Not yet America’s Minsky Moment

Economics Reports

Not yet America’s Minsky Moment

The thing about Hyman Minsky is that, by definition, nobody really expects his eponymous “Moment” until it happens. The American economist is famed for having modelled systems that appear to be a bastion of stability until they suddenly aren’t, a theoretical development that then became all too real in the 2008 financial crisis. Now many are wondering if a mounting pile of government debt risks triggering a plunge in US Treasuries and the US dollar, citing widening term premia in the former, and the slippage in the latter in recent weeks as a signpost of trouble ahead.

Read more in the detailed report below.

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