Markets

Lehman: Where Do We Stand 3 Years On?

Various market performance charts

Today is the third anniversary of the Lehman bankruptcy.

Here are some charts from SocGen's Philippe Meyer, Carole Laulhere, and Kenneth Broux highlighting how painful the Lehman collapse and 2008/09 recession have been.

1. S&P and US 10Y yields are still below pre-Lehman levels:

2. PMI is in the doldrums and corporate profits are at risk:

3. Massive monetary policy injections:

4. Huge deterioration in structurals:

5. Still sluggish domestic demand:

Conclusion: We had a U.S. downgrade this summer, the U.S. authorities (President Obama and Fed) are about to embark on further stimulus as the U.S. economy threatens to post a marked slowdown, and U.S. yields are at record level... three years on, things are not looking brighter.

See also 3 Dividend Stocks You've Likely Never Heard Of on seekingalpha.com

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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