The Black Hole of Private Credit That's Swallowing the Economy | Odd Lots

There's been a lot of talk about private credit in recent years. The market has exploded in size, and there are worries that it could be a bubble that eventually bursts and sparks disaster. But there are other negative effects from private credit that might already be happening. In a new paper called "The Credit Markets Go Dark ()," coauthors Harvard Law School professor Jared Ellias and Duke University School of Law professor Elisabeth de Fontenay argue that the $1.5 trillion market for private credit is already having a big impact on the economy and not in a good way. They say that the rise of private credit marks a seismic change for corporate governance and dynamism.

Read More:

Odd Lots NewsletterThe Black Hole of Private Credit ()

Private Credit Pushes Deeper Into Risk That Wall Street Is Fleeing ()

Only Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at bloomberg.com/subscriptions/oddlots ()

See omnystudio.com/listener () for privacy information.

Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Monday and Thursday for interviews with the most interesting minds in finance, economics and markets.

Subscribe to Bloomberg Podcasts

Check out more Odd Lots

Get the Odd Lots newsletter via

And for all things Odd Lots, visit

Visit our other YouTube channels:

Bloomberg Television

Bloomberg Originals

#Bloomberg #Podcast #OddLots

Follow Bloomberg Podcasts on Twitter

For coverage on news, markets and more