Debt Remembered And Debt Ignored

The debt paid by America’s fallen is unpayable, but it is not unteachable; it is written in sacrifice, in folded flags, in names etched into stone...


Everything is fine until it isn’t.

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Wall Street still believes the system is stable. The S&P 500 continues hovering near highs. Passive inflows continue supporting index funds. 

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The Melt-Up Machine

Upside call skew across large-cap tech is now reaching meme-mania style extremes, increasingly echoing melt-up environments like 1997 and parts of 2003.

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Is The Entire AI Boom Built On Fake Revenues?

This perfectly mirrors the 2001 dot-com crash when Global Crossing and Qwest Communications swapped identical fiber-optic network capacity with each other just to book fake sales...