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Waiting on Appointments

2026-08-28 · David H. Friedel Jr. · 4 min read

The Treasury Market May Not Be Breaking... It May Be Searching for a New Price

2026-09-24 · David H. Friedel Jr. · 13 min read

The Marginal Buyer Is a Carry Trade

2026-09-07 · David H. Friedel Jr. · 9 min read

Free Solar, Fatal Math

Space-based AI data centers solve the one problem space doesn't have. The people pricing the risk can't make the numbers work... and that's the tell.

2026-06-19 · David H. Friedel Jr. · 8 min read

The Receipt

They sold you a war about centrifuges. It was a wealth transfer that drained the arsenal, exposed a decade of strategic neglect, and tied the rebuild to China and you paid for all of it at the pump.

2026-06-16 · David H. Friedel Jr. · 12 min read

The Damage Is Already in the System

Oil does not need to go to $150 to matter. A month of shutdown drag plus a war-driven energy shock is enough to turn the next GDP print into a warning shot.

2026-04-02 · David H. Friedel Jr. · 7 min read
3 results Energy Clear

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