"Would look elsewhere? Not necessarily so. These hundreds of thousands of investors will still be considering the risks associated with 'elsewhere' investments vs banks when the economic climate deteriorates".
Yes, that's a fair comment, misty. The volatility of the 'elsewhere' stocks could well render them more risky.
If there were another event like the GFC, I'd be doing as I did last time and going completely to cash, regardless of the rate.
