advait
@advaitarun.bsky.social
capital markets & energy finance @ Center for Public Enterprise ☀️🏗️ • bay area / dc • advaitcore.substack.com. on twitter at @advaitarun_
Designer Transit stresses that implementing human-centered design in our transit systems means taking big steps, not small ones.
November 21, 2025 at 6:04 PM
Designer Transit stresses that implementing human-centered design in our transit systems means taking big steps, not small ones.
GL Stearns doesn’t want us negatively polarized against liberal democracy. If other democracies can build transit, we really can here, too.
November 21, 2025 at 6:04 PM
GL Stearns doesn’t want us negatively polarized against liberal democracy. If other democracies can build transit, we really can here, too.
Warburg Pincus kicks off this Caravanserai issue with a discussion of how zoning impedes the building of transit.
Yes in my… basement? Near it, at least.
Yes in my… basement? Near it, at least.
November 21, 2025 at 6:04 PM
Warburg Pincus kicks off this Caravanserai issue with a discussion of how zoning impedes the building of transit.
Yes in my… basement? Near it, at least.
Yes in my… basement? Near it, at least.
Here's capex data from @nathanielbullard.com at Halcyon if this helps!
November 21, 2025 at 4:38 PM
Here's capex data from @nathanielbullard.com at Halcyon if this helps!
In @politico.com today talking about the challenge of building new nuclear plants in the United States.
The challenges? Completion risk, affordability anxiety, and demand uncertainty (from data centers!). We can't build new nuclear without addressing those.
The challenges? Completion risk, affordability anxiety, and demand uncertainty (from data centers!). We can't build new nuclear without addressing those.
November 19, 2025 at 9:05 PM
In @politico.com today talking about the challenge of building new nuclear plants in the United States.
The challenges? Completion risk, affordability anxiety, and demand uncertainty (from data centers!). We can't build new nuclear without addressing those.
The challenges? Completion risk, affordability anxiety, and demand uncertainty (from data centers!). We can't build new nuclear without addressing those.
The one claim I disagree with is the idea that this is 2000s-level financial engineering. From the other site:
November 19, 2025 at 5:27 PM
The one claim I disagree with is the idea that this is 2000s-level financial engineering. From the other site:
Here's employ america
November 19, 2025 at 5:25 PM
Here's employ america
The spending/GDP share of the AI boom is as large as the housing boom and larger than the 90s tech boom, according to Employ America. The Economist says it's comparable to but less than railroads.
November 19, 2025 at 5:25 PM
The spending/GDP share of the AI boom is as large as the housing boom and larger than the 90s tech boom, according to Employ America. The Economist says it's comparable to but less than railroads.
Really great @prospect.org piece from @ddayen.bsky.social featuring CPE's work and the Bubble or Nothing report! Good summary of the fragility.
November 19, 2025 at 5:09 PM
Really great @prospect.org piece from @ddayen.bsky.social featuring CPE's work and the Bubble or Nothing report! Good summary of the fragility.
Thanks very much to @robinsonmeyer.bsky.social and @jessedjenkins.com for having me on! And to @goodjillian.bsky.social for putting this together. Really enjoyed chatting.
November 19, 2025 at 1:16 PM
Thanks very much to @robinsonmeyer.bsky.social and @jessedjenkins.com for having me on! And to @goodjillian.bsky.social for putting this together. Really enjoyed chatting.
I cannot stress how good of an argument this is. Great work @lopatto.bsky.social
November 18, 2025 at 3:09 AM
I cannot stress how good of an argument this is. Great work @lopatto.bsky.social
Both Hyman Minsky and distressed debt investors alike think that borrowing money just to pay interest is, like, THE line between "Ponzi finance" and insolvency. That's where CoreWeave seems to be right now:
www.theverge.com/ai-artificia...
www.theverge.com/ai-artificia...
November 18, 2025 at 3:08 AM
Both Hyman Minsky and distressed debt investors alike think that borrowing money just to pay interest is, like, THE line between "Ponzi finance" and insolvency. That's where CoreWeave seems to be right now:
www.theverge.com/ai-artificia...
www.theverge.com/ai-artificia...
George Eliot has a more pessimistic take about what happens if Chinese investment in India dries up due to broader macro trends.
November 15, 2025 at 3:29 PM
George Eliot has a more pessimistic take about what happens if Chinese investment in India dries up due to broader macro trends.
Really fun piece from Humraaz about how security concerns still dominate the relationship between Indian and Chinese leaders, despite photoshoots to the contrary.
November 15, 2025 at 3:29 PM
Really fun piece from Humraaz about how security concerns still dominate the relationship between Indian and Chinese leaders, despite photoshoots to the contrary.
Punchy work from Gadfly's analysis of investment trends.
November 15, 2025 at 3:28 PM
Punchy work from Gadfly's analysis of investment trends.
This is a question that's important not just in India and in China, but in the United States, too, where policymakers have begun counting on India as a partner. Our writers, who have worked in this space, think that India has no good options.
November 15, 2025 at 3:25 PM
This is a question that's important not just in India and in China, but in the United States, too, where policymakers have begun counting on India as a partner. Our writers, who have worked in this space, think that India has no good options.
being in the Society of Depreciation Professionals sounds so fun. you can just point at assets and say shit like "it's over," "bro's washed," "you're cooked" and make some menacing scribbles on a clipboard
www.cnbc.com/2025/11/14/a...
www.cnbc.com/2025/11/14/a...
November 14, 2025 at 4:36 PM
being in the Society of Depreciation Professionals sounds so fun. you can just point at assets and say shit like "it's over," "bro's washed," "you're cooked" and make some menacing scribbles on a clipboard
www.cnbc.com/2025/11/14/a...
www.cnbc.com/2025/11/14/a...
I would be remiss not to shout out Ethan Ding, the analyst whose work I quoted when integrating the prisoner's dilemma into my report.
ethanding.substack.com/p/ai-subscri...
ethanding.substack.com/p/ai-subscri...
November 12, 2025 at 10:06 PM
I would be remiss not to shout out Ethan Ding, the analyst whose work I quoted when integrating the prisoner's dilemma into my report.
ethanding.substack.com/p/ai-subscri...
ethanding.substack.com/p/ai-subscri...
Really thrilled to be featured in today's Odd Lots newsletter--thanks @weisenthal.bsky.social and @tracyalloway.bsky.social!
The implication: The U.S.'s sole growth sector is stuck between a prisoner's dilemma in pricing and a collateral crunch.
bsky.app/profile/adva...
The implication: The U.S.'s sole growth sector is stuck between a prisoner's dilemma in pricing and a collateral crunch.
bsky.app/profile/adva...
November 12, 2025 at 10:06 PM
Really thrilled to be featured in today's Odd Lots newsletter--thanks @weisenthal.bsky.social and @tracyalloway.bsky.social!
The implication: The U.S.'s sole growth sector is stuck between a prisoner's dilemma in pricing and a collateral crunch.
bsky.app/profile/adva...
The implication: The U.S.'s sole growth sector is stuck between a prisoner's dilemma in pricing and a collateral crunch.
bsky.app/profile/adva...
Shoutout to @quantian.bsky.social for one of the best threads I found on this whole AI bubble shebang. Featured heavily in today's CPE data center report as a keystone point of our analysis:
November 12, 2025 at 6:57 PM
Shoutout to @quantian.bsky.social for one of the best threads I found on this whole AI bubble shebang. Featured heavily in today's CPE data center report as a keystone point of our analysis:
Here's our analysis of what a federal loan guarantee or a tax credit for the AI sector could involve, in practice.
Counterintuitively, a GPU loan guarantee is a boon to NVIDIA (and a tax credit might not be so easy to monetize...)
Counterintuitively, a GPU loan guarantee is a boon to NVIDIA (and a tax credit might not be so easy to monetize...)
November 12, 2025 at 1:57 PM
Here's our analysis of what a federal loan guarantee or a tax credit for the AI sector could involve, in practice.
Counterintuitively, a GPU loan guarantee is a boon to NVIDIA (and a tax credit might not be so easy to monetize...)
Counterintuitively, a GPU loan guarantee is a boon to NVIDIA (and a tax credit might not be so easy to monetize...)
There are FIVE BIG RISKS. Cash, collateral, tenant churn, circular financing, and debt.
You've probably heard of some of them. But here's the analysis of how they connect.
You've probably heard of some of them. But here's the analysis of how they connect.
November 12, 2025 at 1:54 PM
There are FIVE BIG RISKS. Cash, collateral, tenant churn, circular financing, and debt.
You've probably heard of some of them. But here's the analysis of how they connect.
You've probably heard of some of them. But here's the analysis of how they connect.
It's all very Keynesian: What do we want the U.S. economy to look like? Not like this, I think.
November 12, 2025 at 1:34 PM
It's all very Keynesian: What do we want the U.S. economy to look like? Not like this, I think.