Private credit sell-off not the next subprime
The bull case argued for bombed-out private credit equities: the current sell-off is a liquidity-driven bleed, not a fundamental credit crisis akin to subprime.
Keep reading this one
You've read the thesis and who argued it. A free account opens the argument, what validates it, the risks the show raised, and the moment in the episode where it was said — 3 ideas in full a day, no card.
The Callback
Private credit slowdown threatens debt refinancing cycles
12 weeks between these two statements.
The speakers argued that recent high-profile private credit defaults are idiosyncratic and not indicative of a systemic problem across the direct lending market.
The bull case argued for bombed-out private credit equities: the current sell-off is a liquidity-driven bleed, not a fundamental credit crisis akin to subprime.