The Silicon Valley Bank collapse wasn’t unique, it was just first

Could Deep Blue California Elect A Republican Governor? Authored by Brad Jones via The Epoch Times, As tensions mount in the high stakes race for California governor, early results show Republicans have returned more than 905,000 ballots ahead of the June 2 primary election—a massive surge compared with the last governor’s race during the 2022 midterms. Ballots from Republicans made up 37 percent of the early ballot returns—up 11 percent from four years ago at this point in the primary process, while those from Democratic voters have dropped by 13 percent, according...

Whether rates go up or down, neither outcome will be pleasant, leaving a bondholder caught between the Unthinkable and the Unimaginable.

"The Situation Is Dire": Half Of Available Global LNG Tankers Are Trapped In The Persian Gulf There are thousands of ships in the global oil tanker fleet, by some estimates nearly as many as 9000 (and that excludes sanctions vessels). Just a fraction of these are either waiting to enter the blockaded straits of hormuz, or to leave it.  By contrast, the global LNG fleet is a tiny fraction, and now most of it is stuck inside the Persian Gulf.  According to the WSJ, at least 20 LNG carriers a bout half...