Guilded News EP11

Episode Notes: Three cracks in the global financial architecture that nobody's connecting.

Fracture 1 — Labor: The US lost 92,000 jobs in February. Economists expected a gain of 50,000. That's a 142,000-job miss in the wrong direction. Unemployment hit 4.4%. Labor force participation fell to its lowest since December 2021. Three of the last five months posted payroll losses.

Fracture 2 — Credit: BlackRock gated withdrawals on its $26 billion private credit fund after 9.3% of investors requested redemptions in a single quarter. The $1.8 trillion private credit industry just showed you what happens when the exit is too small.

Fracture 3 — Technology: The US Commerce Department drafted rules requiring government permission for virtually every AI chip exported anywhere in the world — even to allies. Comput ...