Chief International Economics Correspondent @BloombergNews in London. Previously in Washington and Paris. Likes cricket

Greece Submerges as Crisis Fallout Worse Than Emerging Markets — The Greek economy risks being more a submerging market than an emerging market. As another round of aid talks between the Mediterranean nation and its creditors ends without a deal, its economy is faring even worse than a string of developing countries which suffered traumas in the last two decades.

China Failing to Spike the Global Monetary Punchbowl as Fed Did — When it comes to spiking the global punch bowl, Zhou Xiaochuan doesn't come close to central bankers in the U.S. or Europe. After central bank stimulus from the Federal Reserve and European Central Bank had a ripple effect in foreign financial markets, economists from UBS Group AG are advising investors not to expect a similar lift as Zhou's People's Bank of China cuts interest rates and encourages banks to lend.

Global Inflation Mystery Risks Making Central Bankers Bystanders — Janet Yellen's Federal Reserve is "reasonably confident" it can drive up consumer prices. Mario Draghi says his European Central Bank's stimulus has already "proven so far to be potent." The Bank of England reckons inflation is "likely to return" to its target within two years.

The $18 Trillion Global Economic Boost If Everything Went Right — What if everything started to go right in the world economy? It's a lot to ask. The 1.1 percent global growth of the first quarter was the weakest for an expansion since 1998, according to JPMorgan Chase & Co. Former U.S.

Bubble Blowing to Continue So Long as Yellen Isn’t Raising Rates — Janet Yellen will have to do more than talk about potential asset market bubbles if she is to pop any. Days after Federal Reserve Chair Yellen's May 6 observation that stock valuations are "quite high," Citigroup Inc. strategists led by Robert Buckland looked around the world at what central banks have done in the past to rein in financial market excesses.

U.S. Nearer Next Recession Than Last Lacks Fed Insurance Policy — The U.S. economy is driving along without much insurance for when it crashes. Almost six years since the bottom of the last recession, the world's largest economy lacks the monetary and fiscal power to reverse the next contraction as threats to sustained growth build.

Bloomberg Briefs — Carney tried to sidestep the timing question, telling the interviewer "that's all you're going to get," and never made a specific comment on a preferred date. He's previously waded into fraught political issues, and his remarks in the buildup to last year's Scottish independence referendum were seized upon by pro-union campaigners.

BRICS Bank Invite to Greece Has Jim O’Neill Thinking It’s a Joke — Having scratched together the 750 million euros ($845 million) it owes the International Monetary Fund and with a few weeks of cash left in its accounts, Greece is now being invited to join a club with a membership fee running into the billions.

Bears Beware: Rout Puts Investors on Wrong Side of Central Banks — The biggest global bond rout in two years has put investors in a dangerous place: challenging the world's most influential central banks. The truism "don't fight" the Federal Reserve has morphed into hedge fund manager David Tepper's recent caution against taking on the "four Feds:" the European Central Bank, Bank of Japan and People's Bank of China in addition to the U.S.

70 currency union breakups offer Greece hope — The hardliners in Athens may have a point. History suggests Greece leaving the euro wouldn't make catastrophe inevitable, suggests Adam Slater, lead economist at Oxford Economics Ltd. More than 70 countries and territories have quit currency unions since 1945 and yet only a small minority have then suffered large losses in output, he said in a recent study.
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May 22, 2015

A much-delayed train trip to Cornwall made much more agreeable by the new book on cricket centuries from @sjamesjourno

May 22, 2015

RT @Williamw1: Would be a far bigger story if Bank of England wasn't running the numbers on possible impact of Brexit…

May 22, 2015

RT @LisaAbramowicz1: It’s hard to figure out exactly what people mean when they say “liquidity” & how it’ll spur financial Armageddon. http…

May 22, 2015

RT @fergalob: Deep breath: German GDP, IFO, French biz confidence, UK budget data, Draghi, Praet, Carney, Shafik, Constancio, Fischer, Kuroda - sheesh

May 22, 2015

RT @Sarah_Montague: Talking Hedgehogs today 7.40. Made me remember this, courtesy of @JakeWSimons STILL one of best things on internet.

May 21, 2015

RT @rob1cox: Central bank governors should serve late in life so that they then retire to their gardens - not go back to work - Paul Tucker @HooverInst

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