Rational Dissent Episode 011. Three Risks That Matter More Than Terminator AI Available on YT, Apple, Spotify, Overcast, etc. Looking past the sensational headlines, we analyze the measurable risks truly driving markets—from Europe's winter energy vulnerabilities and cracks in distressed corporate credit to the Fed funding pressures behind the Treasury basis trade. --- Chapters - Introduction & Risks - Energy Market Breakdown - Europe Natural Gas Watch - AI Debt and Credit Spreads - Oracle and CCC Stress - Basis Trade Explained - Funding Market Triggers - Crowded Trade and Transparency - Energy and Global Fallout - One Number to Watch - Final Takeaways and Signoff