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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: hclasvegas 🐝  😊 😞
Number: of 12675 
Subject: Private Credit, is this Buffett' concern?
Date: 11/02/2024 7:39 PM
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" In his annual letter, the JPMorgan Chase boss tore into the private credit industry, warning that the business loans made by lightly regulated private funds will implode when the credit funds’ opaque valuations and illiquidity meet the economy’s next downturn.

“When the shit hits the fan—and it will one day, we don’t know when—there will be a lot of stranded borrowers,” Dimon told a May investor conference, “because some of these people simply cannot roll over loans like we would.”

Barrons,

https://www.barrons.com/articles/banks-alternative...
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