Healthcare in the US: Pillars & Sledgehammers
Our time at Camp Kotok included a riveting discussion around US healthcare policy, funding, and implementation. We follow up this morning with a report on policy blows to the functionality of US healthcare system.
777 Partners Bankruptcy
I strongly recommend readers take 4 minutes to read Chris Whalen’s IRA, “777 Partners and the End of Private Credit.”
“People in the private credit trade will tell you that raising new money today is almost impossible. Why? Because there are growing signs of contagion in the insurance sector…”
Quick Note After Leen’s Lodge: America’s Health
Fishing was great, weather warm; there was one rainy day. Intense, robust conversation with diverse views and collegial discourse was the daily norm.
Report From Leen’s Lodge
I’m sending this note while at the annual Camp Kotok gathering in Maine. It has been quite a week.
In Florida, Culture-War Politics Leave Collateral Damage
Even as wide swathes of American life have fallen victim to culture wars, higher education was seen as immune. Until now.
Interview with Chris Whalen — “David Kotok: Gold & US Credit Default Swaps in Euro”
Chris Whalen and I talked at some length recently about what US credit default swaps denominated in the euro can tell us about default risk and whether it’s a good idea now to hold some gold.
Size Matters — Or Does It?
Companies the size of SpaceX or Nvidia can move entire indices. What are the practical and psychological implications of enormous scale for investors?
Strategic Petroleum Reserve Status
TLR has provided a critical and objective research analysis of the Strategic Petroleum Reserve. We have permission to share it.
Hormuz: The War Heats Up
A quick note after reviewing the events of recent strikes on Iran by the United States. We’re attaching a July 17th note which described, and we’ve excerpted from it, some of the targets.
The Phillips Curve and Kevin Warsh’s Task Forces
Fed Chairman Warsh has announced excellent task force appointments, in my opinion. What models will they consider? Today we will talk about one of them — the Phillips Curve.