Channel: Business Casual

Category: Education

Tags: economic bubbleskuwait stock market bubblemarket crasheconomic crashkuwait stock crashthe souk al manakhthe souk al-manakhstock bubblebiggest economic crashsouk al-manakhsouk al manakhbiggest stock market collapsekuwaiti crashboursa kuwaitstock market crasheconomic collapsekuwait econcomy crash 1982 kuwait economy collapse kuwait stock market crashkuwait bubblestock crash

Description: What was the biggest bubble in the world? 2008’s housing crisis? The Dot Com crash? Tulip Mania? Not even close. The Souk al-Manakh was Kuwait’s unofficial over-the-counter stock market, headquartered in an air-conditioned parking garage. But, as you’ll soon learn, miraculously managed to grow to the 3rd largest equity market on earth (only trailing America and Japan) with stock prices that commonly doubled on an hourly basis — only to come crashing done in the most unbelievable way. It’s a tale of greed, deception, cultural quirks, billions, and perhaps most importantly: lessons you can take away as an investor. ⭐️ Enter the giveaway! Follow BC on Instagram 👉 gobc.tv/ig Enjoyed the video? Let us know in the comments below! ⭑ Subscribe to Business Casual → gobc.tv/sub ⭑ Enjoyed the vid? Hit the like button! 👍 📚 If you enjoyed this video about the Souk Al Manakh and want to learn even more about the Souk's fascinating history, we recommend you read the book "Kuwait: Fall & Rebirth" by Al-Yahya 👉 amzn.to/3eoQbq0 (note: As an Amazon Associate, we earn from qualifying purchases). Your support makes our content possible! ❤️ Follow us on: ► Twitter → gobc.tv/twtr ► Instagram → gobc.tv/ig ► Facebook → gobc.tv/fb ► LinkedIn → gobc.tv/linkedin ► Reddit → gobc.tv/reddit ► Medium → gobc.tv/medium ⬇️Exclusive Sponsor Offers (Only For BC Fans) ⬇️ ✪ Sign-up for Acorns! 👉 gobc.tv/acorns ✪ Skillshare (get 2 months free) 👉gobc.tv/skillshare ✪ Try DollarShaveClub (just $5!) 👉dollarshaveclub.com/bc ✪ Try Blinkist free for 7 days! 👉gobc.tv/readblinkist Video Sources & Citations: gobc.tv/souk-sources Giveaway Content Guidelines: gobc.tv/soukvid-contest (Special thanks to our narrator, Toby Ricketts!) #Kuwait #SoukAlManakh #History