Housing Crisis 2008
Lehman Brothers filed for bankruptcy on September 15, 2008 โ the largest bankruptcy in US history. The collapse triggered a global financial crisis, freezing credit markets and pushing the world to the brink of systemic failure.
Was This Written in the Numbers?
A Universal Year 1 initiates new cycles. Events in a 1 year often mark sharp new beginnings โ the start of something that will define the next nine-year cycle. The crash or disruption carries seeds of a new era.
What the Numbers Said
Governments worldwide injected over $700 billion in bailouts. The S&P 500 lost 57% from peak to trough. New banking regulations โ Dodd-Frank โ were enacted. The Fed held rates near zero until 2015.
Risk hidden inside complex financial instruments is still risk. When leverage unwinds in interconnected systems, no institution is too big to fail โ only too big for governments to let fail.