Private Credit Crisis: Lessons from 1929 and the U.S. Economy's 'Cockroach' Problem
TL;DR Summary
The US economy is experiencing a 'cockroach' problem with the rise of private credit firms, which have grown to a $2 trillion market by offering risky loans, raising concerns reminiscent of the 2008 financial crisis.
- Unpacking The U.S. Economy’s ‘Cockroach’ Problem NPR
- Opinion | A Private-Credit Winter Is Coming The Wall Street Journal
- Opinion | How Bad Is Finance’s Cockroach Problem? We Are About to Find Out. The New York Times
- Deregulation will pour extra fuel on the private credit bonfire Financial Times
- How Bad Could the Private-Credit Crisis Get? Just Look at 1929. Barron's
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