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.
Meet the First New Cat Species Discovered in 100 Years
A small, spotted tiger cat from Bolivia may just be the beginning of a wave of new small cat species.
nationalgeographic.com
🚨 Maybe correlation ≠ causation but we're taking the win www.ft.com/content/46e2...
Bank of England follows FTAV advice
Although maybe correlation ≠ causation
ft.com
I've spent too much time on the wayback machine looking at BoE webpages from before the crisis as.ft.com/r/db918d90-f...
The BoE’s three balance sheet problem
Issues with the Issue Department
as.ft.com
"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...
Lessons drawn from Charles Goodhart
What we can learn from the influential economist who turns 90 next month
ft.com
"who is uniquely positioned to write a forward on a US Treasury bond? None other than the Treasury itself" www.ft.com/content/55a5...
How to fix the brittleness caused by Treasury basis trades
The trade fills a void the US government has the authority, the incentive and the ability to close
ft.com
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...
Could the DMO take the BoE’s long gilts off their hands?
And should they?
ft.com
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...
So how big *was* Bessent’s yentervention?
Smaller than we had possibly imagined
ft.com
Could AI replace the market economy? Really interesting thought experiment from @martinsandbu.ft.com www.ft.com/content/cd3f...
Could AI revive the socialist dream?
Artificial intelligence has the potential to both reignite and overturn the century-old debate over central economic planning
ft.com
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...
https://www.ft.com/content/84718e2b-13c9-4469-a1d6-52556c7f637f?syn-25a6b1a6=1
ft.com
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.
TW@twesq.bsky.social · last mo.some heroes wear plaid, this man is a hell of an ally, turned the perv’s approach of bothering people in public right back on him while allowing the girl to get a clean exit
"The UK really does have less state than it did [before austerity]" as.ft.com/r/9b5a1d08-e...
Austerity denial and the mystery of Britain’s shrunken state
There is a ready supply of explanations on offer at Westminster
as.ft.com
"There’s not really great economic arguments for reducing the size of the balance sheet" www.ft.com/content/17a2...
FTAV Q&A: Darrell Duffie
The money market savant on what the Fed should do about its balance sheet
ft.com
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...
Virgin Trains gets go ahead to run services to Europe in new blow to Eurostar monopoly
Operator wins track access approval for up to 20 daily return trains through tunnel to Paris, Brussels and Amsterdam in 2030
theguardian.com
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...
The Treasury market’s toxic codependency
The US government bond market has become a hedge fund playground
ft.com
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.
Financial Times@financialtimes.com · 2mo agoWarsh is being misread ft.trib.al/MNUpWr3 | opinion
No professional accomplishment has ever made me happier than this. theonion.com/translator-o...
Translator Of Original ‘Minions’ Epic Poem Slams ‘Sexless, Bloodless’ Film Adaptation
PHILADELPHIA—In a 4,500-word essay published in Harper’s Magazine, Emily Wilson, known for her popular translation of the Minions epic poem, blasted the latest film Thursday as a “sexless, bloodless” ...
theonion.com
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...
What should replace the American-led world order? | Aslı Bâli and Samuel Moyn
The task now is to stop mourning the old order and build the foundations of the new multipolar world
theguardian.com
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...
Proust in the age of TikTok
The French writer’s seven-volume magnum opus was a challenging choice for a book club — but its evocation of the human psyche makes essential reading for our times
as.ft.com
"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...
The return of monetarism
Former Fed governor Stephen Miran is trying to bring the money supply back to central banking
as.ft.com
