Wed
May 6 2026
06:59 am
By: bizgrrl
Oh No The Capital Allocation System Allocated Capital Badly Again
Large banks including JPMorgan Chase, Morgan Stanley and SMBC are looking to offload risks linked to a glut of debt related to AI data centres, as they reach financing limits, the Financial Times reported.
...
Banks are reportedly approaching risk limits that restrict their exposure to individual borrowers or sectors, and are seeking to free up their balance sheets for further lending.
Brings back fond memories of the 1980s savings and loan crisis and the 2008 financial crisis.
Yeehaw!
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Discussing:
- Alcoa Hwy construction to extend to 2030 (2 replies)
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- Are Chat bots a waste of time? (1 reply)
- Musicians dropping out of President's Freedom Concert Series (1 reply)
- It's time for new blood in Congress, Barnett in - Burchett out (1 reply)
- Burning Down The House... (2 replies)
- Behind Lege Lies (1 reply)
- Peace (1 reply)
- Speak your truth, fight and believe. (1 reply)
- Large banks have too much AI data center debt? (1 reply)
- GOP misleading on federal health care funding (1 reply)
- Feds indict civil rights group (3 replies)
TN Progressive
- Alcoa property taxes will probably not go up (BlountViews)
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TN Politics
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Knox TN Today
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- Wallace Property Management team attends NARPM Southern States Conference (Knox TN Today)
- Weekend Scene from Concerts on the Square to Knoxville Brewfest (Knox TN Today)
- 6/17 HEADLINES: News and events from Knox, World, USA, Tennessee & Historic Notes (Knox TN Today)
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Local TV News
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- What happens in your body during road rage? Vanderbilt expert breaks it down (WATE)
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- Pilgrim’s to close part of Chattanooga poultry operations amid shift to Georgia - Chattanooga Times Free Press (Times Free Press)
- Immigrant org, La Paz Chattanooga, tries to bridge immigration perspective at local club - Chattanooga Times Free Press (Times Free Press)
- Lookout Mountain planners who support Rock City gondola explain why - Chattanooga Times Free Press (Times Free Press)
- Teen charged in connection with disappearance of Collegedale man - Chattanooga Times Free Press (Times Free Press)
Wire Reports
- Michelle Obama speaks ahead of Barack Obama at Chicago presidential center opening ceremony - CNN (US News)
- Gas prices fall under $4 as Trump signs deal to reopen Strait of Hormuz - The Washington Post (Business)
- SpaceX Stock Plunges Despite Getting 2 Big Price Targets - Barron's (Business)
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- Supreme Court rules government cannot restrict gun rights for casual drug use - NBC News (US News)
- Mortgage rates dropped this week as Iran peace deal took shape: Mortgage and refinance interest rates today, June 18, 2026 - Yahoo Finance (Business)
- Reflecting Pool algae bloom is one of biggest recorded in years after $14M renovation - The Washington Post (US News)
- Wall St advances as Iran deal optimism offsets hawkish Fed; Intel jumps - Reuters (Business)
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- California’s counting on an IPO tax windfall. Several factors are complicating the equation - CNBC (Business)
- Spot gold at $4,250/oz after U.S. weekly jobless claims dip to 226k - KITCO (Business)
- Hollister partners with Target to tap into $89 billion back-to-college shopping market - CNBC (Business)
- US Treasuries Rebound After Warsh’s Debut at Fed Stoked Selloff - Bloomberg.com (Business)
- Republicans fear Trump is hurting their chances. He can’t understand why. - Politico (US News)
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Lost Medicaid Funding
To date, the failure to expand Medicaid/TennCare has cost the State of Tennessee ? in lost federal funding. (Source)
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Ya know.....
I was wondering if making the most time move off grid/offline was going to be doable as far as sanity goes. It's getting hard to listen to the radio as the cut in NPR funding has resulted in a dramatic loss of radio signal for me.
I've increased the quality of my radios, spent a couple hundreds bucks on a few different things, but the signal quality is just deteriorating. You have to maintain and upgrade equipment. I used to get all four public radio stations that hit the mountains, Tri-cities, BPR, WUOT and WUTC (Johnson City to Asheville to Murphy to Chattanooga). Generally, there would have been routine issues with one or two stations, anymore, I'm lucky to pick up anything.
But here's the thing. The more news I get, the less I want. I wondered what it was like to live in one of those shithole third world nations under siege and underground all my life. It's not that bad. You'd be surprised. We talk about stream flows and compare rain gauge measurements. We match up the chapters in Al Gore's old book to specific weather events and trends that we're seeing. We work on our foundations and build seawalls in a probably futile attempt to combat the forces of nature. We're vigilant and keep an eye on people we don't care for. We have common interests. It's way better than I thought it would be.
Point being, I was always of the mindset that the worse it got down here, the worse it would get in the mountains as well, and it seems to be working just the opposite. The point being, this is an easy collapse to prepare for. If you can garden and barter, and your back isn't broke with debt, and you're willing to work a little extra to eat, you'll be okay. But old school food storage techniques have cut spoilage out of my food budget, so I just go to the Mennonite farm. After three years of figuring it out, it's starting to get easy. It's easy to live a hard life nowadays.