Financial Times (September 13)
2010/ 09/ 15 by jd in Global News
Two years ago Lehman Brothers collapsed on 9/15. Nine years ago the World Trade Center collapsed on 9/11. Which was the bigger event? 9/11 reinforced the old world order with the U.S. taking the lead. But after 9/15, the U.S. was no longer in front. Lehman called the U.S. financial model into question. 9/15 also highlighted the rise of China and other emerging economies, which bounced back from the shock much faster than developed economies.
