IT WAS AN inauspicious start to the week of October 6: Hank Paulson had finally got his Troubled Assets Relief Program and yet there was no relief to the sell-off in stocks – far from it. US stocks sold off the previous Friday despite Congress finally agreeing to contribute to the administration’s $700 billion begging bowl. Could it be that the bowl was not big enough?
Waking in the wee hours in New York – as is the way for the traveller from London – the early morning news programmes were fevered in tone.
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