Fault Lines | The Sovereign Arsenal | Rearmament, Domestic Production, AI & the New Alliance Map

Global defence spending has risen for eleven straight years. The question for allocators is no longer how much governments spend, but where they spend it, on what, and alongside whom. In 2026 the answers are, increasingly: at home, on autonomy and software, and inside new alliances that no longer route everything through Washington.

#FaultLines, #MultipolarOrder, #DefenceSpending, #Rearmament, #DefenceIndustrialBase, #MilitaryAI, #MeccaDefenceAlliance, #JapanAustralia, #SAFE, #Localisation, #AllocatorWatch, #PunjabCapitalResearch

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The AI Unwind | Rates, Credit & the Price of Compute