Private Credit: The New Junk Bond Market

Iranian Foreign Minister Abbas Araghchi said on Tuesday that he heard from diplomats from other countries that no one expected Iran to be able to “resist” the US in the way Iran has done in the war the US and Israel launched on February 28. “I have heard this many times from foreign ministers and […]

"Going To Cripple Our Economy": Small Businesses Sound Alarm Over Record Diesel Price Spike The latest AAA fuel data from across America shows that the national average diesel price at the pump has jumped nearly 40% this month, surpassing the 2022 fuel spike that followed Russia's invasion of Ukraine. Surging diesel prices are already generating a shock across trucking, rail, shipping, farm equipment, construction machinery, generators, and much of industrial logistics, given that the fuel powers the core of the economy. Seasonality: AAA Daily National Avg. Diesel 2022 vs. 2026 Companies now face...

Speaking Loudly And Leaning On A Big Schtick By Michael Every of Rabobank Yesterday saw the regular schtick where the Middle East situation remains worrying, but markets reacted to more positive narratives. After four crew and two rescuers were killed in a Houthi Red Sea attack on a ship and the US struck another in the Gulf of Oman’ trying to break its Iran blockade; Iran said Hormuz will stay closed unless the US meets its over-reach conditions; Trump doubled down on economic warfare vs Tehran because he thinks it’s “bleeding...