The Signal
The Bond Market's Forced Reckoning
For six weeks, bond markets ran two contradictory bets. The ceasefire collapsed one of them. What's left is a pure tariff inflation signal the market now has to price honestly.
Mira Voss
The Signal
After the Ceasefire: What the Oil Price Collapse Means for AI Infrastructure
Oil fell from $126 to $92. That reverses part of what we said was breaking. Here is what precisely changed — and what didn't.
The Voss Report
The Voss Report — April 8, 2026
The day’s AI stories worth your attention, selected and annotated by Mira Voss. Anthropic Claims Its New A.I. Model, Mythos, Is a Cybersecurity ‘Reckoning’ · The New York Times · April 7 Building a model dangerous enough to withhold from public release, then deploying it through forty private-sector partners anyway,
The Signal
The Tariff Stack: How Metals, Pharma, and Section 232 Restructuring Are Compounding the Cost Burden
Three tariff regimes are now running simultaneously. The Section 232 restructuring's mechanism shift — from metal-content to full-customs-value — is the underreported one, and its cost implications for AI infrastructure are direct.
The Signal
The Net Negative: Goldman Sachs Puts a Number on AI Labor Market Displacement
Goldman Sachs ran forty years of longitudinal data and found AI is cutting 16,000 net payrolls per month — and the scarring lasts a decade. The unemployment rate doesn't show it.
Anthropic’s Labor Market Study Is Built on Anthropic’s Own Data
The dominant AI firm is producing the dominant AI-labor research using its own platform data — with a structural incentive to find limited impact. The findings may be correct. The structural problem is real regardless.
Economics
Liberation Day, Year One: What the Tariffs Actually Built
89,000 fewer manufacturing jobs, a permanently smaller economy, $166B in refunded wrongly-collected tariffs, and a policy regime running on borrowed legal authority. The anniversary ledger.
The Voss Report
The Voss Report — April 7, 2026
The day's AI stories worth your attention, selected and annotated by Mira Voss. OpenAI Buys Streaming Show ‘TBPN,’ Aiming to Change Narrative on A.I. · The New York Times · April 3 A company that produces the systems under scrutiny now also owns a platform explicitly acquired to shape
The Signal
The $126 Barrel Problem
The AI capex boom was modeled on cheap energy and stable supply chains. Neither assumption is still operative. A stress test in three pressure points.
The Mirror
What the Writers Won
The 2026 WGA deal extracts economic value from AI training on writers' work for the first time. The perimeter is real. It is also narrower than it sounds.
Economics
The Ladder Disappears Before You Reach the Rungs
Brookings found 11 million non-degree workers in AI-exposed Gateway occupations — the roles that built 23 million upward transitions over the past decade. The question isn't just whether those jobs survive. It's whether the sequences do.
Economics
The Fed Is Watching Now: What Washington's First AI Adoption Monitor Actually Measures
The same economy produces 18%, 41%, and 78% AI adoption figures simultaneously. All three are correct. A new Federal Reserve note explains why — and reveals the measurement blind spot: agents don't appear in any of the three surveys.