The Telegraph (Free subscription) | 42 minutes ago
Bank borrowing from ECB is out of controlBy Ambrose Evans-Pritchard3:06pm BSTThe European Central Bank has issued the clearest warning to date that it cannot serve as a perpetual crutch for lenders caught off-guard by the severity of the credit crunch.Not Wellink, the Dutch central bank chief and a major figure on the ECB council, said that banks were becoming addicted to the liquidity...
The Telegraph (Free subscription) | 08/19/2008
Angela Merkel's government wants to keep control of the country's industrial base, writes Ambrose Evans-Pritchard.
The Daily Reckoning Australia (Free subscription) | yesterday
If you're not interested in the relationship between broad money supply growth and stock prices, then today's Daily Reckoning is probably not for you. You might prefer to take a walk, read a good short story by Kafka, or eat a burrito. But if you ARE crazy enough to be interested in M3 growth...read on. Ambrose Evans-Pritchard reports in today's U.K. Telegraph that M3 in the U.S....
naked capitalism (Free subscription) | 08/18/2008
Despite the resurgence of the dollar, Ambrose Evans-Pritchard remains unconvinced that things in the US are now as rosy as the new found (albeit guarded) optimism suggests. He comes by his view without disputing the view that the dollar rally has legs. I'm not very optimistic about that. Why? A drinking buddy with amazing connections in the international banking community (he and...
The Telegraph (Free subscription) | 08/19/2008
Sharp money supply contraction points to Wall Street crunch aheadBy Ambrose Evans-Pritchard12:09am BST 19/08/2008The US money supply has experienced the sharpest contraction in modern history, heightening the risk of a Wall Street crunch and a severe economic slowdown in coming months.Data compiled by Lombard Street Research shows that the M3 ''broad money" aggregates fell by almost...
Anorak News (Free subscription) | 08/17/2008
AS EU Ref writes: The most important economic news of recent weeks, Irwin Stelzer tells us in today’s edition of The Sunday Times is the recovery of the long-comatose dollar.” But what is good news for the US economy seems to be bad news for the eurozone. Ambrose Evans-Pritchard reported earlier this week that the ECB [...]
EU Referendum (Free subscription) | 08/17/2008
The most important economic news of recent weeks, Irwin Stelzer tells us in today's edition of The Sunday Times is the recovery of the long-comatose dollar. But what is good news for the US economy seems to be bad news for the eurozone. Ambrose Evans-Pritchard reported earlier this week that the ECB was taking a hammering for making a serious error by raising interest rates a quarter...
normxxx ruminates... (Free subscription) | 08/14/2008
US Dollar Rallies As Extent Of Worldwide Recession Becomes Clearer By Ambrose Evans-Pritchard, Telegraph.co.UK | 9 August 2008 The psychology of global markets has shifted hugely over recent days as it becomes clear that Europe, Australasia and parts of Asia are sliding into recession. The US dollar has launched its best rally in half a decade, reflecting a recognition that half...
The Telegraph (Free subscription) | 08/14/2008
By Ambrose Evans-Pritchard
normxxx ruminates... (Free subscription) | 08/14/2008
Stage Two Of The Gold Bull Market Is Just Beginning By Ambrose Evans-Pritchard | 12 August 2008 All that glitters is not reliable in these uncertain times A war breaks out in the Caucasus, pitting Russia against a close ally of the United States. Inflation reaches a new peak in the euro-zone. The CPI reaches the highest in Britain since Bank of England independence. Rampant inflation...
