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...As president of Feeding Northeast Florida food bank, Susan King is already seeing this pressure first hand....
...In a panel that followed the remarks, Mervyn King, a former governor of the Bank of England, said central bank independence was a “great responsibility and it cannot be misused by trying to creep into areas...
...Next Wednesday, he will be joined by other FT experts including Martin Sandbu and Colby Smith as they discuss rate-setters’ ability to forecast and control inflation. Sign up here for free....
...But Doug King, chief investment officer at RCMA Asset Management, said he was not convinced the rally would take the price much higher....
...Colby Smith in Washington Kremlin seizes Carlsberg and Danone assets in Russia Saudi Arabia launches push into football with multiple big-name signings Niger soldiers appear on television to announce...
...A consortium that includes former US Treasury secretaries Timothy Geithner and Larry Summers as well as retired central bankers such as the Bank of England’s Mervyn King on Wednesday proposed sweeping changes...
...“They have a lot of consolidation to do,” said Rudra Chaudhuri, a senior lecturer at King’s College London’s department of war studies....
...Colby Smith reports on the reaction of economists and market participants to the shift....
...“The more dovish central banks are, the more money they pump into the system, the more dependent markets become on that money to maintain high valuations,” says King....
...Jargon includes talk of “diamond hands” — an ability to hold a position despite the pain — and “tendies” (trading gains, but also an abbreviation for chicken tenders — a meal considered fit for a king)....
...Additional reporting by Matthew Rocco and Colby Smith...
...“Yield-chasing behaviour has become much more pronounced,” said Matt King, global head of credit products strategy at Citigroup....
...“Central bankers sometimes like to think of the theory first and then look for market impact later,” said Mr King....
...(FT) Protesters break taboos around Thai king Thailand’s King Maha Vajiralongkorn and his royal house have long enjoyed a legally enforced cordon of respect and self-restraint unlike any other in the world...
...(FT) Fowl situation How the coronavirus outbreak almost dethroned Britain's “chicken king” Ranjit Singh Boparan, who sits upon the 2 Sisters empire....
...(FT) Cash is king Foreign investors have long been exasperated by Japanese corporates’ insistence on hoarding cash and refusing to give shareholders the priority they enjoy in the west....
...As Matt King of Citi shows in the below chart, that process has begun to taper off in some economies, and in the US, reverse altogether....
...Colby Smith (2018 - 2019) The Belt and Road's dollar problem But China only has so many dollars....
...But America is not Sweden — stateside cash is still king, at least for now....
...“I’ve seen this movie before,” said David King, a senior portfolio manager at Columbia Threadneedle Investments. “Here we are, probably late cycle, and we’re getting good performance on convertibles.”...
...Related Links: Global liquidity is drying up - FT Alphaville King dollar: Hedge funds sharpen bet on rising greenback - FT Dollar has become the haven for investors seeking shelter - FT...
...Or, as Colby has written about, the seemingly unending troughs of cash available for so-called leveraged loans....
...As Maya Jasanoff describes it in her excellent book The Dawn Watch, the rubber exports of the misleadingly-named Congo Free State, ruled by King Leopold II of Belgium, rose from 134 tonnes in 1890 to 1,317...
...There was some unsettling entertainment, too: the FT’s Anjli Raval reported that a member of the Gipsy Kings sang “Hotel California”, with its famous line “You can check out any time you like, but you can...
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