Word: panic
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Dates: during 2000-2009
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...mortgages are contributing to forcing many European banks into bankruptcy. (We exported not only bad loans but also bad lending and regulatory practices; many of Europe's bad loans are to European borrowers.) And as market participants realized that the fire had spread from America to Europe, there was panic. Part of the concern is psychological. But part of it is because our financial and economic systems are closely intertwined. Banks all over the world lend and borrow from each other; they buy and sell complicated financial instruments - which is why bad regulatory practices in one country, leading...
What a difference a week makes. With their coordinated response to the international banking crisis, European governments - followed by the U.S. - appear to have calmed a worldwide market panic and eased fears of a devastating series of bank collapses. Investors from Tokyo to Tunis immediately sent stock prices shooting up again after a week of historic losses. But it's still far too early to celebrate. The measures need to prove their effectiveness by unfreezing lending. And there's still the huge challenge - no less urgent than fixing the banking system - of preventing an economic slump...
...Difference?, cites Psalm 46, a prayer listing a number of catastrophes but concluding, "Be still and know that I am God." Addressing God, Yancey says, allows us to "bring our fears to someone who seems quite positive that he's able to run the world. You can take the panic and anxiety and transfer that to him." That is the context, says Martin, for the famous prayer of the beatified mystic Julian of Norwich: "All will be well, all will be well, and all manner of things will be well...
...similar to the case of a serious illness in which a miracle cure may not be in the offing, but "doctors have observed that people who have hope are able to have a better quality of life and better outcome in their healing." Says Nevins: "If people stampede and panic and liquidate their assets, then we'll all be in worse shape. So maintaining some perspective that even in times of difficulty we're not alone, and that God is giving us encouragement and strength, has a real observable benefit socially...
...flawed premise - that thousands of companies are moved by the same forces, and those forces create a cohesive narrative. In recent days, that premise hasn't been quite as far-fetched. As credit markets seized and governments the world round rushed in to prop up financial institutions, investor panic - and, on Monday, euphoria - swept aside most other concerns about companies' fundamentals. "It was indiscriminate selling," says Art Hogan, chief market analyst at Jefferies & Co. of last week's market activity. "It didn't matter what your company did. It was everything for sale...