Patrick Frank · Research
DeepDives.
Long, sourced breakdowns of the money moving underneath the economy. Simple enough to get in five minutes. Detailed enough to check every number.
Every cycle, the biggest companies, banks and funds find the next real thing, build complicated financial machinery around it and make a fortune on the way up. These deep dives map that machinery, so founders and everyday investors can see the cycle coming.
The essays
Different Asset, Familiar Cycle
AI is being financed with the same circular machinery as the pre-2008 mortgage boom. Who pays whom, who lends to whom and who has promised to cover whose losses, mapped deal by deal.
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The Great Compression
AI, debt, private credit, consumer fragility, and the shrinking middle of the economy.
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