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Report / Capital Markets

The Capital Layer of Deterrence

The proposed Defense, Security and Resilience Bank shows how sovereign guarantees, capital markets, and industrial capacity are becoming the connective tissue of allied security.

Jun 30 / 16 min read
Memo / Capital Markets

Regime Change, Quietly

Kevin Warsh was installed to cut interest rates, but his first month at the Federal Reserve signaled something larger, and more disciplined.

Jun 24 / 9 min read
Report / Capital Markets

Depth, Speed, Duration

Three shocks, three mechanisms, and why the next downturn will be measured against the wrong yardstick.

Jun 20 / 10 min read
Report / Strategic Competition

Compound Learning and Decision Advantage

Strategic competition with China is a contest of institutional learning rates, not just a clash of platforms and inventories.

Jun 2 / 5 min read
Memo / Cities Infrastructure

The New York Premium

A city moving more, growing safer, and becoming more expensive at the same time.

Jun 1 / 9 min read
Report / Risk Resilience

Uninsurable Map

Climate risk is moving from weather maps to balance sheets.

Jun 1 / 22 min read
Report / Capital Markets

China's Magnet Monopoly

Rare-earth access turns ore into strategic leverage.

May 15 / 21 min read
Archive / Advanced Technology

AI for Enterprise

Anthropic and OpenAI announce joint ventures with leading investors

May 5 / 1 min read
Report / Capital Markets

Betting on the Index

Passive flows have built the most concentrated S&P 500 on record.

May 1 / 19 min read