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Daily Dispatches
Will Hutton: Curb the greedy global financiers
Submitted by cpowell on Sun, 2007-08-26 12:26 Section: Daily DispatchesWhile obeisant governments bail out dodgy plutocrats, it's ordinary people who foot the bill
By Will Hutton
The Observer, London
Sunday, August 26, 2007
http://business.guardian.co.uk/comment/story/0,,2156599,00.html
Freedom fighter, film director, and GATA supporter Aaron Russo dies
Submitted by cpowell on Sat, 2007-08-25 21:06 Section: Daily Dispatches9p ET Saturday, August 25, 2007
Dear Friend of GATA and Gold:
Country's top decisions are made in secret by the Fed
Submitted by cpowell on Sat, 2007-08-25 09:53 Section: Daily DispatchesBy Chris Powell
Journal Inquirer, Manchester, Connecticut
Saturday, August 25, 2007
http://www.journalinquirer.com/site/news.cfm?newsid=18741023&BRD=985&PAG...
Paper gold slow to catch on in India
Submitted by cpowell on Sat, 2007-08-25 09:43 Section: Daily DispatchesFrom Reuters
Saturday, August 25, 2007
http://in.reuters.com/article/businessNews/idINIndia-29146020070825
NEW DELHI -- Indian investments in gold exchange-traded funds are likely to rise steadily over the next few years, but it will take a long time before they pose a challenge to sales of gold jewellery, coins, and bars, experts say.
Ambrose Evans-Pritchard: Do freight rates tell the true story?
Submitted by cpowell on Fri, 2007-08-24 20:34 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
August 25, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/25/ccfrei...
The cost of leasing cargo ships to carry coal and metal to China reached an all-time high this week, defiantly ignoring a month of panic and tumbling prices across the commodity markets.
With money markets still in distress, cut in interest rates is expected
Submitted by cpowell on Fri, 2007-08-24 17:44 Section: Daily DispatchesJitters Hint at Further Intervention
By John Authers
Financial Times, London
Friday, August 24, 2007
http://www.ft.com/cms/s/0/79cf23e6-5281-11dc-a7ab-0000779fd2ac.html
A week after the US Federal Reserve's decision to cut the rate at which it lends to banks, the move has yet to achieve its purpose of reviving global money markets.
Bank of China Ltd. discloses $10 billion in subprime holdings
Submitted by cpowell on Thu, 2007-08-23 22:57 Section: Daily DispatchesBy Luo Jun
Bloomberg News Service
Friday, August 24, 2007
http://www.bloomberg.com/apps/news?pid=20601087&sid=aP.ncmcX8zTM&refer=home
SHANGHAI -- Bank of China Ltd. was set for its biggest drop since going public after disclosing almost $9.7 billion of securities backed by U.S. subprime loans, the most of any Asian company.
Ambrose Evans-Pritchard: Here comes the insolvency crunch
Submitted by cpowell on Thu, 2007-08-23 21:45 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Thursday, August 23, 2007
http://blogs.telegraph.co.uk/business/ambrosevanspritchard/august07/mark...
The liquidity crunch is not yet over. The insolvency crunch has hardly begun.
Goldman Sachs expects dollar decline, interest rate cut
Submitted by cpowell on Thu, 2007-08-23 21:22 Section: Daily DispatchesBy Ye Xie
Bloomberg News Service
Friday, August 24, 2007
http://www.bloomberg.com/apps/news?pid=20601080&sid=aGU1K0tcAeQI
NEW YORK -- The dollar may decline to a record low against the euro in the next six months because U.S. economic growth will slow, forcing the Federal Reserve to cut interest rates, according to Goldman Sachs Group Inc.
Lance Lewis: Shocked that no one's buying gold?
Submitted by cpowell on Thu, 2007-08-23 16:22 Section: Daily Dispatches4:20p ET Thursday, August 23, 2007
Dear Friend of GATA and Gold:
Lance Lewis, founder of investment advisory firm Lewis Capital Inc. and manager of the Lewis Capital Partners hedge fund, has written a wonderful commentary predicting when demand for gold will increase dramatically.
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