(Bloomberg) — The mere mention of a “Minsky moment” — a sudden crash of debt-addicted markets and economies — is enough to make policymakers shudder. The theory stems from the work of Hyman Minsky, an American economist who specialized in how excessive borrowing fuels financial instability. Record debt around the world, coupled with skyrocketing valuations in financial markets, have kept Minsky’s theory prominent, Dr.

This post ‘Minsky Moment’ Hangs Over the World Swimming in Debt: QuickTake Q&A

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