🎇 Happy US publication day to A FABULOUS DEBT! 🎇
The working title of the book was The Greatest Show on Earth: An Affectionate Biography of the Bond Market, which probably sums up my feelings about the subject.
Went on @Channel4's The Breakdown to talk bubbles, booms, busts and AI — and why 2026 is arguably the year when the AI industry started hitting the heavy liquor. https://t.co/ILXpQGJtFA
I think some of the negativity is justified, but it's definitely overdone, and I think it is probably mostly down to investor appetite for tech IPOs vs nontech IPOs — which transcends the Atlantic divide.
Yes, Europe isn't nearly as inhospitable as many people say, it just looks that way relative to the US, and it is arguably better positioned today than a decade ago.
But it seems even in the US it is becoming much harder to IPO a nontech company. You just get far less investor interest, analyst coverage, press attention, sparser liquidity etc. And Europe simply has fewer promising tech companies than the US. I'd love to see an IPO comparison that neutralises for sector skews.
.@RobinWigg and his team of editors and writers at @FTAlphaville are nearly peerless when it comes to the Breaking the 4th Wall wall st coverage they commission...
The Story of Money this week tackles the birth of the credit card. Please check out our channel, feel free to comment on my rumpled shirt, and mebbe subscribe if you're into financial history. https://t.co/sP23SvB9bp
It's also on Apple Podcasts https://t.co/mdQOrDej9N and Spotify https://t.co/MaYJFNo7hh if you'd prefer your financial history without having to look at me.
Loved going on @Atrioc’s stream to talk about A Fabulous Debt (aka my love letter to the bond market). Disappointed he didn’t ask me about gaming ofc, but the questions were great and the comments were 👌. https://t.co/vTlw11BudH
FWIW here’s an old Alphaville post that flagged how Singapore (ie Megaspeed) had surged up Nvidia’s billing locations — to the point that it stopped breaking it out last autumn… https://t.co/wvWVINUlip