News and my thoughts from the past week (09Mar2026)
Two of the world's largest funds are limiting the amount you can withdraw. BlackRock froze requests for withdrawals of $1.2 billion from its private credit fund. Investors in the BlackRock fund with assets of $26 billion requested the withdrawal of 9.3% of their funds. BlackRock refused, limiting the withdrawal to 5%. The Blackstone fund with assets of $82 billion recorded a record number of requests for withdrawals in the same week. Blackstone had to invest $400 million of its own funds to cover the costs of withdrawals. Similar problems exist with the Blue Owl OBDC II fund, where withdrawals have been suspended. - X user Cha Bowes
Kuwait Petroleum declares force majeure on oil sales - MacroEdge
Insider sales continue
Deutsche warns the spike in the jet fuel crack spread is becoming an “existential threat” to U.S. airlines. The note says that without near-term relief, airlines could be forced to ground 1000s of aircraft, and some of the industry’s weakest carriers may have to halt operations. - X user Wall St Engine
Indonesia suspends participation in Trump Board of Peace following Middle East conflict - MacroEdge
Federal Reserve Bank of Atlanta just downgraded GDP estimate for Q1 by a FULL 1% from 3.2% to 2.1% OVERNIGHT.
US private credit DEFAULT rates could reach levels not seen since the Financial Crisis. In a worst-case scenario of rapid AI disruption, UBS projects US private credit defaults could hit 14–15%. - X user First Squawk
ANTHROPIC CEO WARNS: THE COMPANY IS NO LONGER SURE CLAUDE ISN’T CONSCIOUS.
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