France at a Standstill: The Quiet Arrival of European Stagflation
France has not collapsed. That would at least be visible. It has simply stopped moving. In the first quarter of 2026, the French economy recorded...
Tag: stagflation
Europe’s Strategic Folly Comes Due
Europe is once again discovering that moral postures are not an energy policy. For years, the continent congratulated itself on its virtue, mistaking dependency for...
$2.5 Trillion Gone: When Bonds Stop Playing Safe
There are moments when markets break character. This is one of them. In March, more than $2.5 trillion evaporated from global bond markets. Not equities,...
The Illusion of Control: Bond Markets in the Age of War
There are moments when markets reveal more than they intend. Not through clarity, but through panic. Three weeks into the war with Iran, global bond...
Interest Rates, Trade Wars, and the Theatre of the Absurd
Managing the economic fallout of a global pandemic might one day be remembered as an easy job for the Federal Reserve, especially compared to navigating...
Don’t Count on the Fed to Rescue The US economy
Trump’s full-frontal assault on free trade is nothing short of breathtaking—for its scope, its scale, and its wilful lack of nuance. The average tariff is...
Investors Flee to Treasuries as Trump’s Trade Tantrum Tips the World Towards Stagflation
Shell-shocked investors are stampeding into US Treasuries, desperate for shelter from the economic whirlwind unleashed by President Donald Trump’s latest round of tariff diplomacy. This...
Is the world heading towards stagflation?
Millions of borrowers worldwide face a generation’s most radical monetary tightening campaign. If we are near the end of the economic cycle, several structural elements...