Co-founder @inginuiti - AI for Wall Street • Former oil & gas analyst

London, England
Joined December 2025
This is why there’s no UK productivity growth. There’s zero incentive for the most ambitious and productive people in society to work 18hr days and take risks when they’d basically earn the same per hour stacking shelves.
In the past 25 years, Britain's pay differentials have collapsed. Everyone's earnings are bunched together within a smaller band. The top 10% now earn only three times as much as the bottom 10%. A quarter of the population earns within 10% of the minimum wage.
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Elon casually announcing that the debt markets have shut off AI data centres is eerily similar to what happened in 1873 before the railroad bubble popped. This is a much bigger deal than it sounds.
Replying to @chamath
Pretty much. As of the past few weeks, debt markets have almost entirely shut off access to money for any company that doesn’t have substantial revenue independent of AI data centers. SpaceX closed $40B of debt for GPUs, but we’re investment grade and have Starlink & launch revenue. That means the 200+ neoclouds are going to see guppy-level death and consolidation. Some will make it through, but not many.
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QE could lower yields. Sadly, it couldn’t print energy, factories or food. A bedtime story for bond traders. 🎢📉
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Good luck to all the mortgage brokers and sellers who told me they knew better 🤫
U.S. Housing Market sales just hit the lowest level ever in September 2026. The NAR's pending sales index just fell to 66.0. Which is the worst reading ever recorded. 50% lower than the pandemic peak, 35% lower than 2019 levels, and lower than any period during the 2008-09 downturn. Homebuyers are boycotting the housing market due to excessively high prices, and mortgage rates back above 7%. Meaning the U.S. remains mired in the biggest homebuyer recession in history, and it just got worse (sales down 11% YoY). The upside here is it's now a good time to make low ball offers on houses. Especially in markets with high inventory. Track demand and supply metrics for your ZIP at: reventure.app/map/ZUwB6aBmU1
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Mark Tabrett retweeted
BREAKING: So…. Barclays used TRS (total return swaps) to finance private credit funds? Am I understanding this right? Breached PRA rules in the process. So, no one Knows how deep PC is intertwined?
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There’s no such thing as a low-energy rich country
Microsoft has pulled out of Nscale's AI data centre in Essex. The reported reason: the site can't get enough grid power until the early 2030s. Britain has 743GW of projects contracted to connect to the grid. Only 81GW is built. AI investment goes where the power is.
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Prediction: people will not want a different AI agent for every part of their life. All of these companies will lose market share to competitors that let you access your own data using whatever agent you like.
notice.. > Delta is blocking AI agents from booking flights > JPMorgan Chase and Charles Schwab block agents from accessing accounts > Yelp requires paid data licensing for agents > Amazon has blocked Grok bot and other shopping agents. the internet is starting to block AI agents that were supposed to do everything for us
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The commercial property crash is going to be even worse than housing
Office loan delinquencies are near the highest level ever recorded, well above the peak of the 2008 financial crisis. 12.16% of office loans in commercial mortgage-backed securities were delinquent in September, per Trepp. The all-time high: 12.34%, set in January. In mid-2022, it was just 1.6%.
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Francesco Totti: “The best player I faced? Steven Gerrard. A champion! An example! He would be captain of my World XI dream team.” Lionel Messi: “I think Gerrard is England’s greatest ever player.” Arsène Wenger: “He was a fantastic player who had the qualities that every midfielder dreams of. He scored goals, he could pass. He had commitment and motivation.” Kaká: “For me, and I have always said this, Gerrard will be regarded as one of the greatest midfielders ever when he finishes his career. No doubt.” Thierry Henry: “I find it a disgrace that he didn’t win European Footballer of the Year in 2005 after Istanbul. For me, he is one of the best ever. Whenever you play Liverpool you know you have to get him out of the game. If not, it’s all over for you.” Patrick Vieira: “The best midfielder I would say is Steven Gerrard. I really rate him as a player and a man.” Wayne Rooney: “The best player I’d played for England with? I’d have to say Stevie. For me he is an incredible player, an incredible leader. He helped me a lot during my early days with England.” Paul Scholes: “Who was better, me or Gerrard? I can answer that. Gerrard. Gerrard’s a great player. I wouldn’t be able to do what he did at Liverpool.” Zinedine Zidane: “I have said in the past that at his peak he was the best in the world. I think it was the summer of 2004 I was having a conversation with Florentino Pérez and I told him I wanted him to partner me in midfield for Madrid.” Andrea Pirlo: “That night in Istanbul, Liverpool’s fightback was centralised on Steven Gerrard. He was their leader, their star player, their man who made it happen.” Pelé in 2007: “For me, for the last five years Gerrard has been the best player in the world.”
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Mark Tabrett retweeted
Lennar caught selling homes to themselves, juicing numbers and inflating comps. h/t @hntrbrkmedia @m3_melody $LEN
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Meta isn't the only one cleaning up after AI models. Bank of America admits it brought in 1,000 outside contractors to patch flaws that Anthropic's Mythos dug up, on top of the 3,000 people already on that work. Headcount is down about 3,000 year over year. The AI story looks great on the headcount line. The labor just moved to the consultant line, at a couple hundred million plus in Q3 remediation alone. Something tells me that the clean up won't be a one and done.
Well, this is awkward. Back in March, I questioned the grand idea that AI agents could replace entire engineering teams. Now Meta is reportedly rebuilding management layers because humans are spending too much time cleaning up after the machines. Turns out firing the adults and leaving the interns in charge wasn’t much of a strategy…. even when the interns are artificial.
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Meta is rehiring people to fix all the agents’ mistakes 😂 AI isn’t anywhere near good enough to replace us all yet @trevgoes4th
Well, this is awkward. Back in March, I questioned the grand idea that AI agents could replace entire engineering teams. Now Meta is reportedly rebuilding management layers because humans are spending too much time cleaning up after the machines. Turns out firing the adults and leaving the interns in charge wasn’t much of a strategy…. even when the interns are artificial.
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Mark Tabrett retweeted
Pep came back to watch City and they’re losing 3-0 at home. He’s officially entered his Sir Alex era 😭
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Mark Tabrett retweeted
Hey @grok what is the 18.6 year real estate cycle and where are we at now and what year would the bottom likely be, give or take.
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Why isn't oil at $200? Because "someone" keeps dumping oil futures all night long, and the CFTC refuses to look into it. Heck, even when it's clear-cut insider trading, the CFTC has been told to "back off," and they did. bloomberg.com/news/features/…
Replying to @chrismartenson
If you could, is there a good tl;dr version of why the hell oil isn´t at $200 already? Not keeping up with the day to day any longer, but given the number of moving parts currently obfuscating the view, a better vantage point would be much appreciated. 🫣
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Mark Tabrett retweeted
We have basically introduced a UBI through the back door and there has been zero accompanying renaissance in arts and culture. Just malaise and constant low stakes hustling.
Devastating @WSJ piece The welfare state is crushing Britain Some seven million people—more than 10% of the population—now claim at least one or more sickness or disability benefits. wsj.com/world/uk/united-king…
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Real estate perspective: —if only someone had warned EVERYONE not to overpay for these properties a few years ago 🤷‍♂️
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Translation: Britain’s energy use per person relative to our GDP is lower than ~95% of other countries
And then there’s the through-time version of that chart
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This is 100% the same discussions we’re having with our institutional finance customers and VCs
I work in this space. The question of “buy vs. build” has been around forever. For some non-mission critical system, you can build it yourself and be pretty sure that these will stand the test of time as long as there is a good set of documentation. But, for anything that is mission critical, requires 99.99% up time and increasingky frequent amounts of updates for security, compatibility, regulation etc, you are always better off buying. The unsexy side of software is what people don’t see, but that is what makes it reliable and robust such that you can let it be mission critical over the long-term. And what happens if you build a mission critical system and the team or individuals who have built it leave? Unless these businesses want a software business inside of them (they don’t) then this doesn’t add up. Plus, we’re in a world where you probably don’t need a UI or a front end anymore, so build your own one and connect to any number of MCP’s/API’s in the thing you’re building. The back end is reliable and robust, the front end is whatever you want it to be.
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Mark Tabrett retweeted
baby boomers are less than 20% of the population, and dying rapidly. 1.5 million of them die every year. meanwhile, millenials and gen Z make up over 40% of the population. boomers are not going to have the votes to vote themselves free money out of our pockets for much longer.
🚨 #BREAKING: 90% of boomers support raising taxes for Gen Z to fund their retirement handouts.
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