Ponzi financeFinancial Markets HistoryBorrowing where income does not cover even interest; depends on rising asset prices to refinance.Learn about this termUnit 12: credit cycles instabilityFinancial Markets HistoryRelated TermsHedge financeBorrowing where income covers both interest and principal; t...Speculative financeBorrowing where income covers interest but principal must be...Minsky momentThe point at which excess speculation leads to asset price c...