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A comment on Denmark's Jyske Bank lowers its negative rates on deposits. Parent comment
You are technically correct. Maybe I should have used the word recession instead.
What I mean is that a lot (most?) of the damage in a crisis is actuallly done by big masses of people reacting to it rather than the crisis itself.
Think about bank runs, widespread stock shorting and selling, people not investing because of uncertainty, lenders abruptly calling their loans, etc.
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You are technically correct. Maybe I should have used the word recession instead.
What I mean is that a lot (most?) of the damage in a crisis is actuallly done by big masses of people reacting to it rather than the crisis itself.
Think about bank runs, widespread stock shorting and selling, people not investing because of uncertainty, lenders abruptly calling their loans, etc.