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

Return of Goldilocks Has UBS Asking If It Gets Better Than This

bloomberg.com — (Bloomberg) -- Does it get any better than this? That's the question Larry Hatheway, UBS Group AG's chief economist, is asking about financial markets. His answer: Probably not. Right now, the MSCI World Index of stocks is trading near record highs and bond yields are at historic lows.

Even With Free Money, Merkel Still Reluctant to Spend

bloomberg.com — (Bloomberg) -- In Germany there's no such thing as guilt-free borrowing. Even when it's the lenders who pay the borrower. "In German, debt is the same word as guilt," former Italian Prime Minister Mario Monti said in an interview. The word is "Schuld."

ECB, BOE to Guard Clearinghouse Stability After EU Ruling

bloomberg.com — (Bloomberg) -- The European Central Bank and Bank of England took joint steps to ensure financial stability in the market for euro-denominated trades after the ECB this month lost a legal battle over the location of clearinghouses.

U.K. Opposition Labour Opens Up Poll Lead Over Conservatives

bloomberg.com — (Bloomberg) -- The U.K.'s opposition Labour Party secured its biggest opinion poll lead since September over Prime Minister David Cameron's Conservatives, according to YouGov. With the election 39 days away, Labour was backed by 36 percent of those surveyed by YouGov for the Sunday Times, with the Conservative Party trailing at 32 percent.

Draghi a World-Beater in Moving Markets as ECB Confounds Critics

bloomberg.com — (Bloomberg) -- Mario Draghi is winning the early rounds of quantitative easing. Just three weeks into his campaign to revive inflation by injecting cash into the economy with bond purchases, the European Central Bank president has gotten the desired trading results. Bond yields have plunged, the euro has weakened and stocks have rallied.

Slowdown in emerging market may chill the global economy

iol.co.za — THE cooling of emerging markets runs the risk of chilling the global economy. The world's growth engines after the 2008 financial crisis, emerging markets are losing momentum as manufacturing in China contracts and recessions loom in Brazil and Russia. At Credit Suisse Group, economists predict the expansion of developing countries will slow to 3.8 percent this year, the weakest since 2009.

Emerging Market Slowdown Leaves Growth Edge Smallest in 14 Years

bloomberg.com — (Bloomberg) -- The cooling of emerging markets runs the risk of chilling the global economy. The world's growth engines after the 2008 financial crisis, emerging markets are losing momentum as manufacturing in China contracts and recessions loom in Brazil and Russia.

Six Degrees of Separation Explain the Global Trade Pain to HSBC

bloomberg.com — (Bloomberg) -- The world economy is suffering from "six degrees of separation." That's the conclusion of HSBC Holdings Plc economists Stephen King and James Pomeroy after they probed the deceleration of global trade since the 2008 financial turmoil.

Central Banks Warn of Bad Outcomes as Weak Inflation Goes Global

bloomberg.com — (Bloomberg) -- Central bankers are realizing that what happens abroad matters more than ever to inflation at home. In the past month, policy makers from Ottawa to London have used speeches to highlight how their local inflation rates may be driven by events outside their control, complicating their ability to set the right monetary policy.

Romer-Romer Challenge Reinhart-Rogoff on Banking Crises Fallout

bloomberg.com — (Bloomberg) -- This time really may have been different. Christina Romer and David Romer are challenging the popular view developed by Carmen Reinhart and Kenneth Rogoff that the sluggish global recovery from the 2008 financial crisis accorded with historical evidence that eight years are typically needed to restore income lost from market meltdowns.
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Mar 31, 2015

RT @abarden: Give British cheap butter and they vote to stay in #EU - at least that’s the script from 1975. bloom.bg/1G9GK8L pic.twitter.com/dxdrDNYAFu

Mar 27, 2015

RT @boes_: Important story on shadow banking: "These institutions are a significant and growing source of credit in the economy" bloom.bg/1xjrDYs

Mar 27, 2015

And they said it wouldn't work -- Turns out Draghi's QE is having a bigger effect on markets than the Fed, BOE, BOJ - bloom.bg/1Cgfy5t

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