Gundlach Warns "Bagholders" Will "Lose Money" In Private Credit As BDCs Slash Asset Values, JPM Faces $500MM Loss In Biggest "Hung" Deal This Year

AI Authoritarianism: A Government Without Constitutional Brakes Authored by John & Nisha Whitehead via The Rutherford Institute, "United States AI companies must be free to innovate without cumbersome regulation." - President Donald Trump, Executive Order 14365 The era of small government is over. Anyone who tells you differently is selling you a lie. Case in point: Donald Trump promised to shrink the federal government. But what if Trump's pledge to cut the federal work force wasn't really about eliminating government bureaucracy but outsourcing it to the AI tech sector? What if Trump, with the backing of a...

After Putin's Guarded Iran War Comments, Medvedev Enters The Chat Earlier this week President Putin weighed in on America's Iran operations, and as we detailed his comments were predictably a bit guarded. He had compared the war and the Hormuz Strait closure - and subsequent impact on global energy - to the massive widescale impact of the Covid-19 pandemic. But fundamentally he highlighted the "unpredictable" nature of the conflict in terms of where it's headed, as Washington appears to be searching for an offramp on its terms. On Friday Dmitry Medvedev weighed...

When government equipment isn’t enough, the free market comes to the rescue.