

You should possibly make this its own post because it’s interesting enough to be much more broadly discussed.
Here’s the full article for those also interested: https://archive.is/gXmCN
Removing my analysis here because the deal is too complicated for me to want to try to explain. The shortest version is poorly risk-assessed junk debt pools are being wrapped by insurance companies and sold to other investors as a way to both obfuscate the actual degree of the underlying debts risk have and reduce the risk to existing private lenders should economic downturn occur resulting in bankruptcy settlements which cause the asset (the sold debts) to be settled for less than expected market value. The insurance company wrapping also seeks to sidestep existing regulatory rules that were made in response to the 08 crash by making the regulatory risk assessment boundaries harder to analyze through the obfuscation (which results in systemic riskier-than-regulatarily-allowed but potentially more lucrative investmemt returns for institutional investors AND reduced risk for existing private credit firms (freeing up capital for additional lending/their own debt servicing) should line never go down).
The insurance company wrapping adds an additional layer of explosiveness should economic downturn occur that causes the insurance companies investor risk to falter and then downstream affect every packaged debt asset that their CDO-like financial instrument wrapping covers.
Please read the article- it’s dense but I think I have a decent understanding from it. Someone more capable than me please explain the additional layer of the insurance wrapping and how these wrapped CDOs vary from the subprime mortgage crisis implosion if you have the time please.




This is the big revelation of mine this year. Grabbed a better phone than I would have (secondhand- used phone market in my area is great) and picked up a Gamesir G8 Plus USBC.
Threw on every emulator (including switch) imaginable (I haven’t tried PS3 but really should) and a curated list of games I like/games I’ve heard good things about and I’ve got handheld gaming back!
I do recommend 2 things in particular: