The Confession in the Escalation: If Iran Is Beaten and Hormuz Is Ours, Why the ‘Unprecedented’ Sanctions?

The 'Blame Game' In Private Credit Begins Submitted by QTR's Fringe Finance This morning I warned (again) this wasn’t a normal market in private credit. It was a liquidity event. And today it’s becoming something else too. According to the Financial Times, the SEC is now questioning whether Egan-Jones, a small but deeply embedded credit rating agency in private credit, can “consistently produce credit ratings with integrity.” That’s not a routine inquiry. That’s the regulator openly wondering whether one of the key cogs in the machine was ever doing its job properly in the first place....

So now the die is cast and the United States has joined Israel in an unprovoked attack on a non-threatening Iran to destroy its military capabilities and to bring about regime change. This is a major mis-step that could easily turn out very badly as it is a pointless war of choice that could easily […]