The cracks in this dark corner of the $1.8 trillion financial markets have clear similarities to the subprime crisis. Liquidity is scarce or even disappearing. The lack of transparency around how assets are valued seems to be fueling investor concerns and leading to funds failing to return capital to investors. This in turn has raised …
Tag: private credit
The subprime monster returns: The American economy is cracking, a new bomb explodes
In a stark warning to markets, Trust Economics warns that a subprime crisis — especially among the lower-income classes in the US — is brewing beneath the surface of a seemingly stable economy and market euphoria. Trust Economics Chief Economist Thanos Chonthrogiannis points out that these cracks in the credit system are significant, but not …