Tuesday, May 12, 2026The LedgerLos Angeles Edition

The Ledger

A weekly reading of markets, written for operators and allocators.

Editor's note

Three publications, twice a week, free for every investor. The Macro Ledger covers the top-down. The Public Equities Ledger covers credit signals for AI-stack equity investors. The Private Markets Ledger covers PE, credit, and real assets. Every issue leads with the numbers that matter, explained for every level of investor.

Marc Grayeb, Los Angeles

§ 01

The Macro Ledger

The world economy in five questions: trend growth, business cycle, current accounts, currencies, structural shifts.

Read latest
§ 02

Public Equities

A twice-weekly credit dashboard for AI-stack equity investors. What the bond market is saying that equity has not priced.

Read latest
§ 03

Private Markets

PE, private credit, special situations, real assets. Deal flow, fundraising, and the structural shifts behind them.

Read latest
Subscribe

Three ledgers. Two issues a week. Free.

Each ledger publishes Monday and Friday mornings. Subscribe to any combination. Every issue leads with the data, explains the ratios, and links to the foundations. Unsubscribe anytime with one click.

Free. No spam. Unsubscribe anytime. We use a small amount of data to deliver what you asked for, and nothing more.