The Risk of a Minsky Moment

Nerele: Nasdaq composite down trailing 12 months, up about 12% year to day. Is this the moment right now where we're going to see a sell-off in risk assets as all of these issues converge? We were there at that sell-off last year, S&P fell 15%. Nasdaq fell 30%. Road-packed venture fell 40%, 50., 60%, and 80%. And even cash gave you a negative return in real terms, given inflation. Nerele: I fear that that's going to get worse. We're headed towards a recession,. We're headed for persistent inflation, we're headed for financial instability and prices.