Richard Berner on Growth of the Private Credit and the Role of Fiscal Dominance on Treasury Markets copertina

Richard Berner on Growth of the Private Credit and the Role of Fiscal Dominance on Treasury Markets

Richard Berner on Growth of the Private Credit and the Role of Fiscal Dominance on Treasury Markets

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Richard Berner is the former director of the Office of Financial Research and was a counselor of the Treasury Secretary. In Richard's first appearance on the show, he discusses a career that included public service and Wall Street, the fragility of global liquidity, the implications of fiscal dominance, the expansion of private credit, the 2023 SVB banking turmoil, and much more.

Check out the transcript for this week's episode, now with links.

Recorded on January 7th, 2025

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Timestamps

00:00:00 - Intro

00:01:57- Dick's Career

00:07:46 - Fragility of Global Liquidity

00:17:29 - Post-GFC Regulations

00:25:29 - Fiscal Dominance

00:36:23 - Private Credit

00:48:09 - Banking Turmoil of 2023

01:01:149 - Outro

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