Daily Dispatches

What if every Chinese got his own Treasury bond to spend?

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China May Launch Economic Stimulus Package

From Reuters
Friday, November 7, 2008

http://www.reuters.com/article/ousiv/idUSTRE4A66TS20081107

BEIJING -- Evidence is mounting that China might launch a massive economic stimulus package in the near future as worries over a sharp slowdown in the world's fourth-largest economy intensify, officials said on Friday.

News agency sues Fed for look at collateral for loans to banks

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By Mark Pittman
Bloomberg News
Friday, November 7, 2008

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aKr.oY2YKc2g

NEW YORK -- Bloomberg News asked a U.S. court today to force the Federal Reserve to disclose securities the central bank is accepting on behalf of American taxpayers as collateral for $1.5 trillion of loans to banks.

Zero-interest world may lie ahead

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By Simon Kennedy and Craig Torres
Bloomberg News
Friday, November 7, 2008

http://www.bloomberg.com/apps/news?pid=20601109&sid=ayE0YPzpdD38&refer=h...

The age of free money may be at hand.

Timing the next rush to gold

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By Conrad de Aenlle
International Herald Tribune, Paris
Friday, November 7, 2008

http://www.iht.com/articles/2008/11/07/yourmoney/mgold.php

When there seems to be nowhere to turn, investors often turn to gold. The unprecedented volatility in stocks and uncertainty about the world economy and financial system should make this an ideal time to own gold.

Another large decline in gold hedging

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By Nicholas Larkin
Bloomberg News
Friday, November 7, 2008

http://www.bloomberg.com/apps/news?pid=20601116&sid=aaMpDG7Hzo3g

LONDON -- Gold miners reduced forward sales contracts by 2.3 million ounces in the third quarter to 16.5 million ounces, London-based researcher VM Group said.

Eric Sprott: Cash or gold?

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7:23p ET Thursday, November 6, 2008

Dear Friend of GATA and Gold:

Credit swap inventory was grossly incomplete

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Credit Swap Disclosure Obscures True Financial Risk

By Shannon D. Harrington and Abigail Moses
Bloomberg News
Thursday, November 6, 2008

http://www.bloomberg.com/apps/news?pid=20601109&sid=a0CcmxJQnS7A&refer=h...

Rubin won't return to Treasury, boosting Summers' chances

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Rubin Removes Himself for Consideration at Treasury

By Michael McKee
Bloomberg News
Thursday, November 6, 2008

http://www.bloomberg.com/apps/news?pid=20601087&sid=a.T1Wv5QZHRU&refer=h...

Big interest rate cuts in Britain and Europe

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By Ralph Boulton
Reuters
Thursday, November 6, 2008

http://www.reuters.com/article/newsOne/idUSTRE49N5VU20081106

LONDON -- Britain slashed borrowing costs by a surprising 1.5 percentage points on Thursday and the European Central Bank (ECB) also cut rates as part of concerted efforts to revive world commerce and ward off deep recession.

Lance Lewis: Mother of all short squeezes for gold?

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10:07p ET Wednesday, November 5, 2008

Dear Friend of GATA and Gold:

Speculation about a short squeeze on the December gold contract on the New York Commodities Exchange continues to percolate, this time in some analysis by Lance Lewis at Minyanville, "Mother of All Short Squeezes for Gold?," which you can find here:

http://www.minyanville.com/articles/gold-libor-3M-comex/index/a/19867

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