Meta Raising $13 Billion SPV For Texas Data Center As Its CDS Hits Record

National Counterterrorism Director Joe Kent announced on Tuesday that he was resigning from the Trump administration over the US-Israeli war against Iran, saying he could not “in good conscience” support the conflict. “After much reflection, I have decided to resign from my position as Director of the National Counterterrorism Center, effective today,” Kent said in […]

"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...

Preparation For Martial Law? Europe To Recruit Migrants For "National Defense" Europe's lack of military readiness has become painfully obvious in recent years, due largely to the war in Ukraine as well as the Trump Administration's efforts to force NATO members to fulfill their basic obligations.  Specifically, Russia's successful use of attrition tactics against NATO supported forces in Ukraine has exposed a significant weakness in western military doctrine. New and cheap technologies (including drone technologies) are making large scale maneuver warfare obsolete.  The era of super-weapons dominating the battlefield with minimal manpower...