Loading...
Deep dives into real-world market events, financial crises, central bank interventions, and policy outcomes - learning from history to understand the present.
A detailed analysis of the August 5, 2024 global market panic, exploring the mechanics of the yen carry trade, the Bank of Japan's rate hike, and the transmission channels of leverage.
An in-depth case study analyzing the post-pandemic inflation surge, the Federal Reserve's fastest rate-hiking cycle in decades, and the structural shifts in global fixed-income markets.
A detailed case study of the 2022 UK gilt crisis, showing how leveraged LDI structures, collateral calls, and policy intervention interacted during one of the sharpest sovereign rate shocks in recent years.
A detailed case study of the March 2020 Treasury market breakdown, focused on forced selling, dealer balance-sheet limits, and why the Fed acted to restore market functioning first.
A detailed case study of the 2013 taper tantrum, covering Fed communication, long-end repricing, mortgage convexity, and spillovers into emerging markets and risk assets.
A detailed case study of Lehman in September 2008, focused on repo, money funds, collateral, and why the system-wide break came through funding markets rather than only through credit losses.
A detailed case study of the 1997 to 1998 Asian Financial Crisis, focused on currency mismatch, short-term external debt, IMF programs, and the market lessons that still matter.