⚠️ BlackRock freezes clients — is a crisis starting?
The largest private credit funds have limited payments to investors for the first time.
Reasons: rising defaults on loans, pressure from AI on SaaS companies, and panic among depositors.
BlackRock, Blackstone, and Apollo have already shown a decline in stocks, and the market sees parallels with 2008.
A snowball of problems could hit the entire economy — from startups to banks.
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