Economics

Okay, let's talk about the famous "Black Monday" of 1987. This was indeed a major event in financial history, and it had a very significant connection to computers.

Okay, no problem. Let's talk about this in plain language. Japan's 'Lost Decades': A Long Hangover After a Bubble Frenzy Imagine you and your neighbors are at an incredibly wild party.

That's a great question. You can think of these two crises as two brothers, distinct in appearance but very similar in bloodline and temperament. Both offered profound lessons.

Hello! It's quite interesting to discuss whether "Tulip Mania" was the earliest asset bubble and financial crisis. The short and direct answer is: Yes, it is generally considered the first well-docume...

Okay, no problem. Let's talk about this in plain language. Was the Greek Debt Crisis a Financial Crisis? Yes, it absolutely falls under the category of a financial crisis.

Alright, let's delve into Iceland's experience during the 2008 financial crisis and why the nation nearly faced 'bankruptcy'. This story is quite similar to an ordinary person taking out a massive loa...

好的，我们来聊聊雷曼兄弟这个事儿。 想象一下，你和一群朋友在玩一个叠叠乐（Jenga）游戏，整个积木塔就是全球的金融系统。每一块积木都是一家银行或者金融机构。 雷曼兄弟是谁？ 在2008年，雷曼兄弟（Lehman Brothers）可不是一块小积木，它是塔中间最大、最稳固、历史最悠久的积木之一。它是一家拥有158年历史的华尔街巨头，全球第四大投资银行。

Alright, no problem. Let's talk about the role Fannie Mae and Freddie Mac played in the 2008 financial crisis. Imagine this: you want to buy a house, but banks' money doesn't grow on trees.

好的，没问题。咱们用大白话聊聊这个事儿。 Imagine you go to a bank to borrow money for a house. The bank definitely needs to check your financial background first, right? They'll look at your job stability, income level,...

Hello, let me try to explain this to you; I hope it helps you understand. You can think of it this way: a typical economic recession is like catching a cold – it's uncomfortable, but after some medici...

Alright, let's talk about the 1998 financial crisis that "shocked" Russia. This story begins after the collapse of the Soviet Union. Imagine a giant suddenly falling down and having to learn how to wa...

嗨，关于1997年那场亚洲金融风暴，很多人觉得很复杂，其实把它拆开来看，就像一个多米诺骨牌效应。我尽量用大白话给你解释一下主要原因。 想象一下，90年代初，东南亚那几个国家（比如泰国、马来西亚、印尼）经济发展得特别快，被称为“亚洲四小虎”，前景一片大好。于是，全世界的热钱（国际游资）都像闻到腥味的猫一样，疯狂涌入这些国家。 这就埋下了几个大雷： 1.

Alright, let's talk about the Great Depression of 1929, the one that almost brought the world economy to its knees. We'll start from the beginning and try to keep it simple.

Will Markets and Economies Emerge Healthier After a Crisis? This is an excellent question that many people ponder. In short, the answer is: Usually yes, but the process is painful, and "health" comes ...

Hey friend, that's a great question, and one many people are concerned about. I'll try to explain my thoughts in plain language. Are Financial Crises Cyclical? Generally speaking, yes, but it's not as...

Are Financial Crises Exclusive to Capitalist Economies? That's a very pertinent question. The short and direct answer is: No. However, the type of financial crisis we commonly see in the news (e.g.

Okay, let's talk about this. "Financial crisis"—the term sounds grand, like something you only hear about on the TV news. But in reality, it's like a big economic cold.

Hi there, the term "moral hazard" isn't as mysterious as it sounds. I'll explain it in simple terms, and you'll get it. What is "Moral Hazard"? Imagine you bought a "full coverage" insurance policy fo...

That's an excellent question. When a financial crisis hits, people panic, feeling like the sky is falling. At such times, it's up to the government, acting as a "parent figure," to step in.

Frankly speaking, neither of these is good, but if forced to choose, deflation is generally considered the one more likely to trigger a systemic financial crisis.