You can learn a lot about what‘s on people’s minds by knowing what information they are searching for on the Internet. So what are people all across the globe searching for in droves? “Bank run.”
The econ blog Zero Hedge explains why that’s potentially concerning:
The volume of searches for the phrase ‘Bank Run’ has just hit an all-time high – higher now than even during the peak of the Lehman Brothers ‘moment’. While English dominates the language choices, the Europeans (Dutch, Germans, and French) are extremely ‘interested’ as are the Chinese [...] . It seems the fears of real ‘bank runs’ are becoming virtually ‘viral’ – not a good sign for the stability of the fictional-reserve-banking-dependent status quo. [Emphasis theirs]
Here are some of the charts:
That’s a little disheartening. There’s not a direct correlation between search term and actual event. But the fact that so many people across the world are reading up on “bank run” is interesting at best and downright worrisome at worst.