Is The World Facing A "Lehman Style Crisis" This Week?

Zero Hedge: Pozsar Warns Of Another "Lehman Weekend" As Russia Sanctions May Trigger Central Bank Liquidity Flood 

In a remarkable show of force and unity, western powers cast aside all their previous concerns about Russian energy export dominance, and uniliaterally announced the nuclear option of imposing sanctions on the Russian central bank coupled with targeted exclusions from SWIFT of key Russian banks. 

*EU APPROVES BANNING ALL TRANSACTIONS WITH RUSSIAN CENTRAL BANK 

The move has sparked a bank run in Russia, as locals scramble to pull out whatever hard currency they can get their hands on before it runs out, and is certain to trigger chaotic moves in FX and commodities when markets reopen on Monday. Already some Russian banks are offering to exchange rubles for dollars at a rate of 171 rubles per dollar on Sunday, compared to the official closing price of 83 on Friday before the European/US announcement about targeting the Russian central bank. In other words we are looking at a 50%+ devaluation of the Ruble. Additionally, widespread announcements of divestments in Russian equities by the likes of BP pls and the Norwegian sovereign wealth fund mean that the Russian market will be a bloodbath on Monday.  

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WNU Editor: Russia is definitely going to experience a 'Lehman moment' this week. Which is incredible in view of the fact that Russia has no government debt, huge trade surpluses, massive gold reserves, and hundreds of billions in foreign currencies. 

As for everyone else. 

I do not see a 'Lehman' moment. And while the everything bubble that the world has been living through for the past decade will continue, be warned that all good things will one day end.