2 months ago
Record money is piling into disaster bonds. The pay keeps shrinking.
And the Fed just re-opened the trade that helped break the system in 2008.
FS KKR booked it as income. The cash never arrived.
The premium fueling Bitcoin treasury companies has collapsed. Saylor sold to fund a dividend.
Tether made more money than Pfizer last year. Its depositors are retail users in Argentina, Vietnam, and Nigeria.
Inside the growing gap between what private credit funds say they're worth and what buyers are actually willing to pay.
The Dallas Fed put a number on it last month. Nobody noticed.
3 months ago
The loans are failing. The paper built on them keeps getting safer.
