"It's Really Illiquid": Goldman COO Warns Retail About Private Credit And The "Perception Of Liquidity"

'Our Military Is Helpless': Migrant Ambush Targeting Military Vehicles In Ceuta Was Pre-Planned, Police Claim Via Remix News, The attack targeting a military patrol in the Benzú area of Ceuta last night was a pre-planned ambush rather than a spontaneous clash, according to preliminary findings from the National Police. Now, military sources are speaking of soldiers who are unable to use physical force, have no weapons, and are vulnerable to such attacks in the future. Regarding the ambush, police investigators at the scene discovered an abnormal accumulation of heavy stones that did...

Governments at all levels abuse their “privilege” of eminent domain, the taking of private property for government use. Murray Rothbard understood that government was not justified to seize property for such use in the first place.

"The Cycle's TXU?": Paramount's Record Bond Offering Craters Before The Ink Is Dry On Monday we flagged that September was shaping up as the worst month for junk since 2022. We also noted that Paramount's $12.4 billion high-yield tranche would be bigger than SoftBank's recently issued record $11 billion junk deal. The next morning the company kicked off the high-grade portion. By Tuesday afternoon it reported $109 billion of demand.  With so much excess demand, the offering was supposed to fly off the shelves. It did not: the deal priced on...