Sell more junk securities to pension and endowment fund managers. Pay 'investor returns' with that money when you feel push back. Then rinse and repeat.
Hey Nick, I recently created an article detailing some of the same issues that you discussed, specifically focusing on the private credit industry. I found your article to be incredible.
I wish I knew about the the disparity between PE-owned insurers versus private placements, the Fed's Financial Stability Report, or the BIS statement as they would've all made good talking points.
You're a lot more knowledgeable about the subject than I am for sure and I would love to learn more in any capacity. If possible, I'd love to get your input:
I understood about a quarter to a half of this series, but enough to recognise morally splendid work. I'm just a small uk retail investor, so only tangentially connected, but I'm thankful your sort not only exists, but has the courage to act.
THANK YOU for doing this!!!
Just sent your article and web link to the Washington state governor. Couldn’t figure out how to get to the investment folks at Washington state!
Love it!
markedtofantasy.com was built with claude? I assume - Incredible work. What public APIs had the PC data? Loved this post
The PC data was very greenfield. It took me a lot of money via tokens. Fred was the top line numbers api. Cobbled together a lot to make it happen
Yep
Well done!
For the love of the game, respect
Well done! Love the opening line.
What an opening line 😂
This is very impressive work. Thanks and good for you! 🤛
"Some funds pay cash dividends using this phantom income. Real cash out. Fictional cash in."
How is this is sustainable? Where is the actual cash coming from for them to pay out?
Sell more junk securities to pension and endowment fund managers. Pay 'investor returns' with that money when you feel push back. Then rinse and repeat.
Hey Nick, I recently created an article detailing some of the same issues that you discussed, specifically focusing on the private credit industry. I found your article to be incredible.
I wish I knew about the the disparity between PE-owned insurers versus private placements, the Fed's Financial Stability Report, or the BIS statement as they would've all made good talking points.
You're a lot more knowledgeable about the subject than I am for sure and I would love to learn more in any capacity. If possible, I'd love to get your input:
https://substack.com/home/post/p-188376884
I understood about a quarter to a half of this series, but enough to recognise morally splendid work. I'm just a small uk retail investor, so only tangentially connected, but I'm thankful your sort not only exists, but has the courage to act.