# Summit mania (indefictibility illusion)

- Canonical URL: https://www.gerhardmerk.de/summit-mania-indefictibility-illusion
- Post ID: 592847
- Modified: 2023-07-25T21:11:38+00:00
- Language: en

## Definition

In the context of the financial market, this refers to the deceptive idea that the market has reached the highest level of perfection, especially through new instruments, but also through additional regulation, and that crisis developments are thus virtually impossible once and for all. - The study of the causes of the subprime crisis placed such summit delusions at the top of the list. It was widely believed that, primarily through securitization and risk transfer, possible financial crises could be completely ruled out. - See Elizabeth Question. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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