Before We Begin The Japanese yen has undergone one of the largest and most persistent depreciations of any major currency in the post-Bretton Woods era. Since the beginning of 2021, USD/JPY has risen from roughly 103 to a 40-year high…
It Wasn’t AI That Broke. It Was the Market’s Machinery for Pricing It. How South Korea erased roughly $2 trillion in forty days, while its two biggest companies reported record earnings. This is being written mid-crash, with the tape still…
The System That Replaced Banks The current stress in private credit is best understood by starting at its core. Business development companies were not built as opportunistic yield vehicles. They were created to solve a structural gap in the U.S.…
A significant yet often overlooked transformation is reshaping the global financial landscape: the emergence and rapid growth of stablecoins. These digital assets, usually tied to the value of the US dollar, offer a stable alternative to highly volatile cryptocurrencies. They…
Private equity (PE) remains one of the most dynamic and influential forces in global capital markets. From fueling innovation in fast-growing startups to transforming legacy corporations, PE firms employ a range of investment strategies tailored to different company stages, market…
As Treasury is looking to refinance significant portion of it’s short term treasuries, investors demand will remain a question. It was mentioned multiple times over last tow years that China significantly reduced their treasury holdings. More recently we seen Japan…
Investors entered the past year optimistic that micro-cap stocks would experience a significant rally, driven by expectations of economic resilience, supportive monetary policy shifts to monetary easing, and attractive valuations. However, the much-anticipated micro-cap resurgence failed to materialize, leaving investors…
There is the interesting return of a debate about share buybacks, as they have reached new all-time records, amounting to USD 1 trillion in 2024 and contributed to the US budget USD 7.4 billion through taxes on buybacks introduced in…