If You’re Confused, So Is Everyone Else
The lack of a clear narrative for this market recovery suggests underlying confusion. So what can be done?
The Company Who Cried Wolf
The Company Who Cried Wolf
AI company Anthropic has been on the rooftops shouting about the threats of its upcoming model. Insiders have widely panned the move as a marketing ploy. So where are the risks?
The Last Barrels
The Last Barrels
Australia’s fuel vulnerability just went from theoretical to very real overnight.
The Cockroaches are Multiplying
The Cockroaches are Multiplying
Six weeks ago, I asked whether private credit was the new subprime. Things are only looking worse since.
The Chokepoint Always Wins
The Chokepoint Always Wins
Markets continue to price this as a temporary disruption. But the idea that Iran will simply hand Hormuz back for free looks naïve in the gaze of history.
AI’s Next Bottleneck is Plumbing
AI’s Next Bottleneck is Plumbing
Everyone’s watching chips and power. Almost no one is watching the optical shifts that insiders are scrambling to solve. That’s about to change.
Death of the Petrodollar
Death of the Petrodollar
Iran is offering Hormuz passage in exchange for yuan settlement. This could be the wedge that splits the world’s financial system in two.
An Era of ‘Cheap War’
An Era of ‘Cheap War’
Drones are reshaping warfare. And the economics of shooting them down don’t add up. Here’s one company that could change that.
Our Modern Interregnum (Pt. 4)
Our Modern Interregnum (Pt. 4)
The final part of Charlie Ormond’s meditation on our modern era. Today explores three ways our current crisis could end, and a clear investible solution.
Our Modern Interregnum (Pt. 3)
Our Modern Interregnum (Pt. 3)
Part 3 of Charlie Ormond’s meditation on our modern era. Today explores the hidden mechanism behind today’s supply shock.
