One-off, on-request analyses that sit outside the regular macro → portfolio → finder → stock pipeline — produced when a specific question is worth a dedicated study.
The first format is the head-to-head comparison: two or more names weighed against each other to decide which is the better investment and what each could be worth. Future Special Reports may cover any sector or question. Newest first.
An education-first walk through the mechanics the news skips: how government spending it never taxed for props up headline GDP; why "money printing" hides three different things (and why today's deficit is borrowed, not printed); how barely half of measured "growth" is real once you strip out rising prices; and who quietly pays — the hidden inflation tax and the Cantillon wealth transfer from savers to asset-owners. Then the official 5–10yr picture (CBO baseline: debt held by the public ~100% → ~175% of GDP), three scenarios with odds, an honest counter-case, and where money has tended to flow. Not advice.
Read report →Given the house's lead scenario — stagflation-lite (a 38% plurality, not a certainty) — how do the two agencies that set the price of money respond? We extrapolate the reaction functions of the Treasury (Bessent) and the Fed (Warsh) from their philosophies and their shared Druckenmiller lineage (plus Miran's legacy): a Fed that leans hold-then-bend, a Treasury that leans loosen-throughout, colliding on rates, the dollar and a footprint that doesn't shrink but relocates to Treasury. Then the market map — asset classes, commodities, FX and the 11 GICS sectors across short (0–3m), medium (3–12m) and long (1–3y) horizons — with the alternate regimes as branches. Base case: a bear-steepening curve, a bid under gold and real assets, a structurally softer dollar, equities that must earn their multiple. Informed inference, scenario-conditioned, not advice.
Read report →Four competing economic models — Trump's restoration mercantilism, China's state-capitalist self-reliance, the BRICS anti-hegemon coalition, and Europe's regulatory reckoning — set against each other: ideology → implemented policy → future trajectory, scored across five battlegrounds (trade, reserve currency, tech, energy, institutions). The verdict: managed fragmentation, a dollar-dominant-but-eroding order — and the investment outlook across asset classes, commodities and the 11 GICS sectors, reconciling the cyclical 2026 dollar-up/gold-down reversal with the structural de-dollarization trend.
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