Subscribe

Ed Conway

Hi I'm Ed Conway and this is my website!

Britain can borrow at lowest rates in history

Britain can borrow at lowest rates in history

UK borrowing rates – lowest since William of Orange If you’re after one striking fact that shows you just how topsy-turvy are the economic times we’re living in, perhaps this one will do the trick. Despite having one of the biggest deficits in the Western world; despite worries about

The Euro Is Already Disintegrating

The Euro Is Already Disintegrating

To the naked eye, the euro is still alive. From a financial perspective, on the other hand, it is already pretty much kaput. In just the same way as the currency union was preceded by an invisible rise in financial integration across the euro area, its demise is already being

The Looming European Bank Run

The Looming European Bank Run

When is a bank run not a bank run? Spain and Greece have, as the charts below will attest, been facing an exodus of cash from their banks for the past year and a bit. Some €50bn of Spanish bank deposits have left the country since last January, while Greece

The Moment The Bank of England Predicted The Financial Crisis

The Moment The Bank of England Predicted The Financial Crisis

The Bank of England did see the crisis coming. It did make noise about it. It did foresee a banking collapse and a house price slump. It did see the recession coming. Given how much criticism the Bank’s Governor, Sir Mervyn King, has come in for in the wake

Britain’s IMF Contribution is Least Generous of All

Was George Osborne’s decision to provide $15bn (£10bn) to the International Monetary Fund designed to prevent him having to go to Parliament to vote it through? The Chancellor is adamant that it wasn’t. I asked him precisely that question when I spoke to him here in Washington. He

The Captain's Not For Moving: The Full Lagarde Interview

Here, for those who like these things, are the full quotes from our Christine Lagarde interview earlier today. The captain stays with the ship Given it’s the centenary of the sinking of the Titanic, the choice of metaphor was probably a little unfortunate – but the message is clear nonetheless.

Britain Has World's Most Over-indebted Banking System

Britain Has World's Most Over-indebted Banking System

Britain now has the world’s most over-indebted banking system, according to new figures from the International Monetary Fund. The Fund’s Global Financial Stability Report has revealed that the total gross debt of Britain’s banks is equivalent to 742% of the UK’s total economic output – equivalent to