Do you think we will see a Minsky Moment in the stock market in 2020? Or can printing money out of thin air and giving the money to banks solve any potential issue?
A Minsky Moment refers to a period of distortion in the financial system which invariably ends very badly. Both Vanguard and Guggenheim are suggesting that current market valuations have gone way beyond what is normal and this must correct. They’re not suggesting that we will have another 2008. Rather it seems more likely a 2000 scenario. A time in which the Fed pressed on the pedal for no reason, the market went to the moon and we ended up seeing an industry shredded, investors losing their shirts, mass job losses, and the irrational exuberance took hold, and rolled itself into the ridiculous housing bubble. What a mess.
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Head of the world’s largest hedge fund says report of a massive $1 billion bet that the stock market will tumble by March is wrong – MarketWatch
Why Vanguard’s chief economist says there is an elevated risk of a ‘large drawdown’ in stocks – MarketWatch
As the stock market hits record heights, Guggenheim’s Minerd says we’re near a ‘Minsky moment’ and ‘silly season in risk assets’ – MarketWatch
As the stock market hits record heights, Guggenheim’s Minerd says we’re near a ‘Minsky moment’ and ‘silly season in risk assets’ – MarketWatch
As the stock market hits record heights, Guggenheim’s Minerd says we’re near a ‘Minsky moment’ and ‘silly season in risk assets’ – MarketWatch
Too big to fail? Tech’s decade of scale and impunity | Technology | The Guardian
www.theguardian.com/technology/2019/dec/26/too-big-to-fail-techs-decade-of-scale-and-impunity
Assets: Total Assets: Total Assets (Less Eliminations From Consolidation): Wednesday Level (WALCL) | FRED | St. Louis Fed
fred.stlouisfed.org/series/WALCL
U.S. Government Sets Record for Debt Auctions – WSJ
www.wsj.com/articles/u-s-government-sets-record-for-debt-auctions-11577383080
At each end of Pacific, skepticism over China farm purchases
apnews.com/ebf7a2646dda9371fe2762a5a3f1804f
www.bloomberg.com/news/articles/2019-12-20/repo-oracle-zoltan-pozsar-expects-even-more-turmoil