Evercore's Schlosstein on Fed, Recession, Debt Markets

The video discusses the current economic landscape, focusing on inflation trends, market expectations, and the potential for recession. It highlights the challenges faced by the banking system and debt markets, as well as the dynamics of the private credit system. The discussion emphasizes the uncertainty in the economy and the implications of higher interest rates.

How does the speaker describe the current situation in the banking system?

What are the implications of credit losses in the private credit system compared to banks?