# What We’re Watching, Visa/Mastercard Spending Update, and KBRA DLD Default Forecasts

Page: https://stenobird.com/podcast/van-hesser-s-3-things-in-credit-a-kbra-podcast-4507838/what-we-re-watching-visa-mastercard-spending-update-and-kbra-dld-default-forecasts
Text version: https://stenobird.com/podcast/van-hesser-s-3-things-in-credit-a-kbra-podcast-4507838/what-we-re-watching-visa-mastercard-spending-update-and-kbra-dld-default-forecasts.md
Podcast: [Van Hesser's 3 Things in Credit - A KBRA Podcast](https://stenobird.com/podcast/van-hesser-s-3-things-in-credit-a-kbra-podcast-4507838)
Published: 2026-01-30T15:00:00+00:00
Episode link: https://podcasters.spotify.com/pod/show/kbra981/episodes/What-Were-Watching--VisaMastercard-Spending-Update--and-KBRA-DLD-Default-Forecasts-e3edeah
Audio file: https://anchor.fm/s/109cbc12c/podcast/play/114784017/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-0-30%2F96d43738-4726-1ddd-5673-156e1953a886.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/van-hesser-s-3-things-in-credit-a-kbra-podcast-4507838/episodes/what-we-re-watching-visa-mastercard-spending-update-and-kbra-dld-default-forecasts
Duration seconds: 855

## Resource

This week, our 3 Things are: 1. What we’re watching. Here’s what we believe will shape credit valuation over the near-term. 2. Visa/Mastercard spending update. The latest read from the global payments titans. 3. KBRA DLD default forecasts. Our own Eric Rosenthal weighs in with his outlook for 2026.

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/van-hesser-s-3-things-in-credit-a-kbra-podcast-4507838/episodes/what-we-re-watching-visa-mastercard-spending-update-and-kbra-dld-default-forecasts/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/van-hesser-s-3-things-in-credit-a-kbra-podcast-4507838/what-we-re-watching-visa-mastercard-spending-update-and-kbra-dld-default-forecasts.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.