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Daily Dispatches
Depression risk may force government to buy many assets, analyst says
Submitted by cpowell on Wed, 2008-02-13 12:21 Section: Daily DispatchesBy John Parry
Reuters
Tuesday, February 12, 2008
http://www.reuters.com/article/newsOne/idUSGOR27660220080212?sp=true
U.S. credit crisis escalates as mortgage defaults spread
Submitted by cpowell on Wed, 2008-02-13 11:49 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, February 13, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/02/13/cnusa1...
Defaults in the US housing market are spreading from sub-prime to the much larger stock of top-grade housing debt, threatening to set off a wave of even bigger losses for banks and investment funds.
No hiding huge inflation in Britain anymore
Submitted by cpowell on Mon, 2008-02-11 23:59 Section: Daily DispatchesFamilies Hit With L1,300 Rise in Cost of Living
By Harry Wallop
The Telegraph, London
Tuesday, February 12, 2008
http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2008/02/12/ncost112...
Families are having to pay an extra L1,300 a year in household bills as food and fuel prices rise at their fastest rate for 17 years.
Saudi official says riyal's peg to dollar will continue
Submitted by cpowell on Mon, 2008-02-11 23:37 Section: Daily DispatchesBy Michael Peltier
Reuters
Monday, February 11, 2008
http://www.reuters.com/article/oilRpt/idUSN1117122320080212
TALLAHASSEE, Florida -- Saudi Arabia's currency and oil price will remain tied to the U.S. dollar despite its current weak valuation, Saudi Minister of State Abdullah Alireza said on Monday.
Governments said ready to intervene if markets become 'irrational'
Submitted by cpowell on Mon, 2008-02-11 18:34 Section: Daily DispatchesAs in "whatever governments disagree with."
* * *
G7 Discussed Joint Action
to Calm Financial Markets
From Reuters
Monday, February 11, 2008
http://www.reuters.com/article/companyNewsAndPR/idUSL1157724620080211
John Stepek: Why the rising gold price is a headache for G7
Submitted by cpowell on Mon, 2008-02-11 12:28 Section: Daily DispatchesBy John Stepak
MoneyWeek, London
Monday, February 11, 2008
http://www.moneyweek.com/file/42070/why-house-repossessions-could-double...
My colleague Dominic Frisby wrote the other day about whether the gold price is being manipulated:
http://www.moneyweek.com/file/41862/is-the-gold-price-really-being-manip...
James Turk: Silver is leading
Submitted by cpowell on Mon, 2008-02-11 10:04 Section: Daily Dispatches8a MT Monday, February 11, 2008
Dear Friend of GATA and Gold:
Peter Brimelow: Gold's path to $1,000 now clear?
Submitted by cpowell on Mon, 2008-02-11 08:51 Section: Daily DispatchesBy Peter Brimelow
MarketWatch.com
Monday, February 11, 2008
http://www.marketwatch.com/news/story/golds-path-1000-ounce-now/story.as...
NEW YORK -- Gold dodged a bullet this past week. Gold bugs think this might have been the bears' last shot, and the path to $1,000 is now clear.
No third-party presidential candidacy for Paul
Submitted by cpowell on Mon, 2008-02-11 02:35 Section: Daily DispatchesBy the Associated Press
via Yahoo News
Saturday, February 9, 2008
http://news.yahoo.com/s/ap/ron_paul_campaign
HOUSTON -- Presidential hopeful Ron Paul said he will not run as a third-party candidate in a new message to supporters that seems to recognize his slim chances at getting the Republican nomination.
Ambrose Evans-Pritchard: Japan is the next sub-prime flashpoint
Submitted by cpowell on Sun, 2008-02-10 01:12 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Sunday, February 10, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/02/10/ccjapa...
Just as battered investors had begun to glimpse signs of recovery in America, the next shoe has dropped with an almighty thud in Japan. Echoes are rumbling across the Far East.
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