Pulled from posts in the Macro category, newest first. Each answer reads as a citable claim and links back to the source post for the chart data, the footnoted derivation, or the broader thesis it fits inside.
The framing is structural, not cyclical. Macro here means treating the dollar system as a plumbing problem first and a narrative second. Pozsar’s Bretton Woods III as a working framework. Japan’s $5T external position as a balance-sheet constraint. The $12.6T US repo market as the actual transmission channel. Europe’s $24T payment-infrastructure realignment as an arbitrage trade dressed up as sovereignty.
Recurring questions probe the levels-versus-rates problem (why falling inflation rates don’t help when price levels are still elevated), the dual-mandate tension under structural shocks, middle-power realism as the new geopolitical default, and Britain’s strategic limbo as a worked example of post-Brexit drift.
Answers cite specific actors: Pozsar, Stewart, Thaler, named central bankers, named bond-market participants. Not aggregated “experts say.” The default move is follow the balance sheet, not the press release.