Data-Center Investment Risk: Lessons from the Past
The data center industry is experiencing a generational boom, fueled by a relentless surge in demand for Artificial Intelligence (AI) and cloud computing infrastructure. Billions of dollars are pouring into the sector, with developers racing to build the specialized, power-hungry warehouses needed to host the world’s digital brains. For global investors, the opportunity appears undeniable. […]
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AI’s $3 Trillion Moment: Boom, Bust, or Long-Term Growth?
Why AI could transform economies but still leave many investors behind. Introduction Artificial intelligence (AI) has captured global imagination and investment at unprecedented levels. Analysts estimate that AI-related investment could surpass $3 trillion over the next decade. From chip makers and cloud providers to startups promising breakthroughs in generative AI, capital is flooding into the […]
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The Shifting Geography of Capital Flows: From Unipolar to Polycentric
Introduction The most visible evidence of the seismic shift in geographic capital flows is the change in where capital originates and where it ends up. Historically, the U.S. and Western Europe were the unchallenged powerhouses, directing most of the world’s investment. That dominance has waned considerably. Today, the map of global finance is redrawn, with […]
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What the Bond Market Is Telling Us About the Health of the Economy Right Now
The bond market often serves as a barometer for economic health, offering insights into investor sentiment, inflation expectations, and potential policy shifts. In 2025, bond yields and spreads are signaling a complex economic landscape, marked by cautious optimism, fiscal pressures, and evolving inflation dynamics. The Yield Curve The yield curve, which plots the interest rates […]
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What Donald Trump’s Executive Order Allowing Alternative Investments in 401(k)s Means for Investors
On August 7, 2025, President Donald Trump signed an Executive Order that could reshape the way Americans save for retirement. This order directs federal regulators to expand access to alternative investments—including real estate, private equity, infrastructure, commodities, and digital assets—within 401(k) and other defined contribution retirement plans.[1] The Department of Labor has until early 2026 […]
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Robotaxis: Driving the Future of Urban Mobility
Robotaxis: Hemispheres Investment Management provided this article for educational purposes only and is not making an investment recommendation. Please consult with your financial advisor before making investment decisions. What Are Robotaxis and Why Do They Matter? Robotaxis are autonomous vehicles (“AV”) specifically designed for ride-hailing services. Unlike personal semiautonomous “self-driving” cars, they operate within a […]
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The GENIUS Act’s Hidden Ripples: Unintended Consequences for Banks and U.S. Capital Flows
On July 18, 2025, President Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025, or the GENIUS Act, into law. This important new law creates the first complete set of federal rules for payment stablecoins1. The GENIUS Act aims to encourage new ideas, better protect consumers, and keep the U.S. […]
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Copper Tariffs: Rationale and Potential Consequences
Understanding the Copper Tariff This week Donald Trump announced a proposed 50% tariff on copper imports, with an effective date of August 1, 2025. This new duty applies to refined copper and copper alloys entering the United States. The move comes as part of a broader strategy by the administration to reassess and reconfigure global […]
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Stablecoins: A Primer
Hemispheres Investment Management provided this article for educational purposes only and is not making an investment recommendation. Please consult with your financial advisor before making investment decisions. Introduction A stablecoin is a form of cryptocurrency designed to solve a fundamental problem in the crypto space: the inherent price volatility of major cryptocurrencies like Bitcoin and […]
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Greenland and Rare Earth Elements
Greenland has been of long-standing historical interest to the United States, particularly due to its strategic location and rich reserves of rare earth elements. In 1867 following the purchase of Alaska from Russia, Secretary of State William H Seward explored the possibility of buying Greenland from Denmark. The U.S. desire to control North America drove […]
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Data-Center Investment Risk: Lessons from the Past
October 23, 2025
AI’s $3 Trillion Moment: Boom, Bust, or Long-Term Growth?
September 18, 2025