Private Credit, Off-Ramps, & The 'Executive Put' Dominate Market Action
If we weren't all so distracted by the ongoing chaos in the Middle East (and watching every tick in crude oil prices), the current escalation of crises in credit would be front-page news, and dominating de-risking discussions.
If only there was another moment when oil was about to hit $150 and a major financial crisis had already quietly emerged
— zerohedge (@zerohedge) March 12, 2026
