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Situational Awareness Unwind | DOJ Probes a16z | Debt Hits $40T | PE Zombie Funds

Aug 18, 2026

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5 min read

Situational Awareness Unwind | DOJ Probes a16z | Debt Hits $40T | PE Zombie Funds

The Situational Awareness unwind playbook is now public. The 30-year hit a 2007 high with AI supply named as a driver. DOJ opened an antitrust probe into a16z. National debt hits $40 trillion. And $860 billion in PE NAV is stuck.

Dio Pouerie
Bo Nichols
Dio Pouerie, +1
VIX Low | Equity Wealth Drives Spending | General Atlantic Files

Aug 17, 2026

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6 min read

VIX Low | Equity Wealth Drives Spending | General Atlantic Files

The OpenAI-Nvidia lease named the backstop architecture. VIX hit a 2026 low even as the consumer cracks. Equity wealth is now driving spending at crisis-era levels. General Atlantic refreshed its IPO paperwork. Private credit BDCs returned to the bond market.

Dio Pouerie
Bo Nichols
Dio Pouerie, +1
$3T Hidden AI Leverage | Anthropic's Revenue Target | $15B Hit | Stripe Buys OpenRouter

Aug 17, 2026

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6 min read

$3T Hidden AI Leverage | Anthropic's Revenue Target | $15B Hit | Stripe Buys OpenRouter

$3 trillion in off-balance-sheet AI commitments. Anthropic anchored its IPO on a $190B 2028 revenue target. Nvidia cut its OpenAI backstop. Jane Street took a $15B loss. Stripe paid $7B for OpenRouter.

Dio Pouerie
Bo Nichols
Dio Pouerie, +1
Financial Market News | Sunday Outlook

Aug 16, 2026

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6 min read

Financial Market News | Sunday Outlook

The Week the Capital Cost Meets the Consumer

Dio Pouerie
Bo Nichols
Dio Pouerie, +1
Financial Market News | Saturday Review

Aug 15, 2026

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6 min read

Financial Market News | Saturday Review

The Week the AI Trade Started Pricing Its Own Plumbing

Dio Pouerie
Bo Nichols
Dio Pouerie, +1
Goldman Builds Nvidia | $1T Hidden Leverage | Earnings Are Paper Gains

Aug 14, 2026

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5 min read

Goldman Builds Nvidia | $1T Hidden Leverage | Earnings Are Paper Gains

Retail sales fell hard and consumer sentiment hit a two-year low. Goldman is structuring Nvidia's $500B financing platform. Hyperscalers have $1T in hidden lease commitments. Q2 earnings were mostly paper gains. SpaceX closed the Cursor deal.

Dio Pouerie
Bo Nichols
Dio Pouerie, +1
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