Eurodollar University

cutting, not just cutting their net asset value, but also admitting behavioral changes

— Eurodollar University

Blackstone's gargantuan Bred in its gate is not the end of private credit, but it is indeed a major signal. The biggest players are now dealing with the same question. What happens when investors in illquid funds decide they want liquidity?

— Eurodollar University

Coinbase is also a crypto company operating in a crypto cycle that is increasingly unfavorable. When the crypto market weakens like it is now, trading activity, revenue, and the risk appetite all weakens with it. And in that context, Coinbase's layoffs are not some pure demonstra

— Eurodollar University

Microsoft is also operating in the same macro climate as everybody else is. Investors are demanding margin discipline growth that is more selective than during the pandemic lockdown supply shock years and a corporate environment where efficiency isn't just rewarded, it's demanded

— Eurodollar University

Oracle is having to lay off thousands, maybe tens of thousands because bubbles never change... now it appears they have to be cutting back on their workforce trying to conserve cash to maybe self-finance some of their hyperscaling buildout. It is indeed more evidence a more concr

— Eurodollar University

Walmart doing well is not automatically a sign the consumer economy is healthy. In fact, oftentimes, it's the opposite. Walmart does well when people are confident spending freely at times, but most times, Walmart does well because people have no choice but to trade down.

— Eurodollar University