Robin Wigglesworth
@robinwigglesworth.ft.com
Editor of FT Alphaville. Norwegian, despite the Harry Potteresque name.
Terrific post from @ryanavent.bsky.social dissecting recent data weakness, and why they shouldn't lead the Fed to cut. www.ft.com/content/0632...
The US economy is running hot
Why a few cool data points probably aren’t a sign of weakening demand
ft.com
🎶 my copies have arrived 🎶 Ada v happy about “her” book.
My first job in journalism was actually covering Islamic finance, and it triggered an abiding fascination with its concepts. This is why I was so interested in the history of Mohammed the Merchant and explore how this shaped Mohammed the Prophet. www.youtube.com/watch?v=NkRH...
The Prophet Mohammed’s surprising life as a businessman | The Story of Money
YouTube video by The Story of Money Podcast | Financial Times
youtube.com
The Met Office should instead name them after football players that have scored goals that knocked England out of major tournaments. Eg Storm Mandzukic, Hurricane Sigthorsson or a rare typhoon called Zidane.
Tuffy@smtuffy.bsky.social · 13h agoNaming a potentially devastating storm after a beloved children’s character is an odd choice
This was to plug my upcoming book A Fabulous Debt, but ended up mostly being a really interesting discussion with about hidden AI-related debt, capex bubbles and why credit rating agencies will survive the AI age. www.youtube.com/watch?v=kZXj...
The $1.5 Trillion of Hidden Debt Fueling the AI Boom | Robin Wigglesworth of FT Alphaville
YouTube video by The Monetary Matters Network
youtube.com
Ain’t no party like a capex party, because apparently a capex party don’t stop www.ft.com/content/e57f...
Forget the bond rout, fund managers are in party mode
Ain’t no party like a capex party, because apparently a capex party don’t stop
ft.com
You have ONE more chance to win our charts quiz champion T-shirt because the prize will soon be this hat www.ft.com/content/4cfc...
You have ONE more chance to win our charts quiz champion T-shirt because the prize will soon be this hat
Geeky Friday
ft.com
This is depressing. Apparently, suicide hotlines don't actually meaningfully reduce suicide rates. www.nber.org/papers/w3560...
The Impact of Suicide Hotlines on Health: Evidence from 988 Implementation
Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...
nber.org
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
“The reason journalists talk about ourselves so much is that, if we didn’t, who would?” open.substack.com/pub/ftav/p/b...
Big deal? Big deal
Also: AI hyperscalers, auditors, Jane Street, Anthropic, SpaceX, Situational Awareness, and out-of-office messages
open.substack.com
🚨Jane Street paid up (large) to replace its existing (cheap) debt with new (expensive) debt. Alphaville runs the numbers. www.ft.com/content/28a5...
New FT Alphaville HQ.
Jim Waterson@jim.londoncentric.media · 5d agosometimes you've got to live your dream.... especially if that is buying a 1990s replica of James Cook's Endeavour for just £100,000... don't doubts about its floating restaurant format with a one star hygiene rating and lack of permanent mooring get you down... www.rightmove.co.uk/properties/7...
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
Warning for PRs: if you stick me onto a completely irrelevant distribution list with no unsubscribe option, I will filter every subsequent email from your entire organisation into my junk folder forever more. Yes it’s draconian but there is one of me and a million of you. Be sensible.
The “purchase commitments” of the AI hyperscalers — typically promises to buy chips and power for the data centres they’re building, have more than doubled this year to nearly $1.5 trillion. This is another form of de facto debt that doesnt appear on their balance sheet. www.ft.com/content/1fbe...
The hyperscalers’ exploding purchase commitments
Spend now, spend more later
ft.com
The "Gründerkrach" was a spectacular stock market crash in 1873, which led to what was at the time dubbed the Long Depression. But its most enduring legacy was arguably stirring a new virulent form of antisemitism, as Liaquat Ahamed argues. www.youtube.com/watch?v=Zl-_...
How financial ruin gave rise to a dangerous new politics | The Story of Money
YouTube video by The Story of Money Podcast | Financial Times
youtube.com
