But switching costs matter. AI can replace a dashboard. It can't replace a decade of embedded enterprise workflows. Some more thoughts: zhug3.xyz/0003
Loan-ageddon
The software loan market has seen a significant downturn due to fears that AI will make off-the-shelf software products obsolete. This shift is particularly concerning given software's large weighting...
zhug3.xyz
February 1, 2026 at 6:13 PM
But switching costs matter. AI can replace a dashboard. It can't replace a decade of embedded enterprise workflows. Some more thoughts: zhug3.xyz/0003
US just crossed 100% debt-to-GDP. Japan sits at 230%
difference: Japan had 88% domestic creditors, trade surplus, social cohesion
the US has the reserve currency. more rope, but also more to lose
difference: Japan had 88% domestic creditors, trade surplus, social cohesion
the US has the reserve currency. more rope, but also more to lose
February 1, 2026 at 3:33 PM
US just crossed 100% debt-to-GDP. Japan sits at 230%
difference: Japan had 88% domestic creditors, trade surplus, social cohesion
the US has the reserve currency. more rope, but also more to lose
difference: Japan had 88% domestic creditors, trade surplus, social cohesion
the US has the reserve currency. more rope, but also more to lose
now looking east over the pacific
$970B in interest last year — 19% of federal revenue
heading to $1.8T by 2035
when debt service exceeds defense spending, the political calculus changes
$970B in interest last year — 19% of federal revenue
heading to $1.8T by 2035
when debt service exceeds defense spending, the political calculus changes
February 1, 2026 at 3:33 PM
now looking east over the pacific
$970B in interest last year — 19% of federal revenue
heading to $1.8T by 2035
when debt service exceeds defense spending, the political calculus changes
$970B in interest last year — 19% of federal revenue
heading to $1.8T by 2035
when debt service exceeds defense spending, the political calculus changes
yield curve control 2016-2024:
cap 10-year rates at 0%
buy unlimited bonds to defend it
interest burden: 3% → 0.08% of revenue
yen: cut in half
correlation between debt and currency: r = -0.64
cap 10-year rates at 0%
buy unlimited bonds to defend it
interest burden: 3% → 0.08% of revenue
yen: cut in half
correlation between debt and currency: r = -0.64
February 1, 2026 at 3:33 PM
yield curve control 2016-2024:
cap 10-year rates at 0%
buy unlimited bonds to defend it
interest burden: 3% → 0.08% of revenue
yen: cut in half
correlation between debt and currency: r = -0.64
cap 10-year rates at 0%
buy unlimited bonds to defend it
interest burden: 3% → 0.08% of revenue
yen: cut in half
correlation between debt and currency: r = -0.64
NFT volume by blockchain, Jan 2026:
Ethereum: $27M
Bitcoin: $7.7M
Everyone else: fighting for scraps
Solana "surged 76%" on a base of $3.1M.
Ethereum: $27M
Bitcoin: $7.7M
Everyone else: fighting for scraps
Solana "surged 76%" on a base of $3.1M.
February 1, 2026 at 2:06 PM
NFT volume by blockchain, Jan 2026:
Ethereum: $27M
Bitcoin: $7.7M
Everyone else: fighting for scraps
Solana "surged 76%" on a base of $3.1M.
Ethereum: $27M
Bitcoin: $7.7M
Everyone else: fighting for scraps
Solana "surged 76%" on a base of $3.1M.
Hang them in the Louvre next to the legendary wework earnings slide deck. (November 2019 by Softbank Group CEO Masayoshi Son)
January 31, 2026 at 7:01 PM
Hang them in the Louvre next to the legendary wework earnings slide deck. (November 2019 by Softbank Group CEO Masayoshi Son)
full read on my (new) blog: zhug3.xyz/0001
Silver Moves Like Jagger
Silver's 31% price drop is a 15-sigma event, outpacing even Bitcoin's volatility. This unprecedented move has significant implications for investors and risk models. Learn more about what this event r...
zhug3.xyz
January 31, 2026 at 12:24 PM
full read on my (new) blog: zhug3.xyz/0001
Since 2014, Bitcoin has had exactly zero moves exceeding 31%.
The only larger BTC move ever: March 12, 2020 (-37.2%).
The asset regulators call "too volatile" has been more stable than silver this week.
The only larger BTC move ever: March 12, 2020 (-37.2%).
The asset regulators call "too volatile" has been more stable than silver this week.
January 31, 2026 at 10:45 AM
Since 2014, Bitcoin has had exactly zero moves exceeding 31%.
The only larger BTC move ever: March 12, 2020 (-37.2%).
The asset regulators call "too volatile" has been more stable than silver this week.
The only larger BTC move ever: March 12, 2020 (-37.2%).
The asset regulators call "too volatile" has been more stable than silver this week.
25 years of silver data. 6,379 trading days.
Yesterday was the single largest decline ever recorded. Nearly double the 2011 crash. Larger than 2008. Larger than COVID.
Yesterday was the single largest decline ever recorded. Nearly double the 2011 crash. Larger than 2008. Larger than COVID.
January 31, 2026 at 10:44 AM
25 years of silver data. 6,379 trading days.
Yesterday was the single largest decline ever recorded. Nearly double the 2011 crash. Larger than 2008. Larger than COVID.
Yesterday was the single largest decline ever recorded. Nearly double the 2011 crash. Larger than 2008. Larger than COVID.