As always, will be revisited when the next revision (EP 348) drops in late November. Until then, these are the most accurate numbers we have – and they tell a story of moderation, resilience, and cautious optimism.
In GDP Episode 347, originally titled “The Great Leverage Mirage,” host Emily Voss took listeners deep into the shadow banking system. The episode focused on a single, chilling statistic: In 2007, just before the financial crisis, the top five U.S. investment banks held $1 in capital for every $40 in borrowed money. By 2019, despite new regulations, non-bank lenders—hedge funds, private credit firms, and REITs—had rebuilt that leverage ratio to 1:32. gdp ep 347 upd
As of April 16, 2026, is trading at 15.25 GBX , marking a significant intraday increase of 5.17% from its previous close of 14.5 GBX. As always, will be revisited when the next