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Felix Salmon

@felixsalmon.com
6K followers 418 following 360 posts

Host, Slate Money. Author of THE PHOENIX ECONOMY.

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Felix Salmon @felixsalmon.com · 23/09/2026
Here in Ireland, a lot of people drive diesel cars. I’m quite happy to be an EV, given the price of diesel
$9.55 per gallon!
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Felix Salmon @felixsalmon.com · 18/09/2026
Inspired by @robinwigglesworth.ft.com's FT Alphaville Substack I brought up the chart of European potato futures and boy is this a volatile commodity!
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Emily Peck @emilypeck.bsky.social · 18/09/2026
Drop everything @felixsalmon.com wrote about the $60 bread www.bloomberg.com/news/article...
bloomberg.com
The K-Shaped Loaf of Bread
At RYE by Martin Auer, the bread costs $60 per loaf. The theory behind this gambit makes some sense.
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Felix Salmon @felixsalmon.com · 06/09/2026
This could be the end of the line for my beloved Dana Designs backpack, which traveled around the world with me and has served me admirably. Dates to the 1980s!
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Felix Salmon @felixsalmon.com · 04/09/2026
What the Frank Gehry tower on Spruce St looks like on the AI-generated isometric.nyc
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Felix Salmon @felixsalmon.com · 31/07/2026
I think I’m safe in saying that a UK publication would never, ever, ever pick a font that included this utterly bizarre italic J. Why on *earth* does it have a crossbar? Only USian Cursivites will ever understand
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Felix Salmon @felixsalmon.com · 31/07/2026
This Situational Awareness story reminds me that Peter Thiel’s hedge fund, Clarium, also failed. California is great at producing VCs, of course, and even PE (Silver Lake) or fixed income stars like Milken or Gross. But has it ever produced a top-ranked hedge fund?
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Jeff Seidman (he/him) @jeffsseidman.bsky.social · 25/07/2026
Of course I knew that debt is part of the machinery by which economies run. But that trite statement does not to justice to the pervasive, architectural roles of debt in... *everything*, that @felixsalmon.com points to in this beautiful, mind-bending essay.
bloomberg.com
Debt Is More Beautiful Than You Think
From sovereign bonds to modern banking, debt is one of humanity’s most elegant and misunderstood creations.
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Silvia Killingsworth @silviakillings.bsky.social · 24/07/2026
The Bloomberg Review of Bonds, by @felixsalmon.com www.bloomberg.com/news/feature...
bloomberg.com
Debt Is More Beautiful Than You Think
From sovereign bonds to modern banking, debt is one of humanity’s most elegant and misunderstood creations.
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Felix Salmon @felixsalmon.com · 24/07/2026
A story I've been working on and thinking about for longer than I might like to admit -- my attempt to answer the question @matt-levine.bsky.social posed about "what are the aesthetics of debt". www.bloomberg.com/news/feature...
bloomberg.com
Debt Is More Beautiful Than You Think
From sovereign bonds to modern banking, debt is one of humanity’s most elegant and misunderstood creations.
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Felix Salmon @felixsalmon.com · 01/07/2026
I really want to listen to the audio version of today's @matt-levine.bsky.social column but only if it's recorded by a New Zealander who pronounces "egg" as "ig"
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Felix Salmon @felixsalmon.com · 01/07/2026
What does this imply in terms of the housing bill becoming law?
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Albert Pinto @70sbachchan.bsky.social · 21/06/2026
21/ Total Humiliation. Trump announces Starmers resignation BEFORE Starmer announces it himself.
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Felix Salmon @felixsalmon.com · 16/06/2026
Lovely piece by @nguyenterry.bsky.social on the inaugural CORRIDOR show nguyenterry.substack.com/p/the-art-of...
nguyenterry.substack.com
The Art of Rewatching
On Jennifer and Kevin McCoy's Crystal Films (2026) at Corridor
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Felix Salmon @felixsalmon.com · 15/06/2026
Three perfect grafs from @matt-levine.bsky.social
We talk from time to time around here about my favorite postmodern comedians, the people who design user interfaces for Citigroup Inc.’s internal software. If you work at Citi, you come in every day and open up some proprietary software to do trades and send money and stuff, and that software has a bunch of fields you can fill in and buttons you can press to do things, and some of them are pranks. Like there was allegedly a field in some payments screen that “came pre-populated with 15 zeros, which the person inputting a transaction needed to delete”; if you forgot, apparently typing “$1” in that field would send the customer $1,000,000,000,000,000? Just hilarious Dada-esque comedy.

Citi appears to do this stuff out of genuine commitment to the bit, but pitfalls like this exist at every bank. Every bank has software with fields that you can fill in and buttons you can press, and you are tired and distracted and you might, say, put the dollar amount of your trade in the “shares” field and sell 7,548 times as much stock as you intended to sell. That really could happen anywhere, though in fact it happened at Citi.

More generally, it is the nature of software that any piece of software will contain a button you should not push, just to make life exciting. (For me it is the “Publish” button in this column’s content management system. Have I ever published a half-written draft by accident? No. Do I think about it every day? Yes. Have I jinxed myself by writing this? Of course.) Probably most banks do not give their employees software with a big red button labeled “LIQUIDATE BANK,” which when pressed initiates a liquidation of the bank, though Citi might. (No, I’m kidding, at Citi the liquidation is probably triggered by a small green button labeled “Help.”)
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Felix Salmon @felixsalmon.com · 14/06/2026
@emilypeck.bsky.social is this inflashe
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Felix Salmon @felixsalmon.com · 05/06/2026
No one: Absolutely no one: Park Avenue Armory: Let's expand Music For 18 Musicians from 55 minutes to 3.5 hours! www.armoryonpark.org/season-event...
armoryonpark.org
Music for 18 Musicians: Oct 14–18, 2026 | Park Avenue Armory
Musical visionary Alan Pierson stages Steve Reich's masterpiece in a durational cycle performed by three generations of musicians Oct. 14–18, 2026.
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Felix Salmon @felixsalmon.com · 27/05/2026
Just found this in Settings. Feels suboptimally high
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Felix Salmon @felixsalmon.com · 23/05/2026
Wait he did have a good excuse after all for missing his son’s wedding?
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Felix Salmon @felixsalmon.com · 21/05/2026
I swear I have never in my life seen a stove knob that says “simmer” on it
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Slate @slate.com · 13/05/2026
Futurist Scott Smith explains why we’re in an age of “risk-maxxing.” slate.trib.al/XrVtsxD
slate.trib.al
Money Talks: Risky Business
Futurist Scott Smith explains the phenomenon he calls “risk-maxxing.”
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Felix Salmon @felixsalmon.com · 07/05/2026
Did Aldo Rossi do the Scholastic building in SoHo? I wasn’t sure about it when it was new but it’s aging really well
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nilay patel @reckless.bsky.social · 06/05/2026
Pure software brain in the Whoop app: we failed to log your sleep correctly so please start holding real still at night so the computer thinks you’re sleeping
Two things I recommend:
1. Manually review/edit last night's sleep:
• In the Sleep screen » tap last night → Edit → adjust bed time back toward 11:30pm / midnight if that's accurate.
2. For the next few nights, once you actually lie down for sleep, put the phone away and keep movement minimal for ~10-15 minutes; that makes it easier for
WHOOP to lock in the true bed time.
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Felix Salmon @felixsalmon.com · 05/05/2026
In Brian Armstrong's announcement of layoffs at Coinbase, he writes that: 1) "non-technical teams are now shipping production code" 2) managers will have "as many as 15+ direct reports" and must "get their hands dirty alongside their teams". Is there any chance this works? x.com/brian_armstr...
x.com
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Felix Salmon @felixsalmon.com · 04/05/2026
Counterpoint: Yes they can
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Felix Salmon @felixsalmon.com · 03/05/2026
2006; 2026
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Felix Salmon @felixsalmon.com · 03/05/2026
Wordle 1,779 4/6* ⬜⬜⬜⬜⬜ ⬜⬜⬜⬜⬜ ⬜⬜🟨⬜⬜ 🟩🟩🟩🟩🟩
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Felix Salmon @felixsalmon.com · 25/04/2026
I’m not sure @hels.bsky.social appreciates how truly embarrassing this is. Obviously it’s both easier and more accurate to just weigh 20 pinches and divide by 20.
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Felix Salmon @felixsalmon.com · 24/04/2026
Nvidia's market cap has risen by $1 trillion in four weeks.
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Felix Salmon @felixsalmon.com · 20/04/2026
Steps needed to get an auction result from the Sothebys website: 1. Find the item page, and click on "log in to see results" 2. Go to login page, enter login name 3. Click "verify you are human" box, wait for verification 4. Enter password 5. Get told your password has expired, enter a new one
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Silvia Killingsworth @silviakillings.bsky.social · 17/04/2026
You have @felixsalmon.com's permission to stop worrying about private credit www.bloomberg.com/news/article...
bloomberg.com
Private Credit Is Not a Financial Crisis In The Making
Private credit and the AI boom carry risks, but neither has the leverage or fragility that typically trigger a systemic crisis.
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Felix Salmon @felixsalmon.com · 14/04/2026
The thing I hate most about the modern internet is emailed 1FA stedda passwords. Email has enormous latency! Let me just log in!
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Felix Salmon @felixsalmon.com · 13/04/2026
I wrote about the possibly revolutionary idea that folks might want to buy art without taking possession of it: www.bloomberg.com/news/article...
bloomberg.com
Who’d Buy a Painting They Can’t Possess?
The sale of two Chagall murals by the Metropolitan Opera forces into relief the very idea of collecting.
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Felix Salmon @felixsalmon.com · 12/04/2026
This is a 10/10 Bluesky post, perfect, no notes
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Felix Salmon @felixsalmon.com · 04/04/2026
Did you get a Connections result a bit like this yesterday? Connections Puzzle #1027 🟨🟪🟩🟦 🟩🟩🟩🟩 🟨🟨🟨🟨 🟪🟪🟪🟪 🟦🟦🟦🟦 If so you fell into Wyna's "Toms" trap: Collins (blue), Cruise (purple), Jones (green), Petty (yellow). But my question is: Why in that case is the result shown in YPGB order?
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Felix Salmon @felixsalmon.com · 01/04/2026
Well this is going to be interesting!
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Jenny Holzer @jennyholzer.bsky.social · 25/03/2026
SYMBOLS ARE MORE MEANINGFUL THAN THINGS THEMSELVES
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Felix Salmon @felixsalmon.com · 21/03/2026
“If you look at the 1868 Foreign & Colonial Investment Trust, which invested in emerging markets, all of them are still emerging markets, except America, which is the only one they didn’t invest in.” -Russell Napier
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Second Mentions @secondmentions.com · 15/03/2026
Strait of Hormuz: "the hairpin oil artery" www.telegraph.co.uk/world-news/2...
telegraph.co.uk
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onion person @junlper.beer · 06/03/2026
is this good
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Felix Salmon @felixsalmon.com · 14/02/2026
Fun fact: Close-up magic has never been more popular than it is right now. Here’s why www.bloomberg.com/news/feature...
bloomberg.com
We’re Living in a Golden Age of Close-Up Magic
For our next trick, we explain why professional magicians are having a major moment.
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Felix Salmon @felixsalmon.com · 12/02/2026
As @emilypeck.bsky.social reminds me, I've been working on this piece for over 20 years. I like the way it came out! www.bloomberg.com/news/article...
bloomberg.com
In Defense of Fakes
We’re entering a world where copying isn’t only a compliment, it’s a form of creativity all on its own.
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Felix Salmon @felixsalmon.com · 08/02/2026
Gloriously concise and on-point summary from Walt and Kira. Really helps explain why people like @vandehei.bsky.social get so excited about Claude Code and why 99% of the rest of us do not. www.bloomberg.com/news/newslet...
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Felix Salmon @felixsalmon.com · 06/02/2026
I have to admit this chart surprises me, it's holdings of bitcoin ETFs in bitcoin. I would have expected the recent selling to show up here and it doesn't seem to have done so. dune.com/hildobby/btc...
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Felix Salmon @felixsalmon.com · 04/02/2026
Hive mind: Is the Washington Post in a better or a worse position today than in the alternative universe where the Grahams never sold it?
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Robert Smith @bondhack.ft.com · 31/01/2026
Amazingly, seems that Epstein traded sovereign CDS from his gmail account.
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Felix Salmon @felixsalmon.com · 21/01/2026
Chart crime du jour
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Felix Salmon @felixsalmon.com · 17/01/2026
These extra 10% tariffs re Greenland are exactly the kind of tariffs SCOTUS is going to find illegal on Wednesday, right?
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Felix Salmon @felixsalmon.com · 16/01/2026
Please don’t put PAST DUE in red all caps on the very first invoice you send me
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Felix Salmon @felixsalmon.com · 15/01/2026
I’m a watch journalist now! www.bloomberg.com/news/article...
bloomberg.com
Why This $170,000 F.P. Journe Is the Watch of the Century
Chronomètre à Résonance is an exquisite timepiece that stacks up there with the best conceptual art
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