Private credit has grown from a niche strategy into a core pillar of global finance. In the United States alone, the market now stands at roughly $1.3 trillion. That number may not sound alarming until you put it in context. Before the Global Financial Crisis, the segment of the mortgage market that ultimately triggered systemic stress—subprime and Alt-A securities—was estimated at around $1.5 to $2 trillion. In other words, private credit today is already in the same order o

When geopolitical tensions rise, oil markets tend to react almost automatically by pushing prices higher. The dominant narrative is straightforward: war threatens supply. Yet this reaction may overlook a powerful counterforce — demand destruction. The world witnessed a dramatic example during the COVID-19 pandemic. As governments and societies shifted into crisis mode, economic activity slowed sharply. Air travel collapsed, commuting declined, tourism disappeared, and discret