Zoltan Pozsar: Europe is facing a Minsky moment triggered by excessive financial leverage. In Germany, $2 trillion of value added depends on $20 billion of gas from Russia… …that’s 100-times leverage – much more than Lehman’s.” September 1, 2022 9:31 am
Both the Wall Street Journal and Bloomberg have picked up on Zoltan Pozsar’s most recent article, which warns of coming chaos from an accumulation of cash in the Federal Reserve’s reverse repurchase facility (RRP) July 8, 2021 4:27 pm
