PODCAST: DHP Villains: Woodrow Wilson, Part 10

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...

Space Nuclear Power Initiative Sends Reactor Companies Flying An announcement from the administration's Science and Technology Director, Michael Kratsios, regarding the establishment of the National Initiative for American Space Nuclear Power sent reactor development companies higher over the following trading days.  The time has come for America to get underway on nuclear power in space🇺🇸 https://t.co/fLrM4MtNbM — NASA Administrator Jared Isaacman (@NASAAdmin) April 14, 2026 Relying on the opinion of Mr. Market is likely not the best idea in a technical scenario. Instead it's best to just look at the last attempt that...

Mamdani's Tax Fantasy Is Already Failing Somewhere Else Submitted by QTR's Fringe Finance Last week I wrote that Zohran Mamdani is a f***ing moron has proposed a new estate tax that is not really aimed at billionaires but at ordinary New Yorkers whose so called wealth is largely tied up in the homes they spent decades paying off. That argument may have sounded abstract to some readers, like a warning about unintended consequences that might or might not materialize. But we do not have to speculate about how these kinds of burdensome taxation policies play out....