BlackRock $26B Private Credit Fund Limits Withdrawals

If this happened to bank deposits, it would be called a bank run.

Every time the crash starts the same. The problems start in markets that are opaque and non-regulated. Banks are now fine, the risks moved into private credit and shadow banking.

The US has between $1.3 and $1.5 trillion in private credit AUM. 70% of global private credit. It has expanded rapidly and the quality has decreased as it has been "democratized" and retail investors have access.

https://archive.is/HsNyk

Is that good?

Do you like things that look like bank runs? If so, then yes.