Briefings, research, charts and analysis on the institutions, capital flows and systemic risks shaping long-horizon portfolios.
For four weeks in June and July a signed US–Iran memorandum reopened the Strait of Hormuz to toll-free transit. The seven-day moving average of daily transit calls peaked at 26.71. The 2025 average was 75.16; the threshold prediction markets use for "normal traffic" is 60. The memorandum expired on
The 30-year Treasury touched 5.33% on Tuesday morning — a 19-year high — leaving the official H.15 series nineteen basis points from 5.50%. Four quantitative estimates of the same barrier question span twenty-five percentage points: a 50,000-path Monte Carlo at 53%, the full-sample base rate at 60%,
On 3 August the Governor of Texas directed ERCOT to audit every data centre in its interconnection queue before any further project advances, and ERCOT suspended a classification step due four days later. On 11 August the EIA cut its Texas 2027 load-growth forecast from 14% to 6% and named the pause
