We love financial plumbing, debt crises, balance sheets, margin calls, economic puns and snark.
Meet the team here and follow us on X @FTAlphaville
Sketches for My Sweet Chart the Drunk
The Numis co-founder and GOAT media analyst talks London markets, sell-side research, loyalty, local papers, and tennis
When the world’s dullest industry gets very exciting
Living in the past, it’s a new regulation
And are parallels to the era of Free Banking any good?
Ethena goes
Stablecoins; Wisselbank; class war; catastrophe bonds; AI therapy; execution; McDonald's; and Eurovision
A feature, not a bug
Is $9.3bn a lot of money?
Using cutting-edge language analysis techniques and quantitative reasoning, we prove nothing
Big Byrd FTW
Just another Swiftie?
Autocallable ETF; AK-47; antitrust; Iranian concrete; Indy astroturfing; Hims; time; Julie Burchill; and Tracy Thorn
Stagflation; Aa+; debt mutualisation; rare earths; Substack; NYC; superfans; and the making of a janky canal boat game
American tourism; generic drugs; immigrants on immigration; very hard maths; HS2; and Jeremy Clarkson
And who could have anticipated this turn of events apart from literally anyone?
Tee-hee
And he has some hot IPO takes for us
This is nuts. When’s the crash?
Tariffs; Fed reserves; tax avoidance; Faragist TikTok; racism; AI as informational radiation; talking; Jaws; and football
AvidXchange and Circle are the fintech liquidity events of the moment. One rainmaker is in the middle of both
graphing and not being normal
TS Lombard’s chief economist talks contrarianism, gold, central bankers and Covid
ChatGPT; Alaska; Cuomo; drugs; ESLR; Rationalists; and, uh, semicolons
Stop crying your chart out
Because crypto, obviously
SPY > Spoos
Wall Street’s Spac-quiescence to the new reality
Lagos; Norway; stablecoins; animals; vibecoding; corrections; and football
The Jarndyce v Jarndyce of Mozambican debt fraud
Good luck avoiding US political risk
FinReg warning; reader discretion is advised
Breathing; OpenAI x Microsoft; trains; careers; ESG; alphabets; and Star Wars
Crypto loco? Fiat punto!
Squaddities
Selected highlights from the continued Signa fire sale
Still kind of a big thing