United States

3 chain reactions that run through United States.

EP 02 ·

The AI Bubble's Hidden $1.65 Trillion Debt Bomb

On page 78 of Microsoft's annual report: $329 billion of leases that don't count as debt. Across Big Tech, at least $1.65 trillion.

  1. The promises
  2. The footnotes
  3. The side door
  4. The lenders
  5. You

United States

EP 01 ·

How the Iran War Could Pop the AI Bubble

A 21-mile strait in the Middle East and a $27 billion data center in Louisiana look unrelated. They are dominoes.

  1. The chokepoint
  2. Prices
  3. Rates
  4. The AI machine
  5. You

Iran · United States

More places in the chain