Clearly, there are more ways to get into a depression than just cascading bank failures.
FORBES: Cyprus Bailout: Welcome To Another Great Depression
And cascading bank failures are exactly the thing that will tumble us into a new depression.
Which will, inevitably, lead to cascading bank failures.
But the tipping of that recession into depression was a result of the cascading series of bank failures in the absence of deposit insurance: that led to the calamitous shrinking of credit and the money supply.
应用推荐
模块上移
模块下移
不移动