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While Lagarde and Juncker go at it in the policymaker equivalent of hammer and tongs over timetables, there’s a risk here of people forgetting the numbers involved. Because they don’t add up.
Consider these two tables from David Mackie at JP Morgan. Click to enlarge. Read more
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5.The Bearable Lightness of Debt - Or, How I Learned To Stop Worrying And Love Low Interest Rates
7.Is the IMF under-counting the Greek government's financial assets?
8.Mr Putin's proceeds (and his bond plumbing)
10.Dear fintech firms, advertising standards are a thing. Thanks, the FCA
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2.Rise of the robots: Hug your jobs tight
3.The Bearable Lightness of Debt – Or, How I Learned To Stop Worrying And Love Low Interest Rates
4.It’s no fun when Amex throws your startup a Curve ball
5.Bitcoin companies come of age; start moaning about unfair playing fields
6.Thought for the weekend
7.Why the death of cash may have been exaggerated
8.China and traditional industrialisation-led development: the world was not enough
9.Markets Live: Thursday, 26th May, 2016
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