Monday, March 16, 2026

Risky Times Ahead

Private Credit’s Investor Exodus Spreads to Consumer Loans
https://www.wsj.com/finance/investing/private-credits-investor-exodus-spreads-to-consumer-loans-de2507d7
A fund holding consumer and small-business loans made by companies including Affirm and Block is the latest corner of the private-credit market to come under stress.



Inside a $42 Billion Private-Credit Black Box: More Black Boxes
https://www.wsj.com/finance/investing/inside-a-42-billion-private-credit-black-box-more-black-boxes-e2523e8e
The Cliffwater Corporate Lending Fund’s opacity helps explain why it is facing redemptions. 


Markets rose high on borrowed money. They will fall hard if fear takes hold
https://www.telegraph.co.uk/money/investing/stocks-shares/markets-rose-high-borrowed-money-fall-hard/
The war in the Middle East has made things unpredictable but the virtue of patience can bring rewards.


Richard Bookstaber: I Predicted the 2008 Financial Crisis. What Is Coming May Be Worse.
https://www.nytimes.com/2026/03/16/opinion/financial-crisis-private-credit-ai-iran-taiwan.html