Reposted by Dan HingeDom White @domw.bsky.social · 14/09/2026I'm not sure who needs to know this, but the Fed now splits out hedge funds as an institutional class in the Flow of Funds report. So we can now see just how important they've been as buyers of US Treasurys and the answer is ... meh. 34810
Dan Hinge @danhinge.bsky.social · 30/07/2026TBF I haven't heard of this strategy for a while, but yes, a few such cases. Going back further there was the bear squeeze in Bretton Woods 111
Dan Hinge @danhinge.bsky.social · 30/07/2026Yeah I think that's the general idea, just make things more difficult and make investors sweat if the put on too many one-sided bets. Ofc that only works if the macro fundamentals are roughly in line 010
Dan Hinge @danhinge.bsky.social · 30/07/2026Not quite the same thing but I believe there are examples where central banks (Peru?) have deliberately injected volatility into FX markets to make traders think twice before placing any bets 331
Dan Hinge @danhinge.bsky.social · 30/07/2026Trouble is, the CBRT's method was to use open market operations, which worked fine until Erdogan figured it out. Trying to fool markets into tightening without any action by the central bank is not going to work, for the reasons Rob states. 010
Dan Hinge @danhinge.bsky.social · 30/07/2026Great stuff from @robarmstrong.bsky.social. I wonder if Warsh is trying something akin to the 'Turkey model' (CBRT circa 2015) - i.e. leaving the policy rate alone to please political masters and meanwhile manipulating market rates to be tighter. www.ft.com/content/fe3f...ft.comKevin Warsh is confusing marketsThe Fed is a player, not a referee 120
Dan Hinge @danhinge.bsky.social · 25/06/2026Surprised to find myself in the top 10% of the FT stockpicking game, with my ESG themed portfolio, "Friedman's nightmare". Games Workshop doing a lot of heavy lifting... 061
Dan Hinge @danhinge.bsky.social · 25/06/2026This is very cool (excuse the pun) - can you share any more detail on what you did? We recently bought a terraced house in Oxford and while we're just about managing with passive cooling, it definitely needs some upgrades 120
Dan Hinge @danhinge.bsky.social · 24/06/2026Excellent reporting by Jen here. Being able to weave a narrative might help Labour sell some of the good things it has done in government (and paper over the dodgy bits). But the flip-floppery is worryingly Starmer-esque. www.ft.com/content/9949...ft.comThe decade that made Andy BurnhamWhat 10 years covering the Manchester mayor’s many reinventions taught me about the man who wants to lead Britain 010
Dan Hinge @danhinge.bsky.social · 23/06/2026@thomas-chow.bsky.social interviewed Sharon Donnery and the ECB has now published the text if you want a free version - one of main things she emphasises is that Europe is diverging from the US on bank regs, though still looking to simplify them www.bankingsupervision.europa.eu//press/inter...bankingsupervision.europa.euInterview with Central BankingEuropean banking supervisors contribute to keeping the banking system safe and sound. European banking supervision comprises the ECB and national supervisors of the participating countries. 020
Reposted by Dan HingeAndrew Sissons @acjsissons.bsky.social · 21/06/2026It seems to have become commonplace to blame net zero for Britain’s high energy bills and/or weak job market… … and I guess I’ll have to explain again why there is very little evidence of this. Britain has plenty of economic problems; net zero is not high on that list (though climate change is) 🧵giftarticle.ft.comEd Miliband would be ‘noose around neck’ of job creation as chancellor, union boss warnsComments by Sharon Graham come as Burnham team explores key government appointments 13524267
Dan Hinge @danhinge.bsky.social · 16/06/2026"What's that on the desk?" "Oh, just a letter from Jay Powell. We get a lot of those." 000
Dan Hinge @danhinge.bsky.social · 08/06/2026This book about Bagehot is quite peculiar and explores all sorts of miscellaneous details of his life, but succeeds in its mission of painting a detailed portrait of a remarkable person. Was fun to read and review: www.centralbanking.com/central-bank...centralbanking.comBook notes: Walter Bagehot: life and legacy, by Janet Seaton and Barry Winetrobe - Central BankingThis slim biography succeeds in its mission of painting a portrait of a remarkable man 031
Dan Hinge @danhinge.bsky.social · 04/06/2026So, our HR team says publishing the salary band is best practice and we will be doing this in future. Unsure on exact timelines but the policy should change this year. HQ is in Paris so we'll be complying with the incoming EU rules. 010
Dan Hinge @danhinge.bsky.social · 04/06/2026Not sure. It's a good question - will query this internally. 010
Dan Hinge @danhinge.bsky.social · 04/06/2026It's an unusual role - a mix of data analysis, reporting (short and long form) and working with central banks on tailored reports. We're growing fast, so the role is likely to evolve. Journalism and/or data experience is optional but helpful, interest in economics essential. 021
Dan Hinge @danhinge.bsky.social · 04/06/2026Come work with me! We're looking for a data reporter (/analyst) to work on CB benchmarking apply.workable.com/infopro-digi...apply.workable.comData Reporter - Infopro Digital Services LimitedInfopro Digital, the B2B group specialising in information and technology, is currently looking for a Data Reporter / Analyst on a permanent contract to strengthen the team at its Central Banking enti... 211
Dan Hinge @danhinge.bsky.social · 28/05/2026Our podcasts have been resurrected by my colleague Joasia, who is doing a new series of Tech Talk. So far: Genius act risks and AI use in central banks soundcloud.com/cb-on-airsoundcloud.comCB On AirPodcasts from the Central Banking team 010
Reposted by Dan HingeRob Ford @robfordmancs.bsky.social · 28/05/2026Potentially a very big deal. Changing the Westminster electoral system would fundamentally change our politics. Lesson from other countries is also that once FPP has been ditched it is unlikely to be brought back. 2629576
Dan Hinge @danhinge.bsky.social · 26/05/2026Pretty remarkable story we have today of Georgia's central bank teaming up with Tether to launch a lari stablecoin. Details scant currently on how exactly this will work, but it's a very interesting partnership (with quite a tech-savvy central bank): www.centralbanking.com/fintech/7975...centralbanking.comNational Bank of Georgia to launch stablecoin with Tether - Central BankingGovernor Turnava welcomes investment at regulatory framework launch 121
Reposted by Dan Hingeironeconomist.bsky.social @ironeconomist.bsky.social · 19/05/2026Ok, so, a scenario no one in macro is talking about re oil and Iran is: what if consumers aren’t stupid and front run the expected shock. Then we will see a spike in saving, loss of consumption, and a classic General Theory type demand led recession. 89624
Dan Hinge @danhinge.bsky.social · 18/05/2026Short summary of the lessons: money is hierarchical; fiscal dominance is bad; the central bank hoarding reserves in a global liquidity crunch is a bad idea; and cutting the money supply impacts the economy. Mostly well known but interesting to see them all set off by a geopolitical crisis! 010
Dan Hinge @danhinge.bsky.social · 18/05/2026Enjoyed writing this one: www.centralbanking.com/central-bank...centralbanking.comBattle of Trafalgar holds lessons on global liquidity – CEPR paper - Central BankingNewly formed BdF struggled to cope with sudden loss of access to dominant currency 100
Dan Hinge @danhinge.bsky.social · 15/05/2026This is an incredible story and must have been hugely satisfying to write after several difficult legal battles www.ft.com/content/edbe...ft.comCrispin Odey and the £79mn libel battle that wasn’tA legal fight revealed the disgraced financier’s thinking — and fresh allegations of misconduct 000
Reposted by Dan HingeAlex Selby-Boothroyd @alexselbyb.bsky.social · 06/05/2026Stagflation www.economist.com/britain/2026... 2436966
Reposted by Dan HingeDan Neidle @danneidle.bsky.social · 29/04/2026UK tax is going to be the highest since 1945. But public spending won't increase; in fact most of us will experience a decline in public services. Here's why - in a thread that I'd love to be completely wrong. 725991
Dan Hinge @danhinge.bsky.social · 27/04/2026I wrote about the ways central banks are getting better at handling risk in monetary policy-making www.centralbanking.com/benchmarking...centralbanking.comDark corners: the renewed push for risk-based monetary policy - Central BankingCentral banks are still struggling to perfect models, scenario analysis and risk communication 020
Dan Hinge @danhinge.bsky.social · 21/04/2026Text of the speech here: www.bok.or.kr/eng/bbs/E000...bok.or.krInaugural Address by Governor Hyun Song ShinInaugural Address(April 21, 2026) by Governor Hyun Song Shin. * Please see the attached file for details. 000
Dan Hinge @danhinge.bsky.social · 21/04/2026Very interesting inaugural speech from Shin as BoK governor. Planning big things - more focus on financial stability (very BIS-flavoured) and more won internationalisation, as well as an overhaul of how the central bank operates. www.centralbanking.com/central-bank...centralbanking.comShin promotes novel approaches in inaugural address at BoK - Central BankingEx-BIS chief economist formally appointed head of South Korean central bank 100
Dan Hinge @danhinge.bsky.social · 13/04/2026Really helpful, thanks! Just about to begin a new L-shaped kitchen design. Currently grappling with a shortage of storage space as well as a badly optimised layout so lots to think about... 000
Reposted by Dan HingeJoseph Cotterill @jsphctrl.ft.com · 08/04/2026“Once... Iran completes its assessment, vessels are given a few seconds to pay in Bitcoin, ensuring they can’t be traced or confiscated due to sanctions”: www.ft.com/content/02ae...ft.comIran demands fees for ships passing Hormuz during ceasefireOil exporters’ union says fees to be paid in cryptocurrency and vessels monitored for weapons 66526
Reposted by Dan HingeGerry Canavan @gerrycanavan.bsky.social · 06/04/2026Adam Roberts follows up on my Redshirts post from last week with one of his own: latestartrek.substack.com/p/star-trek-...latestartrek.substack.comStar Trek: Attrition RatesThe Trekkie shirt is deepest red/It shrouded oft our martyred dead 0114
Reposted by Dan HingeDr Stylite @columnist.bsky.social · 02/04/2026Further to a conversation last night, can AI write a ‘locked room’ mystery story (eg Benoit Blanc etc etc)? 2113
Dan Hinge @danhinge.bsky.social · 01/04/2026Central clearing not exactly popular either: "firms emphasised that existing access barriers, operational constraints and cost considerations made central clearing unfeasible or uneconomical for most market participants" 000
Dan Hinge @danhinge.bsky.social · 01/04/2026"Most respondents were not supportive of the potential introduction of minimum haircuts..." Astonishingly, the hedge funds want to keep their leverage. www.bankofengland.co.uk/paper/2026/d...bankofengland.co.ukEnhancing the resilience of the gilt repo market – discussion paper feedback statementThis feedback statement provides a summary of the responses to the September 2025 discussion paper ‘Enhancing the resilience of the gilt repo market’ and outlines how the Bank intends to progress this... 121
Dan Hinge @danhinge.bsky.social · 30/03/2026Also: doesn't the US government have a problem getting people to hold Treasuries? Why are they so keen for the Fed to release more into circulation? 011
Dan Hinge @danhinge.bsky.social · 30/03/2026Kinda weird to me that Miran wants to try all sorts of gimmicks to allow the market to cope with $2tn less reserves, but doesn't want the Fed to go back to a scarce reserve framework www.centralbanking.com/central-bank...centralbanking.comShrinking Fed’s balance sheet a ‘solvable challenge’ – Miran - Central BankingCentral bank can shed $2 trillion off ledger without hitting scarce reserves threshold, governor says 121
Reposted by Dan HingeDuncan Weldon @duncanweldon.bsky.social · 28/03/2026www.ft.com/content/4f09... Genuinely hard to overstate how much of a strategic defeat it would be for the United States if the war ends with effective Iranian control of the Strait. 473233881
Reposted by Dan HingeHannah Fearn @hannahfearn.bsky.social · 24/03/2026Are you a young person who wants to be a journalist? Go from built environment and housing expertise to... anywhere you want! I went up to comment editor of 2 national newspapers (and now do all sorts for everywhere) Here's your brilliant first step: www.journoresources.org.uk/job/ibp-summ...journoresources.org.ukIBP Summer Internship Scheme 2026 - International Building PressPays National Living Wage or London Living Wage (if in London). 01012
Reposted by Dan HingeGiles Wilkes @gilesyb.bsky.social · 23/03/2026I am beginning to wonder if this is a big error. This is not 2022, there isn't a gallon-load of demand-fuel in the system, history doesn't always repeat or even rhyme. Policy needed tightening then becaus NGDP growth was way outside its good range. Now it is where it should be ... 3299
Dan Hinge @danhinge.bsky.social · 16/03/2026She always seemed happy outside of policy roles so that's a surprise too. But I guess it's a whole organisation pretty much solely devoted to her research question, so must be fairly appealing...! 111
Dan Hinge @danhinge.bsky.social · 16/03/2026I guess somewhat - though I knew Shin was retiring and she's an obvious candidate to replace him. Did you know it was on the cards? 111
Dan Hinge @danhinge.bsky.social · 16/03/2026Here's an interview I did with her in 2024 about her research into equity markets as a key driver of the global financial cycle www.centralbanking.com/central-bank...centralbanking.comHélène Rey on cracking the code to the global financial cycle - Central BankingThe dollar and financial cycle move together. For the first time, economists think they know why 122
Dan Hinge @danhinge.bsky.social · 16/03/2026Helene Rey is taking over from Hyun Shin at the BIS www.bis.org/press/p26031...bis.orgHélène Rey appointed as Economic Adviser and Head of Monetary and Economic DepartmentHélène Rey, Professor of Economics at London Business School, appointed as Economic Adviser and Head of the Monetary and Economic Department of the BIS. Ms Rey is appointed for a five-year term, effec... 151
Reposted by Dan HingeJustin Wolfers @justinwolfers.bsky.social · 13/03/2026HUGE (and GOOD) news: Federal court has thrown out the President's attempt to throw the Fed Chair in jail. 431083264
Dan Hinge @danhinge.bsky.social · 12/03/2026Eddie Yue and the fraudster bananas - www.centralbanking.com/awards/79752...centralbanking.comCommunications initiative: Hong Kong Monetary Authority - Central BankingInnovative campaign supported by top leadership has helped counter rising levels of financial scams 010