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Financial Times

The Economist

  • Covid-19 presents economic policymakers with a new sort of threat
    THE ONLY thing we have to fear is fear itself, or so reckoned Franklin Roosevelt. In many an economic downturn that is true—an anxiety-induced reluctance to spend is the main threat to prosperity. For now, the world is treating the outbreak of covi…
    - 2 days ago 20 Feb 20, 3:49pm -
  • Cash sloshes around the world in unexpected ways
    MONEY MAKES the world go round. But where in the world is it going? In theory the answer lies in statistics published by the likes of America’s Treasury Department and the International Monetary Fund (IMF), which track cross-border flows of debt an…
    - 2 days ago 20 Feb 20, 3:49pm -
  • Michael Milken receives a presidential pardon
    ON FEBRUARY 13TH 1990 Drexel Burnham Lambert, which only a few years earlier had been America’s most profitable investment bank, filed for bankruptcy. Its death knell had sounded ten months earlier when Michael Milken, who created the junk-bond mar…
    - 2 days ago 20 Feb 20, 3:49pm -
  • The Bundesbank is caught between a doveish ECB and a suspicious public
    FRANKFURT IS BLESSED with not one but two central banks. In the north loom the brutalist headquarters of the Bundesbank—a raw-concrete structure that is three times wider than it is tall. Ascend to its higher floors and you get a splendid view of t…
    - 2 days ago 20 Feb 20, 3:49pm -
  • Student debt in America amounts to over $1.5trn
    ON FEBRUARY 18TH Mike Bloomberg became the latest Democratic presidential candidate to promise to tackle student debt in America. The stock of loans amounts to over $1.5trn, around 7% of GDP. Fully 45m Americans owe an average of $37,000; a fifth are…
    - 2 days ago 20 Feb 20, 3:49pm -