# Private Credit on The No Agenda Show

Private Credit comes up in 3 chapters across 3 episodes of The No Agenda Show, from October 2025 to October 2026.

- **Chapters:** 3
- **Episodes:** 3
- **Discussed:** October 2025 – October 2026
- **Related topics:** [Blackrock](https://search.noagendashow.net/topic/blackrock.md), [Electric Vehicles](https://search.noagendashow.net/topic/electric-vehicles.md), [Interest Rates](https://search.noagendashow.net/topic/interest-rates.md), [Jensen Huang](https://search.noagendashow.net/topic/jensen-huang.md), [Larry Fink](https://search.noagendashow.net/topic/larry-fink.md), [Mortgage-backed Securities](https://search.noagendashow.net/topic/mortgage-backed-securities.md), [Nvidia](https://search.noagendashow.net/topic/nvidia.md), [Porsche](https://search.noagendashow.net/topic/porsche.md), [Robinhood](https://search.noagendashow.net/topic/robinhood.md), [Scott Bessent](https://search.noagendashow.net/topic/scott-bessent.md)

## Chapters 1–3 of 3

### Private Credit Maturity and Tokenization of Equities

- **Episode:** [1908: Chivatican](https://search.noagendashow.net/episode/1908-chivatican.md)
- **Published:** 2026-10-01
- **Time:** 46:04–49:33
- **Transcript:** https://search.noagendashow.net/episode/1908-chivatican/chapter/private-credit-maturity-and-tokenization-of-equities.md

Andrew Horowitz discusses the pressure on private credit deals predicated on low interest rates that are now facing maturity at 8% or 9%. He critiques Treasury Secretary Scott Bessent's bond-buying strategies as "crisis talk" that has failed to stabilize the market. The segment also explores Robinhood's move toward tokenizing equities, which Horowitz views as a redundant marketing gimmick.

Keywords: [private credit](https://search.noagendashow.net/topic/private-credit.md), [interest rates](https://search.noagendashow.net/topic/interest-rates.md), [robinhood](https://search.noagendashow.net/topic/robinhood.md), [tokenization](https://search.noagendashow.net/topic/tokenization.md), [scott bessent](https://search.noagendashow.net/topic/scott-bessent.md)

### Larry Fink and BlackRock, AI Infrastructure as Asset Class

- **Episode:** [1894: Fever Concerns](https://search.noagendashow.net/episode/1894-fever-concerns.md)
- **Published:** 2026-08-13
- **Time:** 1:27:03–1:31:18
- **Transcript:** https://search.noagendashow.net/episode/1894-fever-concerns/chapter/larry-fink-and-blackrock-ai-infrastructure-as-asset-class.md

Larry Fink of BlackRock and Jensen Huang of NVIDIA are spearheading a $500 billion investment initiative to treat AI compute as a new asset class. Critics compare this "financial engineering" to the mortgage-backed securities bubble that led to the 2008 financial crisis. The plan involves raising trillions of dollars from sovereign wealth funds to build out global AI infrastructure.

Keywords: [larry fink](https://search.noagendashow.net/topic/larry-fink.md), [blackrock](https://search.noagendashow.net/topic/blackrock.md), [nvidia](https://search.noagendashow.net/topic/nvidia.md), [jensen huang](https://search.noagendashow.net/topic/jensen-huang.md), [private credit](https://search.noagendashow.net/topic/private-credit.md), [mortgage-backed securities](https://search.noagendashow.net/topic/mortgage-backed-securities.md), financial engineering

### Subprime Auto Loans, Porsche Profits and EV Strategy

- **Episode:** [1811: NA Era](https://search.noagendashow.net/episode/1811-na-era.md)
- **Published:** 2025-10-26
- **Time:** 3:07:05–3:11:45
- **Transcript:** https://search.noagendashow.net/episode/1811-na-era/chapter/subprime-auto-loans-porsche-profits-and-ev-strategy.md

The subprime auto loan market faces a crisis as high-profile bankruptcies like Tricolor and First Brands trigger a sell-off in private credit. Meanwhile, Porsche reports a 96% plunge in profits due to a failed aggressive electric vehicle strategy and the high costs of returning to combustion engines. The broader automotive sector is seeing a shift back to petrol and hybrid models as consumer demand for high-performance EVs weakens.

Keywords: subprime loans, [porsche](https://search.noagendashow.net/topic/porsche.md), [volkswagen](https://search.noagendashow.net/topic/volkswagen.md), [electric vehicles](https://search.noagendashow.net/topic/electric-vehicles.md), jim chanos, [private credit](https://search.noagendashow.net/topic/private-credit.md)

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