Current Oppourtunities in High Yield Credit Markets

I believe there is considerable potential in betting against ai debt

It shouldn't be expected that revenues will scale sufficiently for interest and debt service coverage for hyper-leveraged pre-profit AI names.

This is not to say that the businesses are unviable, or if they will even eventually become profitable, but looking back at the railroads, fiber optic case studies it is very clear that datacenter debt is scaling beyond any reasonable measure.

BB