It may not be 2007 all over again, but...

Massive leveraged buyouts and an ever-growing pile of risky debt are causing concerns about the economy, with some drawing comparisons to 2007.

Debt markets have broadly grown fast over the last decade. The US high-grade market was less than $4 trillion in early 2015, and now has about $7.6 trillion outstanding. 

Private credit 

https://englundmacro.blogspot.com/2023/05/the-private-credit-market-15-trillion.html

has evolved into a more than $1.7 trillion market relatively quickly.

 “When you price things to perfection, 

https://englundmacro.blogspot.com/2025/09/the-stock-market-is-timebomb-waiting-to.html

anything less than perfection can cause, at a minimum, a correction.”

https://www.bloomberg.com/news/articles/2025-09-27/the-echoes-of-2007-are-starting-to-become-louder-credit-weekly


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