The private credit boom
Non-bank debt is growing quickly, and without a lot of oversight
Unhedged · Financial Times & Pushkin Industries
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Show Notes
As regulators continue to worry about big and small banks, a lot of midsized companies are turning to private credit for loans. These loans are issued at floating interest rates, can be hard to value, and are one of the fastest growing asset classes. Today on the show, we ask: What could go wrong? We also go long the soldier who crossed into North Korea, and short the Economics Job Market Rumors forum.
Links:
No, private credit markets aren’t really that big
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