AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Navigating Economic Complexity
This chapter explores the intricacies of private credit markets, focusing on the transparent risks associated with lax lending standards and the challenges faced by the new Treasury Secretary in managing rising Treasury debt. It highlights the critical balance between short-term bill issuance and financial system liquidity, alongside the implications of slowing liquidity and potential contraction cycles. Additionally, the discussion addresses market volatility, the reliability of liquidity measures, and the influence of investor leverage on market dynamics.