A short-form weekly video blog designed to keep you aligned with our evolving macro thinking. Each episode breaks down the key developments shaping the landscape, highlights where the data supports—or challenges—our core views, and shares the charts commanding our attention right now.
The Weekly Lens aims to give you a concise sense of MI2 internal discussion over the past week. It reflects what we have been reading and discussing, and how those discussions are influencing our view of the macro environment. The aim is to give you some idea of how our thinking is evolving. This week, we touched on the similarities of the Nvidia bubble with the Cisco bubble back around the time of the Dot.com crash.
The term “scapegoat” comes from a ritual described in Leviticus, where a goat was symbolically burdened with the sins of the people and sent into