ESSAY · 2026-03-22 · 11 min read

〈用武俠視覺看全球經濟〉

Casting the year's macro news with wuxia archetypes. Who is the sect leader? Who is the wandering swordsman? Who still owes a debt?

A note before beginning: this is a game, not an analysis. The wuxia frame is useful precisely because it strips away the pretense of rigor that macro commentary usually wears like borrowed robes.

The sects

The Fed — an old northern sect. The techniques are dated. The reputation is immense. Junior disciples still flinch at the name. The elder himself is tired and mostly reads market reports in the tea house after dark.

The ECB — the southern sect that has long been quietly more capable than the northerners will admit, but whose internal politics prevent any single style from fully cohering.

The PBOC — a sect that insists it does not participate in the martial world while demonstrably participating in every duel.

The wandering swordsmen

Stablecoin issuers. The best of them fight for whoever pays. The worst of them are bandits pretending to be swordsmen. The readers can usually tell the difference — the bandits are the ones who keep talking about their sword.

Tagged: Macro, Wuxia, Crypto

By Shiva Dragon · https://amshiva.com/writing/wuxia-global-economy