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An Education on Private Credit. There’s a lot of scary headlines floating around right now. Most of them ignore how the asset class actually works. Private credit is short-duration lending, not long-duration equity. That difference matters when people start drawing big conclusions from stock market moves. Also worth remembering: the last time the global financial system truly broke, it was private credit’s worst year ever: -6%. Context matters. COCKROACHES — When you cut out the banks and hurt t
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