Tag Archives | real economy

GeoNote: Forty-Day Buffers. Six-Month Repairs. One Squeeze.

Our GeoNote series since February 2026 has mapped the Iran war, the ceasefire, the new Hormuz toll regime, the paper-physical divergence, and the equity-market mechanism — one continuous analytical thesis built phase by phase, not a stream of headline reactions. What remains unmapped is the timeline on which the crisis stops being a market event and becomes a household one. Reserves run out unevenly — country by country, and commodity by commodity. The household crosses the gap on its own balance sheet.

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