the kikes are getting nervous
Imagine being this insolvent
>>61948539lock the database to setup a new system on top of it.
>>61948539How come I'm only seeing xitter engagement posts about this?
>>61948550cyber police gonna backtrace ya
GETTING FUCKING NERVOUS he said
>>61948560What do you think anon?
>>61948539thanks for playing
>>61948539>investors are discovering why asset funds are called "asset funds" and not "cash funds"
>>61948539give me my fucking money michael
Well I just looked it up and its a fucking nothing burger. Its one fund that deals in illiquid assets
>>61948585>Asset sissies when they actually have to engage in price discovery.
>>61948539I NEED THAT BLACKROCK STERNS SIGN!
>>61948539Didn't know it was legal to pull that shit.
>>61948622Everything is legal against the goylem, maybe stop giving them liquidity and hold your fucking coins!
>>61948622Putting assets where its legal to pull that shit is kinda lmao
>>61948539Serious question how much will this crash the markets?
>>61948744nothing ever happens. the oil situation is temporary. trump will get a slap on the wrist and that's it. 80 year olds suffering from dementia rule this world, and will continue to do so for centuries while raping children, drinking their blood, and living like kings.
>>61948582His economic policy was pretty much turbo Keynesian. Eventually you wouldn't be able to redeem the Reichsmark either
>>61948539I voted for this
>>61948539Its in a private equity low liquidity product, not in every product. Its actually normal. They really want to push you out of the market right before certain orange nigger says "we won, its a great time to buy". Nothing ever happens
>>61948784This is a kike
Every clickbait outrage slop tweet distorts the story even more.What happened is: In this specific fund, it is contractually stipulated that investors can only withdraw 5%. Now the 5% limit was exceeded, the investors wanted to withdraw 9% and the previously stipulated 5% rule was activated for the first time in this fund. The fact that people wanted to withdraw so much is due to volatility in the market and is not a good sign. But it is also not a massive catastrophic crash indicator or anything.It is not the case that BlackRock did not pay out because it has payment problems or something like that. A previously stipulated rule was simply activated.
>>61949094correct, this fund invests in private credit assets. These are illiquid assets that take years to realize. If the investors did not want to have their money locked up, there are other funds with more flexibility.Private credit is under scrutiny lately since everyone is worried companies are going to start bankrupting left and right from AI disruption.
They are invested in so many stocks. Avoid them like the plague. They are going to dump so many stocks to pay these people back. Look up who owns whale shares in your stocks. Either get out or hold and buy the dip. Glad I did this when I was selling things off in the bull run.
>>61949094>>61949224These loans are bundled and collateralize the trillion dollar CLO market. It's over le burry face
>>61949349Do they hold miners?
>>61949424A little bit. Especially the big ones. I sold off the top and reinvested in smaller stuff. I am holding. Pure luck and conspiracy theory aware. Holding for now. Might buy the dip next year if they keep dumping in some of the larger ones. I haven't been hit too hard by the crash yet because I reinvested in start ups and recoveries. Even some things in other sectors. Doesn't look like they were too invested in mining considering that there is a critical mineral shortage the government is bitching about. All the TV stock guys and internet shills almost never talk about this because they want you to pump BlackRock's bags. I had them pump my bags then dumped them at the start of this year instead.
>>61948627I wouldn't even trust a Christian cokehead stock trader to do all my investing for me.
>>61949094The problem is this is not the first domino, we are well underway to financial crisis.>Blue Owl and New Mountain cooked>Blackstone hit with redemptions>Blackrock had marked down Net Asset Value of Private Credit TWICEThe 5% rule in this case isn't really about liquidity of Private Credit and preventing "fire sales."Investors want out because the underlying value is going to ZERO. 5% of ZERO is ZERO.You can pay Jannie salaries with it, I suppose.Blackrock could increase redemptions if they wanted to. They could fully pay out a bank run and effectively BAILOUT the market.So they are signalling one or both of the following:>No bailouts, no refunds, goy.>Blackrock is insolvent and incapable of bailing out the Private Credit Fund.The situation is far worse than you think. The main concern at the moment is the extent of CONTAGION.
>>61949841it's an asset fund, it holds hotels and factories and entire businesses, it can't and won't liquidate more than 5% of its worth per its biannual liquidation event just because there's a lot of laggards who want cash ASAP to dump it into oil or AI or whatever, this situation means that there is a lot of retards want to sell off their value investments and jump into fad bandwagon, if anything, that's bullish
>>61949224>Private credit is under scrutiny lately since everyone is worried companies are going to start bankrupting left and right from AI disruption.It's more likely that the Iran War Oil Shock prompted Middle Eastern Investors to do a bank run.The Irony of your statement, is that it's likely going to be AI companies hit the hardest.This might be the needle that pops the AI bubble.
>>61949863Because it is a "Private" market, there is a lack of transparency and we don't know what these funds actually hold. But we can speculate.What you say only makes sense in pre-2023 Private Credit.Starting in 2023, there was a "gold rush" into Private Credit. This means funds needed to search for alternative invesments to expand the market, not only relying on traditional assets that were part of Private Credit Portfolios.They became an "Alternative Investment Vehicle" and this is very bearish.
>>61949887>there is a lack of transparency and we don't know what these funds actually holdThey hold private companies:https://www.blackrock.com/us/financial-professionals/investments/products/alternative-investments/bpif#portfolio>This means funds needed to search for alternative invesments to expand the market, not only relying on traditional assets that were part of Private Credit Portfolios.This doesn't change anything. These assets cannot be liquidated overnight. There is a liquidation schedule, and the fund tries to liquidate 5% of its worth per event to satisfy redemptions. If the total sum of all redemptions is 9% of the fund, the 5% get paid, the remaining 4% will have to wait for the next event.
This is why I was reluctant to invest in Wendy's. I only bought 2 shares. Just looked like a fun meme stock. Too bad Blackrock owns a large portion of shares.
>>61948539just to be clear, this is a private equity fund, and unironically your boomer zestimate is fucked...not stocks
>>61948539It's because private credit isn't liquid. They are long medium/long term holds. Read the fine print faggots
>>61948539Go back to /pol/ with the other fucking retards who don't understand what Private Equity investments are.
>>61948539This is just for clients in their private money fund, it's not that big of a deal, yet.
>>61949094Thanks for clearing this up because I didn’t understand it. Makes more sense.
>>61949911>This doesn't change anything.Yes it does. In particular the expansion of the credit market has bubble effects, like in 2005 giving a mortgage to anyone with a heartbeat.The concern is that because these are risky loans, the real value of anything akin to heartbeat mortgages might be $0, it has $0 liquidity today, and $0 liquidity when it comes due.The bigger signal is not the redemption cap, the bigger signal is the marking down the NAV of the fund. The bank run is merely a reaction to that.This is worse than 2008, because the terms of those loans are not transparent, and they might not be covered by collateral. At least in 2008, mortgage-backed securities had collateral.The private nature of this market really allows banks and funds to hide risk.
>>61950067And these loans aren't publicly rated, who knows what shiester the fund manager found to give his assets a triple A rating.
>>61950076>>61950067>>61949911The other consideration is that Blackrock is big enough, in principle they could easily do the same thing Blue Owl did last year, and borrow or allocate money to cover investors who want to redeem.Just because the loans aren't immediately liquid, doesn't mean that Blackrock can't "bailout" the fund with their own cash or debt to meet liquidity demands.That also gives Blackrock "skin in the game" so to speak and improves counterparty trust.The fact that Blackrock aren't doing that erodes trust which is a major problem. It also begs the question of "well why can't they do that?"This is the so-called "stigma" effect, the the Fed's discount window.When you actually enforce the liquidity caps, investors think they are trapped and fell for a Ponzi, trust gets eroded.Halting a run like this can cause panic.
>>61950103like the Fed's discount window*
