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Edmund Conway

Ben Bernanke has just gatecrashed the US Presidential election

The Federal Reserve has just unveiled QE3 – its third round of quantitative easing. It has some traits in common with the first couple of rounds of QE: from the way it works (the Fed pumps cash into the economy by buying up bonds) to the fact that it comes alongside

Sorry - the euro crisis isn't over yet

The eurosceptic case against the single currency has suffered two sizeable blows in the past week. First was the European Central Bank’s (ECB) decision last week to buy up unlimited amounts of bonds [http://news.sky.com/story/981758/markets-boom-after-ecb-reveals-rescue-plan] to bring down struggling euro members’ borrowing costs. Then,

What The Bank of England Governor Job Ad Really Means

It’s arguably the most important unelected job in Britain, and on Friday it will, for the first time, be advertised. The role of Bank of England Governor will become available when Sir Mervyn King steps down next July. Historically, the succession has been decided privately by the Prime Minister

Here's what the Bank of England Governor ad will read

Will be placed in The Economist on Friday. No mention of salary, but Sir Mervyn currently receives £305,368. HM TREASURY Governor of the Bank of England The position of Governor of the Bank of England will fall vacant when Sir Mervyn King retires in June 2013. The Governor leads

OMT it's the ECB's bazooka

As weapons go, the bazooka is a pretty simple one: you take a hollow tube, shove a rocket inside, pull the trigger and watch the bang. The bazooka the European Central Bank has pulled out today is, well, of a different order of complexity. Starting with the name. You may

Monetary union is already breaking up - OECD

Monetary union is already breaking up - OECD

We are already witnessing a break-up of monetary union along national lines. Quite a statement – particularly given it comes from the chief economist of the Organization for Economic Co-operation and Development. For that is precisely how Pier Carlo Padoan described what you can see going on in Europe’s financial

The best economic charts you'll see for weeks

The best economic charts you'll see for weeks

Ever wondered what inflation was like in the dark ages, or what the price of gold was in medieval times? Wonder no longer. Jim Reid of Deutsche Bank has helpfully collected together a whole load of magical historical statistics in his latest assessment of the markets.The overriding point is