THINGS THAT ARE FINE

THINGS THAT ARE FINE

MEMO: THINGS THAT ARE FINE TO: Everyone who said private credit was mature, resilient, and built for volatility FROM: Reality DATE: March 13, 2026 RE: It is not fine Let's…

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Nobody Is In Charge

Nobody Is In Charge

Nobody Is In Charge March 12, 2026 Let me tell you what the past 48 hours actually sounded like, if you were paying attention. It sounded like a war-risk premium sitting at…

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Everything Is Fine

Everything Is Fine

MEMO: Everything Is Fine TO: Anyone still long risk assets FROM: The Market DATE: March 10, 2026 RE: A few updates you may have missed while refreshing oil futures Please be…

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