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Daily Dispatches
U.S. food companies plan more hefty price increases
Submitted by cpowell on Sun, 2008-07-20 22:36 Section: Daily DispatchesBy Elizabeth Rigby and Hal Weitzman
Financial Times, London
Sunday, July 20, 2008
http://www.ft.com/cms/s/0/c245dc2c-5673-11dd-8686-000077b07658.html?ncli...
U.S. food companies are preparing another round of hefty price increases as soaring commodity costs force them to pass on rises to consumers.
Asia may benefit as sovereign funds shun U.S. dollar
Submitted by cpowell on Sun, 2008-07-20 14:20 Section: Daily DispatchesBy Steven C. Johnson and Gertrude Chavez-Dreyfuss
Reuters
Friday, July 18, 2008
http://www.reuters.com/article/reutersEdge/idUSN1850357320080718?sp=true
NEW YORK -- The trouble at U.S. mortgage giants Fannie Mae and Freddie Mac may discourage state-run investment funds from buying U.S. dollar-denominated assets but the euro is not likely to be the main beneficiary.
Gold sales meant for market manipulation, MineWeb chief acknowledges
Submitted by cpowell on Fri, 2008-07-18 08:56 Section: Daily Dispatches8:45a ET Friday, July 18, 2008
Dear Friend of GATA and Gold:
U.S. faces global funding crisis, Merrill Lynch warns
Submitted by cpowell on Wed, 2008-07-16 20:26 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, July 16, 2008
http://www.telegraph.co.uk/money/main.jhtml?view=DETAILS&grid=A1YourView...
Merrill Lynch has warned that the United States could face a foreign "financing crisis" within months as the full consequences of the Fannie Mae and Freddie Mac mortgage debacle spread through the world.
Sovereign funds cut exposure to weak dollar
Submitted by cpowell on Wed, 2008-07-16 20:11 Section: Daily DispatchesBy Henny Sender
Financial Times, London
Wednesday, July 16, 2008
http://www.ft.com/cms/s/0/fc250ac2-5361-11dd-8dd2-000077b07658.html
NEW YORK -- Some of the world's largest sovereign wealth funds are seeking to scale back their exposure to the US dollar in a sign of global concern about the currency.
Jim Sinclair: Do something more than just grumbling about a wrong
Submitted by cpowell on Wed, 2008-07-16 20:04 Section: Daily Dispatches8p ET Wednesday, July 16, 2008
Dear Friend of GATA and Gold:
Short selling banned for brokerage stocks, not mining stocks
Submitted by cpowell on Tue, 2008-07-15 17:47 Section: Daily DispatchesSEC Curbs Shorting of GSE Stocks,
Considers Limits for Wider Market
By Kara Scannell
The Wall Street Journal
Tuesday, July 15, 2008
Bailout of Fannie and Freddie fails to calm nerves
Submitted by cpowell on Mon, 2008-07-14 23:48 Section: Daily DispatchesFrom the Financial Times, London
Monday, July 14, 2008
http://www.ft.com/cms/s/0/6a662e74-51cf-11dd-a97c-000077b07658.html
Confidence in some of the largest regional US banks buckled on Monday as the government's rescue plan for mortgage giants Fannie Mae and Freddie Mac failed to allay equity markets' fears over the stability of the broader financial sector.
GATA's Murphy, Steer interviewed by Korelin Economics Report
Submitted by cpowell on Mon, 2008-07-14 00:55 Section: Daily Dispatches12:50a ET Monday, July 14, 2008
Dear Friend of GATA and Gold:
Over the weekend Al Korelin of the Korelin Economics Report interviewed GATA Chairman Bill Murphy and GATA board member Ed Steer about gold's prospects amid the turmoil in the U.S. banking system. You can listen to it here:
http://www.kereport.com/WeekendSpecial/WS071208-1.mp3
CHRIS POWELL, Secretary/Treasurer
Peter Brimelow: What if gold gave a party and everyone came?
Submitted by cpowell on Mon, 2008-07-14 00:41 Section: Daily DispatchesBy Peter Brimelow
MarketWatch.com
Monday, July 14, 2008
http://www.marketwatch.com/news/story/story.aspx?guid=%7B01A873BE%2DB409...
NEW YORK -- Gold surges, but sentiment is soggy. The goldbugs smell a breakout, and this time they may have generalist backers.