PODCAST: Why This Recession is Different

Originally published at Judgenap.com and reprinted with permission The State Department used emergency powers to rush through billions in arms sales to Middle Eastern countries that have come under attack because of the US-Israeli war against Iran. The State Department Bureau of Political and Military Affairs announced a series of arms deals totaling $16 billion […]

"Shocking Levels Of Distress": CMBS Delinquencies Unexpectedly Soar To Covid Highs With market focused on private credit as the next credit market crisis vortex, many have forgotten that CMBS, the asset class that was smashed in the aftermath of covid as hundreds of office buildings were suddenly left vacant, has been teetering on the edge for years. For some, it proved to be a lucrative bet as the "next big short" after various office-heavy CMBX tranches collapsed in 2020 and 2021. But due to the slow-burning nature of commercial real-estate...

Trump Claims "Many Countries" Will Send Warships As US "Bombing The Hell Out Of Shoreline" To Reopen Hormuz Summary: US strikes on Kharg Island escalate war as Trump claims allies sending warships to Hormuz: Trump said US forces "obliterated" military targets on Kharg Island but warned Iran's critical oil infrastructure could be the. Iran vows bigger regional retaliation: IRGC warned the UAE that US "hideouts" there are now "legitimate targets"; UAE oil port hit, and US Embassy in Baghdad catches fire after apparent drone strike. Heavy casualties and explosions in Iran ongoing: US-Israeli strikes...