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Daily Dispatches
Ambrose Evans Pritchard: 'Dutch disease' could shake the pound
Submitted by cpowell on Fri, 2007-07-20 09:02 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Friday, July 20, 2007
http://www.telegraph.co.uk/opinion/main.jhtml?xml=/opinion/2007/07/20/do...
Don't be fooled by the surge in sterling to a 16-year high of $2.05 against the dollar. We have not become the planet's uber-rich, nor have we stumbled upon the secret of perpetual wealth.
Markets dive as Fed raises stagflation fears
Submitted by cpowell on Thu, 2007-07-19 10:15 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Thursday, July 19, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/07/19/cnusec...
Ben Bernanke, the chairman of the US Federal Reserve, has painted a gloomy picture of slowing growth and rising inflation, causing a sharp sell-off on Wall Street as investors sniff a nasty whiff of stagflation.
Gold's enemies have not yet evaded the laws of physics
Submitted by cpowell on Wed, 2007-07-18 18:19 Section: Daily Dispatches6:15p ET Wednesday, July 18, 2007
Dear Friend of GATA and Gold:
Tuesday's final dispatch, "Scientists find economic process for creating gold from base metals," contrived a news story in an attempt to satirize the desperation of the central banks and major financial houses to suppress the gold price as the dollar-based financial system cracks apart.
Scientists find economic process for creating gold from base metals
Submitted by cpowell on Tue, 2007-07-17 22:04 Section: Daily DispatchesBy Ben Dover
San Francisco Comical
Tuesday, July 17, 2007
http://news.yahoo.com/s/nm/20070716/od_nm/germany_sexy_dc;_ylt=AnlKIwIEm...
LIVERMORE, California -- Scientists at the Lawrence Livermore National Laboratory have discovered a process for inexpensively converting base metals into gold, the lab announced Tuesday night at a hastily called news conference.
Bear Stearns admits two subprime mortgage funds are worthless
Submitted by cpowell on Tue, 2007-07-17 21:05 Section: Daily DispatchesBy Joey Bel Bruno
Associated Press
Tuesday, July 17, 2007
http://biz.yahoo.com/ap/070717/bear_stearns_funds.html?.v=1
NEW YORK -- Bear Stearns Cos. told clients Tuesday that a meltdown in the subprime mortgage market has made the assets from two of its flagship hedge funds almost worthless.
Ted Butler: The principle of substitution
Submitted by cpowell on Tue, 2007-07-17 16:59 Section: Daily Dispatches5p ET Tuesday, July 17, 2007
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler argues that the principle of substitution is going to work twice in silver's favor.
First, since silver is just a small part of the price of so many of the products in which it is contained, it can rise very high in price before manufacturers are likely to substitute other metals for it.
Grandich slips market manipulation into MarketWatch daily gold report
Submitted by cpowell on Tue, 2007-07-17 11:30 Section: Daily DispatchesBy Polya Lesova
MarketWatch.com
Tuesday, July 17, 2007
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7bE55F69D0-78FB-4...
NEW YORK -- Gold futures struggled to find a foothold in positive territory Tuesday, though ongoing dollar weakness and near-record oil prices underpinned prices.
Ron Paul owns the whiplash point on the political spectrum
Submitted by cpowell on Mon, 2007-07-16 23:52 Section: Daily DispatchesHe Has Crowd Appeal
Libertarian Presidential Candidate Ron Paul Is Reaching Across Many Lines
By Michael J. Mishak
Las Vegas Sun
Sunday, July 15, 2007
http://www.lasvegassun.com/sunbin/stories/sun/2007/jul/15/566680220.html...
Canadian dollar hits US96 cents for first time in 30 years
Submitted by cpowell on Mon, 2007-07-16 18:38 Section: Daily DispatchesBy Frank Pingue
Reuters
Monday, July 16, 2007
http://ca.today.reuters.com/news/newsArticle.aspx?type=businessNews&stor...
TORONTO -- The Canadian dollar stormed to 96 U.S. cents for the first time in 30 years on Monday as higher oil prices triggered a slew of automatic buy orders.
Resurrected M3 may warn of inflationary blowoff in U.S.
Submitted by cpowell on Mon, 2007-07-16 18:29 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Monday, July 16, 2007
http://blogs.telegraph.co.uk/business/ambrosevanspritchard/july07/m3mone...
If you thought the US Federal Reserve made a grave mistake abolishing data on the M3 money supply last year, you at last have a heavyweight ally in the City of London.
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