VECKA 42
Tisdag
19
Oktober
BT-annons
2021-08-12

Glöm Minsky och Black Swans

Bob Hoye om Minsky och Black Swans.

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“BLACK SWANS?”  “MINSKY MOMENTS?
“Those who analyze major financial setbacks as policy errors or random accidents, have described them as “Minsky Moments” or “Black Swans.” A review of the greatest crashes in history concludes that they have been set up by speculative excess, which is technically measurable. On the stock markets part of a bubble, the peak has been anticipated by distinct changes in credit spreads and the yield curve. On all six examples since the first in 1720, there has been a reliable seasonal component. Forget “Minsky” and “Black Swans”,  this is central bankers discovering a “Get me out!” moment.
Bob Hoye, “Trouble in Bond Land”

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