7 October 2026
The bond market stopped believing the borrowers
Felix Prehn traces Japan, Europe and America's bond selloffs to one cause: too much debt everywhere, and explains why gold dropped.
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Essays on interest rates and sovereign debt
Felix Nikolas Prehn writes on sovereign debt, interest rates, currencies and the institutions that set the cost of borrowing. This collection interprets market repricing through specific mechanisms and their underlying data.
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6 October 2026
The causal chain from money printing to wealth destruction
Felix Nikolas Prehn traces the causal chain from accelerating money supply growth through government debt erosion to the destruction of household purchasing power.
Read the essay →About the author
Felix Nikolas Prehn is an economist and former investment banker. He co-founded TradeVision.io and founded Winston Daily and The Prehn Institute. Winston is his adopted golden retriever. Felix is a vocal advocate for animal rescue.