MINSKY'S NEXT MOMENT

BANZAI7 NEWS--Is it time to start pondering Uncle Sam's coming Minsky moment?

"A Minsky moment is the point in a credit cycle or business cycle when investors have cash flow problems due to spiraling debt they have incurred in order to finance speculative investments. At this point, a major sell off begins due to the fact that no counterparty can be found to bid at the high asking prices previously quoted, leading to a sudden and precipitous collapse in market clearing asset prices and a sharp drop in market liquidity."
(Source: Wikipedia)

Time to break out Minsky's paper again. Hmmm, haven't read it since Spring 2008.


MINSKY: FINANCIAL INSTABILITY HYPOTHESIS



SPINNING BUBBLES
(Spinning Wheel, Blood, Sweat & Tears)
WilliamBAnzai7

What goes up must come down
Bloated asset bubbles got to spin around
Talking about coming trouble it's a crying sin
Ride a leveraged pony
Let the asset bubbles spin

You got lots of paper profits, and you, you got a paper profit home
Spinning asset bubbles, get your broker on the phone
Forget about your troubles and you, you never learn
Ride a leveraged pony
let the spinning markets burn

Did you find a directing sign
on the old subprime highway?
Would you mind a financial reflecting sign
Just let it shine within your mind
And show you the colors that are real

Minsky's next moment is waiting just for you
Ponzi finance scheming is spinning true
Drop all your troubles, by the river side
Catch a leveraged pony
On the spinning asset bubble ride

Something is waiting just for you
Ponzi finance wheel is spinning true
Drop all your troubles, by the river side
Ride a leveraged pony
Let the asset bubbles fly