Economics, Finance | NYT Bestselling Author | Filmmaker | Entrepreneur
Baltimore, MD
Joined October 2009
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Andrew shares a unique asset built for the AI buildout — and for hedging sticky inflation.
new.greyswanfraternity.com/p…
Everyone's bracing for a corporate #debt wall.
It's not a wall — it's a slow reset.
Over $4T matures at 2-4x the old rate.
The interest bill doubles one company at a time.
No bell rings for that.
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Bank earnings look strong.
#Gold is signaling otherwise.
Bank stocks and gold long moved together — that link is breaking.
The banks built the AI debt pile, and can't unload it.
When gold and banks split, trust gold.
Given the choice between banks and gold here, the data favors gold — and Andrew's trade today is a unique way to play it.
new.greyswanfraternity.com/p…
Global #debt just hit a record $365 trillion.
Yet the ratio economists watch improved.
The trick: #inflation makes the economy look bigger, so the ratio falls. The yardstick just got longer.
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One number decides if millions of #pension retirements hold — and the funds pick it themselves.
Assume high returns, and you never admit you're short.
By honest math, many are under half funded. Someone always pays.
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Stocks hit records with twice as many falling as rising only twice before: 1929 and 1999. We just did it again.
But #AI isn't those bubbles.
1929 ran on margin, 1999 on hype. This is an industrial buildout — judged on balance sheets, not stories.
Today's Grey Swan Pro is a way to join the party in the hyperscalers — until the fat lady starts a new tune.
new.greyswanfraternity.com/p…
The “safe, boring” #indexfund is now the most crowded trade on earth.
Over half of U.S. fund money is passive — it just buys whatever's biggest.
The top 10 are 40% of the index. The same machine runs in reverse.
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The #SP500 is near record highs. Underneath, it's a different story.
Fewer than 25% of its stocks trade above their 50-day average — the generals climb while the soldiers fall back.
Last time breadth was this bad? 1973 and 1999.
Instead of buying the whole market, today's Grey Swan Pro looks at a basket of leaders still attracting capital as the rest thins out.
new.greyswanfraternity.com/p…
#Silver's biggest user cut its usage nearly 20% — and the shortage got worse.
Solar re-engineered panels to use less, by the most on record.
Still short, 6th year running. The gap was never about demand.
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The next bank crisis may come without a single line at the branch.
A #highyield account pays 4%; your too-big-to-fail bank pays 0.1% — 40x less.
Inertia used to protect banks. But an #AI agent doesn't care about loyalty — it chases the rate.
Andrew's betting on the robots — today's Grey Swan Pro is a small tech play giving users the tools to build their own AI agents.
new.greyswanfraternity.com/p…
A real risk to your portfolio has nothing to do with your economy.
Cheap #yen funded a global carry trade — borrow in Tokyo, buy everywhere else.
If Japan hikes, it all unwinds at once.
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In today's Grey Swan Pro, Andrew recommends a small-cap oil play built to weather this situation — and benefit from its resolution.
new.greyswanfraternity.com/p…
You can announce a reactor. You can't announce the fuel.
A reactor takes years to build. A #uranium mine takes decades.
Utilities are already racing to lock up supply. That's the tell.
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One of the U.S. government's biggest lenders is a #crypto firm most have never used.
#Stablecoins must back every token with a real dollar — held in Treasuries.
The government now leans on a lender it can't control.
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