Venezuela Was Richer Than Poland in 1990. Now Poland Is Six Times Richer

Published on November 3, 2026

A few years back, I compared two island-nations whose leaders came to power in 1959. At the time, Cuba was by far the wealthier of the two—rich in sugar, tobacco and tourism—while Singapore was a sleepy former colonial outpost with almost no natural resources.

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Can Q3 Earnings Get Back on Track After Being Rattled by Big Tech's AI Prints?

November 3, 2026
Last week, the AI trade began to crack further with Alphabet’s release, missing on both the top and bottom lines. Mirroring Meta’s print from the prior week, massive AI capex turned free cash flow negative, alarming investors.

Recent News on GDP and the Fed

November 3, 2026
In spite of all the angst, the economy keeps growing, with real GDP growth clocking in at a 3.4% annual rate for the third quarter, led by strong consumption and business investment, with much of both powered by the expansion of AI and data centers. In addition, it looks like the economic momentum will carry into the end of the year, with the Atlanta Fed’s GDP Now model starting off projecting Q4