Bank of england governor, michael king. That is right. Michael lewis, the author of liars poker, the big short does a book review of mervyn kings new book. In the process, he talks about what a great professor he was because he was his teacher, but he also talks about this one plan that mervyn king comes up with that would really help the Banking System in his view by simplifying what gets bailed out, what doesnt and protects banks and in a much simpler way, which just sort of kind of seems so simple, hard to believe that people are not already talking about it. Carol it is not like he wrote a book about pay, this is what it is like to be the head of the bank of england but he wrote something useful to avoid another financial crisis. Ellen mervyn king says anybody can write a book about how they save the world and what he wanted to do was talk about what he had learned and possible solutions, so one of the things he talks about is separating the boring parts of the bank, as he puts it,
Michael king. That is right. Michael lewis, the author of liars poker, the big short does a book review of mervyn kings new book. In the process, he talks about what a great professor he was because he was his teacher, but he also talks about this one plan that mervyn king comes up with that would really help the Banking System in his view by simplifying what gets bailed out, what doesnt and protects banks and in a much simpler way, which just sort of kind of seems so simple, hard to believe that people are not already talking about it. Carol it is not like he wrote a book about pay, this is what it is like to be the head of the bank of england but he wrote something useful to avoid another financial crisis. Ellen mervyn king says anybody can write a book about how they save the world and what he wanted to do was talk about what he had learned and possible solutions, so one of the things he talks about is separating the boring parts of the bank, as he puts it, from the more exciting pa
Welcome. You are watching the pulse. We are live from bloombergs european headquarters. I am guy johnson. Busy morning for the eurozone. The french finance minister is ofnning 21 billion euros spending cuts in 2017. He has outlined next years budget. He says the french government sees the deficit falling 4 in 2017. We wont get 2. 8 until 2017. This is the line that really encapsulates the story from the french this morning. The rhythm of Debt Reduction is appropriate to the situation, safire says. No further efforts will be demanded of the french. The government needed to put the country on the right track. Refuses austerity. That tells you a lot about the direction of travel here. It is going to maybe continue to change the relationship with germany. We have also had news out of the germans this morning when it comes to manufacturing, below 50 according to the pmi this morning. This is the flash number. That has sent the euro tumbling as well. We had a touch at 1. 26 yesterday. We are
In festivities. Germany climbing. France climbing as well. Gdp as expected, gaining. 3 . We get u. K. Final rethink for the third quarter, where we see u. K. Sing we get the rising for the third quarter. Many feel the final corridor could come in higher than previous quarter could come in higher. We could see gains for the third quarter. Durable goods are going to be coming in. Home sales as well. Plenty of people to be analyzing on the economic front. What has also been gaining is oil. The second day out of three we sixseeing a climb up. Dollars is your brent contract. Interesting what you see in the euro. It is basically flat. We have got key data coming out. Maybe there is a little nervousness ahead of the politics going on in greece. The greek Prime Minister seems to be unlikely to get there his candidate in the second round of voting. He is likely to have to wait until the third round. The second round president ial vote happening today. Eurozone fears. Turmoil rearing its ugly he
Welcome to countdown. The other major story of the day we have been following the u. S. Jobs figure. What will it mean for the outlook for Interest Rate hikes in the world apostle are just economy . But first lets get back to our top story. The hunt for the two suspects in the french massacre is intensifying. Antiterrorist police have sealed off a group of villages northeast of paris. Is a densely wooded area. The brothers have been at largee for more than 43 hours. Police believe the brothers may be in possession of a Rocket Launcher and other weapons. We will be live in paris a little later to get an update from hans nichols on the ground. Lets turn our attention to china where Producer Prices fell the most in over two years due to sluggish demand and low Commodity Prices. Lets go to yvonne man. Hello yuvonne. That deepening slump we are seeing ppi numbers are down. 3 , the most in two years. Lower Commodity Prices extending that ppi decline for a record 34 months. We are seeing the