CASHMAN: ELIZA BLEU AND THE PERPETUAL TRAUMA MACHINE—PART 1

This time last month, the Syrian military was sweeping through Kurdish territory in the country’s northeast Hasakeh Governorate, and having seized control of the al-Hawl prison camp, there were reports of thousands of ISIS-linked detainees being freed by the Islamist government’s forces. The government downplayed this issue, blaming the escapes on Kurdish security weakness, and […]

JPMorgan Limits Lending To Private Credit Groups After Marking Down Loan Collateral The barrage of negative private credit news, now that the $1.8 trillion bubble has burst, is coming hot and heavy.  Following last night's report that Cliffwater, a private credit interval fund which according to Rubric Capital "is the canary in the coal mine and will be the first domino in the bank run” was the latest fund to be hit with 7% in investor redemptions (and unlike BlackRock, interval funds can not gate investors), this morning the FT reported that JPMorgan...