Robert Armstrong
@robarmstrong.bsky.social
US Financial Commentator, Financial Times. Opinions mine, unfortunately. The pursuit of pleasure is hard work.
giftarticle.ft.com/giftarticle/... "The Fed chair likes to praise financial markets, regardless of what they say; does not offer substantive economic explanations; is not overly concerned about logic and consistency" @chrisgiles.ft.com does to Warsh what Emily Wilson did to The Odessey
The Federal Reserve goes Wacko
Warsh’s Awful Communications: Knowingly Opaque. Also in this newsletter, the BoE shows how it’s done
giftarticle.ft.com
What Warsh might be up to - he wants volatility: really interesting note from @robarmstrong.bsky.social this morning as.ft.com/r/62202ff0-d...
POD O CLOCK me + @robarmstrong.bsky.social on the Fed. What's it up to? Featuring: - over-wrought football analogies - raki - bitcoin vs gold revisited www.ft.com/content/89eb...
Is the Fed the referee or the best player?
Kevin Warsh wants the US central bank to take a step back from its effect on the markets. Can it?
ft.com
The Odyssey wins the casting debate - my oped here on why lessons from the visionary British director Peter Brook remain relevant for today’s cinema. as.ft.com/r/b87781b1-b...
The Odyssey wins the casting debate
Lessons from the visionary British director Peter Brook remain relevant for today’s cinema
as.ft.com
Warsh's ban on forward guidance is a legitimate policy choice. The problem is that his chosen justification for it is absolute nonsense.
Some notable misses in the past week, either on EPS or revenue: Altria P&G Vertiv Yum! Brands Adidas SK Hynix Verizon AmEx T-Mobile @cnbc.com
"Warsh’s metaphor, in other words, is utterly wrong-headed. The Fed is not a referee; it’s a player, and a very important one" www.ft.com/content/fe3f... Bang on by @robarmstrong.bsky.social
Kevin Warsh is confusing markets
The Fed is a player, not a referee
ft.com
this just a tremendous podcast - @robinwigglesworth.ft.com and @robarmstrong.bsky.social tell the story of Jesse Livermorem the legendary trader who made and lost several fortunes in the early 20th century. One of the great stories in finance told with vim and enthusiasm. www.ft.com/content/45b6...
The trader who made $100mn from the 1929 crash — only to lose it all
Jesse Livermore turned speculation into legend. But his life ended in tragedy.
ft.com
25 July 1908 | Bronisław Czech was born. An eminent Polish skier, 24-time Polish champion, Olympian, mountain-climber, rescuer, glider pilot. In Auschwitz from 14 June 1940 (no. 349). He died of exhaustion in the camp hospital on 5 June 1944. https://en.wikipedia.org/wiki/Bronis%C5%82aw_Czech
Such a great episode. Top work @robinwigglesworth.ft.com and @robarmstrong.bsky.social
Robin Wigglesworth@robinwigglesworth.ft.com · 2w agoIt’s TSOM day! Gillian’s away this week, so to help me pick through the extraordinary life of Jesse “The Boy Plunger” Livermore, I’m joined by the big man himself, @robarmstrong.bsky.social m.youtube.com/watch?v=vsZI...
Who are the biggest US equity bulls on the buy & sell side right now?
Morgan Stanley estimates that capital investment at the five big AI “hyperscalers” (Google, Microsoft, Amazon, Meta and SpaceX) will average $1.1tn a year from 2026 to 2028. The US Department of Defense’s budget request for fiscal 2026 is $961bn. That is all.
Me & @robarmstrong.bsky.social here with - Saaspocalypse - sassy AI - Eggs - a bit of football trolling open.spotify.com/episode/0ya9...
Software stocks got crushed. Did they have it coming?
Unhedged · Episode
open.spotify.com
POD TIME Me and @robarmstrong.bsky.social 2026 half-time markets report, featuring: - velociraptors - fun-sized stocks - sad trombones - anchovies - lovely doggos www.ft.com/content/84c6...
Halftime for the markets
What have we learned in the first six months of 2026?
ft.com
Kevin Warsh is right to believe the Fed balance sheet should be smaller. But he believes it for the wrong reasons. This could be a problem. as.ft.com/r/92f344c7-b...
Can Kevin Warsh tame the Fed’s $7tn balance sheet?
Pragmatism, not ideology, should be the guide
as.ft.com
“Kevin Warsh is the dog who caught the car.” 🏆 lede from @robarmstrong.bsky.social www.ft.com/content/86f9...
Can Kevin Warsh tame the Fed’s $7tn balance sheet?
Pragmatism, not ideology, should be the guide
ft.com
I stole @katie0martin.ft.com's chair and discussed the very uncontroversial and unifying subject of gilts and politics with @robarmstrong.bsky.social on Unhedged today www.ft.com/content/b669...
New UK prime minister, same bond market
Leadership changes but the debt market remains in charge
ft.com
Accessing it *for your kids* to watch a program is really obnoxious. You inevitably have to scroll through what feels like every single program ever put into the Disney (or XYZ media platform) library to get that one episode. They see five other things they want to watch before you get there.
Robert Armstrong@robarmstrong.bsky.social · last mo.I wrote about how much choice streaming TV has given us, and how accessing it is more confuising and annoying all the time. Commentors reply: pirate everything, it's way easier! Does the industry worry that platform fragmentation is an incentive to theft? as.ft.com/r/32856af3-1...
POD TIME me and @robarmstrong.bsky.social on big tech's little (?) wobble, featuring: -pops -dad jokes -Rob is a bitcoin bro now open.spotify.com/episode/65GZ...
Tech shares zigzag
Unhedged · Episode
open.spotify.com
I wrote about how much choice streaming TV has given us, and how accessing it is more confuising and annoying all the time. Commentors reply: pirate everything, it's way easier! Does the industry worry that platform fragmentation is an incentive to theft? as.ft.com/r/32856af3-1...
The future of TV: lots of choice, lots of hassle
The fracturing of platforms has created both delight and frustration for viewers
as.ft.com
Tired: Narco-states. Wired: Necro-states.
Mark Chadbourn@chadbourn.bsky.social · last mo.A fifth of Leave voters have died.
I guess they took it way too literally
Mark Chadbourn@chadbourn.bsky.social · last mo.A fifth of Leave voters have died.
‘Our picture of leverage in the financial system is incomplete. But we know it is high, and in most cases still rising very briskly.’ www.ft.com/content/8c8c... by @robarmstrong.bsky.social
