🚨Behold, the story of the Fed balance sheet in a single chart www.ft.com/content/cbe2...

Breaker breaker one-nine, this here industry's Rubber Ducked. as.ft.com/r/38daecf4-4...

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Yuan for the money. www.ft.com/content/4b08...

Rate-setters are revolting in increasing numbers. www.ft.com/content/49bc...

😬🇳🇴 www.ft.com/content/d1da...

There's always a way around your spam filter. www.ft.com/content/2f30...

A few perspectives on what the takeover of Schroders means for active asset management, the City, and the career prospects of the Excel jockeys at 1 London Wall. as.ft.com/r/4a48497a-5...

🚨 Picking through $1tn of hedge funds with universities attached. www.ft.com/content/4287...

🚑 www.ft.com/content/e663...

Keep Alphaville free by giving us money: tin rattling edition. www.ft.com/content/07c0...

Absolute banger of a long read from @bondhack.ft.com, ostensibly about Epstein, but ends up solving the qn on who triggered the GFC. (No spoilers, but you have heard of the actual person.) Where else but @alphaville.ft.com. www.ft.com/content/6901...

Tremendous post by @tobyn.bsky.social looking at how exposed the $450bn BDC industry is to the software freakout, and diving into the particulars of the two biggest funds — managed by Blackstone and Blue Owl. www.ft.com/content/3f88...

A BDC SaaS topography. as.ft.com/r/0a915e01-9...

By @bondhack.ft.com, a journey deep into the Epstein files to figure out whether he was the CDO whale or a mark. as.ft.com/r/8eaf07ad-d...

A bet on a bet. www.ft.com/content/57a1...

In case you were feeling smug about Japan's debt to GDP, you might want to reconsider. Superb work again by @alphaville.ft.com: www.ft.com/content/f7d3...

Minegrift. as.ft.com/r/2a8b409e-b...

An Aim-quoted miner, the quote being Mark Twain's. as.ft.com/r/bfe4f37c-2...

'"cheap domestic funding to take highly-levered long positions in risky assets” has earned the Japanese government “an additional 6 percent of GDP per annum above its funding costs" over the past decade.' www.ft.com/content/f7d3...

Much to consider. www.ft.com/content/3382...

FTAV's weekly round-up should be arriving in inboxes now. Subscribe, if you haven't yet, here: ftav.substack.com/p/agentic-ai...

Try your luck, dorks. www.ft.com/content/b8b7...

IPO pricing is an art, not a science. as.ft.com/r/32b0e3f8-7...

Bigger kids dared us to write this, sorry. as.ft.com/r/2aca46bd-6...

An explainer on BNP's sanctions evasion scandal as.ft.com/r/c9a4d662-4...

in which ... I summarise me and @himself.bsky.social 's paper for the @britishacademy.bsky.social on the global dollar system, suggesting that it explains the fascination with the digital Euro (a set of EU payment rails that's independent of the US and can't be acquired). www.ft.com/content/5b9a...

Back once again with the birth-death ratio. as.ft.com/r/90270c5a-9...

There's a Cézanne in the Epstein files. @joshspero.ft.com explains why it's there. as.ft.com/r/01fe04cd-e...

Lies, DRAM lies, and statistics. as.ft.com/r/bcd3a30d-a...

Why, for the past 50 years, have US labourers been getting worse at building stuff? www.ft.com/content/2ae2...

Gradually, not suddenly. as.ft.com/r/8f9cead6-a...

ICYMI: a newsletter on orbital data centres from December. open.substack.com/pub/ftav/p/s... And, from last week, on SpaceXAIsla. open.substack.com/pub/ftav/p/w... Like and subscribe y'all.

Sometimes you eat the bear, sometimes the bear eats you. as.ft.com/r/be0954e3-f...

Take the day off, we give you permission. as.ft.com/r/d4e77ef7-4...

If you want peace, prepare for Warsh. as.ft.com/r/096e5db3-9...

From lame duck to stealth Druck www.ft.com/content/c215...

Here's everything we've been doing this week, in newsletter form. ftav.substack.com/p/what-becom...

Toby's done the chart quiz this week, so difficulty is turned up to 11. www.ft.com/content/a9b1...

Printer go brrr as.ft.com/r/bad61494-4...

What if the world's biggest tech companies made it pretty much impossible to forecast their net income? Because they do. www.ft.com/content/0dbf...

Post I wrote today for @alphaville.ft.com about Czechoslovak Group’s successful €3.8bn IPO. I remember working on EADS’s IPO 26 years ago when quite a few European investors balked at defence sector on ethical grounds. Not anymore. www.ft.com/content/a620...