The Real Risk Is Hidden Interconnection

It's fueling the A.I. bubble, it's coming to your retirement portfolio—and it's flashing a lot of warning signs right now.

In the wake of the 2008 financial crisis, private credit or “shadow banking” grew as an alternative to the regulations and shared risk that institutional banks operate within. What happens if a crisis hits the trillions of dollars that are outside of those guardrails? We may be about to find out. 

Guest: Tracy Alloway, co-host of Bloomberg's Odd Lots podcast.

https://slate.com/podcasts/what-next-tbd

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