Trillions in compute commitments come due in 2027–2028. The underlying mechanics reveals how the AI boom breaks, and when. Groundbreaker Nothing looked wrong in the summer of 2006. Home prices had risen for the better part of a decade. Delinquencies were near historic lows. Credit spreads were tight, the ratings held, and the securitization machine … Continue reading The Teaser Period: Why the AI Boom Is Hitting a Reset Wall