The Christian Science Monitor

Ten years later: Are we readier to counter a Lehman-style crash?

A decade ago, with America’s housing market crashing and credit markets in disarray, economists and leaders at the Federal Reserve predicted the US economy would keep growing.

When, instead, the United States plunged into its worst recession in seven decades, it caused not only a crisis in banking and housing, but also added to widening distrust in experts and forced economists to take a good long look in the mirror.

The result, 10 years after a mid-September Monday when the collapse of the investment firm Lehman Brothers roiled world markets: a profession

Seeing the forest instead of treesSafer, but not fool-proofMail the money

You're reading a preview, sign up to read more.

More from The Christian Science Monitor

The Christian Science Monitor5 min readTech
Reporting In Mexico Isn’t Easy. Under AMLO, It May Get Harder.
President Andrés Manuel López Obrador’s daily press conferences give journalists unprecedented access, but are also a platform to discredit media.
The Christian Science Monitor4 min read
Why It’s OK To Watch Cat Videos
Cat video celebrities like Grumpy Cat, Lil Bub, and Henri represent an oasis of purity and happiness in a complicated media landscape.
The Christian Science Monitor4 min read
European Elections: In Leipzig, A Microcosm Of Germany’s Political Scene
The city of Leipzig is a crucible for liberal European values, but the populist AfD is expected to challenge here in EU parliamentary elections.