Andy

nothing fun about this

can confirm

the contagion (to the extent it materializes) will be through repo and other bank leverage facilities to asset managers/insurers

“Dearest Mother, I have delivered my brigade from ignominy once more. This time it was the strength of my relationships that won the day and not the accuracy of my sidearm. The boys on the Farm are in soaring spirits.” - Capt. Andrew Luck

Young Army officers go to Ranger School not because it makes them a better leader or soldier (though it helps ime) but because you are expected to go and pass. It gives you credibility with soldiers, NCOs and senior officers alike when you have virtually none

The value of the CFA charter is not that a computer can ace the test and is superior to humans (it is), but rather that it signals a professional accomplishment, with a reasonably high barrier to completion, that demonstrates seriousness about one’s desire to be in this niche industry

This completely misses the point of the CFA program imo. It is a way for young people to demonstrate that they are serious about their chosen profession (working on the buy side)

real sickos would repo out the resid (0-12% slice)

Boy, this really doesn’t feel like a winnable series for the Cubs. Just not catching any breaks.

important to remember the banks view Elon as a fee machine

Wonder how the fire started

Secretary Mr. Hegseth, I’m glad war crimes are now legal. Please use your powers to outlaw passing at the service academies, thanks for your attention to this matter

my brain when I hear Bari Weiss

CUBES!!!

Only thing I disagree with in this take is leverage, no one is going to write me a 100% LTV loan on $806,500 worth of assets *except* Ginnie Mae

I just love that this tab-less Guardsman is lecturing this audience

These goons are just nabbing any brown person they see, glad this guy beat feet

The Bears are such a joke, man. Miscues and pre-snap indiscipline on offense. Arm tackles and laziness on defense.

Moment’s too big for Drew Allar

*SILVER LAKE, SAUDI PIF COULD UNVEIL $50B DEAL FOR EA TO GO PRIVATE: WSJ

Every purchase of Madden funds new bone saws

“It’s a ‘beaut, Clark” 😍

First fall shipments are arriving, you guys!

Abolish ICE is gonna be a mainstream view by the next presidential election bsky.app/profile/brad...

Certainly a technique to go down in auto credit at this point in the cycle

FWIW, here are the US CLO managers with the most exposure

It’s normal for 10-25% of PE buyouts to end in failure.

Is private credit ready to be on the hook for the losses? on.ft.com/4mtOJVO

the conspiracy wine moms will not be into this bsky.app/profile/hele...

The bleach stuff during Covid was idiosyncratic. This autism stuff allows you to push every kooky college-educated health mom into a precarious corner with Trump and they will flee that shit real hard ime

feels like they inadvertently broke the 4th wall today for a lot of reasons