You are here
Daily Dispatches
Mortgage defaults already coming from good-credit borrowers
Submitted by cpowell on Wed, 2007-07-25 21:30 Section: Daily DispatchesBy Alex Veiga
Associated Press
via Yahoo News
Wednesday, July 25, 2007
http://biz.yahoo.com/ap/070725/mortgage_woes.html?.v=4
LOS ANGELES -- Here's a scary thought about the latest bad news on housing:
Zimbabwe's official gold price rises 10-fold overnight
Submitted by cpowell on Wed, 2007-07-25 21:26 Section: Daily DispatchesFrom Reuters
Wednesday, July 25, 2007
http://africa.reuters.com/business/news/usnBAN555950.html
HARARE, Zimbabwe -- Zimbabwe's central bank raised on Wednesday the local price of gold nearly 10-fold in a bid to curb smuggling and boost sagging deliveries.
Reg Howe: Gibson's Paradox and rising rates
Submitted by cpowell on Wed, 2007-07-25 21:10 Section: Daily Dispatches9p ET Wednesday, July 25, 2007
Dear Friend of GATA and Gold:
Central banks seen rescuing dollar with more gold sales
Submitted by cpowell on Wed, 2007-07-25 11:48 Section: Daily DispatchesMaybe even Bloomberg's Claudia Carpenter
can figure it out now....
* * *
Gold Falls as Central Banks Increase Sales
By Claudia Carpenter
Bloomberg News Service
Wednesday, July 25, 2007
http://www.bloomberg.com/apps/news?pid=20602013&sid=aCT2RPgqCI6A&refer=c...
Italy to rescue bank from derivatives blowup
Submitted by cpowell on Wed, 2007-07-25 09:18 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, July 25, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/07/25/cnital...
Board members of the Italian bank Italease were in emergency session last night amid reports that the central bank may step in following huge losses on the derivatives markets.
Former Malaysian leader renews call for gold dinar
Submitted by cpowell on Wed, 2007-07-25 09:13 Section: Daily DispatchesBy Harpreet Bhal
The Edge, Petaling Jaya, Malaysia
Wednesday, July 25, 2007
http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Artic...
Ted Butler: Still the same
Submitted by cpowell on Tue, 2007-07-24 12:56 Section: Daily Dispatches12:52p ET Tuesday, July 24, 2007
Dear Friend of GATA and Gold:
Ambrose Evans-Pritchard: When will gold go ballistic?
Submitted by cpowell on Mon, 2007-07-23 23:40 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Monday, July 23, 2007
http://blogs.telegraph.co.uk/business/ambrosevanspritchard/july07/eurocr...
A lot of readers have asked why I duck the issue of gold when talking about the dollar crisis and the M3 monetary blow-off.
So here we go:
Adjusted for falling dollar, oil earning less for OPEC
Submitted by cpowell on Mon, 2007-07-23 22:42 Section: Daily DispatchesBy Javier Blas
Financial Times, London
Tuesday, July 24, 2007
http://www.ft.com/cms/s/d2b3da82-397d-11dc-ab48-0000779fd2ac.html
LONDON -- The falling US dollar is lowering the Organisation of the Petroleum Exporting Countries' purchasing power by up to a third, making the powerful oil cartel more reluctant to increase production and cut prices.
Paulson supports a strong dollar -- and a weaker one
Submitted by cpowell on Mon, 2007-07-23 21:23 Section: Daily DispatchesPaulson Backs Strong U.S. Dollar
From Reuters
Monday, July 23, 2007
http://today.reuters.com/news/articleinvesting.aspx?type=bondsNews&story...
Pages
