Normandie Research
A prospective intelligence on the tectonic shifts reshaping capital flows, geopolitical power, and the global order. Written for those who need to understand what's moving before it moves.
| Platform |  | Pricing | Only free issues | Publishes | Twice weekly |
|---|---|---|---|---|---|
| Issues | 21 | Founded | 4 months ago | Last Issue | 10 days ago |
| Active | |||||
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delalonde.substack.comLatest Issues
We Are Not Done With Oil
On Friday, the Dow surged and Brent fell below $85 for the first time in eight weeks. The financial press read this as relief: a US-Iran memorandum to reopen the Strait of Hormuz appeared within reach, perhaps signable before the G7 convene...
China Will Rule Us All, Through the Refinery
The Map That Lies
There is a map that every defense ministry, every battery maker, and every fund with exposure to the energy transition keeps somewhere in view, and it is the wrong map. It shows where critical minerals leave the ground...
The Corridor Capital
The Premise
There is an axiom at the center of sovereign debt analysis that we have encountered, in different forms, across most of the work we have published here. It goes something like this: a country’s borrowing cost reflects its in...
Don't Sell Your AI Stocks
On June 5, 2026, the Philadelphia Semiconductor Index lost more than 10% in a single session. Over a trillion dollars in market capitalization was erased in less than eight hours of trading. The proximate cause: Broadcom’s AI revenue guidan...
The Great Transformation
The Curtailment Tell
During the record Texas heatwave of August 2023, Riot Platforms, one of the largest listed Bitcoin miners in the United States, earned 31.7 million dollars from the grid. Not from mining. From not mining. The figure...
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| Subscribers | Engagement | 77 | Monthly Web Visits | ||
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Authors
The writers behind this newsletter.
Normandie Research is an independent macro intelligence publication covering geopolitics, capital flows, commodities, and civilizational shifts. Written for long-horizon thinkers who read structure before sentiment.
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