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Private Credit: The New Junk Bond Market
Private Credit: The New Junk Bond Market
Authored by Ed Dowd via Beyond the Narrative,
Private Credit: The New Junk Bond Market...Except It Lacks Transparency, Liquidity & Is About To Be Stress Tested
History
Private credit was born from the ashes of the Great Financial Crisis. In the aftermath of that debacle, regulators moved to limit the risks banks could take. Loans deemed too risky were no longer being originated by commercial banks. To fill that void, non-bank lenders stepped in, creating what is known as private debt or direct lending market. You...
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Crowd Burns Ebola Treatment Center In Congo Amid Dispute Over Body
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Authored by Zachary Stieber via The Epoch Times,
People set fire to an Ebola treatment center in a town at the heart of the outbreak in eastern Congo on May 21 after being stopped from retrieving the body of a local man, witnesses and police said.
“The police intervened to try to calm the situation, but unfortunately they were unsuccessful,” Alexis Burata, a local student who said he was in the area, told The Associated Press.
“The young people ended up setting...
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