Stocks and Precious Metals Charts - <i>Is This Our Minsky Moment?</i> (opens in new tab)

\"In particular, over a protracted period of good times, capitalist economies tend to move from a financial structure dominated by hedge finance units to a structure in which there is large weight to units engaged in speculative and Ponzi finance\.\" Hyman Minsky, *The Financial Instability Hypothesis* \"Twenty-five years ago, when most economists were extolling the virtues of financial deregulation and innovation, a maverick named Hyman P\. Minsky maintained a more negative view of Wall St...