Alan Greenspan speech at Jackson Hole, 2005
"history has not dealt kindly with the aftermath of protracted periods of low risk premiums"
Long-Term Capital Management
Reading: Long-Term Capital Management Brochure
Great Financial Crisis (2008)
"What it was like:"
LA Times: Panicked by the stock market (March 9, 2009)
Has Financial Development Made the World Riskier? (2005, Jackson Hole)
Market fears point to investors' complacency for risk (New York Times, March 2007)
Consensus at the time:
2000 Tech Bubble
Reformed Broker: Contra Einhorn (on the March 2000 catalyst)
3/20/2000: Barron's: Burning Up ("Internet companies are running out of cash -- fast")
3/20/2000: MicroStrategy plummets; Shares fall more than 60 percent (CNN Money)
The Original Barron's List: A Prelude to the Dot-Com Bust
1997 Asian Financial Crisis
Video: FNN: Market Wrap October 19, 1987 (with Paul Tudor Jones)
Video: Wall Street Week October 16, 1987 - Before the 1987 Crash (Part 1)
Video: Wall Street Week October 16, 1987 - Before the 1987 Crash (Part 2)
1992: George Soros Breaks the Pound
5/16/2017: Financial Insyghts "Watergate Market Chart"
1992, reading: No Guts, No Glory: Short-Selling in a Bull Market
1985, video: Goldman Sachs Fixed Income Recruiting Video 1985