4 ms·
I think you're probably right, but "Low level of contagion" sounds exactly like what we heard in 2007.
by bink 4y ago
I think you're probably right, but "Low level of contagion" sounds exactly like what we heard in 2007.
- deleted 4y ago[deleted]
- berkle4455 4y agoInflation is just transitory don't worry
- boringg 4y agoLehman brothers had over 640 B$ in assets. Not even remotely comparable.
- celestialcheese 4y agoSVB has ~$200b before today. 30% of Lehman, but not nothing.
- heartbreak 4y agoAdjust it for 2007 dollars.
- loeg 4y ago$1 in 2007 is about $1.40 today. (If Lehman had $640B in 2007 dollars, that would be ~$900B in 2023 dollars.)
- sanderjd 4y agoI don't remember hearing that in 2007. Pretty much the first thing I heard about the financial crisis was that there was gigantic contagion risk throughout the financial system.
- bink 4y agoMaybe not that exact phrase but it does conjure to mind the video of Cramer saying Bear Stearns was fine. https://www.youtube.com/watch?v=gUkbdjetlY8 https://www.youtube.com/watch?v=gUkbdjetlY8
- sanderjd 4y agoAh fair enough. Yeah Cramer was wrong about everything in the period and very mainstream. Point taken.
- zamnos 4y agoAh yes. Cramer, the man who's right about the market so much that there's an ETF that just does the opposite of what he says. https://www.thestreet.com/etffocus/blog/inverse-cramer-etf-is-live https://www.thestreet.com/etffocus/blog/inverse-cramer-etf-i...