Shadow Banking Bubble: Reckless Credit Threatens Financial Stability

Mar 3, 2026

• A credit bubble has inflated in the shadow banking sector, driven by a false belief in "risk-free" high returns.
• Widespread lack of due diligence and outright fraud in private credit mirrors past bubbles, though the underlying assets differ from 2008.
• While not an "end of the world" scenario, its unraveling will cause significant financial and economic damage, impacting an already weak real economy.

Banks Pivot: New Players Shape Financial Landscape

Dec 22, 2025

• Non-bank entities are increasingly dominating business loans.
• Banks now leverage regulatory gaps for lending strategies.
• Bitcoin's price dynamics reveal long-term risks for MicroStrategy.