Did the Global Economy Just Have an Acute Heart Attack? Why Bond Markets, Japan, and Liquidity May Define the Rest of 2025

Emergency Wealth Matters 3.0 Briefing| May 20, 2025

Happy Tuesday. This is the only economic vitals chart anyone should be talking about today!

Long before I became an insatiably curious investor and businessman, I spent my waking days optimizing the strength and performance of my physical body for my athletic endeavors. In both undergrad and graduate school, I studied to get my master’s degree in exercise physiology and nutrition, and I saw every system of the body as an elegant, interdependent machine. It was pragmatic as it was all about understanding how to optimize the performance of my biological portfolio.

25 years ago, when my athletic career ended after college, I shifted from an athletic obsession to an entrepreneurial/investor one. I used this baseline of biological knowledge to build mental frameworks that could help me drive performance out of a financial portfolio.

Today, I want to frame the global economic game through that same lens. Because when you truly understand how the financial system works—what makes it thrive, b…