This week's edition examines the fundamental shift from a software-driven economy to one constrained by the hard realities of resource availability. We analyze how the massive capital influx into AI and space exploration is creating unprecedented pressure on global credit markets, energy grids, and critical maritime choke points.

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0:00 - Introduction
0:43 - The New Era of Capital and Credit Risk
7:16 - Geopolitical Volatility and the Strait of Hormuz
13:27 - The Great Energy Reorientation
16:58 - The AI Boom and the New Compute Economy
19:32 - Commodity Volatility and Agricultural Headwinds
21:40 - Conclusion

Referenced sources:
Hablando de Mercado gasolina global fragmentada (Argus Media)
Market Talks fragmented gasoline market (Argus Media)
Falando de Mercado gasolina global fragmentada (Argus Media)
Weight of Freight US-Iran conflict reshapes tanker markets (Argus Media)
Straits Talk I toll you this would happen (Argus Media)
Fertilizer Matters EP54 Middle East Conflict - Fertilizer Demand Destruction (Argus Media)
Oil in Focus - June 9th 2026 (Argus Media)
Bloomberg Surveillance TV June 15th, 2026 (Bloomberg Surveillance)
US-Iran Interim Deal and Fed Chair Warsh (Bloomberg Surveillance)
The Money Show SpaceX Market Impact and Solving Social Security (Bloomberg Surveillance)
Bloomberg Surveillance TV June 12th, 2026 (Bloomberg Surveillance)
Bloomberg Surveillance TV June 11th, 2026 (Bloomberg Surveillance)
Inflation Data and Market Bullishness (Bloomberg Surveillance)
Bloomberg Surveillance TV June 10th, 2026 (Bloomberg Surveillance)
May CPI and Major IPOs (Bloomberg Surveillance)
Bloomberg Surveillance TV June 9th, 2026 (Bloomberg Surveillance)
US Economic Outlook and Bond Signals (Bloomberg Surveillance)
🌎 The IPO boom is back, baby! #300 (CTVC by Sightline Climate)
Jessica Uhl on the Fractured Energy Transition Why Speed Matters Now (Columbia Energy Exchange)
Flex Capacitor (Doomberg)
How battery storage is transforming the power grid (Energy Evolution)
How battery storage is transforming the power grid How battery storage is transforming the power grid (Energy Evolution)
State of Distressed Debt Ellias on Reorganizations' Global Bazaar (FICC Focus)
Credit Crunch AI IPOs, Tech Supply and Credit Without Peace (FICC Focus)
MacroVoices #536 Larry Mcdonald The Migration is Upon us (Macro Voices)
Carmen Li's Plan to Build a Futures Market for Compute (Odd Lots)
Anjney Midha's Plan to Radically Lower the Price of Compute (Odd Lots)
How a Vibecoded Newsletter Is Making the Hay Market More Transparent (Odd Lots)
Why Tomatoes Are the Most Expensive They've Been in Four Decades (Odd Lots)
Hormuz Headwinds an Opportunity for Latin American Oil Producers (Oil Markets)
233. To predict the future, In BNEF we Trust - Jun26 (Redefining Energy)
Can Trump make a deal with Iran (Unhedged)
Why are investors so jumpy (Unhedged)

This episode is independent commentary and is not affiliated with, sponsored by, or endorsed by the sources listed above.