GLOBAL ECONOMY SITE

Ray Dalio sees 2026 not as an ordinary business-cycle downturn, but as a historic turning point in which debt, currency risk, geopolitical conflict, domestic division, and technological disruption converge. This report examines what his worldview means for the global economy, the U.S.-led order, Japan, investors, and corporate risk management.

The US yield curve is steepening as rate cut expectations clash with rising fiscal deficits and Treasury issuance, reshaping global funding conditions.

Recent divestments by Danish pension funds and China’s declining U.S. Treasury holdings signal a structural shift in global bond markets. This report analyzes term premium dynamics, reserve diversification, and long-term implications for investors and policymakers.

An in-depth economic analysis of France’s colonial legacy in Africa, examining the CFA franc, security ties, and the transition from dependency to sovereignty.