Summary
IF I didn't know better it would be my guess that Bank of England governor Mervyn King had been taking speechwriting lessons from Alan Greenspan, the chairman of America's Federal Reserve.
The objective of Greenspan's public pronouncements is to be as elliptical as possible. Indeed, hordes of Wall Street experts earn their living as Fed watchers, interpreting the master's voice.See the full content of this document
Extract
Save Prudence, Says King
Amid the words there is one central message from King's first major speech of 2005, made to the CBI in Manchester. At a time when there are worries that the public finances are going awry the latest borrowing...
See the full content of this document
Sponsored links
