Articles
Economics · Investing
Why Bitcoin Gets Stronger As AI Wins
AI keeps lowering the cost of producing almost everything. A heavily indebted financial system cannot comfortably let that show up as broad deflation. Bitcoin is what sits between those two forces.
Read the article
Featured Categories
Popular Articles


Built to grow: 12 companies and FY2026e revenue growth
Multiples don’t re-rate when the business changes


The neocloud stack: three layers, three different trades
The Fed Can Tighten Without Hiking
The Fed does not have to hike to tighten. It can keep the policy rate unchanged while expectations fall and
Core PCE Gives No Reason for a Rate Hike
Core PCE is still elevated, but the latest details do not point to a rate hike. Inflation is not fully
The Chair Changes the Answer: Why Policy Depends on the Hat
The chair changes the answer. Stanley Druckenmiller is second to none on macro, but an investor optimizing for one variable
NVDA Raises AI Server Prices: Why IREN Benefits
$NVDA is raising AI server prices 15%+ as memory costs soar, per @business. A $3M rack is about to be
IREN Is Getting Cheaper in Valuation, Not Price
IREN spent 2026 getting cheaper – not in price, but in valuation. The stock is up about 6% this year.

A Contract Says I Need You: Nvidia’s IREN Deal vs. NBIS
With $IREN and $NVDA earnings approaching, the NvidiaIREN deal keeps getting compared unfavorably with the $NBIS deal. That comparison misses

A contract says I need you: Nvidia and IREN
With $IREN and $NVDA earnings coming up, I keep seeing the Nvidia-IREN deal compared unfavorably to the $NBIS deal. FinX
$SPX Calls Point to New Records
Third straight red day. Yields at 19-year highs. OPEX tomorrow. And this morning whales spent $1.5 billion on $SPX calls
Who absorbs the adjustment
The mechanism is right as Luke states, and I’d argue it’s the correct play. Term the debt into bills, build
Treasury Buybacks Have Not Started Yet
Everyone saying Bessent’s doubled Treasury long-duration buybacks aren’t working is missing one pretty important detail: They don’t start until September
Bessent’s Long-Duration Buybacks Have Not Started Yet
The market is treating Treasury long-duration buybacks as if the policy were already pressing on the long end. But the
Bessent’s Treasury Operation Twist
Bessent: prevention of the infamous bear steepener and, worse, the long end blowing out by actively suppressing the long end