The Great Crashes

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The global economy has faced significant turmoil throughout the last century, marked by financial crises that have reverberated worldwide since the Wall Street Crash of 1929. From the currency crises of the 1980s and 1990s to Japan's housing collapse, the dot-com bubble, the global financial meltdown, the euro crisis, and the COVID pandemic, this work recounts ten pivotal events that serve as cautionary tales with valuable lessons. Dr. Linda Yueh, a renowned economist, offers a clear analysis and a three-step framework to identify early signs of a crisis and mitigate its effects, aiming to prevent the repetition of past mistakes in future financial downturns. She provides insights into potential sources of the next crisis and illustrates how her framework could help contain it. With her extensive knowledge and engaging storytelling, this work is essential reading, delivering urgent lessons for today's world. It is described as an important contribution that can aid society in anticipating and addressing future financial challenges.