Updated about 8 years ago on . Most recent reply
Are we approaching a Minsky Moment?
This was posted by a respected member on the reddit real estate investing sub:
https://www.reddit.com/r/realestateinvesting/comme...
https://www.mauldineconomics.com/frontlinethoughts...
One of the comments describes the "Minsky Moment", basically a collapse in asset value due to excessive loans being taken out, similar to the 2008 GFC.
"That being said, I feel like we’re going to be coming up on another Minsky Moment in the near to moderate future. Considering the fact that household debt levels are coming back to 2006-7 levels and retail is in the process of going down the drain, I think we’re going to see a reckoning in R/E and associated securities."
Interesting read.