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The Housing Bubble and Subprime LendingLearn how risky American mortgage lending built a housing bubble, and what happened when prices started to fall.Read it From The 2008 Financial Crisis
The history
What happened, step by step, with every figure checked against a named source.
- SeriesThe 2008 Financial CrisisLearn what caused the 2008 financial crisis, how it reached Britain, why the banks were bailed out, and what it cost.
- SeriesThe 2022 Mini-BudgetLearn what the 2022 mini-budget announced, why the markets reacted so badly, and why it was reversed within weeks.
- SeriesJapan's Asset BubbleLearn what Japan's asset bubble was, why share and land prices rose so far, and why the crash left Japan stuck for years.
- From Thatcher's Economic PolicyRight to BuyLearn how Right to Buy sold council homes to their tenants, and how it changed home ownership in Britain.
- From Thatcher's Economic PolicyThe Big Bang and the Lawson BoomLearn how freeing up the City led to a borrowing boom in the late 1980s, and how it ended.
- From Japan's Lost Decade — 1989 to 2006Falling Land Prices and Japan's Bad LoansWhy did loans backed by land go bad, and what happened when public money was first used for failed lenders?
- SeriesBlack WednesdayLearn what happened on Black Wednesday, why Britain could not keep the pound in the ERM, and what it did next.
The economics
The ideas behind the story, one at a time.
The data
Country figures from the Atlas, from World Bank and other named sources.