(Part 4 of 5) News and my muse (09Mar2026)
News and my thoughts from the past week (09Mar2026)
Two of the world's largest funds are limiting the amount you can withdraw. BlackRock froze requests for withdrawals of $1.2 billion from its private credit fund. Investors in the BlackRock fund with assets of $26 billion requested the withdrawal of 9.3% of their funds. BlackRock refused, limiting the withdrawal to 5%. The Blackstone fund with assets of $82 billion recorded a record number of requests for withdrawals in the same week. Blackstone had to invest $400 million of its own funds to cover the costs of withdrawals. Similar problems exist with the Blue Owl OBDC II fund, where withdrawals have been suspended. - X user Cha Bowes
Kuwait Petroleum declares force majeure on oil sales - MacroEdge
Insider sales continue
Deutsche warns the spike in the jet fuel crack spread is becoming an “existential threat” to U.S. airlines. The note says that without near-term relief, airlines could be forced to ground 1000s of aircraft, and some of the industry’s weakest carriers may have to halt operations. - X user Wall St Engine
Indonesia suspends participation in Trump Board of Peace following Middle East conflict - MacroEdge
Federal Reserve Bank of Atlanta just downgraded GDP estimate for Q1 by a FULL 1% from 3.2% to 2.1% OVERNIGHT.
US private credit DEFAULT rates could reach levels not seen since the Financial Crisis. In a worst-case scenario of rapid AI disruption, UBS projects US private credit defaults could hit 14–15%. - X user First Squawk
ANTHROPIC CEO WARNS: THE COMPANY IS NO LONGER SURE CLAUDE ISN’T CONSCIOUS.
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