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Daily Dispatches
Credit 'heart attack' strikes China and Korea
Submitted by cpowell on Thu, 2007-11-22 17:46 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Thursday, November 22, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/11/21/bcnasi...
The global credit crisis has hit Asia with a vengeance for the first time, triggering a massive flight to safety as investors across the region pull out of risky assets.
European banks suspend trading in mortgage bonds
Submitted by cpowell on Thu, 2007-11-22 13:11 Section: Daily DispatchesBy Esteban Duarte and Steve Rothwell
Bloomberg News Service
Wednesday, November 21, 2007
http://www.bloomberg.com/apps/news?pid=20601102&sid=aTCTOhu0Jxk8
European banks agreed to suspend trading in the $2.8 trillion market for mortgage debt known as covered bonds to halt a slump that has closed the region's main source of financing for home lenders.
Securities market rigging is taken for granted
Submitted by cpowell on Thu, 2007-11-22 12:02 Section: Daily Dispatches12:02p ET Thursday, November 22, 2007
Dear Friend of GATA and Gold:
Credit derivatives market grows by nearly half in six months
Submitted by cpowell on Thu, 2007-11-22 11:46 Section: Daily DispatchesBy Kabir Chibber
Bloomberg News Service
Thursday, November 22, 2007
http://www.bloomberg.com/apps/news?pid=20601087&sid=a58EF32GpHeg&refer=home
The market for derivatives grew at the fastest pace in at least nine years to $516 trillion in the first half of 2007, the Bank for International Settlements said.
China wants strong dollars ... at least while it spends them
Submitted by cpowell on Thu, 2007-11-22 11:40 Section: Daily DispatchesChina Wants Strong Dollar,
Central Bank Chief Says
From Xinhua News Agency
via China Daily, Beijing
Thursday, November 22, 2007
http://www.chinadaily.com.cn/china/2007-11/22/content_6272623.htm
JOHANNESBURG, South Africa -- Zhou Xiaochuan, China's central bank chief, has said that China supports a strong US dollar, putting weight behind the slumping currency.
Bank of England's financial stability chief wants rate cut
Submitted by cpowell on Thu, 2007-11-22 11:29 Section: Daily DispatchesBy Edmund Conway
The Telegraph, London
Thursday, November 22, 2007
http://www.telegraph.co.uk/money/main.jhtml;jsessionid=EWJQONSMADPRZQFIQ...
The Bank of England's financial stability chief has called for interest rates to be cut, amid fresh signs that the credit crunch is worsening and that the high street is already starting to suffer.
Bullion dealer to start gold trading on Internet in India
Submitted by cpowell on Wed, 2007-11-21 21:35 Section: Daily DispatchesBy Suresh P. Iyengar
The Hindu, Chennai, India
Wednesday, November 21, 2007
http://www.thehindubusinessline.com/2007/11/22/stories/2007112250311400.htm
MUMBAI, India -- RiddhiSiddhi Bullions Ltd (RSBL), one of the largest bullion dealers in India, is set to launch online bullion spot trading.
The Currency Manipulation Follies, Chapter Umpteen
Submitted by cpowell on Wed, 2007-11-21 21:22 Section: Daily DispatchesCentral Banks Weigh Up Dollar Problem
By Peter Garnham
Financial Times, London
Wednesday, November 21, 2007
http://www.ft.com/cms/s/0/29d41a2e-97d5-11dc-9e08-0000779fd2ac.html?ncli...
The sliding dollar has presented custodians of the world's massive foreign exchange reserves with a conundrum.
Dollar to fade, not fly, from scene as Gulf reforms
Submitted by cpowell on Wed, 2007-11-21 21:10 Section: Daily DispatchesBy Daliah Merzaban
Reuters
Wednesday, November 21, 2007
http://www.reuters.com/article/reutersEdge/idUSL2017049620071121?pageNum...
DUBAI -- Gulf exchange rate reforms would barely dent demand for dollars in six oil-producing states with $1.2 trillion in reserves but they would signal the U.S. currency's gradually diminishing importance to the region.
Glenn Beck's CNN interview with Liberty Dollar founder
Submitted by cpowell on Wed, 2007-11-21 20:56 Section: Daily Dispatches8:55p ET Wednesday, November 21, 2007
Dear Friend of GATA and Gold:
Last night's interview of Liberty Dollar founder Bernard von NotHaus by Glenn Beck on CNN has been posted at YouTube here:
http://www.youtube.com/watch?v=IvHhqr8OeFc
It's not quite four minutes long.
CNN has provided a tentative transcript of the interview and it is appended.
CHRIS POWELL, Secretary/Treasurer
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