Bubble Encyclopedia
History doesn't repeat itself, but it often rhymes. Study the bubbles of the past to recognize the patterns of the future.
Historical Bubble Timeline
Major market bubbles throughout history. Colors indicate bubble phases: stealth, awareness, mania, blow-off, and crash. Click on any bubble to view its full case study.
Stealth
Awareness
Mania
Blow-off
Crash
19101920193019401950196019701980199020002010202020302040
2026
Featured Case Studies
Browse by Category
Cryptocurrency2 bubbles
Finance2 bubbles
Other5 bubbles
Other
2019 - 2023Rare Whisky Bubble (2010s–2020s)
2010s growth, peak around 2019–2021, softening by 2023
Other
2017 - 2017Initial Coin Offering (ICO) Bubble (2017)
2017 (peak at end of 2017)
Other
2000 - 2008Icelandic Financial Bubble (2003–2008)
Early-to-mid 2000s (crashed in 2008)
Other
1998 - 1998Beanie Babies Mania (1990s)
1995–1999 (peak around 1998)
Other
1989 - 1989Japan Asset Price Bubble (1980s)
1985–1992 (peak in 1989)
Technology3 bubbles
Real Estate7 bubbles
Real Estate
2010 - 2010China Housing Bubble (2010s)
2000s through 2010s (intensified post-2008, signs of peak by late 2010s)
Real Estate
2008 - 2008Dubai Real Estate Bubble (2002–2008)
Early 2000s (peak in 2008)
Real Estate
2007 - 2008Ireland Housing Bubble (2000s)
Mid-1990s to 2007 (peak 2007, crash 2008-2010)
Real Estate
2007 - 2007Spain Housing Bubble (1997–2008)
Late 1990s to 2007 (peak 2007)
Real Estate
2006 - 2012US Housing Bubble (2008)
When "home prices never fall nationally" became consensus
Real Estate
2006 - 2007U.S. Housing Bubble (2000s)
Early 2000s to 2006 (peak 2006, crash in 2007-2008)
Real Estate
1920 - 1926Florida Land Boom (1920s)
Early 1920s to 1926
Commodities4 bubbles
See the Pattern
Bubbles have occurred throughout history with remarkable regularity. Each generation believes it's different, yet the pattern persists.