# Is the US financial system more fragile than it looks?

Page: https://stenobird.com/podcast/noise-cancelling-with-neil-woodford-7475728/is-the-us-financial-system-more-fragile-than-it-looks
Text version: https://stenobird.com/podcast/noise-cancelling-with-neil-woodford-7475728/is-the-us-financial-system-more-fragile-than-it-looks.md
Podcast: [Noise Cancelling with Neil Woodford](https://stenobird.com/podcast/noise-cancelling-with-neil-woodford-7475728)
Published: 2025-12-05T13:46:27+00:00
Episode link: https://w4pz.podbean.com/e/is-the-us-financial-system-more-fragile-than-it-looks/
Audio file: https://mcdn.podbean.com/mf/web/phvca2vtddrwv7bh/2025-12-05_Podcast-_US_Fragility_19e3az.mp3
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JSON: https://stenobird.com/v1/public/podcasts/noise-cancelling-with-neil-woodford-7475728/episodes/is-the-us-financial-system-more-fragile-than-it-looks
Duration seconds: 2692

## Resource

US financial system fragility, private credit, Treasury basis trade, Japan’s BOJ and Bitcoin—Neil Woodford explains what could break next (and what probably won’t).

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## Transcript

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