📄️ What causes recessions?
Understand the root causes of recessions: credit cycles, demand shocks, supply disruptions, and policy errors. Learn what triggers downturns.
📄️ The 1929 crash and the Great Depression
Understand the 1929 stock market crash and the Great Depression: causes, mechanisms, policy failures, and lessons. The worst economic downturn of the 20th century.
📄️ The 1973-75 stagflation recession
Understand stagflation: how the 1973 oil embargo created simultaneous inflation and unemployment. Economics meets geopolitics.
📄️ The 1981 Volcker recession
Understand how Paul Volcker's severe monetary contraction broke stagflation but at the cost of the deepest recession since the Depression.
📄️ The 1990-91 recession explained
Understand the 1990-91 recession: what triggered it, why it was brief, and how it set the stage for the 1990s boom.
📄️ The 2001 dot-com recession explained
Understand the 2001 dot-com recession: the tech bubble, the stock crash, and why the economy recovered despite massive wealth destruction.
📄️ The 2008 Great Recession
Understand the 2008 Great Recession: housing collapse, bank failures, and systemic collapse. The lessons that shaped modern financial regulation.
📄️ The 2020 COVID recession
Understand the 2020 COVID recession: the sharpest economic contraction on record, caused by a global pandemic shutdown. How policy prevented economic collapse.
📄️ The eurozone debt crisis
Understand the eurozone debt crisis: how peripheral nations accumulated unsustainable debt, and how currency union mechanics created contagion across Europe.
📄️ Japan's lost decades
Understand Japan's lost decades: how a asset bubble burst, leading to 20+ years of stagnation. Lessons on deflation and long-term economic decline.
📄️ The 1997 Asian financial crisis
Understand the 1997 Asian financial crisis: how fast-growing emerging markets were devastated by currency collapses, bank runs, and international contagion.
📄️ The 1994 Mexican peso crisis
Understand the 1994 Mexican peso crisis: how a fixed exchange rate and capital inflows created an unsustainable bubble. The first modern emerging-market crisis.
📄️ The 1998 Russian financial crisis
Examine the 1998 Russian financial crisis: how debt defaults, currency collapse, and contagion effects devastated an economy and shook global markets worldwide.
📄️ Patterns in emerging market crises
Understand the recurring patterns in emerging market crises: how excessive borrowing, currency pegs, and sudden capital flight trigger regional contagion worldwide.
📄️ The pattern of banking crises
Explore the recurring pattern of banking crises: credit booms, asset bubbles, overleveraged institutions, and systemic collapse when confidence evaporates.
📄️ The pattern of currency crises
Understand currency crises: how fixed exchange rate pegs mask imbalances, capital flight depletes reserves, and sudden devaluation follows inevitably.
📄️ Recession recovery patterns explained
Understand the four shapes of economic recovery: why some recessions are quick and sharp (V-shaped) while others are prolonged (U-shaped) and when double dips occur (W-shaped).
📄️ Why 'this time is different' is dangerous
Understand the dangerous belief that 'this time is different'—how recurring patterns of crisis are ignored in every boom, leading to repeated disasters.