What happened yesterday?
The Financial Times said so, so it really happened.
But it wasn’t only Blackrock that took a dive.
And how did our President respond to the war and the stock market? He showed us how beautiful and UUUUGGE the new White House ballroom will be. Nero-esque?
This all part of the private equity (PE) funding that has ratcheted up over 3,700% since the early 2,000's to over $8 trillion in 2025. No party lasts forever. Hopefully, blackrock hits rock bottom this year and goes to the dogs.
That’s because There has been some massive sudden defaults in the private equity deals. One deal of 25 million went from perfectly good to a 25 million write off in less than 30 days. The whole private lending world is full of shitty deals no bank would make and the shit is starting to hit the fan. Wait till we find out JPMorgan lent black rock billions to fund them.