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David looks at why private credit may be setting the stage for the next major financial break. They walk through the growing risks in insurance portfolios, private equity, and commercial banking, and why more of that exposure may be finding its way toward everyday investors. The episode also covers recession pressure, energy shocks, interest rates, […]
[Axios] Iran closes Strait of Hormuz once again, fires on tankers
[AP] Iran says it has closed Strait of Hormuz again over US blockade
[Reuters] Indian ship attacked while crossing Strait of Hormuz, Indian govt source says
[AP] Iranian official says US ‘maximalist’ demands stall face-to-face talks
[Reuters] Iran says no date set for next round of negotiations with US
[Yahoo/LAT] California's gas prices push Uber and Lyft drivers off the road
[AP] Record US drought sparks worries about fires, water supply and food prices
[Axios] More home sellers turn into "accidental landlords"
[Bloomberg] Iran Broadcasts Hormuz Strait Shut as Owners Report Gunfire
[Bloomberg] The Jet-Fuel Surge Is Making Global Flight Connections Disappear
[Bloomberg] Ukraine Says It Hit Three Russian Warships in Crimea With Drones
[WSJ] As Economic Pressures Mount, Will Iran or the U.S. Blink First?
[FT] Iran claims ‘strict control’ of Strait of Hormuz and says it will not be fully reopened
[FT] Chart of the Week: Are Treasuries losing their haven status?
[FT] Top Fed official warns Iran war could spark ‘lasting’ price shock
[FT] Howard Lutnick tells Canada ‘they suck’ and vows to wind back trade deal with US
[FT] New kind of boom for US oil patch: Wall Street securitisation

David looks at why private credit may be setting the stage for the next major financial break. They walk through the growing risks in insurance portfolios, private equity, and commercial banking, and why more of that exposure may be finding its way toward everyday investors. The episode also covers recession pressure, energy shocks, interest rates, […]
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