by Lance Roberts
Real Investment Advice
Neel Kashkari, in a recent CNBC interview, said, “I don’t see any moral hazard here“ when asked if the Fed’s massive liquidity injections have blown a bubble.
What exactly is the definition of “moral hazard.”
Noun – ECONOMICS
The lack of incentive to guard against risk where one is protected from its consequences, e.g., by insurance.
Take a look at the following chart.