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Fintech SCB — 에디토리얼
금융, 경제, 지정학 그리고 세계를 움직이는 힘에 대한 독립적 분석.
글로벌 금융, 시장, 경제, 지정학, 국제 비즈니스에 대한 독립적 시각 — Fintech SCB 창업자 겸 CEO 로베르토 발비노 집필.
Who captures the value? A Fintech SCB Sunday Read
How the decisions of one presidency changed the price of goods, energy, money and risk, and why Tuesday’s vote matters far beyond America
Follow the credit.
Cheaper oil\. Costlier living\.
A data centre can contribute to economic growth years before its investors receive an adequate return. A household’s bills fall due every month.
Deloitte’s 45% pay rise, the incentives inside Salesforce’s margin targets, and the question boards should answer before rewarding a transformation.
The bill comes in stages
Kim Jong Un’s new bridges to China and Russia reveal an economy less isolated than it looks, and a state increasingly able to secure resources without giving its citizens greater economic freedom
Cheap rails. Costly exits.
Factories surge. Investment retreats.
The financial machinery of desire, the unequal cost of sexually transmitted infections, and the uncomfortable evidence that should change how we invest in prevention
Regulation moved the lender
Prices arrive first
We have an oddly sentimental way of discussing entrepreneurship. We celebrate founders for creating something valuable, then sometimes treat their decision to sell it as a failure of character.
Why a $3.535 billion acquisition challenges the idea that cheaper artificial intelligence will automatically make financial intelligence cheaper.
From laundromats and self-service dog washes to rental properties, vending machines, digital products and investment portfolios: what the evidence actually says about buying financial freedom.
The AI boom is reaching a more demanding phase. Capability still matters, but the financial question is becoming unavoidable: how much economic value survives after the technology has been purchased, integrated, supervised and used?
From Yesteryear to the economics of unpaid work, household power and national prosperity.
Brazil, Mexico and Argentina face different problems. Latin America’s common challenge is turning economic advantages into prosperity that lasts.
Why growth is not reaching households—and what Europe could offer.
Financing the future requires a different financial system.
Who held power, who delivered growth, and what the numbers actually reveal.
How late payments can make a strong buyer look healthier while making its supply chain more expensive to finance
Mbappé leaves Nike for On. But the real story is bigger: elite athletes are evolving from sponsored celebrities into distribution networks, intellectual property and, increasingly, shareholders.
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
이 아카이브에는 2026년 8월 21일부터 10월 17일까지 발행된 금융, 경제, 은행, 시장, 지정학, 기술, 사회, 비즈니스 및 스포츠 관련 기사 172편이 수록되어 있습니다.
시장, 은행, 투자 및 금융 트렌드.
경제 정책, 성장, 인플레이션, 부채, 구조적 변화에 대한 독립적 분석.
정치적 결정이 시장, 자본 흐름, 세계 경제를 어떻게 바꾸는가.
국경을 넘는 금융, 국제 비즈니스, 신흥시장, 글로벌 기회.
로베르토 발비노는 국제 금융·뱅킹 임원이자 Fintech SCB의 창업자 겸 CEO로, 금융, 뱅킹, 프라이빗 뱅킹, 자산관리, 기업금융, M&A, 국제 비즈니스 분야에서 40년 이상의 경험을 보유하고 있습니다.
그의 분석은 수십 년의 금융 경험과 글로벌 시장·경제를 움직이는 힘에 대한 독립적이고 종종 비관습적인 시각을 결합합니다.
금융시장은 숫자만으로 움직이지 않기 때문입니다.
정치, 권력, 통화정책, 기술, 자본 흐름, 그리고 인간의 결정이 시장을 형성합니다.
Insights는 이 힘들을 연결하고 통념에 의문을 제기합니다.
기관 투자 어젠다가 없습니다.
국경을 넘어 금융과 경제를 봅니다.
합의를 반복하기보다 질문하도록 설계된 분석.
Substack에서 로베르토 발비노를 팔로우하고 새로운 분석을 메일로 받아보세요.
팔로우는 무료입니다.
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