Current Crisis Predicted in 1986
Hyman Minsky was an economist who developed a theory about financial markets that seems to nearly perfectly describe the path of this crisis.
Hyman Minsky was an economist who developed a theory about financial markets that seems to nearly perfectly describe the path of this crisis.
One of our primary jobs is assessing mutual fund managers to look for those who can provide good results. Given the current onslaught of news and opinions on the economy and the markets, we thought it would be helpful for you to hear from a few of your funds’ managers.
When there is snow on the ground, you can’t see the bulbs that will bloom in the spring. But you’ve seen the flowers before and know that they will bloom again.
News items from the 1974 recession are strikingly similar to today’s headlines. So we thought it would be helpful to take a look at stock market results for the 10 years before the depths of that recession, and 10 years following.
We are in the midst of the worst crisis of confidence in our financial system since the 1930s. In a very real sense, currency is based upon trust between people, so this means that we are not trusting each other. The fault and blame is clearly not limited to any one group.