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The Mississippi Bubble

Money for nothing: A history of mania in John Law's Mississippi Company stock.

29 April 2019
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The Lasting Effects of Trade Shocks on Financial Markets

Disruptions to trade during the American Civil War and the reigns of Napoleon and Louis XIV had long-term consequences for financial markets.

2 April 2019
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Shining a Light on Currency Black Markets

Unique data spanning 50 years’ of monthly black market rates reveals insights ranging from the extent of the Soviet Union’s dependence on the shadow economy to the consequences of Colombia opening its “sinister window”.

13 December 2018
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How Financial Markets Reacted to World War I – in Five Charts

On the centenary of the Great War's conclusion, it is instructive to examine how this historic event affected investors and changed global capital markets.

6 November 2018
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From US Steel to URLs: What’s in a Company Name?

From the literal approach of the 1920s to bandwagon effects during tech bubbles, this examination of a century of US stock market data reveals the changing fashions in company naming.

24 October 2018
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In Quest of Aztec Gold

The panic of 1825 was the culmination of several years of euphoric investment in sovereign debt and precious metals that included one of the most remarkable swindles of all time: bonds sold in the name of a made-up country, called Poyais.

23 October 2018
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Railway Mania

All aboard the gravy train (1845 - 1947). The advent of steam travel sparked a boom in railway stocks in England and even Austria. But as the boom hit the skids, families were ruined and several banks failed.

18 September 2018
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How UK-US Trade Has Changed Over Time

We compare trade between the two countries in 1926 with the situation now. See the extent to which the nature of goods, and import and export dependencies have changed.

20 July 2018
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The Pit & The Pendulum: Part III

Our third instalment of historic follies charts banking crises in 14th century Florence and 19th century Brazil, an 1869 attempt to corner the gold market, Australia’s nickel boom of 1969 and the Russian Rouble crisis of 1998.

5 July 2018
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What Was the First Billion Dollar Company? A Short History of Market Cap Milestones

With several technology companies nearing trillion-dollar equity valuations, we examine the record of firms that surpassed previous symbolic milestones.

14 June 2018
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Powell’s Outside Status Breaks Central Bank Pattern

The central banks of the world’s most influential nations have for the past two decades been dominated by economists. This hasn’t always been the case.

5 February 2018
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Reading Between the Lines

A history of technical analysis, from 18th century Imperial Japan to Bitcoin price movements today – informed by material from Winton’s archive.

15 January 2018
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Gaming the Market

Why not give your nearest and dearest the gift of a classic financial market boardgame? Here we present 10 ideas from the Winton archive.

15 December 2017
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Sea Changes – The Longer View of Shipping

The tracking of shipping routes is an oft-cited achievement of modern data science. But comparable data has been collected for centuries—as our video shows.

27 November 2017
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Decoding AI’s Role in Financial Services

Hopes vested in AI capabilities have often run ahead of the reality – just as they did several decades ago.

20 October 2017
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Australia’s Lesser Known Commodities Booms

The typical Australian analogy for the China-fuelled expansion in commodities trading would probably be the mid-19th century gold rush.

19 July 2017
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Cocoa’s Bittersweet Bounty – 200 Years in Charts

A recent Longer View article looked at standout commodities performer palladium. Now, for the dunce of the class: cocoa.

11 July 2017
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Investment Catalysts: Palladium’s Inexhaustible Price Swings

The emissions scandal has hit carmakers’ shares, but has also proved a fillip for another type of investment.

28 June 2017
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Unstable Gases: Market Shocks and Qatari LNG

The gas market has experienced many shocks stretching back into the 19th century.

19 June 2017
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Choked Off: The Six Day War’s Impact on Maritime Trade

On June 5, 1967, Israeli jets launched the opening salvo of a short, but consequential conflict that shut the Suez Canal for eight years.

6 June 2017
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Over a Barrel: the Pipedream of Oil Price Stability?

Oil-producing countries are fretting ahead of the next OPEC meeting, given the seeming powerlessness of the cartel to influence the oil price.

23 May 2017
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US Protectionism in Four Charts

Understanding long-term patterns in global trade can serve as a useful window into economic and financial market developments.

11 May 2017
The Sweet And Sour History Of Sugar Prices
The Sweet and Sour History of Sugar Prices

A recent report described a commodity trader buying up thousands of swimming pools’ worth of sugar, potentially moving the market.

6 April 2017
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The History of the Modern International Monetary System

The recent surge in bitcoin prices, fuelled by capital flight from China, evinces a growing desire to revamp (or circumvent) the world’s monetary order.

14 March 2017
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The Market Impact of US Presidential Elections

In the lead up to the recent US presidential election, it was widely predicted that the US stock market would crash in the event of a Trump victory.

10 February 2017
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Copper-Bottomed Booms and Busts

Perhaps the most striking manifestation of the 2000s copper boom was the sight of charred human remains dangling from power cables.

18 January 2017
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The Pit & The Pendulum: Part I

A history of manias, panics and crashes: the ‘Pit’ refers to the trading pit; the ‘Pendulum’ to how traders’ emotions swing back and forth.

31 May 2015
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The Pit & The Pendulum: Part II

Ranging from the Dutch tulip bubble of 1637 to Mexico’s Peso crisis of 1994, Part II also explores various manias and panics in 19th century America, including in railroads, land and mines.

31 May 2015