Explode Something Responsibly
Find some shaded hug some people you like; explode something responsibly. Happy Fourth.
More in
View All →
macro & strategy
Members
Aug 13, 2026
The Backward-Looking View is Good
The backward-looking inflation data is good. The forward-looking picture is more complicated. 3 things sit between the print we just got and the all-clear: oil, household wealth, and a tight labor market. I remain in the hike camp for September.
Read Analysis
macro & strategy
Members
Aug 4, 2026
You Cannot Torrent a Token
The price war developing in AI is not about price. A price war can be reversed; a download cannot. Publishing weights is different than cutting price; the weights are the model. Own the compute, not the models.
Read Analysis
macro & strategy
Members
Jul 30, 2026
The Raise
Reflexivity: the idea that a policy action can change the fundamental it is acting on, in the direction that reinforces itself. The Fed is running that experiment right now: four years of tightening keep failing to tighten anything for the households driving inflation.
Read Analysis