Blog Archive
Negative Real Yields Are a Hidden Tax
The US Treasury sold 3-year notes below inflation. This negative real yield is a hidden subsidy for the government and a warning for bond investors.
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The Permanent Inflation Floor
AI data centers drive permanent electricity price increases, creating a structural inflation floor that monetary policy cannot easily remove.
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The Hidden Cost of Homeowner Inflation
CPI’s OER masks real homeowner inflation from insurance, taxes, and maintenance. Here’s why it’s broken.
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The Silent Squeeze on Inventory
How the spike in 2-year Treasury yields is silently raising the cost of inventory financing for companies, before the Fed even acts. A business teardown.
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The Cash Drain That Feeds the Real Economy
AI boom’s at-the-market share sales drain investor liquidity to fund real economy spending, breaking the buyback cycle and fueling inflation.
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The Hidden Inflation Engine in AI Funding
AI investment boom converts idle investor cash into real economic activity via equity issuance, fueling inflation most miss.
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The Hidden Subsidy in T-Bill Yields
The Treasury’s $900 billion checking account is distorting short-term yields, making inflation look worse and rate hikes inevitable. Here’s the mechanism.
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The Negative Real Yield Trap
The Treasury sold $504B in T-bills at yields below inflation. This isn’t cheap funding—it’s a ticking fiscal time bomb that most analysts ignore.
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