We’re at the Beginning of the Greatest Credit Expansion of Our Time

This is only the beginning...

For the past few years, the market narrative has been obsessed with AI, semiconductors, data centers, and energy. But beneath all of it — underneath the charts, the factor models, the FOMC noise — something far bigger is forming.

We are entering what may be the greatest credit expansion of the 21st century.
And almost nobody is talking about it the way they should.

This is the macro wave that will define the next decade of investing.