$2 trillion private credit market faces first real stress test. Blue Owl restricts withdrawals, AI debt machine under pressure. Big Short Michael Burry warns AI data center spending is unsustainable.

Bull Theory @BullTheoryio 🚨THE $2 TRILLION PRIVATE CREDIT MARKET COULD BE FACING ITS FIRST MAJOR BANKRUPTCY. Blue Owl manages about $273 billion in assets. It is one of the biggest lenders behind the AI data center buildout. When companies like Meta, CoreWeave, or Crusoe need billions to build large data center campuses, they often go …

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Is this a “canary-in-the-coalmine” moment, similar to August 2007? Blue Owl permanently restricts withdrawals from private retail debt fund. Remember this scene in The Big Short?

Mohamed A. El-Erian @elerianm Is this a “canary-in-the-coalmine” moment, similar to August 2007? This question will be on the mind of some investors and policymakers this morning as they assess the news that, quoting the FT, the “private credit group Blue Owl will permanently restrict investors from withdrawing their cash from its inaugural private retail …

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BlackRock invests $6 billion in X AI in late December; two days later, Musk restricts verified accounts.

In late December 2024, BlackRock and other major investors participated in a $6 billion Series C funding round for Elon Musk’s AI company, xAI. This substantial investment is aimed at accelerating the growth of xAI’s artificial intelligence infrastructure and product offerings, signaling strong confidence in the company’s future. However, just two days after the funding …

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Alabama GOP bans state funding for diversity programs, restricts divisive teachings.

NEW: Alabama Legislature passes bill banning state funding of DEI, limiting teaching of ‘divisive concepts’ — Insider Paper (@TheInsiderPaper) March 20, 2024 Alabama’s GOP-controlled Legislature passed sweeping legislation that would prohibit state funding of diversity, equity and inclusion programs at public colleges and universities, local boards of education and government agencies, and that would limit …

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Global Supply Chain Pressure Index rises; Suez and Panama canals affected, China restricts rare-earth exports, heightening short-term goods inflation concerns.

🌍 Global Supply Chain Pressure Index rising. “Two continental shipping passages, the Suez and Panama canals, are suffering from obstructions to trade traffic.” Not good for short-term goods #inflation. H/t: @FinancialTimes pic.twitter.com/FBwiN1DIF1 — Alex Joosten (@joosteninvestor) December 21, 2023 🇨🇳 China Bans Exports of Some Rare-Earth Processing Technologies China accounted for more than two thirds …

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Washington Medical Commission RESTRICTS Lewis County Physician’s License for prescribing Ivermectin for covid.

OLYMPIA, WA – The Washington Medical Commission (WMC) restricted the license of Guito Cassagnol Wingfield (License #00048810) following a hearing in June. The WMC found that Dr. Wingfield prescribed ivermectin to five patients for COVID-19 infection without documenting a sufficient rationale for prescribing the medication, without informing the patients that the medication is off-label and …

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