Financial Earthquake 8.0

Consider this: Lehman Brothers, the New York investment bank that just went bankrupt, survived the Civil War, the railroad bankruptcies, the Panics, WWI, the Great Depression, WWII, and the Cold War. But it couldn’t survive the biggest financial boom in Wall Street history and went belly up. That shows you what the American (and actually global) economy is now up against. It does not inspire confidence.