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Catchword for “flight to cash”
Catchword: flight to cash
Filed Under: , , ,
Part of Speech: n.
The part of speech reflects that used in the full entry, and not necessarily the part of speech as it is used in the quotation below.
Quotation: But there were persistent rumors in 1974 that the banking system was in danger, Mr. Richardson said. Without the boost of confidence from the Lifeboat, those rumors might have become self-fulfilling, and if one major bank had collapsed, I do not know where we would have stopped. At the time, stock market and property values were collapsing after a long upsurge begun in the 1960s, touching off a flight into cash.
Article or Document Title:
“British financial crisis averted by ‘lifeboat’”
Article, Document, Publication, Web Site:
Globe and Mail
Publishing Location:
Toronto, Canada
Dateline:
London, United Kingdom
Date of Publication:
January 20, 1978
This cite belongs to a full entry for flight to cash.
Posted 13 Aug 07 | Permalink | Tell a Friend

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