risk-taking

According to reports, Marko Kolanovic, chief global market strategist at JPMorgan Chase, the turmoil in the US banking industry has made a soft landing of the economy unlikely, and increased the risk of “a Minsk moment in the market and geopolitics.”. Even if the central bank successfully curbed the spread of the crisis, due to pressure from the market and regulatory agencies, the credit environment is bound to tighten more quickly. “Minsky moment” refers to the final stage of excessive risk taking resulting from long-term economic prosperity; A destabilizing event…