Nomura better get its high-powered hot shot analysts in gear and learn that the 2008 collapse, like the 2002 one in Silicon Valley was entirely caused by outsourcing to India Incs.
Just ask Azim Premji’s looter shop Wipro.
https://www.business-standard.com/article/companies/lehman-snaps-deal-with-wipro-103121701023_1.html
https://www.zerohedge.com/news/2019-08-06/nomura-we-are-headed-second-lehman-shock-selloff