Daire MacFadden

"Everyone’s revenue was someone else’s funding, with NVIDIA at the centre of everything. Analysts even had a euphemism for this – Balance Sheet as a Service (BSaaS or just BS for short)" hub.tslombard.com/the-perkini-...

"the IMF has become a bit-part player in world affairs" www.thetimes.com/business/eco...

“If I could have a life reading all of those books, just from left to right, that would be the best life ever.” www.economist.com/finance-and-...

You never know for sure whether something is a bubble, but there will be signs...

"If we had done this when North Sea oil was first discovered in the 1980s, we'd have a British Sovereign Wealth Fund now that would be worth probably a trillion pounds." www.bbc.co.uk/news/article...

"Alphaville doubts that any of the index providers would be willing to say anything about the current state of US financial regulation and integrity" www.ft.com/content/b354...

Book review | The Age of Confiscation — an impressive history of asset freezing and property seizing ft.trib.al/BloGDDH #FTEdit

I was pleased to contribute to this piece on the late Andrew Edmunds, Old Soho's firmest champion ocula.com/magazine/spo...

Europe’s safe asset? Irish governed bonds. 5, 10 and 30 year Irish bonds now yield LESS than their German equivalents. Now tell me that fiscal discipline doesn’t work while keeping a straight face…

Kenan Malik in the Observer on the farce of proscribing Palestine Action

2018: Inflation is a domestic demand-side variable under central bank control. 2022: There may be a global supply-side element to it. 2026: The pre-Midterm US CPI target rate of the IRGC, Houthi, and Ukrainian bombing campaigns against fossil fuel infrastructure across Eurasia is 4%.

Important point from Krugman

"returning to normal has been presented by the central bank as an 'obligation', motivated apparently more by nostalgia for the world that existed before the financial crisis than by rigorous analysis" as.ft.com/r/e26c8235-d...

“The estimate of the total amount of rubble in Gaza is 61m tonnes. It is approximately 20 times the amount of rubble generated in all wars across the world over the last 18 years" www.theguardian.com/world/2026/o...

The world has enough heavy news, here's some light stuff: Scientists have confirmed the existence of a species of wild cats previously only known to locals of Bolivia. It is *smaller* than a house cat and its closest living relative diverged 1.4 million years ago. It's called a Tilcayo.

🚨 Maybe correlation ≠ causation but we're taking the win www.ft.com/content/46e2...

I've spent too much time on the wayback machine looking at BoE webpages from before the crisis as.ft.com/r/db918d90-f...

“Maps are not innocent drawings" www.ft.com/content/8295...

"At the 20th anniversary of the independence of the Bank of England in 2017, I remember him being asked what he thought of it. 'It was a nice idea while it lasted,' Goodhart quipped." www.ft.com/content/6c0b...

"who is uniquely positioned to write a forward on a US Treasury bond? None other than the Treasury itself" www.ft.com/content/55a5...

Just pointing out to American Tradcath recent converts that we have had 8 Popes named Urban, and not one named Rural. Just saying.

🚨 Could the DMO take the BoE’s long gilts off their hands? www.ft.com/content/b086...

I love the dedication in My Life on the Road by Gloria Steinhem

🚨It looks like Bessent’s July yentervention was only a tiny $500mn www.ft.com/content/958a...

Could AI replace the market economy? Really interesting thought experiment from @martinsandbu.ft.com www.ft.com/content/cd3f...

😑 www.ft.com/content/7783...

What's up with the economics profession? Recently I've been hearing a lot about senior profs dusting off their CVs and trying to get gigs with the AI labs, as well as more arms-length collaborations. Working with an AI lab is seen as very cool. 🧵 www.ft.com/content/8471...

The Bond Market Chaos Is Coming for Us All www.nytimes.com/2026/08/28/o...

randomly giving out genuine compliments is such an easy way to make the world a little nicer, i'm always surprised more people haven't figured that out and have a ton of respect for those who have

The guy in this video is a master class in creeping out the creepers for the public good. study it.

[Exit Queen.]

"The UK really does have less state than it did [before austerity]" as.ft.com/r/9b5a1d08-e...

"There’s not really great economic arguments for reducing the size of the balance sheet" www.ft.com/content/17a2...

👀 www.ft.com/content/777c...

I've had my heart broken before but I'll read any story about new euro tunnel rail companies and destinations www.theguardian.com/business/202...

Hedge funds now own 8.5% of the entire Treasury market — more than China, Japan and Saudi Arabia combined. This is dangerous, given how systemically important the US government bond market is. www.ft.com/content/e3cd...

currency intervention in a nutshell

Turned out, I had a lot to say

It is very important that the Fed react to a world with significantly higher economic and geopolitical uncertainty by meeting less frequently so that it can respond either belatedly or with seemingly panic-stricken intermeeting responses.

No professional accomplishment has ever made me happier than this. theonion.com/translator-o...

The great Asli Bâli and I this morning on the sentimental glazing of US global supremacy - and the need to coax opportunity from its aftermath. www.theguardian.com/commentisfre...

Having spent a very happy 18 months sinking into its 3,000 pages, I have written about why reading Proust is essential in the 21st century as.ft.com/r/32995bbf-8...

"Monetarism enjoys the questionable honour of being both a rigorous framework with a long history and the way your least favourite uncle probably thinks about money" as.ft.com/r/9cee6e88-0...

It's driving me insane. The govt spends £1.4 trillion a year. Borrowing estimates are often by tens of billions over a year. But we're supposed to imagine money is budgeted to the last penny.