The Dangerous Illusion of Market Resilience
The Tape is LyingGeopolitical volatility has become background noise. On January 15, 2026, the markets opened with a collective yawn…
The Tape is LyingGeopolitical volatility has become background noise. On January 15, 2026, the markets opened with a collective yawn…
The cash pile is a mountain. It sits at an estimated 342 billion dollars as of this week. Warren Buffett…
The Trojan Horse in the GarageTesla is no longer a car company. It is a distributed utility. The market has…
The water receded. The debt remained.Sri Lanka’s recovery from Cyclone Ditwah is hitting a wall of institutional inertia. Today, the…
The 160 barrier is a graveyard for central bank credibilityThe yen is bleeding. Markets know it. Tokyo is paralyzed. As…
The Mirage of AbundanceWater is the new oil. That is a lie. You can live without oil. You cannot survive…
Davos is cold. The rhetoric is colder. As the World Economic Forum kicks off its 2026 summit, the messaging from…
The Illusion of StabilityEurope is dancing on a sinking ship. The music is classical. The movements are choreographed. The water…
The tape is screaming. The numbers are wrong. We are looking at a statistical ghost. This morning, the Bureau of…
The liquidity paradoxCash is king. But this king is a hermit. Corporate treasuries are currently overflowing with record liquidity. Trillions…