2min chapter

Forward Guidance cover image

Everything You Need To Know About The Fed’s Meeting | Danielle DiMartino Booth

Forward Guidance

CHAPTER

Private Markets - What's Next Shoot or Drop?

Private credit is a $1.4 trillion industry that is 68% owned by US public pensions. The nonbank financial system at the end of 2020, according to the World Bank, IMF somebody, was $220 trillion in size. We cannot have these private holdings mark to market. It will be the end of the world as we know it.

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