The story
In the finance sense described by Andrew Haldane and Piergiorgio Alessandri in 2009.
Etymology from Wiktionary, CC BY-SA 4.0.
Today it means: A death spiral or adverse feedback loop. Full definition →
In the finance sense described by Andrew Haldane and Piergiorgio Alessandri in 2009.
Etymology from Wiktionary, CC BY-SA 4.0.