The IndiaAI Subsidy Trap: A ₹25,437 Crore Deficit and the Sovereign Compute Lock-In
What is the structural cost of the IndiaAI Mission? MeitY's ₹4,563 crore allocation creates a ₹25,437 crore deficit for 100,000 GPUs. Analysis reveals how data egress fees legally lock MSMEs into…
Why the US Iran War Just Made India's Clean Energy Transition an Economic Mandate
An objective, deeply researched analysis of how the U.S.-Iran conflict and Strait of Hormuz disruptions are forcing India to rapidly allocate capital into biogas, nuclear, and clean energy…
The Middle East, Hormuz and the New Mercantilism
The provisional surrender document signed by Donald Trump appeared to represent a triumph for Iran and indeed for the world; but neither the USA nor Israel has the slightest sense of honour and they…
We cannot trickle our way to a fairer Britain
Andy Burnham's speech at the People's History Museum in Manchester this morning has been trailed as a pledge to deliver "good growth in every postcode", Read the full article...
Who are the top fintech firms of 2026?
I was thinking about the companies I reference often as hot fintech start-ups and then realised that they are no longer start-ups. They are companies building the infrastructure, intelligence and…
Gambling in Norway: Why Betting and Lotteries Are So Tightly Controlled
The post Gambling in Norway: Why Betting and Lotteries Are So Tightly Controlled appeared first on Life in Norway.
Thinking in Ecosystems: From Climate to Planetary Resilience Tech
Climate tech is losing trendiness but not relevance. This post explores what’s replacing it and why mission and values matter more than branding.
Bullet Sunday 959
I’ve been sick allll weekend. But don’t worry about a thing… because an all new Bullet Sunday starts…now…    • Greed Hike! After record-breaking…
Case Study 39: When Clients No Longer Fit the Economics of the Big Four
Why Deloitte, PwC, EY, KPMG and BDO Are Separating Parts of Their Nordic Businesses In July 2026, Deloitte Denmark announced what appeared to be a relatively straightforward strategic transaction.…
Enough is never enough
The pressing issues in Australian politics are not the lack of shared values but low productivity and greed. This is where reform efforts should be focused.
The Money Myths Your Favourite Finfluencer Keeps Repeating
Every few weeks a chart goes viral: “this one person is now richer than the entire GDP of [some country].” It collects a hundred thousand likes, and it is comparing two numbers that…
Cryptocurrencies, the most important paper in economics, and an ad hoc bond market
Perhaps the most important economics research paper in several decades was recently published in the Journal of Economic Perspectives, and it has largely gone unnoticed. It reveals that the Japanese…
The Search for El Dorado: How Traditional Data Science Unlocked the Hidden Markets of Latin America
Expanding into Latin America is not the UK game of branding. Here is how traditional data science found the hidden, government-backed markets the incumbents never saw, and turned a sub-$1,000 trickle…
The Industrialization of Tax: How Recurring Expertise Quietly Adopted a Different Economic Model
Tax has long been regarded as one of the great advisory disciplines within professional services. It sits at the intersection of regulation, finance, corporate strategy and governance. That…
This Week in Snark: The GPU Mortgage Comes Due, Memory Becomes Money, and Robots Learn to Fear Paperwork
OpenAI flinched at its own IPO, Micron printed software margins on RAM, and the robots learned to fear a safety review. The AI bill has arrived.
Comedy Is Hot
  So I’m looking through the midyear issue of “Pollstar” and there’s a chart for “Venues With Capacities Of 5,000 Or Less.” Now if you’re a dedicated follower of the main “Pollstar chart (if not…
Welcome to the recession phase of the current stagflation
The result is going to be a recession, very possibly a severe recession, and one that goes on for a very long time. It’s not obvious yet, because businesses are still spending huge amounts of money…
The big melt
The great housing melt continues. A crash in Canada was never in the cards. Never likely. Never happened. Never will. Real estate is too ingrained in the national psyche. It’s where most families…
“AI Boom Risks Global Financial Crash, Warn Central Bankers”
Via: Telegraph: Substantial debt-fuelled spending on AI is driving up the risk of a global financial crisis, central bankers have warned. The Bank for International Settlements (BIS) said on Sunday…
Post-Merger Integration Checklist for Revenue, Data and Customer Systems
You signed the deal. The wire cleared. And now the real work begins: protecting the revenue, customers, and operational clarity that justified the valuation in the first place. Most deal teams know…
The Laziest Generation
The Laziest Generationby Ibrahim DialloIbrahim talks about house prices in the US, how it's only getting worse, and the perception from previous generations that kids today are somehow lazy because…
MacKenzie Scott's giving, in QALYs
An interactive cost-effectiveness model for MacKenzie Scott's $26B in philanthropy — and the AI prompts that built it.
What The Fudge for June 28, 2026: Cost Crunch, IPO Chill, and Agentic Future
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The fintech engineering rules that actually hold
Three separate people sent me the Fintech Engineering Handbook this week, which is usually a sign the document is answering a frustration engineers already had. It covers the fundamentals of building…
★ Bernie Sanders: Ideologue and Economic Ignoramus
Sanders’s tweet is better punctuated and capitalized, but it’s the same argument as Trump’s. Zero economic sense, 100 percent ideological wishful thinking.
Is Jeremy Grantham Right Or Wrong About Bubbles (and Bitcoin)?
The data shows the opportunity cost of avoiding bubbles in the modern era. Jeremy Grantham built a career calling bubbles. With his AUM ranging from the 65B to 120B level over his career, he’s…
Roku Waved the White Flag
It’s been years since I last wrote about Roku. The lack of discussion reflected the company having lost relevancy in video streaming despite reporting continued growth in customers and watch time.…
The money knowledge revolution
Like a lot of people I have only really started paying attention to how money really works the past few years. There is so much content online these days. But it‘s worth remembering this is a very…
Only Little People Pay Taxes
Review of " The Second Estate ", by Ray Madoff, about how the rich have excused themselves from paying taxes. "A system that requires someone who earns $100,000 to pay almost 30 percent in payroll…
Commercial Due Diligence Checklist for B2B Acquisitions
You are three weeks from signing a Letter of Intent on a B2B software company. The seller’s management presentation shows 40% year-over-year growth, strong retention, and a healthy pipeline. Your…
The Shape of Compute Curve
In a recent podcast, Lambda (one of the neoclouds) CTO Stephen Balaban expressed almost bit of a disdain for the critics who wondered whether the hyperscalers or neoclouds are “gaming”…
I Don’t Like Mondays…..When Is My Retirement?
Retirement is just the beginning of your plan. Read more in this week’s terrific links.   Wealth and money aren’t the same thing. Darius Foroux The real purpose of your retirement…
Long term economic growth rates
I draw some charts of GDP per capita growth from 1900 to 2023, for various countries, using data from the excellent Maddison Project in economic history at the Groningen Growth and Development Centre.
Collateral Worthiness in The Hierarchy of Finance in a Capitalist Economy
This is part two of an ongoing premium series. Find the introduction to the series here and part one here.  Buy a Paid Subscription Since the last piece on the IOU was an…
Video on You Wouldn’t Steal a Car
The brilliant content creator economist Matt Hill has posted a video “How Piracy Accidentally Created AI” to the @EconNerds channel on YouTube. The video is so funny (and smart!) that I…
How we pick ’em
. By Guest Blogger Ryan Lewenza . We’re often asked how we select the exchange traded funds (ETFs) that ultimately make it into client portfolios. It’s a rigorous process, so today I’ll walk through…
Sector rotation: would seeing it coming make you rich?
A sharp sector rotation has swept the US stock market, and the instinct is that a clever forecaster could have called it and cashed in. But experiments by Elm Wealth — first with finance graduates…
May 2026 was the worst sales month for Xbox consoles *ever*
Mat Piscatella: Hardware - PlayStation hardware unit sales fell to…PlayStation hardware unit sales fell to their lowest May total since May 2000, while Xbox hardware unit sales were the lowest…
The Mobility Paradox: EVs Need a New Ecosystem
There is a fundamental inconsistency between what consumers expect from transportation and what today’s electric vehicle market actually delivers. Most people want more comfort and less…
When will the AI price wars begin?
When I say AI is too expensive normal people tend to look at me like I'm crazy. ChatGPT has a pretty generous free tier. For those who choose to pay, $20/mo gets you essentially unlimited AI for…
GUEST POST: The Finite Planet Fallacy
"The pie is fixed. The Earth is a closed system. You cannot have infinite growth on a finite planet." We hear this constantly, and it's delivered like a law of physics — case closed, only a…
Why Are Investors Holding More Cash?
A closer look at the retail trading boom in the 2020s. The post Why Are Investors Holding More Cash? appeared first on A Wealth of Common Sense. ...
The Overdiagnosis of Market Failure
The Overdiagnosis of Market Failure Walk through any policy debate and you’ll hear the phrase “market failure” tossed around like confetti. It’s become the default justification for government…
Stop Calling Everything a Market Failure
Walk into any policy debate these days and you’ll hear it. Housing shortage? Market failure. Sky-high healthcare costs? Market failure. Concert tickets you can’t afford? Market failure. The phrase…
The Brave New Barbeque and the End of Business Analysis As We Know It
There is a comforting lie at the centre of every serious engagement, and it goes like this. Understanding a business takes time. Lots of time. Time measured in workshops, in stakeholder interviews,…
Boom Mobile Restructuring
Our phones stopped working this morning, or perhaps last night, but everything looked fine on Boom’s Web site. I contacted their support, and as always they got back right away, but this time…
Collections: Pre-Modern Armies for Worldbuilders, Part III: Paying For It
This is the third part (I, IIa, IIb, III) of our honestly-who-knows-how-many part series laying out some general guidelines for how pre-modern armies are recruited, raised, equipped and paid. In the…
On Capital Market Constraints, Historical Parallels to the Current AI Moment, and More
I did a lengthy interview a little while back, and it is now out. Folks may find it a helpful restatement of some of my views on the current situation, from historical parallels to the AI paroxysm,…