Central Banks

Monetary policy decisions and their global impact

Public Debt

Every year, thousands of companies merge or get acquired for trillions of dollars combined. Yet studies consistently find that most deals fail to deliver their promised value. This Fundamental breaks down how M&A actually works: why companies pursue deals, what due diligence really uncovers, why synergies are so often overpromised, and what separates the transactions that create lasting value from those that quietly destroy it.

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The Fed has a new chair. What should worry you is how he got there.

54–45: the narrowest confirmation vote in Federal Reserve history. But what should concern us isn’t the result. It’s what it took to get there: a criminal investigation, unprecedented political pressure, and a broken institutional norm whose consequences for rates and inflation are still entirely unresolved.

The Fed has a new chair. What should worry you is how he got there. Read More »