Macroeconomic News: Insights into Economic Trends and Developments

Australia’s fuel vulnerability just went from theoretical to very real overnight.

Six weeks ago, I asked whether private credit was the new subprime. Things are only looking worse since.

Markets continue to price this as a temporary disruption. But the idea that Iran will simply hand Hormuz back for free looks naïve in the gaze of history.

Iran is offering Hormuz passage in exchange for yuan settlement. This could be the wedge that splits the world’s financial system in two.

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.

Blue Owl Capital just shut the door on its investors. And if you’re not paying attention, you should be.