While folks fall all over each other to claim private credit losses will be a systemic crisis, the losses math just doesn't work out. And importantly, the vast majority of the risk is held by unlevered investors vs 30:1 levered banks back in '08.
Bob Elliott
@BobEUnlimited
03-12
In the most extreme scenario (say 25% losses on the whole 1.3tln industry in the US), the losses on private credit will be less than a 1 day standard deviation in the US stock market.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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