The Goldilocks economy – and, for that matter, much of the global economy – has been brought crashing down by a lethal combination of three G’s: •  First, Glass-Steagall – which abolished the distinction between retail banking and investment banking.
•  Second, Greenspan – who would not recognise a bubble if it was staring at him in the face, to say nothing about not doing anything about it until the bubble had actually burst. •  Third, Greed – sheer, naked, money-grubbing greed that seized savers, investors, bankers, brokers, advisers, indeed everybody involved in finance. These upheavals have created a very uncertain world.