Rob Smith

Rob Smith, a Financial Times journalist known for his expertise in corporate finance, delves into the $4.5 trillion private credit bubble. He explains how a seemingly mundane Ohio auto parts distributor highlights deep systemic risks in non-bank lending. The discussion reveals the shift of lending to off-balance-sheet structures and how this impacts investors. Smith also uncovers alarming practices in private credit involving opaque financing and community investment networks, painting a picture of financial fragility.