Daily Dispatches

Ambrose Evans-Pritchard: The global slump has begun as poison spreads

Submitted by cpowell on Sun, 2008-05-11 22:53 Section: Daily Dispatches

By Ambrose Evans-Pritchard
The Telegraph, London
Monday, May 12, 2008

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/05/12/ccambr...

The avalanche of bankruptcies has begun. Six US companies of substance have defaulted on bonds over the past fortnight, against 17 for the whole of last year.

Read more about Ambrose Evans-Pritchard: The global slump has begun as poison spreads

Deepcaster Letter: Profit from market manipulation by central banks

Submitted by cpowell on Sun, 2008-05-11 00:52 Section: Daily Dispatches

12:47a ET Sunday, May 11, 2008

Dear Friend of GATA and Gold:

Read more about Deepcaster Letter: Profit from market manipulation by central banks

The shrinkable but (so far) unsinkable dollar

Submitted by cpowell on Sun, 2008-05-11 00:37 Section: Daily Dispatches

By Peter S. Goodman
The New York Times
Sunday, May 11, 2008

http://www.nytimes.com/2008/05/11/weekinreview/11goodman.html?_r=2&oref=...

Read more about The shrinkable but (so far) unsinkable dollar

Beijing, Riyadh will call shots on ailing dollar

Submitted by cpowell on Sun, 2008-05-11 00:30 Section: Daily Dispatches

By Liam Halligan
The Telegraph, London
Sunday, May 11, 2008

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/05/11/ccecon...

Only a month ago the dollar slumped to an all-time low against the euro. And it's just five weeks since the greenback hit a 12-year low against the yen.

Read more about Beijing, Riyadh will call shots on ailing dollar

If you believe central banks, currency market management is just rhetoric

Submitted by cpowell on Sat, 2008-05-10 12:53 Section: Daily Dispatches

Paulson, Trichet Welcome Dollar's Recovery Since G-7

By John Brinsley and Christopher Anstey
Bloomberg News Service
Saturday, May 10, 2008

http://www.bloomberg.com/apps/news?pid=20601080&sid=aIwAaryrPsUQ

WASHINGTON -- U.S. and European officials signaled satisfaction that the dollar is stabilizing after Group of Seven policy makers expressed concern a month ago about its decline.

Read more about If you believe central banks, currency market management is just rhetoric

Al Korelin interviews GATA's Ed Steer

Submitted by cpowell on Sat, 2008-05-10 12:30 Section: Daily Dispatches

12:27a ET Saturday, May 10, 2008

Dear Friend of GATA and Gold:

Al Korelin of the Korelin Economic Report yesterday interviewed GATA board member Ed Steer, an analyst for Casey Research, about the week's anomalous developments in the gold and silver market. You can listen to the interview here:

http://www.kereport.com/DailyRadio/Daily050908-1.mp3

CHRIS POWELL, Secretary/Treasurer

Read more about Al Korelin interviews GATA's Ed Steer

Financial Times admits currency market intervention via its own pages -- and invites more

Submitted by cpowell on Fri, 2008-05-09 21:25 Section: Daily Dispatches

9:18p ET Friday, May 9, 2008

Dear Friend of GATA and Gold:

Read more about Financial Times admits currency market intervention via its own pages -- and invites more

Citing copper and zinc costs, House votes for return of steel penny

Submitted by cpowell on Fri, 2008-05-09 11:56 Section: Daily Dispatches

By Brian Faler
Bloomberg News Service
Thursday, May 8, 2008

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

WASHINGTON -- The U.S. House has voted to bring back the steel penny, saying it would be cheaper than the current practice in which the government loses money on every penny it makes because of rising metal prices.