Popio
Soldier of FORTRAN 
Cybarbie@mainframed767 Private credit is not sub-prime. Some have been hit by Trump tariffs, not really foreseeable that Americans would vote for the pedo twice but most of them are paying them off and are not toxic at all. Retail investors are just pissed because they don't understand the basic finance of loans are illiquid fixed term and you can't just duck when you are spooked by AI hype. People are free to factor but they can't complain if they have to take a haircut to get out early.
@mainframed767 People should be MUCH more concerned about the migration of 10yr t-bills from sovereign funds to private equity via London, Luxembourg and Cayman. China. Japan et al having dumped US bonds to the tune of nearly $1tr since last November which is being picked up in the city of London by BARN borrowers of last resort. The US is now inextricably linked to the fate of the UK economy. It's bad for US (but IMF begging bowl worse of UK)