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Daily Dispatches
Step right up in Tokyo and get your money
Submitted by cpowell on Thu, 2007-08-09 22:10 Section: Daily DispatchesBank of Japan Boosts Funds in System to Ease Credit
By Keiko Ujikane
Bloomberg News Service
Friday, August 10, 2007
http://quote.bloomberg.com/apps/news?pid=20601087&sid=arMyviv36l0c
TOKYO -- The Bank of Japan added 1 trillion yen ($8.49 billion) to the financial system, joining central banks in the U.S. and Europe in supplying cash to assuage a credit crunch.
Somehow Turk gets quoted by Bloomberg on gold price capping
Submitted by cpowell on Thu, 2007-08-09 21:24 Section: Daily DispatchesGold, Silver Tumble As Investors
Sell to Counter Credit Rout
By Pham-Duy Nguyen
Bloomberg News Service
Thursday, August 9, 2007
http://www.bloomberg.com/apps/news?pid=20601081&sid=aGM8Mxtekti4&refer=a...
Central bank's aggressive move stuns European markets
Submitted by cpowell on Thu, 2007-08-09 17:19 Section: Daily DispatchesFrom Financial Times, London
Tuesday, August 9, 2007
http://www.ft.com/cms/s/569c9418-46a0-11dc-a3be-0000779fd2ac.html
The European Central Bank stunned markets on Thursday with its aggressive intervention to quash a brewing liquidity crisis in European financial markets.
European emergency cash injection exceeds amount issued after 9/11
Submitted by cpowell on Thu, 2007-08-09 17:09 Section: Daily DispatchesThe European Central Bank today promised to give everyone as much cash as he wanted. (See second paragraph below.)
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ECB in E95 Billion Move on Market Turmoil
By Gillian Tett, Richard Milne, and Krishna Guha
Financial Times, London
Thursday, August 9, 2007
http://www.ft.com/cms/s/a8c5829a-466e-11dc-a3be-0000779fd2ac.html
European Commission forbids gold sale by Italy
Submitted by cpowell on Thu, 2007-08-09 16:54 Section: Daily DispatchesBrussels Frees Italy from Gold Fever
By Paul Bompard
Financial Times, London
Thursday, August 9, 2007
http://www.ft.com/cms/s/ea495ee0-469f-11dc-a3be-0000779fd2ac.html
ECB gushes cash as credit market turmoil spreads
Submitted by cpowell on Thu, 2007-08-09 10:55 Section: Daily DispatchesStocks Tumble as French Bank
Reacts to Home Loan Worries
By Jeremy W. Peters
The New York Times
Thursday, August 9, 2007
http://www.nytimes.com/2007/08/10/business/worldbusiness/10bank-web.html...
Another shot in the currency fight: Chinese threaten divestment
Submitted by cpowell on Thu, 2007-08-09 09:11 Section: Daily DispatchesBy Krissah Williams
Washington Post
Thursday, August 9, 2007
http://www.washingtonpost.com/wp-dyn/content/article/2007/08/08/AR200708...
In a Wednesday opinion piece in the state-run China Daily, a Chinese government researcher made what sounded like a warning to U.S. policymakers not to get too tough in insisting the yuan should appreciate.
Bush, Paulson tell Chinese they'd be stupid to dump dollar
Submitted by cpowell on Wed, 2007-08-08 21:28 Section: Daily DispatchesFrom Agence France-Presse
via Yahoo News
Wednesday, August 8, 2007
http://news.yahoo.com/s/afp/20070808/pl_afp/usbushforexchina_070808205732
President George W. Bush on Wednesday said China would be "foolhardy" to attempt to push down the dollar in retaliation for US pressure over Beijing's alleged currency manipulation.
Disorderly dollar fall could damage Treasuries
Submitted by cpowell on Wed, 2007-08-08 15:55 Section: Daily DispatchesBy Burton Frierson
Reuters
Wednesday, August 8, 2007
http://www.reuters.com/article/reutersEdge/idUSN0826467920070808?sp=true
NEW YORK -- The U.S. Treasury market could suffer if the dollar's fall accelerates dramatically or becomes inflationary, though the dollar's orderly decline this year has yet to unnerve bond investors.
Democrats would unload junk mortgages onto Fannie and Freddie
Submitted by cpowell on Tue, 2007-08-07 22:22 Section: Daily DispatchesDemocrats Call for Action on Mortgage Crisis
By Andrew Ward and Stephanie Kirchgaessner
Financial Times, London
Tuesday, August 7, 2007
http://www.ft.com/cms/s/2842ea82-450f-11dc-82f5-0000779fd2ac.html
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