Long-form articles and white papers on the private equity and private credit bubble, with every claim sourced from SEC filings, pension reports, insurance statements and public records.
Articles & Research
Long-form analysis on the PE/PC bubble — every claim sourced from SEC filings and public records.
What research has The Debt Crisis published on the private credit bubble?
The Debt Crisis project publishes long-form articles and white papers on the private equity and private credit bubble, with every claim sourced from SEC filings, pension fund reports, NAIC and insurance statements, and public records. Topics published between February and March 2026 include private equity marking its own valuations, CCLFX marks and PIK underreporting, and how pension money and BDCs fund private credit. None of it is investment advice.
Key takeaways
- "Marked to Fantasy" (Feb 27, 2026) argues that private equity controls $9.4 trillion and marks its own homework.
- "These People Are Not Investors" (Feb 21, 2026) covers $3.5 trillion in private credit and the dealmakers who deployed it.
- "Setting the Record Straighter" (Mar 11, 2026) addresses an undisclosed CCLFX defense, PCAOB Level-3 deficiencies and a 76% cash drop.
- "Your Retirement Is the Collateral" (Feb 22, 2026) traces where private credit money comes from, including pensions, BDCs and PIK.
- The project's interactive tools include a 431-firm screener, a map of 200+ pensions, a 123-entry RIA database and a 98-item signals feed.
White papers
Recent articles
| Date | Title | Focus |
|---|---|---|
| Mar 18, 2026 | The Call: A Lincoln Professional on CCLFX Marks | CLO structure, PIK underreporting, how to mark private credit |
| Mar 11, 2026 | Setting the Record Straighter | Undisclosed CCLFX defense; PCAOB Level-3 deficiencies; 76% cash drop |
| Feb 27, 2026 | Marked to Fantasy | PE controls $9.4T and marks its own homework |
| Feb 22, 2026 | Your Retirement Is the Collateral | Where the money comes from — pensions, BDCs, PIK |
| Feb 21, 2026 | These People Are Not Investors | $3.5T in private credit and the dealmakers who deployed it |
What Sources Does The Debt Crisis Project Use?
This site compiles the full substance of an investigative data project on the private equity and private credit bubble. All data is sourced from SEC filings, pension fund reports, NAIC/insurance statements, and public records. None of it constitutes investment advice. Several sections are interactive tools on the live site (maps, calculators, sortable databases) whose largest tables — the 431-firm screener, the 200+ pension map, the 123-entry RIA database, and the 98-item signals feed — are captured here as representative selections with totals noted.
Questions, corrections, or data tips: carson@passive.investments.
Frequently Asked Questions
What is The Debt Crisis project?
The Debt Crisis is an investigative data project on the private equity and private credit bubble, published on carsonscorner.media. It compiles long-form articles, white papers and interactive tools such as maps, calculators and sortable databases. All data comes from SEC filings, pension fund reports, NAIC and insurance statements, and public records, and none of it constitutes investment advice.
Where does The Debt Crisis get its data?
Every claim in The Debt Crisis research is sourced from SEC filings, pension fund reports, NAIC and insurance statements, and other public records. The project states that its long-form analysis on the private equity and private credit bubble is fully sourced, and it invites questions, corrections and data tips by email rather than relying on unsourced commentary.
What did the article "The Call: A Lincoln Professional on CCLFX Marks" cover?
Published March 18, 2026, "The Call: A Lincoln Professional on CCLFX Marks" focuses on CLO structure, PIK underreporting and how private credit should be marked. It is the most recent of five listed articles in The Debt Crisis series, which examines valuation practices and funding sources across the private equity and private credit markets.
What interactive tools does The Debt Crisis project include?
The live site includes interactive maps, calculators and sortable databases. The largest are a 431-firm screener, a map of more than 200 pension funds, a 123-entry RIA database and a 98-item signals feed. The compiled version presents these as representative selections with the full totals noted, so readers can see the scope of each dataset.
Is The Debt Crisis research investment advice?
No. The Debt Crisis project states plainly that none of its content constitutes investment advice. It is an investigative data project that compiles sourced analysis of the private equity and private credit bubble from SEC filings, pension fund reports, insurance statements and public records, intended as research and commentary rather than recommendations to buy or sell anything.