Archive
Browse market commentary, macro analysis, and student-led reporting.
Macro3 August 2026
For decades China was constrained by what it could produce. It is now constrained by what its households will buy, and the surplus it exports instead is reshaping trade policy across the world.
ChinaGlobal TradeIndustrial PolicyConsumptionProtectionism
Ahana Bhattacharya7 min read
Read ArticleMacro31 July 2026
Three of nine voted to raise Bank Rate. The Bank's own Report then said the market curve is steeper than policy needs to be, and that most of its slope is not a rate expectation.
Bank of EnglandMonetary PolicyInterest RatesInflationGiltsUK Economy
Rohan Talwar14 min read
Read ArticleMacro27 July 2026
Repeated heatwaves are no longer a seasonal inconvenience for Europe's economies. From lost labour productivity to rising food prices and multi-billion-euro damage bills, extreme heat is emerging as a structural drag on growth across the continent.
Climate RiskEuropean EconomyLabour ProductivityInflation
Sonal Weerasekera8 min read
Read ArticleMacro27 July 2026
Algorithmic feeds have quietly become a dominant force in setting asset prices and mobilising political movements, from GameStop to India's Cockroach Janata Party, while regulators still lack the tools to measure how virality converts into capital and power.
Attention EconomyFinancial MarketsMeme StocksAlgorithms
Ahana Bhattacharya8 min read
Read ArticleMacro23 July 2026
AI capital expenditure has emerged as the last major engine of global demand, propping up growth even as trade wars fragment the world economy. Whether that engine can keep pace with its scale and financing is the open question.
Artificial IntelligenceGlobal TradeCapital ExpenditureHyperscalersGrowth
Daya Kaur Kalher6 min read
Read ArticleMacro20 July 2026
Machine learning can spot economic shifts weeks before official statistics catch up, but its black-box reasoning means the most reliable forecasts still come from economists working alongside AI, not being replaced by it.
Artificial IntelligenceMachine LearningEconomic ForecastingHysteresis
Meghana Sivapuram5 min read
Read ArticleNew Fed chair Kevin Warsh was expected to bring a dovish, rate-cutting sensibility to the central bank. Instead, his first meeting delivered the most hawkish surprise markets have seen in years, with traders now pricing in the Fed's first hike since 2023.
Federal ReserveInflationMonetary PolicyKevin WarshInterest Rates
Sonal Weerasekera7 min read
Read ArticleMacro17 July 2026
Argentina's disinflation looks like a policy triumph on paper, but the currency framework enabling it may be quietly rebuilding the fragility it was designed to end.
Daya Kaur Kalher5 min read
Read ArticleMacro15 July 2026
China's factories are shipping more than they have in years, driven by an AI-fuelled tech boom. Yet second-quarter growth still slowed to 4.3%, its weakest in decades outside the pandemic, a reminder that strong exports don't always mean a strong economy.
Raghu Kohli6 min read
Read ArticleMacro10 July 2026
The Iran war sent oil prices soaring and hit every major economy at once, yet the Fed, the Bank of England, and the European Central Bank all responded differently. The divergence turned not on the shock itself but on each bank's headroom, growth outlook, and framework for interpreting supply-driven inflation.
InflationFederal ReserveBank of EnglandEuropean Central Bank
Kaveesha Maddala4 min read
Read ArticleThe Bank of Japan has raised its policy rate five times since 2024, yet the yen just hit a forty year low. Here is what two years of tightening have actually changed, and what is likely to happen next.
Bank of JapanInterest RatesYenJapan
Rohan Talwar13 min read
Read ArticlePeace on the warfront provides an opening to sift through the rubble and take account of the damage done so far.
Martim Domingos9 min read
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