RE: 89p breached!31 Oct 2025 11:17
Harleygreen " have to agree re LLOY expectations.. Extraordinary Debt levels , personal debt is very high. The government is shocking, inflation is high , stock mkt at all time highs? There are warnings out there.
Stock mkt record high and tariffs...hmmm.. sounds like the pre cursor to the great depression."
The global shadow banking system, which includes things like private credit and private equity lending, is now much bigger than the U.S. subprime mortgage market ever was before the 2008 financial crisis.
Back in 2006, risky “subprime” home loans in the U.S. added up to about $1.4 trillion, and all U.S. home mortgages together were worth about $9.9 trillion.
Today, the shadow banking system, basically financial activity that happens outside traditional banks, controls around $239 trillion in assets almost half of all the money in the global financial system.
Within that, the private credit market, where private equity firms lend money instead of banks, has grown to about $3 trillion worldwide, with the broader U.S. shadow banking market close to $4 trillion.
DYOR