Minsky moment

Minsky moment,

Definition of Minsky moment:

  1. Time when a flourishing market and a prospering economy lead consumers to be overly optimistic and borrow beyond their means. The upswing in the market is followed by spiraling debt and consumers who have borrowed too much must sell their good assets to pay their loans or default if they have no assets available to meet their debts. Named after Russian economist Hyman Minsky.

Meaning of Minsky moment & Minsky moment Definition