Risks Facing China Now That Its Minsky Moment Has Begun

Contributing sentiments towards policy:

62% : I write about how psychology impacts financial and economic behaviorChina's Minsky moment has arrived, a decade after the country chose to pursue policies that Minsky warned would make its financial system fragile and its economy unstable.
62% : It is noteworthy that most of the key factors which underpinned Japan's high growth rate during the 1980s persisted into the 1990s: a high savings rate, government support of industry, the competitiveness of its industries.
44% : Minsky's analysis of what happens after the bursting of the bubble focuses on governments using public sector spending to try to stabilize the economy, keeping interest rates low to encourage spending and provide jobs, saving financial firms that are too big to fail, and going after large corporations.

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