China’s AI Export Machine
For years, investors have debated whether China could escape the structural slowdown of its domestic economy. The latest trade data suggest that, for now, it...
Tag: China
The AI Bubble’s First Crack?
For the past two years, the investment case for artificial intelligence has been remarkably simple. Demand appeared limitless, hyperscalers announced ever larger capital expenditure plans,...
The Real Winner of the Iran War
For months, markets focused on the obvious losers. Iran suffered devastating infrastructure damage. Israel failed to achieve many of its strategic objectives. The United States...
Why Markets Are Ignoring the Biggest Oil Shock in Decades
For decades, the closure of the Strait of Hormuz was presented as the ultimate nightmare scenario for the global economy. Analysts spoke endlessly about $200...
America’s Iran War Is Becoming Trump’s Political Trap
For months, Donald Trump attempted to project absolute confidence over the Iran conflict. The war would be short. Iran would bend under pressure. Oil markets...
The Strait May Reopen, But America Leaves Weaker
For financial markets, the announcement of a provisional 60-day truce between the United States and Iran was enough to trigger relief. Oil prices collapsed nearly...
Beijing’s Quiet Victory and America’s Shrinking Presidency
Donald Trump arrived in Beijing hoping to project strength. He leaves looking constrained, reactive and increasingly trapped by realities he no longer fully controls. Officially,...
The Bond Market Is Beginning to Revolt
For years, investors were told that inflation was temporary, that central banks remained in control and that sovereign debt markets would continue functioning as the...
The Strait of Hormuz Remains Closed, and the World Is Beginning to Understand What That Truly Means
For weeks, markets convinced themselves that the Iran crisis would eventually follow the familiar modern geopolitical script. Escalation. Television drama. Diplomatic statements. Controlled retaliation. Gradual...