The yen at 160 is a funding-cost warning for all of Asia
Why USD/JPY near 160, a likely BOJ hike, strong U.S. jobs data, and a fragile Korean won matter for builders, operators, and investors.
Writing my thoughts on software, business, and life.
All of my long-form thoughts on programming, business, and more
The RRP Buffer Is Nearly Empty: Dollar Funding Risk Is Now a Plumbing Story
SOFR, overnight reverse repo usage, and the Treasury cash balance explain why dollar funding conditions matter for founders, builders, and investors.
The ECB Hike Risk Says the Rate Floor Is Not Falling Yet
Euro area inflation is back at 3.2% and the ECB may hike again. Here is what founders, small teams and investors should check before assuming easier money.
The U.S. Jobs Surprise: Why Cost Runway Matters More Than Rate-Cut Hopes
A practical reading of the May 2026 U.S. jobs report, wage pressure, and Fed expectations for builders, operators, and investors.
OECD’s Energy Shock Warning: Even the AI Boom Has to Respect Cost Structure
A practical read of the OECD June 2026 outlook, EIA oil forecasts, U.S. CPI, and PCE data for founders, solo builders, and investors managing rates, inflation, and AI infrastructure costs.
U.S. Services Inflation Is Hot Again: June Is About Cost Defense, Not Easy Rate Cuts
The Fed Beige Book, ISM Services PMI, and JOLTS show a U.S. economy that is still expanding while service costs and selective hiring squeeze operators and investors.
Korea’s Chip Surplus Is Not Enough: What the BOK Hold Says About FX and Inflation Risk
A practical reading of the Bank of Korea’s 2.50% hold, May CPI at 3.1%, and May exports at $87.75 billion for builders, small teams, and investors.
US GDP was revised lower while inflation stayed hot: rate-cut hopes need a reset
A practical reading of the BEA Q1 2026 GDP second estimate, April CPI, and FOMC minutes for builders, operators, and investors.
Kevin Warsh Fed Chair Nomination - What Investors Need to Know
President Trump has nominated former Fed Governor Kevin Warsh as the next Fed Chair. Here's everything investors need to know about Warsh, a former Coupang board member, and the market implications.
KOSPI Breaks 5000 for First Time in History - A New Era for Korean Markets
On January 22, 2026, the KOSPI broke through 5000 for the first time ever. From 4000 to 5000 in just 3 months. A historic moment driven by the semiconductor super cycle and AI rally.