The structural vulnerability of the global energy architecture just had its leverage tested. On 16 October 2026, the Saudi-led coalition announced it had intercepted a ballistic missile targeted directly at the Yanbu Red Sea terminal, alongside two cruise missiles over the Red Sea and three drones over the southern and Riyadh regions. The attacks are … Continue reading Hitting the Bypass: The Yanbu Missile Was Not a Surprise
The 25-Day Verdict: GrokBot vs. the 19-Year-Old
My trading bot’s fiercest competitor is my 19-year-old son. His strategy is one line. He takes 1,500 SEK out of his 4,120 SEK CSN grant — that is the 2026 full-time grant for four study weeks, not a calendar month — and buys the US market only on red days and red weeks. To him, … Continue reading The 25-Day Verdict: GrokBot vs. the 19-Year-Old
I will never know if a single person cloned the bot I entered. There is no public counter.
The Grok Bot Sharing Contest closed on September 29. Unique clones are counted for 14 days from the date an entry is submitted. If more than 500 eligible entries exist, only the 500 with the most unique clones advance to judging. Judging runs from October 14 to October 20. The score is four criteria at … Continue reading I will never know if a single person cloned the bot I entered. There is no public counter.
Sweden’s September CPIF rose from 0.7 percent to 1.5 percent. That is more than a doubling. Energy prices did most of the work.
Today's report from Statistics Sweden showed CPIF-XE, the measure that strips out energy, still sitting at 0.5 percent. The lift came from electricity and fuel. Part of that lift was global. On 10–11 September drones launched from Iraqi territory hit pumping stations on Saudi Arabia’s East-West pipeline, the route that can move up to seven … Continue reading Sweden’s September CPIF rose from 0.7 percent to 1.5 percent. That is more than a doubling. Energy prices did most of the work.
New times, new ways
Sweden spent a decade making cash feel optional. Then it passed a law saying some shops cannot treat it as optional. Act (2026:769) took effect on 1 July 2026. Grocery stores and pharmacies with staffed checkouts must accept cash for purchases up to 0.1 price base amount (5,920 kronor in 2026) and no more than … Continue reading New times, new ways
The Climate Sermon vs. The Energy Balance Sheet
I have said it before and I will say it again: the environmental movement bears significant responsibility for the fact that large parts of the Western world are struggling with unstable power grids. They lobbied for, and got, the premature dismantling of stable, clean baseload power that kept the lights on when the weather did … Continue reading The Climate Sermon vs. The Energy Balance Sheet
The glassware was worth a fortune. It is worth nothing now.
Yesterday I rented a table at a car boot sale just outside Stockholm. The temperature had dropped nearly 10 degrees between Friday and Saturday. It was cold and rainy. Not the best conditions for an already reluctant dad. My paternal grandmother died in 2020. Only now is my dad ready to let go of her … Continue reading The glassware was worth a fortune. It is worth nothing now.
Nordea pays later. Montrose pays now.
The portfolio is red. That is not the decision. We moved a large slice of capital from Nordea to Montrose this week. Nordea still classifies us as professional clients, so the shelf is wider. Montrose wins on the clock. The US withholding comes back immediately, and the line shows what the refund actually covers. At … Continue reading Nordea pays later. Montrose pays now.
Easy to preach once the money is in
There is a particular kind of late-life conscience that only arrives after the fortune is locked in. The man has already flown, eaten, spent and compounded. Then he looks at the rest of us and suggests we take the train, skip the steak and park what little we have in a sustainable fund. It is … Continue reading Easy to preach once the money is in
Debt near 100% of GDP is not a mood. It is a bill.
Kristalina Georgieva said so in Singapore on 7 October, in the curtain raiser for next week’s IMF and World Bank meetings in Bangkok. Her three crosscurrents were the rapid arrival of AI, energy prices that are still high after the Gulf conflict, and public debt at its highest since the Second World War, on track … Continue reading Debt near 100% of GDP is not a mood. It is a bill.