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Daily Dispatches
Investment firms tap Fed for billions
Submitted by cpowell on Thu, 2008-03-20 19:48 Section: Daily DispatchesPlenty of money here to rig
all sorts of markets with --
more than $13 billion daily.
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By Jeannine Aversa
Associated Press
via Yahoo News
Thursday, March 20, 2008
http://news.yahoo.com/s/ap/20080320/ap_on_bi_ge/fed_credit_crisis;_ylt=A...
Jason Hommel: Silver shortage -- 19 dealers reported sold out
Submitted by cpowell on Thu, 2008-03-20 13:32 Section: Daily Dispatches1:30p ET Thursday, March 20, 2008
Dear Friend of GATA and Gold:
Investment banks are borrowing from Fed
Submitted by cpowell on Wed, 2008-03-19 13:02 Section: Daily DispatchesDon't you wish you could too?
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By Dan Wilchens
Reuters
Wednesday, March 19, 2008
http://www.reuters.com/article/businessNews/idUSN1954536520080319
Backstopping Bear, Morgan saved the shadowy derivatives world
Submitted by cpowell on Wed, 2008-03-19 00:22 Section: Daily DispatchesMorgan Adds to Derivatives Muscle
By Serena Ng and David Reilly
The Wall Street Journal
Wednesday, March 19, 2008
With J.P. Morgan Chase & Co.'s rescue of Bear Stearns Cos., a behemoth in the complex world of derivatives trading has become even bigger, and the business is now more concentrated.
TV worth watching: Taylor on devaluation, Embry on gold suppression
Submitted by cpowell on Tue, 2008-03-18 23:47 Section: Daily Dispatches11:45p ET Tuesday, March 18, 2008
Dear Friend of GATA and Gold:
Jay Taylor, editor of J. Taylor's Gold & Technology Stocks newsletter, proved last Thursday that you can talk candidly in the United States about the deliberate devaluation of the dollar ... as long as you're in a soundproof studio in New York and your remarks are being broadcast only out of the country -- to Canada.
High oil prices likely to increase pressure on the dollar
Submitted by cpowell on Tue, 2008-03-18 23:13 Section: Daily DispatchesBy Steven C. Johnson
Reuters
Tuesday, March 18, 2008
http://www.reuters.com/article/reutersEdge/idUSN1761610620080318
NEW YORK -- The longer oil prices remain above $100, the worse things are likely to get for the U.S. dollar.
Amsterdam's small currency shops stop taking dollars
Submitted by cpowell on Tue, 2008-03-18 23:04 Section: Daily DispatchesBy Svebor Kranjc
Reuters
Tuesday, March 18, 2008
http://www.reuters.com/article/oddlyEnoughNews/idUSL1758265520080318
AMSTERDAM -- The U.S. dollar's value is dropping so fast against the euro that small currency outlets in Amsterdam are turning away tourists seeking to sell their dollars for local money while on vacation in the Netherlands.
Dollar's fall could explode global yen carry trade
Submitted by cpowell on Tue, 2008-03-18 22:49 Section: Daily DispatchesBy Leo Lewis
The Times, London
Wednesday, March 19, 2008
http://business.timesonline.co.uk/tol/business/economics/article3578467.ece
Deepening misery on Wall Street, prophesies of recession, and the recent freefall of the dollar could set off a $300 billion (L148 billion) time bomb in the global yen carry trade, dealers are warning.
Ambrose Evans-Pritchard: Bailouts better than returning to 1930s
Submitted by cpowell on Tue, 2008-03-18 22:41 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, March 19, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/19/do1902...
Ted Butler: Life after Bear Stearns
Submitted by cpowell on Tue, 2008-03-18 14:49 Section: Daily Dispatches2:50p ET Tuesday, March 18, 2008
Dear Friend of GATA and Gold:
In commentary posted today at GoldSeek's companion site, SilverSeek, silver market analyst Ted Butler reviews new evidence of a shortage of silver. His essay is headlined "Life After Bear Stearns" and you can find it here:
http://news.silverseek.com/TedButler/1205864199.php
CHRIS POWELL, Secretary/Treasurer
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