The #1 Biggest Threat To The US Economy Since 2008 - Most Are Missing This
Private credit firms like BlackRock and Apollo have built a $1+ trillion unregulated 'shadow banking' system using Collateralized Loan Obligations (CLOs) that are now failing at a 9% default rate—exceeding 2008 crisis levels—with interconnected debt trading and undercapitalized self-owned insurance creating systemic domino risks that threaten stocks, housing, and employment.