Private Credit Is Wrecking The Economy – Second Thought SUBSCRIBE HERE: http://bit.ly/2nFsvTS Check out the merch: https://deprogramshop.com/ New video every other Friday! Have a topic idea? Send it to us here: https://forms.gle/gihjqi21cZe7ncWr5 Follow and Support Second Thought! Twitter: https://twitter.com//_SecondThought Patreon: https://patreon.com/secondthought BuyMeACoffee: https://www.buymeacoffee.com/secondthought CashApp: $JTChapman Citations and Further Reading: The private credit crisis https://www.monde-diplomatique.fr/2026/05/LORDON/69499 https://blog.mondediplo.net/la-crise-financiere-qui-vient https://www.wsj.com/finance/private-credit-tracker-8abcf8ca https://www.ft.com/content/ea5582a4-910b-44a0-8ed4-f0482856cd4a?syn-25a6b1a6=1 First Brands and Tricolor https://www.theguardian.com/business/2025/oct/18/what-is-private-credit-us-first-brands-tricolor-banks https://businessjournalism.org/2026/01/tricolor-investigation/ $3T industry https://www.npr.org/2026/03/19/nx-s1-5747128/private-credit-equity-jamie-dimon-wall-street 2008 and the private credit boom https://www.brookings.edu/articles/what-is-private-credit-does-it-pose-financial-stability-risks/ Private credit as shadow banking https://www.nytimes.com/2024/12/27/business/wall-st-private-credit-money.html https://rooseveltinstitute.org/blog/whats-going-on-with-private-credit-with-graham-steele/ Defaults and redemption requests https://x.com/IlliquidInsight/status/2031920106238877829 https://www.reuters.com/business/us-private-credit-defaults-hit-record-92-2025-fitch-says-2026-03-06/ https://blog.mondediplo.net/la-crise-financiere-qui-vient#%3A~%3Atext=Blackstone %3A+8 %25.+Blackrock %3A+9 %25.+Morgan+Stanley%2C+11 %25.+Honneur+à+Cliffwater %3A+14 %25 The Iran war https://www.lemonde.fr/en/opinion/article/2026/03/31/middle-east-war-could-lead-to-an-outbreak-of-the-brewing-private-credit-crisis/_6751968/_23.html Software/AI https://finance.yahoo.com/news/fed-chair-powell-sees-no-threat-of-private-credit-contagion-says-interest-rates-are-in-a-good-place-165159434.html#%3A~%3Atext=Many+private+credit+lenders+hold+bonds+of+software+companies https://finance.yahoo.com/sectors/technology/articles/ai-economy-runs-helium-iran-155918475.html Regular banks https://www.nytimes.com/2024/12/27/business/wall-st-private-credit-money.html#%3A~%3Atext=JPMorgan+has+set+aside+around+%2410+billion+of+its+own+money+—+a+pittance+for+the+bank+—+to+compete+with+the+likes+of+Blue+Owl+on+private+credit+deals https://x.com/elerianm/status/2032360719950250239 https://www.reuters.com/sustainability/boards-policy-regulation/watchdog-flags-risks-banks-growing-private-credit-ties-2026-05-06/ PC is risky https://www.bloomberg.com/news/articles/2025-03-20/private-credit-firms-are-pushing-boundaries-to-win-large-deals https://www.bloomberg.com/news/articles/2025-08-05/wine-music-and-jets-draw-scrutiny-of-asset-backed-private-debt Warnings https://www.nytimes.com/2024/12/27/business/wall-st-private-credit-money.html#%3A~%3Atext=To+its+detractors%2Cin+with+warnings https://www.theguardian.com/business/2025/oct/18/what-is-private-credit-us-first-brands-tricolor-banks#%3A~%3Atext=The+IMF’s+managing+director%2C+Kristalina+Georgieva%2C+said+concern+about+the+sector+was+the+“question+that+keeps+me+awake+every+so+often+at+night” About Second Thought: Second Thought is a channel devoted to education and analysis of current events from a socialist perspective. Welcome! Business Email: secondthoughtchannel@gmail.com

From Second Thought via This RSS Feed.