But Hollywood's studios now realise they can't pin the future of their precious video sales (today one of their main sources of revenue) on a game console that has failed to ignite widespread interest outside a dedicated circle of hard-core gamers.

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Rising inflation and interest rates feed the distrust, potentially producing a vicious circle of accelerating inflation and interest rates.

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Over the past 25 years, the authorities have had a tried-and-trusted method for bringing a halt to this vicious circle: cutting interest rates.

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