Book

Boom and Bust

William Quinn, John D. Turner

A newer and more data-led treatment of the same question. The fire triangle framing of fuel, oxygen and heat is genuinely usable in an interview answer.

• Crises and market history
• Markets
• Macro and rates

1 idea from this book

• FrameworkCrises and market history

  A bubble needs marketability, money and credit, and speculation together

  Check all three legs, marketability, cheap money and a population buying for resale, before calling something a bubble.

  Answering whether a current market is a bubble, or explaining why some overvalued assets never become one.