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

Grexit Is So 2012. Citigroup Introduces Grimbo to Crisis Lexicon

bloomberg.com — Citigroup Inc. economist Ebrahim Rahbari is again trying his hand at etymology. In February 2012, he coined the term "Grexit" to describe the risk of Greece leaving the euro area. At the time, he and his fellow economists at Citigroup put the probability at 50 percent within the next 18 months and later raised it to 90 percent by 2014.

Fed Rate Riot Pending If History to Investor Tantrums Is a Guide

bloomberg.com — No amount of reassuring rhetoric by Janet Yellen and her colleagues at the Federal Reserve can prevent markets' over-reaction when benchmark interest rates start heading higher. That's the conclusion of Deutsche Bank AG economists Joseph LaVorgna and Brett Ryan after studying turns in Fed policy in the past two decades.

Druckenmiller's Bond Focus Risks Underestimating Greek Turmoil

bloomberg.com — To hear Stanley Druckenmiller talk, there's little to fear these days if Greece exits the euro. "I prefer to see Greece stay in the euro zone for a lot of economic, market reasons and maybe humanitatian reasons," the billionaire investor said in an interview with Bloomberg's Stephanie Ruhle last week.

Latin America to Canada Bet on Good-Neighbor Policy From Fed

bloomberg.com — Central bankers from Canada to Colombia are betting the U.S. Federal Reserve will prove a good neighbor to their economies and financial markets when it raises interest rates for the first time since 2006. Greater transparency about the Fed's plans from Chair Janet Yellen and the assumption any U.S.

World Braces for Taper Tantrum II Even as Yellen Soothes Nerves

bloomberg.com — The world economy is about to discover if to be forewarned by the Federal Reserve is to be forearmed. Two years since the Fed triggered a selloff of their assets in the so-called "taper tantrum," the finance chiefs of emerging markets left Washington meetings of the International Monetary Fund praising Chair Janet Yellen for the way she is signaling plans to raise U.S.

G-20 Says Volatile Currencies Pose Risk After Dollar Surges

bloomberg.com — Global finance chiefs identified volatile currencies as a threat to an improving world economy, signaling for the first time that they may be concerned by a surging U.S. dollar. "There are important challenges including volatility in exchange rates," central bankers and finance ministers from the Group of 20 said in a statement after talks in Washington on Friday.

Threat of Deflation Fades as Central Bankers See Prices Tick Up

bloomberg.com — Central bankers and finance officials said the deflation shock that marked the start of the year is receding as easy monetary policies show signs of pushing prices higher. After a plunge in oil and stumble in global economic growth raised the specter of falling prices, policy makers gathering in Washington on Thursday said inflation is now slowly but surely starting to pick up.

ECB Rues Limits of Stimulus as IMF Gauges Rust in Euro Economy

bloomberg.com — As European Central Bank policy makers vaunt the success of their stimulus measures so far, they remain as aware as ever of its limits. Fresh from their latest policy meeting in Frankfurt on Wednesday, euro-zone officials are now headed for Washington, where the International Monetary Fund singled out the currency bloc in an assessment last week on the depletion of growth potential across the world.

World Economy Doing Worse in Practice Than Theory Suggests

bloomberg.com — Easy monetary policy, a halving of the price of oil and sliding currencies in many parts of the world should be a recipe for faster economic expansion. Yet when the International Monetary Fund released forecasts on Tuesday it left its prediction for global growth this year unchanged at 3.5 percent.

Will Mario Draghi Leave the ECB Without Ever Raising Rates?

bloomberg.com — Here's one way of measuring how troubled Europe's economy is: Investors are betting Mario Draghi will complete his eight-year term as head of the European Central Bank in 2019 without ever raising interest rates.
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Apr 23, 2015

RT @JoshZumbrun: Another insta-classic from @TheOnion: "Entire Treasury Department Competing For Same Goldman Sachs Job Opening" theonion.com/articles/entir…

Apr 22, 2015

RT @moyeenislam: #BOE minutes font changed from Times New Roman to Arial! Central banking innovation at its finest

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