Warsh now has the opportunity to do the funniest thing…

Opinion for Alphaville: Whatever the reason, given the accelerating pace of technological change, CEOs will probably keep getting older in the coming years. ft.trib.al/2JmaZKn

It took enormous restraint to launch a podcast called “The Story of Money” and not *immediately* do an episode on the remarkable Rai stones of Yap. But here it is, featuring both the wonderful Felix Martin and Burt Lancaster. www.ft.com/content/d9fc...

Me waiting for Keir Starmer's ousting after being told it was inevitable/imminent since 2025.

Wow I wonder how a weird tradable pseudo war tax first accidentally invented in Venice a thousand years ago (and the inventor was afterwards murdered by his own citizens) came to grow, evolve and enjoy such immense power in the modern world? Someone should write a book about it!

In my lifetime the only U.K. prime ministers to leave after losing an election are Rishi Sunak, Gordon Brown and John Major.

Fail to see the problem tbqh. The U.K. has tons of prime ministers and nothing much changes, but Eurovision is a life-affirming annual spectacle.

Economists: Why don't people care more about our research, even when it is timely, policy-relevant and interesting? Also economists:

“More frequent pricing is not more accurate pricing.”

Omg I can’t believe Lego made *that* Denethor scene into their biggest ever set. www.lego.com/en-ee/produc...

Genuine lol moment. www.ft.com/content/554f...

Meanwhile at Alphaville, a curiosity for the regulation trainspotters (it is very spotterish, but turns on a quite important and neuralgic point about the Banking Union) www.ft.com/content/8753...

Today’s Further Reading is dedicated to @katie0martin.ft.com www.ft.com/content/c491...

Some rival trading firms and bank trading heads argue it’s unfair to compare Jane Street’s results to theirs, given Jane's willingness and ability to make a lot of prop bets bets. They’re not wrong. But how does it stack up against the hedge fund elite? Pretty well... www.ft.com/content/4ff0...

People in the FT comparing bond yields in different currencies again? I hoped @tobyn.bsky.social had knocked this nonsense on the head once and for all giftarticle.ft.com/giftarticle/...

Wow this “bond market” sounds both powerful and fascinating and mysterious, someone should really write a book about it!

In case it went into spam, here's a direct link to this week's FTAV newsletter. ftav.substack.com/p/claude-mak...

Get all three, win in a T. as.ft.com/r/4be7838b-a...

Coincidence? I think not. www.ft.com/content/fe48...

Me when a BBG once again wins our U.K. pub quiz.

This is really great from @rajakorman.bsky.social. Smart, interesting and of course at least one exceptional Dad Joke >> American healthcare costs drive global imbalances www.ft.com/content/631a...

I'm hardly objective, because I already think that @bhgreeley.bsky.social is one of the best writers I've ever had the pleasure of editing. He's also a lovely person. But I can objectively and wholeheartedly recommend his new book The Almighty Dollar. www.penguinrandomhouse.com/books/634502...

JPMorgan: "The risk of $5 gasoline can no longer be dismissed"

Selfless service journalism by @nikasgari.bsky.social www.ft.com/content/6cda...

I can't quite decide if this is demented or brilliant by BAML.

Stuff happens

Seating ✅ Bar ✅ Toilet ✅ FT Alphaville London Pub Quiz ✅

The mysterious $53bn ‘other income’ boost to AI hyperscaler earnings www.ft.com/content/be97...

"If persistent surplus countries are under-consuming, persistent deficit countries are likely to be over-consuming. And what the biggest deficit country in the world is consuming at a massive scale is healthcare." as.ft.com/r/a307296b-3...

POD @robarmstrong.bsky.social and I roped in @robinwigglesworth.ft.com for his favourite hobbies: shameless self-promotion and being a Finance History Dad. The essay question: Are AI the new US railroads? www.ft.com/content/f9ca...

A fun history of chart formats named after people from @alexselbyb.bsky.social, such as Sankey, Voronei, and — naturally — Venn. Can’t decide whether this pun is painful or a banger though. open.substack.com/pub/theecono...

Betteridge's law of headlines (nuts variation) as.ft.com/r/74201498-8...

I love a lovable rogue, and the infamous 19th century counterfeiter James Brown was more lovable and roguish than most. But what jumped out from the latest TSOM pod was how people kinda knew a lot of antebellum money was fake, but still found the convenience useful. www.ft.com/content/364d...

🚨 Maybe the best Venn diagram of BDC holdings you'll ever see. www.ft.com/content/c60b...

The Strait of Hormuz remains closed, with the flimsiest of ceasefires looking flimsier by the hour, and oil prices have jumped back above $100 a barrel. At times like these, it’s important to remember that things can still get much, much, much worse. www.ft.com/content/8ebe...

I think we may have broken @tobyn.bsky.social www.ft.com/content/c60b...

My guide to Norwegian neighbourly etiquette.

Related: It took time to get used to Americans you have only just met inviting you over for dinner, rather than assuming they were serial killers stalking their next victim. Because obviously only barely-concealed psychopaths invite strangers over for dinner.

Good stack. open.substack.com/pub/ftav/p/p...

A look at the (poor) informational value of 13Fs as.ft.com/r/51ac7ab5-4...

Extra day to try your luck this week.

🚨What happens when a western firm is bought by a Chinese firm? The Chinese firm’s patent filings triple. www.ft.com/content/2b2f...

Slightly diminish a book Non-hereditary Lord of the Rings.

Really cool to see professor X’s personal airplane in real life.

And it’s available for pre-order! www.penguinrandomhouse.com/books/634502...