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London and Winchester
Chief International Economics Correspondent — Bloomberg News
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Chief International Economics Correspondent @BloombergNews in London. Previously in Washington and Paris. Likes cricket

Wall Street Economists Split on ECB Ever Buying Government Bonds — If the European Central Bank's Governing Council can't agree about buying sovereign bonds, it's hard to blame economists for failing to agree on whether it ever will. A split is thus as evident among ECB-watchers as it is between policy makers.

Less Need to Mind the Gap in U.K. Amid Record Current Account — Swelling current account deficits have often been the undoing of the U.K. economy. In the mid-1970s and late-1980s, ballooning trade gaps beyond 4 percent of gross domestic product presaged recessions and devaluations in the pound after investors concluded the Brits were living beyond their means.

Goldman Sachs Shows Investors Path Out of Economic ‘Wonderland’ — "Alice in Wonderland" is proving a popular read among the global financial elite. Two weeks ago, International Monetary Fund Managing Director Christine Lagarde retold the scene in which Alice reaches a fork in the road and asks the Cheshire Cat for advice on which direction to head.

How Markets Need $200 Billion Each Quarter From Central Bankers — The central-bank put lives on. Policy makers deny its existence, yet investors still reckon that whenever stocks and other risk assets take a tumble, the authorities will be there with calming words or economic stimulus to ensure the losses are limited.

Bullard-Haldane Risk Killjoy Communications With Easy Money Talk — Central bankers to the rescue! Or are they? St. Louis Federal Reserve Bank President James Bullard lent jittery stocks some support last week after observing to Bloomberg News that the Fed should consider delaying the end of its third round of bond buying. The week ended with Bank of England Chief Economist Andrew Haldane saying recent U.K.

Ten Reasons to Be Cheerful on Growth in Cruellest Month — There's no mistake that this week has been a wild one for financial markets, living up to October's billing as the cruelest month for equities. Still, as the week ends, some economists are wondering if things are all that bad for the world economy.

What Yellen Needs to Learn From Sweden, Fast — Forget the bigger-than-forecast drop in U.S. retail sales, the surprising tumble in U.K. inflation to a five-year low, and the slide in German investor confidence. For central banks around the world, the most informative piece of economic data released anywhere this week was the news that Swedish consumer prices fell 0.4 percent in September from a year earlier.

World Economy Gives Investors Growth Scare as Eyes Focus on U.S. — The global economy faces its biggest test of confidence since the European sovereign debt crisis as investors fear it's running out of engines. Japan and the euro area are throwing up fresh signs of weakness by the day and emerging markets such as China are dragging instead of driving growth.

Oil Slide Puts Central Bankers Over Deflationary Barrel — Ever since the oil shock of the early 1970s, central bankers have fretted that rising energy prices spelled recession. Now they're discovering cheaper energy can be a headache too, especially when warding off deflation is the economic challenge du jour.

No Happy Ending for Investors in Central Bank Fairy Tale — You know it's a special moment in the financial markets when analysts ditch the jargon and reach for artistic references. Ed Yardeni cited "The Wizard of Oz." International Monetary Fund Managing Director Christine Lagarde went with both "Alice in Wonderland" and Harry Potter.
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Oct 24, 2014

Will ECB buy government bonds? Goldman 33% chance and JPMorgan 50-50. HSBC, Citi and Commrz bet it happens

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