Indeed: AAAAAAAAAAAAAAAHHHHHHHHH

Yours truly as I read some stuff on stablecoins

“Defeats the public policy case for prediction markets” I just… I can’t even…

Right there in the first paragraph everything is properly set up to say plainly what most people understand to be the case, namely that he is bailing out a structurally mismanaged loss-making machine us g a cash cow heavily reliant on government contracts, to then cash out.

AAAAAAAAAAAAAAAAAAAHHHHHH

We just posted a large update to our paper on stablecoins’ impact on Treasury bill yields www.bis.org/publ/work127...

From cash flows to debt: www.bis.org/publ/bisbull...

I don’t want to hear anything about the super bowl unless it is a halftime commercial with Matt Damon

Opening lines “Bitcoin is the standout victim of a neck-snapping reordering of the hierarchy in risky assets. Let it burn.” One can sense the joy

MOAR CAPEX

Market be like

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...

There is no one like Matt Levine

Line go up www.bis.org/publ/bisbull...

Alphabet guiding to $175bn-$185bn of capex in 2026. Meta $115bn-$135bn. Microsoft $72bn in 1H 26. Oracle $50bn. Almost half a trillion before we even include Amazon.

Filming: doxxing Filming with pervert glasses: not doxxing Cc @katie0martin.ft.com

The yearly cycle is upon us

“furthering the billionaire's ambition to develop powerful tools powered by data centres in space” is the new “using a cash cow of government contracts to paper over 1 billion daily cash burn”

Anyway, bit of a broken record on this topic but if Governments want to restore trust in society then finding a way to stop every online and mobile interaction from being beset with fraud would be a good place to start

Praise be

The world where AI is cheap and useful and the techbros and VCs get cleaned out

@ivanthek.bsky.social got here first bsky.app/profile/ivan...

As ICE terrorizes communities, crypto executives who spent years posting about freedom have gone conspicuously silent. But behind the scenes, they’ve contributed at least $315 million — more than double their record 2024 spending — to elect more lawmakers to enable this administration.

Whoa this is like two metaverses

New gold* is the new gold** *not gold **old gold

LIQUIDITYYY

Y’all look like you need more distraction from the news cycle. Check out our new paper! Using unique data for 12k EU firms and 800 US firms we look at the impact of AI adoption on productivity and employment in European firms. www.bis.org/publ/work132...

Inspiring

So, Mankiw, who famously got the Icelandic (or was it Greenland?) crisis right (there’s even a film about it) tells me this is correct. Mind. Blown.

Gonna check some books on monetary economics and report back

Whoa banks are lending their deposits; huge if true.

Alternative take is undefeated

AAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHH

Evergreen

Mainstream media is catching up www.ft.com/content/ab27... The trouble with maps: Greenland’s allure for Trump is based on an illusion

So long ONRRP, we hardly knew ye

“Then they came for sell-side research”

Psst. A blockchain isn't needed to have 24 -hour trading.

I blame Mercator

"There is a saying in America’s military that every boring, senseless rule was written in blood once. The same is true for the institutions of America’s money." @bhgreeley.bsky.social with the unfortunate long history www.ft.com/content/ace5...

We lost 😞

Th kids are taking the memes too far

I blame Mercator