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Daily Dispatches
Growing controversy over gold backwardation
Submitted by cpowell on Wed, 2008-12-10 14:59 Section: Daily Dispatches3p ET Wednesday, December 20, 2008
Dear Friend of GATA and Gold:
If your eyes haven't rolled back in your head from the growing controversy about gold backwardation, Antal Fekete gets even more apocalyptic about it in a new essay at GoldSeek, "There Is No Fever Like Gold Fever," which you can find here:
Ambrose Evans-Pritchard: Commodity crash tests faith in supercycle
Submitted by cpowell on Wed, 2008-12-10 14:38 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, December 10, 2008
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/370266...
Rio Tinto gambled its future by contracting debt on a grand scale to fund its heady expansion near the top of the commodity bubble.
GMAC bank bid failing, bankruptcy may be next
Submitted by cpowell on Wed, 2008-12-10 11:35 Section: Daily DispatchesBy David Mildenberg and Caroline Salas
Bloomberg News
Wednesday, December 10, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=aOYi3RTRwuuQ&refer=home
NEW YORK -- GMAC LLC, the auto and home lender seeking federal aid, hasn't obtained enough capital to become a bank holding company and may abandon the effort, casting new doubt on the firm's ability to survive.
Helicopter money is on the way in Britain
Submitted by cpowell on Wed, 2008-12-10 11:22 Section: Daily DispatchesUK May Expand Toolkit to Halt Recession Slide
By Gonzalo Vina
Bloomberg News
Wednesday, December 10, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=aZ5RLad_FpyM&refer=home
Cash soon to be trash as money-market yields go negative
Submitted by cpowell on Wed, 2008-12-10 11:15 Section: Daily DispatchesMoney-Market Yields Seen Falling to Less Than Zero
By Christopher Condon
Bloomberg News
Wednesday, December 10, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=axHG.5Dvl3P4&refer=home
ScotiaMocatta acknowledges gold carry trade, sees it ending
Submitted by cpowell on Wed, 2008-12-10 11:10 Section: Daily Dispatches11:08a ET Wednesday, December 10, 2008
Dear Friend of GATA and Gold:
Fed Considers Debt Sales of Its Own
Submitted by cpowell on Wed, 2008-12-10 10:53 Section: Daily DispatchesBy Jon Hilsenrath and Damian Paletta
The Wall Street Journal
Wednesday, December 10, 2008
http://online.wsj.com/article/SB122888021757894023.html
The Federal Reserve is considering issuing its own debt for the first time, a move that would give the central bank additional flexibility as it tries to stabilize rocky financial markets.
Interest on T-bills hits zero
Submitted by cpowell on Tue, 2008-12-09 18:30 Section: Daily DispatchesBy Madlen Read and Martin Crutsinger
Associated Press
via Yahoo News
Tuesday, December 9, 2008
http://news.yahoo.com/s/ap/20081209/ap_on_bi_ge/meltdown_treasurys
NEW YORK -- Investors are so nervous that they're willing to accept the same return from government debt that they'd get from burying money in a coffee can — zero.
Frank Beck: Dollar devaluation to fix the Great Recession
Submitted by cpowell on Tue, 2008-12-09 17:15 Section: Daily DispatchesBy Frank Beck
Forbes magazine
Tuesday, December 9, 2008
http://www.forbes.com/finance/investingideas/2008/12/09/dollar-devaluati...?
Gold backwardation examined on Canada's Business News Network
Submitted by cpowell on Tue, 2008-12-09 01:09 Section: Daily Dispatches1:10a ET Tuesday, December 9, 2008
Dear Friend of GATA and Gold:
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