If you’ve wanted to know the story of Kuwait’s stock market crash in the 80s, NPR released a short 9 minute podcast about it a few days ago. Here is the description of the podcast:
In the early 1980s, Kuwait’s unofficial stock market — run out of a parking garage on the site of an old camel market — was the third largest in the world, second only to the U.S. and Japan. But then, in an instant, it all came crashing down, plunging Kuwait into a brutal recession that would last for nearly a decade. How is it that a simple financial innovation could create such vast wealth and such devastating chaos? And what can it teach us about the fundamental forces at the heart of modern capitalism?
Today on The Indicator: the story of the Souk al-Manakh and one of the greatest stock bubbles of all time. Source
If you want to listen to it search for “THE INDICATOR FROM PLANET MONEY” podcast in your favorite podcast player or listen to it below.
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