Hints and tips:
...If we are right that consumer spending, despite some recent softening on the margin, is still at or above trend, that is another thing for Powell et al to fret over....
...What really happened at Northern Rock, Royal Bank of Scotland et al? This gives you a clearer idea....
...But it may comfort Greenspan et al: after all, the more that traders use electronic systems, the less they need to use 19th century technologies, such as paper. So can we all relax? Not entirely....
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