FI Historical Archive
Archive files covering FI: every file tells what happened and why it mattered, paired with playable scenarios built from authentic market data.
47 files
2012 · Property · BG
October 2012: Seven National Property Markets Begin a Coordinated Ascent
Seven national property indices began climbing together in October 2012, riding low rates and policy support through a rare sustained bull phase with minimal drawdowns.
Read the file →2012 · Stocks · US
2012 Global Equity Correction: From Summer Drawdown to Divergent Recovery
Global equities entered summer 2012 with a broad correction, then bifurcated sharply — US and Nordic markets recovered while emerging Asia and Europe diverged through year-end.
Read the file →2010 · Property · US
October 2010: Divergent Recovery — US Housing Markets Navigate Fragile Post-Crisis Terrain
Sixteen city and national property markets from October 2010 reveal divergent recovery paths after the housing crash — some cities stabilizing, others still falling.
Read the file →2009 · Stocks · US
2009: The Post-Crisis Recovery — Global Equities Rebound Through Hidden Volatility
How global equity markets climbed from the 2008 abyss in 2009 — and what the gap between headline gains and internal drawdowns revealed for traders who lived through each session.
Read the file →2008 · Stocks · US
2008: The Global Equity Correction and Crash — How Subprime Became a Systemic Crisis
During 2008, global equities corrected then crashed as subprime contagion spread from US housing to banks, commodities, and emerging markets worldwide.
Read the file →2008 · Property · BG
2008 Property Markets: How Identical Shocks Produced Opposite Outcomes
Six national property indices reveal how the 2008 crisis hit markets differently—China's stimulus versus Bulgaria's 35.6% loss.
Read the file →2007 · Property · US
2007 October: The US Housing Crash and Global Property Crisis — Thirty Months That Rewrote Risk
Oct 2007–Mar 2010: US housing indices fell continuously; Phoenix recorded a 48.4% max drawdown, with contagion spreading to Bulgaria.
Read the file →2006 · Property · US
October 2006: US City Housing Indices Peak — The Start of a Property Collapse That Reshaped Global Finance
In October 2006, the US 10-city composite housing index closed at 222.78. Over the next 30 months, it would fall 30.7% as the subprime crisis unfolded.
Read the file →2005 · Property · BG
April 2005: National Eight Articles and the Global Property Market Divide
China's 2005 property tightening set off a decade-long experiment in policy-driven cooling—against a backdrop of eight markets that would diverge wildly as the global credit crisis approached.
Read the file →2005 · Property · CA
2005-07: Six Nations, One Housing Storm — The Global Property Replay
Six national housing indices from July 2005 to October 2012 reveal divergent outcomes when the 2008 crisis hit property markets worldwide.
Read the file →2005 · Stocks · US
December 8, 2005: ADX Ignition and the New Narrative for Global Equities
On December 8, 2005 the Abu Dhabi Exchange index began a rally that opened a 61-scenario cluster spanning 14 countries and two years of price action.
Read the file →2005 · Stocks · US
Late 2005 Global Stock Rally: Synchronized Bull Markets Across Seven Markets
In late 2005, equity markets across seven countries entered a synchronized uptrend—small-caps led while sectors rotated, testing trend-following discipline.
Read the file →2005 · Stocks · US
2005: Global Uptrend, Regional Divergence — When One Year's Markets Told Three Different Stories
2005 delivered a rare market experiment: global mid-caps climbed while China's indices crashed. Volatility extremes up to 8.4% in a single session tested every assumption about disciplined investing.
Read the file →2004 · Stocks · US
2004–2005: Reading the World's Markets in Parallel
A year-end 2004 pivot sent markets on sharply divergent paths—China's reform shock, Indonesia's commodity surge, and a mixed global picture that tested every trading style.
Read the file →2004 · Property · US
2004: US Housing Bubble — The Low-Volatility Illusion
17 US housing replays, 2004–2011: low-volatility boom masked fragility; subprime expansion ended in crisis.
Read the file →2004 · Property · US
June 2004: The U.S. Housing Bubble's Final Acceleration — When Low Volatility Became a Warning Signal
In mid-2004, U.S. housing entered its last surge phase. Case-Shiller indices climbed without meaningful correction, lulling participants before the 2008 reckoning.
Read the file →2003 · Property · CA
October 2003: Five Nations, One Property Boom, Divergent Fates
A single month saw five national property indices open in unison—only to split wildly over the next 30 months. Canada surged 57.5%; the UK barely budged. The divergence began in plain sight.
Read the file →2002 · Property · CA
2002-01: Four Property Markets, Four Risk Profiles — The BIS Boom That Wasn't One Crisis
Four national property indices embarked on divergent 2000s trajectories from January 2002, each telling a different story about returns, drawdowns, and volatility discipline.
Read the file →2002 · Stocks · US
Late 2002 – Early 2003: Defensive Rotation and the Healthcare ETF Test
Healthcare stocks faced a critical test as markets digested the dot-com wreckage. How did XLV perform as a defensive play during post-crisis recovery?
Read the file →2000 · Stocks · US
2000–2001: BEL 20 and the Post-Dot-Com Correction — When Europe's Blue Chips Met the Tech Wreck
How Belgium's BEL 20 index — starting at 3007.82 on September 27, 2000 — absorbed the dot-com collapse's shockwave across 150 trading days, shedding 7.0% with a 19.0% maximum drawdown.
Read the file →1998 · Stocks · US
1998: When Global Markets Caught Russia's Contagion
In the summer of 1998, Russia's sovereign default cascaded into a global liquidity crisis, hammering equity markets from Jakarta to Toronto and nearly toppling Long-Term Capital Management.
Read the file →1996 · Property · CA
1996: The Quiet Property Boom — Five Markets, One Shared Lesson
Five national property indices rose in unison without meaningful correction, demanding a different kind of discipline from traders and investors.
Read the file →1996 · Stocks · AE
1996: Frontier Booms, Developed-Market Corrections, and the Psychology of Drawdowns
A divided 1996: UAE and Thai markets surged 39% and 78% while US small-caps corrected 2.1% with 15.6% drawdowns. What this divergence means for decision training.
Read the file →1996 · Stocks · AE
1996: How a Quiet Year in Global Equities Planted Seeds for 1997's Divergence
A year of mixed signals across ten markets—from Mexico's sideways IPC to Korea's Hanbo stress—shows how texture within trends matters more than headlines.
Read the file →1996 · Stocks · AE
1996 Summer: Abu Dhabi's ADX Crash and the Anatomy of a Gulf Market Correction
A 33% drawdown in 30 trading days—how the Abu Dhabi Securities Exchange collapsed in summer 1996 and what its recovery revealed about emerging market structure.
Read the file →1995 · Property · FI
1995–2002: Three Markets, One Boom — Why Parallel Uptrends Tell Different Risk Stories
Mid-1990s to early 2000s saw residential property surge across Finland, UK, and US — yet the same boom masked wildly different volatility profiles and institutional lessons.
Read the file →1995 · Stocks · US
1995 Global Stock Markets: Corrections, Rallies, and the Discipline Divide
A cluster of corrections across eight markets in late 1995 gave way to sustained rallies, testing investors' resolve and separating disciplined traders from reactive ones.
Read the file →1994 · Property · FI
1994 Property Boom: Finland, UK, and US Divergent Recovery in BIS Historical Scenarios
Three national property markets—Finland, UK, and US—emerged from the early 1990s recession with strikingly different volatility profiles, all replayable in BIS scenarios spanning 1994–2001.
Read the file →1993 · Stocks · US
August 1993: The Synchronous European Equity Rally That Never Traveled Alone
On August 9, 1993, the AEX closed at 155.35—European equity uptrends were converging across nine markets and five market regimes, setting the structural template for the decade ahead.
Read the file →1993 · Stocks · AE
1993 Global Equities: Corrections, Rallies, and the Volatility Spectrum
1993 saw diverging equity markets: US small-caps fell 0.6% net with 6.4% max drawdown, while Abu Dhabi surged 29.6% and Austria gained 28.6%.
Read the file →1992 · Stocks · AE
1992: How Global Stock Markets Taught Traders to Weather the Storm
1992 stock markets across eight countries revealed a universal truth—trends and drawdowns travel together. From Abu Dhabi to Amsterdam, corrections tested every trader's discipline.
Read the file →1992 · Property · FI
October 1992: Three Property Markets, Three Recovery Paths
Three national property indices opened October 1992 at different levels—38.69 (Finland), 45 (UK), 175.45 (US)—and began distinct multi-year recoveries through the 1990s.
Read the file →1991 · Property · FI
1991 October: Three Markets, Three Recovery Paths — The BIS/FHFA Property Boom
In October 1991, UK, Finland and US property markets embarked on divergent recovery paths after recession, testing investor resolve across three distinct volatility profiles over the next eight years.
Read the file →1990 · Stocks · US
1990 Summer: The Gulf Shock and Small-Cap Correction
August 1990's Iraqi invasion of Kuwait triggered a global market correction; small-caps bore the brunt before recovering in 1991.
Read the file →1990 · Property · FI
October 1990: UK and Finland Property Markets Enter Divergent Collapses
Two national property indices opened October 1990 at similar heights — one entered a grinding seven-year decline, the other a catastrophic contraction triggered by geopolitical collapse.
Read the file →1989 · Property · CA
1989-1996: Five Property Markets, One Overheat — Why Some Collapsed While Others Recovered
When global property peaked in 1989, five nations diverged sharply. Finland crashed 39.8%, the UK fell 28.9%, Norway dropped 25.4%, Canada wobbled 8.4%, and the US barely flinched at 0.4%.
Read the file →1988 · Property · CA
1988-10: The BIS Property Collapse — Nordic Overhang, Canadian Cooling, and the British Reckoning
From October 1988, four nations' property indices embarked on divergent paths through banking crises, recessions, and credit contraction, reshaping a decade.
Read the file →1987 · Property · CA
1987 October: Three Property Markets, One Shock, Divergent Fates
Three BIS national property replays launched from October 1987 — Finland ground down by banking crisis, the UK caught in recession, Canada absorbing the shock. Identical structures, opposite outcomes.
Read the file →1985 · Property · CA
1985–1992: Four National Property Markets — Divergent Recovery, Hidden Crises
Four nations, one market type, vastly different trajectories: how aggregate data concealed regional crises and what that means for decision training.
Read the file →1985 · Property · FI
1985–1993: Nordic Property — From Exuberance to Contraction
Finland and UK property markets diverged sharply through the late 1980s boom and early 1990s recession, testing position sizing and drawdown management under extreme volatility.
Read the file →1984 · Property · CA
October 1984: Four National Property Markets Enter a Boom — and Diverge Sharply
Four national property indices launched October 1984; divergent trajectories followed through 1992. The lesson: same boom, radically different drawdown experiences.
Read the file →1983 · Property · CA
October 1983: Three National Property Markets Enter Expansion — BIS Launches Parallel Replay Experiments
Three national property markets entered simultaneous expansion in late 1983, prompting BIS to launch parallel replay experiments for decision training. US, CA, FI. 1983–1991.
Read the file →1981 · Property · CA
1981–1989: Three Markets, One Boom, Three Lessons in Volatility
The 1980s property surge across Norway, Finland and Canada tested every assumption about real estate as a stable store of value — with outcomes that diverged sharply.
Read the file →1978 · Property · FI
1978: Nordic-British Property Boom — Oil, Stagflation, and the Divergent Decade
In 1978, property markets across Norway, Finland, and the UK faced divergent fates: oil-fueled momentum, post-war prosperity, and stagflationary headwinds.
Read the file →1977 · Property · FI
1977: Nordic Property Under the North Sea Oil Boom
1977, Nordic property. Norway rose 31%, Finland 130% over 7 years — oil money reshaped capital flows into real assets.
Read the file →1976 · Property · FI
1976–1983: Finland vs UK Property — Divergent Booms in Post-Crisis Recovery
Two property markets emerged from the 1970s energy crisis on opposite trajectories — Finland surged 117.9%, the UK barely rose 19.0%.
Read the file →1970 · Property · CA
1970s Property Boom: Four Nations, Four Risk Profiles — One Silent Warning
Four nations, one decade: Canada's 132.5% gain vs Norway's flat -1.0% taught investors entirely different lessons about volatility, drawdown, and the patience required to hold through a cycle.
Read the file →