Turn on the News
FT headlines this morning:
"Morgan Stanley and Cliffwater limit private credit withdrawals"
"Investment fund questions valuations in Blue Owl’s private credit portfolio"
"Partners Group sounds alarm on private credit default rates"
And
"Goldman executive says private markets clients ‘glad’ about Iran war ‘distraction’"
So, if you have the private debt industry on your card, you might very well have a Bingo. Don't forget, the public banks are in private debt up to the ears.
Meanwhile, in the National Security State's (yes it was always ironic) "paper" of record,
Two Oil Tankers Burn Off Iraq’s Coast After Attacks
Iran claimed it had struck one of two oil tankers that were burning off the Iraqi coast. Iraq closed oil terminals amid growing disruption to global supplies.
What do you say about the last decades US spending of trillions upon trillions on military fanaticism, not to mention Lord knows how much of our collective soul, to keep open the global oil jugular and it's closed by a bunch of drones you might buy at Walmart?
Finally, if you have in the upper corner of your card, "MAGA drags the President from the White House," a ball you never thought would drop, don't despair.
Meanwhile, don't forget, we are here:
