Report Investment Behavior of the Wealthy in the UAE
How wealthy investors in the UAE allocate assets amid geopolitical and monetary uncertainty. An economist explains the logic behind resilience-first strategies.
Report
Report 
GOLD Currency Hegemony and the Resurgence of Gold in the 21st Century
The US dollar remains dominant, but global reserves are changing. This report explains why gold is rising as a strategic hedge in the 21st century.
Japan Japan’s Africa Strategy at a Crossroads
Japan’s Africa strategy emphasizes sustainability, governance, and quality investment—but risks losing influence to China’s Belt and Road Initiative. This report analyzes the structural, geopolitical, and financial challenges Japan faces in Africa’s evolving diplomatic landscape.
Report Belgium Field Observation Report
Why Belgium remains stable despite division. An economist’s field report on mature economies, institutional friction, and lessons for aging societies.
Middle East The UAE–Russia Relationship
Why does the UAE maintain ties with Russia despite sanctions?This report explains their calculated cooperation through energy, finance, and realist geopolitics.
GOLD Why Governments Hold Large Amounts of Gold
Why do governments and central banks hold so much gold?This report explains Ray Dalio’s view of gold as ultimate insurance against currency debasement and geopolitical risk.
GOLD How Will the Dollar’s Dominance Change?
Will the U.S. dollar lose its dominance?This report explains how dollar power is eroding—not collapsing—through Ray Dalio’s Big Cycle, debt, and geopolitics.
Report Is the United States in Decline?
A Macro Perspective on the U.S. Economy Through Ray Dalio’s “Big Cycle” FrameworkI. IntroductionWhy Does the Strongest E...
Japan Japan’s Quiet Equilibrium
Why hasn’t Japan gone broke? Using Ray Dalio’s debt cycle framework, this report explains Japan’s high-debt equilibrium, monetary repression, and long-term risks.
Invest The Choice Not to Break
Ray Dalio devotes a standalone chapter to Japan in How Countries Go Broke. This report explains why Japan avoided collapse—and the long-term costs of low growth, silent adjustment, and intergenerational burdens.
Japan Long-Tail Risks of Monetary Tightening in Japan
This academic report analyzes the long-tail risks of Japan’s monetary tightening, focusing on structural uncertainty, expectations, fiscal sustainability, and global spillovers.
Japan Macro-Financial Stress Scenarios Following
Japan’s interest rate normalization may trigger credit tightening, yen volatility, and global spillovers. A macro-financial risk analysis for policymakers and investors.
Japan The Nature of the Shock to the Japanese Economy from Rising Interest Rates
Japan’s interest rate hike marks a structural shift, not a financial crisis.This economist’s report explains the real shock, sector impacts, and long-term implications for growth, yen dynamics, and fiscal discipline.