You are here
Daily Dispatches
Dollar''s weakness is main topic in Davos but U.S. really isn''t listening
Submitted by cpowell on Wed, 2005-01-26 03:00 Section: Daily DispatchesBy Tom Dyson
DailyReckoning.com
Wednesday, January 26, 2005
http://www.dailyreckoning.com/RudeAwake/Articles/Bunkered.html
"I was just trying to make some money."
That's what Bunker Hunt said to his sister having just
bankrupted one of America's richest families. It took him
just three months to lose a multi-billion dollar fortune.
U.S. law still may authorize seizure of gold and silver; GATA queries Treasury
Submitted by cpowell on Wed, 2005-01-26 03:00 Section: Daily DispatchesBy Mark Landler
The New York Times
Thursday, January 27, 2005
http://www.nytimes.com/2005/01/27/business/worldbusiness/27econ.html?
DAVOS, Switzerland, Jan. 26 -- Two things were as clear as the Alpine
air on the opening day of the World Economic Forum on Wednesday: The
relentlessly sinking dollar is Topic A, and anyone hoping for an
More efforts to talk the dollar up and the euro down
Submitted by cpowell on Tue, 2005-01-25 03:00 Section: Daily DispatchesBy Joshua Krongold
Bloomberg News Service
Monday, January 24, 2005
http://www.bloomberg.com/apps/news?
pid=10000103&sid=aHYMqgZrs7ys&refer=us
NEW YORK -- Central banks are reducing their holdings of
dollars in favor of the euro, according to a survey of 65
central banks, extending a three-year trend identified by
the International Monetary Fund.
Financial Times: Dollar is at the mercy of central banks
Submitted by cpowell on Mon, 2005-01-24 03:00 Section: Daily Dispatches5:24p PT Sunday, January 23, 2005
Dear Friend of GATA and Gold:
In a few minutes at the Vancouver Resources Investment
Conference, GATA will announce plans for a gold
conference of its own from which, we hope, will arise a
new mobilization of the precious metals mining industry.
The GATA conference will be called Gold Rush 21; it
will be held in August in Dawson City, Yukon Territory,
Central banks shifting out of dollars, poll finds
Submitted by cpowell on Mon, 2005-01-24 03:00 Section: Daily DispatchesBy Chris Giles
Economics Editor
Financial Times, London
Monday, January 24, 2005
http://news.ft.com/cms/s/bd52ee06-6dad-11d9-ae0d-00000e2511c8.html
During the past few years the United States has become
dependent not so much on millions of investors around
the globe but on a few individuals in a few of the world's
Most central banks say they''re shifting dollars into euros
Submitted by cpowell on Mon, 2005-01-24 03:00 Section: Daily DispatchesFrom BBC News
Monday, January 24, 2005
http://news.bbc.co.uk/1/hi/business/4200811.stm
Many of the world's central banks are starting to look to the
euro to fill their currency reserves instead of the dollar, a
survey suggests. The poll, carried out by Central Banking
Publications, found 39 nations of the 65 surveyed raising
their euro holdings, with 29 cutting back on the U.S. dollar.
GATA announces Gold Rush 21 conference for August in the Klondike
Submitted by cpowell on Sun, 2005-01-23 03:00 Section: Daily Dispatches5:35p PT Friday, January 21, 2005
Dear Friend of GATA and Gold:
A couple of things especially worth reading tonight....
Marshall Auerback of PrudentBear.com examines
Argentina's experience to show how the International
Monetary Fund is mainly the insurance company for
big international banks, protecting them against
their own stupidity and rapaciousness, and should
be abolished. His analysis, "Abolish the IMF," can
Monetary policy can lock out inflation despite dollar''s fall, Fed official says
Submitted by cpowell on Fri, 2005-01-21 03:00 Section: Daily DispatchesFrom Reuters
Wednesday, January 19, 2005
http://www.reuters.com/financeQuoteCompanyNewsArticle.jhtml?
duid=mtfh90905_2005-01-19_19-27-59_n19372172_newsml
PARIS -- French Finance Minister Herve Gaymard said
on Wednesday he hoped the United States would agree
at a G7 meeting in London next month that the slide in
the U.S. dollar must not continue.
Abolish the IMF, and get a load of those derivative positions
Submitted by cpowell on Fri, 2005-01-21 03:00 Section: Daily DispatchesFrom Reuters
Friday, January 21, 2005
http://www.reuters.com/financeNewsArticle.jhtml?
type=bondsNews&storyID=7394337
RICHMOND, Va.-- Monetary policy can keep U.S. inflation
and inflation expectations steady even in the face of a
falling dollar, Richmond Federal Reserve President Jeffrey
Lacker said on Friday.
"Despite all the discussion of exchange rates passing
U.S. won''t get away forever with force-feeding dollars to world, Buffett warns
Submitted by cpowell on Wed, 2005-01-19 03:00 Section: Daily DispatchesAn Economic Playground
By John Mauldin
DailyReckoning.com
Tuesday, January 18, 2005
We are all familiar with the seesaw. Who among us did not play upon
one as a kid? Seesaws work as long as both partners work together.
Indeed, with the proper cooperation, they are quite fun. However,
there are more than few of you who let your partner get to the top
of his ride and then jump off, allowing him to drop to the ground.
Pages
