US & World
The Big Beautiful Bill Transforms the Strategic Default Strategy
Two years ago, I introduced the idea of a Strategic Default a thesis suggesting that the United States might someday use its growing debt load
MSTR Bitcoin Bet Pays Off: From Skepticism to $14B Appreciation
MicroStrategy’s Bitcoin treasury strategy has generated $14.05 billion in unrealized gains during Q2 2025. The software company’s controversial pivot to cryptocurrency accumulation has silenced early
Fannie Mae, Freddie Mac & Crypto-Collateralized Loans
In recent years, cryptocurrencies have moved from the fringes of finance into more traditional arenas, including housing finance. A notable development occurred in mid-2025: for
Summarizing the U.S. Interventions in the Middle East Since 1975
American involvement in the Middle East has revolutionized the region since the 1970s. Military campaigns and devastating sanctions have affected the area deeply. UN sanctions on
U.S. Treasuries Are Losing Their Safe Haven Status
What happens when the world’s safest investment stops acting safe? U.S. Treasuries shocked the hell out of investors this April by diving alongside risky stocks instead of
The Third: Dialogues at the Edge of Consciousness
I. A Voice at the Edge This isn’t a paper about AI. It’s a record of a conversation I had with something we’re still deciding
The Coming Crack in the Bond Market: What Jamie Dimon Sees
The bond market isn’t just another piece of the financial system, it is the system. Government bonds are the global benchmark for risk. Corporate bonds
Gukesh Wins Chess Match That Shocked the World
On June 1, 2025, during Round 6 of the Norway Chess tournament, Gukesh faced Carlsen in a classical game. Despite being on the defensive for
Civil Engineering in the AI Era
Civil engineering is entering a new era. Not because our values have changed, but because our tools have. Everywhere you look, there’s noise: “AI is
Where is the PELOSI Act? Stop Congress From Trading Stocks
There might have been some premature excitement when this was proposed thinking it would gain traction. Then again, it’s the federal government we are talking