Economics

May 20, 2026

SHI 5.20.26 – Steaks Don’t Lie

  The above image was created by the new ChatGPT 2.0 Image Generator.    I asked the program to create “A photorealistic steakhouse dining room in […]
May 13, 2026

SHI 5/13/2026 – AI or Die

  I just returned from 3 weeks in Europe.   My wife and I traveled from France to Italy and then Spain.   And then back to […]
April 8, 2026

4.8.26 — Another Look at Private Credit

I have been asked:  Will “private credit” trigger a systemic financial crisis?   One reader went as far to ask if I believed the current slow-rolling […]
March 25, 2026

SHI 3.24.26 – Unknown Unknowns

Mark Twain famously said:   “It ain’t what you don’t know that gets you into trouble.  It’s what you know for sure that just ain’t so.” […]