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Daily Dispatches
Credit derivatives volumes soar
Submitted by cpowell on Thu, 2007-03-01 18:24 Section: Daily DispatchesBy Paul J. Davies and Gillian Tett
Financial Times, London
Thursday, March 1, 2007
http://www.ft.com/cms/s/8f667408-c81f-11db-b0dc-000b5df10621.html
Trading volumes in credit derivatives markets hit almost unprecedented levels this week as the market turmoil that continued to infect equities led to wild gyrations in the cost of protecting corporate debt against default.
Top Wall Streeters charged in 'pervasive' insider trading ring
Submitted by cpowell on Thu, 2007-03-01 18:14 Section: Daily DispatchesBy Larry Neumeister
Associated Press
via Yahoo News
Thursday, March 1, 2007
http://news.yahoo.com/s/ap/20070301/ap_on_bi_ge/securities_fraud
Husband and wife lawyers and 11 top Wall Street workers were charged Thursday with making more than $15 million in illegal trading profit through an alleged federal securities fraud scheme, authorities said.
Commodities exchange computer glitch story was a spoof
Submitted by cpowell on Wed, 2007-02-28 13:50 Section: Daily Dispatches1:43p ET Wednesday, February 28, 2007
Dear Friend of GATA and Gold:
As yen carry trade unwinds, U.S. interest rate cut is anticipated
Submitted by cpowell on Tue, 2007-02-27 22:32 Section: Daily DispatchesYen May Gain for Fourth Day
vs. Dollar, Euro on Sales Data
By Min Zeng
Bloomberg News Service
Wednesday, February 28, 2007
http://www.bloomberg.com/apps/news?pid=20601080&sid=a6BAJ8Esjf4A
NEW YORK -- The yen may rise for a fourth day against the dollar and euro before a government report that is forecast to show retail sales in Japan rebounded last month.
Computer glitch suppressed gold price since 1995
Submitted by cpowell on Tue, 2007-02-27 22:17 Section: Daily DispatchesFrom Rooters
Tuesday, February 27, 2007
http://www.reuters.com/article/oddlyenoughnews/idUSL2724139820070227
NEW YORK -- A computer glitch has been understating the price of gold by thousands of dollars per ounce since 1995, the New York Mercantile Exchange announced today in a statement on behalf of its Comex division.
GATA Director Wistar Holt to host reception during PDAC in Toronto
Submitted by cpowell on Tue, 2007-02-27 20:56 Section: Daily Dispatches8:53p ET Tuesday, February 27, 2007
Dear Friend of GATA and Gold:
Morgan executive to run international affairs for U.S. Treasury
Submitted by cpowell on Tue, 2007-02-27 19:51 Section: Daily DispatchesBy Rex Nutting
CBSMarketWatch.com
Tuesday, February 27, 2007
http://www.marketwatch.com/news/story/timothy-ryan-named-top-treasury/st...
Britain's public employees face raises below inflation rates
Submitted by cpowell on Tue, 2007-02-27 19:42 Section: Daily DispatchesReview Backs Below-Inflation Pay Raises
By Ben Hall and Nicholas Timmins
Financial Times, London
Tuesday, February 27, 2007
http://www.ft.com/cms/s/cde23602-c6a5-11db-8f4f-000b5df10621.html
More than 1 million doctors, nurses, and other public sector workers face real terms pay cuts after the review bodies that recommended their salaries have proposed below-inflation pay increases.
Computer problem exaggerated Dow's plunge
Submitted by cpowell on Tue, 2007-02-27 19:27 Section: Daily DispatchesBy The Associated Press
via Yahoo News
Tuesday, February 27, 2007
http://biz.yahoo.com/ap/070227/wall_street_what_happened.html?.v=5
Market plunge doesn't scare gold advocates Grandich and Sinclair
Submitted by cpowell on Tue, 2007-02-27 17:26 Section: Daily Dispatches5:22p ET Tuesday, February 27, 2007
Dear Friend of GATA and Gold:
Our friend Peter Grandich of the The Grandich Letter this afternoon issued some urgent commentary about gold's place amid today's turmoil in world markets. Grandich writes of gold:
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