All articles tagged with #financial accident
JPMorgan Asset's Lebovitz warns of a greater risk of a "financial accident" as bond yields continue to surge at an alarming pace, causing nervousness among bond traders despite Congress's efforts to avert a government shutdown.
Allianz chief economist Ludovic Subran has warned investors to prepare for months of market readjustments, as the threat of a new "financial accident" looms. He referred to economist Hyman Minsky's description of a precipitous drop in asset prices after a build-up of debt, stating that "we have all the ingredients of a so-called Minsky moment." Subran noted that liquidity pools or liquidity crunches are starting to be visible everywhere.