Briefs

Short content revealing the missing fundamentals to understand current events

The US is paying more in interest on its debt than it spends on defense. Moody’s has delivered its verdict.

For the first time since the 1990s, US net interest payments on the federal debt exceed the entire national defense budget: $952 billion versus $886 billion. On May 16, 2025, Moody’s stripped the US of its triple-A, the last of the three major rating agencies to do so. A signal markets already knew. A mechanism most people have never seen explained.

The US is paying more in interest on its debt than it spends on defense. Moody’s has delivered its verdict. Read More »

Starship V3 lifts off: what this launch really says about the race for space

On May 22, 2026, SpaceX launched Starship V3, the most powerful rocket ever built. Behind the spectacle, three things were at stake at once: a race to land humans on the Moon before 2030, a stock market debut targeted for June 12 at a $1.75 trillion valuation, and the expansion of Starlink, the only division in the company already turning a profit.

Starship V3 lifts off: what this launch really says about the race for space Read More »

The Fed has a new chair. What should worry you is how he got there.

54–45: the narrowest confirmation vote in Federal Reserve history. But what should concern us isn’t the result. It’s what it took to get there: a criminal investigation, unprecedented political pressure, and a broken institutional norm whose consequences for rates and inflation are still entirely unresolved.

The Fed has a new chair. What should worry you is how he got there. Read More »