[Marxism] A Minsky moment?

[Louis Proyect <lnp3@xxxxxxxxx>]

Are We at The Peak of a Minsky Credit Cycle?
Nouriel Roubini | Jul 30, 2007

It is always risky to call an equity market peak and the beginning of a 
bear market in equities; so I will not try to do that. But leaving aside 
equity valuations, it increasingly looks like we are at the peak of a 
credit/debt cycle, in the US and globally.

Specifically, the crucial macro question that we should ask ourselves 
today is whether we are at the peak of a Minsky Credit Cycle. Or as the 
UBS economist George Magnus – an expert of financial instability - put 
it: “Have we reached a Minsky moment?”

full: http://www.rgemonitor.com/blog/roubini/208166

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