Keating's Minsky prediction rings true

By Vesna Poljak
Updated November 19 2017 - 11:03pm, first published 6:21pm
Keating's Minsky prediction rings true
Keating's Minsky prediction rings true
Keating's Minsky prediction rings true
Keating's Minsky prediction rings true
SYDNEY, AUSTRALIA - SEPTEMBER 23: ?? Saul Eslake Economist speaks on a roundtable at Australia Financial Review Tax Reform Summit on September 23, 2015 in Sydney, Australia. ?? (Photo by Christopher Pearce/AFR)

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SYDNEY, AUSTRALIA - SEPTEMBER 23: ?? Saul Eslake Economist speaks on a roundtable at Australia Financial Review Tax Reform Summit on September 23, 2015 in Sydney, Australia. ?? (Photo by Christopher Pearce/AFR) _DSC8320.jpg
Former Prime Minister Paul Keating delivers a speech at the Hearts and Minds conference at the Sydney Opera House November 17, 2017 in Sydney, Australia.  (Photo by Daniel Munoz/Fairfax Media)
Former Prime Minister Paul Keating delivers a speech at the Hearts and Minds conference at the Sydney Opera House November 17, 2017 in Sydney, Australia. (Photo by Daniel Munoz/Fairfax Media)

Former prime minister Paul Keating's prediction that the bull market can be pierced by a "Minsky moment"-style collapse has an element of truth, economists agree, but will be almost impossible to avert.

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