America is a gas island. It's sitting on the cheapest energy on earth and physically can't ship most of it out
So it stays here, cheap and stable, quietly rewriting the math on every factory anyone wants to build
@G10rgij1 I don’t put out filler, don’t have it in me.
There is a clear love/hate on this one. But I would rank it as the most important I’ve put out so far this year
The Signal
It's rare to find macro commentary balancing intense research with high production quality.
The reindustrialisation of the United States is a perfect example. Instead of focusing on standard market narratives, Phil looks at unfakable data to show where capital is moving.
The analysis synthesises:
> Rustbelt freight demand
> Tech hyperscaler capex
> AI productivity increase
> Positive black swan events
And ties this to the massive structural advantage of cheap domestic energy. A masterclass in researching what is promised vs what is actually done.
💐 @maxinomics
Taylor Swift tickets sold out in minutes at prices above the World Cup. That points to it being more likely that Americans just aren't into soccer enough to pay high prices, not that people can't afford the tickets
New polling on the 2026 World Cup
How interested are Americans in the World Cup?
% of U.S. adult citizens who say they are...
Very interested 13%
Somewhat interested 16%
Not very interested 14%
Not at all interested 54%
(Link in reply)