Why Regulation Reshapes Crypto Markets Without Erasing Them
Regulation does not eliminate crypto-assets but reshapes their structure, actors and market dynamics. An economic analysis of the durable transformation underway.
Tag Macro-Financial Regimes
This tag gathers articles analysing the major structural economic configurations: persistent inflation, disinflation, stagflation or deflation. It focuses on transitions between regimes and the ruptures that redefine the investment environment. A macro-financial regime change durably alters the behaviour of assets, central banks and economic agents. It is not a one-off event but a shift in logic.
Inflation and Equities: Why Sector Dispersion Persists
Inflation does not affect all equities equally. Differentiated effects across sectors and margins explain a growing share of the dispersion observed within equity indices.
Bitcoin: why its volatility is falling (2011-2026)
Bitcoin’s volatility has compressed from the 2011 extremes toward a durably calmer regime — a gradual maturation that regulation accompanies, without having caused it. Some asset classes stabilize without any triggering crisis marking the turn. Fragility does not vanish at…
DGS10 History 1962-2026: Three Regimes of 10-Year Treasury Yields
The FRED DGS10 series starts in January 1962 at 4.11% and stands in May 2026 around 4.2%. This near-perfect return masks three successive monetary regimes with radically different drivers and amplitudes. Identifying the regime in force is not a historian’s…
T10YIE in 2024-2026: Reading the Post-Cycle Anchoring Regime
Since late 2022, T10YIE has been trading in a narrow 2.2-2.4% corridor. Powell labels this zone well-anchored, yet it sits structurally above the Fed’s 2% target. Three competing readings illuminate this gap without resolving it. This article exposes the three…
Market Volatility in 2026: A New Regime for Stocks, Bonds, and Crypto
Since the beginning of December 2026, volatility has remained elevated across equity and bond markets, after a year marked by periods of calm followed by violent swings. Between shifts in rate expectations, persistent geopolitical tensions, and rapid sector rotations around…