Macro Picture

Venezuela’s Oil Sector: Reserves, Production Constraints, and Economic Limits

How FSCO Reframed Financial Stability in 2025

Market Outlook 2026: Equities, Bonds, FX and Commodities

Policy Outlook 2026: Fiscal Strain and Monetary Divergence

Rethinking Bitcoin Valuation: Liquidity, Power Law, and Energy-Based Models

Germany Under Strain: Economy, Rearmament, Politics and Markets