Daily Dispatches

U.S. faces global funding crisis, Merrill Lynch warns

Submitted by cpowell on Wed, 2008-07-16 20:26 Section: Daily Dispatches

By Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, July 16, 2008

http://www.telegraph.co.uk/money/main.jhtml?view=DETAILS&grid=A1YourView...

Merrill Lynch has warned that the United States could face a foreign "financing crisis" within months as the full consequences of the Fannie Mae and Freddie Mac mortgage debacle spread through the world.

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Sovereign funds cut exposure to weak dollar

Submitted by cpowell on Wed, 2008-07-16 20:11 Section: Daily Dispatches

By Henny Sender
Financial Times, London
Wednesday, July 16, 2008

http://www.ft.com/cms/s/0/fc250ac2-5361-11dd-8dd2-000077b07658.html

NEW YORK -- Some of the world's largest sovereign wealth funds are seeking to scale back their exposure to the US dollar in a sign of global concern about the currency.

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Jim Sinclair: Do something more than just grumbling about a wrong

Submitted by cpowell on Wed, 2008-07-16 20:04 Section: Daily Dispatches

8p ET Wednesday, July 16, 2008

Dear Friend of GATA and Gold:

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Short selling banned for brokerage stocks, not mining stocks

Submitted by cpowell on Tue, 2008-07-15 17:47 Section: Daily Dispatches

SEC Curbs Shorting of GSE Stocks,
Considers Limits for Wider Market

By Kara Scannell
The Wall Street Journal
Tuesday, July 15, 2008

Read more about Short selling banned for brokerage stocks, not mining stocks

Bailout of Fannie and Freddie fails to calm nerves

Submitted by cpowell on Mon, 2008-07-14 23:48 Section: Daily Dispatches

From the Financial Times, London
Monday, July 14, 2008

http://www.ft.com/cms/s/0/6a662e74-51cf-11dd-a97c-000077b07658.html

Confidence in some of the largest regional US banks buckled on Monday as the government's rescue plan for mortgage giants Fannie Mae and Freddie Mac failed to allay equity markets' fears over the stability of the broader financial sector.

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GATA's Murphy, Steer interviewed by Korelin Economics Report

Submitted by cpowell on Mon, 2008-07-14 00:55 Section: Daily Dispatches

12:50a ET Monday, July 14, 2008

Dear Friend of GATA and Gold:

Over the weekend Al Korelin of the Korelin Economics Report interviewed GATA Chairman Bill Murphy and GATA board member Ed Steer about gold's prospects amid the turmoil in the U.S. banking system. You can listen to it here:

http://www.kereport.com/WeekendSpecial/WS071208-1.mp3

CHRIS POWELL, Secretary/Treasurer