Do you know about the Minsky moment?

While enjoying long-awaited global economic growth, some caution and prudence might be the best protection against bad surprises

It is when everybody in the business community is dancing in the streets that it might sometimes be a good moment to step back and have a second look.

There is of course no denying that the global economy as a whole never had it so good in the last twelve years with the US, the European Union or EU area, China, and Japan registering comfortable growth rates. In most of these economic regions, investment and domestic consumption are lifting the economy, manufacturing activity and business confidence are at levels not seen since a long time, and stock markets are in