Mazen El-Masri
2026/09/225 min read
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The AI Bubble Part II: Regulatory Charades, Cloud Rents, and the Missing ROI

In a post I published last year (here), I argued that the staggering capital deployment into artificial intelligence was economically unjustifiable. Years later, the ROI remains nowhere to be found. Instead of a productivity revolution that justifies trillion-dollar valuations, the market has double...
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Mazen Elmasri
2025/09/103 min read
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Outsourcing Debt: On money, digital currencies, and monetary policy

The US debt has reached a climax! Around 29 trillion printed dollars are parked in bonds, notes, and bills resulting in a debt-to-GDP ratio skyrocketing to around 125%. Servicing this debt is becoming too costly to handle especially with yields on 30year bonds almost at 5%. Global interest owning US...