The Forces Letter
A weekly letter on geopolitics, economics, and political economy—focused on mechanisms, not headlines.
Each Sunday: one clear analysis, a short map of pressure/constraint/leverage, two sources worth reading, and one concept explained plainly. Always free. No ads, no affiliate links, no upsells.
What you’ll get if you subscribe
A clearer way to see what’s happening each week, because I focus on the mechanism underneath events rather than replaying the timeline.
A practical map of pressure, constraint, and leverage, so you can tell what is driving outcomes and who can still say “no” in a way that matters.
Fewer links, better reasons, with two sources chosen for signal and usefulness, not for volume or novelty.
Concepts explained without jargon, so your understanding builds over time instead of resetting with each new story.
Writing that respects your attention, delivered weekly, free, with no ads, no affiliate links, and no upsells.
Subscribe below, and you’ll get the next issue on Sunday. Unsubscribe any time.
THE FORCES LETTER: December 29, 2025
I read three different analyses this week of Japan's bond market selloff. One emphasized the Bank of Japan's rate hike. Another focused on the record budget announcement. A third pointed to fiscal credibility concerns. This made me think about how we identify which force actually drives outcomes when multiple pressures converge.