$1 Trillion in New Loans. $0 in New Reserves. Here’s What Banks Are Betting On.

US banks added $1.04 trillion in loans since July 2025 and set aside nothing extra to cover them. Christopher Whalen argues the spotless loss rates measure house price inflation rather than health, and that the risk quietly moved elsewhere. We checked his numbers, and three did not survive.

Four “Imminent Collapse” Arguments Are Everywhere Right Now. Here’s What the Data Actually Shows.

National debt, AI valuations, foreclosures, private credit — four separate arguments for an imminent collapse are circulating right now. We checked each one against the primary data. None of them, on the numbers, point to a sudden shock.

Is the US Government Insolvent? The Numbers Don’t Lie 

The Treasury’s own books show the US government is insolvent. Gold is selling off during a war. Oil markets are whipsawing on Hormuz uncertainty. Russia is liquidating reserves. Here’s what it all means.