollar Raises
Potential Policy Tug of War
Treasury Intervention
Would Reduce Supply,
Undermining Fed Boost
By Craig Karmin
The Wall Street Journal
Tuesday, March 18, 2008
Banks want five times the emergency cash offered by Bank of England
Submitted by cpowell on Mon, 2008-03-17 20:47 Section: Daily DispatchesBritish Banks Hold Out Their Begging Bowls
By Siobhan Kennedy
The Times, London
Tuesday, March 18, 2008
http://business.timesonline.co.uk/tol/business/economics/article3572428.ece
High Street banks went with begging bowls to the Bank of England yesterday, seeking more than L23 billion in emergency loans as fears over the global credit crunch deepened.
Paulson wants 'strong dollar' but will world prop it up?
Submitted by cpowell on Mon, 2008-03-17 19:06 Section: Daily DispatchesPaulson Declines Comment
on Dollar Intervention
By Veronica Smith
Agence France-Presse
via Yahoo News
Monday, March 17, 2008
http://news.yahoo.com/s/afp/20080317/pl_afp/useconomymarketsforex_080317...