Today, like 2007, the economic zeitgeist is marked by a palpable sense of significant headwinds and the uneasy feeling of oncoming disaster. True, the uncertainty and potential risks driving this sense of doom now are very different from the circumstances that existed then, but every cycle always brings a unique set of challenges and a distinctive narrative as to why markets overshot and why they are bound to revert to the mean.
Countdown to Minsky Moment
Countdown to Minsky Moment
Countdown to Minsky Moment
Today, like 2007, the economic zeitgeist is marked by a palpable sense of significant headwinds and the uneasy feeling of oncoming disaster. True, the uncertainty and potential risks driving this sense of doom now are very different from the circumstances that existed then, but every cycle always brings a unique set of challenges and a distinctive narrative as to why markets overshot and why they are bound to revert to the mean.