Quote:
‘There’s a blush for won’t, and a blush for shan’t,
And a blush for having done it:
There’s a blush for thought and a blush for naught,
And a blush for just begun it’. John Keats (1795-1821-)
The News:
US House Committee postpones vote on banking reforms.
The Numbers:
Greenwich Mean Time, with expectations and previous figures in brackets.
04:00 JP Bank of Japan keeps rates unchanged at 0.10%; upgrades economic assessment.
07:00 JP October Convenience Store sales Y/Y versus –5.6% September.
07:00 DE October Producer Prices M/M, Y/Y, versus –0.5% and –7.6% September.
08:00 DE ECB’s Weber speaks at the European Banking Congress: ‘After the Crisis’ (he’s sure?), Frankfurt.
09:15 CH Swiss National Bank’s Roth speaks on the economy, Fribourg.
10:30 DE ECB’s Trichet also talks about ‘After the Crisis’ at the same do in Frankfurt.
The Psychology:
Japanese Labour and Thanksgiving holiday Monday 23rd.
The Risk:
Knee-jerk reactions may prove to be wrong.
Today’s most interesting chart: Benchmark US 2-year TNote yield
Almost as low as it was in December 2008 (0.612%).
