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Daily Dispatches
Citigroup and other banks seen needing more Arab capital
Submitted by cpowell on Wed, 2008-03-05 00:28 Section: Daily DispatchesBy Will McSheehy and Matthew Brown
Bloomberg News Service
Tuesday, March 4, 2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aNX6cgef1EvM
DUBAI -- Banks and securities firms led by Citigroup Inc. may need more money from Arab states as losses stemming from the collapse of the U.S. subprime mortgage market increase, the head of Dubai International Capital said.
Euro bond spreads hit record as panic grips markets
Submitted by cpowell on Wed, 2008-03-05 00:17 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, March 5, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/05/cnbond...
Investors sold Italian and Greek debt yesterday in signs of near panic liquidation, driving bond spreads to the highest level since creation of the single currency.
Ron Paul easily wins Republican renomination to Congress
Submitted by cpowell on Wed, 2008-03-05 00:06 Section: Daily DispatchesBy The Associated Press
via Killeen (Texas) Daily Herald
Tuesday, March 4, 2008
http://www.kdhnews.com/news/story.aspx?s=23564
DALLAS -- Republican Ron Paul didn't get many votes for president in his home state, but he easily won the primary nomination for his congressional seat.
Ted Butler: Gold and silver shorts are up against the wall
Submitted by cpowell on Tue, 2008-03-04 16:14 Section: Daily Dispatches4:15p ET Tuesday, March 4, 2008
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler isn't ready to declare the gold and silver shorts beaten but he calculates that they have lost billions in recent weeks and are now "Up Against the Wall," the headline on his new commentary, which you can find at GoldSeek's companion site, SilverSeek, here:
Even thousand-dollar gold won't boost supply soon
Submitted by cpowell on Tue, 2008-03-04 15:57 Section: Daily DispatchesBy Eric Onstad
Reuters
Tuesday, March 4, 2008
http://www.reuters.com/article/hotStocksNews/idUSL0475144320080304
LONDON -- A jump in the gold price over the magical $1,000 per ounce level would not be enough to bring on a surge of new production due to uncertainty over long-term prices, logistics problems, and scarcity of projects.
Canada follows U.S. in cutting interest rates
Submitted by cpowell on Tue, 2008-03-04 15:47 Section: Daily DispatchesCanadian Dollar Falls
As Bank Reduces Rate,
Signals It's Not Done
http://www.bloomberg.com/apps/news?pid=20601082&sid=at4TCoGfb9M4
By Haris Anwar
Bloomberg News Service
Tuesday, March 4, 2008
Who wants to own the Bank of England and JPMorganChase?
Submitted by cpowell on Mon, 2008-03-03 21:06 Section: Daily DispatchesOr is running a gold cartel above the law?
* * *
Cash Reward for Cartel Tip-Offs
From the British Broadcasting Co.
Friday, February 29, 2008
http://news.bbc.co.uk/1/hi/business/7271001.stm
LONDON -- The Office of Fair Trading (OFT) is to pay up to L100,000 for tip-offs leading to action against price fixing and other anti-competitive behaviour.
Japan may move to support tumbling dollar
Submitted by cpowell on Mon, 2008-03-03 20:48 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Tuesday, March 4, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/03/ccjapa...
Pressure is building in Japan for official intervention to cap the surging yen before it triggers a sharp industrial slowdown and tips the country back into slump.
ECB chief prods U.S. about 'strong dollar' and Paulson duly squeaks up
Submitted by cpowell on Mon, 2008-03-03 15:30 Section: Daily DispatchesTrichet, Juncker Signal Euro/Dollar Concern
By Huw Jones and Swaha Pattanaik
Reuters
via The Guardian, London
Monday, March 3, 2008
Ambrose Evans-Pritchard: Fed's rescue attempt has failed
Submitted by cpowell on Mon, 2008-03-03 10:40 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Monday, March 3, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/03/ccview...
The verdict is in. The Fed's emergency rate cuts in January have failed to halt the downward spiral toward a full-blown debt deflation. Much more drastic action will be needed.
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