Hydration break in Boston

On the morning of June 24th, 2016, before the result was official, I had to address an audience in Hong Kong about the consequences of the Brexit referendum. Rewatching it ten years on, the instant analysis holds up surprisingly well.... www.youtube.com/watch?v=PPv8...

A glimpse inside the soulless Dream Factories of the future www.reuters.com/commentary/b... by @jensaba.bsky.social

🔊New episode of The Big View🎧: Is Elon Musk a one-off or a harbinger of a new form of capitalism? I talked to @quinnslobodian.com, co-author of "Muskism: A Guide for the Perplexed" about the SpaceX boss's relentless rise. Listen here podcasts.apple.com/us/podcast/d... or watch on Spotify/YouTube.

SpaceX's business model is currently less "data centers in space" and more "space in data centers" www.cnbc.com/2026/06/22/s....

I can't recall ever seeing a business with financials like OpenAI's. Capital expenditure in the last financial year: $46 million. Future purchase commitments: $665 billion. www.theinformation.com/articles/ope...

My latest newsletter suggests some lessons from the war with Iran. Plus: Chinese investors love US stocks, Defence-as-a-Service, and other highlights from the @breakingviews.reuters.com team.

How Brexit made and unmade Starmer, the price of Trump’s Middle East surrender, Iran’s not-so-revolutionary new regime, and why the EU is right to resist a trade war with China. My latest

Football is a simple game, etc, etc.

🇳🇱 🇳🇱 🇳🇱 🇳🇱

“Pottourism is a behemoth that erodes all other fictions in its wake...I do not want to share my communion with the architecture of Oxford’s Bodleian Library with a bunch of dimwits clutching plastic snitches and wearing burgundy and yellow stripy scarves.” www.ft.com/content/8d7a...

Very timely and insightful interview here 👇

Elon Musk's personal fortune is now equivalent to more than 4% of U.S. GDP, @robcyran.bsky.social calculates. John D. Rockefeller managed less than half that figure when he died in 1937. www.breakingviews.com/columns/cons...

My $2.5 trillion valuation will help solve the problems ignored by the people who gave me my $2.5 trillion valuation. www.wsj.com/tech/ai/elon...

Not this again. If cross-border mergers were all it took to create a single market, then Germany and Italy would have been in a banking union since 2005, when UniCredit bought HVB. www.reuters.com/business/fin...

I no longer understand the rules of football

🎙️New on The Big View🎧: Demographics, debt, and the dilemma for central banks. I spoke to Charles Goodhart and Manoj Pradhan about the long-term factors pushing up prices and why central bankers face higher inflation, financial crises - or both. Full episode ➡️: podcasts.apple.com/gb/podcast/t...

Your warning that every time Spain win the World Cup they completely bugger up the first game.

The Cape Verde effect: France replace Spain as World Cup favourites on Kalshi

Tell me again that football suffers from too many 0-0 draws

Dylan, on life in your 80’s, is incredible. @nytimes.com www.nytimes.com/2026/06/14/o...

This company had more than $70 billion in cash and securities on its balance sheet at the end of April. www.bloomberg.com/news/article...

ten years of Brexit as a European immigrant in three vignettes - in print in next week's New World and online today: www.thenewworld.co.uk/marie-le-con...

Scottish man on the radio talking about the importance of “pacing yourself“ during the World Cup and it took a while to realise his advice was not for Scotland players but for the fans staying up until 2am to watch the match.

Please tell me again about how the EU stifles innovation while the US government just gets out of the way. www.reuters.com/technology/u...

"My Parents", 1977, by David Hockney. RIP.

For all Elon Musk's galactic claims, the SpaceX IPO is not that oversubscribed when compared to other much-hyped offerings, says @stephengandel.bsky.social What does that mean for first-day trading? We're about to find out. www.breakingviews.com/columns/cons...

This chart of World Cup ticket prices from UniCredit 👀

🔊New episode of THE BIG VIEW 🎧: I talked to @mazzucatom.bsky.social about the limits of economics, her suggestions for a better approach, and her new book, "The Common Good Economy". Listen here, or watch on YouTube or Spotify: podcasts.apple.com/gb/podcast/t...

Cracking paragraph. The kind that that makes you want to read all the way to the end. www.newyorker.com/magazine/202...

New: An Indian Billionaire was targeted by the Trump administration. Then he poured millions of dollars into a startup secretly backed by Donald Trump Jr. www.propublica.org/article/trum... w/ @josh-kaplan.bsky.social @amierjeski.bsky.social

Naming your new AI model after a made-up story that teaches a moral lesson is almost too perfect

This World Cup is shaping up to be a real mess www.reuters.com/sports/socce...

Ukraine can help Europe rearm, and its own economy www.reuters.com/commentary/b...

My @reuters.com colleague @tombergin.bsky.social talked to a load of people who bought into the Trump family’s crypto schemes, and the only response is: oh, man www.reuters.com/investigatio...

Now there's a name I haven't heard in a while

"The world is in turmoil, but not our passengers," Deniz Weissenborn, ⁠owner of Platoon Aviation, told Reuters, explaining that its clients are wealthy enough to absorb higher prices. "If you fly in a private jet, I ​don't think you're bothered by an increase of 1,000 or 2,000 euros."

Just when you thought Italian banking couldn't get any more nutty, Banco BPM proposes a merger with Monte dei Paschi.

Morgan Stanley analysts calculate the effects of soaring memory chip prices on the cost of smartphones and other devices and...yikes.

“Today’s world has its own infrastructure frenzy and no longer has guaranteed American leadership, while rich countries have already overdosed on stimulus. As a result, the 19th-century calamity may be the best available parallel there is.” www.ft.com/content/8272...

Okay, let's try this again: of the 7 largest US companies by stock market value, analysts expect 6 to have operating margins in 2030 that are better than or roughly the same as today. Only one is expected to become less profitable. Which company?

Deleting my previous skeet after @robcyran.bsky.social spotted a glaring error...

A reminder that space travel is difficult and dangerous. Crossing fingers for all concerned. www.reuters.com/science/inte...

The power of indexing: members of the S&P 500 Index of largest US companies have slower earnings growth than the next 500, but enjoy higher valuations. www.reuters.com/commentary/b...

The rise of AI App-slop. Or slopapps, perhaps. www.ft.com/content/8e9a...

So, in summary, this

S&P locates its spine: decides not to help SpaceX by changing the criteria for joining the S&P 500 Index. www.spglobal.com/spdji/en/doc...

After an extensive process involving most of the world's largest investment banks, the answer to what SpaceX is worth is...the precise number that Elon Musk started with. www.reuters.com/business/med...

This is the essence of Grantham's hypothesis on the Big Tech firms and AI.

🔊New episode of The Big View🎧: Jeremy Grantham made his name spotting and betting against market bubbles. So naturally we talked about AI. The legendary investor and GMO founder is bearish, but for different reasons from others. Listen here: podcasts.apple.com/gb/podcast/a...