Green line is VERY long term trend.
Blue line is trend since 1985.
Red line is post 95 trend (ish).
Now, are we going back to 1985 growth rates or long term ones?
This evening (7pm London) the Lehman 'assets' get auctioned. We will find out how much they are worth. The morons who sold insurance on Lehmans bonds will get taken to the cleaners. The main parties are JP Morgan, Goldmans, and Morgan Stanley. They gambled that Lehmans would be bailed by the govt just like Bear Stearns and AIG.
Hundreds and hundreds of Billions.
Panic Mr Mannering, PANIC!
WWW