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10 years of Lehman: Is the next global financial crisis already brewing?

Remember, it was barely a year ago that Argentina launched a 100-year bond too much fanfare


As financial market participants reflect on the 10th anniversary of Lehman Brothers' collapse, the consensus is there will be no repeat of the near-death experience, largely because authorities simply will not allow it. The once-in-a-generation financial meltdown and economic catastrophe were so grave that, to borrow from ECB chief Mario Draghi, they will do whatever it takes to make sure it does not happen again. Painful lessons have been learned. But the idea that a financial crisis on the scale of a decade ago could not happen again is far-fetched, and not a little ...

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First Published: Wed, September 12 2018. 09:19 IST