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...Productivity-hype bubbles are usually separated by at least 25 years and usually form at the end of a secular bull market, when aggregate profits are coming under pressure, say Garthwaite et al....
...— Recent research by Gorton et . al about the form and role of banks as maturity transformers and creators of “private money” is very relevant to this discussion....
...In the US, I swap over to the World Service or NPR on my laptop as CNBC, Fox News and CNN’s domestic service no longer employ people with passports....
...What really happened at Northern Rock, Royal Bank of Scotland et al? This gives you a clearer idea....
...Charles Kreidl, Chicago, Illinois, US Alex Frankel: There is no doubt that loyalty and turnover are huge issues in the front-line retail environments where I worked (Starbucks, Gap, et al.) as well as across...
...Or note how T-Zero, an electronic post-trade processing group, is offering its trade checkout service through Bloomberg....
...He bought a stake in Citigroup in 1991 at a time when the US financial services group was struggling. His 4 per cent holding is now worth about $10bn....
...Group Inc....
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