Christoph Gisiger

Blue Owl private credit fund merger leaves some investors facing 20% hit Asset manager blocks redemptions from one of its first private debt vehicles targeting wealthy individuals

'Blue Owl has blocked redemptions in one of its earliest private credit funds as it merges with a larger vehicle overseen by the asset manager in a deal that could leave investors with losses of about 20 per cent on their holdings.‘ www.ft.com/content/8c95...

The "rebasement" trade...

‘If there is a sudden stop in new lending to data centers, Ponzi finance units “with cash flow shortfalls will be forced to try to make position by selling out position”—in other words to force a fire sale—which is “likely to lead to a collapse of asset values.”‘ publicenterprise.org/report/bubbl...

Via @estherschindler.bsky.social

Investor 'Greed' Goes Off The Chart Below are some of the most interesting things I came across this week. Click here to subscribe to our free weekly newsletter and get this post delivered to your inbox each Saturday morning. LINK Fred ...

NEW POST: Investor ‘Greed’ Goes Off The Chart thefelderreport.com/2025/11/08/i...

Building Monuments To The Greatness Of Big Tech Below are some of the most interesting things I came across this week. Click here to subscribe to our free weekly newsletter and get this post delivered to your inbox each Saturday morning. LINK Point...

NEW POST: Building Monuments To The Greatness Of Big Tech thefelderreport.com/2025/11/01/b...

YouTube video by emlowz Barren Planet (Full Episode) - Sopranos: The Next Generation (Star Trek Sopranos crossover edit)

I can't believe someone did 13 minutes of this youtu.be/Mw3SV6U_p0Q?...

My standard spoilsport take on this: A company's market cap in real time is an inherently imprecise abstraction. Apple has been buying back about 100m of its shares per quarter so we'll probably find out from its earnings report on Thursday that it didn't hit $4T when it seems it did.

Okay i’m pretty sure I've seen this movie

‘This Is Not My First Bubble’: Nvidia’s Bear Stands His Ground Many on Wall Street like to style themselves as contrarians, but few are swimming against the current as hard as Jay Goldberg, the lone bear on high-flying Nvidia Corp.

“Once you trace down where all these GPUs are going you get into the weeds of the neoclouds and all these electricity and property deals that are taking place. It’s easy to see how some obscure company fails and that cascades down the rest of the supply chain.” www.bloomberg.com/news/article...

AI Is the Bubble to Burst Them All I talked to the scholars who literally wrote the book on tech bubbles—and applied their test.

‘AI may not simply be “a bubble,” or even an enormous bubble. It may be the ultimate bubble. What you might cook up in a lab if your aim was to engineer the Platonic ideal of a tech bubble. One bubble to burst them all.‘ www.wired.com/story/ai-bub...

Searching For Meaning In Gold’s Scorching Rally, Part Deux Below are some of the most interesting things I came across this week. Click here to subscribe to our free weekly newsletter and get this post delivered to your inbox each Saturday morning. LINK Raghu...

NEW POST: Searching For Meaning In Gold’s Scorching Rally, Part Deux thefelderreport.com/2025/10/25/s...

Searching For Meaning In Gold's Scorching Rally Below are some of the most interesting things I came across this week. Click here to subscribe to our free weekly newsletter and get this post delivered to your inbox each Saturday morning. QUOTE Many...

NEW POST: Searching For Meaning In Gold’s Scorching Rally thefelderreport.com/2025/10/18/s...

Could central banks ease too much? Financial crises and their consequences may be harder to arrest today than in the past

Raghuram Rajan: 'US financial conditions have eased throughout the Fed’s tightening phase. This suggests the excesses have not been squeezed out of the system, and will only grow again from a high level as monetary accommodation increases.’
www.ft.com/content/9511...

How Do You Measure A Bubble? Below are some of the most interesting things I came across this week. Click here to subscribe to our free weekly newsletter and get this post delivered to your inbox each Saturday morning. PODCAST Ho...

NEW POST: How Do You Measure A Bubble? thefelderreport.com/2025/10/04/h...

‘According to the Google Trends, search interest for "day trading class" is up 700% the past quarter and hit an all-time high this summer. Search interest in "trading coach" is up 325% over the same timeframe, while interest in "day trading group" is up 572%.‘ www.businessinsider.com/day-trading-...

'Feelings Of Economic Vulnerability Can Foster Revolution' Below are some of the most interesting things I came across this week. Click here to subscribe to our free weekly newsletter and get this post delivered to your inbox each Saturday morning. LINK New r...

NEW POST: ‘Feelings Of Economic Vulnerability Can Foster Revolution’ thefelderreport.com/2025/09/27/h...

bsky.app/profile/jess...

‘Copper prices soared after Freeport-McMoRan said force majeure was declared on contracted supplies from its giant Grasberg mine in Indonesia, the second-largest source of the metal.’ www.bloomberg.com/news/article...

The Perils Presented By An Increasing Passive Share Of The Stock Market Below are some of the most interesting things I came across this week. Click here to subscribe to our free weekly newsletter and get this post delivered to your inbox each Saturday morning. CHART Tors...

NEW POST: The Perils Presented By An Increasing Passive Share Of The Stock Market thefelderreport.com/2025/09/20/t...

Is There Any Real Money In Renting Out AI GPUs? NVIDIA has become a giant, unhealthy rock on which the US markets — and to some extent the US economy — sits, representing 7-to-8% of the value of the market and a large percentage of the $400 billion...

'NVIDIA operates as the supplier, customer and investor of every major Neocloud. This is extremely strange, and smacks of the kind of desperate moves that a company makes when it doesn't believe there will be enough future customers to sustain its growth.' www.wheresyoured.at/is-there-any...

'Cheap Equities Defend Investors From Inflation' Below are some of the most interesting things I came across this week. Click here to subscribe to our free weekly newsletter and get this post delivered to your inbox each Saturday morning. LINK The F...

NEW POST: ‘Cheap Equities Defend Investors From Inflation’ thefelderreport.com/2025/09/13/c...

‘4th largest inflow to gold funds on record.‘ www.dailychartbook.com/p/758 via @dailychartbook.bsky.social @mikezaccardi.bsky.social

‘The AI enthusiasm has helped drive the U.S. stock market's valuation well above historical levels. The S&P 500 is trading at over 22 times the expected earnings of its constituents, around its highest valuation in four years.’ www.reuters.com/business/ora...

'Ncredible' Below are some of the most interesting things I came across this week. Click here to subscribe to our free weekly newsletter and get this post delivered to your inbox each Saturday morning. STAT This ...

NEW POST: ‘Ncredible’ thefelderreport.com/2025/08/30/n...

Has The Stock Market Become 'Unsinkable'? Below are some of the most interesting things I came across this week. Click here to subscribe to our free weekly newsletter and get this post delivered to your inbox each Saturday morning. POST It wa...

NEW POST: Has The Stock Market Become ‘Unsinkable’? thefelderreport.com/2025/08/23/h...

Some experts claim recessions are history. What will they say after the next one? Hubris in the financial markets is most apparent when growth is robust and investors ignore the past.

‘Throughout history, when economic expansions have lasted several years and memories of the prior contraction have receded, economists begin declaring that recession will never come again.’ www.marketwatch.com/story/some-e...

'Investors See Nothing But Blue Skies' Below are some of the most interesting things I came across this week. Click here to subscribe to our free weekly newsletter and get this post delivered to your inbox each Saturday morning. LINK "Inve...

NEW POST: ‘Investors See Nothing But Blue Skies’ thefelderreport.com/2025/08/16/i...