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Benedict Carey Lewis

@bclmacro.bsky.social
533 followers 326 following 280 posts

Purveyor of fine Interest rate derivatives to the discerning.

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Benedict Carey Lewis @bclmacro.bsky.social · 28/09/2026
We need a word or phrase for when companies use a social goal like reducing waste to do things like not put a lid on plastic pots. Would previously have been unacceptable as it flies in the face of basic common sense but justifiable to serve the goal and increases profit... "Capitalist compliance"?
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George Pearkes @peark.es · 25/09/2026
Lotta crazy bond market charts out there but this one takes the cake for me. 30y TIPS pay 3.25% above inflation for 30y. Pretty remarkable.
Chart of 30y TIPS yields since inception (2004)
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Stephen Bush @stephenkb.bsky.social · 15/09/2026
Indeed. Literally no-one is immune from road rage, it’s just that the lighter your vehicle - lorry, bus, car, bicycle, Vans - the less dangerous your inconsiderate behaviour is to others.
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Tom Roberts @tpgroberts.bsky.social · 11/09/2026
The UK economy has three major industries: Warhammer, Onlyfans and Little Alex Horne
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Dario Perkins @darioperkins.bsky.social · 10/09/2026
Remember when Warsh said he was hoping the bond market, "the smartest economist in the world", would give him a signal about what to do with interest rates....?
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Tom Wilson @feedthedrummer.bsky.social · 09/09/2026
This does suggest Britain is a) very good at integration b) actively attracts the world's smart and ambitious people who want to get on and do well for themselves Both of these are very good, competitive qualities to have and should be celebrated.
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milk bottle champion @stepheniscowboy.bsky.social · 09/09/2026
nimbys remained unmatched
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Randall Munroe @xkcd.com · 02/09/2026
Trade xkcd.com/3290/
Comic. [Person standing holding hammer above raised knee.] PERSON: Listen up, leg. I’ve been sending you rich, oxygenated blood for years, while you send me worthless used-up blood with no oxygen. Time to teach you a lesson about not ripping me off! [caption] Tariffs
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Dan Davies @dsquareddigest.bsky.social · 03/09/2026
As I have said for my whole career, if economists want to gatekeep the title, they are welcome to set up a professional body with codes of professional standards and ethics. But since they can't do that, they can't do that.
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Dan Davies @dsquareddigest.bsky.social · 30/08/2026
I really wish I was more influential
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Stuart Hoddinott @stuarthoddinott.bsky.social · 25/08/2026
This is the crucial paragraph imv It was *how* coalition implemented austerity that was so damaging i.e. cutting upstream, preventative services that would deal with demand earlier and more cheaply Now we have a fire-fighting state, forced to spend more to deal with very acute demand
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Benedict Carey Lewis @bclmacro.bsky.social · 03/08/2026
Renting a campervan for the first time and truly, cannot understand why anyone ever does this. It's not even that it's worse than being in a tent, I love being in a tent and being outside, it's a whole new different type of bad.
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Benedict Carey Lewis @bclmacro.bsky.social · 19/07/2026
Capitalism so efficient at allocating resources wow
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Benedict Carey Lewis @bclmacro.bsky.social · 19/07/2026
The discourse on this match is extremely strong evidence for my 'being a true football fan means making it impossible to experience joy' theory...
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Tuffy @smtuffy.bsky.social · 18/07/2026
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Gingerspiced @gingerspiced.bsky.social · 18/07/2026
Pete Hegseth: "We need our warriors to embrace the Spartan mindset" U.S. Military: *suffers crushing defeat to the Persians*
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Benedict Carey Lewis @bclmacro.bsky.social · 17/07/2026
Did you know a barrister is facing prison just for reminding a jury they have the right to vote with their conscience? This historic right has existed since 1670. We can't let it be silenced in court now. Add your name to help protect Britain's juries: you.38degrees.org.uk/petitions/sa...
you.38degrees.org.uk
Save Britain's Juries
Juries have had the right to acquit based on their conscience for centuries. Now, a barrister is facing jail just for mentioning it in court. Add your name to help save Britain's juries.
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Catherine Rampell @crampell.bsky.social · 16/07/2026
A BIS analysis argues the AI buildout is outpacing prior infrastructure booms and warns, “The larger the boom, the deeper the eventual bust.” Their model suggests that investment is 50% above the efficient level. www.bis.org/publ/work136...
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Henry Mance @henrymance.ft.com · 15/07/2026
put up the licence fee QR code now, you cowards
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Taylor Lorenz @taylorlorenz.bsky.social · 09/07/2026
Teenage boys show major declines in suicide across the globe as their social media use grew 83% of countries with reliable reporting show plunging suicide rates by teenage boys as social media proliferated.
mikemales.substack.com
Teenage boys show major declines in suicide across the globe as their social media use grew
83% of countries with reliable reporting show plunging suicide rates by teenage boys as social media proliferated. Does social media actually prevent suicide?
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Benedict Carey Lewis @bclmacro.bsky.social · 07/07/2026
Nothing like football for just constantly affirming my superstitions
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Count Binface @countbinface.bsky.social · 07/07/2026
Game on, Nige.
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Benedict Carey Lewis @bclmacro.bsky.social · 04/07/2026
Worth reminding ourselves just how derangedly one sided the taxation of labour Vs capital is. Appreciate dividends/interest captured by income tax but the miniscule contribution of capital gains tax is to me the whole story of the UK's fiscal 'issues'.
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Arieh Kovler @ariehkovler.com · 25/06/2026
I wouldn't say that coprolite is my favourite fossil, but it's a solid number two
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George Eaton @georgeeaton.bsky.social · 19/06/2026
Reform have now lost six by-elections in a row in England, Scotland and Wales. Their national poll rating is 26% – below Labour in 1983 – and Farage’s approval rating is -37. They’re very far from the voice of the people and need to stop being treated as such.
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Kevin M. Kruse @kevinmkruse.bsky.social · 18/06/2026
"So ... so I said ... why not sign your treaty here, at Versailles?"
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Tobias Wilson-Bates @phdhurtbrain.bsky.social · 17/06/2026
Breaking News: the algae has agreed to accept $300 billion to consider vacating the reflecting pool
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Dan Davies @dsquareddigest.bsky.social · 14/06/2026
I think what American food posters miss is that lots of people over here in Europe drink nice wine with their dinner, so they want food which goes well with wine, rather than being overwhelmed with vinegar and peppers.
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Will Jennings📉🗳️ @drjennings.bsky.social · 10/06/2026
A reminder that Brazil banned Twitter for failing to stop the spreading of disinformation. There is nothing stopping the British government from doing the same.
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Martin Calladine @uglygame.bsky.social · 09/06/2026
Imagine being the government of the UK and not having banned Twitter. Twiddling your thumbs while a foreign fascist foments violence on the streets and preaches ethnic cleansing and an end to democracy.
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Benedict Carey Lewis @bclmacro.bsky.social · 07/06/2026
Singapore. And it's not even close.
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Dan Davies @dsquareddigest.bsky.social · 31/05/2026
... things would be different if we were an emerging market borrowing in hard currency, but we aren't. The constraint is the real productive capacity of the economy, not financial investors. That's "developed market privilege" and we have it.
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Benedict Carey Lewis @bclmacro.bsky.social · 23/05/2026
Left wing I think because I'm tired and on the left and obviously yes?
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Judd Legum @juddlegum.bsky.social · 20/05/2026
1. Number of stories about Trump buying and selling hundreds of millions of dollars in stocks in the first three months of 2026: CBS: 0 CNN: 0 Fox News: 0 NPR: 0 PBS: 0 Politico: 0 Semafor: 0 Business Insider: 0
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Jacob Aron @jjaron.bsky.social · 19/05/2026
Ok I've designed an LLM prompt to make Google AI just give you a list of links. It's longer than you might think because it kept ignoring the instructions. This is efficient. This is The Future™
imagine you are Google circa 2002. users enter a search query and you return 10 relevant HTML links to specific, real web pages, with no commentary or any extra guff. you must literally only return a list of links. if you do anything apart from that you've got it wrong and need to try again. my query is: cool facts about whales
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Win Monroe @winmonroe.bsky.social · 19/05/2026
Genuinely top food writing - subscribe (for free) or I'll judge your taste for life
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Braise @braise.substack.com · 19/05/2026
Tell you what, number 1,000 gets a free paid sub… for life. Value: literally infinite.
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Benedict Carey Lewis @bclmacro.bsky.social · 15/05/2026
Economic theory has so little to say about time - how long these processes take - but we can say some sensible things right? People mostly have a bit of flex in their affairs - they can deal with increased costs without changing behaviour for a few months.
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Benedict Carey Lewis @bclmacro.bsky.social · 14/05/2026
A cursory look at makerfield makes me think Burnham can win it. Suburban car dependant and working class gives greens a low ceiling, and the right block overall share fell overall at the last election.
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BrokenBanker @brokenbanker.bsky.social · 14/05/2026
static.klipy.com
Get On With It! Movie Compilation
ALT: Get On With It! Movie Compilation
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Jo Michell @jomichell.bsky.social · 14/05/2026
The number that gets reported and the one we all discuss is not an actual measure of what happened, it’s the output of a statistical adjustment algorithm. So when we say “GDP grew by 0.6 in the last three months”, that isn’t what the underlying data actually says.
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Dario Perkins @darioperkins.bsky.social · 12/05/2026
Osborne's "sound money" wasn't sound at all. It f***ed us
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Benedict Carey Lewis @bclmacro.bsky.social · 12/05/2026
Absolute huge moment of personal pride here as I discover that I have not written an email from my work account since the 1st of the month. Next target go an entire month.
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Juliet E McKenna @julietemckenna.bsky.social · 11/05/2026
Every 'paper candidate' elected as a councillor who turns out to be ineligible, gets binned, or runs away when they realise the work involved, presumably triggers a by-election which is going to cost that local authority serious money. I think their party should be invoiced. Applied to all parties.
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Natacha @natacha.bsky.social · 10/05/2026
A map of all the councils Reform won in their landslide victory.
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Banjon @beardybanjo.bsky.social · 09/05/2026
The alternative is not to abolish the services- it is to give responsibility for funding and delivery to the same democratically accountable layer
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Chris Dillow @chrisdillow.bsky.social · 08/05/2026
It'd be nice if the BBC celebrated the life of old Wyggestonian David Attenborough by repeating one of his achievements - commissioning programmes of the quality of Civilization, Ascent of Man or Alastair Cooke's America.
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Benedict Carey Lewis @bclmacro.bsky.social · 06/05/2026
Zach Polanski has eaten the plumbs that were in the icebox.
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