Good morning. I am not sure whether I will be able to check it when the time comes, but this is what the OECD thinks the world would look like in 2060. Look at Greece!

(source: http://www.economist.com/news/finance-and-economics/21566005-oecds-forecasts)

?????????????????? http://www.spiegel.de/wirtschaft/soziales/wirtschaftsmacht-deutschland-laut-oecd-2060-nur-auf-platz-zehn-a-866328.html

?????????????????? http://oecdinsights.org/2012/11/09/where-will-we-be-in-2060/

??

Japanese GDP came in down 0.9% in Q3, in line with expectations, another recession is likely

?????????????????? http://www.reuters.com/article/2012/11/12/us-japan-economy-idUSBRE8AB00J20121112

?????????????????? http://www.ft.com/intl/cms/s/0/99932460-2c5c-11e2-a91d-00144feabdc0.html

??

???EU budget talks collapse??? Mmmmm. That does not sound encouraging???

?????????????????? http://www.ft.com/intl/cms/s/0/797002de-2a95-11e2-a137-00144feabdc0.html

??

A number of alarming charts on the US deficits and the promises made for the future??? This one shows the real growth needed to balance budgets

?????????????????? http://www.businessinsider.com/obamas-victory-and-wall-street-comp-2012-11

??

China records the biggest trade surplus in four years??? Good thing Romney did not win the elections???

?????????????????? http://www.ft.com/intl/cms/s/0/0d391b9e-2b32-11e2-910c-00144feabdc0.html

??

Finally someone asks the question! If the U.S. goes over the fiscal cliff, do we still need to raise the debt ceiling? (the answer is yes)

?????????????????? http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/11/09/if-the-u-s-goes-over-the-fiscal-cliff-do-we-still-need-to-raise-the-debt-ceiling/

??

Study by the BIS on liquidity during the eurocrisis, with lots of interesting statistics and charts

?????????????????? http://www.bis.org/publ/work390.pdf

??

Just out of curiosity, but how have the European financials held up last week?

?????????????????? http://www.ritholtz.com/blog/2012/11/weekly-eurozone-watch-6/

?????????????????? http://www.spiegel.de/wirtschaft/unternehmen/bank-aktien-brechen-wegen-angst-vor-us-fiskalklippe-und-euro-krise-ein-a-866360.html

??

What the fiscal cliff would mean for the rest of the world???

?????????????????? http://www.businessinsider.com/how-the-rest-of-the-world-would-get-hit-by-americas-fiscal-cliff-2012-11

??

Wall Street Journal is looking into why the VIX index has hardly reacted to the sell-off in stocks

?????????????????? http://blogs.wsj.com/marketbeat/2012/11/09/vix-move-is-muted-amid-competing-pressures/

??

And this is the European version, apparently

?????????????????? http://soberlook.com/2012/11/the-decline-in-europe-risk-premium-is.html

??

Earning estimates are almost always wrong. And often too optimistic.

?????????????????? http://www.zerohedge.com/news/2012-11-09/idiocy-sell-side-research-lemmings

??

High yield is taking the highway with 2012 the highest new issue volume on record (while spreads have rallied lower!)???

?????????????????? http://soberlook.com/2012/11/2012-high-yield-debt-issuance-hits-all.html

??

???Detecting Early signs of financial instability??? by the Fed. Sounds like an interesting read???

?????????????????? http://www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2012/cfldecember2012_305.pdf

??

And the schedule for the week ahead. We start with Veterans day???

?????????????????? http://blogs.ft.com/beyond-brics/2012/11/11/week-ahead-november-12-18/

?????????????????? http://www.calculatedriskblog.com/2012/11/schedule-for-week-of-nov-11th.html

??

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data or information for accuracy used, and therefore do not guarantee that all data provided will be 100% correct. The links provided do not necessarily reflect my personal opinion and should be seen as general interest: oftentimes I do not agree with arguments presented, but nevertheless think it is worthwhile to read them. It is up to the reader to make up their own mind. Suggestions or discussions are more than welcome. Do not quote unless specifically cleared beforehand!