Great Financial Crises, Part 9: Japan's Bubble and the Lost Decades
In December 1989, the Nikkei hit 38,915. It would not beat that level again until 2024. Here is how Japan's great bubble formed, burst and shaped decades of slow growth.
Great Financial Crises, Part 7: The Latin American Debt Crisis (1982)
In August 1982, Mexico said it could no longer pay its debts. Within months, much of Latin America was in crisis. Here is how it happened and why it became a "lost decade."