Wall Street cache une bombe à 2 000 milliards $

While global attention is fixed elsewhere, a potentially more troubling issue for markets is quietly unfolding on Wall Street: the private credit market. For years, this discreet sector promised a smarter, more stable, and highly profitable investment, reserved for insiders, far from public market volatility. Today, this promise is showing cracks, with accumulating worrying signs. Major players like BlackRock, Blue Hall, Morgan Stanley, and Cliff Watuer have all limited withdrawals from their private credit funds due to excessive redemption requests. BlackRock specifically blocked withdrawals exceeding 5% as per contract stipulations. Morgan Stanley restricted redemptions after requests covered nearly 11% of outstanding shares, fulfilling only 46% of requests made during a redemption window. Cliff Watuer capped redemptions at 7% after requests reached about