Steve Eisman, the legendary investor who called the 2008 subprime collapse, warns that the next crisis is brewing in the $2 trillion private credit market. While the world watches the Middle East and AI valuations, a hidden web of leverage within insurance companies is creating a structural risk that no one has the data to quantify. The trade isn't about predicting the end of the world—it's about spotting the moment when the market's favorite narratives finally collide with reality.