Richard Berner on Growth of the Private Credit and the Role of Fiscal Dominance on Treasury Markets скачать в хорошем качестве

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

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 (https://www.mercatus.org/macro-musing...) for this week's episode, now with links. Recorded on January 7th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus (https://macroeconomicpolicynexus.subs...) Follow David Beckworth on X: @DavidBeckworth (  / davidbeckworth  ) Follow the show on X: @Macro_Musings (  / macro_musings  ) Check out our Macro Musings merch! (https://www.bonfire.com/store/mercatu...) Subscribe (   / @beckworthdavid  ) to David's new BTS YouTube Channel 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