Should You Be Worrying About Private Credit?
Liquidity mismatches are never a good sign.
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Welcome to the award-winning Money Distilled newsletter. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.
Let’s turn away from the Iran war for now to look at something else that’s been grabbing headlines in financial markets but not really anywhere else (yet): private credit.