In the Blind Spot: De-financialization or bust
SNEAK PEEK — Financialization was a policy choice in America and the U.K. just as much as industrial policy was a choice in China. — Why global trade and economic shifts risk reigniting the ‘Zaitech’ phenomenon. — The Elon vs Trump spat is best understood through the lens of neurodivergent psychology. Greetings subscribers! I’m […]
In the Blind Spot: Rise of the multilateral sovereign vision fund and the dividend dollar
SNEAK PEEK — The commotion in Japanese bond yields suggests a new strategic relationship is being forged between Tokyo, the U.S, and Masayoshi Son’s Softbank. And it may just center on the creation of a multilateral sovereign “vision fund” in which anyone can buy a stake. — Why brokerage models that pursue quality matches […]
In the Blind Spot: PAXOS Americana
SNEAK PEEK — Putting the Pax into Pax Americana with the upcoming “global dollar network”. — The BoE’s new RTGS system is a go. — My name is Donald of Arabia, king of kings, look on my towers, ye mighty, and despair. Howdy partners and happy Eurovision day! How can anyone concentrate on writing […]
In the Blind Spot: What if Xi fails?
SNEAK PEEK — Why Tether’s investment in the Twenty One Capital spac is a stabilization play. — What if Xi fails? Xi’s grip on power may be weaker than people appreciate. In which case, is the true purpose of tariffs catalyzing regime change in Beijing? — We explore the curious case of the missing […]
In the Blind Spot: Gold and steel wars
SNEAK PEEK — How central bank gold swaps may be linked to the current rally. — Why Elon’s Robotaxi dreams lack basis in economic reality. — The Kashmir attack that could reshape global trade by leveraging India’s hold on Europe’s industrial future. Greetings, subscribers! The invitation to our Summer Party should have hit your inboxes […]
In the Blind Spot: When the black market becomes the free market
SNEAK PEEK — How Trump’s tariffs could turn China’s grey markets into America’s secret weapon. — The ECB is panicking about the rise of USD stablecoins. That’s not necessarily a good sign for the euro. — Why the proposed European Defense Mechanism (EDM) has something of the CDO about it. Happy Easter Monday, subscribers! […]
In the Blind Spot: Breaking the People’s Bank of China
SNEAK PEEK — Why the 90-day pause and exemptions on U.S. tariffs don’t represent capitulation but are rather classic “art of the deal”. **(Updated)** — Reminder that the Trump administration’s whole objective is transforming exorbitant privilege from a right into a service. — Now is probably a good time to familiarize ourselves with the […]
Blind spots to watch on “Orange Monday”
Greetings subscribers, I’m actually off on Easter school hoildays this week, but before I turn to family matters I thought I would jot down a few things to be mindful of. This is based on a mix of personal analysis and source-based insight. — As Rabobank’s Michael Every has been saying for a while, we […]
In the Blind Spot: Global shock therapy and the rise of the American Mittelstand
SNEAK PEEK — THE ULTIMATE MAGA TARIFF Q&A: You’ve seen the mainstream take on Trumpian tariffs. We answer all your questions about the counter perspective. — Does Trump’s pardoning of HDR Global Trading give us a hint about what they’re planning for dollar liquidity management? — The return of MEFO bills. Oh yeah. Good […]
U.S. tariffs as an attack on the rentier class?
Yes, don’t laugh. But this coming Palm Sunday, as Christians around the world mark the day Jesus drove the moneylenders from the temple, a different sort of cleansing might be underway on Wall Street — one targeting America’s rentier class. One undertaken by arguably the most famous rent extractor of all: Donald J. Trump. As […]