Expert warns of $2 trillion financial markets 'zombie treadmill' crash

Private Credit Boom Sparks Fears of a 2 Trillion Dollar Zombie Treadmill Meltdown

Private Credit Boom Sparks Fears of a $2 Trillion Time Bomb The private credit market has ballooned over the past decade, but not everyone’s celebrating. Some experts—like Clem Chambers, CEO of Online Blockchain—see eerie parallels to the kind of risky lending that triggered the 2008 crash. In a recent interview, he didn’t mince words: this could be a “zombie treadmill to meltdown.” Private credit sounds like an old, established part of finance.…

Expert warns of $2 trillion financial markets 'zombie treadmill' crash

A part of the financial market is showing significant warning signs, with worries increasing over a possible $2 trillion collapse caused by the rapid growth of private credit.  Specifically, Clem Chambers, CEO of Online Blockchain believes this sector resembles the conditions that led to the 2008 financial crisis, describing the private credit boom as a “zombie treadmill to meltdown,” he said in an interview with David Lin published on June 18. …