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Daily Dispatches
Fed has little room to keep cutting rates, European central banker warns
Submitted by cpowell on Mon, 2008-01-14 16:50 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Monday, January 14, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/01/14/bcnfed...
Rumours of an emergency rate cut over coming days by the US Federal Reserve have swept the global markets, setting off a fresh plunge in the dollar.
Anna Schwartz blames Fed for sub-prime crisis
Submitted by cpowell on Sun, 2008-01-13 16:13 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Sunday, January 13, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/01/13/ccschw...
As rebukes go in the close-knit world of central banking, few hurt as much as the scathing indictment of US Federal Reserve policy by Professor Anna Schwartz.
Odds rising for recession, rate cuts, tax rebates
Submitted by cpowell on Sun, 2008-01-13 12:29 Section: Daily DispatchesOdds Are Growing for Economic Recession
By Jeannine Aversa
Associated Press
via Yahoo News
Sunday, January 13, 2008
http://news.yahoo.com/s/ap/20080113/ap_on_bi_ge/recession_odds;_ylt=Arwv...
James Turk: Uncharted territory for gold
Submitted by cpowell on Sun, 2008-01-13 12:22 Section: Daily Dispatches12:20p ET Sunday, January 13, 2008
Dear Friend of GATA and Gold:
Largest Saudi bank urges government to cut dollar exposure
Submitted by cpowell on Sat, 2008-01-12 12:58 Section: Daily DispatchesFrom Reuters
via Yahoo News
Saturday, January 12, 2008
http://sg.news.yahoo.com/rtrs/20080112/tbs-gulf-currencies-saudi-955c2a1...
RIYADH, Saudi Arabia -- Saudi Arabia's largest state bank urged the government to reduce the kingdom's exposure to the dollar by investing more assets outside the United states and gradually changing the riyal's peg to the weak U.S. currency.
Gold council's ETF claims more gold than ECB, Russia, China
Submitted by cpowell on Sat, 2008-01-12 02:33 Section: Daily DispatchesWarehousing Bullion for Gold's Supermarket
As Metal Hits New Highs,
Exchange-Traded Fund's
$18 Billion Cache Only Grows
By John Spence
MarketWatch.com
Friday, January 11, 2008
http://www.marketwatch.com/news/story/story.aspx?guid=%7B378D71CA%2DFDCF...
Nationalization of Northern Rock more likely than commercial rescue
Submitted by cpowell on Fri, 2008-01-11 22:47 Section: Daily DispatchesBankers Throw in the Towel Over Rock
By Katherine Griffiths, Philip Aldrick, and Helen Power
The Telegraph, London
Saturday, January 12, 2008
http://www.telegraph.co.uk/money/main.jhtml;jsessionid=ETMRJBRBWKXF3QFIQ...
Citigroup negotiates bailout by Saudi prince, Chinese bank
Submitted by cpowell on Fri, 2008-01-11 21:01 Section: Daily DispatchesCiti Looking Abroad For Major Investors
By David Enrich and Robin Sidel
The Wall Street Journal
Saturday, January 12, 2008
Prince Alwaleed bin Talal is poised to once again come to the rescue of Citigroup Inc.
This time, the Saudi billionaire is expected to be joined by other investors, including the China Development Bank, people familiar with the matter said.
Moody's says overspending threatens U.S. debt rating
Submitted by cpowell on Fri, 2008-01-11 12:05 Section: Daily DispatchesBy Francesco Guerrera, Aline van Duyn, and Daniel Pimlott
Financial Times, London
Thursday, January 10, 2008
http://www.ft.com/cms/s/0/40f3a2be-bfa9-11dc-8052-0000779fd2ac.html?ncli...
Citigroup, Merrill seek more foreign capital infusions
Submitted by cpowell on Thu, 2008-01-10 08:31 Section: Daily DispatchesCitigroup, Merrill Seek
More Foreign Capital
Moves, Foreshadowing
Further Write-Downs,
Raise Regulatory Issues
By David Enrich, Randall Smith, and Damian Paletta
The Wall Street Journal
Thursday, January 10, 2008
Two of the biggest names on Wall Street are going hat in hand, again, to foreign investors.