It's Friday and whilst not the 13th, it ends the week that marked the 13th anniversary of Lehman Brothers collapsing and cementing the contagion of what would become the GFC, one of the worst financial crashes in history. So over leveraged was the system that it’s all it took for the whole house of cards to come down. Coincidentally this week also saw China’s largest property developer, $300 billion Evergrande, technically default as well as the Institute of International Finance (IIF) releasing its latest global debt figures headlining another record high. We discuss the implications.
