3-19-26 Will The Fed Backstop Exuberance Again?

The private credit market has exploded from under $500 billion a decade ago to $1.2 trillion domestically and $1.7 trillion globally — and stress is building fast. 

Lance Roberts & Michael Lebowitz break down exactly what private credit is, who the major players are, and why rising credit stress could force the Federal Reserve's hand — even if inflation and unemployment don't justify it.

Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Portfolio Manager, Michael Lebowitz, CFA
Produced by Brent Clanton, Executive Producer

0:00 - INTRO
1:02 - Cash & Girl Scout Cookies
2:40 - Meta is No More
5:30 - Markets Sell Off
12:05 - Credit Spreads Matter 
12:57 - No Surprises from the Fed - They're Stuck
16:31 - The Problem with High Oil Prices
17:56 - The Fed Controls Demand
20:44 - Private Credit & The Problem w Buy-now, Pay-later
22:53 - 20-years Since Financial Crisis
24:00 - Paying Premium for Private Credit Illiquidity
26:58 - The Private Credit Bubble
29:13 - Pricing vs Valuation
34:58 - Doom & Gloom Everywhere - be careful what you read
36:17 - Contagion Risk
38:50 - Markets Are in Correction Process
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Articles Mentioned in Today's Show:
"Private Credit Stress: Will The Fed Backstop Exuberance Again?"
https://realinvestmentadvice.com/resources/blog/private-credit-stress-will-the-fed-backstop-excuberance-again/
"USD Stable Coins And The Rebasement Of The US Dollar"
https://realinvestmentadvice.com/resources/blog/usd-stable-coins-and-the-rebasement-of-the-us-dollar/
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The latest installment of our new feature, Before the Bell, "Markets Flail as Rate Cut Hopes Fail" is here: 
https://youtu.be/IOumOUnLKpM
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