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The Bank of England is failing this country
With the Queen in Ireland, Benjamin Netanyahu in Washington and Dominique Strauss-Kahn in jail, news editors were spoilt for choice last week. As a result, a telling event in global markets – China's emergence as the world's biggest buyer of gold bars and coins – was barely reported. I'm not complaining. When the International Monetary Fund's managing director is "perp walked" into a New York courthouse and charged with attempted rape, just about all other finance-related stories crash in value.