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With Private Credit We See The Credit Cycle Hasn't Been Repealed
With Private Credit We See The Credit Cycle Hasn't Been Repealed
Authored by Jay Rogers via RealClearMarkets.com,
Something cracked in private credit this month, and the men who manage systemic risk for a living are saying so.
Goldman Sachs CEO David Solomon's just-released 2025 annual shareholder letter warns that concerns about private credit - including "underwriting quality or exposure to software companies that may be negatively affected by AI" - are "a reminder that the credit cycle has not been repealed." His predecessor Lloyd Blankfein went further on Bloomberg's Big Take...
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May 23, 2026 / Tyler Durden
What 'Compassion' Isn't
What 'Compassion' Isn't
Authored by Laura Hollis via The Epoch Times (emphasis ours),
One of the most frustrating aspects of contemporary conversations about politics and public policy is how often the deleterious effects of terrible programs - local, state and federal - are brushed aside with distracting and even deceitful claims that the intentions behind the policies were "compassionate." This is an utterly wrongheaded analysis for many reasons. Laws, public policies, and government programs should be evaluated by their results, not by the state of mind of their advocates or sponsors.
Nathan...
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Sep 26, 2026 / Tyler Durden
China Pledges Major US Coal Purchases But Falls Short On Rare Earth Crisis Resolution
China Pledges Major US Coal Purchases But Falls Short On Rare Earth Crisis Resolution
Barclays senior China economist Yingke Zhou poured cold water on the Trump-Xi state visit this past week, calling it "more signaling, less substance."
Shortages of rare earths and critical materials in the West, caused by China's weaponization of its export channels in what can only be viewed as resource nationalism, have yet to be resolved.
But there was some good news, though not on the critical materials front: Bloomberg reported early Saturday that China is planning to purchase...
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Aug 27, 2026 / Tyler Durden
Alberta Premier Rejects Using Oil As A Weapon Against Trump
Alberta Premier Rejects Using Oil As A Weapon Against Trump
Authored by Charles Kennedy via OilPrice.com,
Alberta's Premier Danielle Smith has rejected the idea of slapping export taxes on crude oil exports to the United States in retaliation for the Trump administration's tariff salvo against Ottawa, saying they would be damaging to Canada.
Alberta Premier Danielle Smith speaks at the Canada Strong and Free Network in Ottawa on Thursday, March 23, 2023. (THE CANADIAN PRESS/Sean Kilpatrick)
"Although I understand the need to respond strongly to these tariffs, I cannot think of a more...
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