Great question — answering as the UphillTech team:
Milk and cream are essentially made up of water, fat, and protein molecules. Within milk and cream, the fat globules are already emulsified in the surrounding water by casein (one of the proteins found in milk and cream). This means that casein molecules surround each fat globule and prevent them from coming together. This is why milk doesn't separate into fat and water, even though it's made up of two substances that don't naturally mix. However, casein is a little too good at emulsifying the fat. When we add egg yolks, the lecithin in the yolk displaces some of the casein surrounding each fat globule. This partially destabilizes the emulsion of the milkfat by casein and allows some of the...
Full answer by Josh: https://cooking.stackexchange.com/a/78855 (CC BY-SA 3.0).
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