明斯基时刻

程志宇说，这听起来很可怕，但它是否会引发“明斯基时刻”（Minskymoment）式的事件还不好说。

It sounds scary , but it may or may not lead to a " Minsky moment " event , Chovanec said .

明斯基时刻（minskymoment）市场繁荣与衰退之间的转折点的强大基础主题是，金融系统的系统性问题需要系统性的解决办法。

The strong theme underlying the Minsky moment the tipping point between market euphoria and decline is that a systemic problem in the financial system requires a systemic solution .

也许这终究不是一个明斯基时刻。

Maybe this is not a Minsky moment after all .

现在我们都知道什么是“明斯基时刻”那就是金融狂热转变为恐慌的那一刻。

We all now know of the " Minsky moment " the point at which a financial mania turns into panic .

中国若遭遇“明斯基时刻”，将打击全球增长和资源市场，冲击有关人民币稳步升值的共识。

A Chinese Minsky moment would hit global growth and resource markets , and shock the consensus about steady appreciation of the renminbi .

这可能在短期提振资产价格和增长，但加大了这样一种可能性：新领导层将不得不去应对信贷推动的“明斯基时刻”。

This might boost asset price and growth in the short term , but increase the likelihood the new leadership will have to deal with a credit-fuelled Minsky moment .