- Ambrose Evans- Pritchard comments: "Foreigners have a veto over U.S. policy. Japan did not have this problem during its Lost Decade. As the world's supplier of credit, it could let the yen slide. It also had a savings rate of 15%."

Americas Macro sector headlines

• Today 00:02am
  *(US) NOV MONSTER EMPLOYMENT INDEX: 143 V 150 M/M (The Nov 2007 reading was 183); The index is now at the lowest level since 2004- Only agriculture showed an increase in jobs in Nov and demand for more...
  
• Yesterday 11:15pm
  (JP) Japan extra bond sale bid to cover 2.87X v 3.23 prior- A total of ¥149.8B in 20-yr and 30-yr bonds were sold. - This was auction number 35.
  
• Yesterday 11:13pm
  (US) Secy. of State Rice calls for "robust" action from Pakistan govt against those responsible for Mumbai attack
  
• Yesterday 10:52pm
  Spot gold moving below $770 into negative territory for the session
  
• Yesterday 08:33pm
  (CA) Finance Min Flaherty pledges added stimulus in Jan 27 budget, could try to help credit availability for auto leasing