Tech - 2Bullish
2Bullish
Jul 9
Your New Boss Wants an Outside Opinion
Imagine you did everything right. You studied economics for years. You suffered through real analysis and measure theory that you have used exactly zero times since. You wrote a dissertation nobody read, took a job at the Federal Reserve, and spent a decade building the single most careful mental model of the U.S. economy that a human brain can hold. You know what the Beige Book is. You have opinions about the Beige Book. And then your new boss walks in, looks at your life's work, and says he...
2Bullish
Apr 24
Another week, another not a "war"
The storefront lights are still on, but the sidewalks feel thinner now—fewer footsteps, longer pauses at the window, more people glancing at price tags before stepping inside. April is slipping away in that quiet, uneasy way. Not with a crash. With a question. What comes next? As we move toward summer, one thing is becoming harder to ignore: independent retailers and emerging brands are fighting for attention in a landscape that feels increasingly stretched. Foot traffic isn’t just soft—it’s ...
2Bullish
Mar 19
The Elephant in the Room
Here is the honest real estate read for March 2026, with full awareness of where we are geopolitically. Construction Costs Are About to Get Worse. Aluminum, copper, steel — the raw materials of construction — are all in the middle of a supply shock. Aluminum is already in a supply deficit and getting tighter by the week. Diesel, which runs every piece of construction equipment on every active jobsite, just crossed $5 a gallon. If you are in the middle of a development project with fixed-price co...
2Bullish
Feb 25
The Macro Picture: The Price Is WRONG!
PRIVATE CREDIT: K-1 investing is nice, K-1 with zero returns not so much! Blue Owl sold $1.4 billion in loans at 99.7 cents on the dollar to return money to investors in older, wind-down funds. They ended quarterly redemptions for one fund — this spooked retail investors even though the firm says it's a planned structural move, not a crisis. 13% of loans in the sold portfolio were in software — a sector rattled by AI disruption fears. Jamie Dimon flagged "dumb stuff" risks building in privat...