In 2026, the world will not collapse.And that is the greatest danger. There will be no single black day, no headlines screaming “a second 2008.”Instead, there will be something else: a slow, viscous realization...
The Fed eased pressure (rate −25 bps, balance sheet reduction halted) without turning on the money printer. The market’s main lever is U.S. real yields. If they drift lower, that supports the euro and...