Article
Gundlach Warns "Bagholders" Will "Lose Money" In Private Credit As BDCs Slash Asset Values, JPM Faces $500MM Loss In Biggest "Hung" Deal This Year
Gundlach Warns "Bagholders" Will "Lose Money" In Private Credit As BDCs Slash Asset Values, JPM Faces $500MM Loss In Biggest "Hung" Deal This Year
Add another vocal warning to the chorus singing about the dangers of private credit.
DoubleLine CEO Jeffrey Gundlach, who has been especially critical of private credit for the past year warning last November that the space “has the same trappings as subprime mortgage repackaging had back in 2006,” raised fresh concerns about financial advisers and other principals who ushered retail investors into private credit and other so-called...
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Aug 25, 2026 / Tyler Durden
Rabobank: Bessent's Buyback Looks A Lot Like "Whatever It Takes", And Druck Isn't A Fan
Rabobank: Bessent's Buyback Looks A Lot Like "Whatever It Takes", And Druck Isn't A Fan
By Michael Every of Rabobank
US Treasury Secretary Bessent took out a tactical nuke in saying he could use $1trn from the Treasury General Account to fund Special Military Operation Twist bond buybacks vs. the $2bn per round increase we saw last week. That looks a lot like the ‘Whatever It Takes’ mentioned yesterday: his former mentor Stan Druckenmiller is not a fan, apparently.
He also launched ‘Operation Economic Outcast’ to isolate and squeeze Iran further on...
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Aug 1, 2026 / Tyler Durden
22 EU Leaders Demand "Immediate Action" As Migrant Invasion Raises Fear Of Hybrid Warfare
22 EU Leaders Demand "Immediate Action" As Migrant Invasion Raises Fear Of Hybrid Warfare
Summary:
22 EU Leaders Demand "Immediate Action"
Italy Suspends Schengen Travel Agreement With Spain After Horrifying Ceuta Invasion
Spain's Border Invasion Is An Optics Disaster For Open-Border Democrats
Crazy Footage Shows Migrants Rampaging, Breaking Into Homes After Invading Spain
22 EU Leaders Demand "Immediate Action" To Spanish Enclaves of Ceuta and Melilla Invasion
European leaders criticized Madrid's socialist government as its open-border policies unraveled for the world to see.
The invasion of the Spanish enclaves of Ceuta and Melilla by 50,000 military-aged men...
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Jul 7, 2026 / Tyler Durden
The NYT Sat On The Rape Allegations Against Platner Last Month
The NYT Sat On The Rape Allegations Against Platner Last Month
Graham Platner's Senate campaign is imploding after Politico published a detailed account on Monday from Jenny Racicot, a 41-year-old Democrat from Maine, who accuses the progressive darling of rape. Donors are heading for the exits, Democrats are withdrawing endorsements, and calling for Platner to drop out.
But there's another scandal hiding in plain sight, and it involves the New York Times, which published an exposé last month featuring three women who dated Platner, who had each accused him of domestic...
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