Dr. Alan O'Sullivan

But residential real estate loans, commercial industrial loans.

But the sector exposure to private credit appears to be low.

Now, I'm not an expert in this.

You need to do your own homework on this.

But based on what I'm looking at, it looks like this could be contained.

But it definitely is going to have an impact on sentiment.

One person's

Asset is another person's liability.

You get write downs, you get defaults, you're going to have ripples and, you know, definitely going to add to a negative market, which already doesn't need an excuse to probably sell off.

Moving along, we're looking at the voice of reason this week is talking about geopolitics.

This is a quote from Eswar Prasad, Professor Eswar Prasad.

He has a new book out, put a link to this, The Doom Loop.

Sounds really uplifting, doesn't it, for a Sunday evening, Monday morning.

But Eswar Prasad is a serious player, Professor at Cornell, a senior fellow at the Brookings Institute.

And his quote is, but...

The harsh reality of our imperfect world is that the absence of a dominant currency would risk making bad situations worse.

Those who seek regime change should be careful what they wish for.

This is really in the context of the book.

And I saw a recent interview with Professor Prasad, and he talked about he initially started writing the book as a positive story, but ended up, when he actually started looking and reading,

realized that it's far from positive and it is negative.