Blog: China's Minsky Moment? Would a Minsky Moment in China spread to the rest of the world making Global Financial Crisis 2, or would it remain local?
Newsletter: From Fragile to Turbulent - But "Minsky Moment" risks have passed The shift in the Market Uncertainty State Indicator (MUSI) from Fragile to Turbulent requires commentary this month. First, what the change in market state means, and second, why it happened. Fragile vs. Turbulent A shock can break a Fragile market. A Turbulent market will bend chaotically, but not break. Both