AI-driven software automation (specifically tools like Claude.code) now poses a threat to software company business models that were previously heavily supported by private credit, creating losses for private credit investors in that sector.

causalpending

Speaker

Eric Townsend

Evidence Quote

there's a whole lot of private credit was loaned to software companies. Then claude.code came along... it creates a threat

Source

MacroVoices #525 Lyn Alden: Iran Contagion, Inflation & Private CreditMacro Voices
Created: 8/12/2026, 5:52:35 PM

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