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What Could Possibly Go Wrong? Ryanair's Turkish Equation
Why being cheapest doesn't matter when currencies collapse and governments pick winners
Feb 15
•
Riko Kardamow
5
2
3
Creative Destruction, Now with Autocomplete
Disrupting the economy by rapidly deploying code you didn’t write and definitely don’t understand
Feb 4
•
Riko Kardamow
15
8
5
BORAT (Part II)
Geology, State Power, and the Quiet Mineral Shaping the 21st Century
Jan 23
•
Riko Kardamow
14
5
BORAT (Part I)
Geology, State Power, and the Quiet Mineral Shaping the 21st Century
Jan 19
•
Riko Kardamow
11
4
The Great Renminbi Rotation
How the ‘DeepSeek Moment’ and the Electro-State pivot are making the Renminbi’s undervaluation impossible to ignore!
Jan 12
•
Riko Kardamow
and
Michael Spencer
7
4
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and We’re Back
Dec 15, 2025
•
Riko Kardamow
10
2
1
Creative Destruction, Now with Autocomplete
Feb 4
•
Riko Kardamow
15
8
5
BORAT (Part II)
Jan 23
•
Riko Kardamow
14
5
BORAT (Part I)
Jan 19
•
Riko Kardamow
11
4
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Confessions of Riko
An Honest and Ruthless Post-Mortem of My 2024-2025 Energy and Macro Calls
Dec 29, 2025
•
Riko Kardamow
7
2
3
Ouroboros: The 2027 Short Thesis
Circular financing, physical scaling limits, and the "Maturity Wall": A deep dive into why we are fading the AI infrastructure boom
Dec 24, 2025
•
Riko Kardamow
9
6
and We’re Back
That pause wasn’t a retreat. It was a reset
Dec 15, 2025
•
Riko Kardamow
10
2
1
Taking the Desk Dark Through January
Subscriptions are off until January 2026
Oct 27, 2025
•
Riko Kardamow
6
1
Crude Capitulation Watch
$60 Brent, Dead Backwardation, and the OPEC Miscalculation
Oct 21, 2025
•
Riko Kardamow
4
1
Where's my GOLD?
Sell the Study in Exhaustion
Oct 17, 2025
•
Riko Kardamow
6
3
O-P-E-C
the deficit nobody's pricing
Oct 14, 2025
•
Riko Kardamow
5
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Kardamow
Independent, irreverent research on energy, macro, and geopolitics.
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