Daily Dispatches

How Bank of England was compelled to rescue Northern Rock

Submitted by cpowell on Sun, 2007-09-23 12:47 Section: Daily Dispatches

Did the Bank of England
Cave In to Political Pressure?

By Iain Dey
The Telegraph, London
Sunday, September 23, 2007

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/09/23/ccbank...

It was late on Tuesday afternoon when Mervyn King summoned the chief executives of Britain's top five banks to a meeting that night at the Bank of England.

Read more about How Bank of England was compelled to rescue Northern Rock

OPEC sees oil price rise offsetting dollar's fall

Submitted by cpowell on Sat, 2007-09-22 23:54 Section: Daily Dispatches

From Reuters
Sunday, September 23, 2007

http://in.reuters.com/article/businessNews/idINIndia-29672620070923

RIYADH, Saudi Arabia -- The surge in oil prices to record highs will shield OPEC nations, some of which peg their currencies to the U.S. dollar, from current dollar weakness, a Saudi newspaper quoted OPEC sources as saying on Saturday.

Read more about OPEC sees oil price rise offsetting dollar's fall

Gold's rise mystifies The New York Times

Submitted by cpowell on Sat, 2007-09-22 17:57 Section: Daily Dispatches

Gold, Again, Becomes a Shield Against the Unknown

By Conrad De Aenlle
The New York Times
Sunday, September 23, 2007

http://www.nytimes.com/2007/09/23/business/yourmoney/23gold.html?_r=1&

Read more about Gold's rise mystifies The New York Times

Master of the Universe (retired)

Submitted by cpowell on Sat, 2007-09-22 15:04 Section: Daily Dispatches

By Alan Beattie
Financial Times, London
Saturday, September 22, 2007

http://www.ft.com/cms/s/0/7198d398-6659-11dc-9fbb-0000779fd2ac.html

"The Age of Turbulence: Adventures in a New World"
By Alan Greenspan
Allen Lane, L25, 531 pages
FT bookshop price: L20

Read more about Master of the Universe (retired)

Gary North: Bernanke has snookered us all

Submitted by cpowell on Sat, 2007-09-22 13:22 Section: Daily Dispatches

1:20p ET Saturday, September 22, 2007

Dear Friend of GATA and Gold:

Read more about Gary North: Bernanke has snookered us all

Fears for global economy propel gold price

Submitted by cpowell on Fri, 2007-09-21 23:51 Section: Daily Dispatches

By Ambrose Evans-Pritchard
The Telegraph, London
Saturday, September 22, 2007

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/09/22/cngold...

The moment every gold bug has been waiting for finally arrived this week when "Barbaric Relic" smashed through resistance to close the week at a 27-year high of $737 an ounce on the London PM Fix.

Read more about Fears for global economy propel gold price

The credit crisis could be just beginning

Submitted by cpowell on Fri, 2007-09-21 22:51 Section: Daily Dispatches

By Jon D. Markman
TheStreet.com
Friday, September 21, 2007

http://www.thestreet.com/s/the-credit-crisis-could-be-just-beginning/new...

Satyajit Das is laughing. It appears I have said something very funny, but I have no idea what it was. My only clue is that the laugh sounds somewhat pitying.

Read more about The credit crisis could be just beginning

Despite gains, gold lacks broad investor appeal

Submitted by cpowell on Thu, 2007-09-20 22:06 Section: Daily Dispatches

By Muralikumar Anantharaman
Reuters
Thursday, September 20, 2007

http://www.reuters.com/article/businessNews/idUSN1931204120070920

BOSTON -- Many investors are mystified by gold and aren't warming to it even as prices hit 28-year highs and the world's top producer says market conditions are a positive "perfect storm" for the precious metal.