C*ck ups by clever clogs in high places which I’ve noticed in the last 48 hours.

1. Bank of England has no idea what happened to QE money according to this source.

2. One of the central ideas in this articleby the governor of the French central bank, Christian Noyer, in the Wall Street Journal is that “structural reform” will do wonders for the Euro economy. Trouble is he doesn’t tell us what “structural reform” actually consists of.

Please, please, M.Noyer: let’s have the details. We’re all ears.

3. Paul Flowers, the drug and porn addicted head of the Co-op bank in the UK when asked what the total assets of his bank were, answered £3bn, when the real figure was in fact £47bn.