The final part of Charlie Ormond’s meditation on our modern era. Today explores three ways our current crisis could end, and a clear investible solution.
Our Modern Interregnum (Pt. 3)
Part 3 of Charlie Ormond’s meditation on our modern era. Today explores the hidden mechanism behind today’s supply shock.
Our Modern Interregnum (Pt. 2)
Part 2, In Charlie Ormond’s meditation on our modern era. Today, we look at the inevitable consequences of a system that spent four decades optimising financial structures while neglecting the material ledger.
Our Modern Interregnum (Pt.1)
Charlie Ormond explains how the physical economy took the reins after the “Great Financialisation” period ended during the GFC.
The World on Acid
A Hormuz shutdown may not just shock energy markets. It could quietly choke the global supply of sulphuric acid, and with it, copper, uranium and cobalt production.
The Thief Came Through the (Chat) Window
AI is creating millions of new targets and millions of new attackers. The sector cleaning it all up is currently on sale.
Hormuz Shock
Drone strikes and naval escalation threaten the world’s most important energy corridor. The second order effects could be a headache for our hopes of rate cuts in the near term.
Is Private Credit the Next Subprime?
Blue Owl Capital just shut the door on its investors. And if you’re not paying attention, you should be.
Tariff Déjà vu
Trade chaos is ensuing in the wake of the Supreme Court’s ruling on Trump’s tariffs. When uncertainty spikes, there’s a clear place to be.
The Productivity Paradox is Back
Is AI productivity already here or do we have to wait years before we see it? I take a look at the latest data.
