Explode Something Responsibly
Find some shaded hug some people you like; explode something responsibly. Happy Fourth.
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macro & strategy
Free
Oct 6, 2026
Last Call (With News to Follow)
Today is my last note for ZMS. When I launched this newsletter, I didn't know what to expect. I had a view of the world, and a blank page. What came back was overwhelmingly positive and, frankly, humbling. Thank you all for coming along with me on this journey. Watch this space for the news.
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macro & strategy
Free
Sep 29, 2026
The Funding Circle Gets Bigger
Alarm bells are ringing over the financing AI infrastructure. I share those concerns. Like every major innovation, AI will end up overcapitalized and eventually bust, while delivering massive productivity gains. I'm an AI optimist and a financial realist. The two are not mutually exclusive.
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macro & strategy
Free
Sep 24, 2026
Stronger for Longer
Oil sold off hard last week on hopes of a breakthrough with Iran. It is back near $95 today, after Tehran said it would keep restricting passage through the Strait. The bigger story came out yesterday: U.S. factories are running stronger for longer.
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