2026.02.13#4

The Northern Sea Route and Russian LNG: How Energy Security Is Being Rewritten in the Sanctions Era

Executive Summary Since the war in Ukraine, the energy order has shifted from a question of “who sells cheaper gas” to a question of “who controls which routes, ships, insurance, and financial rails.” Europe pivoted sharply from dwindling Russian pipeline gas to LNG, and in that process global LNG volumes were reallocated from Asia and Latin America toward Europe, shaking prices, contracts, and logistics at the same time. The IEA notes that in 2022 European LNG imports increased by 64 bcm (over 60% year-on-year), effectively replacing the decline in Russian pipeline flows.

2026.02.13#3

Why Multi-Timeframe Analysis is Necessary: The Essence of 'A Structure That Reduces Judgment Errors Despite Appearing Complex'

Executive Summary Multi-timeframe (MTF) analysis is not “a technique to look at more charts,” but a methodology that accepts the fact that markets are inherently designed to move simultaneously at multiple speeds (time scales). Markets mix long-term capital with short-term capital, and the same news is interpreted by some as lasting months while others treat it as seconds-long. When stubbornly sticking to a single timeframe, optical illusions easily arise where ’noise is mistaken for signal,’ and actual losses tend to manifest as frequent stop-losses, accumulated transaction costs, and occasionally large tail losses. The core of MTF lies in ‘role separation’ where higher timeframes (HTF) handle context while lower timeframes (LTF) handle triggers (execution signals). This separation is particularly powerful in risk management (stops, targets, position sizing), but when misused, side effects like confirmation bias, over-analysis, and entry delays also emerge. The conclusion is simple: MTF is not a panacea but a structure that reduces errors when necessary conditions are met, and without those conditions, it can merely increase complexity.

2026.02.13#2

Who Best Navigated Great Power Diplomacy in Korean Peninsula History?

Executive Summary The question posed by Lee Ik-ju in one of his Jigubon Library videos can be summarized in one sentence: “How exactly did nations caught between great powers manage to survive?” To find the answer, we shouldn’t look at “nations that spoke loudly with pride” but rather at “nations that secured tangible benefits, however small, while enduring for the long haul.” This is because diplomacy is not a contest of self-respect but a practice of survival management.

2026.02.12#1

Why January's Employment Data—Despite No Unemployment Shock—Dampened Rate Cut Expectations

Why January’s Employment Data—Despite No Unemployment Shock—Dampened Rate Cut Expectations Main Article To properly understand this issue, we need to get our calendar straight. What people call “January employment” refers to January 2026 employment data, which was released on February 11, 2026 (U.S. Eastern Time). The report was originally scheduled for February 6, but due to a budget lapse, the release was delayed, creating the unusual spectacle of employment data dropping on a Wednesday morning.