Episode #33
Fundamental Weekly Review (EN) - Aug 15th, 2026
This week on Fundamental Weekly Review, we work through seven reports tracing a widening gap between soaring government debt costs and an AI infrastructure boom that's minting a new asset class. We start with inflation at 3.4% against a 4.68% Treasury yield — a ratio that signals real fiscal risk — and how a key CPI report leaves central banks trapped between fighting inflation and choking growth. We look at how AI computing power is being financed like toll roads and power grids, why a bond auction yielding 5.216% against nearly $40 trillion in debt suggests bond markets are finally punishing fiscal indiscipline, and the brutal disconnect in AI margin expansion: Big Tech margins doubling to 25% while the rest of the market's AI spending shows no payoff yet. We also unpack why Wall Street is celebrating a weakening job market as a signal for rate cuts, and close with Japanese yields climbing to 1.5%, narrowing the gap with the US and threatening to unwind the yen carry trade entirely. Final question: if AI infrastructure now inspires more confidence than sovereign debt itself, could computing power become the new gold standard
