The archive

Articles

Considered, original analysis across the fields Nitikos follows. Fewer pieces, each thought through to the bottom.

Geopolitics

The Fire Exit Is On Fire

For forty years the world built a way around the Strait of Hormuz. In September somebody set the way around alight –…

September 17, 2026
Finance

Nine in Ten Lose. That Isn’t the Scandal.

87.7% of India's F&O traders lost money in FY26 - but the odds track account size almost perfectly, and April's STT hike…

August 26, 2026
Macroeconomics

Brand India

India's defence exports hit ₹38,424 crore and non-fossil power crossed 300 GW. But 0.64% R&D and 5 crore pending cases are the…

August 15, 2026
Cross Currents

The Sea Has No Signboards. ISRO Built One.

India put a satellite ~740 km up to help four million fishermen, and it cannot see a single fish. Inside EOS-06, the…

August 12, 2026
AI & Tech

The AI Student Who Never Paid Tuition

Anthropic says Chinese labs ran 24,000 accounts through Claude for 16m answers. What AI distillation is, why export controls can't stop it,…

August 1, 2026
AI & Tech

The Cheapest Brain Wins

The same AI task costs $35 on OpenAI and $1.30 on DeepSeek. Why Chinese AI is so cheap, who's already switching, and…

July 19, 2026
AI & Tech

Everyone Buried Nokia Too Early

Nokia lost the smartphone war but may have won the next one. Inside its $1B NVIDIA deal, AI-RAN, 20,000 patents, and the…

July 11, 2026
Macroeconomics

The Business That Lost Money on Every Sale

For nineteen years the U.S. Mint made a coin worth one cent for 3.69 cents, printed the loss in its own annual…

July 7, 2026
Finance

The Rebellion That Bought Treasuries

Somewhere in El Salvador, a crypto company most people barely understand is lending the U.S. government more money than many sovereign nations…

July 3, 2026
Cross Currents

Last to Build, First to Scrap

India just became the world's number one ship-recycling nation. Celebrate it - then read the second sentence hiding inside the first.

June 27, 2026