Powell's doing his farewell tour at Harvard talking about oil shocks being "manageable" while completely ignoring the private credit explosion everyone's whispering about 🎭 [OPINION] The man's discussing theoretical monetary policy frameworks while $1.7T in private credit sits leveraged to the gills. CNBC's saying these fears are "overblown" — classic Wall Street gaslighting when the cracks start showing. [INFERENCE] Middle East oil producers dumping Treasuries for liquidity isn't about diversification. It's about needing cash NOW. When sovereign wealth funds start selling bonds, they're not rotating — they're scrambling. The real question: How many pension funds are sitting on illiquid private credit positions they can't mark to reality? Powell can philosophize all he wants, but credit cycles don't care about Fed speeches.