Blog Archive
The NTT Lesson for AI Stocks
Why today’s ‘safe’ tech infrastructure giants might be the next NTT—a capital-intensive monopoly that destroyed value after its 1987 IPO.
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The Cybertruck Tax on Tesla’s Core Business
Tesla’s 25% delivery spike masks a hidden cost: Cybertruck drains capital from the only profitable segment (Model 3/Y). This analysis unpacks the economics.
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The Policy Gap That Undermines AI Safety
Export controls on AI models create a dangerous gap: foreign competitors face constraints while domestic use remains unregulated. Here’s why this matters.
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The Hidden Rollover That Saves the US Treasury
Slow debt rollover masks US fiscal mess. Only 17% of $39T debt reprices quickly, keeping interest rates low and enabling the ‘run hot’ strategy.
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Housing’s Hidden Tax on China’s Consumers
China’s rebalancing failure is often blamed on high savings. The real culprit: housing asset inflation that silently taxes household consumption capacity.
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The Real Monopoly Behind Musk’s Trillions
SpaceX’s Starlink isn’t just satellite internet. It’s a government dependency play that made Musk a trillionaire by making the US state a captive customer.
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The Demand Trap of Automation
AI optimists focus on production abundance, but ignore the collapse of consumer spending. Without wage labor, aggregate demand disappears.
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The Strategic Value of Pointless Work
Most assume AI will kill jobs. But smart companies keep inefficient roles because work provides something more valuable than output: status and identity.
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