Credit Bubble Stocks
Thursday, July 2, 2026
Thursday Night Links
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Our modern Midas-in-Reverse hopes his hagiography one day describes the great ‘labor’ of his shepherding the nation through an historic cros...
Tuesday, June 30, 2026
Books - Q2 2026
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The Man Who Ran Washington: The Life and Times of James A. Baker III (3/5) Since we are having a new Gulf War , we decided to read about th...
Saturday, June 27, 2026
Imperial Tribute
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A government with budget deficits around 6% of GDP, debt above 120% , and a worker-to-retiree ratio under three is headed for a crisis. In ...
Thursday, June 25, 2026
Thursday Night Links
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If defeat seems a strong word, consider what we do know about how this war will end. Iran has suffered significant damage from U.S. and Isra...
Tuesday, June 23, 2026
You Cannot Grow an Acre
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Right now, there are nine companies in the S&P 500 with market capitalizations over one trillion dollars: NVDA, AAPL, GOOGL, MSFT, AMZN,...
3 comments:
Tuesday, June 16, 2026
Monday Night Links
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The trillion-dollar cluster—+4 OOMs from the GPT-4 cluster, the ~2030 training cluster on the current trend—will be a truly extraordinary ef...
Saturday, June 13, 2026
How much bitcoin would be too much to own?
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Imagine if you had most of your net worth in Bitcoin. How might this have happened? Maybe you are a Bitcoin enthusiast who has been stacking...
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