Blog: Is Private Credit the New Sub-Prime?
High leverage and market uncertainty are an explosive combination.
Topic
Financial Instability
A collection of 61 issues
Blog: What Could Prick the AI Bubble?
The return of the "burn rate" is an ominous sign.
The Fractal Market Hypothesis and Gambling - MUSI Shifts to Fragile
If the line blurs between investing and gambling, bad things can happen.
Blog: Tipping Point or False Alarm?
Are the markets weary, or is this just another false alarm?
Blog: The Government Shutdown and Market Models
For FMCR there isn't a problem. But that may not be true for everybody.
Blog: Welcome to the "Pavlov's Dog" Market
Markets are conditioned to buy the rate cut, but is that a good idea?
Blog: Uncertainty + Tariffs = Stagflation?
Inflation or employment. Which path will the Fed take?
Blog: AI Bubble - Are we there yet?
Bubble conditions are here. But risk sentiment is positive.
Blog: Are Stablecoins and DeFi taking us "Back to the Future?"
The decentralized US banking system in 19th century illustrates risks.
Blog: Complacency, Acquiescence and Low Uncertainty
Low risk may not mean low uncertainty.