Nobody actually wants more hours. They want a different shape of week. What I changed, what it cost me, and what I still get wrong. Nobody who says they want more time actually wants more time. Give them an extra two hours and watch what happens. The two hours get absorbed by the same things
Time Has A Shape, And Mine Was Wrong Read More »
The US jobs report lands Friday and will move markets worldwide. Last month it showed unemployment falling by half a million fewer people had jobs. Why One Number Tomorrow Moves Everything And why the honest response is to ignore it At half past eight on Friday morning New York time, the US Bureau of Labour
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Samsung fell over 6% and SK Hynix over 10% while Western indices hit new records. If you own a global fund, that divergence is already in your account. The Chip Wobble Nobody in Britain Noticed Two things happened in markets over the past day, and only one of them was in British conversation. The Dow
The Chip Wobble Britain Did Not Notice Read More »
Over 900 million SpaceX shares went on sale today. Lockup expiry is one of the least understood forces in markets; it explains a great deal. When the Insiders Are Finally Allowed to Sell Something happens today that will move a very large share price, was entirely predictable, was scheduled months in advance, is written down
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Your energy bill rose 13% in July because of a waterway most people could not find on a map. Here is the chain, link by link, and no politics. What a Shipping Lane Has to Do With Your Electricity Bill Your energy bill went up by 13 per cent on 1 July. You will have
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The Bank of England held rates again, but three of nine voted to raise them. The direction of travel has quietly reversed, and almost nobody noticed. Three People Just Voted to Raise Your Mortgage The Bank of England held interest rates last week, and the coverage was, understandably, brief. Nothing happened. Rates stayed at 3.75
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The US Clarity Act has the votes in theory, yet an ethics provision is keeping it off the Senate floor. Here is where the bill stands and why the ethics fight matters more than the technical details. I have watched enough regulatory sagas to recognise the moment when a bill stops being about market structure
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Crypto has spent years promising to replace traditional finance. Here is the sober, slightly amused list of conditions that would need to be true before that promise became ordinary Tuesday morning reality. I have lost count of the times I have watched a well-dressed speaker declare that crypto is about to eat banking for breakfast.
What It Would Actually Take for Crypto to Run the Show Read More »
The retailer lifted its profit forecast for the third time this year after stronger full-price sales. Here is what one high-street name is really signalling. There is a particular satisfaction in watching a company that sells ordinary clothes and homeware quietly beat expectations and then raise its own targets. Next has done it again. Warmer
Next Raised Its Outlook. Again. Read More »
Another week of headlines about the Strait of Hormuz and oil. Here is why most ordinary investors can keep their existing plan without constant adjustment. I used to believe that serious investors spent their mornings decoding every geopolitical development. Then I noticed that the people who actually compounded capital over decades spent far less time
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