Jeffrey Gundlach says cracks forming in America's multitrillion-dollar private credit market

Billionaire investor Jeffrey Gundlach warned that America’s booming private credit market is showing cracks, comparing it to the unregulated CDO market that existed before the 2008 financial crisis — calling it "the Wild West" of finance.Gundlach, founder and CEO of DoubleLine Capital and known as the "Bond King," said the shakeout in private credit is no longer theoretical."The private credit thing is starting to be less of a theoretical shakeout, where some will be survivors and some may experience troubles. And now we're starting to see sort of the canaries in the coal mine kind of falling