Person
Vitaliy Katsenelson is named in 4 Parts of The Buildout, most recently Part 15: Oil Is the Headline. The Real Yield Is the Bill.. Argued in Part 3 (1999 capex plus 2008 credit), Part 7 (Debt: 99% of GDP, up from 35%).
What Vitaliy Katsenelson argued
Paraphrased and attributed, with the date and a link where one exists. DeepStack keeps no score of who was right; the dated tests do that work in the open.
Part 07 · Debt: 99% of GDP, up from 35%Sep 10, 2026
Bond investors are rejecting the government-set price for Treasuries because of large, unaddressed budget deficits that may grow rather than shrink over the next 10 years, and because budget deficits imply inflation; Vitaliy Katsenelson says they…
The Fed Hiked. The Long End Still Climbed. Who is on each side Source
Part 07 · Debt: 99% of GDP, up from 35%Sep 10, 2026
In mid-August 2026 the 30-year Treasury yield reached its highest level in 19 years, above 5.3% (last seen in 2007), and the 10-year yield hit 4.75%; these are important because 30-year mortgage rates are set from them and about two-thirds of US…
The Fed Hiked. The Long End Still Climbed. Who is on each side Source
Part 03 · 1999 capex plus 2008 creditAug 6, 2026
AI profitability is elusive while open-source and Chinese models deliver comparable results at a fraction of the cost, so data-center pricing faces a race to the bottom exactly as fiber optics did after 1999; then the bankruptcies reveal who was…
The Machines Will Work. The Debt Might Not. Who is on each side Source
In The Buildout
One line per story, from the story itself.
Part 15The bill comes as a real yield
Howell's August 14 projection puts a 5.5% yield beside a market multiple below 20 times, about 10% lower, and Vitaliy Katsenelson named the likely casualties on September 10: expensive stocks whose cash flows lie far in the future.
Oil Is the Headline. The Real Yield Is the Bill.Part 10The bill raises the rate
Vitaliy Katsenelson put the fiscal version bluntly: “I personally would not buy a 10-year Treasury even at 6%”.
The Bubble Is in the DenominatorPart 03Debt is the product
Vitaliy Katsenelson, who lived through the first one, describes today’s market as “1999 capex plus 2008 credit”.
The Machines Will Work. The Debt Might Not.Follow
Analysis and opinion, not investment advice. What a person argued is reported, not rated; DeepStack shows no score, ranking or accuracy for anyone.