Minsky and Volatility
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Fan Ho In Paris 1953 According to Hyman Minsky, economic stability is not only inevitably followed by instability, it inevitably creates it. Co
[See the full post at: Minsky and Volatility]As long as money making money takes precedence over creating wealth, it’s an inevitable process of humans wanting something for nothing (h/t Kunstler).
The S&P is a bloated corpse increasingly filling up with gases that will eventually cause it to explode, with guts and blood and body parts and fluids flying all around.
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Lovely imagery… 😉
I for one, cannot, for the life of me, imagine how that will affect my life here; or my sister’s life stateside.
But I do have a gnawing feeling nobody will escape unscathed; even the wealthy. The ghosts of 1929 seem to be drifting about…
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