A fascinating one-stop account of recent financial crashes, what lessons we can learn from them and where the next one will come from
Since America's Wall Street Crash of 1929, the global economy has weathered the most tumultuous century in financial history. From the currency crises of the 1980s, to Japan's housing meltdown, the dot com boom and bust, the global financial crash and the COVID pandemic, crash after crash have sent shockwaves through our world.
The Great Crashes tells the stories of ten of these historic financial events. They serve as a series of cautionary tales, each with their own set of lessons to be learnt. With clear-eyed analysis, renowned-economist Professor Linda Yueh uses these meltdowns to extract a critical three step framework to help recognise the early signs of a crash, mitigate the effects and even prevent them in the future.
There is very little that is certain in economics, except for this- there will be another financial crisis. Yueh exclusively predicts the next and shows how her framework could contain it. Combining her in-depth knowledge with her compelling storytelling, The Great Crashes is essential reading that offers urgent lessons for the modern world.
