Is the failure of Lehman Brothers and Merrill Lynch the Bottom?
Robert Bruner, the dean of the business school at UVA, says the odds are 50-50 in a story just posted on the NY Times website.
“What we have seen in all previous crises is that the bottom is marked by the collapse or rescue of major institutions that were thought to be beyond the reach of the crisis.
“If this crises follows that, the events of the past 10 days may mark the nadir.”
