Lehman Act II is coming?

Discussion in 'Economics' started by turkeyneck, Sep 16, 2011.

  1. turkeyneck

    turkeyneck

    NEW YORK (MarketWatch) — Three years ago, the House of Lehman collapsed like a house of cards. And if you thought the original was scary, just wait until Lehman II comes to a theater near you — in IMAX 3D with digital surround sound.

    That’s the view of sober-minded Canadian strategist and money manager John Stephenson, senior vice president of First Asset Management in Toronto.

    He predicts a new, Lehman-like financial crisis in the next six to 12 months, only this time involving the debt of governments and European banks.

    http://www.marketwatch.com/story/le...-is-coming-soon-2011-09-16?link=home_carousel
     
    #1     Sep 16, 2011
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  2. Eight

    Eight

    Well Duhhhh!!

    Bigger Gov = smaller private sector =less income for Big Gov.. We knew this decades ago. Why it had to play itself out?
     
    #2     Sep 16, 2011
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