Most stockmarkets are much smaller in relation to GDP than in developed economies, so the wealth effects of a crash would be modest.
He confessed afterwards that he was feeling the after-effects of a crash on Friday, revealing that he "was in a lot of pain, my thighs were blocked", and adding on Twitter, "that crash took its toll on me".
acknowledged that the Russian bailout was a failure, but said that it was a legitimate risk given the potential global effects of a crash of the country's currency.
The British economy, which is heavily reliant on financial services, is still recovering from the after-effects of a crash that required expensive bank bailouts and led to a credit crunch.
Dubbed iSAVE (sigh…), the airbags deflate rapidly upon impact, just like conventional airbags, to soften the effects of a crash for pedestrians.
British rider Cal Crutchlow is looking forward to this weekend's British MotoGP despite still feeling the effects of a crash in testing.
Millennials who finally found the capital to enter the market will almost immediately suffer the effects of a crash.
Moreover, financial assets now account for a larger share of household wealth, making the wealth effect of a stockmarket crash potentially much larger.
"It was equal to the effect of a car crash," said Boris Vozrozhdenny, one of the doctors on the case, according to unsealed documents looked at by the Times.
The ripple effects of a Wic crash spread outward quickly.
