{"id":37945,"date":"2026-03-13T12:29:33","date_gmt":"2026-03-13T12:29:33","guid":{"rendered":"https:\/\/www.duck9.com\/blog\/?p=37945"},"modified":"2026-03-13T08:29:52","modified_gmt":"2026-03-13T12:29:52","slug":"the-fin-system-is-fcukd","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/the-fin-system-is-fcukd\/","title":{"rendered":"The Fin System is FCUK\u2019d"},"content":{"rendered":"
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Nobody is telling you how FUCKED the financial system actually is right now. And it started cracking TODAY. Step 1 \u2192 JPMorgan just marked down its private credit loans and RESTRICTED lending to private credit funds. Step 2 \u2192 Morgan Stanley is now BLOCKING redemptions at its<\/div>\n<\/td>\n<\/tr>\n
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SungHoon Lee, IQ 276 (@sungleeiq) 4K likes \u00b7 224 replies<\/font><\/a><\/div>\n
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– The post accurately highlights recent strains in the $1.7 trillion private credit market, including JPMorgan’s loan markdowns, Morgan Stanley and Cliffwater redemption caps at 5-7% amid 10-14% requests, Partners Group’s warning of doubling defaults, and Fitch’s record 9.2% U.S. default rate for 2025, all reported in early March 2026.<\/div>\n
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– These developments stem from rising AI disruptions to software borrowers, tighter refinancing amid higher interest rates, and illiquid fund structures designed to limit outflows but now amplifying investor concerns, with secondary market discounts on BDCs widening 10-20% since January.<\/div>\n
– While geopolitical risks in the Strait of Hormuz\u2014three tankers damaged, U.S. strikes on 16 Iranian vessels, Brent crude spiking above $100\u2014add energy volatility, historical data shows private credit recoveries average 60-70% on senior loans, suggesting contained losses unless redemptions force widespread asset sales. <\/div>\n
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Chapter 1 to Chapter 14\u2019s an \u201cEaster Egg\u201d at <\/span>#ch1 to #ch14. Including #ch2 which\u2019s chapter 2 at my house in Napa California<\/span><\/div>\n

http:\/\/www.youtube.com\/watch?v=ejeIz4EhoJ0<\/span><\/p>\n


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On 09-09-39, “What They Will NEVER Teach You at Stanford Business School” debuts at 300 w 44th St at New York Fashion Week’s front row
http:\/\/www.youtube.com\/watch?v=QXIaNZi3mHQ<\/span><\/span><\/div>\n

What A Super Model Can Teach a Harvard MBA About Credit www.slideshare.net\/larrychiang\/what-a-super-model-can-teach-a-harvard-mba-about-credit<\/a><\/span><\/p>\n

American Express hosts me mentoring you about FICO scores at New York Fashion Week
t.co\/inxTmZAj<\/a><\/span><\/p>\n

My video boils down 20,000 hours and moves you to the right on the entrepreneur bell curve 
http:\/\/www.youtube.com\/watch?v=eudADPfTWiE<\/span>
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Steve Jobs Texted me on 650-283-8008 in the same way that Mr Jobs called Bill Hewlett <\/span>https:\/\/x.com\/superSaiyanSkai\/status\/1941392367304761636\/video\/1<\/a><\/span><\/div>\n

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<\/span><\/div>\n
Larry Chiang<\/span><\/div>\n
Fund of Founders<\/div>\n
Founding Stanford EIR<\/div>\n
@duck9 alum, Deeply Understood Capital Credit Chinese Knowledge 9<\/div>\n
Solo Founder Uber API<\/div>\n
650-566-9600 Office<\/div>\n
650-566-9696 Direct<\/div>\n
Cell: 415-720-8500 <\/div>\n

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650-283-8008 (cell)<\/span><\/div>\n

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Editor of the widely syndicated “What They Don’t Teach at School”
whattheydontteachyouatstanfordbusinessschool.com\/blog<\/a><\/span><\/p>\n

CNN Video Channel: ireport.cnn.com\/people\/larrychiang<\/a><\/span><\/p>\n

Read my last 10 X posts at www.X.com\/LarryChiang<\/a><\/span><\/p>\n

Author of #WTDTYASBS a NY Times Bestseller released 09-09-09 at #NYFW on a runway under the tents
whattheydontteachyouatstanfordbusinessschool.com\/blog\/?s=Ny+times+bestseller<\/a><\/span><\/p>\n

www.fastcompany.com\/embed\/c0d4562ea2049<\/a><\/span><\/p>\n

52 Cards. Two Jokers. What They DO Teach You at Stanford Engineering
http:\/\/www.youtube.com\/watch?v=vDBY0GkI3-g<\/span><\/p>\n

Emergency swings and cutting deals as an 9 year old
http:\/\/www.youtube.com\/watch?v=OFGY7v9C4G0<\/span><\/p>\n

Hunter Pence shared thoughts before winning WORLD SERIES’ Game #7
http:\/\/www.youtube.com\/watch?v=usu0luYy9pw<\/span><\/span><\/p>\n


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Nobody is telling you how FUCKED the financial system actually is right now. And it started cracking TODAY. Step 1 \u2192 JPMorgan just marked down its private credit loans and RESTRICTED lending to private credit funds. Step 2 \u2192 Morgan Stanley is now BLOCKING redemptions at its SungHoon Lee, IQ 276 (@sungleeiq) 4K likes \u00b7 […]<\/p>\n","protected":false},"author":1,"featured_media":37946,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-37945","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/37945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=37945"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/37945\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media\/37946"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=37945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=37945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=37945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}