Thought Pieces

Kevin Warsh: Meteorite or Mirage?

Part 1: Gold, China, and the Political Reinvention of the Fed

Feb 23 • Paper Alfa

Thinkers vs. Doers: AI & the Great Rotation

When Machines Replace the Thinkers, the Doers Inherit the Earth

Feb 18 • Paper Alfa

Geo-Military & Geo-Financial Macro

The new theatre of conflict — and the old language of capital

Feb 16 • Paper Alfa

Macro FX Trades for February

Feb 10 • Paper Alfa

Hawks, Doves, and the Scent of Inflation

A Deep Dive into the ECB

Feb 2 • Paper Alfa

The Yen, the Vigilantes, and the Return of History

Ghosts of Abenomics and the Price of Defiance

Jan 27 • Paper Alfa

All Gates, All Barbarians

Geo-Everything and the Slow Death of Old Macro

Jan 26 • Paper Alfa

All Gates, All Barbarians

The Moment Force re-entered the Language of Order

Jan 19 • Paper Alfa

Friday Chart Book

Geopolitical & Macro Observations / Silver speculation or shortage? / 250+ Chart Book

Jan 16 • Paper Alfa

January: New Year, New Macro FX Trades

Jan 13 • Paper Alfa

All Gates, All Barbarians

From Caracas to Taipei to the Arctic: 2026 opens with permission structures breaking

Jan 5 • Paper Alfa

Paper Alfa's 2026

4 years of positive performance, what's next?

Dec 31, 2025 • Paper Alfa

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