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Daily Dispatches
Chinese exporters shun flagging dollar
Submitted by cpowell on Thu, 2008-03-27 21:48 Section: Daily DispatchesBy Robin Kwong
Financial Times, London
Thursday, March 27, 2008
http://www.ft.com/cms/s/0/aac6859e-fc35-11dc-9229-000077b07658.html?ncli...
Rising numbers of Chinese exporters are shunning the US dollar or devising ways to offset the impact of the falling currency as they confront rising labour and raw material costs at home.
South Korean pension fund shuns U.S. debt
Submitted by cpowell on Thu, 2008-03-27 21:33 Section: Daily DispatchesBy Song Jung-a, Andrew Wood, and Michael MacKenzie
Financial Times, London
Wednesday, March 26, 2008
http://www.ft.com/cms/s/0/6dcf5f86-fb67-11dc-8c3e-000077b07658.html
John Embry: Don't let gold's volatility bother you
Submitted by cpowell on Thu, 2008-03-27 17:50 Section: Daily Dispatches2:44p PT Thursday, March 27, 2008
Dear Friend of GATA and Gold:
Bank of England preparing to buy banks' junk mortgages
Submitted by cpowell on Thu, 2008-03-27 02:02 Section: Daily DispatchesUK Central Bank to Join the Battle on Liquidity
By Chris Giles and Krishna Guha
Financial Times, London
Wednesday, March 26, 2008
http://www.ft.com/cms/s/0/2458c80c-fb75-11dc-8c3e-000077b07658.html?ncli...
GATA circle is organizing in Brisbane area
Submitted by cpowell on Wed, 2008-03-26 20:36 Section: Daily Dispatches5:30p PT Wednesday, March 26, 2008
Dear Friend of GATA and Gold:
Our friend Lisa Charles in Brisbane, Australia, would like to organize a GATA circle for informal gatherings. Anyone in the Brisbane area who is interested should contact her at:
(Are people really voting for Ron Paul in Oz?)
'Securitization, insolvency, stagflation' is CMRE spring meeting's theme
Submitted by cpowell on Wed, 2008-03-26 15:18 Section: Daily Dispatches12:13p ET Wednesday, March 26, 2008
Dear Friend of GATA and Gold:
The spring dinner meeting of the Committee for Monetary Research and Education, to be held in New York on Thursday, May 15, will take as its theme "Securitization, Insolvency, Stagflation" and will feature Walter J. "John" Williams, editor of the Shadow Government Statistics newsletter.
Jeff Randall: When going gets rough, banks yell for nanny
Submitted by cpowell on Wed, 2008-03-26 13:33 Section: Daily DispatchesBy Jeff Randall
The Telegraph, London
Wednesday, March 26, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/26/ccjeff...
Bank customer: "What's the difference between a recession and a depression?"
Bank manager: "In a recession, you lose your job. In a depression, I lose mine."
Hoarding by banks stokes fears on credit crisis
Submitted by cpowell on Tue, 2008-03-25 23:21 Section: Daily DispatchesBy Chris Giles and James Politi
Financial Times, London
Tuesday, March 25, 2008
http://www.ft.com/cms/s/0/2f9ab320-fa66-11dc-aa46-000077b07658.html?ncli...
Central banks' efforts to ease strains in the money markets are failing to stop financial institutions from hoarding cash, stoking fears that the recent respite in equity markets may not signal the end of the credit crisis.
Citigroup slams Bank of England for risking damage to real economy
Submitted by cpowell on Tue, 2008-03-25 23:10 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, March 26, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/26/cnciti...
Citigroup has called for radical measures to end Britain's financial crisis, rebuking the Bank of England for moving too slowly to meet liquidity needs and waiting too long to head off an economic downturn.
Andrew Sorkin: Fed strong-armed Bear deal with deception, rule breaking
Submitted by cpowell on Tue, 2008-03-25 23:02 Section: Daily DispatchesThe Hand Behind the Deal
By Andrew Ross Sorkin
The New York Times
Tuesday, March 25, 2008
http://dealbook.blogs.nytimes.com/2008/03/25/ben-bernanke-deal-maker/
Adam Smith's invisible hand has a puppeteer: the Federal Reserve.
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