Perspectives on Markets in Motion

Why the market for U.S. government debt, not the policy rate, is the binding constraint on American economic policy.

A $9.9 trillion retirement pool, a proposed fiduciary framework, and target-date funds built to carry private equity and private credit.

Partnership finance requires four forms of capital — financial, information, relationship, and reputational. What the old merchant banking houses understood.

Where the economics of Islamic financing structures converge with conventional credit, and what actually distinguishes substance from form.