Communist perspective on the circular financing propping up the AI Bubble, "shadow banking" (NDFIs) and the return of the 2008 sub-prime crisis, how capitalism ends, & more
https://www.youtube.com/watch?v=CFDx6Ij-68s
https://www.youtube.com/watch?v=CFDx6Ij-68s
November 12, 2025 at 10:22 PM
Communist perspective on the circular financing propping up the AI Bubble, "shadow banking" (NDFIs) and the return of the 2008 sub-prime crisis, how capitalism ends, & more
https://www.youtube.com/watch?v=CFDx6Ij-68s
https://www.youtube.com/watch?v=CFDx6Ij-68s
‘It’s no wonder why the asset/financial economy is booming and the real economy is doing much the opposite. Lending to nondepository financial institutions (NDFIs) such as broker-dealers, hedge funds, etc. is booming while lending to the rest has declined.’ adamjosephson.substack.com/p/ndfi-loans...
September 29, 2025 at 3:13 PM
‘It’s no wonder why the asset/financial economy is booming and the real economy is doing much the opposite. Lending to nondepository financial institutions (NDFIs) such as broker-dealers, hedge funds, etc. is booming while lending to the rest has declined.’ adamjosephson.substack.com/p/ndfi-loans...
Investors are focused on a specific type of lending made by banks to non-depository financial institutions, or NDFIs, as the source of possible contagion.
‘The tide went out’: How a string of bad loans has bank investors hunting for hidden risks
www.cnbc.com
October 18, 2025 at 3:14 PM
Investors are focused on a specific type of lending made by banks to non-depository financial institutions, or NDFIs, as the source of possible contagion.
“…NDFIs acquire “liquidity insurance”, usually in the form of credit lines with banks. These lines are the “umbilical cords” connecting the NDFIs to the banks, as Acharya put it to Unhedged.”
Shadow banks are not outside the banking system
And that is a worry
on.ft.com
October 2, 2025 at 12:06 PM
“…NDFIs acquire “liquidity insurance”, usually in the form of credit lines with banks. These lines are the “umbilical cords” connecting the NDFIs to the banks, as Acharya put it to Unhedged.”
Someone is holding the bag - Will be interesting to learn who one of these days (funds, consumers, US banks via lending to NDFIs, Japanese banks).
November 15, 2025 at 12:21 AM
Someone is holding the bag - Will be interesting to learn who one of these days (funds, consumers, US banks via lending to NDFIs, Japanese banks).
Are we in an AI bubble? Follow the debt!
All bubbles are fueled by large sources of debt. NDFI (non-depository financial institutions) lending have soared!
NDFIs are unregulated loans that are the fastest-growing risks to our economy. Debt getting concentrated in a handful of large institutions
All bubbles are fueled by large sources of debt. NDFI (non-depository financial institutions) lending have soared!
NDFIs are unregulated loans that are the fastest-growing risks to our economy. Debt getting concentrated in a handful of large institutions
NDFI Loans Are Far Larger Than We Thought
No wonder asset prices are booming as they are, and that the real economy is doing the opposite
adamjosephson.substack.com
October 8, 2025 at 6:44 PM
Are we in an AI bubble? Follow the debt!
All bubbles are fueled by large sources of debt. NDFI (non-depository financial institutions) lending have soared!
NDFIs are unregulated loans that are the fastest-growing risks to our economy. Debt getting concentrated in a handful of large institutions
All bubbles are fueled by large sources of debt. NDFI (non-depository financial institutions) lending have soared!
NDFIs are unregulated loans that are the fastest-growing risks to our economy. Debt getting concentrated in a handful of large institutions
Banks have significantly increased their lending to NDFIs. In 2025, loans from commercial banks to NDFIs surged by over 50% year-on-year, reaching around $1.14 trillion as of March.
October 23, 2025 at 11:52 PM
Banks have significantly increased their lending to NDFIs. In 2025, loans from commercial banks to NDFIs surged by over 50% year-on-year, reaching around $1.14 trillion as of March.
The rapid growth of this lending sector is outpacing traditional bank lending and increases the opacity of the financial system. Many NDFIs are less regulated than traditional banks, which makes their operations and true risk exposure harder to measure. (BARRONS)
October 13, 2025 at 8:18 PM
The rapid growth of this lending sector is outpacing traditional bank lending and increases the opacity of the financial system. Many NDFIs are less regulated than traditional banks, which makes their operations and true risk exposure harder to measure. (BARRONS)
Bank exposures to NDFIs: spooky.
It's Not Just the NDFI Loans; It's Also the Unused Lines/Commitments
Banks' NDFI exposures are larger than many appreciate
adamjosephson.substack.com
October 27, 2025 at 2:29 PM
Bank exposures to NDFIs: spooky.
Loans to non-depository financial institutions (NDFIs) account for about 33% of commercial and industrial (C&I) loans originated by large banks, the fastest-growing segment of bank lending in recent years, with the annualized growth rate averaging 26% per year since 2012.
October 13, 2025 at 8:18 PM
Loans to non-depository financial institutions (NDFIs) account for about 33% of commercial and industrial (C&I) loans originated by large banks, the fastest-growing segment of bank lending in recent years, with the annualized growth rate averaging 26% per year since 2012.
Communist perspective on the circular financing propping up the AI Bubble, "shadow banking" (NDFIs) and the return of the 2008 sub-prime crisis, how capitalism ends, & more
www.youtube.com/watch?v=CFDx...
www.youtube.com/watch?v=CFDx...
The AI Money Wheel: Nvidia's Circular AI Financing + How Capitalism Ends (from S4A Livestream 129)
YouTube video by Socialism For All ☭ Intensify Class Struggle
www.youtube.com
November 12, 2025 at 10:22 PM
Communist perspective on the circular financing propping up the AI Bubble, "shadow banking" (NDFIs) and the return of the 2008 sub-prime crisis, how capitalism ends, & more
www.youtube.com/watch?v=CFDx...
www.youtube.com/watch?v=CFDx...
With all due respect to Bob, traditional banks are loaning much more money to NDFIs, who are then making all the high risk loans. They just moved the risk, but it’s still systemic.
October 20, 2025 at 3:48 PM
With all due respect to Bob, traditional banks are loaning much more money to NDFIs, who are then making all the high risk loans. They just moved the risk, but it’s still systemic.
NDFIs snare bank C&I third #finsky
“.. NDFIs now account for some 33% of all commercial and industrial loans originated by large banks, according to J.P. Morgan Securities ..” 👀
$JEF
www.barrons.com/articles/fir...
$JEF
www.barrons.com/articles/fir...
October 8, 2025 at 6:51 PM
NDFIs snare bank C&I third #finsky
This is riskier due to less transparency and regulation compared to traditional bank lending. Because NDFIs have looser lending standards and operate with limited public disclosure, there is concern that undisclosed leverage and poor loan quality could pose risks to the broader financial system.
October 23, 2025 at 11:55 PM
This is riskier due to less transparency and regulation compared to traditional bank lending. Because NDFIs have looser lending standards and operate with limited public disclosure, there is concern that undisclosed leverage and poor loan quality could pose risks to the broader financial system.
October 24, 2025 at 11:46 PM
Oh God, what are NDFIs? They sound like synthetic CDOs.
October 8, 2025 at 6:36 PM
Oh God, what are NDFIs? They sound like synthetic CDOs.
Prêts bancaires américains aux institutions financières non bancaires (NDFIs) : 215 milliards de dollars en 2015 à 1,3 trillion de dollars en octobre 2025...
The Fear Haunting Global Finance – IDEAs
The sudden collapse of two firms in the automotive sector has strengthened fear that fragility in the booming private credit market could precipitate a 2008-sty
networkideas.org
November 5, 2025 at 9:48 AM
Prêts bancaires américains aux institutions financières non bancaires (NDFIs) : 215 milliards de dollars en 2015 à 1,3 trillion de dollars en octobre 2025...
Investors are focused on a specific type of lending made by banks to non-depository financial institutions, or NDFIs, as the source of possible contagion.
‘The tide went out’: How a string of bad loans has bank investors hunting for hidden risks
Investors are focused on a specific type of lending made by banks to non-depository financial institutions, or NDFIs, as the source of possible contagion.
cnb.cx
October 17, 2025 at 7:02 PM
Investors are focused on a specific type of lending made by banks to non-depository financial institutions, or NDFIs, as the source of possible contagion.
U.S. bank exposure to NDFIs had reached approximately $1.2 trillion. Lending to NDFIs/shadow banks carries risks of significant credit loss, illiquidity, and contagion for the overall financial system.
October 13, 2025 at 8:18 PM
U.S. bank exposure to NDFIs had reached approximately $1.2 trillion. Lending to NDFIs/shadow banks carries risks of significant credit loss, illiquidity, and contagion for the overall financial system.
Are we in an AI bubble? Follow the debt!
All bubbles are fueled by large sources of debt. NDFI (non-depository financial institutions) lending have soared!
NDFIs are unregulated loans that are the fastest-growing risks to our economy. Debt is concentrating in a handful of large institutions
All bubbles are fueled by large sources of debt. NDFI (non-depository financial institutions) lending have soared!
NDFIs are unregulated loans that are the fastest-growing risks to our economy. Debt is concentrating in a handful of large institutions
NDFI Loans Are Far Larger Than We Thought
No wonder asset prices are booming as they are, and that the real economy is doing the opposite
adamjosephson.substack.com
October 9, 2025 at 6:39 PM
Are we in an AI bubble? Follow the debt!
All bubbles are fueled by large sources of debt. NDFI (non-depository financial institutions) lending have soared!
NDFIs are unregulated loans that are the fastest-growing risks to our economy. Debt is concentrating in a handful of large institutions
All bubbles are fueled by large sources of debt. NDFI (non-depository financial institutions) lending have soared!
NDFIs are unregulated loans that are the fastest-growing risks to our economy. Debt is concentrating in a handful of large institutions
NDFI banking refers to the lending and financial activities related to Nondepository Financial Institutions (NDFIs). NDFIs are financial entities that provide services similar to banks but do not accept deposits from the public and are not regulated by federal banking agencies.
October 23, 2025 at 11:51 PM
NDFI banking refers to the lending and financial activities related to Nondepository Financial Institutions (NDFIs). NDFIs are financial entities that provide services similar to banks but do not accept deposits from the public and are not regulated by federal banking agencies.
Yes. And add in NDFIs lending to midsize companies without regulations. See First Brands bankruptcy.
November 11, 2025 at 1:35 PM
Yes. And add in NDFIs lending to midsize companies without regulations. See First Brands bankruptcy.
This is crazy. The NDFIs are black boxes. There have been bankruptcies where companies have used invoices for payments due as collateral like Metas leases. Trouble is they used the same invoices with more than one loaner. No oversight with private credit. It’s 2008 all over again.
November 1, 2025 at 10:30 PM
This is crazy. The NDFIs are black boxes. There have been bankruptcies where companies have used invoices for payments due as collateral like Metas leases. Trouble is they used the same invoices with more than one loaner. No oversight with private credit. It’s 2008 all over again.
Banks poured $1.7T into nonbanks—now NDFIs are 33% of all C&I loans. Tricolor & First Brands collapses spotlight opaque risk. Fifth Third expects $200M loss after “significant fraud.” Next up: bank earnings, hard questions on who’s holding the bag.
$1.7 T Loans
www.barrons.com/articles/fir...
$1.7 T Loans
www.barrons.com/articles/fir...
October 11, 2025 at 4:15 PM
Banks poured $1.7T into nonbanks—now NDFIs are 33% of all C&I loans. Tricolor & First Brands collapses spotlight opaque risk. Fifth Third expects $200M loss after “significant fraud.” Next up: bank earnings, hard questions on who’s holding the bag.
$1.7 T Loans
www.barrons.com/articles/fir...
$1.7 T Loans
www.barrons.com/articles/fir...