Executive Summary
*Financial headlines this week focused on the Federal US Treasury debt topping $40 Trillion. Has the US entered a debt crisis?
*Trillions in AI Capital Spending! Who is writing checks? Who is getting checks? How will this end?
*Headline Round Up! A global fast paced tour of the financial markets and top headlines this week.
*The Texas Energy Infrastructure Revolution: The global energy crisis of 2026-2027 plus refined fuel shortage.
*The Ultimate Wealth Management Tax Summary for McGowanGroup Clients.
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Financial Headline Round Up!
*US Federal Debt Tops $40 Trillion! Crisis?
*10, 20, and 30 Year US Treasuries Trade to Highest Yields Since 2007.
*Treasury Announces “Operation Twist?”
*Big Tech’s AI Spending Off Balance Sheet Commitments $2.46 Trillion More Than Reported On Balance Sheet.
*AI = Robots Too!
*AI Bubble Pops or Deflates? A WSJ Opinion Piece from Brett Decker
*Could Quantum Pop The AI Bubble?
*TEXAS! Texas Stock Exchange Lands First 2 Primary ETF Listings: Texas Equity Index and Texas Oil Index.
*TEXAS! AI Spending: Who is Getting Checks? Energy Transfer Providing Natgas for Oracle’s NM Datacenter.
*KKR Makes $9 Billion Takeover Bid for UGI, Natural-Gas and Electricity Distributor.
*Anthropic Revenue Tops $65 Billion Before IPO.
*Bitcoin Spikes to $73k on Digital Asset Market Clarity Act Legislation Proposal.
*Cantor Lets Hedge Funds Place Bets on Kalshi’s Prediction Markets.
*Double In One Day! Moderna Spikes on Successful Trial and Short Squeeze.
*UNW Margin Call To Force Phoenix Suns Sale?
*Fire Point CEO CTO Iryna Terekh, 34, Turns Tide Against Russia for Ukraine with Flamingo Drone.
The Charts and Graphs Featured in This Week’s Show
US Debt Clock (08/21/2026)
– Courtesy of USDebtClock.org
US 20 year Treasury Yield (08/26/2016 – 08/14/2026)
– Courtesy of Bloomberg LP
iShares 20+ Year Treasury Bond ETF Weekly (08/26/2016 – 08/21/2026)
– Courtesy of Bloomberg LP
FOF Federal Reserve US Households & NPO Net Worth Nominal Dollar Value (09/30/2016 – 03/31/2026)
– Courtesy of Bloomberg LP
Atlanta Federal Reserve GDPNow 3rd Quarter 2026 Estimate (08/21/2026)
– Courtesy of Atlanta Federal Reserve
West Texas Intermediate Crude Price (08/16/2026 – 08/21/2026).
– Courtesy of Bloomberg LP
NYMEX First Month 321 Crack Spread (08/31/2016 – 08/21/2026)
– Courtesy of Bloomberg LP
State Street SPDR S&P 500 ETF Trust Year-to-Date (12/31/2025 – 8/21/2026)
– Courtesy of Bloomberg LP
State Street Energy Select Sector SPDR ETF – XLE (12/31/2025 – 8/21/2026)
– Courtesy of Bloomberg LP
S&P 500 Index Earnings Growth 2nd Quarter (05/16/2026 – 8/15/2026)
– Courtesy of Bloomberg LP
S&P 500 Member Ranked Returns Year-to-Date (12/31/2025 – 8/21/2026)
– Courtesy of Bloomberg LP
