In Lehman’s Terms - A High Level Review of Causes and Consequences of Financial Crises and Events from the 1980S to 2022 and the Resulting Legacy Implications Today

In recent weeks and months, a number of market commentators have drawn comparisons between the prevailing economic landscape and previous financial crises, episodes and events. These have ranged from talk of a new ‘Volcker Shock’ to a repeat of the 1987 stockmarket crash, the dot.com burst at the turn of the millennium, and the Global Financial Crisis, often epitomised by the failure of Lehman Brothers. This paper attempts to identify, from a high-level overview, the causal factors behind the major economic and capital market episodes of the 1980s, 1990s and the twenty-first century this far and to identify the significance of any legacy signals from these prior events in the prevailing economic and market landscape today