Please prepare yourself for months of shameless self-promotion, mute me on socials, feel free to avoid me in public etc, because my next book — A Fabulous Debt: The Epic Story of How Bonds Built the Modern World — is now officially available for pre-orders.
Forget the renminbi; the biggest increase in central bank reserves have been in the IMF's mysterious "other currencies" category.
This has grown by $550bn since 2020, and commands a greater share than even the Japanese yen. But what lurks underneath? https://t.co/M5Nrl7ZwMa
The Nixon Shock of 1971 — which finally shattered the famous "cross of gold" that the global economy had been nailed to for centuries — is the subject of a two-part Story of Money episode, the first of which dropped today. 🥳 https://t.co/av2wcuqOWM
Gosh it seems like someone should send him a book about the bond market, one that hopefully uses zero math and tons of narrative flair and compelling stories to explain why the bond market was born, how it grew, and why it’s so important today?
For a while now, I’ve been thinking about what really cuts through the barrage of noise about AI in the public domain. Because we’re human, it isn’t dire warnings about jobs or existential doom, but a hopeful, optimistic question - what do we really want from AI?
What would Alphaville do if we ran the UK's Debt Management Office? Obviously no one should put us in charge of anything more demanding than a pub quiz, but here are some ideas.
(Come for the switch auctions, stay for a 5k word history of the gilt market) https://t.co/2DG7u7SoF4