The Black Hole of Private Credit That's Swallowing the Economy
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 2 September 2024
⏱️ 58 minutes
🧾️ Download transcript
Summary
There's been a lot of talk about private credit in recent years. The market has exploded in size, and there are worries that it could be a bubble that eventually bursts and sparks disaster. But there are other negative effects from private credit that might already be happening. In a new paper called "The Credit Markets Go Dark," co-authors Harvard Law School professor Jared Ellias and Duke University School of Law professor Elisabeth de Fontenay argue that the $1.5 trillion market for private credit is already having a big impact on the economy — and not in a good way. They say that the rise of private credit marks a seismic change for corporate governance and dynamism.
Read More:
Odd Lots Newsletter: The Black Hole of Private Credit
Private Credit Pushes Deeper Into Risk That Wall Street Is Fleeing
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| 1:05.0 | Podcasts, Radio News. |
| 1:25.0 | Hello and welcome to another episode of the Odd Lots podcast I'm Joe Wiesenthall. Joe, do you remember reading headlines like the incredible shrinking stock market? |
| 1:32.0 | Yes, I forgot about that whole period. |
| 1:35.3 | A lot in the 2010s in which there were not a lot of new IPOs, |
| 1:40.2 | companies that were waiting longer in their life cycle to go public. |
| 1:44.4 | It's kind of crazy, you know, now you have these multi-billion dollar companies |
| 1:49.4 | that are still private and then you like look at like, you you know when Microsoft and Apple and all |
| 1:54.7 | those went public and it was like no one knew anything about them when they first |
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