Grab and the New Monopoly of Southeast Asian Consumption
The Era of Subsidized Growth is OverThe burn is dead. Long live the margin. Grab Holdings has finally shed its…
Wall Street bonus pools swell while the credit cycle turns
The vaults are fullThe numbers are in. The math is cold. 2025 was a vintage year for the bulge bracket…
The S&P 500 is Trapped in a Volatility Box
The Illusion of ActivityThe tape is heavy. Liquidity is drying up. The S&P 500 is a ghost of its former…
Goldman Sachs Alternatives Rewrites the Software Buyout Playbook
The Shadow Banking Revolution in Mid-Market TechPrivate credit is the new king. Goldman Sachs just proved it. A $3.5 billion…
The Industrialization of the Modern Nursery
The gold medal is a relic. The affiliate link is the future. Shawn Johnson East is not selling bibs or…
The Brutal Math of Biotech Conviction
Capital is a cowardIn the biotech sector, capital is also a gambler. The industry exists in a state of permanent…
The Dollar Trap and the Yen Carry Trade Collapse
The greenback is bleeding. Markets are reeling from the fallout of the Goldman Sachs APAC summit.Liquidity is drying up. The…
The Great Emerging Market Fracture
Beta is DeadThe narrative of a unified emerging market rally is a lie. Wall Street analysts spent the first six…
The Epstein Contagion Rattles Global Asset Allocations
Institutional Trust Meets the Liquidity TrapThe files dropped. Markets buckled. This is not a drill. For years, the specter of…
Algorithms of Radicalization and the Market for Digital Order
The Price of PreventionThe United Nations Development Programme issued a stark reminder today. February 12 marks the International Day for…