Why the US can't escape Minsky

The US economy has come through its recent 'Minsky moment' but now it's back at the beginning of another Minsky cycle, with debt growing at around twice the pace of real GDP.

My call a few weeks ago that the global financial crisis is over was very much an Anglo-centric one, and a US-centric one in particular (Closing the door on the GFC, March 10).

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