John Rubino's Substack

John Rubino's Substack

Recession Watch: Is Private Credit The New Subprime Mortgage?

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John Rubino
Mar 03, 2026
∙ Paid

Oil has been one of the worst-performing commodities lately, due mostly to rising US production and relative peace in the Middle East. Well, that peace ended with a bang last weekend, and oil has erased its price declines. Higher gasoline prices are likely to follow.

While oil was spiking, pretty much everything else tanked on the news that this latest w…

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