Podcast: Private credit in the shadows

Plus: Baseball is back ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Welcome to the Saturday edition of Businessweek Daily, featuring the Everybody's Business podcast. Let us know what you think by emailing the editor. If this newsletter was forwarded to you, click here to sign up. What's worth $1.8 trillion, is deeply intertwined with the software business, small banks and cockroaches, is veiled in mystery, and could take down the US economy? Private credit! The mysterious, mammoth lending industry—which is now bigger than the entire junk bond market—has been the cause of major concern since late last year, when it began showing signs of distress. JPMorgan Chase & Co. CEO Jamie Dimon added to the panic in October, comparing the failure of subprime auto lender Tricolor Holdings to seeing a cockroach: "When you see one cockroach, there's probably more." This week on Everybody's Business, Stacey Vanek Smith and Max Chafkin are joined by Odd Lots co-host Tracy Alloway to talk private credit. Does she think we're all doomed? Plus, business of sports reporter Randall Williams joins the show to talk about Major League Baseball's big comeback, including pitching clocks, bigger bases and the phenomenon that is Shohei Ohtani. Listen and subscribe on Apple, Spotify, iHeart and the Bloomberg Terminal. Play Alphadots! Our daily word puzzle with a plot twist. Today's clue: Balance sheet? Play now! We're improving your newsletter experience and we'd love your feedback. If something looks off, help us fine-tune your experience by reporting it here. Follow us You received this message because you are subscribed to Bloomberg's Businessweek Daily newsletter. If a friend forwarded you this message, sign up here to get it in your inbox. Unsubscribe Bloomberg.com Contact Us Bloomberg L.P. 731 Lexington Avenue New York, NY 10022 |