Blog Archive
The Bond Market Still Believes in a Dead Fed Put
Warsh killed forward guidance, but the narrow 2s10s spread says the market still prices a Fed put. Long duration remains dangerously underpriced.
Read Post
The Leverage That Broke Seoul
SK Hynix and Samsung’s operational leverage turned a market correction into a 34% crash. The hidden cost structure behind the KOSPI bloodbath.
Read Post
The Index Concentration Trap
SK Hynix and Samsung dominate the KOSPI, turning a chip sell-off into a systemic crash. This structural flaw amplifies losses.
Read Post
The Real Inflation Engine of AI Data Centers
The surge in electrical equipment orders reveals a dangerous inflation spiral that most analysts overlook in the AI data center boom.
Read Post
The Shallow AI Economy
Google’s report: AI used in 88% of jobs but only 21% of tasks. The real story is how shallow assistive use reshapes pricing and labor costs.
Read Post
The Land Trap Behind the Condo Crash
Condo prices are plunging in 30 US cities, but the real story isn’t the bubble. It’s the structural flaw in how condos hold value when the building ages.
Read Post
The Hidden Liquidity Trap Killing Condo Prices
Condo prices are crashing, but the real driver isn’t just rates. A quiet Fannie Mae rule is strangling demand and forcing cash-fire sales.
Read Post
The Debt Deluge Behind High Yields
Why the 30-year yield at 5.06% is less about inflation and more about the sheer volume of Treasury debt hitting the market.
Read Post
Connect with me
I don't have a newsletter, but I share daily thoughts and updates on social media.