https://nocashflow.net/ Daily macro & market analysis from nocashflow.net en https://nocashflow.net/articles/inflation.html https://nocashflow.net/articles/inflation.html Sun, 28 Jun 2026 08:00:00 +0000 A hawkish first meeting, inflation at a three-year high, and the July prints that decide everything — along a single line of tension. https://nocashflow.net/articles/warsh.html https://nocashflow.net/articles/warsh.html Mon, 22 Jun 2026 08:00:00 +0000 The June meeting wasn't about the hold. A new chair, a shorter statement, and a dot plot that quietly priced out this year's cuts. https://nocashflow.net/articles/hormuz.html https://nocashflow.net/articles/hormuz.html Sun, 21 Jun 2026 08:00:00 +0000 In March we argued the 1970s oil analogy was misleading. Three months on, Iran calls the Strait of Hormuz closed again — and the crude is still moving. Time for the scorecard. https://nocashflow.net/articles/circle.html https://nocashflow.net/articles/circle.html Thu, 18 Jun 2026 08:00:00 +0000 USDC is a $77B business. Circle only keeps the half its distributors let it. The most important number at Circle isn't circulation — it's the split. https://nocashflow.net/articles/smart-money.html https://nocashflow.net/articles/smart-money.html Mon, 06 Apr 2026 08:00:00 +0000 JPMorgan said institutions would dominate 2026 crypto flows. Q1 came in at one-third of the estimate. https://nocashflow.net/articles/nuclear.html https://nocashflow.net/articles/nuclear.html Mon, 30 Mar 2026 08:00:00 +0000 Data centers will consume 945 TWh by 2030 — equal to Japan's entire annual electricity use. https://nocashflow.net/articles/copper.html https://nocashflow.net/articles/copper.html Mon, 23 Mar 2026 08:00:00 +0000 Copper as a recession indicator is broken — AI data centers, EVs and renewables all demand it at once. https://nocashflow.net/articles/oil.html https://nocashflow.net/articles/oil.html Mon, 16 Mar 2026 08:00:00 +0000 Brent up 40%, Hormuz closed — but oil intensity has more than halved since 1973.