Macro
Reading the Fed: Why "Higher for Longer" Matters More Than the First Cut
Markets fixate on the first rate cut; what really prices assets is how long rates stay high.
Macro
US macro, cross-jurisdictional financial regulation, and digital-asset markets — read from the Global South.
Macro
One Market in Five Mirrors: MiFID II, the FCA, the SFC, MAS and the CFTC on Digital Assets
The same token can be, at once, a security, a commodity, e-money and nothing at all — depending on the jurisdiction.
Macro
The Dollar Smile and the Global South: A Macro Note from South Africa
The dollar strengthens in both extreme fear and extreme boom; caught in between are emerging-market currencies.