Mervyn Milobender gets his speech ready for Treasury Committee on the Northern Wreck
At 9.40 shares in the Egyptian cotton speculating industry are quoted at 201/202 (down 22%on the day...so far) and have been as low as 176 - which is good news because it provides a yield of 49%.
Perhaps Mervyn has gone off for a "haircut" before his performance in Westmintsre and has not been able to ..."monitor all the time and regularly whether or not there are risks to the stability of the financial system as a whole " (Press Conference Sept 8th concerning his appearance today.)
11.30 and Egyptian cotton speculating industry shares have rallied slightly.