Daily Dispatches

Ambrose Evans-Pritchard: Europe's money markets freeze as crisis builds in Italy, Spain

Submitted by cpowell on Tue, 2011-08-02 19:27 Section: Daily Dispatches

By Ambrose Evans-Pritchard
The Telegraph, London
Tuesday, August 2, 2011

http://www.telegraph.co.uk/finance/financialcrisis/8677989/Europes-money...

The three-month euribor/OIS spread, the fear gauge of credit markets, reached the highest level in two years today, jumping 7 basis points to 40 in wild trading.

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Gold train leaving largely empty, and silver short squeeze is possible, Davies says

Submitted by cpowell on Tue, 2011-08-02 18:08 Section: Daily Dispatches

11:05p BST Tuesday, August 2, 2011

Dear Friend of GATA and Gold (and Silver):

Read more about Gold train leaving largely empty, and silver short squeeze is possible, Davies says

Fed may weigh more stimulus amid slow recovery

Submitted by cpowell on Tue, 2011-08-02 17:44 Section: Daily Dispatches

By Craig Torres, Josh Zumbrun, and Jeannine Aversa
Bloomberg News
Tuesday, August 2, 2011

http://www.bloomberg.com/news/2011-08-02/fed-policy-makers-may-consider-...

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Paul proposes bill to cancel $1.6 trillion in U.S. debt to Federal Reserve

Submitted by cpowell on Tue, 2011-08-02 17:36 Section: Daily Dispatches

By Pete Kasperowicz
The Hill, Washington, D.C.
Tuesday, August 2, 2011

http://thehill.com/blogs/floor-action/house/174953-rep-paul-introduces-b...

U.S. Rep. Ron Paul on Monday introduced legislation that would lower the federal government's debt by canceling the roughly $1.6 trillion in debt held by the Federal Reserve.

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Metals do well despite debt deal, Turk tells King World News

Submitted by cpowell on Tue, 2011-08-02 06:01 Section: Daily Dispatches

11a BST Tuesday, August 2, 2011

Dear Friend of GATA and Gold:

Read more about Metals do well despite debt deal, Turk tells King World News

Gregg Easterbrook: The phony-as-a-three-dollar-bill debt deal

Submitted by cpowell on Tue, 2011-08-02 05:37 Section: Daily Dispatches

By Gregg Easterbrook
for Reuters
Monday, August 1, 2011

http://blogs.reuters.com/gregg-easterbrook/2011/08/01/the-phony-as-a-3-b...

Maybe Washington can start paying invoices with $3 bills -- because the "dramatic" agreement to "reduce the national debt" is as phony as a three-dollar bill.

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Putin calls U.S. 'a parasite' on world, denounces dollar dominance

Submitted by cpowell on Tue, 2011-08-02 05:23 Section: Daily Dispatches

By Maria Tsvetkova
Reuters
Monday, August 1, 2011

http://www.reuters.com/article/2011/08/01/us-russia-putin-usa-idUSTRE770...

LAKE SELIGER, Russia -- Russian Prime Minister Vladimir Putin accused the United States Monday of living beyond its means "like a parasite" on the global economy and said dollar dominance is a threat to the financial markets.