deaconblues555
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deaconblues555.bsky.social
deaconblues555
@deaconblues555.bsky.social
490 followers 470 following 1.5K posts
Former COTH alum. Booted for speaking truth to hate.badge of honor. No I did not learn to play sax. For longest time I thought lyrics said " we called our Pamela" well no. Those were not the lyrics.
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mschechak.bsky.social
Thanks. Separate from utilities there was a podcast with Steve Eisman interviewing an analyst at MoffitNathanson who commented there is more data center construction in private markets than public markets. How this debt financing gets sliced, diced and siphoned off will be interesting.
December 13, 2025 at 12:22 AM
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oldchickopinions.bsky.social
I'm sure you've seen this, but I found the most heartwarming rescue that allows the dogs to pick their hoomans. If you can get through a video without crying, I'd be surprised. 🐾
December 12, 2025 at 3:50 PM
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thetnholler.bsky.social
BILL BURR: “If someone’s working 160 hours a month and can’t make their rent, you’re not paying them enough. Maybe you should just be worth $900,000,000… How does a CEO take a f*cking 8 figure bonus and none of your employees have dental insurance?”
December 12, 2025 at 1:52 PM
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gazansrterrorists.bsky.social
youtu.be/n7JV_DaBFXk?...
"The next big crisis in financial markets is going to be private credit. It has the same trappings as subprime mortgage re-packaging had back in 2006"
Long T- bond yields always decline when the FED cuts rates.
But, Not this time"
- Jeff Gundlach
Jeffrey Gundlach Says Almost All Financial Assets Are Now Overvalued | Odd Lots
YouTube video by Bloomberg Podcasts
youtu.be
November 18, 2025 at 1:19 AM
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marchogan.bsky.social
Wrote again about what seems to me like one of the year's big stories, life insurers pouring money into credit vehicles that are less liquid and more opaque, for The Allocator newsletter. This time the news peg is a Moody's report. Subscription details: pardot.pageantmedia.com/l/284832/202...
Dance Like It’s the Last Day of Solvency Life insurance companies are rushing to credit’s center stage even as fresh scrutiny puts them under a spotlight, according to Moody’s research. Following the September collapse of subprime auto lender Tricolor Parts and car parts manufacturer First Brands, JPMorgan Chase CEO Jamie Dimon remarked that like cockroaches, more troubles lurked in the credit markets. Since then, BlackRock has acknowledged a 100% loss on a private loan, the chair of UBS warned of “looming systemic risk” from private credit ratings, and terms like “bad PIK” are mainstream. Large U.S. corporate bankruptcies are on pace for a 15-year high amid “credit jitters,” as Reuters delicately put it. Nevertheless, private credit — which tends to offer higher yields than publicly traded bonds — continues to expand, and life insurers keep gorging on it. Investments with private ratings, no formal rating from a credit agency, and with valuations based on significant unobservable inputs made up $685B — 18% — of the industry’s $3.8 trillion in fixed-income holdings at year-end 2024, according to Moody’s latest research. In the first half of 2025, those first two categories accounted for $118B or 23% of the US life insurance industry’s total bond spend (data on the third type, so-called Level 3 investments, wasn’t available). In other words, the broader financial and regulatory system sees what’s going on and alarms are sounding about the risks. Insurers know they’re under scrutiny and have kept at it, fattening their portfolios with private credit. The three life insurance companies with the most exposure to less-liquid credit as of year-end 2024, according to Moody’s, were: Security Benefit Life, owned by investment firm Eldridge Industries; Delaware Life, part of insurance holding company Group 1001; and MassMutual. Manoj Jethani, vice president and senior credit officer at Moody’s Ratings, told The Allocator in an interview that the question is which of these investments could come under pressure during an eventual downturn. “And the bigger question,” he said, “is which are the companies that are going to be holding these assets in some of those, and is there a correlation?” Moody’s is watchful – but the music is still playing, and life insurers dance like no one’s watching.
November 20, 2025 at 3:04 PM
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aciumaficionado.bsky.social
It’s not the VCs who are the really exposed parties (though they are)- it’s private credit markets and secondaries. By secondaries, I mean pensions. They’ve been buying this crap like it’s crack, and it’s going to $0.

If you’re in a union, demand answers, now.
November 22, 2025 at 9:33 PM
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daverino.bsky.social
"This time, risk is building through credit..funding is shifting from equity to bonds, special-purpose vehicles, leases, & private credit..forms of borrowing that..link back to banks & insurers..trouble will..show up 1st in credit markets, not stock prices"
www.project-syndicate.org/commentary/a...
The AI Bubble’s Shaky Math
Carl Benedikt Frey thinks the productivity gains are more muted, and the macro risks more pronounced, than in the dot-com bubble.
www.project-syndicate.org
November 25, 2025 at 2:59 AM
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thenoraheffect.bsky.social
I would like to be adopted, please 🥹
December 11, 2025 at 6:44 PM
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parkermolloy.com
Recently stumbled upon this Instagram account that's just a guy who lives in a downtown Chicago high rise throwing paper airplanes out his window. Dudes rock, tbh www.instagram.com/reel/DR3CmxB...
December 11, 2025 at 10:15 PM
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m-snail.bsky.social
Sorry for using comics and art to vent and cope with the world changing around me. I will return to drawing whimsical and silly frog wizards and adventures.
December 11, 2025 at 3:20 PM
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mmpadellan.bsky.social
FACT CHECK: TRUE
December 12, 2025 at 7:51 AM
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rmfifthcircuit.bsky.social
Judge Edison is the best.
MINUTE ENTRY ORDER: Earlier today, l issued a Memorandum and Recommendation [Dkt. 113]. Under the rules, objections are due on December 26, 2025. I do not want anyone working the last two weeks of the year. You should be spending time with family and friends over the holidays. I will, therefore, move the deadline for the parties to object to my Memorandum and Recommendation to Friday, January 9, 2026. Happy holidays to all! (Signed by Magistrate Judge Andrew M Edison) Parties notified. (rrc3)
December 11, 2025 at 11:52 PM
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thorbenson.bsky.social
I guess it's fitting that it's a reimagined, worse version of someone else's artwork
Time person of the year cover for 2025
December 12, 2025 at 4:00 AM
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thetnholler.bsky.social
Hard to believe this is real but it is — do better, Time 😕
December 11, 2025 at 10:53 PM
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nothoodlum.bsky.social
Nixon didn’t go to prison over Watergate, but 48 others were convicted and served time for the scandal - notably, his Attorney General. Attention: Pam Bondi meet John Mitchell.
December 12, 2025 at 5:05 AM
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dj-acid-reflux.bsky.social
My ex-husband’s landlady is 77 years old, five feet nine and a quarter inches tall, with broad shoulders, size seven feet and hair as wild as the kind of unidentifiable weed that you might one day find growing at the top of some steps. She lives at the crest of an important-looking hill in a tall thin house, which I personally believe is far too big for her, even though she, herself, is bigger than most women of her age. Directly below the important-looking hill is a much smaller hill. Balanced precariously on top of that is a squat, undistinguished building which also belongs to my ex-husband's landlady and which, for the last couple of years, my ex-husband has called home. I think I am correct in saying that, at some point in the mists of time, prior to my ex-husband’s landlady converting it, the building was used to protect goats from the rain. It could, however, have been sheep. You would have to verify this with my ex-husband or his landlady. Both of them have spent time with numerous animals and are good with information.
December 12, 2025 at 7:53 AM
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weratedogs.com
This is Bandit. He fell asleep while getting out of bed. We've all been there. 12/10 sweet dreams buddy (u/yarntist)
a silver pit bull puppy lays half in and half outside of his gray and black dog bed, which is propped up on its side. a lamb toy lays nearby as the little puppy snoozes soundly, totally unaware of the strange position he's ended up in.
December 11, 2025 at 11:51 PM
deaconblues555.bsky.social
@rbreich.bsky.social

can you please do a series of post on private credit markets? I am seeing some alarming comments about. Thank you.
December 12, 2025 at 12:26 AM
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thedeerwhisperer.bsky.social
Good night, Bluesky!

Pike Place Market, Seattle, Washington on a rainy night
📸Jack Darling
A market square on a rainy night
December 11, 2025 at 3:59 AM
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theonion.com
White House Begins Christmas Season With Ceremonial Lighting Of Cross
White House Begins Christmas Season With Ceremonial Lighting Of Cross
December 10, 2025 at 10:00 PM
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dj-acid-reflux.bsky.social
I can honestly say that one of my favourite Christmas Days ever was when I hung out on my own, ate a bagel as my main meal & watched a whole season of Deadwood.

Thing I have learned is: you can do December your own way. You don't have to cave to the consumerist bullshit.

www.tom-cox.com/december/
December
These are my bad weeks. It’s the same every year. If I seem reluctant to come out and see you on some kind of social occasion, don’t take it personally. I’ve just decided to save you the hassle of bot...
www.tom-cox.com
December 11, 2025 at 8:26 AM
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docstock.bsky.social
It’s always been so funny because, like, show a Republican from Arkansas a picture of an Armenian or Georgian and ask them if that’s a white person.
December 11, 2025 at 2:38 PM
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phileil.bsky.social
Can't say I ever expected to see a "That Font was No Angel" headline. But here we are.
A New York Times headline that reads: "Calibri’s Run-In With Rubio Wasn’t Its First Controversy."
December 11, 2025 at 11:56 AM
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thetnholler.bsky.social
Pay attention
December 11, 2025 at 2:47 PM
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annihowls.bsky.social
Since so many people enjoyed learning about spangled drongos, let me introduce you to another gem - the wattlebird. They looks like they took a couple of pepperoni slices and turned them into a pair of fashionable earrings
An Australian red wattlebird clinging to the side of a tree, his little red pepperoni earrings dangling from his little bird head
December 11, 2025 at 1:56 PM