Freedom is not spare time; it is permission what changed when I stopped asking to take my own holiday, and the part that is harder than it looks. There is a particular kind of waiting that comes with a leave request. You submit it, and then it sits somewhere waiting for a manager to decide […]
Twenty-Eight Days, And Someone Else Picked Them Read More »
The SEC votes on Friday to open its first formal crypto rulebook. Why the plumbing gets built when nobody is watching the price. The most consequential thing happening in crypto this week has nothing to do with the price. On Friday, the United States Securities and Exchange Commission meets to vote on opening a proposal
The Rules Get Written on Friday Read More »
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
Why One Number Tomorrow Moves Everything Read More »
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
When the Insiders Are Allowed to Sell Read More »
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
A Shipping Lane and Your Electricity Bill Read More »
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
Three People Voted to Raise Your Mortgage Read More »
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
The Ethics Argument That Is Holding Clarity Hostage Read More »
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 »
