On this day 25 years ago, I started working in the financial industry. I had studied economics at Witten/Herdecke University in Germany – where I spent most of my time doing other things. (1/7)
Quick recap of last week's market developments. Equities were mixed (Europe up, US flat) and risk premia on corporate bonds fell slightly. Yields on 10y govt bonds rose by 6 bps in the US and by 4 bps in Germany, while implied policy rate cuts remained unchanged. As a result, yield curves steepened.
Quick of last week's market developments. Equity markets rose, credit market risk premia and government bond yields fell. US jobs data was revised down, with 818,000 fewer jobs created between April 2023 and March 2024 than originally reported.
if you don't honestly know what Jackson Hole is, and even if you do, wrap your ears around this podcast I did with @chrisgiles.bsky.socialwww.ft.com/content/e3e4...
Central bankers are meeting in the mountains this week. Markets will be listening closely to the chair of the Federal Reserve.
Quick recap on last week’s market developments. US consumer prices rose slightly less than expected in July (core CPI +0.17% m/m and 3.2% y/y). Also, US retail sales rose strongly, initial jobless claims were lower than expected and Walmart reported sales growth of 5% last quarter.
Delighted to announce that the FT Visual Vocabulary is now available in German, courtesy of a superb translation effort by Max Melchior Lang. Check it out along with all our other translated editions — Spanish, French, Japanese, Chinese — here github.com/Financial-Ti...
If there's going to be an X..odus from Twitter/X (and I think there should be) let's make it a coordinated one. My thoughts on how and when. www.prospectmagazine.co.uk/ideas/techno...
Twitter/X has become a cesspit of racism, bullying and unpleasantness. Has the time have come for a mass X-odus and shall we name the date?
Scotland lost a match, but won the hearts, in Munich and across Germany. No Scotland No Party! youtu.be/gvi0GtQCEcQ
Music video for 'No Scotland No Party' by Nick Morgan. LYRICS VERSE 1 In the land where thistles sway, and the sound of bagpipes play In every social club and bar, fae Hampden Park tae towns afar Tales of fitba have been told, of triumph and dismay They talk of tournaments we’ve played and aw the memories that were made We never seem to do too well, I guess that time will tell If we are finally, gonna make it, through the group stage Nobdae’s saying we’re gonna win it, we know we ain’t no Argentina CHORUS But we got John McGinn (JOHN MCGINN! JOHN MCGINN! ) And Robbo out on the wing (ON THE WING! ON THE WING! ) NO SCOTLAND NO PARTY! STEVE CLARKE’S TARTAN ARMY! And even if we don’t win (WE WILL WIN! WE WILL WIN!) We’ll boogie on in Berlin (IN BERLIN IN BERLIN! ) NO SCOTLAND NO PARTY! Steve Clarkes Tartan Army VERSE 2 They talk of France in ninety eight, and aw the years we’ve had to wait To make a tournament abroad, and represent on foreign soil It’s always been a dream a generations never seen That’s how long it has been But now we’ve made it and we’re here there should be nobdae that we fear Beaten Spain along the way it doesnae matter who we play Cause nobdae else has got themselves, a Dykes or McTominay! Nobdae’s saying we’re gonna win it, we know we ain’t no Argentina CHORUS But we got John McGinn (JOHN MCGINN! JOHN MCGINN! ) And Robbo out on the wing (ON THE WING! ON THE WING! ) NO SCOTLAND NO PARTY! STEVE CLARKE’S TARTAN ARMY! And even if we don’t win (WE WILL WIN! WE WILL WIN!) We’ll boogie on in Berlin (IN BERLIN IN BERLIN! ) NO SCOTLAND NO PARTY! Steve Clarkes Tartan Army BRIDGE WE’RE ON OUR WAY TO GERMANY HERE WE GO! HERE WE GO! WE’RE ON OUR WAY TO GERMANY HERE WE GO! WE GO………! WE’RE ON OUR WAY TO GERMANY HERE WE GO! HERE WE GO! WE’RE ON OUR WAY TO GERMANY HERE WE GO! WE GO………! CHORUS And we got John McGinn (JOHN MCGINN! JOHN MCGINN! ) And Robbo out on the wing (ON THE WING! ON THE WING! ) NO SCOTLAND NO PARTY! STEVE CLARKE’S TARTAN ARMY! And even if we don’t win (WE WILL WIN! WE WILL WIN!) We’ll boogie on in Berlin (IN BERLIN IN BERLIN! ) NO SCOTLAND NO PARTY! Steve Clarkes Tartan Army NO SCOTLAND NO PARTY! Steve Clarkes Tartan Army…