About this source
Linda Yueh, Professor of Economics at London Business School and author of 'The Great Crashes', examines ten historical financial meltdowns — from 1929 to COVID — identifying the repeating patterns of leverage, policy response, and aftermath that define great crashes. The episode covers how debt amplifies bubbles into crises, why banking crashes are uniquely destructive, and what conditions must be met for credible recovery.
Frameworks extracted
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The Crisis Generation Crash Cycle
Crashes are more frequent since 1980 — understand why before assuming the next one
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Lean Against The Wind
Remove the punch bowl before the party peaks — not after the crash
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Credibility-First Resolution
Confidence is the mechanism of crash recovery, not just a byproduct
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The Leverage Amplifier
Debt is the multiplier that turns a bubble into a great crash
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The Three-Phase Crash Model
Every great crash follows: bubble → resolution → aftermath