A primer for Morgan Stanley clients invested in the firm’s North Haven Private Income Fund — where “semi-liquid” can quickly become “virtually dry.”
Private Credit: Code Red for U.S. Healthcare
As if U.S. healthcare isn’t dysfunctional enough, the industry’s growing exposure to private credit could eventually make today’s system look like the good old days.
If the model cracks, as many veteran investors predict, the fallout won’t just hit lenders and investors. It will be felt in doctors’ offices, emergency rooms, and patient bills.
Corporate BS and the Science of Sucking Up
A peer-reviewed study by a Cornell cognitive psychologist suggests employees who embrace corporate buzzwords don’t make the best employees but might be destined for the corner office.
Private Credit’s “Smartest Guys in the Room”
The history of Wall Street is rife with people who believed they were smarter by half and could engineer risk to near zero. In my lifetime there was Long-Term Capital Management, the hedge fund that employed Nobel Prize–winning economists who believed their mathematical models had tamed market volatility. For a…
Jamie Dimon’s Looming Cockroaches
JPMorganChase’s Jamie Dimon noted this week that today’s credit environment echoes what preceded the 2008 crash.
He wasn’t exaggerating.
The Web of Jeffrey Epstein’s Lawyers and Bankers
Jeffrey Epstein destroyed lives.
He also did business with some of the most powerful lawyers and banks in America.
Careers fell. Institutions didn’t.
Trump’s Moroungate and GM’s Biden White House
A primer on why people who control White Houses shouldn’t throw stones.
Donald Trump’s Gordie Howe Bridge Too Far
Here’s why Trump supporters should be at the front of the line demanding Commerce Secretary Howard Lutnick’s resignation over the Gordie Howe Bridge debacle.
When the World Talks Like Donald J. Trump
Imitation is the sincerest form of flattery. President Trump can take pride that leading political and business figures mimic his rhetoric and tone.
His critics should consider the implications.
The Davos Elite vs. GM’s Detroit Factory Zero
The Davos elite and GM’s Factory Zero workers in Detroit live in parallel universes.
One gets fawning corporate media coverage, access, and spectacle. The other gets layoffs, uncertainty, and attention only from a socialist website.