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The US Dollar's Structural Strengthening Under Warsh Threatens Emerging Market Stability

The US dollar has strengthened as investors reassess the future path of American monetary policy. Unlike short-lived rallies driven by market volatility, the current move appears linked to expectations that interest rates may remain elevated for longer than previously anticipated.

Nitish Kishor | 18 June 2026

What the Intel-Apple Chip Partnership Really Means for US Semiconductor Industrial Policy

The semiconductor industry has become a central focus of economic and national security policy. Governments increasingly view chip production not only as a commercial activity but also as a strategic capability essential to technological leadership.

Nitish Kishor | 18 June 2026

Why Apple's Memory Price Pass-Through Is a Warning Signal for the Entire Consumer Electronics Sector

Apple has long been regarded as one of the most disciplined supply-chain operators in the technology industry. Its scale, purchasing power, and operational efficiency have often allowed it to manage component cost fluctuations better than competitors.

Nitish Kishor | 18 June 2026

Why Kroger's eCommerce Profitability Is the Most Important Line in Its Disappointing Earnings Report

Kroger's latest earnings report was dominated by concerns about softer consumer spending, margin pressure, and weaker-than-expected profitability. The market reaction reflected those concerns, with investors focusing on the immediate challenges facing one of America's largest grocery retailers.

Nitish Kishor | 18 June 2026

Why the Custom Silicon Thesis Is Structurally Sound but Tactically Overpriced at Current Valuations

The investment case for custom AI silicon is built on a compelling economic argument. Large technology companies operate computing environments at a scale where even small efficiency improvements can produce meaningful cost savings.

Nitish Kishor | 18 June 2026

Why the Iran Deal's Oil Supply Recovery Will Take Longer and Be More Disorderly Than Markets Expect

The ceasefire between the United States and Iran triggered an immediate decline in oil prices as traders anticipated a rapid restoration of crude flows through the Strait of Hormuz. The market response reflected a belief that lower military risk would quickly return global energy …

Nitish Kishor | 18 June 2026

The Private Credit Withdrawal Spiral: How Forced Liquidations Could Cascade Through Alternative Assets

Private credit has grown rapidly over the past decade as institutional investors searched for higher yields outside traditional public markets. Pension funds, insurers, endowments, and wealth managers allocated substantial capital to the sector.

Nitish Kishor | 18 June 2026

The Real Cost of AI: Why Goldman's $770 Billion Warning Deserves More Attention Than Markets Are Giving It

The artificial intelligence investment cycle has become one of the largest capital deployment programmes in technology history. Major cloud providers and platform companies are spending aggressively on data centres, networking equipment, and advanced processors to secure a leading position in the AI economy.

Nitish Kishor | 18 June 2026

The SpaceX Valuation Paradox: When a Company Becomes Too Big for Its Own Investment Thesis

SpaceX has transformed the economics of space launches, built one of the world's largest satellite internet networks, and expanded into adjacent technology markets. Few companies have combined operational innovation and commercial ambition as successfully.

Nitish Kishor | 18 June 2026

The GTA 6 Economics: Why Take-Two's Coming Revenue Cycle Will Reshape the Entertainment Industry

The release of a major entertainment product usually creates a sharp burst of revenue followed by a gradual decline. Grand Theft Auto has repeatedly shown a different pattern.

Nitish Kishor | 18 June 2026
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