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Daily Dispatches
Goldman urged bets against California bonds it helped sell
Submitted by cpowell on Tue, 2008-11-11 08:20 Section: Daily DispatchesBy Sharona Coutts, Marc Lifsher, and Michael A. Hiltzik
Los Angeles Times
Tuesday, November 11, 2008
http://www.latimes.com/business/la-fi-goldman11-2008nov11,0,1943014.story
Goldman, Sachs & Co. urged some of its big clients to place investment bets against California bonds this year despite having collected millions of dollars in fees to help the state sell some of those same bonds.
Lawrence A. Hunter: Obama's golden opportunity
Submitted by cpowell on Mon, 2008-11-10 21:54 Section: Daily DispatchesBy Lawrence A. Hunter
The Washington Times
Sunday, November 9, 2008
http://washingtontimes.com/news/2008/nov/09/golden-opportunity/
The worldwide economic crisis presents President-elect Barack Obama with a golden opportunity to establish his leadership bonafides preemptively before the anticipated foreign challenge comes to test his mettle as a leader.
Ted Butler: Silver was smashed to ease Morgan's takeover of Bear
Submitted by cpowell on Mon, 2008-11-10 15:30 Section: Daily Dispatches3:22p ET Monday, November 10, 2008
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler has obtained a letter from the U.S. Commodity Futures Trading Commission to U.S. Rep. Gary G. Miller, Republican of California, that virtually confirms Butler's speculation in September that the smashing of the silver price this year involved JPMorganChase's takeover of Bear Stearns in March.
Gene Arensberg: Big traders are least short gold in years
Submitted by cpowell on Mon, 2008-11-10 15:06 Section: Daily Dispatches3p ET Monday, November 10, 2008
Dear Friend of GATA and Gold:
Fed's bank loans look like secret patronage
Submitted by cpowell on Mon, 2008-11-10 10:25 Section: Daily DispatchesFed Defies Transparency Aim in Refusal to Identify Bank Loans
By Mark Pittman, Bob Ivry, and Alison Fitzgerald
Bloomberg News
Monday, November 10, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=aatlky_cH.tY&refer=home
China OKs domestic spending boost; Europe plans more rate cuts
Submitted by cpowell on Sun, 2008-11-09 11:26 Section: Daily DispatchesBy Kirby Chien and Anna Willard
Reuters
Sunday, November 9, 2008
http://www.reuters.com/article/newsOne/idUSTRE49N5VU20081109
China approved on Sunday a massive stimulus plan worth nearly $600 billion through 2010 to boost domestic demand as part of a global push for measures to soften an expected recession in many countries.
Gold seen outperforming oil as recession brews
Submitted by cpowell on Fri, 2008-11-07 16:41 Section: Daily DispatchesBy Frank Tang
Reuters
Friday, November 7, 2008
http://www.reuters.com/article/GCA-Oil/idUSTRE4A66V420081107
NEW YORK -- The price of gold has not fallen as sharply as the price of crude oil and other cyclical commodities during the global financial crisis, and bullion should strengthen relative to other commodities as economic troubles deepen.
What if every Chinese got his own Treasury bond to spend?
Submitted by cpowell on Fri, 2008-11-07 16:36 Section: Daily DispatchesChina 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
Submitted by cpowell on Fri, 2008-11-07 15:51 Section: Daily DispatchesBy 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
Submitted by cpowell on Fri, 2008-11-07 14:45 Section: Daily DispatchesBy Simon Kennedy and Craig Torres
Bloomberg News
Friday, November 7, 2008
http://www.bloomberg.com/apps/news?pid=20601109&sid=ayE0YPzpdD38&refer=home
The age of free money may be at hand.
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