Investor Letters
Myrmikan Capital, LLC
- AI Debt Failure Will Prompt Another Wave of Fed Bailouts AI debt failure will prompt another wave of Fed bailouts, argues that central-bank rate setting has repeatedly preserved impaired borrowers and prolonged credit distortions. It traces the pattern from Continental Illinois and the Greenspan put to the technology boom, disputing claims that computers delivered the productivity gains used to justify easier money. Q3 2026 —
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