The reading room.
Short explainers on the ideas behind the markets.
Read the mechanism. Follow the sources. Form your view.
5 EXPLAINERS
Bitcoin01
Bitcoin starts with the rules.
The price changes every second. Start with the system underneath it.
EXPLAINER · 2 min READ
Macro02
Lower inflation. Still higher prices.
Why a falling inflation rate can coexist with a more expensive grocery bill.
EXPLAINER · 2 min READ
Gold03
Give gold a job in your portfolio.
Start with the reason you own an asset before you debate its next price target.
EXPLAINER · 2 min READ
Stocks04
An earnings beat is only the beginning.
Revenue, margins, cash and expectations tell a fuller story than one headline.
EXPLAINER · 2 min READ
Macro05
One rate decision. Many moving parts.
How central-bank policy can travel through borrowing, currencies and asset prices.
EXPLAINER · 2 min READ
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