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Mr. Paulson said the crisis, which began in a weak sector, spread to stronger sectors because of the "unstructured nature of capital markets," the "dramatic increase" in private pools of capital beyond the reach of regulators, and the complexity of the derivatives and other products they invest in or trade.
The consumer staple sector has been one of the stronger sectors in this weak market.
Refined petrol and chemicals were among the stronger sectors of the Scottish economy, according to the latest manufactured export figures.
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It has proposed concentrating spending on four overarching themes: vibrant communities; addressing disadvantage; working together and a stronger sector.
"There aren't any strong sectors now".
And, historically, those have been New York's strongest sectors".
Hospitality and food, leisure, professional business services, financial activities and healthcare were the strongest sectors.
Especially strong sectors include business consulting, technology, life sciences, health care and higher education.
"Now we can say there are two really strong sectors in London".
Among the strongest sectors were professional and business services, like accounting and legal work, he said.
Housing and building materials, among the strongest sectors last year, were big winners for the Invesco fund.
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