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Daily Dispatches
Credit turmoil seen as a run in the 'shadow' banking system
Submitted by cpowell on Sun, 2007-09-02 16:34 Section: Daily DispatchesBy Krishna Guha
Financial Times, London
Sunday, September 2, 2007
http://www.ft.com/cms/s/0/d79548f2-5984-11dc-aef5-0000779fd2ac.html
Too-low interest rates caused housing boom and bust, central bankers told
Submitted by cpowell on Sun, 2007-09-02 08:51 Section: Daily DispatchesBy Alister Bull
Reuters
Saturday, September 1, 2007
http://www.reuters.com/article/businessNews/idUSN0144589820070901
JACKSON HOLE, Wyoming -- In rare public criticism of Alan Greenspan, former U.S. Undersecretary for International Affairs John Taylor said on Saturday that ultra-low Federal Reserve interest rates had stoked the U.S. housing boom and subsequent bust.
John Hathaway: A new chapter for gold
Submitted by cpowell on Sun, 2007-09-02 00:37 Section: Daily Dispatches12:35a ET Sunday, September 2, 2007
Dear Friend of GATA and Gold:
John Hathaway, manager of the Tocqueville Gold Fund, argues in his latest essay, "A New Chapter for Gold," that the turmoil in the credit markets is the ideal scenario for launching gold to record highs. You can find Hathaway's essay at Gold-Eagle here:
Gartman admits gold price suppression but leaves out why
Submitted by cpowell on Sat, 2007-09-01 22:53 Section: Daily Dispatches10:40p ET Saturday, September 1, 2007
Dear Friend of GATA and Gold:
In the Friday edition of The Gartman Letter (http://www.thegartmanletter.com/), Dennis Gartman again acknowledged that central banks are probably suppressing the price of gold, and as he did so, he couldn't help but mention GATA.
Gartman wrote:
Bush to announce housing loan relief as Bernanke speaks
Submitted by cpowell on Fri, 2007-08-31 01:10 Section: Daily DispatchesBy Steven R. Weisman
The New York Times
Friday, August 31, 2007
http://www.nytimes.com/2007/08/31/business/31home.html?_r=1&hp&oref
John Crudele: Just what does Paulson talk about when he calls Wall Street?
Submitted by cpowell on Fri, 2007-08-31 00:57 Section: Daily DispatchesPaulson Is Still Clamming Up About the PPT
By John Crudele
New York Post
Thursday, August 30, 2007
http://www.nypost.com/seven/08302007/business/paulson_is_still_clamming_...
Here's more from the interview that never happened -- my imaginary chat with Treasury Secretary Henry Paulson, who in real life refuses to discuss the Plunge Protection Team.
Traders snicker as Barclays blames technical problems
Submitted by cpowell on Thu, 2007-08-30 23:36 Section: Daily DispatchesBarclays Borrows £1.6 Billion from Bank of England
By Edmund Conway and Philip Aldrick
The Telegraph, London
Friday, August 31, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/31/cnbank...
Barclays has been forced to tap the Bank of England's emergency lending fund after a major error in the City's trading systems wreaked havoc on the money markets.
Barclays annoyed to explain more emergency borrowing
Submitted by cpowell on Thu, 2007-08-30 23:21 Section: Daily DispatchesBarclays Reassures After
More Emergency Borrowing
By Peter Thal Larsen and Chris Giles
Financial Times, London
via Yahoo News
Thursday, Aug 30, 2007
http://news.yahoo.com/s/ft/20070830/bs_ft/fto083020071955571131;_ylt=Aiy...
Mark Gilbert: If the SEC ever gets real, everything blows up
Submitted by cpowell on Thu, 2007-08-30 22:12 Section: Daily DispatchesUnsafe at Any Rating:
CDO Speeds to CCC from AAA
By Mark Gilbert
Bloomberg News Service
Thursday, August 30, 2007
http://www.bloomberg.com/apps/news?pid=20601039&sid=aSEguZCZ9ZpY&refer=c...
David Bond remembers Aaron Russo
Submitted by cpowell on Thu, 2007-08-30 21:15 Section: Daily Dispatches9:15p ET Thursday, August 30, 2007
Dear Friend of GATA and Gold:
David Bond, editor of the Silver Valley Mining Journal, has written a wonderful remembrance of film maker and hard-money advocate Aaron Russo. You can find it at GoldSeek here:
http://news.goldseek.com/GoldSeek/1188509090.php
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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