Daily Dispatches

ECB pledges more liquidity boosting if needed

Submitted by cpowell on Wed, 2007-09-05 12:02 Section: Daily Dispatches

By Ralph Atkins
Financial Times, London
Wednesday, September 5, 2007

http://www.ft.com/cms/s/0/370f2db0-5bb6-11dc-bc97-0000779fd2ac.html

FRANKFURT, Germany -- The European Central Bank announced on Wednesday that it is ready to intervene again to relieve tension in financial markets, the day before its governing council meets to discuss interest rate policy.

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Commercial paper risks are lurking behind Citigroup

Submitted by cpowell on Wed, 2007-09-05 00:24 Section: Daily Dispatches

Conduit Risks
Are Hovering
Over Citigroup

If the Vehicles Go Sour,
Rescues Could Be Costly;
Bank Has 'No Concerns'

By David Reilly, Carrick Mollenkamp,
and Robin Sidel
The Wall Street Journal
Wednesday, September 5, 2007

http://online.wsj.com/article/SB118895110892617533.html?mod=yahoo_hs&ru=...

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No inflation? Rivals quickly match Southwest air fare hike

Submitted by cpowell on Tue, 2007-09-04 23:57 Section: Daily Dispatches

Airline Rivals Match
Southwest Fare Hike

By Matt Curry
Associated Press
via Yahoo News
Tuesday, September 4, 2007

http://news.yahoo.com/s/ap/20070905/ap_on_bi_ge/airline_fares;_ylt=ArYtZ...

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London banks hoard cash as liquidity crunch worsens

Submitted by cpowell on Tue, 2007-09-04 23:47 Section: Daily Dispatches

Sense of Growing Crisis over Interbank Deals

By Gillian Tett
Financial Times, London
Tuesday, September 4, 2007

http://www.ft.com/cms/s/0/d7a4be24-5b1c-11dc-8c32-0000779fd2ac.html

As bankers have returned to their desks this week after the summer break, they have been searching frantically for signs that the markets are gaining a semblance of calm after the August turmoil.

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Liquidity crisis grows as Libor rates gap hits 20-year high

Submitted by cpowell on Tue, 2007-09-04 23:39 Section: Daily Dispatches

By Philip Aldrick
The Telegraph, London
Wednesday, September 5, 2007

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/09/05/cnlibo...

Pressure is mounting on the Bank of England to intervene in the credit crisis after money-market lending rates jumped to a 20-year record and economists warned that central banks have "not properly recognised the dangers" ahead.

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Letting euro appreciate risks deflation, Nobel laureate Mundell warns

Submitted by cpowell on Tue, 2007-09-04 22:49 Section: Daily Dispatches

By Steven C. Johnson and Kevin Plumberg
Reuters
Tuesday, September 4, 2007

http://www.reuters.com/article/marketsNews/idUKN0443888520070905?rpc=44&...

NEW YORK -- The euro's steady appreciation against the dollar in the last several years threatens to devastate the European economy by tipping it into deflation, Nobel Prize laureate Robert Mundell said on Tuesday.

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Ted Butler: Actions speak louder than words

Submitted by cpowell on Tue, 2007-09-04 16:38 Section: Daily Dispatches

4:40p ET Tuesday, September 4, 2007

Dear Friend of GATA and Gold:

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Will Japan be next to feel fallout of U.S. financial crisis?

Submitted by cpowell on Tue, 2007-09-04 08:37 Section: Daily Dispatches

By Ambrose Evans-Pritchard
The Telegraph, London
Tuesday, September 4, 2007

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/09/04/cnjapa...

Japan's economy has slowed sharply over the summer and may now be on the brink of recession, dampening hopes that Asia will buttress world growth as America battles the sub-prime housing crisis.