Directions: In the following question, four statements are provided between an opening statement and a closing statement. The four statements are jumbled up and form a coherent paragraph when properly arranged. Select the alternative representing the proper and logical sequencing of these six taken together.
1 The only cheerful faces in the recent episode were those who had bet that Greenspan would do it once again. A. The appetite of the speculators was fed by the latest decision, they would expect more. B. It is indeed strange that the fate of a nations economy like the US is decided by a bunch of 100 or so speculative traders. C. The bond marketers who predicted this were upbeat although the stock market indices themselves went down. D. It is not as if there is an impersonal market who takes millions of decisions which is what one understands normally by market forces.
- These 100 or so traders form a judgment as to whether the Fed is taking an anti inflation stance tough enough to brake the economy.