February 7, 2026
Long Vol, Tail Risk, or Carry – Pick One.
There is no free insurance. If you want carry and calm, you cannot also expect convex crisis…
October 7, 2025
Digital Dollars: Real Risks: The Stablecoin Illusion of Safety
Stablecoins are marketed as safe digital cash. Under stress, liquidity mismatch and opacity may…
August 21, 2025
The AI “disinflation” story feels more wishful thinking than economic reality
AI-driven productivity does not automatically equal lower inflation. Structural fiscal and labour…
August 14, 2025
Let’s Talk Straight: “Productivity” is a Cop-Out
Productivity rhetoric often masks deeper reform failure. Who actually benefits when productivity…
April 21, 2025
Rebuilding Fiscal Strength and Fairness in the United States
US fiscal imbalance requires structural reform. Growth assumptions alone will not stabilise debt.
April 14, 2025
The Next US Tail Risks Part I: The World is Changing: Investment Strategy in Higher-for-Longer Rate Regime & TPA v SAA
Higher-for-longer is structural, not cyclical. Traditional SAA may no longer be fit for purpose.
April 7, 2025
The Next US Tail Risks Part II: How Today’s Macro Risks Have Played Out Before
Today’s fiscal risks are not unprecedented. History provides signals for navigating regime…
April 5, 2025
“China Isn’t Breaking the Rules – It’s Adopting the US’s Own Playbook”
China’s policy approach reflects earlier US industrial strategy more than many assume.
March 7, 2025
Echoes of Empire: The Economic Parallels Between Rome’s Fall and Modern Financial Policy
Historical empires signal how monetary excess and debt cycles can reshape economic power.