http://www.dianaswednesday.com/2008/03/wednesday-night-1357/ Where the world comes together Sat, 17 May 2008 01:56:51 +0000 http://wordpress.org/?v=2.2.2 http://www.dianaswednesday.com/2008/03/wednesday-night-1357/#comment-1705 Diana Thébaud Nicholson Fri, 14 Mar 2008 19:57:00 +0000 http://www.dianaswednesday.com/2008/03/wednesday-night-1357/#comment-1705 <strong>Gold passes $1,000 an ounce</strong> (The Economist)The move will be seen as vindication by those who believe that gold is the only real store of value and that paper money is doomed to decline to its intrinsic worth—in other words, zero. And indeed, one of the main reasons why gold is priced in four digits is related to the problems of the dollar, the world’s pre-eminent currency. The greenback dropped below 100 yen on Thursday, its lowest level since 1995, and was close to parity with the Swiss franc. <a href="http://www.economist.com/daily/news/displaystory.cfm?story_id=10855880&fsrc=nwl" rel="nofollow">Read article</a> Gold passes $1,000 an ounce
(The Economist)The move will be seen as vindication by those who believe that gold is the only real store of value and that paper money is doomed to decline to its intrinsic worth—in other words, zero. And indeed, one of the main reasons why gold is priced in four digits is related to the problems of the dollar, the world’s pre-eminent currency. The greenback dropped below 100 yen on Thursday, its lowest level since 1995, and was close to parity with the Swiss franc. Read article

]]> http://www.dianaswednesday.com/2008/03/wednesday-night-1357/#comment-1704 Diana Thébaud Nicholson Wed, 12 Mar 2008 21:25:20 +0000 http://www.dianaswednesday.com/2008/03/wednesday-night-1357/#comment-1704 (The Independent) UK Chancellor Alistair Darling today signalled that the impact of global financial turmoil would last longer than expected as he cut growth forecasts for the second time in six months. Mr Darling slashed growth forecasts to between 1.75 per cent and 2.25 per cent for 2008 - following a similar move in October's Pre-Budget statement - but also cut his predictions for next year for the first time. <a href="http://www.independent.co.uk/news/uk/politics/darlings-slashed-growth-predictions-still-too-high-794648.html" rel="nofollow">Full story</a> (The Independent) UK Chancellor Alistair Darling today signalled that the impact of global financial turmoil would last longer than expected as he cut growth forecasts for the second time in six months.
Mr Darling slashed growth forecasts to between 1.75 per cent and 2.25 per cent for 2008 - following a similar move in October’s Pre-Budget statement - but also cut his predictions for next year for the first time. Full story

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