Archive - Liquidity Desk

Macro Pulse: United States, second quarter of 2026

GDP slowed to 1.5 percent. Private domestic demand doubled to 3.9 percent. Only one of them tells you what the Fed does next.

Aug 4 • Tihomir Bachvarov

Credit Pulse, July 2026

If you are expecting a piece about panic in credit markets, this is not it.

Aug 2 • Tihomir Bachvarov

July 2026

June 2026

THE PRICE OF MONEY AND THE WEIGHT OF DEBT

How governments have always answered the arithmetic of r > g, and what that history says about the decade ahead

Jun 30 • Tihomir Bachvarov

W26 2026 | June 26, 2026

Jun 26 • Tihomir Bachvarov

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