John Bates of Progress Software ([[PRGS] -1.5%) pushes the idea of a "splash crash," i.e. a...

|By:, SA News Editor

John Bates of Progress Software ([[PRGS] -1.5%) pushes the idea of a "splash crash," i.e. a flash crash spread across all asset classes. With 15% of the U.S. economy based on financial services, "you almost need something like a Norad" for markets. Or perhaps an economy based less on moving money around?