Breaking Metrics is a weekly newsletter on capital flows in infrastructure, construction, energy, and manufacturing. Fraywire+ is the research stack behind it — the same four tools I use to write each issue, available to anyone who wants the raw data.
No team, no firm, no editorial board. I write because the work is sharper when it's published, and because tracking where capital actually moves in the real economy is how I think about where my own money should go.
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I've spent the last 16 years managing over $800 million dollars of heavy civil and bridge construction across the New York metro area.
The work is mostly about understanding constraints, tracking conditions as they change, and figuring out how decisions made upstream end up shaping outcomes months or years downstream. That mindset turns out to be how I read markets too. Supply chains, capital flows, and geopolitical pressure behave a lot like a construction schedule. There are binding constraints. There are decisions that look small until they aren't. And the people watching the right variables tend to see what's coming before the price tells them.
I write to position my own capital and to figure out what's actually changing under the headlines. Then I publish, because the work holds up better when it's tested in public.
Free. About once a week. Industry, construction, energy, and the macro that touches all of them.
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