Minksy also "identified three types of borrowers that contribute to the accumulation of insolvent debt: hedge borrowers, speculative borrowers, and Ponzi borrowers." -https://en.wikipedia.org/wiki/Hyman_Minsky#Minsky's_financia...

As the amount of the third type, the ponzi borrowers, grows it is more and more indicative of an impending Minsky Moment.

https://www.cnbc.com/2020/02/11/ponzi-schemes-hit-the-highes...