*TRUMP WANTS IRAN'S 'UNCONDITIONAL SURRENDER', RULES OUT DEAL
Doesn’t seem like a man looking for an off-ramp, you guys
06.03.2026 14:21
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*TRUMP WANTS IRAN'S 'UNCONDITIONAL SURRENDER', RULES OUT DEAL
Doesn’t seem like a man looking for an off-ramp, you guys
Trump’s stated goal is regime change, not a limited strike. At this point, there’s no clear political off-ramp and Iran’s proxy militias are dispersed (making them difficult to eliminate in a short period) who are seeking to widen the conflict across the region. They appear to be succeeding
We’ve decided to placate our client state and in so doing created a vacuum alongside the most important shipping channel for EU/China commodity needs. There are no credible exile groups capable of assuming state functions in Iran, nor is there any stabilization plan that I’ve seen
4-5 weeks to this man is basically forever www.aljazeera.com/amp/news/202...
Genuinely think at this point people are ignoring the many indicators of a prolonged military engagement that’s likely with Iran (regional escalation, the entire track record of the 20+ year aftermath of every comparable U.S.-led regime-change operation since 2001).
I feel like over the next few months headline CPI will be spiky because of energy, you've got the increase in memory prices flowing through consumer electronics, real consumption growth might be negative because of the hit from gas prices, and then housing remains stuck.
looks like SMU heading to the CFP first round loss
“…coming out of the winter season, European storage is on average less than 30% full - lower than usual.” giftarticle.ft.com/giftarticle/...
like wtf are we doing here
Israel is not 51st state of the union
One of the great blunders in American foreign policy across multiple administrations is the fact that we don’t treat Israel like the client state they are www.nytimes.com/2026/03/02/u...
*BLACKSTONE ALLOWS INVESTORS TO PULL 7.9% FROM BCRED FUND
the plan, insofar as there is one, looks to me like 1) kill regime and IRGC leadership, 2) tell the opposition to leroy jenkins, 3) ???, 4) declare victory
a little chilly up here in Wausau but a great weekend for being outside
Heading up north to ski this weekend so here’s the apres lineup, you guys
sweet westie!
Filing the 8-K an hour after cash close, god I hope they’re down another 5% tomorrow
MFIC trading 26% below NAV and heroically decides to mark down their book by…3%
this took an hour to open up, very young
normally no drinks on a school night but exceptions can be made
Happy Wednesday, you guys
Got our tin can phone at home this week and my younger kids are obsessed. We have a little phone book with friends and neighbors numbers. Such a great throwback!
some GPs reducing target returns on new vintage vehicles (I saw HPS dropped to 7-9% net IRR in latest vintage). Retail don’t know and are buying 3- and 5-year performance anyway. I do think return compression has coincided with huge fee compression for GPs, this is priced like a beta product now
It was not that long ago that direct lenders said S+600 was a line in the sand. Then migrated to S+500.
If you’re allocating to funds doing B3/CCC lending with a 4-handle spread? Good luck!
Extraordinary and anonymously authored piece on the social costs of buyout PE and proposed regulations from someone clearly very involved in the industry businesslawreview.uchicago.edu/online-archi...
ehh, should be fine until the NAV loans and continuation vehicles start having issues
Would personally prefer to buy mid-80s dollar price
Someone’s probably gonna do well buying assets out of BDCs and putting them into a CLO for term, non-mtm financing