Key points: Mr. X: Based on what I am hearing from reliable sources, I do not think this is going to be a short war.  Yet almost everything I read from western media, western financial analysts, and western policymakers suggests it is going to be a short war. FFTT: Yikes…if you are right, investors are NOT positioned for that. Mr. X: No, they are not…and not only that, the longer this war goes on, the

AI will NOT “take all the white collar jobs”; AI will take some jobs, and then systemic leverage will do the rest     -Title of the 2/17/26 edition of FFTT Blue Owl Capital, a leading investor in the data center boom, was unable to arrange financing for a $4 billion data center it is co-developing in Pennsylvania after pitching lenders to help bankroll the project in recent months.     -Business Insider, 2/20/26 U.S. artificial-intelligence startup Anthropic said three Chinese

If AI does to white-collar work what globalization did to blue-collar, we need to confront that directly. Not with abstractions about “the jobs of tomorrow,” but with a credible plan for broad participation in the gains.     -BlackRock CEO Larry Fink, 1/19/26 Anthropic’s new AI tool sends shudders through software stocks…Anthropic releases new model that’s adept at complex financial research     -Bloomberg headlines, 2/4/26 and 2/5/26 I think we’re in the “this seems overblown” phase of something