Private Equity -The New Subprime? Global Banks Have Significant Exposure.(maneco64)

A good explanation of the situation from Mario about excessive debt racked up by the Private Equity Groups, and rising defaults. There are a number of different things that can cause an economic crisis at present and this is one of them. The problems unfolding here are likely to increase pressure to lower interest rates. 

[Posted at the SpookyWeather2 blog, October 15, 2024.]