CoreWeave had a brutal day on the stock and credit markets yesterday, and may indicate troubles coming for the broader AI industry.
Wednesday, October 14, 2026
Record Tanker Rates Leave Heavy Crude Stranded in the Americas
Nosebleed high tanker rates, thanks to Iran attacks on vessels, are producing oil supply chain breakage on the other side of the planet.
Aramco Burns, Oil Execs Avoid Saudi Confab, MbS in the Bunker
Ansar Allah continues to score as they trade tit-for-tat strikes with the Saudis. Several top American and European executives attended Riyadh’s WPC Energy Congress remotely. Reports say Crown Prince Muhammad bin Salman is shuttling “between heavily guarded palaces equipped with bunkers and is guarded by a handpicked security team.” Ground combat continues in Yemen.
‘Extending Russia’: Successes, Failures, and What Comes Next?
US ‘allies’ to continue to pay the price as hopes are pinned on a post-Putin crisis in Moscow.
Michael Hudson on the Swedish Central Bank’s Wannabe Nobel Prize 2026
Michael Hudson gives a terse takedown on how the fake economics Nobel prize shores up destructive elite-serving orthodoxies.
Coffee Break: Armed Madhouse – The Phantom Limb of Decisive Warfare: Reaching for Catastrophic Victory
The nuclear revolution transformed the conditions of great-power warfare, yet military institutions continue to pursue decisive conventional victory. The phantom limb of traditional warfare survives through cultural admiration for martial courage and institutional commitment to military superiority, even as the pursuit of victory risks triggering nuclear catastrophe.
Financial Sanctions and the Global Payments Network
Complexity of the payments system means that currencies like the yuan are not benefitting from sanctions as much as widely believed.
Why Fall Yard Care Could Start With Doing Less – But Not Nothing
How to justify to yourself and your neighbors not getting rid of most of the leaves in your yard: because soil health.
Unrest Across Europe Is the Result of the Collapse of the Social Contract
European governments cannot uphold the social contract as systemic shifts have stripped monetary control and constrained fiscal policy.
Canadian PM (and Former Central Banker) Mark Carney Is Pressuring UK to Abandon Plans to Nationalise Water
Carney is doing what he has always done: defend the interests of the international rentier class.
UN and The Hague Confront Impunity for War Crimes
The UN, whose duties extended to combatting war crime and genocide, has been reduced to bearing witness.
Banks Struggle to Digest the Mounting Debt Driving the AI Boom
Whether called “artifiical intelligence” or “super intelligence” the biggest players in the industry need massive capital infusions.
