What could break next?

The Indicator from Planet Money

NPR

Business

4.7 • 9.2K Ratings

🗓️ 7 August 2023

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Even if there isn't a recession right now, there are still vulnerable spots in the economy that could cause economic pain. Today on the show, we explore why some are concerned about the markets for commercial real estate and private credit.

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Transcript

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0:00.0	This is the Indicator from Planet Money, I'm Darian Woods.
0:14.9	And I'm Whalen Wong.
0:16.3	We have just been loving the good economic news recently.
0:19.6	The Federal Reserve staff is no longer forecasting a recession, GDP is healthy 2.5%, and after
0:25.9	months on the lookout for a possible recession, now it's almost like we can breathe again.
0:31.4	Yes, but don't step down from that economic watchtower just yet.
0:35.6	At the risk of being chicken little, we thought it would be worthwhile to take stock of those
0:40.6	smoldering spots over there in the economy.
0:43.6	You know, these things that could still spell trouble.
0:46.4	Whalen, you and I have both picked topics that we've heard a bit of nervous chatter about.
0:50.5	Yep, we each did a research and we are presenting our findings to each other for the first
0:54.7	time on this episode.
0:56.8	What could break?
0:57.8	That's after the break.
1:02.4	What could break in the economy?
1:03.8	Whalen, what is it and should I be worried?
1:06.2	I'm here to give a little primer on something called the private credit market.
1:10.4	It's kind of weird that I like to think that I know about...
1:14.2	It's like I know what all those words mean in isolation.
1:16.4	Exactly.
1:17.4	But together, not sure.
1:19.4	Well, private credit comes out of the world of leveraged buyouts, and you know, this
	...

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