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El-Erian: China’s ‘Minsky Moment’ Will Be Different

"...the Minsky threat of a financial crisis per se is lower than the risk of generalized downward pressures on economic growth should the policy effort falter."

"...the Minsky threat of a financial crisis per se is lower than the risk of generalized downward pressures on economic growth should the policy effort falter."
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1 comment on “El-Erian: China’s ‘Minsky Moment’ Will Be Different

  1. El- Erian said……..Simply put, it takes China too many units of debt to generate a unit of growth. The longer this continues, the greater the doubts as to whether the incremental income generated in the future will prove sufficient to meet the ballooning debt service obligations.

    If that doesn’t lead to a Minsky moment. I don’t know what will.

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