No Cut, No Exit: Private Credit, Frozen Housing & Powell Holding the Line

Jerome Powell hit pause, but the economy definitely didn’t. In Episode 327, Chris and Saied break down a Fed that still looks stubbornly out of step with reality, a private credit market flashing louder warning signs than most of Wall Street wants to admit, and fresh housing data that makes the affordability crisis impossible to spin away. From rising default rates and redemption freezes in private credit to oil shock risk, sticky inflation, AI-driven job disruption, and a market still clinging to rate-cut fantasies, this episode is a sharp, funny, and brutally honest look at an economy being propped up by debt, narrative, and hope. It sounds grim because it is grim, but as always, THS is less about panic and more about spotting where the next real opportunity gets created in the wreckage.

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🔗 Resources:

Fed Chair Powell says that he will serve as Fed Chair until his successor is confirmed (Yahoo! Finance via Instagram)

Private Credit Default Rate Surpasses 2008 Crisis Peak (@tftc21 via X)

The $265 Billion Private Credit Meltdown: How Wall Street's Hottest Investment Craze Turned Into a Panic (Fortune via Yahoo Finance)

February 2026 Home Sales: 4.09 Million — Lowest Since 2009 (@nickgerli1 via X)

Top 10% of Earners Account for Nearly Half of All U.S. Consumer Spending — Near-Record High (@andrewyang via X)

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