投資銀行業(yè)的巨頭雷曼兄弟在九年前的今天（9月18日）宣布破產(chǎn)，也開啟了一個每分鐘有六間房屋取消贖買權(quán)的時代。自此以后，全世界的消費者在流媒體和電子游戲上花費了相當(dāng)多的時間和金錢。

這些花費足夠巨大，乃至投資者發(fā)現(xiàn)在后金融危機(jī)時代，這些領(lǐng)域有著巨大的增長潛力。芯片制造商英偉達(dá)因此成為了雷曼申請破產(chǎn)后表現(xiàn)最佳的公司之一，而流媒體服務(wù)公司奈飛漲勢強勁，一舉奪魁。

從雷曼兄弟申請破產(chǎn)至今，標(biāo)準(zhǔn)普爾500指數(shù)上漲了大約109%，但英偉達(dá)的股價猛漲了1,750%，奈飛公司的股價則飆升了4,468%。當(dāng)時在股市投資的1美元，如今已經(jīng)價值翻倍還多，而投資英偉達(dá)的1美元已經(jīng)變成了19美元，而如果用來投資奈飛，則會變成46美元。

2008年9月15日，在美國財政部長漢克·保爾森告訴雷曼兄弟不要指望救助后，這家當(dāng)時的華爾街巨頭申請了破產(chǎn)，成為了美國史上最大的破產(chǎn)案。那時，公司投身于按揭證券之中，這種復(fù)雜的債務(wù)組合往往會給銀行帶來更高的利潤，然而也常常包含不良貸款。隨著房價開始暴跌，許多人無法為自己的房屋還貸，最終導(dǎo)致了貸款拖欠。

2008年，美國的失業(yè)率一度達(dá)到10%，股市千瘡百孔。

九年后的今天，道瓊斯指數(shù)和標(biāo)普500指數(shù)都在創(chuàng)造新高，其原因部分在于可能出現(xiàn)的減稅，以及技術(shù)的發(fā)展。盡管在雷曼破產(chǎn)之前的九年，領(lǐng)跑標(biāo)普500指數(shù)的是農(nóng)用化學(xué)和礦業(yè)公司，但這之后的九年里，接過大旗的是奈飛和英偉達(dá)等互聯(lián)網(wǎng)和科技公司。（財富中文網(wǎng)）

譯者：嚴(yán)匡正

Since investment banking giant Lehman Brothers fell nine years ago this day, signaling the start of a time when six homes were foreclosed on every minute, global consumers have been spending a lot of time on Netflix and a nice bit of cash on video games.

They've spent enough that investors saw outsized potential for those areas to grow in a post-financial crisis world. That helped make chip-maker Nvidia one of the best performers since Lehman filed for bankruptcy, and crowning streaming service Netflix as king.

While the S&P 500 rose roughly 109% between the time Lehman filed for bankruptcy in August and Thursday, shares of Nvidia have risen 1,750% while Netflix has jumped 4,468%. While $1 invested in the wider stock market would've been worth about 2 times more today, $1 in Nvidia would have become $19, while that same $1 would've be $46 had it been placed on Netflix.

Lehman Brothers, then a Wall Street powerhouse, filed for the largest bankruptcy in U.S. history September 15, 2008, after the government led by Treasury Secretary Hank Paulson told Lehman not to expect a bailout. That came after the company had jumped into mortgage-backed securities, a complex package of debts that often meant higher margins for banks, yet often included poor quality loans. But when housing prices fell, many were unable to refinance their homes, leading to delinquencies.

At one point in 2008, the unemployment rate spiked to 10%, while the stock markets cratered.

Yet nine years down the road, the Dow and S&P 500 are setting new highs partly in anticipation of tax cuts, but also thanks to developments in technology. While agricultural chemical and mining companies led the S&P 500 in the nine years leading up to the Lehman's bankruptcy, it's been the internet and tech companies such as Netflix and Nvidia that have led the charge this time around.