Loop gain — the series
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What is left at crossover
A feedback loop is stable or not according to one number read at one frequency — how much phase remains before −180° at the point where the loop gain passes unity. The loop gain here is obtained the way it is obtained on a bench: cut the loop, drive one side of the cut, and measure what comes back to the other.
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Stable, and unstable with less gain
A three-pole loop with two lead sections is stable for gains between 1.81 × 10⁶ and 3.36 × 10⁷ and unstable on both sides of that window. Turning its gain *down* is what breaks it. Neither margin can see this, because a phase margin describes the loop at one frequency and a gain margin at one other, and this loop's phase crosses −180° at three: 189 Hz, 3.46 kHz and 23.5 kHz.
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The loop that never crosses
Every loop this field draws carries two margins, and one of them is not always a number. Take the third pole out of the standard loop and its crossover moves by 2.45 parts per million and its phase margin by 0.164 degrees — the third pole's own arctangent there, to five decimal places — while its gain margin goes from 46.06 decibels to no number at all. The phase reaches −180° only where the magnitude has already reached −62 decibels, and the two instruments that are supposed to notice report 3.19 × 10⁻⁶ either way.