The tenth anniversary of the fall of the House of Lehman is approaching.
While the nationwide housing market bubble was deflating along with the economy before Lehman’s collapse, the implosion of the storied investment bank sent the global credit markets spiraling.
Ten years on, for many American households and businesses, the economic worries of those days have faded in the rear-view mirror. The stock market is on an unprecedented bull run.
The unemployment rate is under 4 percent. Business confidence is high. The current expansion is the nation’s second-longest since the National Bureau of Economic Research has been keeping records.