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Daily Dispatches
William Greider: The Fed is the problem, not the solution
Submitted by cpowell on Mon, 2008-08-04 14:36 Section: Daily DispatchesEconomic Free-Fall?
By William Greider
The Nation magazine, New York
Wednesday, July 30, 2008
Naked shorting's early critic starts to see some vindication
Submitted by cpowell on Sun, 2008-08-03 23:56 Section: Daily DispatchesByrne's Battle Helps Bring Curbs on Naked Short-Selling Practices
By Steven Oberbeck
The Salt Lake Tribune
Saturday, August 2, 2008
India's central bank shifts slowly away from dollar
Submitted by cpowell on Sun, 2008-08-03 23:47 Section: Daily DispatchesReserve Bank of India Takes Liking to Yuan, Australian Dollar
By Gayatri Nayak
Economic Times (India Times), Gurgaon
Monday, August 4, 2008
http://economictimes.indiatimes.com/Markets/Forex/RBI_takes_a_liking_to_...
Russia to centralize control of grain exports
Submitted by cpowell on Fri, 2008-08-01 00:04 Section: Daily DispatchesThis may make the price of Russian exports harder for Western banks to suppress with derivatives on the commodities markets.
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Moscow to Seize Grain Export Controls
By Javier Blas
Financial Times, London
Thursday, July 31, 2008
http://www.ft.com/cms/s/0/debdb184-5f3f-11dd-91c0-000077b07658.html?ncli...
Nationalize Freddie and Fannie, Greenspan says
Submitted by cpowell on Thu, 2008-07-31 23:54 Section: Daily DispatchesThey've been given the key to the Treasury, and shorting them has been outlawed. So, Alan, haven't they been nationalized already?
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Greenspan Says Housing Prices Not Yet Near Bottom
By Steve Matthews
Bloomberg News Service
Thursday, July 31, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=aq_FnETHl1gM&refer=home
Stressed banks borrow record amount from Fed
Submitted by cpowell on Thu, 2008-07-31 23:48 Section: Daily DispatchesBy John Parry
Reuters
Thursday, July 31, 2008
http://www.reuters.com/article/ousiv/idUSN3163777720080731?sp=true
NEW YORK -- Banks borrowed a record amount of funds from the Federal Reserve in the latest week as the year-old credit crisis took a persistent toll, while the commercial paper market continued to contract, signaling tough conditions for short term borrowers.
Don't despair -- the New Orleans conference is on the way
Submitted by cpowell on Thu, 2008-07-31 11:23 Section: Daily Dispatches11:20a ET Thursday, July 31, 2008
Dear Friend of GATA and Gold:
Drop those barbiturates! Put down that razor blade! Now step out of the bathtub! And -- oh, jeez -- wrap yourself in a towel!
This is no time for gold investors to despair, and no time for any investors to be naked anything. For the New Orleans Investment Conference is on the way.
Inflation in Europe reported at 16-year high
Submitted by cpowell on Thu, 2008-07-31 08:48 Section: Daily DispatchesBy Fergal O'Brien
Bloomberg News Service
Thursday, July 31, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=afAiVyGGAmpM&
Inflation in Europe accelerated to the fastest pace in more than 16 years in July, restricting the European Central Bank's room to bolster the economy even as unemployment starts to increase.
Borrow from Fed and you get protection against shorting
Submitted by cpowell on Wed, 2008-07-30 15:01 Section: Daily DispatchesSEC Extends Ban on Shorting Fannie, Freddie
By David Scheer and Edgar Ortega
Bloomberg News Service
Wednesday, July 30, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=a2TrS9t34oao&refer=home
Central banks extend emergency credit; rate hikes less likely
Submitted by cpowell on Wed, 2008-07-30 14:31 Section: Daily DispatchesAnd now you know why gold has been bombed this week.
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Central Banks Fire New Round at Credit Crisis
By Glenn Somerville
Reuters
Wednesday, July 30, 2008
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