Deep Dive Report

In-depth macro research reports analyzing single themes — fiscal policy, credit risk, labor markets, and structural economic trends.

Credit Markets

Jun 13, 2026

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13 min read

Europe's Central Bank Is Cornered

Energy-driven inflation, a contracting economy, and the oil floor that stops the ECB from waiting it out

Debyn Benjamin

Credit Markets

Jun 6, 2026

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22 min read

Japan Just Broke the Global Bond Market

The Record 30-Year JGB, the $1.24 Trillion Repatriation Bid, and the Global Long-End Repricing

Debyn Benjamin

Credit Markets

May 29, 2026

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19 min read

Why Bond Yields Aren't Falling

Europe just committed €800 billion to rearm. Bond markets noticed.

Debyn Benjamin

Credit Markets

The Petrodollar Myth: Why the Dollar Doesn’t Need Oil Anymore

May 23, 2026

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25 min read

The Petrodollar Myth: Why the Dollar Doesn’t Need Oil Anymore

The Real Moats Hiding in Plain Sight, the Russia Stress Test, and Where the Dollar Actually Breaks

Debyn Benjamin

Credit Markets

May 16, 2026

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15 min read

How Oil Shocks Reach Your Portfolio

The buffers are expiring. Stage 2 starts now.

Debyn Benjamin

Credit Markets

The Petrodollar Reset — How the Gulf Chose Dollar Deepening Over Yuan Settlement

May 9, 2026

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23 min read

The Petrodollar Reset — How the Gulf Chose Dollar Deepening Over Yuan Settlement

China lost a 10-year bet

Debyn Benjamin

Macroeconomics

May 2, 2026

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19 min read

The wage trap, explained

$952B in interest. 28 years of postwar inflation. The full mechanism breakdown.

Debyn Benjamin

Macroeconomics

Apr 25, 2026

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20 min read

Your Grocery Bill Has a Hormuz Problem

Full breakdown: fertilizer, cattle, acreage, and the Q3 re-acceleration.

Debyn Benjamin

Macroeconomics

Why Central Banks Are Dumping Treasuries

Apr 18, 2026

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15 min read

Why Central Banks Are Dumping Treasuries

Central banks bought 4,000 tonnes in three years. The data shows where it's going.

Debyn Benjamin

Credit Markets

Apr 11, 2026

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21 min read

Brent Hit $144. Here's What Broke.

Negative equity risk premium. Spreads lagging fundamentals. No cushion left.

Debyn Benjamin

Macroeconomics

Apr 4, 2026

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13 min read

America's 8:1 Balance Sheet Crisis

The Deficit Doom Loop, Failing Auctions, and the Petroyuan Threat

Debyn Benjamin

Labor Market

Mar 28, 2026

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14 min read

The Gig Economy's Recession Ceiling

The gig economy safety net has a ceiling

Debyn Benjamin

Fiscal Policy

The 150-Day Fiscal Cliff: SCOTUS Kills IEEPA Tariffs, Section 122 Creates a Worse Trap

Mar 21, 2026

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30 min read

The 150-Day Fiscal Cliff: SCOTUS Kills IEEPA Tariffs, Section 122 Creates a Worse Trap

When the Supreme Court invalidates emergency tariffs, the pivot to a 150-day emergency measure creates a hard policy cliff that freezes business investment, accelerates consumer credit stress, and forces the Fed into an impossible position by July 24.

Debyn Benjamin

Macroeconomics

Private Credit: The $2 Trillion Stress Test No One Ran

Mar 15, 2026

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20 min read

Private Credit: The $2 Trillion Stress Test No One Ran

How Three Fund Crises Expose the Hidden Bank Connection

Debyn Benjamin

Deep Dive Report

Europe's Central Bank Is Cornered

Japan Just Broke the Global Bond Market

Why Bond Yields Aren't Falling

The Petrodollar Myth: Why the Dollar Doesn’t Need Oil Anymore

How Oil Shocks Reach Your Portfolio

The Petrodollar Reset — How the Gulf Chose Dollar Deepening Over Yuan Settlement

The wage trap, explained

Your Grocery Bill Has a Hormuz Problem

Why Central Banks Are Dumping Treasuries

Brent Hit $144. Here's What Broke.

America's 8:1 Balance Sheet Crisis

The Gig Economy's Recession Ceiling

The 150-Day Fiscal Cliff: SCOTUS Kills IEEPA Tariffs, Section 122 Creates a Worse Trap

Private Credit: The $2 Trillion Stress Test No One Ran

Benjamin Capital Research