The Biggest Stock Bubble You’ve Never Heard Of: The Souk Al-Manakh Meltdown скачать в хорошем качестве

The Biggest Stock Bubble You’ve Never Heard Of: The Souk Al-Manakh Meltdown

📨 Follow Business Casual on Substack ➡️ https://businesscasualhq.substack.com What was the biggest bubble in the world? 2008’s housing crisis? The Dot Com crash? Tulip Mania? Not even close. The Souk Al-Manakh was Kuwait’s unofficial over-the-counter stock market, headquartered in an air-conditioned parking garage. But, as you’ll soon learn, miraculously managed to grow to the 3rd largest equity market on earth (only trailing America and Japan) with stock prices that commonly doubled on an hourly basis — only to come crashing done in the most unbelievable way. It’s a tale of greed, deception, cultural quirks, billions, and perhaps most importantly: lessons you can take away as an investor. *** 📚📖 Did you know after the crash of the Souk Al Manakh, Kuwait’s government decided to pay back over $90 billion in risky debts— even though it didn’t legally need to do so? If you aspire to become a sophisticated investor, it is essential to understand how a government’s decision to pay non-essential debts can impact a country’s federal balance sheet reserves and affect its markets. We highly recommend reading “Kuwait: Fall & Rebirth” by Al-Yahya 👉 https://amzn.to/3YbsOK1 (Please note: As an Amazon Associate, Business Casual earns from qualifying purchases.) *** Follow Business Casual on X and Substack! ⬇️ 𝕏 → https://x.com/@CasualDigestCom Substack → https://businesscasualhq.substack.com *** #Kuwait #SoukAlManakh #History