Goldman Sachs Just Confirmed the Worst-Case Scenario

For the first time in this cycle, the money going out of major private credit vehicles has surpassed the money coming in. That is the headline, how private credit machine is now facing sustained investor outflows. Stage 2. And here’s the other big part of that – these net outflows are indeed forcing asset sales onto an industry that was never really built for this. That means we’re already deeper into Stage 2 than most people would think.  Eurodollar University's Money & Macro Analysis--------------------------------------------------------------------------------Learn more about Augusta Precious Metals and what they have to offer - including physical gold for IRA accounts - by going to: https://EurodollarGold.com or text EURO to 35052. --------------------------------------------------------------------------------Private Credit BDC Redemptions Exceed Fundraising for First Timehttps://www.bloomberg.com/news/articles/2026-05-14/private-credit-bdc-redemptions-exceed-fundraising-for-first-timePrivate Credit’s Unthinkable Becomes Reality as Trading Revs Uphttps://www.bloomberg.com/news/articles/2026-05-21/private-credit-s-unthinkable-becomes-reality-as-trading-revs-upFitch Ratings’ U.S. Private Credit Default Rate Hits a High of 6.0% in April 2026https://www.fitchratings.com/research/corporate-finance/fitch-ratings-us-private-credit-default-rate-hits-high-of-6-0-in-april-2026-18-05-2026?cs=0&hl=en-US&biw=1600&bih=731Private Credit Fund Touts Quick Profit Buying Debt at 65 Centshttps://www.bloomberg.com/news/articles/2026-05-05/private-credit-fund-touts-quick-profit-buying-debt-at-65-centsGoldman Sachs Private Credit Fund’s Share of Bad Loans Riseshttps://www.bloomberg.com/news/articles/2026-05-07/goldman-sachs-private-credit-fund-s-share-of-bad-loans-increasesHSBC Drags Feet on $4 Billion Private Credit Investment Efforthttps://www.bloomberg.com/news/articles/2026-05-15/hsbc-drags-feet-on-4-billion-private-credit-investment-effortAMP Trims ‘Frothy’ Private Credit Assets in Investment Pivothttps://www.bloomberg.com/news/articles/2026-05-18/amp-trims-frothy-private-credit-assets-in-investment-pivothttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU