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Too Intelligent to Fail (Part Two)
The last global banking crisis was driven by mortgages, leverage and institutions that all believed the same thing at the same time. The next one will be driven by machines doing exactly the same thing, except they will do it in milliseconds. For the last few years, everyone has talked about artificial intelligence (AI) as……
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Too Intelligent to Fail (Part Two)
The last global banking crisis was driven by mortgages, leverage and institutions that all believed the same thing at the same time. The next one will be driven by machines doing exactly the same thing, except they will do it in milliseconds. For the last few years, everyone has talked about artificial intelligence (AI) as……
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Too Intelligent to Fail (Part Two)
The last global banking crisis was driven by mortgages, leverage and institutions that all believed the same thing at the same time. The next one will be driven by machines doing exactly the same thing, except they will do it in milliseconds. For the last few years, everyone has talked about artificial intelligence (AI) as……
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Last night of the Proms and Dolly Parton
I just watched Sakari Oramo conducting the Last Night of the Proms. It is a massive annual jamboree at the Royal Albert Hall in London and, among all the music, spectacle, flags and celebration, it was something he said that stayed with me. There was a special tribute to Dolly Parton, and Oramo used the……
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The Finanser’s Week: September 7th – September 13th 2026
This week’s main blog discussions include … 25 years after 9/11: An attack on America, capitalism or the world? On Tuesday, 11th September 2001, I was flying back from Nice, France, after a conference. We arrived home and switched on the television. What we saw was horrific. At 8:46 that morning in New York, 13:46……
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Things worth reading: 14th September 2026
Things we’re reading today include … Nigel Farage lands record £36m donation for Reform Reform receives second £36m donation in two days as crypto investor matches record Who are Reform UK’s two mega-donors? (they are both crypto billionaires) Visa, MasterCard and Anthropic are now working together Revolut confirms customer data breach through fake government requests……
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Too Cloud to Fail (Part One)
We spent the years after the financial crisis worrying about banks that were too big to fail. We forced them to hold more capital, more liquidity, write living wills, run stress tests and prove that governments would never again have to rescue the financial system because one enormous institution collapsed. Meanwhile, almost unnoticed outside technology……
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Trump made billions from crypto and now he has to sell it
I’ve written a lot about the Crypto President and the friction between the Trump administration’s legislation ranging from the GENIUS Act to GRANITE to CLARITY and you really could not make this stuff up. Will Donald Trump be the Crypto President? America is creating a war with Europe over digital money Donald Trump, the President……
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Last night of the Proms and Dolly Parton
I just watched Sakari Oramo conducting the Last Night of the Proms. It is a massive annual jamboree at the Royal Albert Hall in London and, among all the music, spectacle, flags and celebration, it was something he said that stayed with me. There was a special tribute to Dolly Parton, and Oramo used the……
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Last night of the Proms and Dolly Parton
I just watched Sakari Oramo conducting the Last Night of the Proms. It is a massive annual jamboree at the Royal Albert Hall in London and, among all the music, spectacle, flags and celebration, it was something he said that stayed with me. There was a special tribute to Dolly Parton, and Oramo used the……
