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S&L Crisis 1989: Deposit Insurance Moral Hazard & Regulatory Forbearance │ GP/LP Analysis — 3 Red Flags │ EP40 T2
Season 2 Episode 40
In 1982, the Federal Savings and Loan Insurance Corporation extended deposit insurance to institutions whose permitted investment universe had just b…
1 month, 2 weeks ago
S&L Crisis 1989 : How the U.S. Government Guaranteed a Gamble It Never Priced — EP40 T1
Season 1 Episode 40
In 1980, the United States extended federal deposit insurance to savings and loan institutions — and simultaneously gave them permission to invest in…
1 month, 2 weeks ago
Mississippi Bubble 1720: Monetary Premium vs Fundamental Value & Fiat Convertibility Collapse | GP/LP Analysis — 3 Red Flags | EP39 T2
Season 2 Episode 39
In 1719, every signal needed to identify the Mississippi Bubble was in the public record. The Mississippi Company's actual Louisiana revenue was in i…
1 month, 2 weeks ago
Mississippi Bubble 1720: The Scottish Gambler Who Invented Central Banking — and Destroyed France — EP39 T1
Season 1 Episode 39
In 1716, a Scottish gambler and convicted murderer convinced the French government to let him create a bank. By 1720, John Law controlled France's en…
1 month, 2 weeks ago
South Sea Bubble 1720: Sovereign Credibility Premium & Parliamentary Conflict of Interest | GP/LP Analysis — 3 Red Flags | EP38 T2
Season 2 Episode 38
In 1720, every signal needed to avoid the South Sea Bubble was in the public record. The company's actual trading rights — one ship per year — were i…
1 month, 2 weeks ago
South Sea Bubble 1720: The Government Debt Scheme That Ruined Isaac Newton — EP38 T1
Season 1 Episode 38
In 1720, the British government had a debt it could not repay and a solution nobody had tried before. It sold the debt to a company, gave that compan…
1 month, 2 weeks ago
Japan 1990: Asset Price Collateral Loop & Balance Sheet Recession Diagnostic | GP/LP Analysis — 3 Red Flags | EP37 T2
Season 2 Episode 37
In 1989, every number needed to identify Japan's asse bubble was publicly available. The Nikkei P/E was over sixty. Tokyo commercial real estate cap …
1 month, 2 weeks ago
Japan 1990: The Bubble That Took 35 Years to Recover From — EP37 T1
Season 1 Episode 37
In December 1989, the Nikkei closed at thirty-eight thousand nine hundred and fifteen. Japan had seventeen of the top twenty banks in the world by as…
1 month, 2 weeks ago
Iceland 2008: Sovereign Backstop Capacity Analysis & Wholesale Funding Dependency | GP/LP Analysis — 3 Red Flags | EP36 T2
Season 2 Episode 36
This episode dissects the three-layer stress test a fixed income portfolio manager should have applied: reserves-to-short-term-foreign-liability rati…
1 month, 2 weeks ago
Iceland 2008: How Three Private Banks Bankrupted an Entire Country | EP36 T1
Season 1 Episode 36
In October 2008, the three largest banks in Iceland collapsed within seventy-two hours. Their combined balance sheet was eleven times the size of Ice…
1 month, 2 weeks ago