Robin Wigglesworth

UK is being ‘left behind’ on crypto, says George Osborne Former chancellor who now advises Coinbase says Rachel Reeves should set up a framework for stablecoins

oh no www.ft.com/content/2b55...

Figma’s IPO soared 250% — cue outrage. $3bn left on the table? A rigged game? Not so fast. In @alphaville.ft.com, I argue that the “broken” IPO process may just be the least-worst option. $FIG

Free to read: www.ft.com/content/9fa9...

Four reasons why private credit isn’t actually a systemic risk [FREE TO READ] Courtesy of Goldman Sachs

on.ft.com/4fgkyzs

Ugh ok JPMorgan, an REM reference is enough for an Extel vote.

Utterly incoherent. on.ft.com/46KglSF

💯. Moreover, the reality is that we’re inevitably moving in this direction anyway, and I’d prefer it to be with a vaguely accountable government solution, rather than see the likes of WorldCoin (shudder) etc become the standard.

Sure, yes, I grew up in a high-trust society, but even the Norwegian state doesn’t exactly have an unblemished record. It just seems to me that the benefits across a swathe of thorny public policy issues would be immense, and the risks and downsides much smaller, manageable and acceptable.

This has probably been my most controversial personal opinion for over two decades (ever since the first Blair ID kerfuffle).

Day in Trump's economy: > Wake up, check the news > BLS: "10 billion new jobs created" > Check my phone to see what today's tariff rates are. > Norway up 20%, Cambodia down 5% > Go to my iphone assembly line job where I make $7.25/hour > Spend next 4 hours putting chips inside phones > Take 15 minute break > Check my shitfartpisscoin holdings > Rugged > Watch the FOMC meeting > FOMC is just Trump > Trump goes on stage and announces he's raising rates from -10% to -5% > Also announces date of Jay Powell's public execution > AI manager scolds me for taking 16 minutes on my 15 minute break > It's only been 12 minutes > Call employee help line to complain > It's also AI > Go home frustrated > Complain to my girlfriend about my job > She's also AI

The title hits me a bit differently today than it did two decades ago.

😑

Trump will need someone with a good head for numbers, a can-do attitude, spreadsheet skills and relaxed attitude to factual accuracy at the BLS.

Ffs www.bloomberg.com/news/article...

FTAV Q&A: Gregory Peters [FREE TO READ] On why bonds are boss, OG fixed-income analyst Marty Leibowitz and how memorising cocktail recipes is a waste of time

"Liquidity became like trying to eat a watermelon through a straw."

on.ft.com/4mmBIOc

The FT is hiring a credit reporter in NYC! Killer job, phenomenal time to cover the topic, great place to do it, and a fab team. As an added bonus, I’ll probably also be begging you for Alphaville posts occasionally… job-boards.eu.greenhouse.io/financialtim...

FTAV’s Friday charts quiz Chart Deco

Here’s FTAV’s Friday charts quiz, this week with a thematic twist. See if you can guess it. 📈 on.ft.com/46Eb8f6

A stale, taxing take on M&S’s viral strawberry ‘sando’ [FREE TO READ] VAT’s all, folks

2500 words on a sandwich

on.ft.com/4l4S5xM

In this week’s Q&A we talked to a bona fide bond vigilante — Greg Peters at PGIM — and talked about Salomon Brothers, why bond people are cooler than equity people, cocktails and why he’s worried about the Fed chairmanship. on.ft.com/3UGUWlQ

Will the last SEC minority commissioner please turn off the lights on the way out? The end of dissent

Will the last SEC minority commissioner please turn off the lights on the way out? on.ft.com/45eIf6L

What’ll happen if we spend nearly $3tn on data centres no one needs? [FREE TO READ] Nineties adults remember

on.ft.com/4lWqf8q

A stale, taxing take on M&S’s viral strawberry ‘sando’ VAT’s all, folks

When M&S launched a viral strawberry sandwich earlier this summer, @louisashworth.bsky.social was inundated with requests for a hot take on its VAT treatment.

He is now happily married and back at work — AND ON IT. on.ft.com/45dkhZo

Bitcoin will go up if more people buy bitcoin and won’t if they don’t: Citi [FREE TO READ] Further adventures in bulge bracket rationalisation of number-go-up economics

on.ft.com/4kVW7IM

What’ll happen if we spend nearly $3tn on data centres no one needs? Nineties adults remember

Superb and scathingly sceptic post (by ⁦‪@bryce.lol‬⁩, natch) on Morgan Stanley’s prediction of a $3tn data centre capex boom. on.ft.com/3U4pHks

The negative-haircut repo market phenomenon Reverse clickbait alert

Can’t think of more appropriate late-summer content than a dive into cross-border repo and the phenomenon of negative collateral haircuts. on.ft.com/41jhBIB

Behold the first AI-native investment bank [FREE TO READ] LLMs (large language models) for the LMM (lower middle-market)

on.ft.com/3TYbgyq

Are consultants really just a waste of human skin? Some interesting findings from Belgium (really)

Here's a post about a moderately interesting study of management consulting efficacy, with a headline optimised for LinkedIn.

on.ft.com/4mmgC2F

FT Edit is a brilliant way of getting some of the juiciest cuts of the FT at a bargain price.

Here comes the sun (power) [FREE TO READ] Goldman Sachs ❤️ ☀️

It was the sun watt won it.

on.ft.com/3H9fLmR

We’re hiring a US credit reporter in New York. Wannabe Rob Smiths @bondhack.ft.com are especially welcome job-boards.greenhouse.io/financialtim...

Here comes the sun (power) on.ft.com/4fa2t6d