
Alexander Belov
Contributing author
Independent analyst and consultant (finance and economics), qualified investor (Russian Federation), founder of the macroeconomic Telegram channel "Heart of a Dog"

Contributing author
Independent analyst and consultant (finance and economics), qualified investor (Russian Federation), founder of the macroeconomic Telegram channel "Heart of a Dog"
OpinionA risk analysis of the AI boom: energy crisis, mass unemployment, tech stock overvaluation, and threats to the dollar system. Why 95% of AI implementations are unprofitable and where hyperautomation is leading us.
OpinionThe Federal Reserve's chief economist analyzed how five countries have monetized their gold reserves. The potential for the U.S. stands at $800 billion, but there are risks to central bank independence and the dollar. International practices and forecasts for 2025.
OpinionAn analysis of the U.S. economic crisis through the lens of historical cycles. A national debt of $36.6 trillion, the dollar's decline, China's rise, and opportunities for Russia in the emerging multipolar world.
AnalysisThe Fed has raised rates to 3.75–4%. U.S. budget interest expenses will exceed $1 trillion in 2026. An analysis of the impact on government debt refinancing.
An analysis of three major financial bubbles: the 2000 dotcom crash, the 2008 mortgage crisis, and the current situation in 2026. Why central bank easy money and investor complacency are leading to a new market collapse.