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A Valuation Is an Opinion. Debt Is a Schedule.
When the Music Stops — Part 1 of 3: how short-term dollar debt put Asia's real miracle on a rollover clock
Aug 30
•
Nazem Alkudsi, CFA
3
4
1
It Happened in 1974. It Is About to Happen Again.
I spent close to thirty years inside Gulf sovereign wealth. Washington is preparing its quietest ask — again.
Aug 15
•
Nazem Alkudsi, CFA
46
28
3
The Label Travels
AI surveillance does not need to read your mind. It only needs to make suspicion cheap, portable, and hard to erase.
Aug 8
•
Nazem Alkudsi, CFA
1
When the Electron Learned to Tell Time
The West reads China’s power reform as liberalization. It is better read as industrial policy by price signal, and the world’s largest AI buildout is…
Aug 4
•
Nazem Alkudsi, CFA
5
2
July 2026
Four Yen Before Lunch
The session opened at 163.41.
Jul 30
•
Nazem Alkudsi, CFA
4
1
The Tenant of Record
A $4.25 billion bond document raises a quieter question about the AI build-out: who is good for the rent?
Jul 28
•
Nazem Alkudsi, CFA
4
1
The Right to Stop
Every AI data center carries a hidden option: the day the watt is worth more than the model, it earns more switched off.
Jul 24
•
Nazem Alkudsi, CFA
6
2
The Price of Thirty Years
Washington is borrowing for thirty years. Its next buyer may only want ten.
Jul 23
•
Nazem Alkudsi, CFA
2
1
The Last Ship Out
What the last LNG carrier out of Hormuz left behind.
Jul 20
•
Nazem Alkudsi, CFA
7
2
I Lied to China’s New AI. It Caught Me Twice.
A launch-night sting on Kimi K3 — in which the machine graded its examiner back, and the bill landed on the West’s near-trillion-dollar labs.
Jul 17
•
Nazem Alkudsi, CFA
10
2
4
The Key That Is You
Digital identity is becoming the precondition for holding anything at all. And identity has an issuer.
Jul 10
•
Nazem Alkudsi, CFA
6
1
The Copy and the Code
Tokenized stocks are about to land in your account. What you hold will be a copy — and the copy answers to code.
Jul 9
•
Nazem Alkudsi, CFA
7
1
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