Drift Signal

Drift Signal

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Welcome to the 1970s of Tech
When paradigms mature, stagflation follows
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Nicolas Colin
2
AI Depends on More Than Software
The compute-energy stack determines who captures value in the AI economy
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Nicolas Colin
3
Europe's Fast-Closing Carbon Window
Carbon pricing alone cannot build industrial champions
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Nicolas Colin
2
From Petrostates to Electrostates
The 1970s redux: AI drives the next great energy dislocation
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Nicolas Colin
4

July 2025

Can America Escape the Triffin Dilemma?
Investment abroad and digital infrastructure could replace trade deficits
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Nicolas Colin
Why Manufacturing Is Harder Than You Think
The West needs more than money to rebuild its factories
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Nicolas Colin
9
Digital Shōsha: How America Could Rebuild Its Industrial Trade Infrastructure
Erebor positions itself as a test case for linking finance, technology, and production
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Nicolas Colin
3
Late-Cycle Investment Theory: 10 Recent Snapshots
From AI to money to energy, late-cycle dynamics are reshaping everything
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Nicolas Colin

June 2025

Financial Repression Isn't What It Used To Be
When rich countries act poor, something fundamental has shifted
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Nicolas Colin
2
After the Global Factory
How Apple mastered global manufacturing—and why that era is ending
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Nicolas Colin
The End of Private Equity's Golden Age
Why the next chapter will look nothing like the last
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Nicolas Colin
Late-Cycle Investment Theory
The foundation for the coming decade
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Nicolas Colin
17
© 2025 Nicolas Colin
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