Markets27 Apr 2026
Why Goldman Sachs Was the Last Fund Standing
Goldman's near miss looked like good news. It was really a warning about everything else.
Private CreditGoldman SachsLiquidityCredit Risk
Abir Ghosh Biswas5 min read
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Jack Childs
Betting on Everything: How Prediction Markets Price the Future
Prediction markets are booming, with Bernstein projecting $240 billion in volume this year. The case for why they work is compelling. The case for why they might not is just as important.
Prediction MarketsPolymarketEfficient Market HypothesisPrice DiscoveryCompetition
Jay Patel9 min read
Read ArticleMacro21 Apr 2026
From Globalisation to Fragmentation: Shipping Routes Under Pressure
Disruptions in the Strait of Hormuz are exposing the fragility of global trade, raising the risk that decades of hyper-globalisation begin to fragment.
Global TradeGeopoliticsShippingGlobalisation
Matthew Mahrous6 min read
Read ArticleMarkets21 Apr 2026
The Wall Street Bet on a $5,900 Ticket
A Connecticut credit firm is lending millions against World Cup resale tickets, betting the markup holds. The trade exposes a wider story about how Wall Street is learning to finance scarcity.
Sonal Weerasekera8 min read
Read ArticleThe War America Can't Afford
The war in Iran is testing the informal bargain that has let America borrow cheaply for half a century. The allies whose cooperation sustains that privilege had no say in the conflict, yet they are bearing its economic cost.
IranFederal ReserveInterest Rates
Jack Childs16 min read
Read ArticleMarkets5 Apr 2026
Turbulence Ahead: Why Airlines Cannot Simply Pass On the Oil Shock
Jet fuel prices have doubled since February, but airlines face a microeconomic bind: raise fares too fast and passengers vanish, raise them too slowly and margins collapse.
AirlinesOil PricesPrice ElasticityIranMicroeconomics
Jay Patel7 min read
Read ArticlePrivate MarketsPrivate Equity28 Mar 2026
Week in Review: Private Capital & Dealmaking
From Blackstone's bid for Senior plc to the largest LBO in history and a regulatory clash threatening the private credit ratings ecosystem, this week laid bare the tensions running through global private capital markets.
Private EquityLeveraged BuyoutsPrivate CreditM&A
Sonal Weerasekera7 min read
Read ArticleThe Week That Reset the Rate Narrative
Six central bank holds in 48 hours, Brent crude approaching $96, and a US-Iran military conflict have shattered the consensus rate narrative of early 2026, resetting the dollar, the yen, and the entire FX outlook.
FXFederal ReserveBank of EnglandBank of JapanOilGeopoliticsUS Dollar
Raghu Kohli6 min read
Read ArticleMarketsPrivate Equity24 Mar 2026
The $3.8 Trillion Logjam
Record unsold assets, zombie funds, and pension pain. Why the private equity industry is at a structural turning point.
Private EquityPension FundsM&AZombie FundsInterest Rates
Alexander Eklund12 min read
Read ArticleMarketsPrivate Credit16 Mar 2026
Wall Street's Blind Spot
Retail investors are pulling billions, insiders say defaults are already here, and banks are quietly tightening credit. The mixed signals across private credit mask a single uncomfortable truth.
Private CreditPrivate EquityRiskWall Street
Alexander Eklund7 min read
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