The Trillion-Dollar Bet
Prediction markets have grown into a US$50 billion-a-month behemoth almost overnight. Some in Australia want a piece of the action.
The Art of Doing Nothing
The Art of Doing Nothing
The ceasefire is over, the ASX is going sideways and markets can’t pick a direction. History’s best investors say the smartest move right now might be no move at all.
Yellowcake Diplomacy
Yellowcake Diplomacy
Modi’s Melbourne visit is set to unlock a uranium trade twelve years in the making. Australia holds a third of the world’s reserves, but the ASX has been a sleepy place for producers. Is that about to change?
The Empire Steps Back
The Empire Steps Back
On the eve of America’s 250th birthday, Charlie considers what the latest signals from the administration mean for us.
Musk Looks Up. China Looks Down
Musk Looks Up. China Looks Down
SpaceX wants a million AI satellites in orbit. China just switched on a wind-powered data centre under the sea. Both are chasing the same prize: cheap power and free cooling for the AI buildout.
Nobody’s Buying
Nobody’s Buying
Our major cities are reporting the worst auction weekend since the depths of COVID. The ASX will feel it next.
The Great AI Loss Leader
The Great AI Loss Leader
The Hyperscalers are betting trillions that AI will restore their golden cashflow era. The economics underneath it are far weaker than the share prices suggest.
Era of the Mega-IPO
Era of the Mega-IPO
With more massive IPOs expected from the AI trade I take a look at history to see what it has to say about our market in the mega-IPO era.
What Elon Knows
What Elon Knows
A US perspective on where investors should be looking if they want to find the next space race.
The Problem with Exponentials
The Problem with Exponentials
The difference between AI that can reliably handle two-hour tasks and AI that can handle multi-week tasks isn’t just more capacity. It’s a fundamentally different economic reality.
