Worldcrunch
A week of record highs flipped to panic with new China tariff talk, exposing fragile nerves as experts warn that a fast growing $2.2 trillion private credit market with light oversight, risky PIK structures, and bank and insurer exposure could turn the next shock into a chain reaction.
The global economy is doing wonderfully well. And yet, its key players are wary. Why? Because for all the good news about GDP growth, there are signs of deepening divisions in society, and a sense that for many people around the world, life will be harder for their children than it has been for themselves. […]