JFK and the Establishment

DOJ Probes BlackRock Private Credit Fund Valuations After Dramatic Repricings It all started in late January, just before the Blue Owl debacle and the SAAS-palcypse sparked a historic crash in private credit.  It was then that in a rare off-cycle disclosure, BlackRock TCP Capital Corp., a publicly traded private-credit fund structured as a business development company (BDC), disclosed a 19% markdown in net asset value as troubled loans weighed on performance. The news not only sent shares of the fund plunging 13% on Jan. 26, the most since March 2020 but market...

Italian ‌Prime Minister Giorgia ‌Meloni said on Tuesday that her government has halted the automatic renewal of a military Memorandum of Understanding (MoU) with Israel, as Italy has become increasingly critical of Israel’s wars and killing of civilians. “In light of the current situation, the government has decided to suspend the automatic renewal of the […]

Free Speech Shouldn't Be Just For The Party In The White House Authored by Charles Sauer via RealClearMarkets, One of the most important Executive Orders signed by President Trump on his first day in office was Restoring Freedom of Speech and Ending Federal Censorship. As the title suggests, the order forbids any U.S. Government employee from taking any actions that violate the First Amendment rights of any American citizen. The Executive Order is intended to protect against future encroachments on the right to free speech like those that occurred under the...