The Financialist:’What’s the Big Idea? Breaking down Ed Milliband’s predistribution plan’

7th September 2012

Quote of the day

Jim O'Neil on being governor of the BoE: "Paddy Power is currently giving me the odds of getting the job at 10/3 while Harry Redknapp is 1000/1. However, I suggest Redknapp is a better bet than O'Neill." (Investment Week)

Chart of the day

inflation

803 years of global inflation. (Zero Hedge)

Economics

Breaking down the Good, Bad & Original parts of Ed Miliband's 'predistribution' idea to fix the economy. (Stumbling and Mumbling )

The French government provides a lesson in how not to cut a deficit. (Adam Smith Institute)

Britain slips to the ‘bottom of economic pile' along with Japan and Italy. (Scotsman)

Stocks

FTSE bursts through 5,800 on ECB euphoria. (City Wire)

Xstrata and Glencore clobbered by bid news. (Financial Times)

Dow, S&P hit four-year highs (Herald Sun)

Banking

Lloyd's chief says banks must "recast" themselves as boring and trustworthy. (Business Matters)

FSA to Barclays: we're still watching you. (Guardian)

Bank of England keeps monetary policy on hold. (Mindful Money, Independent)

 

Previously on The Financialist:

Everything you think you know about China is wrong

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