If the mass exceeded a certain threshold, then the relentless attractive force of gravity would pull the galaxies back together, ultimately reversing the expansion and causing everything to implode in a catastrophic big crunch.
ATHENS/BRUSSELS, May 5 (Reuters) - Greece blew hot and cold with its euro zone partners on Tuesday as it struggled to avert a potentially catastrophic funding crunch this month, when it must make a big debt repayment to the IMF as cash reserves dry up.
It'd be a catastrophic sort of crunch.
In the run up to the credit crunch, they failed society via catastrophic failure of risk assessment in their proprietary trading businesses.
Banks that have lent money to Greece would suffer catastrophic losses with the risk of another credit crunch.
Now, in the run up to the climate-and energy-crunches, they are failing society via catastrophic failure of risk assessment in their advisory businesses.
The Goldman downgrades should come as little surprise, given the catastrophic losses the industry has seen thanks to the credit crunch, but they were enough to spark investors to dump financial shares on a day of relatively modest volume.
There has not, as yet, been the sharp rise in loan delinquencies that was seen in subprime mortgages.The credit crunch has undoubtedly had an effect on confidence but so far it has not been catastrophic.
Currently, the world is heading for a catastrophic 5C of warming and the deadline to seal a global climate deal comes in December at a crunch UN summit in Paris.
The catastrophic economic collapse of Iceland has in international news stories been described as simply another, inevitable casualty of the credit crunch.
Dick Fuld, Lehman Brothers chief executive The credit crunch had been rumbling on for more than a year but Lehman Brothers' collapse in September was to have a catastrophic impact on confidence.
