https://newsletter.macronotes.com/s/macro-researchhttps://substackcdn.com/image/fetch/$s_!TmR3!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F02daecab-53c1-4d99-bb88-cc266bd09fa2_500x500.pnghttps://newsletter.macronotes.com/s/macro-researchSubstackSun, 01 Nov 2026 05:56:14 GMT