We love financial plumbing, debt crises, balance sheets, margin calls, economic puns and snark.
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In a very, very narrow sense
Would a state pool of money by any other name smell as sweet?
‘If you have sh*t sticking to your foot, you have sh*t sticking to your foot’
CD players
Skating on thin ice
A GDP recovery 15 years in the making
Caroline Ellison; MPs’ interests; Borg; AI Brian Sewell; industrial policy
Tee time
No trading suspensions, no drama
Good gRIEF
The impact of leveraged payouts examined
And what it all means for Arsenal
Skyrim grandma; private credit; margin loans; Whimsigoth
Cards against Humanity; stagnant Britain; self-worth; Internet Archive
Bachartlorette
Networks; the IMF; AI x conspiracy theorists; Elon Musk x X; economics; more MrBeast; and anchovies
Primary dealership headaches
Solution (M, 16) seeks problem
Gary Stevenson; more founder mode; WW3; blacklists; The Atlantic; deficits x inflation; Flappy Bird; Bitcoin reserves; and Lego
The unseen axis is the deadliest
Culture; Y2K; fashion Substacks; Winston Churchill; rains down in Africa; spreadsheets; high-end cameras; and founder mode
Everyone wants to use AI, but no one trusts it
Ingenuity is an attitude, not just a brand name
Timing the market versus time in the market
Cats; MrBeast; Fry on AI; Evernote; cyberspace governance; Intel x PlayStation; the EU; and nothing
‘NOTHING in this steroidal, Frankenstein — cycle has been normal’
Hedge fund replication ahoy
And investors don’t care
T+1 settlement
Bank M&A; BoE; philosophy; anatomy; Freakonomics; Nintendo; shakes; and Jewish Currents
Charti XCX
(No)
Hot new macro research just dropped
Online dating; nuclear power; OnlyFans; China; central bank independence; Celeb #6; xAI; and tacos
Bespoke banking can never be nine-to-five
Chasing the ‘pot of gold’ at the end of the passive investing rainbow
Cooperation offers Venezuela a way back