Approximately one year ago (around early 2024), Jeff noticed a tone shift at a private credit conference panel that resembled pre-2008 language: discussion of tensions between firms, need to extend runway, and admission that they cannot liquidate positions—indicating hidden stress in private credit.
factualpending
Speaker
Jeff GundlachEvidence Quote
“I really uh first started thinking that something was changing 1 year ago, just about exactly 1 year ago, when I was speaking on a at a conference here in Los Angeles. And before my fireside chat, the group before me was a bunch of private credit people. And they were senior people from the big firms. And I was listening to them and I got this eerie feeling that I'd heard the the the tone change. Sounded a lot like where we were going pre- global financial crisis. Where suddenly everyone was everything looked absolutely fantastic and then all of a sudden you started to hear different language being used on the panels.”
Created: 8/12/2026, 6:25:56 PM
My Notes
Loading notes...