Monday, October 21, 2019

Quote of the Day

Hold this quote close as you consider the messaging herein of late regarding the under-the-surface pressures we're seeing, particularly in the corporate debt market, and as the equity market meanders its way further into history's longest expansion:
"Stability leads to instability. The more stable things become and the longer things are stable, the more unstable they will be when the crisis hits."     
Hyman Minsky

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