financial system
2 statements across 2 episodes · 1 bullish · 1 bearish · 2 people on the record · first statement Jul 23, 2018 by Manny Friedman · across every show →
Everything said about financial system, oldest first
Jul 23, 2018 negative
Friedman: Unknowable macro shocks pose the greatest financial system risk
“To me the biggest risk of the financial system is that gigantic macro unknown, and therefore it's an unknown, and we don't even know what it is, and so that is always what fools everybody, and it's that, that massive non-linear effect that takes place.”
Jul 25, 2022 positive
Friedman: Private credit makes the financial system safer than before 2008
“The nice thing in the private markets right now is you don't have as many critical players in terms of being in a position To take down the economy or threaten the liquidity of the whole financial system. As long as the banks are forced into a more conservativ…”