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Posted 9/11/2023, 2:04:10 AM

A History of Stock Market Crashes and Manias

1637 Tulip mania causes tulip prices to soar then crash in the Netherlands
1720 South Sea Company shares crash in England
1882 French Union Generale bank collapse crashes Paris and Lyon exchanges
1929 Wall Street crash marks start of Great Depression in the US
1987 Black Monday crash sees Dow Jones lose 22.6%

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Relevant topic timeline:

8/19/2023

The risk of a 'Lehman moment' in China is rising, says Jefferies' Chris Wood

### Summary The risk of a "real Lehman moment" is increasing in China due to a shadow banking crisis and declining property sales, according to Jefferies' global strategist Chris Wood. ### Facts - 💣 Chinese asset manager Zhongzhi Enterprise's failure to make interest payments on wealth management products indicates a liquidity crisis and highlights the real estate sector's crisis. - 💰 Chinese equities are a value trap, says Wood. - 🏢 Evergrande's problems were not a "Lehman moment" because they were induced by the authorities through the "Three Red Lines" policy. - 🚫 President Xi Jinping's anti-corruption campaigns and last year's lockdowns have dampened entrepreneurial spirits and damaged China's command economy model. - 📉 The residential property market's biggest downturn since privatization in the mid-1990s was undermined by lockdowns, even after the relaxation of the "Three Red Lines" policy. - 💼 For those who believe China is in a "balance sheet recession," owning a dividend index and long government bonds is a recommended strategy.

8/21/2023

The 50 Most Valuable Companies in the World in 2023

Summary: The number of corporate bankruptcies in the US is increasing, with over 400 corporations going under so far in 2023, which is the fastest pace since 2010 and double the level from last year, largely due to overstretched balance sheets and interest rate hikes. Sectors with high debt, such as consumer discretionary and industrial, are the most affected, and there have been 16 billion-dollar bankruptcies including Bed Bath & Beyond and the parent company of Silicon Valley Bank. However, some companies have been resilient due to stronger profits and the structure of corporate debt.

8/25/2023

Taiwan think tank downplays China real estate crisis

China's current property crisis is not as severe as the 2008 Lehman Brothers collapse, according to the Taiwan Institute of Economic Research (TIER).

9/7/2023

The Fed could still kill off more zombie companies even after bankruptcies have spiked 54% since last year

The US saw a 54% increase in bankruptcies in August, with small and mid-cap companies being hit the hardest, as the Federal Reserve's aggressive interest rate hikes and higher borrowing costs continue to take a toll on businesses.

9/8/2023

Surge in Small Business Bankruptcies Hints at Economic Troubles Ahead Despite Upbeat Data

Rising U.S. business bankruptcies are causing concern despite strong economic indicators, potentially impacting the overall economy and smaller firms in particular.

9/11/2023

Analyst Warns S&P 500 Could Plunge 50% as Recession Risks Mount

Stocks could crash nearly 50% as a severe recession sets in, according to veteran technical analyst Milton Berg, who cited investor complacency and banking woes as risk factors.

9/15/2023

2008 Financial Crisis Caused by Risky Loans; Reforms Created Protections but Future Uncertain

The collapse of Lehman Brothers in 2008 led to the implementation of stricter mortgage regulations, making it safer for homebuyers; however, there are concerns that some of these safeguards may be weakened in the future.

10/7/2023

Treasury Bond Market Crash Signals More Volatility Ahead as Recession Risk Rises

The collapse in Treasury bonds is one of the worst market crashes in history, with experts predicting that a recession could hit in 2024 and 10-year Treasury yields could breach 5.5%.

10/8/2023

Corporate Debt Crisis Looms As Rising Rates Fuel Bankruptcy Fears

A wave of corporate bankruptcies and debt defaults, driven by high interest rates, could potentially push the US economy into a recession, as global corporate defaults reach their highest levels since 2009 and borrowing costs for firms significantly rise.