A Chinese “Minsky Moment??!!” Global Markets Shudder
October 19, 2017 at 10:58 AM EDT
The head of China’s central bank warned overnight that its markets faced a potential “Minsky moment” and equity markets around the globe are lower while Treasury yields are lower in a flight to quality. “When there are too many pro-cyclical factors in an economy, cyclical fluctuations will be amplified,” said Zhao Xiaochuan, the governor of […]