The Securitization of Soul and the New Cultural Arbitrage
The melody is the collateralThe drum beat is the dividend. Wall Street has stopped looking for the next tech unicorn…
Silicon Diplomacy and the New Global Hegemony
The Sovereign Compute Arms RaceSilicon is the new crude. Washington knows it. On February 27, Morgan Stanley researchers Michael Zezas…
Wall Street Abandons the American Growth Narrative
The Great Rotation Is No Longer a TheoryThe American exceptionalism trade is dying. For a decade, the S&P 500 was…
The Eighty Five Trillion Dollar Grid Trap
Capital is moving. Fast.The global energy grid is a relic. It was built for a world of predictable demand and…
The 150 Day Countdown to Global Trade Paralysis
The Universal Baseline Tariff goes liveThe hammer fell at midnight on Friday. A 10 percent universal baseline tariff is no…
The Hidden Economic Friction of Healthcare Discrimination
The Price of ExclusionMarginalization kills growth. Markets often ignore the friction of dignity. On March 1, the United Nations Development…
The High Price of Systemic Health Exclusion
The Hidden Cost of DignityThe UNDP released its mandate for Zero Discrimination Day this morning. It calls for dignity. It…
The Algorithm Debt Bubble
The Davos pivot is completeThe World Economic Forum has stopped talking about killer robots. On February 27, the WEF signaled…
The Thirty Year Bull Run of Pikachu
The Financialization of Childhood NostalgiaThe cardboard is a lie. The value is the consensus. On this first day of March,…
The Sovereign Ledger Trap
The death of the physical walletCash is dying. Central banks are the executioners. In May 2020, ING Economics suggested that…