@RnaudBertrand Saudi Arabia is built on money and patronage. When the pressure is on, the loyalty stemming from such things melt away. It’s a recipe for sudden regime change.
@JoshYoung And how is this different than when Democrats offers National Healthcare, or any politicians offering benefits/entitlements to the voter. The sad thing is his gambit may work. But it speaks less about Trump than the voters’ mentality.
@aeberman12@JananQotd@TheMichaelEvery@FT It may not be useful and is partisan, but it sort of hits the spot like house-cleaning the nostrils after a dry day in the desert.
@MarioNawfal These anachronisms r only useful BEFORE actual all-out war breaks out. Impossible to hide from satellites, sitting ducks for cruise missiles and torpedoes, a hell furnace for 000’s of sailors when hit. They become political liabilities when hit, therefore will be actively hunted.
@StealthQE4 The underlying loans in private credit tend to be floating rate. Hiking policy rates increase the interest costs, thereby causing potential bankruptcy