PauloMacro’s Substack

PauloMacro’s Substack

An Emerging Credit Risk with Contagion Potential

When Managers Need to Make Room

PauloMacro's avatar
PauloMacro
Dec 19, 2025
∙ Paid

Most of you know I’m not much of a credit guy, but something has been gnawing at me over the past week as a possible red flag so throwing this out there fully expecting peals of laughter. I would welcome hearing back from credit readers in particular on this.

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