Report: US Preparing Major Escalation Against Iran That Could Include Ground Troops and Intensified Bombing

Bamboozled Once Again... Authored by Jim Quinn via The Burning Platform blog, “One of the saddest lessons of history is this: If we’ve been bamboozled long enough, we tend to reject any evidence of the bamboozle. We’re no longer interested in finding out the truth. The bamboozle has captured us. It’s simply too painful to acknowledge, even to ourselves, that we’ve been taken. Once you give a charlatan power over you, you almost never get it back.” ― Carl Sagan, The Demon-Haunted World  “Narcissists are unstable and go through repeated cycles of self-destruction, with...

"Shocking Levels Of Distress": CMBS Delinquencies Unexpectedly Soar To Covid Highs With market focused on private credit as the next credit market crisis vortex, many have forgotten that CMBS, the asset class that was smashed in the aftermath of covid as hundreds of office buildings were suddenly left vacant, has been teetering on the edge for years. For some, it proved to be a lucrative bet as the "next big short" after various office-heavy CMBX tranches collapsed in 2020 and 2021. But due to the slow-burning nature of commercial real-estate...