5 articles
The $1.8 trillion private credit boom is colliding with the AI revolution, and retail investors are trapped in the crossfire. As software borrowers face margin collapse, non-traded BDCs are quietly halting redemptions to mask the true damage.
The current electric vehicle market slump is masking a much larger structural crisis in subprime auto lending. As private credit buckles under the weight of negative equity, a rare opportunity is emerging for cash buyers at wholesale auctions.
Apollo just lent $7 billion so xAI could lease Nvidia chips from a shell company where Nvidia is the anchor investor. The circular financing loop powering the AI boom looks exactly like the structures that blew up Wall Street in 2008.
While eyes are on Nvidia's stock price, a quiet $300 billion shift to private credit is offloading AI risk onto municipal taxpayers. The Bank for International Settlements just flashed a warning light on the opaque debt fueling the data center boom.
BlackRock's $40 billion acquisition of Aligned Data Centers marks the privatization of the American AI grid, creating a two-tier compute economy.