Walter Bagehot's dictum needed updating when the crisis of confidence affected entire markets rather than single banks.
And this happened before the debt market crisis of confidence that began hammering Spanish economy again during 2Q12.
FORBES: Coming Attractions - Telefonica Is a Dark Mirror of Europe
In the face of a justified crisis of confidence in capitalism, we must rebuild trust and faith in the system.
On a more intellectual level, Benedict the theologian has long displayed an acute analysis of Western civilisation's crisis of confidence.
BBC: Pope Benedict XVI will step down at the end of the month
"There is a real crisis of confidence, " John Guy, a London-based luxury goods analyst at brokerage MF Global Securities, said.
Grim news on the state of the world's economies sent a crisis of confidence rippling through markets around the globe Friday.
To read the world press and hear the ministerial mutterings at official summits, you'd sense a crisis of confidence about globalization.
"It's really just a crisis of confidence and panic selling, " Rueckert said.
As the crisis of confidence spread, more banks failed, and then more.
Banks may suffer from a crisis of confidence in emerging markets, too.
ECONOMIST: Meltdown may have been averted. But the crunch is not over
But he alone created the crisis of confidence, as only he could.
Yet there is a crisis of confidence, an uncertainty and a lack of optimism in our society which I believe should trouble us.
CENTERFORSECURITYPOLICY: From fashion to fortitude: the road to resilience
"In Japan, the key risk is that the unsustainable fiscal position will eventually affect financial markets and provoke a crisis of confidence, " the report said.
This crisis of confidence seems to have infected the Kerry campaign.
That would undoubtedly spark a crisis of confidence among the applicants.
From the start, this meltdown has reflected a crisis of confidence.
The Club Med economies simply cannot handle another crisis of confidence.
FORBES: Odd Cyprus Message: Levy Was an Absolute Necessity and It Will Never Be Repeated
Looking for something on the crisis of confidence in credit ratings?
ECONOMIST: An enjoyable but incomplete look at Mammon's ups and downs
The economists conclude that this effect can operate in some conditions, especially when high fiscal deficits are already causing a crisis of confidence, as in Greece.
BBC: Restraint or stimulus? Markets and governments swap roles
The government will always protect Citicorp and other behemoth banks with federally-insured deposits, where failure could trigger a crisis of confidence and other problems for the economy.
But in truth Mr. Carter's presidency had failed 17 months earlier on July 15, 1979, the night he delivered his "Crisis of Confidence" address to the American people.
Next year is likely to be a time of ongoing financial difficulty as the world seeks to steady the current crisis of confidence in the banking and credit sector.
He warned that the series of events had led to "a profound crisis of confidence amongst school and college leaders, teachers, parents and students in our current examinations system".
Deteriorating financial market and global economic conditions have fueled a host of questions, from what caused the crisis of confidence to how we can fix it and learn from it.
On Jan. 27, 2010, American confidence is in the pits and President Barack Obama gave his own crisis of confidence speech, otherwise known as the State of the Union address.
At the time that the ECB launched the loan program, many European banks were locked out of normal funding markets because of a crisis of confidence sweeping the euro zone.
Mr McConnell said he couldn't comment on this individual case, but generally there was a "crisis of confidence" in the courts so long as sentences like this were handed down.
This means that Obama remains convinced that the US is indeed to blame for the supposed crisis of confidence that the Islamic world suffers from in its dealings with America.
应用推荐