Unpacking the start of the credit default cycle. Rethinking the role of liquidity in private credit. And sizing the financing needs for the AI super cycle and other structural trends.
Lotfi Karoui and host Greg Hall are looking at credit markets, front to back, on this episode of Accrued Interest.
Listen on Apple: https://t.co/IEelT8wNcb
Listen on Spotify: https://t.co/qgIDOPw84L
BREAKING: Saudi Arabia and Kuwait have reversed their decision to restrict the US military's use of their bases and airspace for "Project Freedom," per WSJ.
Details include:
1. Earlier this week, Saudi Arabia and Kuwait reportedly blocked the US from using their bases and airspace for military operations to reopen the Strait of Hormuz
2. Now that the decision has been reversed, President Trump is looking to "restart" Project Freedom
3. The US operation relies on a large fleet of aircraft to protect commercial ships, making Saudi and Kuwaiti bases and airspace critical to its execution
US oil prices are surging on the news.