Ireland is just slightly larger than the state of North Carolina, but its financial collapse could trigger financial flight from Portugal and Spain, Eichengreen warned, with ripples felt widely.
And two American officials recalled the general making a formal request for American assistance for the military's helicopter unit, and then backing out of the arrangement when the United States asked to look at the books — including the unit's financial, flight and fuel records.
"They were elated!" Bihar's high crime rates were often held responsible for the state's poor economic performance in the past, and particularly for the lack of a robust private sector, thanks to low external investment levels and human and financial capital flight.
(See "Markets Soar As Financials Take Flight").
However, due to continued financial and flight-testing problems, Platt-Lepage proved incapable of meeting this schedule.
In the financial sector, capital flight continues and Greek bank deposits have slumped to a decade low.
By asking "Is there some way we could apply that solution to a different industry?" Musk has founded companies that span the financial services, space flight, and transportation industries.
The failure of the second largest bank, major financial losses, capital flight, and the end of the country's biggest export industry all suggest that a collapse in GDP is in the cards, on the order of 10% to 20%: truly Depression-like, and similar to the fall in Greece.
Less herding is a good thing: when investors follow the crowd, they amplify the economic cycle, driving output and asset prices higher in booms and lower in slumps.Also, in the event of a financial crisis, capital flight seems to be less of a problem in countries with better transparency.
"And this is not taking into account the likely effects coming from capital flight, financial instability and the introduction of a new currency". Indeed, that's one reason why Credit Suisse thinks the calls for independence are more of a bargaining ploy by Catalonia's government than a serious possibility.
I have lived through the breakdown of law and order, the crack epidemic, suburban flight, financial meltdowns (several), blackouts, riots, gentrification, and real estate booms and busts (several), all of which have seemed to threaten New York's way of life.
