Nomura Fears 'Collateral' Damage From The QE-to-QT Transition

Poster Comment:

MINSKY MOMENT IS BAD STUFF. THE MINSKY MOMENT IS DEFINED AS THE POINT WHERE INVESTORS (WITH LEVERAGE)HAVE TO SELL THE GOOD STUFF TO PAY FOR THE BAD. EXAMPLE, SOMEONE WHO OWNS GOLD BARS BUT HAS BORROWED MONEY IN A STOCK THAT WENT SOUTH SO HE HAS TO SELL HIS GOLD TO PAY OFF HIS BROKERAGE LOANS ON HIS STOCK.