Why Stock Crash Won't Hurt German Economy
Lemmings are cute and not especially intelligent. They hurl themselves off cliffs without thinking. One of them jumps, the rest of them follow, all die. So far no has died in the world's stock markets over the past few days. But investors have been acting like lemmings. One sells, the others follow suit. On Monday alone, that wiped €63 billion ($91 billion) off the value of Germany's top 30 companies. On one single day. Since then everyone has been calling this a crisis.
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