Larry McDonald: Private Credit Is This Cycle's Subprime — And Retail Investors Are Holding the Bag 49:25
The Julia La Roche Show
Larry McDonald: Private Credit Is This Cycle's Subprime — And Retail Investors Are Holding the Bag
Private credit has evolved into a systemic 'subprime' risk for 2026 because retail investors have been granted quarterly liquidity on fundamentally illiquid, over-leveraged assets that are now fracturing under stagflationary pressure.
Mar 31, 2026