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Daily Dispatches

China seems less willing to be America's piggy bank

Section: Daily Dispatches

By Floyd Norris
The New York Times
Saturday, December 22, 2007

http://www.nytimes.com/2007/12/22/business/22charts.html?_r=1&oref=slogin

For the last three years, China has been the financier that kept the American government well funded. In 2004 it bought a fifth of the Treasury securities issued, a proportion that rose to 30 percent in 2005 and to 36 percent in 2006.

Central banks give biggest liquidity boost ever

Section: Daily Dispatches

By Ambrose Evans-Pritchard
The Telegraph, London
Saturday, December 20, 2007

http://www.telegraph.co.uk/money/main.jhtml?view=DETAILS&grid=&xml=/mone...

AngloGold will close its hedge book -- eventually, if it can figure out how to

Section: Daily Dispatches

AngloGold Confirms Hedge Book to Close

From the Sydney (Australia) Morning Herald
Friday, December 21, 2007

http://news.smh.com.au/anglogold-confirms-hedge-book-to-close/20071221-1...

The world's third-largest gold producer, AngloGold Ashanti Ltd., has confirmed that it will completely close down its hedge book to take advantage of high spot market prices.

As governments shower money on them, banks drop subprime rescue fund

Section: Daily Dispatches

Banks Abandon Super-SIV Plan

By David Enrich and Diya Gullapalli
The Wall Street Journal
Friday, December 21, 2007

The banks orchestrating a bailout of troubled investment vehicles that were hit by the subprime mortgage crisis are throwing in the towel after struggling to raise money for the planned fund, according to people familiar with the matter.

Saudis may start buying real stuff in a big way instead of Treasuries

Section: Daily Dispatches

Saudis Plan Huge Sovereign Wealth Fund

By Henny Sender, David Wighton, and Sundeep Tucker
Financial Times, London
Friday, December 21, 2007

http://www.ft.com/cms/s/0/412752ae-afa4-11dc-b874-0000779fd2ac.html?ncli...

Saudi Arabia plans to establish a sovereign wealth fund that is expected to dwarf Abu Dhabi's $900 billion and become the largest in the world.

China seen switching out of copper and into gold and platinum

Section: Daily Dispatches

By Matt Whittaker
Associated Press
via Yahoo News
Friday, December 21, 2007

http://biz.yahoo.com/ap/071221/china_gold_platinum.html?.v=1

NEW YORK -- China, the 800-pound gorilla of copper buying, is turning instead to gold and platinum as the price of the red metal continues to sink and it sees precious metals as good investments against currency concerns, market watchers say.

Fed promises infinite money as long as banks want it

Section: Daily Dispatches

Fed to Offer Special Auctions 'As Long As Necessary'

By Liz Capo McCormick
Bloomberg News Service
Friday, December 21, 2007

http://www.bloomberg.com/apps/news?pid=20601087&sid=a0jFvw9NueL4&refer=home

Liberty Dollar reopens to raise defense funds

Section: Daily Dispatches

Business Booming After Raid

By Gavin Lesnick
Evansville Courier & Press (Evansville, Indiana)
Monday, December 17, 2007

http://www.courierpress.com/news/2007/dec/17/businessboomingafter-raid/

The Evansville-based headquarters of a company that produces the Liberty Dollar is open again with a new name and a new product.

Paul advances from asterisk to spoiler. Next, the nominee -- then president!

Section: Daily Dispatches

Paul Shaping Up as Spoiler in GOP Race

By David Espo
Associated Press
via Yahoo News
Thursday, December 20, 2007

http://news.yahoo.com/s/ap/20071220/ap_on_el_pr/anti_war_asterisk

CONCORD, New Hampshire -- It wasn't long ago that Rep. Ron Paul was an anti-war asterisk in the race for the Republican presidential nomination. Then his campaign raised a record $6 million in a single day.

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