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The price of a sterling crisis
The authorities seem dangerously blasé about the potential damage of a declining currency 'A weak currency arises from a weak economy, which in turn is the result of a weak government." That was Gordon Brown, speaking in the wake of the exchange rate mechanism debacle in 1992. Today, ...
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Further reading
FT Alphaville — Elsewhere on Friday: - The revenge of Karl Marx - Stop the bail-out! Four better alternatives - The “too-big-to-fail” list - Panics and booms: A lesson from 1897 - The price of a sterling crisis - Hedge fund datapoint of the day - Are banks going to walk their talk? - Krugman’s illogic extended - GE’s (rapidly weakening) rationale for existing -  The mark-to-market debate - Carrots, not sticks, for Eastern Europe - Inside the world’s tax havens - The obsession with bottoms ...

Sterling, risk & inflation
Stumbling and Mumbling — ... DeAnne Julius and Danny Gabay say something I find surprising: The UK and its currency are now perceived as a riskier bet. Sterling's decline may be telling us that overseas investors see a significant risk of inflation ahead. This puzzles me. If ...

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