Macro Thesis

Latest Articles

Rising Systemic Risks in the Global Economy

Exit Liquidity

Global financial markets are entering an increasingly fragile phase. Several structural risks are developing simultaneously...

Inflation and CPI Methodology

CPI Methodology

The Consumer Price Index (CPI) is one of the most important indicators for measuring inflation in the United States...

Housing Market Stress

Housing Affordability

Home affordability has reached historically extreme levels. Newly built homes are even cheaper than existing ones due to oversupply...

Gold and Safe Haven Assets

Gold and Safe Haven Assets

Central banks—including China—are accumulating gold at historically high levels, reflecting growing uncertainty about long-term stability...

Equity Market Risks and the AI Bubble

AI Bubble

Equity markets remain near historic highs despite increasing macroeconomic risks. Technical structures suggest institutional rotation...