Shock. Lehman shock.

November 25, 2014 3 Comments Chad Nilep In the news, Words , , , ,

Japanese media use the label “Lehman shock” to refer to the 2008 financial crisis and subsequent shocks. The phrase “financial crisis” occurred frequently in 2008 but has dropped ever since. “Lehman shock” endures, even though Lehman Brothers was neither the first nor the largest institution to fall.