The Man Known as 'Bond King' Says Private Credit Could Cause 'The Next Big Crisis'

Michael M. Santiago / Getty Images Private credit has drawn scrutiny recently for the opacity of its pricing and lending standards. Key Takeaways Jeffrey Gundlach, a bond market veteran, predicted private credit would be the cause of the next financial crisis during a recent podcast appearance. Private credit markets have ballooned since banks tightened lending standards in the wake of the Global Financial Crisis. A credit market veteran known as the "Bond King" has a warning for Wall Street. “The ...