Economic Insights

Jul 02, 2026

Credit risk relocated, not removed: Newton’s cradle transmitting risk across BBB, HY, and private credit

US credit looks calm on the surface – spreads tight, headline growth cheerful – but the risk has simply migrated.

Jul 01, 2026

Low earth, high stakes: The LEO satellite race between AI demand and geopolitical fragmentation

SpaceX’s record-breaking IPO puts a public price on a conviction private investors already hold: space is a durable investment vertical, not a passing cycle.

Jun 30, 2026

Code, carbon, kilowatts: AI’s hidden toll and the race to green the grid

Data-center investment reached USD580bn in 2025, putting AI on track to become one of the world‘s fastest-growing sources of electricity demand.

Jun 25, 2026

Pension Reform Survey 2026: Everyone knows reform is needed, few expect it to happen

Citizens recognize the need for social security reforms, but have far less confidence that reforms will actually be delivered.

Jun 25, 2026

The semiconductor premium: EM equity and the concentration risk within

Semiconductors are the backbone of the 2026 AI rally.

Jun 22, 2026

Ten Years After Brexit: Resilience Without Revival

Brexit 10 years on: Neither collapse, nor renaissance.

Jun 18, 2026

Public vs. private equity: The widest equity return gap in two decades

Public equities have repriced the future while private equity is still monetizing the past.

Jun 17, 2026

Southern Europe won the last decade. The next one is less obvious

Southern Europe has delivered an impressive turnaround this past decade, broader and more durable than many expected.

Jun 16, 2026

US-Iran Deal: Markets Price Peace, Economies Still Pay for War

Markets have celebrated the end of the Strait of Hormuz conflict