The Black Hole of Private Credit That's Swallowing the Economy | Odd Lots

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 (https://papers.ssrn.com/sol3/papers.c...," 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 (https://bloom.bg/3TczJQt)
Private Credit Pushes Deeper Into Risk That Wall Street Is Fleeing (https://bloom.bg/3XoulvX)

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