Must Reading: How a Tokyo Earthquake Could Devastate Wall Street

In 1989, Michael Lewis write an article,How A Tokyo Earthquake Could Devastate Wall Street & The Global Economy.

Hint: It's all about a collapse of the U.S. bond market.

Gus Lubin summarizes the article here, this way:

Basically it goes like this. An earthquake destroys the Tokyo Stock Exchange and all financial records. Shares of Western insurance companies lead a global selloff. Japan liquidates overseas holdings. This causes the U.S. bond to collapse

The article is here: