Supreme Court Delivers Crushing Blow To Trump's Tariffs + Prince Andrew Arrest And Aliens!
Tom Bilyeu covers Prince Andrew's arrest tied to the Epstein files, the Supreme Court striking down Trump's tariffs, and warning signs in the $1.8 trillion private credit market.
The gist
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The Supreme Court ruled 6-3 against Trump's tariffs, stripping his main leverage in trade talks and forcing him to find new legal routes.
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Private credit funds hold a structural flaw: investors can redeem short-term while the underlying loans are long-term, the same mismatch that caused the 2008 crisis.
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Blue Owl Capital dropped quarterly redemptions, and JPMorgan's CEO warned that problems in private credit rarely stay isolated, raising contagion concerns.
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Bilyeu says the K-shaped economy only benefits asset owners, roughly 10% of Americans, making economic optimism a hard sell heading into the midterms.
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