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Daily Dispatches
Are America's banks being nationalized by the Fed?
Submitted by cpowell on Sun, 2008-03-16 15:03 Section: Daily DispatchesBy Julie Satow
New York Sun
Wednesday, March 12, 2008
http://www.nysun.com/article/72721?page_no=1
While investors rejoiced yesterday at the news the Federal Reserve would flood the market with $200 billion in liquidity, a throng of economists and market commentators is fretting that the Fed's latest approach will accelerate inflation and weaken its own balance sheet.
Paulson defends Bear bailout, evades issue of more bailouts
Submitted by cpowell on Sun, 2008-03-16 11:45 Section: Daily DispatchesTreasury Chief Defends Fed's Intervention
By Jeannine Aversa
Associated Press
via Yahoo News
Sunday, March 16, 2008
http://news.yahoo.com/s/ap/20080316/ap_on_go_ca_st_pe/paulson_credit_cri...
Venezuela reported moving some oil contracts to euros
Submitted by cpowell on Sat, 2008-03-15 21:32 Section: Daily DispatchesFrom Agence France-Press
via Yahoo News
Saturday, March 15, 2008
http://news.yahoo.com/s/afp/20080315/bs_afp/venezuelacommoditiesoilcurre...
CARACAS -- Venezuelan state oil giant PDVSA has decided to sign some oil contracts in euros in the face of a plummeting dollar, local media reported, citing officials.
In the U.S., Big Brother monitors your every financial transaction
Submitted by cpowell on Sat, 2008-03-15 19:37 Section: Daily DispatchesThese are the laws of my administration ...
No one's allowed to smoke
Or tell a dirty joke
And whistling is forbidden.
If chewing gun is chewed
The chewer is pursued
And in the hoosegow hidden.
If any form of pleasure is exhibited,
Report to me and it will be prohibited.
I'll put my foot down.
So shall it be.
This is the land of the free.
More rate cuts from Fed expected Tuesday
Submitted by cpowell on Sat, 2008-03-15 19:02 Section: Daily DispatchesBy Jeannine Aversa
Associated Press
via Yahoo News
Saturday, March 15, 2008
http://news.yahoo.com/s/ap/20080315/ap_on_bi_ge/fed_interest_rates
WASHINGTON -- Desperate to aid an economy in crisis, the Federal Reserve is ready to deliver yet another big interest rate cut.
Ron Paul: What the price of gold is telling us
Submitted by cpowell on Sat, 2008-03-15 13:35 Section: Daily Dispatches1:30p ET Saturday, March 15, 2008
Dear Friend of GATA and Gold:
President convenes Plunge Protection Team on Monday
Submitted by cpowell on Sat, 2008-03-15 12:57 Section: Daily DispatchesBush to Meet with
Financial Policymakers
By James Vicini and Tim Ahmann
Reuters
Saturday, March 15, 2008
http://www.reuters.com/article/ousiv/idUSN1546284420080315
WASHINGTON -- President George W. Bush plans to meet on Monday with top U.S. financial policymakers, the White House said, with the meeting coming at a time of increased strains in credit markets.
James Turk: The other reason to own gold
Submitted by cpowell on Sat, 2008-03-15 02:19 Section: Daily Dispatches2:14a ET Saturday, March 15, 2008
Dear Friend of GATA and Gold:
Fed, not Morgan Chase, bears risk of Bear Stearns bailout
Submitted by cpowell on Sat, 2008-03-15 00:39 Section: Daily DispatchesFed Races to Rescue Bear Stearns
In Bid to Steady Financial System
Storied Firm Sees
Stock Plunge 47%;
J.P. Morgan Steps In
By Kate Kelly, Greg Ip, and Robin Sidel
The Wall Street Journal
Saturday, March 15, 2008
http://online.wsj.com/article/SB120550108028136579.html?mod=yahoo_hs&ru
Goldman expects 'explosive' commodities, oil rising to $175
Submitted by cpowell on Fri, 2008-03-14 11:44 Section: Daily DispatchesBy Claudia Carpenter and Alexander Kwiatkowski
Bloomberg News Service
Friday, March 14, 2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aUmQ3MBOkx_0
Commodities may have "explosive rallies" in the next couple of years, with crude oil rising to $175 a barrel, according to Goldman Sachs Group Inc.