Debt-Limit Disaster Is Exponentially Worse Than 2008 Lehman Debacle

Debt Disaster

The tsunami of value destruction unleashed by blowing through the debt limit would dwarf the Lehman Brothers implosion, says Daniel Gross.

Published Oct. 8 2013 5:45AM EDT

articles/2013/10/08/debt-limit-disaster-is-exponentially-worse-than-2008-lehman-debacle/131007-gross-debt-tease_e4iazh — Pascal Preti/Getty

Generals always fight the last war. And financial analysts always analyze the last crisis. So with the rapid approach of the October 17 debt-limit deadline, it’s no surprise the Excel-and-Powerpoint set are dusting off their histories of the Lehman

Daniel Gross

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Debt-Limit Disaster Is Exponentially Worse Than 2008 Lehman Debacle

The tsunami of value destruction unleashed by blowing through the debt limit would dwarf the Lehman Brothers implosion, says Daniel Gross.

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Daniel Gross