The Private Credit Time Bomb…

During my recent live stream with Damian Klassen from Nucleus Wealth, we touched on Private Credit and the building risks from this opaque form of lending. It provoked a number of our followers to get in touch about these risks, expressing concerns that the risks in this unregulated area of finance could well pose a problem ahead. The subprime crisis of 2008 demonstrated that opacity, hidden leverage, and underestimated financial linkages can turn into a significant threat to the international financial system. The 2008 crisis was far more serious than the estimated $1.3 trillion in subprime mortgages suggested, because of the […]