“.. Nvidia gets paid upfront, the borrowers and their lenders carry the default risk, and because private credit is ultimately funded by ordinary savers through instruments like pension funds, the tai
https://t.co/n700KSglU4 — via @CarlQuintanilla
What changed
https://t.co/n700KSglU4 — via @CarlQuintanilla
Why it matters
Nvidia's upfront payment model shifts default risk to lenders, ultimately hitting household pension funds.