Sacré bleu

Love me tendril

Or, at least, that’s what the data seems to suggest

You can probably guess this one

Cars: the new coins

Not a TACO fan

Heroic ROIC

Cap’s locked

So is it QE on the QT?

A construction shortfall so big you can’t see it from space

Also: space rockets, Chinese cars, tax avoidance, reply-all disaster strategies, and betting against the house

Starbase, we have a problem

Majeure problem?

A six-point plan for putting toothpaste back in the tube

Probably not

A six-point plan for putting toothpaste back in the tube

Probably not

Change the messenger

Predictor, predict thyself

Why bonus caps do kinda make sense (ish) though

Fewer ziggers, more zaggers

Why doesn’t the UK’s largest pension fund go all-in on stocks? Or maybe bonds?

With great power comes great implausibility

Just another few weeks . . .  okay?

Power? Low. Pay? Very high

Also: hyperscalers, circular financing, AI slop, pervert glasses and justifiable murder

🤩🤩🤩

Incoherent methods —> “coherent series”

In the loop?

Although maybe correlation ≠ causation

UK workers are better and more offline than previously thought

Some data for Warsh’s task force

Alternate virtual realities

Stacking sats 🤜 🤛 selling gold

A brief survey of sell-side scribbling at the end of the world

What to say in your S-1 when your product has a >10% possibility of causing the extinction of humankind

Issues with the Issue Department

Private marks v public markets

Casing the joint

Pricing equity punters’ collective histrionics in a credit context

Also: moonshots, Michelin stars, fly brains, fake cigarettes, and revolting Scots

‘Our name was rat poison’

[SIC]

Games without frontiers

Be careful what you wish for

Delightful dataviz and drinks in London’s oldest parish church 👇

Not such a FAB way to manage sovereign debt

FAFOing in creditland

And should they?