MarketWatch: Lehman Brothers II crisis is coming soon

[marmar]

By Howard Gold


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.

He thinks it could drive stocks much lower, to levels at which they traded, well, just after the collapse of Lehman and AIG in fall 2008. ..........(more)

The complete piece is at: http://www.marketwatch.com/story/lehman-brothers-ii-crisis-is-coming-soon-2011-09-16?link=home_carousel

[dkf]

1. Great.

[gordianot]

2. The first crisis never stopped more of the same. n/t

[truedelphi]

3. That is it in a nutshell. n/t

[tama]

7. The IT bubble

never deflated, was just inflated with real estate bubble. And you can dig the roots to the birth of civilization and further.

[midnight]

4. K&R

[nadinbrzezinski]

5. Sovereign debt collapse

oh great! That is the translation... (and no, given where LIBOR rates are now ... I am not gonna be surprised)

[99th_Monkey]

6. Perfect Storm: Lehman2 + tens of thousands occuping/camping out on Wall St. ~nt