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Economy
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Higher for Longer Means Repricing Cheap Money
Markets must price a restrictive but not recessionary regime, where credit tightens, refinancing costs rise, and cheap money no longer anchors multiples.
6 min read
Higher-for-Longer Ends Cheap Money
Money now carries a real cost because inflation stays above target and growth is still resilient enough to keep policy restrictive.
5 min read
Can Cheap-Leverage Models Survive Higher Rates
Cheap leverage is ending as higher funding costs, balance sheet runoff, and positive term premiums reset valuations across credit and duration markets.
4 min read
5 min read
