Holding the Higher Ground: MCAs on Trial
For years, merchant cash advance funders have said they aren’t lending, and their contracts say so in writing. The distinction is worth a lot to them, because a product that isn’t a loan doesn’t have to answer to lending laws. Lately, that’s a harder case to make. Courts in Texas have been ruling the other […]
Stepping Into the Arena, One File at a Time
Inflation accelerated in recent weeks, stocks fell, and long-term interest rates came down anyway. The 10-year Treasury yield dropped below 5% after falling 19 basis points in a single session, in a month when consumer prices ran at 3.7% and climbing. Money leaving AI and tech stocks moved into Treasuries faster than the inflation data […]
Chop Wood, Carry Water: Lending Through the Noise
A 10-year Treasury at 5.3% and a stock market at record highs aren’t supposed to happen in the same week, but they did in late September. The 10-year hadn’t hit such a level in more than two decades. Ask anyone in January whether both could be true by October, and they’d have said rates that […]
Wrong Turns and the Way Back Home
We flagged the hike odds but missed on cheaper capital. Here’s what the Fed’s move means for bonds and banks, and why factoring held its ground.
A Faster Read on Every Prospect
NN6 just launched First Glance Underwrite. Here’s what it caught in two sample reviews, and where we draw the line on letting AI near a credit decision.
Mentors, Markets, and Margins
A legendary investor told the Treasury Secretary he’s wrong. Here’s what the bond fight means for banks, lending, and your cost of capital.
Seeing the Economy We Believe In
Two smart investors can look at the same economy and see two entirely different stories. One sees a market at its top, held up by a handful of AI names and a consumer running low on savings. The other sees resilience, real demand, and the first innings of a productivity boom. Same data, same headlines, […]
Tracking the Frontier
Is AI the next transcontinental railroad or track laid into empty desert? A look at the economy, the bulls, the skeptics, and what already works.
Friends, Foes, and the Fine Print
Merchant cash advances borrow factoring’s good name to sell a predatory product. Here’s how to tell the real ally from the imposter.
Foundations in the Fourth Turning
History repeats in cycles. The dollar is evolving, manufacturing is coming home, and the foundation for what comes next is already being poured.