Growing Risk In Private Credit And Shadow Banks Submitted by Brent Johnson of Macro Alchemist (read it here in pdf format) The transformation of banking and financial services away from traditional public markets and the banking system itself has been dramatic since the Global Financial Crisis (GFC) of 2008. This shift has reshaped the financial landscape, as more activities that were once dominated by banks and public markets have moved into private and non-bank financial sectors. In 2008, when the GFC struck, the financial world experienced a severe breakdown. Banks, which had been the backbone of lending and liquidity, stopped… — Continue at ZeroHedge News : Read More
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