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Hampson Strategies

Convexity Without
Complexity

Independent research, strategy, and consulting. We build systems that reduce friction and clarify decisions — across trading, real estate, architecture, and logistics.

Latest Market Note

Solvency Is Downstream of Refinancing

The system has been quietly transitioning from a balance-sheet economy to a rollover economy. In a balance-sheet economy, solvency depends on asset values relative to liabilities. In a rollover economy, solvency depends on uninterrupted access to the next financing window. The distinction matters because the two regimes fail differently.

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