A tweet promotes a podcast episode with Paul Graham and Jessica Livingston discussing what has made Y Combinator resilient for over 20 years, using the analogy that biosphere trees grown without wind grow tall but fall over—no stress, no strength.
The United States has become the world's largest natural gas exporter, driven by the Shale Revolution's fracking and horizontal drilling technologies. A new NBER paper by Lucas W. Davis estimates this shift saved Americans between $3.1 trillion and $4.3 trillion from 2007 to 2025, or roughly $500 to $700 per person annually.
The rapid expansion of AI data centers is straining power grids, causing delays and rising costs that are becoming a contentious issue in the midterm elections. Utilities struggle to keep up with surging electricity demand from AI operations, raising questions about grid reliability and who should pay for the necessary infrastructure upgrades.
Anthony Pompliano interviewed Jan van Eck, CEO of VanEck, who manages $200 billion in assets. They discussed opportunities in private credit, gold, Bitcoin, India, and ETFs, covering topics such as AI adoption, U.S. government debt, and the comparison between Bitcoin and gold as investment assets.
The S&P 500 has risen over 17% in eight weeks, a feat achieved only 10 times since 1990. Historically, stocks were positive 12 months later in eight of those nine prior instances, with the sole exception occurring during the dot-com bubble crash.
A new NBER working paper proposes that interest rates may explain the apparent disconnect between consumer sentiment and traditional economic indicators, suggesting that rising borrowing costs have weighed on consumer confidence despite a strong labor market and GDP growth.