A decade on, Great Recession's ghost still haunting markets

Singapore

A DECADE after Lehman Brothers' 2008 bankruptcy, the fallout from the Great Recession continues to threaten today's financial markets.

Inflated asset prices, excessive borrowing and the threat of the unknown as central banks unwind their crisis-era policies are among the biggest concerns that analysts and fund managers shared with The Business Times.

Nikko Asset Management senior portfolio manager Robert Samson said: "Just as asset purchases over the last decade were unprecedented and largely experimental, so will be the experience of winding down these programmes."

The 2008 global financial crisis led major central banks around the world to adopt extremely accommodative stances, with almost-zero interest …