Why private credit is creating major concerns among economists

Investors and economists are warning about a piece of the financial system that could pose a risk that is potentially similar in ways to the housing crash that preceded the financial crisis in 2008. It’s part of what's been called the shadow banking system: the private credit market, an alternative type of lending to companies that doesn't involve traditional banks. Paul Solman explains. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy