Companies of all types have used them as a way to allow their workers to socialize and avoid turnover.
The private credit market has grown fivefold since the 2008 financial crisis, according to the Federal Reserve, and now sits somewhere near the $2 trillion-mark globally. In the last couple weeks, though, the market has gone a bit sideways.
Several of them were responsible for the 2008 financial crisis.
The winners: former Fed Chair Ben Bernanke, Douglas Diamond of the University of Chicago and Philip Dybvig of Washington University.
A Columbia Business School professor explains quantitative easing and the Feds’ $120 billion per month bond-buying program with an analogy.
That authority was curbed during the 2008 financial crisis. Some are arguing that power should be returned.
“Credit is the mother’s milk of economic activity,” said one analyst.
On Wall Street’s most turbulent since the COVID-19 outbreak, a Harvard economist explains what’s going on.
But that may not be signaling that the economic damage from the coronavirus will be as bad as the Great Recession.
Reforms after the financial crisis haven’t brought dramatic change.
