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Re: highwaymap post# 95395

Monday, 09/20/2021 2:20:22 PM

Monday, September 20, 2021 2:20:22 PM

Post# of 111141
"I look at the magnitude and scale of what is a Lehman Moment. "

A magnitude of Lehman itself does not define. Scale is relative.

Lehman Moment

Lehman Brothers was a financial firm that collapsed quickly in 2008; its September 2008 bankruptcy filing created a world financial panic. The term “Lehman moment” (or “Lehman Brothers moment"), meaning a time of financial disaster, has been cited in print since at least December 15, 2008. In 2011, the financially troubled nation of Greece was said to have faced a “Lehman moment.”



https://www.barrypopik.com/index.php/new_york_city/entry/lehman_moment

Obviously Greece was not on the scale of the US, but a financial disaster none the less.



Joe Stocks