VolMachine
@VolMachine
Leverage is a volatility machine (paraphrasing Pettis). HY/IG/Loans/Distressed.
Imagine where this kind of language takes us to.
I just met with the President. I am recommending a full travel ban on every damn country that's been flooding our nation with killers, leeches, and entitlement junkies. Our forefathers built this nation on blood, sweat, and the unyielding love of freedom—not for foreign…
Chat is this bearish for AI?
David Sacks really understands AI and cares about the US leading in innovation. I am grateful we have him.
According to a new report from active-duty and retired FBI agents, there was a bit of an issue when Patel arrived at Provo in the aftermath of the Kirk assassination: he would not leave the plane without an FBI raid jacket. They found a female special agents' jacket for him. But…
This issue will exacerbate in 2026-28 and will lead to increase in leverage across HY/LL space, and sustained liability exercises.
I think more interesting for the private capital space, is not the next "cockroach" in private credit, but a changed backdrop. Since the GFC, these firms have had the tailwind of either low cost of capital or high NGDP. That "either, or" seems like a less clear bet going forward.
Viola Fletcher, Oldest Survivor of the Tulsa Race Massacre, Dies at 111 nytimes.com/2025/11/24/us/… via @NYTimes
Conclusion: The most basic reality on the ground is that the price of peace matters. A deal that rewards aggression wouldn’t be worth the paper it’s written on. America isn’t a neutral arbiter, and we shouldn’t act like one. (4/4)
mike johnson: we are going to make zohran mamdani the face of the democratic party donald trump: and what a beautiful face it is! look at that smile! we love zohran mamdani, don't we folks
“Would you be comfortable living in New York City under a Mamdani administration?” President Trump: “I would, especially after the meeting we had today.”
This remains the base case of mine that this week is the last week of chop and once QT ends, we can run into year end but the length of the run will be short
This is a reasonable setup for some chop for another week or so and then a Santa rally. Though I do think the year-end ramp would be an opportunity to decrease length.
great Jewish joke
Mamdani will be good or bad for NYC (Jewish voters) Bad 72% Bad 19% Siena #A - RV - 11/11
Imagine tweeting slow demise of one’s superpower with pride.
Interesting fact There are two presidents in this photo
United States Trends
- 1. Penn State 18.2K posts
- 2. #twitchrecap 12K posts
- 3. Romero 21.6K posts
- 4. #TADCFriend 1,454 posts
- 5. Slay 19.4K posts
- 6. Pat Kraft 2,103 posts
- 7. Paul Dano 1,028 posts
- 8. Zion 9,342 posts
- 9. #GivingTuesday 31.2K posts
- 10. Fulham 44.2K posts
- 11. Lewandowski 27.4K posts
- 12. Larry 60.7K posts
- 13. Adam Thielen 3,827 posts
- 14. Sabrina Carpenter 42.1K posts
- 15. Tarantino 7,322 posts
- 16. Alek Manoah N/A
- 17. Pedri 56.5K posts
- 18. Newcastle 32.6K posts
- 19. Rashford 10.4K posts
- 20. Blanca 30K posts
Something went wrong.
Something went wrong.