The Christmas Crash of 2018

The Christmas Crash of 2018 was a really important case study that up until now has been pretty much forgotten and even when it was happening probably didn’t get the attention it should. So what was the Christmas crash? What caused it? And why did everything pretty much go straight back to normal immediately after the new year?

In this video we attempt to answer these questions.

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music - The BEST Christmas Songs on Piano (https://www.youtube.com/watch?v=OuyTmdvUtQM&t=328s)

References -

Loonin, D. and Renuart, E., 2007. The life and debt cycle: The growing debt burdens of older consumers and related policy recommendations. Harv. J. on Legis

Kurtz, S.M., Ong, K.L., Lau, E. and Bozic, K.J., 2014. Impact of the economic downturn on total joint replacement demand in the United States: updated projections to 2021

Neftci, S.N., 1984. Are economic time series asymmetric over the business cycle?. Journal of Political Economy

Hamilton, J.D., 1989. A new approach to the economic analysis of nonstationary time series and the business cycle. Econometrica: Journal of the Econometric Society

Gordon, R.J. ed., 2007. The American business cycle: Continuity and change

Maskin, E. and Tirole, J., 1988. A theory of dynamic oligopoly, I: Overview and quantity competition with large fixed costs. Econometrica: Journal of the Econometric Society

Conti, A., Thursby, M. and Rothaermel, F.T., 2013. Show me the right stuff: Signals for high‐tech startups. Journal of Economics & Management Strategy

Articles -

https://www.forbes.com/sites/cameronkeng/2018/10/23/recession-is-overdue-by-4-5-years-heres-how-to-prepare/#416074f240d8

https://www.theatlantic.com/ideas/archive/2019/10/are-we-cusp-next-dot-com-bubble/600232/

https://www.nbcnews.com/business/markets/dow-drops-653-points-worst-christmas-eve-trading-day-ever-n951661

https://www.marketwatch.com/story/the-sp-500-is-on-the-verge-of-tumbling-by-the-most-it-has-ever-fallen-on-christmas-eve-2018-12-24