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Traders leaving London would at least escape rain

  Mark Gilbert Have you heard? The platforms of London’s St. Pancras train station and the departure lounges of its airports are packed with anxious investment bankers, ordered by their employers to relocate following Brexit. Of course, that isn’t happening at all; the U.K. decision to leave the European Union hasn’t prompted an overnight exodus. But the banks that warned ...

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Donald Trump’s trade talk shows a truth deficit

  James Gibney Donald Trump’s recent Trademaggedon speech has unleashed a lot of “elite” spluttering. He doesn’t understand economics! He gets his facts wrong! His remedies are wildly unrealistic and counterproductive! Which is all true. But just as important was one point where he got some of his facts right, because it highlights the difficulty of talking straight about trade ...

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BOE opens Lehman playbook as rate cut eyed

  Bloomberg Mark Carney looks poised to repeat a strategy that served him well during the global financial crisis. As the Bank of England governor seeks to stave off any turmoil after Britain’s decision to quit the European Union, he has cited his experience at Canada’s central bank in 2008 as a guide. Acting early to prevent a deeper downturn ...

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