Categories
Economics

The Japanese Bond Market Matters More than You Think

Why do Bloomberg and CNBC talk about Japanese government bonds (JGBs) more often than any other non-Treasury bond?

Categories
Economics

Early Signs of a Credit-Driven AI Slowdown

This week delivered the clearest signs yet that the financing engine inflating the AI bubble is sputtering. We aren’t seeing it in equity prices, or in earnings. It’s more subtle than that…

Categories
Economics

What the Critics Get Wrong About the Efficient Market Hypothesis

The Efficient Market Hypothesis (EMH) is one of the most misunderstood ideas in modern economics. To some, it’s a smug claim that markets are perfect; to others, it’s an ivory-tower excuse for speculative financial bubbles. Here’s why EMH is both relevant and useful today…