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Felix Salmon

@felixsalmon.com
6K followers 418 following 361 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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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 · 03/07/2026
Dean where are you getting your PE of 40? I see 27.5 on the S&P 500
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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 · 14/06/2026
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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 · 10/05/2026
Often they’re moved to the north side of Canal Street for some insane reason and then just left there indefinitely.
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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 · 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 · 02/04/2026
Wait it gets better
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Felix Salmon @felixsalmon.com · 01/04/2026
Well this is going to be interesting!
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Felix Salmon @felixsalmon.com · 07/03/2026
Even in Detroit, the latest sunrise would be 9am.
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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 · 21/01/2026
Chart crime du jour
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Felix Salmon @felixsalmon.com · 18/01/2026
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Felix Salmon @felixsalmon.com · 10/01/2026
I am begging @hellgatenyc.com to allow subscribers to sign in with a username and password. No one wants to wait 12 minutes for a code to arrive via email.
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Felix Salmon @felixsalmon.com · 18/12/2025
As @matt-levine.bsky.social heads off on a well-earned break I just want to point out the degree to which he’s changed the world. 10 years ago, the answer to “Have you seen all the other fraud indictments?” was “no”. Now, thanks almost entirely to Matt, it’s “yes!”
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Felix Salmon @felixsalmon.com · 03/12/2025
Wait did the MTA kill the Bowery J/Z station? www.nytimes.com/2025/12/03/s...
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Felix Salmon @felixsalmon.com · 02/12/2025
@emilypeck.bsky.social FTW
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Felix Salmon @felixsalmon.com · 22/09/2025
Always, ALWAYS take the over
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Felix Salmon @felixsalmon.com · 16/09/2025
This has to be AI, right? Interesting example of the use of AI in data journalism cc @zachseward.com www.wsj.com/business/air...
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Felix Salmon @felixsalmon.com · 10/09/2025
Someone explain to me how a restaurant in Astoria can charge $32 for six oysters lifeatmars.com/dinner-menu/
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Felix Salmon @felixsalmon.com · 21/08/2025
I think “breaking NYT” here, from an MSNBC person, not a NYT person, just means the news is breaking (in tv terms) and here’s the NYT article. The NYT piece both credits and links to the original story, and makes no claims to being a scoop.
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Felix Salmon @felixsalmon.com · 18/08/2025
But @netgalley.bsky.social is on my whitelist and has been for years
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Felix Salmon @felixsalmon.com · 18/08/2025
Has Amazon blocked @netgalley.bsky.social for some reason?
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Felix Salmon @felixsalmon.com · 11/08/2025
If the art of taxation, as @dsquareddigest.bsky.social says, is to extract the maximum amount of feathers with the least amount hissing, then the stock buyback tax might be the perfect tax. No one seems to have blinked an eye at it.
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Felix Salmon @felixsalmon.com · 28/07/2025
Are they deliberately trolling me www.nytimes.com/2025/07/27/u...
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Felix Salmon @felixsalmon.com · 27/07/2025
Bloomberg push alerts as Jeopardy clues
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Felix Salmon @felixsalmon.com · 23/07/2025
Imply! Not infer! www.cnn.com/2025/07/22/p...
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Felix Salmon @felixsalmon.com · 16/07/2025
🤔
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Felix Salmon @felixsalmon.com · 29/06/2025
74% of NYC's 120k construction workers are immigrants. comptroller.nyc.gov/reports/our-... You can solve the housing crisis by building more, or you can try to solve it by shrinking the population. The latter solution is disastrous for tax revenues and the city budget, no mayor would ever want it.
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Felix Salmon @felixsalmon.com · 29/06/2025
Current Connections status
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Felix Salmon @felixsalmon.com · 20/06/2025
smh do none of these members of Congress know what “begs the question” means
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Felix Salmon @felixsalmon.com · 12/06/2025
Great story about why your phone doesn’t work in London, even when it says it’s on 5G (it’s probably lying about that). #nimby www.londoncentric.media/p/real-5g-co...
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Felix Salmon @felixsalmon.com · 05/06/2025
@secondmentions.bsky.social “the tusked thief” www.tiktok.com/t/ZP8MXsXG1/
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Felix Salmon @felixsalmon.com · 30/05/2025
Just remembered this cloud formation
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Felix Salmon @felixsalmon.com · 26/05/2025
@jwherrman.bsky.social where do I find these volumes? Whenever I ask SEO types why they believe what they believe, they just say “trust me I’m an expert” rather than pointing to any kind of primary-source chapter and verse.
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Felix Salmon @felixsalmon.com · 19/05/2025
Wild how “Substack” has become a generic term for “newsletter”, eg in this item from @semaforben.bsky.social
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Felix Salmon @felixsalmon.com · 18/05/2025
“The monolithic connector” @secondmentions.bsky.social
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Felix Salmon @felixsalmon.com · 18/05/2025
In 99% of art-market reports, whenever there’s a sign of weakness someone will be quoted saying that while middling works are struggling there’s still money for great pieces. This @thegraymarket.bsky.social piece is the first time I’ve seen that formula reversed. www.nytimes.com/2025/05/14/a...
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Felix Salmon @felixsalmon.com · 15/05/2025
Interesting glass/bottle pricing strategy
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Felix Salmon @felixsalmon.com · 12/05/2025
This is very exciting!! You know your publisher has published the cover already...
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Felix Salmon @felixsalmon.com · 05/05/2025
@pkafka.bsky.social I passed your house earlier
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Felix Salmon @felixsalmon.com · 29/03/2025
Conceptually it’s easy, you just need to have variable-height shelves
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