Attention Economy


Saturday, January 4, 2025

Financial Risks Ahead

Private Credit:
Where the next financial crisis could emerge
https://www.ft.com/content/b75bd032-7395-4ab1-812d-e1ed5ad58aac
As the IMF has warned, the rise and rise of private credit brings systemic risks.

Wall Street is Minting Easy Money from Risky Loans. What Could Go Wrong?
https://www.nytimes.com/2024/12/27/business/wall-st-private-credit-money.html
Everyone from Jamie Dimon to the International Monetary Fund is ringing alarms about the shadowy world of private credit. But the money keeps rolling in. 

Private Credit Is the Hot New Thing, But Its Roots Go Back to 1980s Junk Bonds
https://www.bloomberg.com/news/articles/2023-12-16/private-credit-is-the-hot-new-thing-on-wall-street
Risky debt fueled the rise of private equity firms, and now the buyout barons are doing the lending too. 


Crypto:
As red flags go there can be few more glaring than Trump’s crypto plans
https://www.telegraph.co.uk/business/2025/01/04/trumps-wall-street-accident-waiting-to-happen/
President-elect’s plan to deregulate what is already a wild west asset class carries huge risks.

Crypto’s Unholy Choir
https://www.project-syndicate.org/commentary/crypto-backers-are-rogues-not-freedom-fighters-by-andres-velasco-2025-01
Ever since bitcoin was launched a decade and a half ago, crypto has been a solution in search of a problem. What is new is the chorus of deceivers, demagogues, dictators, and tax dodgers trying to convince us otherwise.
 
Crypto industry dreams of a golden era under Trump
https://www.ft.com/content/af23fffc-e560-42eb-84a0-f25ca8d693c0