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And panics can lead to long, deep economic downturns, which is why the Fed has been taking unprecedented actions to restore confidence.
As Silicon Valley gets bigger, with more strangers, it actually becomes harder to reach the power structure that can make your startup go from a business plan to reality (this is why I've written that periodic downturns, which weed out some of the fluffier parts of the startup scene, are such a good thing in our community).
This is consistent with the pattern seen during previous economic downturns, which is why the Medicare actuaries continue to point to larger economic factors as the main cause for the slowdown in health care expenditure growth in recent years.
Many countries around the globe are currently in the midst of economic downturns, which are anticipated to grow into a global recession [ 5].
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The latest downturn, which began in early August, has been much more modest.
French property has managed to retain its allure despite the global downturn, which started in 2008.
The prolonged downturn, which has not spared law firms, also must play a role.
"We are feeling the impact of the sustained economic downturn, which has resulted in competitive pressure".
The shipping downturn, which began in 2008, has already driven several large fleet operators into bankruptcy.
"Another was how we talked about what could happen in a downturn, which has also hurt us".
That is more likely to happen during an economic downturn, which might well coincide with low share valuations.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com