Private-Credit Fears Are Based on Four Myths

Published on December 3, 2025

In Charles MacKay’s 1841 book Extraordinary Popular Delusions and the Madness of Crowds, he highlights how mass human behavior can lead to irrationality: “They go mad in herds while they only recover their senses slowly, one by one.”

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401(k) Real Talk Episode 176: December 3, 2025

December 3, 2025
Open, honest and candid discussion about Great Gray acquiring FlexPATH, DOL drops appeal to fiduciary rule, lifetime income usage stagnant, the 10 biggest decisions facing DC plan sin 2026 and more.

Z1: Z.1 statistical release with 2025:Q3 data to be issued on January 9, 2026

December 3, 2025
The Financial Accounts of the United States (Z.1) incorporates a range of data from other government agencies, the publication of which was delayed as a result of the recent government shutdown. The Z.1 statistical release with 2025:Q3 data originally scheduled for release on December 11, 2025, will be issued at noon EST on Friday, January 9, 2026.