Why the financial models don't work 

For the four people who are interested, I had a theory a few years back on "bifurcating debt-created normal curves", where towards the end of any Ponzi-like (Hyman Minsky-style) debt-created bubble, the expected returns "bifurcate" into two SEPARATE normal curves (either "high positive" or "high negative" (i.e. hyperinflation or strong deflation).  It went nowhere because I was considered insane by those who took the time to listen to me.  Now, it doesn't seem so crazy.  Has anyone seen anything published or reviewed in the academic literature (other than Minsky) that has considered this "bifurcating" dynamic? ====