Daily Alpha · Substack

Campbell Ramble frames Paris as the end of the Boomer social contract

The post argues developed-world budgets rest on a social contract written for a world that no longer exists, with a political realignment coming on the back of weak balance sheets, technological acceleration and the end of globalism.

It ties the Paris situation to intergenerational tension in developed-world budgets.

QTR's Fringe Finance says US housing buyers are disappearing and liquidity is drying up

The post argues cracks in the US housing market are becoming increasingly difficult to ignore while Wall Street is busy celebrating AI.