News and my thoughts from the past week (12Jan2026)
China has 34 nuclear reactors under construction. The USA has no large nuclear reactors under construction. No power expansion means no AI expansion - X user Jason Smith.
We can print money, but we cannot print energy.
Collectively, the amount of Billionaire wealth that has left California in the last month is now in excess of $700B. That means the $2T of California wealth they expected to tax is now down to $1.3T and falling quickly. I would not be surprised if 2026 ended with less than $1T of billionaire wealth in California and decades and hundreds of lawsuits. - Chamath Palihapitiya
Without being able to charge rates adequate enough to cover losses and to earn an adequate return on equity, credit card lenders will cancel cards for millions of consumers who will have to turn to loan sharks for credit at rates higher than and on terms inferior to what they previously paid. - Bill Ackman
Venezuela is now a 100% colony of the USA. This is how it works. Oil from Venezuela will be sold by the US for dollar. The revenue will be deposited in US banks & controlled by Trump admin. That money will be used for buying (only) American products/services. - X user SL Kanthan
Markets are quietly shifting. All major equity markets have outperformed the US in 2025 by an average of ~20%. Even with the help of the AI bubble, the S&P 500 is struggling to keep up. History matters here. Historically, every time the S&P reached today’s P/E levels, the following decade delivered near-zero returns. We’re watching the opening chapter unfold in real time. - X user Lukas Ekwueme
The US trade deficit continues to improve at a historic pace.
The odds of Tom Lee facing securities fraud and Ponzi scheme charges have soared to 53%, following a dramatic surge over the past 24 hours.
War is not the reason, but usually the decoy.
The Japan financial system, upon which the ginormous JPY carry trade global structure lies, is imploding in real time but is doing that at a slow pace trapping most of the investors in a “boiling frog syndrome” - don’t be surprised if a regional financial crisis similar to the one in US at the beginning of 2023 triggering in Japan at any moment - X user JustDario
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