BIS Review 62/2006  1  The story of John Law: A second story The story about John Law, as told by Professor J.K. Galbraith 1 runs thus: Law, a Scotsman, arrived in France in 1716, in flight from a murder charge in England where he had been unduly successful in a duel.
Since some favorable data such as durable goods orders were released in September, I have been maintaining the view that the U.S. economy has been recovering moderately. However, compared with this spring, the possibility of prolonged low growth has increased.