Major yield spikes can structurally lock in higher borrowing costs for years - this is a lesson both from EM and the U.S. own history. Net interest outlays in the U.S. can surpass the 1980/90s peak (as % GDP) - even with much lower yields - because the debt/GDP ratio skyrocketed

weekend reading for investors underwriting the AI power trade: who controls the scarce megawatts, what are they worth, and where is the market mispricing them? @matthew_sigel @Patrick_Bush_VE

the Fed is hiking again can stocks keep climbing? hear from @janvaneck3 and an impressive lineup at @adamtaggart Thoughtful Money conference, “The Year of Uncertainty: Forecasting 2027,” presented by VanEck get your ticket:

being a normal person trying to form an opinion about AI Monday: we may have summoned a superintelligence with a 10% chance of ending humanity Wednesday: relax. it’s basically just a productivity tool Thursday: experts baffled by the public’s inability to develop a nuanced view of AI

Excited to announce our investment in @Silicon_Data. As compute spend scales into the trillions, standardized, trusted pricing data becomes core infrastructure for how the entire market operates. The market is taking shape fast, with their indices going live on October 5th with @CMEGroup as the backbone of the first ever compute futures market. Compute is becoming its own asset class and we couldn't be more excited to partner with @carmenli and team.

A global asset manager just launched a trading card game. And there’s a very specific reason why. Today, @vaneck_us officially announced Market Forces TCG, a game we created around a simple question: How do we get the next generation interested in investing while helping them understand concepts like diversification, risk management, portfolio construction, FOMO, and time in the market? Our answer was to meet them somewhere they already are: games and collectibles. @MarketForcesTCG turns investing concepts into gameplay, not by lecturing players, but by letting them experience those ideas through the decisions they make during the game. The project brings together an incredible group: • Launched by VanEck • Manufactured by @Ocapgames • Illustrated by @chriswahl73 and @MaxxWard • Limited to 12,000 units, with 8,000 available to the public • Featuring serialized and auto-stamped chase cards throughout the set I’m incredibly proud to see this officially announced today. The full press release is now live via Business Wire and linked in the comments. Pre-orders are open at Learn the markets. Play the game.