Blue Owl is a hedge fund. It’s been getting heavily into private credit — somewhere companies can borrow money when they don’t want to issue corporate bonds. Private credit does things banks aren’t…
  • David Gerard@awful.systemsOPMEnglish
    0·
    3 days ago

    the AI bubble, the private credit bubble (this one), the Wall St Bitcoin thing, etc. are all about writing down a big number with a $ in front on thin justification, then borrowing against it

    this runs into issues tomorrrow. but not today!