Collapse Archive
Single issuers and instruments failing while the market stays open — counterparty risk made visible.
11 archive files
2021 · Property · US
February 2021: When Two Property Markets Began to Diverge
February 2021 marked a turning point as US pandemic housing booms and China's tightening crackdown set divergent 30-month trajectories through 2023.
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 · Property · US
2009-11 to 2012-04: The Second Leg — US Housing Markets Grind Lower
Thirty months after the subprime crash, US housing entered a grinding bottoming phase with cities diverging sharply — Atlanta lost 22.7% while Boston fell only 4.4%.
Read the file →2008 · Property · US
December 2008: U.S. Housing Market in the Aftermath — 11 Cities, Divergent Fates
Thirty months after the global financial crisis erupted, U.S. housing continued its grinding unwinding across 11 cities — Phoenix down 19%, San Francisco up 3.3%.
Read the file →2008 · Property · US
2008: The U.S. Housing Collapse — When the Air Came Out of the American Dream
January 2008 found U.S. housing at a precipice. What followed reshaped finance, policy, and the American economy for a generation.
Read the file →2008 · Property · US
2008 U.S. Housing: The Subprime Cascade and the Multi-Year Bottom
When the U.S. property market turned in 2008, national prices entered a multi-year contraction that tested the entire global financial structure.
Read the file →2006 · Property · US
February 2006: The US Housing Market Reaches Its Peak
When Phoenix and San Diego began their 33% slide in early 2006, few recognized the structural inflection that would reshape American finance for a decade.
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 →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 →