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.
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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/