Commentary
2026 Outlook: Dress for Success
The surprise of 2025’s post-Liberation Day risk-on dynamic across markets has established a pattern we expect to continue well into…
Read More2026 Outlook: Setting the Table
A conversation this week between business TV anchors included the following half-joking observation: “Credit managers are saying, ‘Our 2026 outlook…
Read MorePet Smart
News reached us last week of an unfortunate Shillington, PA man wounded when his shotgun went off. Police believe his…
Read MoreNo One Details a Rental Car
In his 1985 best-selling “A Passion for Excellence,” Tom Peters tells the story of General Bill Creech, who led a…
Read MoreOut to Lunch
The Fed’s rate cut last week of 25 bps brings the funds benchmark down to 3.75-4.00%. That’s roughly 150 bps…
Read MoreLetter From the Emirates
We wrap our recent MENA travelogue with a keen look at Abu Dubai and Dubai, the principal emirates of the…
Read MoreFirst Brands and Private Credit
We were in the 4th grade when a food fight erupted in the cafeteria at the table next to us. The…
Read MoreLetter From Kuwait
When we visited friends and clients in Kuwait last November, we noted increased sophistication of institutional and sovereign wealth investors…
Read MoreLetter From Oman
Our first visit to Oman last week was remarkable in several respects. We were reminded again how regional countries –…
Read MoreSwiss Army Knife of Capital (Part Three)
During the recent PDI webinar we were asked, beyond yield, diversification, and deployment, what private credit areas are most vulnerable?…
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