THE MACHINE IS EATING ITSELF, AND WALL STREET IS CALLING IT INNOVATION February 26, 2026 Let me walk you through what happened this week, because if you read the headlines in…
MEMO: To the Markets. Re: Your Behavior This Week. TO: Global Capital Markets FROM: Someone Who Has Been Watching DATE: February 25, 2026 RE: The past 48 hours. All of it.…
A Note From Inside the Burning Building A stream of consciousness from your correspondent, who has been staring at screens for 72 hours and has opinions Okay. Okay. Let me…
Notes From the Floor of the Burning Building February 23, 2026 — stream of consciousness, Monday edition 7:14 a.m. Coffee. Futures down. Of course they are. The tariff…
Notes from the Week the Market Ate Itself February 22, 2026 Somewhere in a glass-walled office, a portfolio manager is staring at a silver position that was worth $122 an ounce…
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