The hottest Global Finance Substack posts right now

And their main takeaways
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Top Finance Topics

How the War With Iran Will Trigger a Global Financial Crisis (w/ Yanis Varoufakis) | The Chris Hedges Report

The Chris Hedges Report • 275 implied HN points • 17 Mar 26
🌍 World Politics Global Finance
  1. The war has choked key oil and gas routes, sending fuel, power and fertilizer prices sharply higher and causing shortages that will ripple through global supply chains for months even if the fighting ends.
  2. Those energy shocks, falling investment and likely central-bank tightening make high inflation plus rising unemployment more likely, meaning working people will suffer the most while elites and oligarchies can be insulated.
  3. The economic collapse will deepen political instability and authoritarian tendencies, weaken existing global and regional power structures, and increase the need for organized political resistance to defend democracy and social protections.

Chartbook 429 From transition to rupture: The evolution of Carney-thought 2019-2026.

Chartbook • 4606 implied HN points • 21 Jan 26
🌍 World Politics Global Finance
  1. The world is in a rupture, not a transition — the old rules-based order is weakening as great powers use economic integration as coercion, so middle powers can no longer rely on past protections.
  2. Middle powers should adopt value-based realism: combine principled commitments with pragmatic action by building domestic strength, diversifying partners, and forming issue-by-issue coalitions instead of appeasing a single hegemon.
  3. The global financial system is structurally risky because it remains dollar-centered, so medium- and long-term reforms are needed — better global financial safety nets, cross-border surveillance and macroprudential tools, and a move toward a more multipolar reserve system possibly enabled by new technologies.

Top Links 1017 Bankers dethroned. Strangling Cuba. The fight over stablecoins & Vietnam's four nos.

Chartbook • 472 implied HN points • 18 Feb 26
💰 Finance Global Finance
  1. Top Wall Street bank chiefs earned a combined $250 million in 2025—about $41 million each—highlighting huge executive pay and suggesting banks are being eclipsed by private finance and tech as sources of wealth.
  2. There is a major fight over stablecoins, signifying rising regulatory and political battles around digital money and financial innovation.
  3. Geopolitical and economic pressure is a theme, shown by measures described as strangling Cuba and Vietnam’s invocation of its 'four nos' policy stance.

Top Links 981 Deutsche Bank is back (kinda). The "in-between" places of crowded Africa. The Abraham accords and the Moroccan-Algerian arms race.

Chartbook • 529 implied HN points • 13 Jan 26
🌐 International Global Finance
  1. Deutsche Bank is making a comeback in global finance, but its return is partial and comes with important caveats.
  2. Across Africa, crowded urban and rural areas coexist with overlooked 'in-between' places, creating distinct social and economic pressures.
  3. The Abraham Accords are reshaping regional alliances, and those shifts are tied to a rising military competition between Morocco and Algeria.

The Precipice

QTR’s Fringe Finance • 42 implied HN points • 07 Mar 26
🌍 World Politics Global Finance
  1. Direct US military action has made World War III less likely right now because rivals like Russia and China look less willing or able to take on American forces.
  2. Private US defense innovation—like quickly building improved kamikaze drones—shows America's industrial advantage and makes adversaries think twice about engaging.
  3. The campaign's outcome matters for global power: success could reinforce the dollar and US dominance, while failure could cause heavy domestic fallout and enable rivals to reshape the world order.
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Top Links 956 Dollar reserves. The politics of hunger in Sudan. Microscopic robots & Ralph Lauren's Christmas.

Chartbook • 400 implied HN points • 19 Dec 25
💰 Finance Global Finance
  1. Dollar reserves have changed a lot since the late 1990s, reshaping how the dollar functions in global finance and geopolitics.
  2. Curated links span diverse topics, from the politics of hunger in Sudan to advances in microscopic robots and cultural pieces like Ralph Lauren's Christmas.
  3. The content is distributed via a subscription model that offers some free posts alongside paid options to support the work.

Chartbook 401: The dollar system in an age of market-based finance - financial globalization beyond banks (The World Economy Now, July 2025)

Chartbook • 1659 implied HN points • 30 Jul 25
💰 Finance Global Finance
  1. Since the 2008 financial crisis, more money is flowing into government bonds instead of loans to private companies, changing how our financial system works.
  2. Non-bank financial institutions like hedge funds and investment funds have grown significantly, taking on more risk and affecting stability in financial markets.
  3. The US financial system is now more influenced by global developments, making it vulnerable to shocks from other countries, not just from within the US.

Top Links 822 The US economy: no longer growing nicely. Reinterpreting the GFC and where Haiti's gangs get their guns.

Chartbook • 543 implied HN points • 07 Aug 25
💰 Finance Global Finance
  1. The US economy is not growing like it used to. Recent changes have made growth less stable and predictable.
  2. Before COVID-19, the US and other advanced economies had different growth patterns, and COVID made these differences even bigger.
  3. Understanding where gangs in Haiti get their guns can help explain some of the deeper issues in that region.

The Dollar's Death In 2026 Is Now A Mainstream Talking Point

QTR’s Fringe Finance • 49 implied HN points • 31 Dec 25
💰 Finance Global Finance
  1. The US dollar’s global dominance is eroding as countries and blocs build alternative settlement systems and settle more trade in local currencies, making the dollar increasingly optional.
  2. US fiscal and monetary policy choices plus the weaponization of dollar-based finance are pushing other nations to de-dollarize, and the US Treasury market shows structural fragility that often needs central bank support in stress.
  3. Market signals—rising gold and silver, growth of RMB-linked and commodity-backed stablecoins, and wider mainstream coverage—suggest a steady loss of confidence in the dollar rather than a sudden collapse, with major shifts likely ahead.

The “Sell America” Trade Isn’t A One-Off

QTR’s Fringe Finance • 26 implied HN points • 23 Jan 26
💰 Finance Global Finance
  1. Foreign demand for U.S. Treasuries is weakening at the same time U.S. deficits are growing, driven by Japan’s rate normalization, higher European borrowing, and less Chinese dollar recycling. That mix points to a weaker dollar, higher long-term yields, and more reliance on policy support for the Treasury market.
  2. Geopolitical and trade shocks can quickly trigger a "Sell America" trade where stocks, Treasuries, and the dollar all fall together, because foreign holders can and will reprice political risk and divest U.S. assets. Even small divestments by big foreign investors signal that demand for Treasuries is a choice, not an automatic safe-haven.
  3. Because concentration risk in U.S. bonds is rising, investors should diversify into foreign stocks and bonds and consider physical gold for balance-sheet protection. The Fed's recent reserve-management purchases of T-bills show the market may be becoming increasingly dependent on central-bank support rather than organic global demand.

Wang Yongli: The rapid development of USD-backed stablecoins offers a profound warning

Pekingnology • 184 implied HN points • 07 Jul 25
🔮 Crypto Global Finance
  1. USD-backed stablecoins are growing fast and giving the U.S. an edge in global finance. This increase is affecting the demand for U.S. Treasury bonds and the overall influence of the dollar.
  2. Stablecoins are different from traditional currencies as they operate more like digital tokens linked to fiat money. They allow for constant online trading, making them a key part of the future economy.
  3. Regulations are becoming important for stablecoins to avoid problems like overissuing and to ensure they have enough reserves. This could lead to stablecoins being used more for payments rather than investments.

Top Links 627 Is the dollar overvalued? Larry Summers feeling good. Gold & the price of a Rolex & The Rise and Fall of the Italian economy.

Chartbook • 329 implied HN points • 23 Jan 25
💰 Finance Global Finance
  1. The dollar's value is being questioned right now, which is important for understanding the economy. Many people are debating whether it's too high or just right.
  2. Larry Summers, a noted economist, seems optimistic about the economic outlook. His confidence might suggest some positive trends ahead.
  3. There are intriguing comparisons being made between gold prices, the cost of luxury items like Rolexes, and the state of Italy's economy. These links can help highlight larger economic patterns.

Greek stock market greens

The Greek Analyst • 199 implied HN points • 20 Nov 23
💰 Finance Global Finance
  1. The Greek stock market is performing well, with significant gains and various positive capital market developments like IPOs and investments.
  2. Greece's stock market offers appealing valuations compared to other European markets, making it an attractive investment opportunity.
  3. There is a resurgence of interest in Greek stocks, with increasing institutional support, positive outlook, and initiatives to boost market participation, indicating a potential trend for growth.

Top Links 616 Global corporate debt surge. Chicago's fiscal blues. Depoliticizing the railways of the Raj.

Chartbook • 300 implied HN points • 12 Jan 25
💰 Finance Global Finance
  1. Global corporate debt is rising sharply, which might affect the economy. This shows companies are borrowing a lot more money than before.
  2. Chicago is facing serious financial problems. The city's budget issues could impact its services and operations.
  3. There is a movement to make the railways in India less political. This could help improve efficiency and service for train travelers.

Top Links 558 Lending against chips. Cuba's oil collapse. India's financial revolution & Unger on our counterrevolutionary interlude.

Chartbook • 357 implied HN points • 12 Nov 24
💰 Finance Global Finance
  1. There's a growing trend of lending money using chips as collateral, which shows a new way to finance activities. It's like using your poker chips to get cash when you need it!
  2. Cuba's oil industry is facing major challenges, leading to significant changes in the economy there. This might affect everyday life for many Cubans.
  3. India is undergoing a financial revolution that is reshaping how its economy works. This could create more opportunities for people and businesses in the country.

The Fed's Global Dilemma

Concoda • 794 implied HN points • 01 May 23
💰 Finance Global Finance
  1. The banking system has evolved significantly post the 2007/08 Great Financial Crisis, leading to changes in global monetary standards and U.S. central bank's mechanisms.
  2. Regulatory standards like LCR, NSFR, and SLR have transformed major financial institutions into stable entities, impacting their ability to engage in certain financial activities.
  3. The Federal Reserve introduced new mechanisms like Jaws of the Fed™ to control money market rates and ensure financial stability, but faces a dilemma with vulnerabilities in its global lower jaws.

Demystifying the Eurodollar System

Concoda • 453 implied HN points • 15 Jul 23
💰 Finance Global Finance
  1. The Eurodollar system emerged post-WWII to store dollars outside the US banking system.
  2. America's global security pact led major banks to set up branches worldwide, creating the global dollar funding complex.
  3. The Eurodollar system involves a complex network of trades in Eurodollar markets.

Have a conversation about ESG

Anxiety Addiction & Ascension • 39 implied HN points • 25 Apr 23
🌍 World Politics Global Finance
  1. Spread awareness about ESG - it's a system favoring wokeness enforced by major financial players like BlackRock, affecting corporate decisions and ultimately societal control.
  2. Understand the impact of ESG on governance - it links to decisions like vaccine mandates through corporate governance criteria, influencing businesses to align with certain agendas to secure investment.
  3. Engage in conversations about ESG - discuss with others to raise awareness, starting with trusted individuals, to shed light on how ESG influences our lives and economy.

Japan GDP Ends 2021 Near Pre-Covid Level

Japan Economy Watch • 79 implied HN points • 16 Feb 22
🌍 World Politics Global Finance
  1. Japan's GDP in 2021 was just 2% above its level from 14 years ago in 2007, showing a stagnant long-term economic performance.
  2. The growth Japan has seen has largely been dependent on government deficit spending, with private domestic demand remaining below pre-2007 levels.
  3. Economists predict Japan's GDP growth to continue in a saw-toothed pattern, with the economy expected to grow by 3.3% in 2022 and 1.8% in 2023, but still lagging behind other major economies like the US and Eurozone.

The Death of Credit Suisse

Apricitas Economics • 64 implied HN points • 25 Mar 23
💰 Finance Global Finance
  1. Credit Suisse faced major financial issues over several years, with losses, leaked data, and fines leading to its demise.
  2. Swiss authorities forced Credit Suisse to merge with UBS to prevent a public collapse and global financial crisis.
  3. The fallout from Credit Suisse's fall includes impacts on European banks, market confidence, and central bank efforts to stabilize the financial system.