Alphabet recently raised $85B in equity. Largest offering ever. The four hyperscalers are guiding to $700-725B in 2026 capex, up 70%+ from last year. Nobody adjusts that for input cost inflation. A power transformer that cost $3M in 2020 costs $5.4M now. Lead times hit 210 weeks. Every party in this chain gets paid more the longer the spending continues. Hardware manufacturers, construction firms, utilities, executives, analysts. Nobody gets paid to say slow down. This is moral hazard before the correction, not conspiracy. The people profiting won't tell you when the wheels come off.

Who Will Be Holding The Bag When the Wheels Come Off?

Economic Reporting

#bitcoin #grownostr

Import and export price indexes May 2026: The last time the pipeline looked like this, the Fed had to hike rates from 1.75% to 5.25% in 16 months to drag CPI from 9.1% back to 3%, and Warsh walks into his first FOMC meeting this week with a president demanding rate cuts, an energy war with no exit ramp, and producer prices screaming that the worst of it hasn't hit the consumer yet. Going to get interesting from here.

Holy shitballs, PPI pipeline on fire, this is 2021 all over again…

Producer Price Indexes May 2026

Economic Reporting

For anyone living on a paycheck, buying groceries, filling a gas tank, and paying an electric bill, inflation is not under control. The math is simple. Prices up 4.2%. Wages up 3.4%. The difference compounds every month.

Consumer Price Index May 2026

Economic Reporting

Nominal wages go up. Prices go up faster. The paycheck grows. The purchasing power shrinks. The headline says raise. The math says pay cut.

Real Earnings May 2026

Economic Reporting

I love living in a neighborhood where all the Dad’s yell slow down at cars passing through. Slow down.

The potential sitting inside the average person is staggering and most of it is being drained through their eyeballs into a phone. The process has no attention. Only the outcome does. That’s the clue and the only thing worth protecting.

Sunday Coffee 6/7/26: Attention is all you need, and it's all they want from you

“Attention is all you need, and it's all they want from you”

#bitcoin #grownostr

The job is temporary. The skills are permanent. Build skills that travel, not loyalty to an organization that would restructure you out tomorrow without blinking. #bitcoin #grownostr

MSTR is likely to have 1 million Bitcoin before the end of this year at the current rate of accumulation…

Sunday Coffee 5/31/26: The System is Managed Until It Isn’t

May 31st, 2026 weekly content recap

Mediocrity: The Disease Nobody Wants to Cure

Dig.

This man deserves recognition. Not for saving the economy. Not for refusing to bend to political pressure. Having the resolve to show up every day, do the right thing, tune out the noise, and remain a good person while the entire world screamed at him from every direction. You can criticize his actions. You can say he didn't do enough or did too much. You can blame him for whatever you need a person to blame for. But the man showed up every day for 8 years. Never raised his voice. Never retaliated. Remained calm and did his job. Took the hits from every side and never once broke character. That's not politics. That's conviction. Respect.

"There was a saying from John Adams in 1776, where he said public virtue cannot exist in a nation without private virtue, implying that citizenship involves sacrificing your personal interests for the greater public good. And Thomas Jefferson also spoke at length about taking a turn providing civic duty. Everyone has a civic responsibility to support society at large. But if you're going to go into government, if you're going to go into politics, you do a tour of duty. It's not a career. It was never meant to be a career." - David Friedberg, All-In Podcast w/ Spencer Pratt

Apple Podcasts

Spencer Pratt on Fixing LA: Wildfires, Homelessness, Corruption & the Fight to Take It Back

Podcast Episode · All-In with Chamath, Jason, Sacks & Friedberg · May 10 · 1h 11m