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Lunch Wrap

On FT Alphaville this morning,

- The state of hedgie pay.

- Tabulating the bank/PPIP disconnect.

-  L&G comes clean on CDOs. Sort of.

- Fed continues to QEase.

- A fresh wave of US/Japan parallels.

- UK gilt auction fails.

- Goodwin rage.

- Moving towards a global super currency.

On FT.com,

- Japan’s exports nearly halve.

- L&G slumps to a loss and halves dividend.

- Sir Fred Goodwin’s house attacked.

- Australian regulator clears Rio-Chinalco deal.

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