Japan Joins the Global Tightening Club
For nearly three decades, Japan occupied a unique place in global finance. While the rest of the world worried about inflation, Japan worried about deflation....
Tag: EU
Europe Chooses Inflation Over Illusion
The European Central Bank has finally accepted what markets have been slowly discovering for months. The inflation shock is no longer an energy story. It...
Europe’s Inflation Trap Returns
For months, central bankers tried to convince themselves that inflation was dying peacefully. The post-pandemic shock was supposedly fading. Supply chains were normalising. Energy prices...
Europe’s Inflation Mirage Is Breaking Apart
For nearly two years, Europe comforted itself with a reassuring narrative. Inflation, we were told, was under control. The energy shock belonged to the past....
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...
Iran, Hormuz and the War That Cannot Find Its Exit
The war in Iran has entered that dangerous phase where everyone claims to want peace, yet each side rejects the only proposals on the table....
The One-Page Peace and the Many-Page Failure
Washington is now offering Iran what it refused yesterday: a staged reopening of the Strait of Hormuz and a gradual lifting of the American blockade....
Hormuz Drifts Into the Fog
The Strait of Hormuz is no longer merely blocked. It is being redrawn. Hundreds of vessels are now clustering near Dubai, while others move away...