Financial System Evolution
Hugh shares insights on the evolving landscape of the financial sector, emphasizing the trend of risk retrenching and specialization within the system. Joe agrees, noting that the post-financial crisis changes have likely enhanced overall stability, particularly in how risk is allocated. Both highlight the emergence of mid-market lending as a safer avenue, while acknowledging the potential for unseen risks in the current framework.In this clip
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Odd Lots
How Banks and Private Credit Became the Best of Frenemies
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