Money versus Monetary Policy

Bovard: The Late Robert Mueller, Bill Of Rights Executioner Authored by Jim Bovard Obituaries on eminent Washingtonians usually omit the dreadful precedents they set that will vex Americans long after their death. Not this piece. Former FBI director Robert Mueller died last week at the age of 81. The New York Times eulogized him as a “button-down, lockjawed, rock-ribbed exemplar of a vanishing caste.” In reality, Mueller was simply a twenty-first century version of J. Edgar Hoover, trampling the Constitution and seizing new power on any pretext. Mueller took over the FBI one week before the...

The proverb “revenge is a dish best served cold” traces to French (“La vengeance se mange froide”), appearing in English literature by the 19th century. Most Americans do not know the French orign of the proverb… It entered popular culture thanks to Star Trek. In Star Trek II: The Wrath of Khan (1982), Khan Noonien Singh delivers the […]

Blue Owl Plunges After Halting Redemptions On Private Credit Retail Fund Things are getting from bad to worse for Private Credit giant Blue Owl Capital. The last time we looked at the firm's precarious liquidity situation about a month ago, we found that the Blue Owl BDC would allow for 17% redemptions as investors, burned by both the tumbling stock price and the company's massive exposure to ticking private credit time bombs, were storming for the exit.  Blue Owl BDC Allows for 17% Redemptions as Investors Storm Exit: BBG — zerohedge (@zerohedge) January...