Meta's AI Would Like To Keep You Posting After You're Dead

Even the richest man in Rome was relegated to the shadows of his contemporaries. Before allying with Pompey and Caeser to form the First Triumvirate, Marcus Licinius Crassus amassed his wealth through shady real estate deals. Often bargaining for pennies on the dollar (or asses on the sestertius), victims of house fires were presented with […]

Subprime Crisis 2.0: Will Private Credit Be The Trigger? Via RealInvestmentAdvice.com, We have recently tackled the rising stress in the Private Credit markets. Here are a few of our previous warnings: Fitzpatrick: Soros CEO & CIO Warns of a Reckoning Private Credit Stress: Will The Fed Backstop Exuberance Again? – RIA Is Private Equity A Wolf In Sheep’s Clothing? After 30 years of watching credit cycles expand, distort, and collapse, I’ve learned one reliable rule: “When enough people start drawing comparisons to 2008, it’s worth stopping to check whether the analogy holds up — or whether...

Ugly 7Y Auction Has Lowest Bid To Cover Since September, Biggest Tail Since 2024 After two "terrible" coupon auctions earlier this week, moments ago the Treasury concluded the week's final auction when it sold $44 billion in 7 Year paper. It may not have been quite as terrible as the previous two, but it wasn't much stronger either. Starting at the top, the auction stopped with a high yield of 4.255%, up sharply from 3.790% in February and the highest since Jan 2025. It also tailed the When Issued 4.247% by...