Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
"Brazil in Drag": Hyman Minsky on Donald Trump - J. W. Mason
Via Nathan Cedric Tankus, here is a recent JPKE article by Kevin Capehart on a 1990 lecture by Minsky that uses Trump as a case study of asset market bubbles in the 1980s. The lecture is fascinating, and not just as an odd historical artifact.

Here is what Minsky says about Trump:

    One of the puzzles of the 1980s was the rapid rise in the financial wealth of Donald Trump, author of The Art of the Deal... Trump's fortune was made in real estate. Many large fortunes have been made in real estate, since real estate is highly leveraged. Two factors made Trump somewhat unique -- one was the he developed a fortune in the period of high real interest rates, and the second was that the cash flows on most of Trump's properties were negative.

by generic on Wed Feb 27th, 2019 at 01:05:43 PM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Top Diaries

Occasional Series