Our readingWhat is a korrent?
Drawn from what Brad DeLong said
infrastructure Building the large physical things -- reservoirs, roads, pipelines -- and why some countries have stopped being able to.
The usual default math assumes debtors want to pay. But founder-controlled firms with a "you lent us too much" attitude introduce a strategic-default option that standard systems of ratings do not fully capture.
Where this was said
↗DataCenter Risk Is the Real Thing: CHART OF THE DAYbraddelong.substack.com
All 3 korrents from this piecethis one is 1st
Added to korrents 20 Sept 2026 · How quotes work · Something wrong? Tell us
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I hold this tooShared subject first, then similar wording. They may agree or disagree.