Writing
Original analytical writing.
Long-form essays on financial markets, geopolitics, supply chains, and the inner workings of companies.
- 31 May 2026
Copper, explained simply
Copper just hit its highest price ever. Here is the whole story in plain English and pictures: what copper does, why nothing can replace it, and why the world is starting to run short of it.
- 26 May 2026
The memory line in core PCE
For a decade the producer price line for printed circuit boards drifted sideways. In six months it ran from minus ten to plus one hundred and fifty six. The Fed has not named it yet, but it is already in the data.
