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Investing

The $60 Trillion Question — Who Controls the World's Pension Money

The world's pension funds manage $68 trillion in retirement savings. Japan's GPIF and Korea's NPS are among the largest investors on earth — yet most finance professionals focus entirely on sovereign wealth funds. Here's the complete picture of state-controlled capital, and why every global investor needs to understand both.

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Oct 2, 2026

Investing

The UK Renaissance — Why Britain Is Quietly Becoming Interesting Again

The contrarian case for Britain — and why the most undervalued major equity market in the world may finally be turning

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Sep 30, 2026

Geopolitics

The Global Shipping Crisis — Hormuz, Red Sea, and the Cape of Good Hope Rerouting

How the world's trade routes got redrawn — and what it costs every time a container ship adds two weeks to its journey

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Sep 28, 2026

China's Deflation Problem — Why the World's Second-Largest Economy Is Stuck

On August 24, a Chinese court sentenced Hui Ka Yan — the founder of Evergrande, once Asia's richest man — to life in prison. The property crisis he helped create is now entering its sixth year. China's GDP is $20.8 trillion. Deflation has persisted for ten consecutive quarters. Property investment has collapsed 50-80% from peak. Youth unemployment sits at 16.9%. Consumer prices rose just 1% in June — missing even modest expectations. Stimulus is not gaining traction. The world's second-largest economy is stuck — and the mechanism by which it got stuck is one of the most important macro stories of the decade.

MWF Macro Team

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Sep 25, 2026