Tenni & Associates Pty Ltd

03/09/2026

Leopold Aschenbrenner was considered one of the brightest minds in AI. But intelligence alone cannot protect investors from market cycles.

His highly leveraged bet on AI infrastructure reportedly ended with an estimated $35 billion in paper wealth disappearing in a matter of days.

The story is a powerful reminder that market manias often follow a familiar pattern.

First comes innovation.

Then excitement.

Then huge profits.

Then comes the belief that the rules no longer apply.

We saw it during the dot-com boom. We saw it before the Global Financial Crisis. And today, speculation around AI infrastructure is reaching extraordinary levels.

The problem isn't innovation.

The problem is what happens when FOMO replaces discipline.

Borrowing increases. Risks are ignored. Concentrated bets grow larger. And everyone believes they are a genius while prices keep rising.

But leverage works both ways.

As markets enter the late stage of the cycle, protecting capital can become far more important than chasing the latest opportunity.

Because when the tide turns, confidence can disappear very quickly.

Read more here: https://realestate.propertysharemarketeconomics.com/the-brightest-minds-in-tech-suffered-a-35-billion-loss/?utm_source=linkedin&utm_medium=post&utm_campaign=blog_sitaware302_philpl

01/09/2026

You ain't seen nothing yet.

AI investment boom is on track to become the largest capital spending surge in modern history.

Last year, America's biggest tech companies spent US$450 billion on AI infrastructure.

That was just the appetiser.

This year, they're expected to spend US$900 billion on chips, data centres, power and networking.

By 2027, that could reach US$1.4 trillion.
To fund it, they've already borrowed more than US$400 billion this year.

Look at previous investment manias: of the 1840s, America's canal boom, the Roaring Twenties and the dotcom bubble.

History repeats itself.

Here’s an excerpt from Akhil’s book about the stage of the cycle;

The Secret Wealth Advantage – Page 156

Chapter 10: The Land Boom

Land values boom

“While the ‘Railway Mania’ can be clearly seen in the stock market, beneath it was the land market. After all, the bulk of the capital investment required to build a line went towards acquiring land, constructing stations, depots and turnpikes, and building out town centres: in other words, into real estate development.”

To understand it, you must understand the real estate cycle. Learn more here:
https://realestate.propertysharemarketeconomics.com/newsletter-property-share-market-economics/?utm_source=linkedin&utm_medium=post&utm_campaign=pcisignup_aiboomtswaanna_philpl

30/08/2026

The Biggest Property Downturn in 45 Years may now be taking shape as Australia reaches the predicted peak of the 18-year land cycle. This week, I look at the extraordinary forces that have driven the final stages of the global land boom, the warning signs now emerging across property and credit mark...

23/08/2026

Your taxes. Your mortgage.

Your freedom. When do you actually stop working for yourself?

Almost everyone with a mortgage works for two masters: the government and the bank.

So when do you finally stop paying them?

Property Sharemarket Economics (PSE) combines your taxes and mortgage to calculate your Economic Freedom Day.

But here’s the bigger question:

Why are young Australians struggling to get onto the property ladder?

It’s because land prices have become so high.

Find out more here: https://realestate.propertysharemarketeconomics.com/your-australian-economic-freedom-day-2026-ebook/?utm_source=linkedin&utm_medium=post&utm_campaign=ebooksignup_efd2026_philpl

23/08/2026

Pay attention people!!

I’ve been advising my clients about this timing since 2015.

Many ridiculed or doubted it.

For example a former senior employee at InterPrac Financial Planning Pty Ltd, who, when in 2022 I reminded him I had forecast the 2020 recession on the 28/4/2017, (written down), and asked why didn’t we get the people I subscribe to, to educate their advisors about the cycle, or at least the signs that occur before a major share market crash, replied “The fact there’s been a land crash every 18 years in America since 1800 is a coincidence!”

Seriously the dumbest thing I’ve ever heard anyone in the Financial Planning industry ever say. (And they’ve said some Doozies!)

Like Shane Oliver predicting a housing crash in 2020, and 2021, and 2022!!!! Lol.

While our clients purchased in 2019 and made $millions!

Can’t wait for the share market crash that usually follows the peak in land prices within a couple of years to occur! Then it is so easy to make huge gains on property development!

Bring it on!
NB, Trumps policies have almost guaranteed a massive recession starting in 2027 or 2028!

He’s repeated the policies of 1926, you must know what followed over the next 6 years surely?

Australia’s property crash may have only just begun. Catherine Cashmore examines how far prices could fall, why this downturn will be harder to reverse, and how the end of the land cycle and Kondratieff wave could spread through banks, household spending and the sharemarket.

20/08/2026

What have you worked your whole life for?

More money? A bigger house? A better life?

But what if we’ve misunderstood what an economy is actually for?

The Natural Economy by John Young asks bigger questions about wealth, land, work, money and government.

Just 160 pages, but ideas that could change how you see the economy.

Sometimes the quietest books make you think the most.

Read more here: https://realestate.propertysharemarketeconomics.com/what-have-you-worked-your-whole-life-for-this-little-gem-of-a-book-has-the-answer/?utm_source=linkedin&utm_medium=post&utm_campaign=blog_naturaleconomykatalin_philpl

18/08/2026

Tallest, largest, biggest… continues.

Vancouver has approved Holborn Group’s C$2.8 billion plan featuring a potential 315-metre hotel tower, which would make it the tallest building in Western Canada.

The project would also add four new buildings, 920 hotel rooms, 1,783 housing units including 237 social housing units, 70,000 sq ft of conference and meeting space, and a rooftop observation deck.

But the most interesting part isn’t the height.

It’s the timing.

Here’s an excerpt from Akhil’s book about the stage of the cycle;

The Secret Wealth Advantage – Page 191

Chapter 12: The Mania
5. Grand Designs: The World's Largest/Tallest/Longest/Deepest

"In late 1980s Japan, the resort schemes were good signs of rampant speculation. Other cycles can furnish examples: the Empire State Building in New York (announced in 1929), the Sears Tower in Chicago (1970), the Messe Turm in Frankfurt (1988) and the Burj Khalifa (2004) were all started in the heady final years of their respective cycles and were, in their day, the tallest buildings in their continent or globally."

To understand what it means, learn more here: https://realestate.propertysharemarketeconomics.com/newsletter-property-share-market-economics/?utm_source=linkedin&utm_medium=post&utm_campaign=pcisignup_canadatallesttoweranna_philpl

08/08/2026

08/08/2026

When will the next stock market crash at the end of this land cycle occur? Catherine Cashmore the 90-year cycle, the land cycle and more than a century of Dow data to narrow the coming collapse to a critical window....

27/07/2026

52,000 more Australian households fell into mortgage stress last quarter.

And it's not just the outer suburbs anymore.

The latest OurTop10 Mortgage Stress Report shows 421,725 households across Australia's 80 hardest-hit postcodes are now under financial pressure – up 14% in just three months.

Perth recorded the biggest quarterly spike nationally, adding 14,746 stressed households. Tasmania's Kingston saw a 304% surge in a single quarter.

But here's the real kicker – nine of the top 10 fastest-rising severe stress postcodes are premium, established neighbourhoods.

Bilgola on Sydney's Northern Beaches: up 515%. Hampton in Melbourne's bayside: up 278%. Brighton: up 73%.

"Mortgage stress is no longer just a Sydney and Melbourne story," said Mansour Soltani from OurTop10. "We're seeing severe financial pressure emerging in blue-chip suburbs that have traditionally been viewed as immune."

Three groups are bearing the brunt: first-home buyers who stretched with 5% deposits, outer-suburban families hit by rising commute costs on top of repyments, and high-income households carrying big mortgages alongside negatively geared investment properties bleeding cash each month.

DFA's Martin North offered a sobering take: "This smells of a long difficult episode for many, rather than a quick turnaround."

How are you seeing this play out in your local market?



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