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Prices of assets coming down means margin debt gets called, and investment loans secured by, for example, shares as collateral, leading to defaults and ultimate
by charlesdm 8y ago
Prices of assets coming down means margin debt gets called, and investment loans secured by, for example, shares as collateral, leading to defaults and ultimately to bankruptcy of companies with sizeable amounts of debt on its balance sheets.
Now, the argument might be that it's their own fault, but that will likely leads to tens of thousands of jobs lost. And we're not talking tech jobs.