Economic Insights

May 12, 2026

Behind the gate: The promises and perils of private markets democratization

Private markets are opening up to retail, and the product has to be rebuilt to fit.

May 12, 2026

Thinking fast, building slow: The energy cost of the US AI boom

Artificial intelligence is about to impose the largest sustained demand shock on US electricity infrastructure in decades.

May 06, 2026

US large banks: The peak of the cycle is not the time to be complacent

US large-cap banks posted record Q1 2026 earnings, and both earnings growth and asset quality sits well above trend.

May 05, 2026

Automotive: Will the Middle East crisis supercharge EV momentum?

Apr 30, 2026

Happy Labor Day? How geopolitics, immigration and AI will reshape work

US and European labor markets appear to be in good shape, with headline unemployment rates near historic lows. But three strong undercurrents (immigration policy, energy-price shock and AI) are churning beneath the calm surface.

Apr 29, 2026

Staycation summer? Jet-fuel crunch reshapes the peak holiday season

The Middle East crisis is squeezing airlines’ jet-fuel supplies.

Apr 23, 2026

Energy shock and policy response: Once bitten, twice shy?

The current energy shock is fundamentally a supply disruption, not just a price event, with Asia most at risk.

Apr 22, 2026

Global Insolvency Outlook: Brace for the Middle East spillovers

At a global level, the direct toll from the Middle East represents +7,000 additional insolvencies for 2026 and +7,900 for 2027.

Apr 16, 2026

Nowhere to hide? Rethinking safe havens and safe assets in a fragmented world

The US dollar emerged as the last remaining safe haven standing amid the war in Iran. However, this situation is increasingly conditional and regime-dependent.