Global insolvency / bankruptcy
The term “credit crunch” misleadingly suggests that the problem is merely one of confidence, that calm will return if liquidity is introduced to the system—when, in reality, the real issue is one of solvency and systemic bankruptcy.
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The Global Financial Crisis »The Global Financial Crisis
Potential consequences of the financial crisis? »Potential consequences of the financial crisis?
Global insolvency / bankruptcy
Sudden evaporation of market confidence/trust »Sudden evaporation of market confidence/trust
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