An interesting batch of headlines on the news wires with FOMC non-voter Bullard talk the hawk line saying further interest rate cuts are useless while Japanese Econ Min Yokosano proclaims weak US stocks are an indication of poor US economy. (Why is the Nikkei down another 4.65% tonight and Japaneses banks, lifers and even Kampo on the bid in USDJPY – and presumably EURJPY as well?).
Lots of finimn/CB/econmin, etc talk to be epxected along with the usual political contributors such as Sarkozy, Berlusconi, Merkel and Juncker adding a bit of psice to the stew.
