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If We Are Racing to the Pre-Crisis Bubble, Here Are 12 Charts To Watch

A decade after the global crisis, strategists and investors explain how the relentless bull run may have more juice
Bloomberg business news
Sowing the Seeds of the 2007 Financial Crisis

By some accounts, it started 10 years ago to the day.

On Aug. 9 2007, a French bank froze three funds exposed to U.S. subprime mortgages, setting in motion a chain of events that would culminate in the collapse of the housing bubble, the bankruptcy of Lehman Brothers and a financial system teetering on the brink.

Others pin the beginning of the global financial crisis on earlier events. A little more than six weeks before BNP Paribas SA shuttered its funds, Bear Stearns extended $3.2 billion in secured loans to bail out one of its hedge funds, portending the ripple of credit writedowns to come. For others, troubles began brewing much earlier – when a global glut in savings and years of low interest rates forced investors to lever up and grab exotic securities in a quixotic quest for yield that would ultimately set off a spiral of financial losses.