QE pushed interest rates down dramatically, which disincentivized credit creation by commercial banks in a paradoxical way, causing that credit creation to shift into the non-bank fintech sector, which subsequently collapsed, creating economic instability.
causalpending
Speaker
Chris WhelanEvidence Quote
“i think disincentivized credit creation in a strange way and it pushed it off into the world of fintechs who have now collapsed”
Source
The Fed’s Ticking Time Bomb Is About To Explode | Joseph Wang & Chris Whalen— Forward GuidanceCreated: 8/11/2026, 1:23:06 AM
My Notes
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