The private credit crunch raises new questions about risk #privatecredit #shorts #credit #markets

What I regard as the bigger risk right now is not so much financial stability, it's more macroeconomic. Uh that is how much leverage is there totally in the system. We know there's leverage by the companies that are borrowing uh from the private credit funds.But are the investor how to what degree are the investors in the private credit funds also borrowing. To what degree are the private credit funds themselves borrowing. Um and once you you know you really need to have that sense of how much leverage is t ...