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Published Research Examples

My thoughts on currencies, May 2025

By Stephen Jen | May 22, 2025

My Thoughts on Currencies: Policy-wise in the US, 2025 has so far been a year of the ‘twin deficits’…

Washington deserved a downgrade

By Stephen Jen | May 20, 2025

Washington deserved a downgrade: Following Moody’s decision to strip the US of its final AAA sovereign rating…

The Ferguson Law and the US’ Fight for a Small Government

By Stephen Jen | May 14, 2025

The Trump Administration has been fighting to alter the trajectories of the US’ twin deficits…

Another Avalanche Warning on the Asian Currencies

By Stephen Jen | May 6, 2025

The Taiwan dollar (TWD) appreciated by 7.5 percent against the dollar over the first days of May, purportedly triggered…

Made in the USA 2035

By Stephen Jen | April 28, 2025

The economic rivalry between the US and China is intense partly because it is as much a technology war as a trade war.

WSJ: Xi is ratcheting up China’s pain threshold for a long fight with Trump

By Stephen Jen | April 24, 2025

In this follow-up note on the evolving US-China trade conflict, Stephen Jen provides a…

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“We don’t follow a research agenda, we believe an ‘always on’ writing and thinking culture is the right way to identify the big ideas that need to be explored”

Stephen Jen

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Eurizon SLJ Capital

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    overhead line on wooden supports in the Mongolian steppe, Bayan, Mongolia