It is the 22nd of October 2019

News

El-Erian: "All This Could Lead To Some Unpleasant Market Outcomes"

Stability breeds instability – this was economist Hyman Minsky‘s lasting contribution to the craft.  The Minsky Moment , popularized during the 07-09 US housing crisis, basically suggests breeding animal spirits too long creates systemic problems. Essentially, the ongoing rises in asset prices creates the sense of a new paradigm, that the elevated activity was safe, and home prices couldn’t fall.. that didn't end well.

Read More

Featured Apps