The 1990s Archive
Crisis went global: the ERM collapse, the Asian financial crisis, LTCM — while equities climbed a dot-com wall of worry.
34 archive files
1999 · Commodities · US
1999–2000: Commodities at the Crossroads — Dollar Strength, Internet Euphoria, and Four Markets That Divided
Four commodities, one dollar, two decades. A November 1999 to May 2000 window where rice drifted up, oats flatlined, and two precious metals told wildly different stories.
Read the file →1999 · Property · US
1999: The Quiet Opening — How Steady Gains Built the American Housing Bubble
In March 1999, US housing entered an era of frictionless appreciation. Ten cities, zero drawdowns, 30 bars of steady climb — and the slow birth of a crisis.
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 →1998 · Property · US
1998 Spring: US Housing's Low-Volatility Boom — Zero Drawdowns and the Complacency Trap
In spring 1998 the US property market entered a sustained ascent. Boston at 80.2, San Francisco at 77.48 — the data shows a systematic low-volatility boom that planted the seeds of its own undoing.
Read the file →1998 · Property · BG
1998: Three Markets, Three Transitions — Property Markets in China, Bulgaria, and Norway
Three nations launched parallel property experiments in 1998: China's housing commercialization, Bulgaria's post-communist stabilization, and Norway's oil-fueled ascent.
Read the file →1997 · Property · CA
1997–2004: Canada and Norway Property Booms — The Long Climb and the Decision Points It Demanded
Two national housing markets climbed steadily through the late 1990s and early 2000s, rewarding holders who resisted overtrading. Canada rose 50.1%, Norway 63.7%.
Read the file →1997 · Stocks · US
1997: MidCap Boom, Asian Contagion — Diverging Fate in One Calendar Year
US mid-caps surged 25% in calm waters while Jakarta and Seoul bled 40%. How the same year produced Bull and Crisis Replays across four markets.
Read the file →1997 · Property · US
1997-03 to 1999-08: The Quiet US Property Boom — A Thirty-Month Lesson in Complacency Risk
Ten US cities, thirty monthly bars, and nearly zero drawdown — how a steady property climb tests decision-makers who face no obvious crisis to react to.
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 · Property · US
1996–1998: The Steady Ascent — How US and Norway Property Markets Rewrote the Risk Handbook
A 30-month property boom across ten US cities and Norway delivered 11–28% gains with near-zero drawdowns, a market regime that stressed process over prophecy.
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 · Property · US
1995–1997 US Property: The Steady Ascent That Tested Patience
In the mid-1990s, US property markets entered a sustained but muted upswing across ten cities. The headline narrative promised growth, yet the actual price trajectory demanded precision and patience.
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 →1995 · Property · US
1995–1997: The Quiet Bull — US City Property Markets and the Discipline of Low-Volatility Appreciation
A 30-month US property boom with single-digit city gains and remarkably contained drawdowns, testing decision-makers in an environment where the hardest trade was doing nothing.
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 →1994 · Property · US
1994 to 1996: The Quiet Property Boom — When Patient Capital Won by Doing Nothing
A deep dive into U.S. property markets from 1994 to 1996, where Phoenix surged 14.5% with zero drawdown and Atlanta climbed 10.2% without a single losing month.
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 →1993 · Property · US
1993–1995: The Quiet Recovery — How U.S. Property Emerged From Recession Without Drama
March 1993 began a 30-bar post-recession recovery across U.S. and Norway property markets — labeled a boom, but delivering outcomes from 15.6% gains to a 4.2% loss depending on the city.
Read the file →1992 · Stocks · AE
1992: Global Stock Markets in Correction — Five Markets, Five Drawdown Lessons
In 1992, stock markets from Abu Dhabi to London to Mexico City entered simultaneous correction phases, testing position discipline across very different risk environments.
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 →1992 · Property · CA
July 1992: Three Property Markets, Three Futures — Canada, Norway, and the United States on the Same Starting Line
July 1992 baseline: Canada's index at 45.03, Norway's at 36, the US at 174.58. Over the next 7 years, three nations produced three very different return profiles in property.
Read the file →1992 · Property · US
1992–1994: Nine U.S. Property Markets and the Divergent Recovery Nobody Predicted
1992–1994: US property markets in post-recession recovery—Case-Shiller national index +5.9%, Phoenix +11.5%, San Diego -6.5%, 9 cities analyzed
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 →1991 · Property · CA
1991-07: Norway Oil Boom vs Canada Choppy Recovery — Two Property Markets, Divergent Paths
Two national property indices from the same starting date: Norway's oil-fueled boom delivered 35.7% against Canada's 6.2% grinding recovery, testing different decision regimes over 30 months.
Read the file →1990 · Property · CA
July 1990: Three Property Markets Diverge — Patience, Pain, and the 1990s Recovery
Three national property markets began the 1990s on divergent paths: Norway's oil boom, Canada's recession, and America's recovery all unfolded over the same seven 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 · Stocks · US
Gulf War Shadows: How the 1990 Middle East Crisis Shook Global Equity Markets
Gulf War escalation in 1990 sent shockwaves through global equities — NASDAQ shed 30.7%, small-caps crashed 26.2%. How did geopolitical risk cascade across US, UK, and Gulf markets?
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 →1990 · Property · US
1990 U.S. Property: When the Slow Grind Arrived First
NBER dated recession from July 1990; US property markets had already begun declining in March, with Boston suffering the worst drawdown of 11.6% across the 30-month replay.
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