Thursday 14 April 2016

An economics scoop

The times they are a changin in the high-flying world of British economics journalism.

When I was young M&A reporter on The Daily Telegraph landing fact-based deal scoops I always used to wonder why economics journalists didn't attempt to do carry out a similar style of reporting.

To me, an economic reporter's scoop always appeared to be a "scoop of interpretation" or just a general ripping off of real economists' ideas (this used to be regular complaint from an old mate who is an economist).

So, I once asked the Ed Conway - who I used to sit next to at The Daily Telegraph but is now Sky News economics editor - that exact question: why didn't economics reporters try to find out what was going to happen ahead of major of event, such as the Bank of England's decision on whether to raise or lower interest rates, from primary sources and then publish it as a fact-based scoop?

But Ed (who, by the way, I rate very highly) assured it just wasn't the done thing in the economics reporting world. Indeed, I was told that attempting to find out what the Bank of England's Monetary Policy Committee (MPC) is planning to announce and then reporting it as a fact could land an intrepid economics hack in some very hot water.

Today, though, it would appear the world of economics reporting is on the cusp of some major change after Ed tweeted this (see below) ahead of the MPC announcement on rates:

Today the BoE will leave interest rates unchanged at 0.5%. Almost everyone expects the MPC to be unanimous on this. But...

Whilst Ed's first tweet appears to be an "interpretative scoop" (subsequently proved correct) based on other economists' views, the second tweet would imply he does appear to have gleaned some hard facts from off the record sources about some MPC members' views on the future direction of British interest rates for the next MPC meeting.

Hat tip to Conway then but cue manic confusion on foreign exchange trading floors and a barrel load of expletives (that are too rude for these pixels) directed towards poor Ed on Twittersphere.

17 comments:

  1. Hello, I am Theresa Williams After being in relationship with Anderson for years, he broke up with me, I did everything possible to bring him back but all was in vain, I wanted him back so much because of the love I have for him, I begged him with everything, I made promises but he refused. I explained my problem to someone online and she suggested that I should rather contact a spell caster that could help me cast a spell to bring him back but I am the type that never believed in spell, I had no choice than to try it, I mailed the spell caster, and he told me there was no problem that everything will be okay before three days, that my ex will return to me before three days, he cast the spell and surprisingly in the second day, it was around 4pm. My ex called me, I was so surprised, I answered the call and all he said was that he was so sorry for everything that happened that he wanted me to return to him, that he loves me so much. I was so happy and went to him that was how we started living together happily again. Since then, I have made promise that anybody I know that have a relationship problem, I would be of help to such person by referring him or her to the only real and powerful spell caster who helped me with my own problem. His email: drogunduspellcaster@gmail.com you can email him if you need his assistance in your relationship or any other Case.
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    2. I had a problem with my girlfriend six months ago,which lead us apart. When she broke up with me,I was no longer myself,I fill so empty inside.And i dont know what to do,I feel my life has come to an end because she was my first love.I went for counselling and advice online and i saw so many good comment about a spell caster on how he help them to solve their relationship and marriage issues.I email the spell caster on the email which was provided in the comments (relationshipspell@gmail.com) and I explain my problem to him and I did what he asked me to briefly make the long story short, Before I knew what happened,after 48 hours,my girlfriend gave me a call and she came back to me and told me she was sorry about what happen and beg for forgiveness, I’m so grateful to these spell caster and i will not stop publishing his name on the internet just for the good work he did for me.If you need his help,you can email him at RELATIONSHIPSPELL@GMAIL.COM his website: http://relationshipspellhelp.webs.com I will forever be grateful to him.He is the perfect solution to relationship and marriage issues.

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  4. Hello Dearest.
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    Am Located in USA (NEW YORK) and my number is +1 (646) 944-8296 you can also email me on kelvinamber1@gmail.com
    thanks to Dr LANO the great caster, you really need to get your work done through him. if you require the service of the great caster you can email him on lanospellhome@yahoo.com
    MY BEST REGARDS TO YOU ALL

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  10. ​My life became devastated when my husband sent me packing, after 8 years that we have been together. I was lost and helpless after trying so many ways to make my husband take me back. One day at work, i was absent minded not knowing that my boss was calling me, so he sat and asked me what its was all about i told him and he smiled and said that it was not a problem. I never understand what he meant by it wasn't a problem getting my husband back, he said he used a spell to get his wife back when she left him for another man and now they are together till date and at first i was shocked hearing such thing from my boss. He gave me an email address of the great spell caster who helped him get his wife back, i never believed this would work but i had no choice that to get in contact with the spell caster which i did, and he requested for my information and that of my husband to enable him cast the spell and i sent him the details, but after two days, my mom called me that my husband came pleading that he wants me back, i never believed it because it was just like a dream and i had to rush down to my mothers place and to my greatest surprise, my husband was kneeling before me pleading for forgiveness that he wants me and the kid back home, then i gave Happy a call regarding sudden change of my husband and he made it clear to me that my husband will love me till the end of the world, that he will never leave my sight. Now me and my husband is back together again and has started doing pleasant things he hasn't done before, he makes me happy and do what he is suppose to do as a man without nagging. Please if you need help of any kind, kindly contact Happy for help and you can reach him via email: happylovespell2@gmail.com

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  12. I had a problem with my girlfriend six months ago,which lead us apart. When she broke up with me,I was no longer myself,I fill so empty inside.And i dont know what to do,I feel my life has come to an end because she was my first love.I went for counselling and advice online and i saw so many good comment about a spell caster on how he help them to solve their relationship and marriage issues.I email the spell caster on the email which was provided in the comments (relationshipspell@gmail.com) and I explain my problem to him and I did what he asked me to briefly make the long story short, Before I knew what happened,after 48 hours,my girlfriend gave me a call and she came back to me and told me she was sorry about what happen and beg for forgiveness, I’m so grateful to these spell caster and i will not stop publishing his name on the internet just for the good work he did for me.If you need his help,you can email him at RELATIONSHIPSPELL@GMAIL.COM his website: http://relationshipspellhelp.webs.com I will forever be grateful to him.He is the perfect solution to relationship and marriage issues.

    ReplyDelete
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    ReplyDelete