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The private credit boom

Unhedged

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Should We Worry About Private Credit?

When a thing grows a lot in finance, people worry. I think there are some reasons you can imagine to be extra worried about private credit. This is a sector of finance that at least at its current scale has not been tested by a major crisis,. We don't know how this fares when people are really starting to sweat and there's real stress in the system.

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