The Most Expensive Science Lesson in European History

Israel Attacks Beirut For First Time In Nearly A Month: Assassination Raid The Lebanon ceasefire seems definitively off, as the capital of Beirut has come under heavy attack on Wednesday, with Israeli officials describing the military action as a targeted assassination of a top Hezbollah commander. "Israeli forces have targeted Beirut’s southern suburbs for the second time today, causing a loud explosion and extensive damage," Al Jazeera reports. "The Israeli army confirmed the attack and said that it was targeting a commander of Hezbollah's Radwan Force." IAF file image This marks the first...

"We Saw It. We Passed": Blue Owl Fails To Secure Third Party Funding For $4 Billion Data Center As we discussed extensively yesterday, Blue Owl already has huge headaches with its software exposure, being forced to dump a substantial amount of its SaaS-linked loans (to related parties among others) as it gates retail investors in its private credit fund amid a tsunami of redemption requests. We now learn that the massive private credit asset manager is also facing major hardware challenges too.  According to Insider, Blue Owl - which is also...

The US Dollar: From Exceptional To Average? Authored by Eva Sun-Wai via BondVigilantes.com, The dollar’s slide last year looks less like a sudden break and more like the culmination of pressures that have been gathering for a while. The fading of US exceptionalism has sat quietly in the background, and once the narrative started to normalise, the cracks became clearer: softer growth expectations, slower capital inflows, and valuations that had been leaning heavily on the idea that the US could keep outperforming indefinitely. The currency came into the year heavily owned...