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Daily Dispatches
Rob Peebles: The CDO flying circus
Submitted by cpowell on Mon, 2007-07-02 01:32 Section: Daily DispatchesBy Rob Peebles
PrudentBear.com
Saturday, June 30, 2007
S&P, Moody's masking $200 billion of subprime bond risk
Submitted by cpowell on Mon, 2007-07-02 01:13 Section: Daily DispatchesBy Mark Pittman
Bloomberg News Service
Friday, June 29, 2007
http://www.bloomberg.com/apps/news?pid=20601087&sid=aN4sulHN19xc&
NEW YORK -- Standard & Poor's, Moody's Investors Service, and Fitch Ratings are masking burgeoning losses in the market for subprime mortgage bonds by failing to cut the credit ratings on about $200 billion of securities backed by home loans.
With CDOs, Wall Street sold the world a box of sewage
Submitted by cpowell on Sun, 2007-07-01 23:40 Section: Daily DispatchesDoes It All Add Up?
By Saskia Scholtes and Gillian Tett
Financial Times, London
Thursday, June 28, 2007
http://www.ft.com/cms/s/d5f91f6e-2513-11dc-bf47-000b5df10621.html
As head of the financial stability unit at the Banque de France, Imene Rahmouni-Rousseau travelled to America this month to look at the current turmoil in the US subprime mortgage world.
Peter Brimelow: Gold bugs disappointed but keep the faith
Submitted by cpowell on Sun, 2007-07-01 23:28 Section: Daily DispatchesBy Peter Brimelow
MarketWatch.com
Sunday, July 1, 2007
http://www.marketwatch.com/news/story/love-affair-gold-isnt-over/story.a...
NEW YORK -- Gold disappointed its friends last week. But they've not given up.
A year after defeat, Mexican leftist fades away
Submitted by cpowell on Sun, 2007-07-01 20:24 Section: Daily DispatchesBy Catherine Bremer
Reuters
Sunday, July 1, 2007
http://www.reuters.com/article/worldNews/idUSN0130818020070701
MEXICO CITY -- The leftist who a year ago was a hair's breadth from winning Mexico's presidency was reduced to political artifact on Sunday, drawing a fraction of his old crowds to an anniversary rally.
Move away from U.S. dollar reserves is still all talk
Submitted by cpowell on Sat, 2007-06-30 15:59 Section: Daily DispatchesBy Steven C. Johnson
Reuters
Saturday, June 30, 2007
http://www.reuters.com/article/reutersEdge/idUSN2959669920070630
NEW YORK -- Central bank holdings of U.S. dollars continue to mount, despite talk of diversification into other currencies, but questions remain about the sustainability of the rise in dollar reserves.
Avoiding 'made in China' labels isn't easy
Submitted by cpowell on Sat, 2007-06-30 13:01 Section: Daily DispatchesBy Dirk Lammers
Associated Press
via Yahoo News
Friday, June 29, 2007
http://news.yahoo.com/s/ap/20070629/ap_on_bi_ge/not_made_in_china;_ylt=A...
No inflation in U.S.? There's plenty in China
Submitted by cpowell on Fri, 2007-06-29 18:18 Section: Daily DispatchesChina Raises Minimum Wages
By The Associated Press
via Yahoo News
Friday, June 29, 2007
http://news.yahoo.com/s/ap/20070629/ap_on_bi_ge/china_wage_boost;_ylt=Ap...
China's government has ordered minimum wages raised to help the poor cope with soaring food costs, a state news agency reported Friday.
India is rolling in gold but still poverty-stricken
Submitted by cpowell on Fri, 2007-06-29 15:51 Section: Daily DispatchesBy Jacob Saulwick
Sydney Morning Herald (Australia)
Saturday, June 30, 2007
http://www.smh.com.au/news/business/rolling-in-gold-but-still-povertystr...
Richard Greene: You would have thought it was a gold bull market
Submitted by cpowell on Thu, 2007-06-28 16:24 Section: Daily Dispatches4:22p ET Thursday, June 28, 2007
Dear Friend of GATA and Gold:
GATA's story makes more inroads every day, as you can see from the new essay by Richard J. Greene of Thunder Capital Management, "You Would Have Thought It Was A Gold Bull Market," which you can find at GoldSeek here:
http://news.goldseek.com/ThunderCapitalManagement/1183043040.php
CHRIS POWELL, Secretary/Treasurer
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