Read liquidity before the headline
Fed and ECB balance sheets, Treasury funding, inflation, currencies and the transmission of monetary policy.
open the Fed H.4.1 guide →$ cat start.md
Start with a question. Follow the evidence.
l0g is an independent publication about macro, opaque finance, credit, market plumbing, technology, public policy and systemic risk. Its English edition combines investigations, reference guides and open data for readers who want the mechanism as well as the outcome.
// choose a reading path
Four doors into the same financial system.
Find where the risk sits
Private credit, repo, collateral, insurers, securitisation and the contracts that move losses between balance sheets.
read the private-credit guide →Separate the investment from the promise
AI infrastructure, semiconductor constraints, financing structures, capex and the public filings behind the narrative.
trace Nvidia's $500bn claim →Follow the balance sheet across borders
Yen funding, Korean concentration, RMB settlement, property credit and Asian insurers as parts of a global system.
choose an Asia transmission path →// first visit
A practical route through the publication.
1Read the latest investigationsStart with sourced reporting on macro, credit, technology, policy and the machinery that transmits risk across markets.2Choose a durable reference guideUse the guides when you need to read a balance sheet, a public dataset, a market instrument or a regulatory text.3Explore the financing atlasesFollow AI, private credit and oil financing through dated relationships; inspect each claim, source and limitation.4Follow Asia through the global systemTrace Japan, Korea, China, Taiwan and Hong Kong through currencies, credit, commodities and global portfolios.5Audit the evidenceCheck the methodology, source hierarchy, uncertainty and correction paths behind the editorial work.6Reuse the public dataQuery JSON, NDJSON, the evidence graph, risk snapshots and signal history for reproducible workflows.
// editorial scope
The French corpus remains broader. English editions are selected and edited for an international audience, with the French source linked when one exists. The selection is global: Asia is a strong reading path, not the publication's only centre of gravity.