Calm Before Minsky? – China Plays Fiddle – Bonds Unimpressed
18Jul2025
Tariff troubles left stock markets unmoved, and another Trump U-turn buoyed Chinese equities. The relative calm is worrying some analysts, but the foundation leads all the way back to 1987 as we explain. Hyman Minsky warned what happens next, stability breeds instability, and government bond markets are signaling that all isn’t as well as the current equity market calm implies, as you will see. READ ON.
By Brian Dennehy
Access Level | public
Market commentary