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What Michael Milken Would See In AI Chip Financing

What Michael Milken Would See In AI Chip Financing Authored by Patrick Feeley via Substack, Very few people in the AI financing debate are reading the deals like a credit trader would. We have had a week of headlines about who is raising what. Amazon is moving $8 billion of chips off its balance sheet. Broadcom is lending $42 billion to its own customer. Nvidia is offering to backstop $125 billion of the debt people use to buy Nvidia. The coverage treats each number as a scoreboard. Hardly anyone asks the...
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Apr 4, 2026 / credittrader
Dems' Ballroom Hate Is the Saddest Proof Yet of Their State of TDS Mental Unwellness
Dems' Ballroom Hate Is the Saddest Proof Yet of Their State of TDS Mental Unwellness Authored by Stephen Kruiser via PJMedia.com, There was a time not so long ago when the Democrats were formidable and — I'm not kidding here — occasionally enjoyable political foes. During the Tea Party years, we would often encounter Dem activists and hang out with them for a while. Sometimes we would even socialize. The Democrats of recent yesteryear bore no resemblance to the feral, frothing rage mob that the No Kings/Resist Dems are today.  It's both...
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Oct 1, 2026 / Tyler Durden
While Subprime Auto Loans Default, Their Bonds Somehow Keep Performing
While Subprime Auto Loans Default, Their Bonds Somehow Keep Performing America’s subprime auto market has become a fascinating example of how financial engineering can remain remarkably healthy even while the consumer sitting underneath it is getting progressively sicker, according to Bloomberg. Bloomberg recently dug through nearly 3 million auto loans originated by Exeter Finance, Santander, Carvana and GM Financial and subsequently stuffed into publicly traded asset backed securities between 2021 and 2023. What emerges from the data is a system built with enough interest, fees and collateral protection that borrowers can...
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Aug 18, 2026 / Tyler Durden
Trump Drops Map Of Hormuz As "New US Territory" Amid No Talks, Declares Strait "Open & Operating"; Crude Slides
Trump Drops Map Of Hormuz As "New US Territory" Amid No Talks, Declares Strait "Open & Operating"; Crude Slides Summary No talks: Trump confirms US-Iran negotiations are off. Hormuz attack: Tanker hit, injuring a crew member. Houthis escalate: Attacks shut Yemen’s Mokha port. Diplomacy stalled: Qatar says not mediating until Oman-Hormuz deal finalized. Iran hardens: Tehran says it maintains an offensive posture. Strait of Hormuz traffic returns to normal by September 30? Yes 9% · No 92%View full market & trade on Polymarket *  *  * Trump Confirms 'No Talks' - Says Hormuz 'Open & Operating'; Oil Slides President...
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