Topics / Forgotten Fortunes
Market Bubbles & Crashes
Speculative manias, leveraged euphoria, and the market crashes that reshaped wealth, regulation, and public memory.
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The Collapse of Japan’s Heisei Bubble Economy (1990–1992)
How Japan’s 1990 property and stock market crash ended the Heisei boom and reshaped its economy.
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Japan’s 1965 Shōwa Securities Crisis and the Bank of Japan Bailout of Yamaichi Securities
How Japan’s 1965 securities crisis forced intervention to stabilize Yamaichi and the broader market.
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Japan’s World War I Narikin Speculative Boom and the March 1920 Stock and Commodity Crash
How Japan’s wartime narikin fortunes gave way to a stock market crash in 1920.
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The 2015 Chinese Stock Market Turbulence and Margin-Financing Crash
How retail margin lending and umbrella trusts drove the 2015 Chinese stock market crash, erasing $5 trillion.
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The 1948 Chinese Gold Yuan Hyperinflation and the Shanghai Economic Lockdown
How China’s gold yuan experiment collapsed into hyperinflation in 1948–1949.
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The 1921 Shanghai Trust and Exchange Storm (Xin-Jiao Fengchao) Stock and Commodity Crash
How the 1921 Shanghai Trust and Exchange Storm shattered a speculative boom and reshaped China’s early financial markets.
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Venezuela’s 2003–2010 Dólar Permuta Bond-Swap Market and the 2010 Brokerage Crackdown
How Venezuela’s dólar permuta bond-swap market worked and why authorities cracked down in 2010.
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Argentina’s 1991–2001 Convertibility Plan, the Corralito Freeze, and Sovereign Default
How Argentina’s convertibility regime unraveled through the 2001 Megacanje debt swap, Corralito bank freeze and sovereign default.
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Argentina’s 1977–1981 Tablita Boom and the Collapse of Banco de Intercambio Regional
How Argentina’s tablita currency policy fueled borrowing before the 1980 banking collapse.
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The Rise and 2013 Collapse of Eike Batista’s OGX and EBX Empire on the Bovespa
How Eike Batista’s OGX failed and the 2013 stock market losses shook Brazil’s EBX empire.
