Sitemap - 2025 - Random Walk
Private credit is really going to get it this time . . . right?
Are we "winning" the trade war
Unlocking liquidity in VC the old fashioned way, with Will Quist (Slow Ventures)
People are very negative about AI, and other sundries
Meta and Microsoft reporting for duty
‘It’s a buyer’s market out there’ and other missives from the world of real estate
Secondaries will not save VC (and 8 charts from venture-land)
AI Wars, TikTok's back, and the EU's trade war
Searching for signs of a slowdown
(Still) no exits for private capital [republished]
Regional Bank opines on the real reckoning [republished]
Steelmanning Liberation Day (or trying to)
It's a good time to be in the 'volatility laundering' business
Stop making sense of Liberation Day (cont.)
Labor market flashes "everything is the same" signals
Insurance got a *lot* more expensive
The marks are still probably too damn high (new homes edition)
The marks are still probably too damn high
The Fed is still in a hole, but digging less quickly
Volatility begets volatility, and other sundries
10 interesting real estate charts
Healthcare makes all the jobs . . . but maybe manufacturing too? Other labor market desiderata
Higher Ed is passing the hat around
How's it going on the private side?
March 14, 2025 Weekly Recap & Good Reads + READER SURVEY
Youtube's stats, google's waning search & transmission bottleneck
Prices say panic, but data says otherwise (even more cont.)
Prices say panic, but data says otherwise (cont.)
Prices say panic, but data says otherwise
The other very expensive industrial policy
Poking fun at GDP (and the chart-foulers)
Slower job growth has nothing to do with "policy uncertainty"
Bain & Co. peers into the past, present and future of Private Equity
There is no housing shortage (reprised, revisited, and reaffirmed)
March 1, 2025 Weekly Recap & Good Reads
Living in the future, with Tomasz Tunguz
People are worried about labor market breadth
Walmart says "everything is fine"
It's getting a little tougher for the youngs
A nation of introverts? [Republished]
Feb. 16, 2025 Weekly Recap & Good Reads
'Hot' CPI is just noise (except for *maybe* one thing
But who will lend to the lenders?
Employment growth is a foreign-born story (reprise)
Feb. 8, 2025 Weekly Recap & Good Reads
Power generation is fine. It’s transmission that’s the problem (reprise)
Random assorted charts (ex-Feds, surprising imports, Temu exemption, more)
What happens to food shopping when you're a GLP-1 agonista?
Steelmanning tariffs (sort of)
Feb. 1, 2025 Weekly Recap & Good Reads
VC performance is still bad, but help is on the way
Riffs on themes: Self-driving & Almighty Cautious Consumerism
Healthcare makes all the jobs (and signing bonuses)
Seven charts about real estate that were made to be gloomy, but really aren't
Power generation is fine. It's transmission that's the problem
Checking under the hood for signs of chicanery
Riffing on white collar, data centers, China, and the Almighty Consumer
McKinsey 'confronts a new demographic reality'
Higher rates make companies lean, mean, profit generating machines (reprised, revisited)
Eight charts on Chinese imports
Higher rates have made firms stronger, and more improvements are on the way
Earnings, they grow (and not just for Mag whatever)
Paying top dollar because no price is too high
Un-inversion & Data Center Power (reprise)
Optimism unbound and 7 charts to inform and delight