Coming soonparked for now
Concept Library
The ideas behind the news
Short whiteboard lessons on the ideas that keep coming up: bond yields, inflation, reserve currencies, choke points. We’re building it slowly, after the explainers are settled.
The first four, in sketch form
Plumbing
Strait of Hormuz
A narrow sea passage off Iran that a large share of the world’s oil and gas tankers must sail through.
Plumbing
Bond yields
The interest a borrower must pay to sell its bonds; when yields rise, borrowing gets dearer for everyone.
Big cycles
Inflation
A general rise in prices, so the same money buys less over time.
Multipolar
Reserve currency
The currency other countries hold for savings and trade; for the dollar it brings cheap borrowing and influence.