“BlackRock Says Private Debt Will Double to $3.5 Trillion by 2028”
October 27, 2023
“BlackRock Inc. predicts that the global private debt market will roughly double to $3.5 trillion by 2028, one of the most bullish calls to date on the growth of the industry…
BlackRock said it expects private debt to grow at about a 15% compound annual rate over the next five years. The market is currently estimated at $1.6 trillion and could reach $1.75 trillion by the end of the year, according to the paper…”
https://finance.yahoo.com/news/blackrock-says-private-debt-double-165531800.html
One thing is for sure. I know my debt is not going to double. I mean even if it did it wouldn’t matter because my debt is zero. Even if my debt increased 100 fold it’d still be zero. Haha. Jokes aside the only debt people should have is debt that can be leveraged. In plain English if that debt does not create cash flow it’s not a debt anyone should have.