We love financial plumbing, debt crises, balance sheets, margin calls, economic puns and snark.
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He who understands it, earns it. He who doesn’t, pays it
RIP George Wend; Bluesky; safe assets; LinkedIn magic
Ipsos facto
Someone alert WallStreetBets
How then shall we live?
It’s not just a lifer issue
Struggling club risks ending up nearly a yard offside
‘We are pulling apart our own regulatory foundation — block by block, case by case, and rule by rule’
It’s just, like, their opinion man
T+1 delivery
Woke Marxist Moody’s
How to move funds and influence people
Demonology; Cruise & McQuarrie; US trade deficit; AI slop snafu; oncology 101
Food criticism; deal criticism, photography criticism; Alexander the Great criticism; and mirror image criticism
Napoleon’s sabre; onlineness; papal taxes; GENIUS; mainstream macro
What a one-notch cut means for the market, the banks, and the White House
Ex-trividend
Helena Bonham Charter
Ireland; fiscal deficits; creative destruction; border control; mobility; blood testing; AI; and tipping
Ugly QT needs a rethink — fast
Dodgy lawyer; dodgy Davos man; AI in education; student loans; pedicabs; pop culture; multi-level marketing; and Slam
RDARR is no laughing matter
Goldman grasps the long, spiky tail of the gilts crisis
Quite the predicament
What’s the value of a crypto wrapper on a narrow bank?
Dollar; financial sector lending; Japan; reverse repo; buffered ETFs; Venezuela; Gen-X; ships; and an odd bird
And other reflections on a proposed US capital control
Weird AI ’Bankovic
European optimism; credit trading; DOGE; FDI; Ricardo; tariffs; bad science; old CGI; and The Barbican
Farage & Co could make a big splash at the pool party
Unpicking the first lady’s memecoin launch
Big Tech put a gloss on earnings season, but things don’t look great below the surface
Teed off
Tariffs and trade deals; eggs; private credit; macro history; Ozempic; Bell Labs; and carbonated lo-fi beats
All Drizzle, no sizzle
Sex! Boardroom drama! Retail!
Why April 2025 was no March 2020