EPISODE · Mar 16, 2026 · 8 MIN
大摩：私募信贷不是次贷危机
from 深度
摩根士丹利认为当前美国私募信贷危机并非2008年次贷危机重演，只是定价与情绪的重置。其依据包括系统性杠杆未扩张、银行敞口防御性强、赎回限制是设计特性以及真实风险可控，指出这是信贷周期的正常代价。
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大摩：私募信贷不是次贷危机
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