@zolaanalytics.bsky.social
🇵🇪 1990: Peru's Economy Minister announces reforms with the words "May God help us." Inflation had hit 7,650%
35 years later, the Sol is Latin America's most stable currency.
Can it last?
Our first Zola Chartbook of 2026: The Monetary Vaccine --> buff.ly/yomPOqk
35 years later, the Sol is Latin America's most stable currency.
Can it last?
Our first Zola Chartbook of 2026: The Monetary Vaccine --> buff.ly/yomPOqk
January 6, 2026 at 12:44 PM
🇵🇪 1990: Peru's Economy Minister announces reforms with the words "May God help us." Inflation had hit 7,650%
35 years later, the Sol is Latin America's most stable currency.
Can it last?
Our first Zola Chartbook of 2026: The Monetary Vaccine --> buff.ly/yomPOqk
35 years later, the Sol is Latin America's most stable currency.
Can it last?
Our first Zola Chartbook of 2026: The Monetary Vaccine --> buff.ly/yomPOqk
🇵🇱 In 1995, Polish GDP per capita was 36% of the UK's, today it's 81%.
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December 16, 2025 at 2:46 PM
🇵🇱 In 1995, Polish GDP per capita was 36% of the UK's, today it's 81%.
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🇯🇵 Despite some success, Abenomics failed to tackle Japan's structural imbalances.
Real GDP +26%, Household Income +9%. Corporate hoarding transformed the private sector into net savers, forcing the state into perpetual deficits.
Can Takaichi fix it? Read this week's Zola Chartbook: buff.ly/vQFS0l5
Real GDP +26%, Household Income +9%. Corporate hoarding transformed the private sector into net savers, forcing the state into perpetual deficits.
Can Takaichi fix it? Read this week's Zola Chartbook: buff.ly/vQFS0l5
December 8, 2025 at 4:16 PM
🇯🇵 Despite some success, Abenomics failed to tackle Japan's structural imbalances.
Real GDP +26%, Household Income +9%. Corporate hoarding transformed the private sector into net savers, forcing the state into perpetual deficits.
Can Takaichi fix it? Read this week's Zola Chartbook: buff.ly/vQFS0l5
Real GDP +26%, Household Income +9%. Corporate hoarding transformed the private sector into net savers, forcing the state into perpetual deficits.
Can Takaichi fix it? Read this week's Zola Chartbook: buff.ly/vQFS0l5
Approximately 15,000 members of the extended royal family hold positions throughout the Saudi government and state enterprises. Jobs are allocated through lineage networks, a pattern that destroys meritocratic incentives and degrades the quality of decision making.
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November 24, 2025 at 12:18 PM
Approximately 15,000 members of the extended royal family hold positions throughout the Saudi government and state enterprises. Jobs are allocated through lineage networks, a pattern that destroys meritocratic incentives and degrades the quality of decision making.
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US labour productivity has risen since ChatGPT launch, but the gains remain within the boundaries of earlier cycles.
This week’s Chartbook runs a set of bubble diagnostics to gauge how far the cycle has stretched and where the main vulnerabilities lie --> buff.ly/4EO8x2Q
This week’s Chartbook runs a set of bubble diagnostics to gauge how far the cycle has stretched and where the main vulnerabilities lie --> buff.ly/4EO8x2Q
November 14, 2025 at 5:24 PM
US labour productivity has risen since ChatGPT launch, but the gains remain within the boundaries of earlier cycles.
This week’s Chartbook runs a set of bubble diagnostics to gauge how far the cycle has stretched and where the main vulnerabilities lie --> buff.ly/4EO8x2Q
This week’s Chartbook runs a set of bubble diagnostics to gauge how far the cycle has stretched and where the main vulnerabilities lie --> buff.ly/4EO8x2Q
In 1990, Thatcher joked that “governor of the BoE” was “a good idea.” A generation later, independence became central banking’s defining creed.
This week’s Chartbook explores how it took hold and why its contradictions are resurfacing.
Zola Chartbook: buff.ly/sdOJUmv
This week’s Chartbook explores how it took hold and why its contradictions are resurfacing.
Zola Chartbook: buff.ly/sdOJUmv
November 7, 2025 at 4:05 PM
In 1990, Thatcher joked that “governor of the BoE” was “a good idea.” A generation later, independence became central banking’s defining creed.
This week’s Chartbook explores how it took hold and why its contradictions are resurfacing.
Zola Chartbook: buff.ly/sdOJUmv
This week’s Chartbook explores how it took hold and why its contradictions are resurfacing.
Zola Chartbook: buff.ly/sdOJUmv
After Milei's blockbuster win this week, what next?
This week’s Chartbook explores Argentina’s long history of economic disappointment and asks whether we are finally witnessing a new dawn.
Zola Chartbook: buff.ly/RTOh9Vd
This week’s Chartbook explores Argentina’s long history of economic disappointment and asks whether we are finally witnessing a new dawn.
Zola Chartbook: buff.ly/RTOh9Vd
October 31, 2025 at 1:25 PM
After Milei's blockbuster win this week, what next?
This week’s Chartbook explores Argentina’s long history of economic disappointment and asks whether we are finally witnessing a new dawn.
Zola Chartbook: buff.ly/RTOh9Vd
This week’s Chartbook explores Argentina’s long history of economic disappointment and asks whether we are finally witnessing a new dawn.
Zola Chartbook: buff.ly/RTOh9Vd
After an eighteen-month ascent, gold’s rally suffered a reversal.
The correction followed one of the strongest advances in decades, driven by concern that fiscal strain and rising debt service costs were eroding the long-term credibility of money itself.
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The correction followed one of the strongest advances in decades, driven by concern that fiscal strain and rising debt service costs were eroding the long-term credibility of money itself.
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October 27, 2025 at 12:07 PM
After an eighteen-month ascent, gold’s rally suffered a reversal.
The correction followed one of the strongest advances in decades, driven by concern that fiscal strain and rising debt service costs were eroding the long-term credibility of money itself.
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The correction followed one of the strongest advances in decades, driven by concern that fiscal strain and rising debt service costs were eroding the long-term credibility of money itself.
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🇪🇸 Since 2019, Spain has recorded the strongest recovery in the Eurozone.
Real GDP is now over 6% above pre-pandemic levels, but the sources of that strength matter as much as its limits.
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and the complete note here --> buff.ly/nArHjC7
Real GDP is now over 6% above pre-pandemic levels, but the sources of that strength matter as much as its limits.
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and the complete note here --> buff.ly/nArHjC7
October 22, 2025 at 7:47 AM
🇪🇸 Since 2019, Spain has recorded the strongest recovery in the Eurozone.
Real GDP is now over 6% above pre-pandemic levels, but the sources of that strength matter as much as its limits.
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and the complete note here --> buff.ly/nArHjC7
Real GDP is now over 6% above pre-pandemic levels, but the sources of that strength matter as much as its limits.
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and the complete note here --> buff.ly/nArHjC7
250 years ago, life barely changed. Then the lamp became the lightbulb, the horse the engine, alchemy chemistry.
Our latest Zola Chartbook explores how Mokyr, Aghion, and Howitt explain that transformation, and what it means for today’s economy: buff.ly/jFhfe11
Our latest Zola Chartbook explores how Mokyr, Aghion, and Howitt explain that transformation, and what it means for today’s economy: buff.ly/jFhfe11
October 21, 2025 at 8:41 AM
250 years ago, life barely changed. Then the lamp became the lightbulb, the horse the engine, alchemy chemistry.
Our latest Zola Chartbook explores how Mokyr, Aghion, and Howitt explain that transformation, and what it means for today’s economy: buff.ly/jFhfe11
Our latest Zola Chartbook explores how Mokyr, Aghion, and Howitt explain that transformation, and what it means for today’s economy: buff.ly/jFhfe11
Exports rose 8.3% YoY in September, the fastest pace in six months, while imports climbed 7.4% YoY.
China’s trade engine remains intact, supported by a looser global macro backdrop and steady consumption in major economies.
China’s trade engine remains intact, supported by a looser global macro backdrop and steady consumption in major economies.
October 13, 2025 at 2:16 PM
Exports rose 8.3% YoY in September, the fastest pace in six months, while imports climbed 7.4% YoY.
China’s trade engine remains intact, supported by a looser global macro backdrop and steady consumption in major economies.
China’s trade engine remains intact, supported by a looser global macro backdrop and steady consumption in major economies.
Beijing expanded export controls on rare earths, tightening its grip on inputs critical to chips, clean energy, and defence.
This week’s Zola Chartbook looks at China’s dominance, the risks of supply concentration, and what it means for strategy and policy. buff.ly/E5grD1U
This week’s Zola Chartbook looks at China’s dominance, the risks of supply concentration, and what it means for strategy and policy. buff.ly/E5grD1U
October 10, 2025 at 3:49 PM
Beijing expanded export controls on rare earths, tightening its grip on inputs critical to chips, clean energy, and defence.
This week’s Zola Chartbook looks at China’s dominance, the risks of supply concentration, and what it means for strategy and policy. buff.ly/E5grD1U
This week’s Zola Chartbook looks at China’s dominance, the risks of supply concentration, and what it means for strategy and policy. buff.ly/E5grD1U
The New York Fed’s Survey of Consumer Expectations showed a clear shift in September. Short-term inflation views edged higher while confidence in the labour market weakened.
The contrast lies in households bracing for near-term pressures yet still holding to longer-term stability...
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The contrast lies in households bracing for near-term pressures yet still holding to longer-term stability...
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October 7, 2025 at 4:32 PM
The New York Fed’s Survey of Consumer Expectations showed a clear shift in September. Short-term inflation views edged higher while confidence in the labour market weakened.
The contrast lies in households bracing for near-term pressures yet still holding to longer-term stability...
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The contrast lies in households bracing for near-term pressures yet still holding to longer-term stability...
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Payrolls were cancelled, but the labour market story is visible elsewhere. Job openings have slipped to just above 7.2m, a cycle low.
For the first time in years, unemployed workers now outnumber vacancies.
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For the first time in years, unemployed workers now outnumber vacancies.
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October 6, 2025 at 10:56 AM
Payrolls were cancelled, but the labour market story is visible elsewhere. Job openings have slipped to just above 7.2m, a cycle low.
For the first time in years, unemployed workers now outnumber vacancies.
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For the first time in years, unemployed workers now outnumber vacancies.
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In 2021 Turkey cut rates as inflation surged. To curb dollarisation, it launched FX-protected deposits.
Liabilities soared above 140bn USD, shifting risk to the state. Now unwinding, the cost is clear: higher inflation beckons
Liabilities soared above 140bn USD, shifting risk to the state. Now unwinding, the cost is clear: higher inflation beckons
October 1, 2025 at 12:08 PM
In 2021 Turkey cut rates as inflation surged. To curb dollarisation, it launched FX-protected deposits.
Liabilities soared above 140bn USD, shifting risk to the state. Now unwinding, the cost is clear: higher inflation beckons
Liabilities soared above 140bn USD, shifting risk to the state. Now unwinding, the cost is clear: higher inflation beckons
Spain now records its strongest construction confidence since 2007 (+16.0).
Germany, by contrast, has collapsed to -15.5.
The gap between them exceeds 30 points, the widest since before the financial crisis. Momentum in Europe has shifted south.
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Germany, by contrast, has collapsed to -15.5.
The gap between them exceeds 30 points, the widest since before the financial crisis. Momentum in Europe has shifted south.
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September 29, 2025 at 11:04 AM
Spain now records its strongest construction confidence since 2007 (+16.0).
Germany, by contrast, has collapsed to -15.5.
The gap between them exceeds 30 points, the widest since before the financial crisis. Momentum in Europe has shifted south.
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Germany, by contrast, has collapsed to -15.5.
The gap between them exceeds 30 points, the widest since before the financial crisis. Momentum in Europe has shifted south.
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When Nixon untied the dollar from gold in 1971, many expected its dominance to fade. Instead, it became the backbone of global finance. With surpluses no longer recycled into Treasuries, the dollar now rests on private flows and confidence alone.
Full Zola Chartbook lnkd.in/dkrcg4se
Full Zola Chartbook lnkd.in/dkrcg4se
September 27, 2025 at 9:40 AM
When Nixon untied the dollar from gold in 1971, many expected its dominance to fade. Instead, it became the backbone of global finance. With surpluses no longer recycled into Treasuries, the dollar now rests on private flows and confidence alone.
Full Zola Chartbook lnkd.in/dkrcg4se
Full Zola Chartbook lnkd.in/dkrcg4se
Labour shocks fall unevenly: younger workers feel them first, older groups later. But today’s backdrop is different.
Gig jobs mask slack, keeping people “employed”. AI may soon hit entry-level roles hardest.
Unemployment still matters, but it’s never been the full story.
Gig jobs mask slack, keeping people “employed”. AI may soon hit entry-level roles hardest.
Unemployment still matters, but it’s never been the full story.
September 25, 2025 at 9:54 AM
Labour shocks fall unevenly: younger workers feel them first, older groups later. But today’s backdrop is different.
Gig jobs mask slack, keeping people “employed”. AI may soon hit entry-level roles hardest.
Unemployment still matters, but it’s never been the full story.
Gig jobs mask slack, keeping people “employed”. AI may soon hit entry-level roles hardest.
Unemployment still matters, but it’s never been the full story.
America’s share of semiconductor patents is slipping. As the US shuts the door on talent with a new USD 100,000 H-1B visa fee, it risks falling further behind.
From 1 October, China’s new K visa will open the door to global scientists and engineers.
From 1 October, China’s new K visa will open the door to global scientists and engineers.
September 23, 2025 at 10:20 AM
America’s share of semiconductor patents is slipping. As the US shuts the door on talent with a new USD 100,000 H-1B visa fee, it risks falling further behind.
From 1 October, China’s new K visa will open the door to global scientists and engineers.
From 1 October, China’s new K visa will open the door to global scientists and engineers.
Zola’s Global Macro Chartbook
Every Friday we explore the structural forces shaping economies and markets.
🧵 Here is a recap of recent editions...
Every Friday we explore the structural forces shaping economies and markets.
🧵 Here is a recap of recent editions...
September 22, 2025 at 4:20 PM
Zola’s Global Macro Chartbook
Every Friday we explore the structural forces shaping economies and markets.
🧵 Here is a recap of recent editions...
Every Friday we explore the structural forces shaping economies and markets.
🧵 Here is a recap of recent editions...
Henry Ford built a factory town in the Amazon to secure rubber for Detroit, but Fordlândia was abandoned by 1934. Brazil’s history is full of bold experiments that failed to take root.
This week’s Chartbook explores that record and the middle-income trap: www.zolaanalytics.com/insights/2bd...
This week’s Chartbook explores that record and the middle-income trap: www.zolaanalytics.com/insights/2bd...
September 19, 2025 at 4:45 PM
Henry Ford built a factory town in the Amazon to secure rubber for Detroit, but Fordlândia was abandoned by 1934. Brazil’s history is full of bold experiments that failed to take root.
This week’s Chartbook explores that record and the middle-income trap: www.zolaanalytics.com/insights/2bd...
This week’s Chartbook explores that record and the middle-income trap: www.zolaanalytics.com/insights/2bd...
🇬🇧 The BoE held rates at 4% in September.
Services inflation and wages remain sticky, while labour market weakness looks supply-driven rather than demand-led.
With inflation risks still prominent, the MPC sees more danger in cutting too quickly than too slowly.
Services inflation and wages remain sticky, while labour market weakness looks supply-driven rather than demand-led.
With inflation risks still prominent, the MPC sees more danger in cutting too quickly than too slowly.
September 18, 2025 at 2:44 PM
🇬🇧 The BoE held rates at 4% in September.
Services inflation and wages remain sticky, while labour market weakness looks supply-driven rather than demand-led.
With inflation risks still prominent, the MPC sees more danger in cutting too quickly than too slowly.
Services inflation and wages remain sticky, while labour market weakness looks supply-driven rather than demand-led.
With inflation risks still prominent, the MPC sees more danger in cutting too quickly than too slowly.
This morning’s ZEW release once again underlined the wide divergence between the survey’s two sentiment components.
Chart 🧵...
Chart 🧵...
September 16, 2025 at 12:02 PM
This morning’s ZEW release once again underlined the wide divergence between the survey’s two sentiment components.
Chart 🧵...
Chart 🧵...
🇺🇸 US inflation picked up in August.
Headline CPI rose 0.4% MoM, lifting annual inflation to 2.9% YoY. Core prices increased 0.3% MoM, leaving the yearly rate steady at 3.1% YoY...
Data 🧵
Headline CPI rose 0.4% MoM, lifting annual inflation to 2.9% YoY. Core prices increased 0.3% MoM, leaving the yearly rate steady at 3.1% YoY...
Data 🧵
September 15, 2025 at 8:51 AM
🇺🇸 US inflation picked up in August.
Headline CPI rose 0.4% MoM, lifting annual inflation to 2.9% YoY. Core prices increased 0.3% MoM, leaving the yearly rate steady at 3.1% YoY...
Data 🧵
Headline CPI rose 0.4% MoM, lifting annual inflation to 2.9% YoY. Core prices increased 0.3% MoM, leaving the yearly rate steady at 3.1% YoY...
Data 🧵