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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 · 24/09/2026
We bought a house on the beach in Connemara!
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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
Swedes could never compete. (Nor Norwegians, harhar)
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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 · 17/09/2026
I don’t think that opposition to universal healthcare comes primarily from self-employed people buying insurance on exchanges
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Felix Salmon @felixsalmon.com · 13/09/2026
Thank you!!
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Felix Salmon @felixsalmon.com · 13/09/2026
I’m happy about the gate but in what world is Clarkson Street in Tribeca?
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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 · 13/08/2026
Ha! You can take the journalist out of Axios…
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Felix Salmon @felixsalmon.com · 04/08/2026
One is to do with future rates and the other is to do with the future reaction function?
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Felix Salmon @felixsalmon.com · 02/08/2026
D’oh! It barely registered with me that that was an apostrophe rather than a particularly rococo serif
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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
That’s exactly what I’m saying
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Felix Salmon @felixsalmon.com · 31/07/2026
Oaktree! I had no idea! I always thought of it as NY!
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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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Felix Salmon @felixsalmon.com · 30/07/2026
www.irishtimes.com/business/202...
irishtimes.com
Irish economy shrank by 1.6% in 12 months to end of June, CSO estimates
Volatile numbers come on the back of a surge in exports last year
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Felix Salmon @felixsalmon.com · 30/07/2026
Irish GDP is notoriously difficult to measure in a useful way, given the degree to which its real economy is financially overshadowed by weird tax structure vehicles, aircraft leasing companies, etc
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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 · 19/07/2026
I mean if both covert to $162 per 6 months then the first option does work out cheaper on a per-year basis
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Felix Salmon @felixsalmon.com · 16/07/2026
You could say the same about stock analysts on earnings calls...
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Felix Salmon @felixsalmon.com · 16/07/2026
Do you mean they ask the questions but do so in a disrespectful way? Or that they just don’t ask the questions?
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Felix Salmon @felixsalmon.com · 15/07/2026
Aunuʻu, American Samoa
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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 · 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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Felix Salmon @felixsalmon.com · 25/06/2026
On the other hand in order for this to do any good Ireland will need to build more than 7 new houses over the next few decades
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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 · 20/06/2026
I’d add TikTok for the same reason
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Felix Salmon @felixsalmon.com · 20/06/2026
Shouldn’t Meta be on there?
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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 · 15/06/2026
These were 6oz, not 16oz
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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 · 08/06/2026
What is allowed in Paris but not in NYC? Obvs NY still has plenty of traffic and ICE cars so that doesn’t cause the pollution?
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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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Felix Salmon @felixsalmon.com · 17/05/2026
Generally in my experience this arises when you’re reading work A, which quotes work B. And B as quoted in A looks very interesting and worth responding to, but can be hard to track down.
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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 · 12/05/2026
Et tu, Carl? I thought you were not the kind of person to compare a stock with a flow
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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 · 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 · 06/05/2026
I never much worried about the blank side of the tape but the lack of cm markings was always annoying af
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