'Eject! Eject! Eject!' Inside the Private Credit Panic

'Eject! Eject! Eject!' Inside the Private Credit Panic

From The Journal. by The Wall Street Journal & Spotify Studios

May 6, 2026 · 21 min

About this episode

The episode discusses the recent panic in private credit and its implications for investors and American workers.

Private credit was the hottest craze on Wall Street. Throughout the boom, one firm became its poster child, Blue Owl. But a recent panic posed a troubling question. What happens if investors suddenly want out at the same time? WSJ's Matt Wirz reports on the turmoil and explains why private credit is something American workers need to pay attention to. Ryan Knutson hosts. Further Listening: - The Wall Street Craze Jamie Dimon Can’t Resist. Even If It Blows Up. - Private Equity and Crypto Could Be Coming for Your 401K Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

People in this episode

Host: Ryan Knutson

Topics covered

  • private credit
  • Wall Street
  • financial panic
  • investor behavior
  • American workers

Keywords

  • private credit
  • Blue Owl
  • Wall Street
  • financial panic
  • investors
  • American workers

Mentioned in this episode

Organizations: Blue Owl, The Wall Street Journal, Spotify Studios

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