The rise of private markets is making it harder for regulators and economists to predict economic crashes or financial crises. This is because many companies that operate outside traditional public markets don’t release data on their activities, making it difficult to assess risks in the global economy.
In the US government shutdown last year, the lack of access to key data from sources like inflation and retail sales highlighted this problem. While recent events have brought attention to this issue, the root cause lies deeper in the financial system itself, where many companies are now hiding behind private markets.
Source: https://www.bloomberg.com/news/features/2026-02-15/private-markets-data-black-holes-leave-watchdogs-flying-blind