News
Jamie Dimon's Market Leverage Warning Explained
JPMorgan CEO Jamie Dimon's market leverage warning: hidden margin debt is at record highs, and a collapsed AI hedge fund tested how fast it …
Macro
All Macro coverage
News
US-Japan Yen Intervention: $1 Trillion Gone in 40 Minutes
The US-Japan yen intervention was the biggest in history — and news of it erased $1 trillion in US stocks in 40 minutes. Inside the carry …
Analysis
Will Japan Sell US Treasuries? The Yen Repatriation Risk
Will Japan sell US Treasuries? Tokyo is pulling capital home as the yen hits 40-year lows — and it could push US mortgage rates higher in …
Analysis
What Is Global Liquidity? The Tide That Moves Markets
Global liquidity is the total pool of money and credit in the world's financial system. Here is how it's measured and why it moves markets …
Analysis
Paper Gold vs Physical Gold: What's the Difference?
Paper gold is a claim on metal you never hold; physical gold is the bar itself. Here's how ETFs, futures and unallocated accounts differ …
News
South Korea Stock Market Crash 2026: A US Warning
The South Korea stock market crash of 2026 wiped out 320,000 accounts through margin calls. Why record US margin debt could make it a …
Analysis
Yen Carry Trade Explained: Why It Moves Bitcoin
The yen carry trade is the world's cheapest borrowed money funding assets everywhere. Here is how it works, why it unwinds, and what it …
Analysis
Is Now a Good Time to Buy Gold? A 2026 Guide
Is now a good time to buy gold? After 2026's sharp pullback from record highs, here's a clear framework for the buy decision, the price …
Analysis
Who Is Mark Moss? The Bitcoin and Macro Educator
Who is Mark Moss? A guide to the Bitcoin and macro educator, his Market Disruptors platform, YouTube channel, and role as a corporate …
Analysis
China Gold Reserves: Why the PBOC Keeps Buying
China's gold reserves hit ~2,346 tonnes in June 2026, a 20th straight month of buying. Here's why Beijing keeps stacking gold — and what it …
Analysis
Bank of Japan: Why Its Rate Hikes Move Global Markets
The Bank of Japan raised rates to 1% in June 2026 — the highest since 1995. Here is why the BOJ, the yen and the carry trade matter to every …
Analysis
What Is Deflation? Causes, Effects and Real Risks
Deflation is a sustained fall in the general price level. As of July 2026, here are its causes, the deflationary spiral risk, and why …
Analysis
Why Is Bitcoin Down While Stocks Are Up? Real Yields
Why is Bitcoin down while stocks are up? Mark Moss argues it isn't broken or manipulated — real yields and the risk curve pulled the money …
Analysis
The Great Repricing: Debasement Meets AI Deflation
The great repricing is the collision of monetary debasement and AI deflation — why gold, Bitcoin and tokenized assets absorb the wealth fiat …
Analysis
Raoul Pal Supercycle: Why He Sees No Bear Market
The Raoul Pal supercycle thesis argues AI capex, debt, and liquidity make a 2026–2028 bear market almost impossible. Here's the case — and …
Analysis
When Will the AI Bubble Pop? Signs to Watch in 2026
When will the AI bubble pop? The early signs to watch — capex pullbacks, credit spreads, token prices, and China's cheap open-source AI …
News
CME 24/7 Gold and Oil Trading Starts July 24, 2026
CME's 24/7 gold and oil trading goes live July 24, 2026 with micro contracts. Why trader Bubba Horwitz says the date beats any Fed meeting.
Analysis
Strait of Hormuz Oil Shock: The Risk Markets Ignore
A Strait of Hormuz oil shock could reignite inflation, force a Bank of Japan rate hike, and trigger a yen carry trade unwind that hits …
Analysis
S&P 500 2026 Outlook: The Midterm Correction Setup
Benjamin Cowen's S&P 500 2026 outlook: a shallow June dip, a summer drift higher, then a 10–20% midterm-year correction into the autumn low.
Analysis
Gold Revaluation and the $10,000 Treasury Bond Thesis
Could a US gold revaluation reprice bullion to $10,000 an ounce? Inside the gold-backed Treasury bond thesis, Tier 1 gold, and the monetary …
Analysis
Is the Silver Rally Over? Tavi Costa on the Sell-Off
Is the silver rally over? Tavi Costa says the sell-off after Kevin Warsh's first Fed press conference is normal — and the structural case …
Analysis
Dollar Devaluation: M2 Hits Record $23.1 Trillion
US M2 money supply hit a record $23.1 trillion in May 2026, its fastest monthly jump in 5 years. Why dollar devaluation is the real …
Analysis
Clem Chambers: Fed 'Printathon' Means a Decade of Inflation
Clem Chambers argues Trump's Fed will be forced to print money for the industrial and AI buildout — meaning 5–9% inflation for a decade. …
Analysis
Bitcoin Below Fair Value: Cowen's 2026 Outlook
Benjamin Cowen says Bitcoin and crypto will stay below the fair value logarithmic regression trend line through 2026 — here's the model and …
Analysis
Marc Faber Warns of a Monetary Reset: Gold Over Bitcoin
Marc Faber warns the fiat system is heading for a reset. Why he favors gold, is skeptical of Bitcoin and XRP, and sees near-term deflation …
Analysis
Velocity of Money: How the Wealthy Close the Gap
The velocity of money is GDP divided by M2 — and running it on your own balance sheet exposes the return gap between what you need and what …
Analysis
Mining Stocks 2026: Tavi Costa's Automation Thesis
Tavi Costa says mining stocks now earn better margins than Google — and automation makes owning the best gold, silver and copper assets a …
Analysis
China's New Gold System: Why Beijing Killed Paper Gold
China's new gold system launches July 24 as major banks pull paper gold trading. Here's why Beijing is building a physical-gold rival to the …
Analysis
Economic Singularity: Raoul Pal's 2030 Crypto Thesis
Raoul Pal's economic singularity thesis says the old rules of economics break by 2030. Here's the GDP formula, the deflation shock, and the …
Analysis
GENIUS Act: How Stablecoins Absorb US Treasury Debt
The GENIUS Act forces stablecoin issuers to hold US Treasuries. Here's how dollar-pegged tokens could distribute trillions in US debt …