Private Credit Panic Spreads As Consumer Loan Fund Gates Investors, JPMorgan Pulls Deal, Apollo Sees 20 Cent Recoveries

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We regret to inform you that while you were focusing on the war in Iran, things in private credit got worse... Much worse. 


Qatar Expels Iranian Diplomats After Strike On LNG Hub; Israel Attacks Iran's Navy In Caspian Sea

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Nothing but chaos...


"Fully Stretched": Some US Airports Face Possible Closure If Government Shutdown Prolongs

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The official said the partial government shutdown has placed financial strain on TSA workers living paycheck to paycheck.


200,000 Immigrant Truck Drivers Begin Losing Licenses Under New Trump Admin Rule

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Which leads us...and everybody else to ask: we had 200,000 immigrant truck drivers in the United States?


How The Iran War Could Trigger A Global Credit Crunch

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This oil shock may be the first of many interrelated economic shocks that are about to be unleashed on the global economy...


Chinese State Bankers Face Bonus Cuts Of At Least 30%

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The bonus cuts reflect tighter government control over a sector once known for generous pay.


Everything, Everywhere, All At Once

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...the energy crisis may be the pin... but actually, the pin in itself doesn’t matter... What does matter greatly however, is WHAT it pricked


Why The Left Is More Distressed, Anxious, & Filled With Hate Than The Right

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Among a subset of patients on the political Left, hostility toward political opponents goes beyond dislike or even hatred...


Stocks, Bonds, Bullion, & Bitcoin Battered As Iran 'Hammered', PPI 'Hot', & Fed 'Hawkish'

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...St.Paddy's day hangover - everything green turned red


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Israel struck the largest natural gas processing facility in Iran, and Iran targeted Qatar’s Ras Laffan, which is the world’s largest LNG plant, while Powell leaned hawkish at the post-FOMC presser.

The Iran Off-Ramp...

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Time is running out...


Cracks Forming As Markets Press Key Support

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The market is one move away from finding out what’s underneath.

Vance Embraces 'Fraud Czar' Role, Dems Plan To Make It A 2028 Liability

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"JD Vance’s first job as ‘fraud czar’ should be investigating Trump and his family..."


Ready For War? New B-21 Raider Activity Spotted Over Mojave Desert

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"What the f**k is the USAF testing now." 


Silver’s Hangover Isn’t Over — The Unwind Continues

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Silver: The rally pulled everyone in. Now it’s letting go.

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Fed holds rates as expected, Miran sole dissenter; Powell leans hawkish in presser; Hot US PPI; Iran's South Pars gas field was attacked, to retaliate on several energy facilities across the Gulf; QatarEnergy confirms Ras Laffan Industrial City has been subject to extensive damage from attacks; Iran confirms Security Chief Larijani was killed; BoC holds rates as expected;  EIA crude stocks unexpectedly build; Multiple Chinese companies said to have received approval to buy NVDA H200 AI chips.

Ten Charts That Caught Our Eye

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The Morgan Stanley Risk Signal has turned positive, exiting the risk-off signal reading it has held since Feb 27th.

Did US Intel Agencies Hide Chinese Interference In 2020 Election From 'Vulgarian' Trump?

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Questions over the integrity of the 2020 election continue to linger after revelation that analysts inside US intel community sought to conceal evidence of Chinese interference from then-President Trump...


Schiff: This War Is "Going To Cost A Lot Of Money We Don't Have"

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Coming to a gas station near you….


Fed Remains On Hold (As Expected) Amid 'Uncertain Implications' Of War With Iran

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...“the implications of developments in the Middle East for the US economy are uncertain.