Macro research on Capital Markets, Geopolitics & the Madness of Crowds — all through the lens of the Dollar Milkshake Theory. By Brent Johnson.
| Platform |  | Pricing | Freemium | Publishes | Daily |
|---|---|---|---|---|---|
| Issues | 201 | Founded | a year ago | Last Issue | 5 days ago |
| Active | |||||
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research.santiagocapital.comLatest Issues
The Saver's Tax
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Your savings account is paying interest. Your money market is paying more. Your short Treasury ladder is paying more still. The Fed has not cut its policy rate this year. And every month, your purchasing power keeps going dow...
Think, Laugh, Cry #44
How DARK's Bootstrap Paradox reveals that nothing begins where you think it does.
Think Nothing begins where you think it does.
Why Bonds Stopped Working
When stocks go down, bonds go up.
That sentence has been the foundation of portfolio construction in the United States for forty years. It is the reason the 60/40 portfolio became the default. It is the assumption every target-date fund, b...
Broken Skies
The Gulf isn’t just an energy hub. It’s the world’s wide-body maintenance hub... and the Hormuz closure created a hidden airworthiness crisis most investors haven’t priced yet.
The Iran conflict triggered the supply shock playbook. Markets...
Macro Pilgrim's Ledger | May 10, 2026
Markets hit records despite Middle East flare-up as softer jobs data fuels rate-cut hopes and oil volatility grips geopolitical tensions
Equities pressed to fresh records as a softer-than-feared April payrolls print and easing oil reignite...
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Authors
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We cover the intersection of financial markets, geopolitics and the madness of crowds as we view them through our famework of the Dollar Milkshake Theory.
macro, investing.
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