नमूना मामले और उनकी इतालवी, अंग्रेज़ी तथा स्पेनिश रिपोर्ट देखें।
Fintech SCB — संपादकीय
वित्त, अर्थशास्त्र, भू-राजनीति और दुनिया को आकार देने वाली शक्तियों पर स्वतंत्र विश्लेषण।
वैश्विक वित्त, बाज़ार, अर्थशास्त्र, भू-राजनीति और अंतरराष्ट्रीय व्यापार पर स्वतंत्र दृष्टिकोण — लेखक रॉबर्टो बाल्बिनो, Fintech SCB के संस्थापक और सीईओ।
फ़ॉलो करना नि:शुल्क है — हमेशा।
रॉबर्टो बाल्बिनो को Substack पर फ़ॉलो करें और नए विश्लेषण सीधे अपने इनबॉक्स में पाएं।
Great ideas are everywhere. Capital, execution and success are not.
Trump says America is getting richer. The paycheck says maybe.The receipt says not so fast: in many parts of the country, the cost of everyday life is still rising faster than the purch power of wages
High taxes are not necessarily the problem. The real scandal begins when some citizens pay almost everything they owe, others do not, and both receive the same public services.
When visibility replaces substance, is Substack still publishing — or just another social network?
Trump says strong jobs should automatically mean higher stocks, lower rates and even 15–20% GDP growth. That is not how monetary policy, inflation, bond markets or equity valuation work
From a London fintech experiment to a global banking powerhouse: the rise, reinvention and contradictions of Revolut — and how it changed what customers expect from money.
QUATTRO ANNI PER RESTARE AL POTERE, NON PER CAMBIARE L’ITALIA: CRESCITA DA 0,x%, DEBITO IN RISALITA, SALARI REALI IMPOVERITI, GIOVANI IN FUGA, SOVRANISMO ARRESO ALLA REALTÀ
ESTANCAMIENTO, DEUDA, SALARIOS REALES DEPRIMIDOS, ÉXODO JUVENIL Y EL FRACASO DE LA PROMESA SOBERANISTA.
STAGNATION, DEBT, FALLING REAL WAGES, YOUTH EXODUS — AND THE FAILURE OF THE SOVEREIGNIST PROMISE.
Crescita debole, debito ancora enorme, salari reali sotto pressione e una politica migratoria da leggere senza slogan: meno sbarchi non significa meno immigrazione, e i rimpatri restano il vero banco
From digital banks to payment infrastructure, SME credit and stablecoin rails: the real transformation of Latin American finance is happening underneath the consumer interface.
How Billionaires and Multinationals Legally — and Sometimes Aggressively — Minimize Their Taxes
How the financing of artificial intelligence is quietly changing global capital markets
For decades, European beauty companies dominated the global cosmetics industry.
Jobs are not disappearing. They are moving — between sectors, countries, generations and skill levels. AI is accelerating the process, demographics are making it unavoidable, and migration is becoming
There is something fundamentally wrong with LinkedIn.
The U.S. debt problem is real. The inevitability of a debt crisis is not.
Netflix is one of the most extraordinary financial machines ever created in the entertainment industry.
An independent reflection on money, trust, responsibility, memory and the price of leaving things unresolved
Why Delaware became America’s corporate jurisdiction — and why the reality is very different from the offshore myth
The Global Guide to Low-Tax Jurisdictions, Tax-Free Regimes, Free Zones, Trusts, Foundations, International Banking and Tax Residency Understanding the New Global Architecture of International Tax Pl
Central-bank operations, bank credit creation, repo markets, collateral, shadow finance and the illegal mechanisms that can manufacture the appearance of legitimate liquidity
Schengen and the euro were extraordinary achievements. But Europe stopped halfway.
The death of Ratko Mladić on August 27, 2026, in The Hague has reopened one of the deepest wounds in modern European history.
FINTECH SCB Insights / Wealth Management
Italiano
Come investire 10 mila, 100 mila, 1 milione e 10 milioni di dollari
Tre regole prima delle percentuali. Quattro aree geografiche. Sedici portafogli. Una visione integrata di investimenti, casa e successione.
Roberto Balbino / FINTECH SCB
Ricerca indipendente per la rete FINTECH SCB
25 ottobre 2026 · Edizione estesa 1.0 · 63 pagine · PDF
Lettura e download gratuiti
English
How to invest $10,000, $100,000, $1 million and $10 million
Three rules before percentages. Four geographic areas. Sixteen portfolios. An integrated view of investment, homes and succession.
Roberto Balbino / FINTECH SCB
Independent research for the FINTECH SCB network
25 October 2026 · Extended edition 1.0 · 63 pages · PDF
Free to read and download
Español
Cómo invertir 10 mil, 100 mil, 1 millón y 10 millones de dólares
Tres reglas antes de los porcentajes. Cuatro áreas geográficas. Dieciséis carteras. Una visión integrada de inversión, vivienda y sucesión.
Roberto Balbino / FINTECH SCB
Investigación independiente para la red FINTECH SCB
25 de octubre de 2026 · Edición ampliada 1.0 · 63 páginas · PDF
Lectura y descarga gratuitas
FINTECH SCB Insight · November 2026 · by Roberto Balbino
What I Invest In Now
On November 3, 2026, American voters gave Democrats the House and the Senate. Markets sold the result overnight and bought it back by breakfast; the bond market moved first.
After Mid Trump turns that night into decisions: the policies that can still become law under divided government, why the middle of the Treasury curve beats the long end, and a model portfolio built position by position, with the signals that would prove the author wrong.
88 pages · 17 charts · 228 source notes · research cutoff November 4, 2026
General information and education, not individual investment, tax or legal advice. The model portfolio is illustrative. Capital is at risk.
FINTECH SCB Insight · October 2026 · by Roberto Balbino
How the AI Boom Became a Credit Cycle—and Who Will Hold the Loss
The debate over artificial intelligence is still argued as a stock-market question. The money has already moved somewhere else.
In 2026 the largest spenders on AI stopped paying for the build-out out of their own cash. In the first half of the year, capital expenditure at Microsoft, Alphabet, Amazon, Meta and Oracle absorbed 96 percent of the cash their businesses generated. At Alphabet, Amazon and Oracle it now exceeds it. Their reported debt has more than doubled in less than two years, to about $496 billion. Another $1.2 trillion of leases, signed mostly for data centers not yet delivered, sits outside their balance sheets.
Off the Books follows the contracts. It looks at joint-venture bonds backed by residual value guarantees, vehicles that own the chips, loans secured on hardware that ages faster than the debt, and guarantees written by the chipmakers themselves. It identifies who holds the claims: life insurers and the annuities behind them, semi-liquid private credit funds, and the banks that lend to the lenders. These are the institutions least able to leave when the numbers turn.
The Insight tests its own argument against the strongest objections and sets out three paths to 2028. It also states in advance the evidence that would prove it wrong. It closes with practical guidance and a dashboard of indicators for savers, entrepreneurs, credit investors and policymakers.
Shareholders can sell in a second. The people financing the AI build-out cannot.
78 pages · 23 figures and tables · fully sourced · data to October 29, 2026
Fintech SCB Insights / Educational Master
How to Read Markets, Build Portfolios and Evaluate Hedge Fund Processes
A 64-page guide by Roberto Balbino, Founder & CEO of Fintech SCB, exploring market indicators, hedge fund strategies, portfolio construction, liquidity, leverage and performance evaluation. Includes analytical charts, practical worksheets, a glossary and institutional references. An independent framework for understanding investment decisions and questioning performance claims.
October 2026 edition · English · PDF · Free download
इस संग्रह में 21 अगस्त से 4 नवंबर 2026 के बीच के 191 प्रकाशन हैं, जिनमें वित्त, अर्थव्यवस्था, बैंकिंग, बाज़ार, भू-राजनीति, प्रौद्योगिकी, समाज, व्यवसाय और खेल शामिल हैं।
बाज़ार, बैंकिंग, निवेश और वित्तीय रुझान।
आर्थिक नीतियों, वृद्धि, महंगाई, कर्ज़ और संरचनात्मक बदलावों का स्वतंत्र विश्लेषण।
राजनीतिक निर्णय कैसे बाज़ारों, पूंजी प्रवाह और वैश्विक अर्थव्यवस्था को बदलते हैं।
सीमा-पार वित्त, अंतरराष्ट्रीय व्यापार, उभरते बाज़ार और वैश्विक अवसर।
रॉबर्टो बाल्बिनो एक अंतरराष्ट्रीय वित्त एवं बैंकिंग कार्यकारी तथा Fintech SCB के संस्थापक और सीईओ हैं, जिनके पास वित्त, बैंकिंग, प्राइवेट बैंकिंग, वेल्थ मैनेजमेंट, कॉर्पोरेट फाइनेंस, M&A और अंतरराष्ट्रीय व्यापार में 40 वर्षों से अधिक का अनुभव है।
उनका विश्लेषण दशकों के वित्तीय अनुभव को वैश्विक बाज़ारों और अर्थव्यवस्थाओं को आकार देने वाली शक्तियों के स्वतंत्र और अक्सर अपरंपरागत नज़रिये के साथ जोड़ता है।
क्योंकि वित्तीय बाज़ार केवल आंकड़ों से नहीं बनते।
उन्हें राजनीति, सत्ता, मौद्रिक नीति, तकनीक, पूंजी प्रवाह और मानवीय निर्णय आकार देते हैं।
Insights इन शक्तियों को जोड़ता है और प्रचलित कथानकों पर सवाल उठाता है।
कोई संस्थागत निवेश एजेंडा नहीं।
राष्ट्रीय सीमाओं से परे वित्त और अर्थशास्त्र।
सर्वसम्मति को दोहराने के बजाय उस पर सवाल उठाने वाला विश्लेषण।
रॉबर्टो बाल्बिनो को Substack पर फ़ॉलो करें और नए विश्लेषण सीधे अपने इनबॉक्स में पाएं।
फ़ॉलो करना नि:शुल्क है।
इस प्रकाशन को फ़ॉलो करने के लिए कोई भुगतान आवश्यक नहीं है।
