Iñaki Aldasoro
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aldasoro.bsky.social
Iñaki Aldasoro
@aldasoro.bsky.social

Principal Economist at the Bank for International Settlements. Views are my own, so is the silly sense of humor.

Economics 86%
Business 6%

Theory of Moral Sentiments is better 😃

Atletico’s style could you use some more of the boldness that characterises private credit lending.
*APOLLO BUYS 55% OF ATLETICO MADRID, EXPANSION SAYS

Reposted by Iñaki Aldasoro

*APOLLO BUYS 55% OF ATLETICO MADRID, EXPANSION SAYS

Basel evening, on my way to a dinner of the monetary minds with Borio, Disyatat and Mehrling

Reposted by Iñaki Aldasoro

Non-bank lenders may be fair-weather friends - @haonanzhou.bsky.social column here on research here with @aldasoro.bsky.social and Sebastian Doerr of the BIS showing non-banks pull back more sharply after a crisis than banks www.ft.com/content/d4da...
Non-bank lenders may be fair-weather friends
Research shows they don’t just retreat in a crisis — they run for the exit
www.ft.com

A lesson in the circular flow of income
The plan: take money from insurers, give it to people, then have people give it back to the insurers.

Reposted by Iñaki Aldasoro

The plan: take money from insurers, give it to people, then have people give it back to the insurers.

Reposted by Benjamin Braun

on.ft.com/49dRS9z Non-bank lenders may be fair-weather friends

Check out this piece @financialtimes.com where we discuss our recent research on nonbank lending during crises
Non-bank lenders may be fair-weather friends
Research shows they don’t just retreat in a crisis — they run for the exit
on.ft.com

Data as of 4 November shows a break in the upward move of the money market MCI, which coincided with the announcement of the end of QT. In other words, money market conditions are not as tight post announcement

Correction: blockchain will do this.
*MUSK: OPTIMUS WILL ELIMINATE POVERTY

A world of possibilities out there, the future is yours to make
Quite a graph in the FT…

Reposted by Iñaki Aldasoro

*MUSK: OPTIMUS WILL ELIMINATE POVERTY

SANDWICH GUY FOUND NOT GUILTY.

EVIDENCE WAS SUB PAR.

Reposted by Iñaki Aldasoro

Quite a graph in the FT…

If it’s inert, you’ll lose your shirt

If it’s edible, the law is not credible

My ”AI investments need a government backstop t-shirt” is raising a lot of questions that I feel are already answered by my t-shirt
OpenAI CEO Altman: We don't have government guarantees for OpenAI datacenters.

Reposted by Iñaki Aldasoro

SANDWICH GUY FOUND NOT GUILTY.

EVIDENCE WAS SUB PAR.

Reposted by Iñaki Aldasoro

OpenAI CEO Altman: We don't have government guarantees for OpenAI datacenters.

Very good article

Reposted by Iñaki Aldasoro

Monumental hubris, every detail is jaw dropping.

ig.ft.com/saudi-neom-l...
End of The Line: how Saudi Arabia’s Neom dream unravelled
Mohammed bin Salman’s utopian city was undone by the laws of physics and finance
ig.ft.com

Offshore dollar memes are the best memes: an update

Fun offshore dollar market updated factoid: in the year to end-June 2025, offshore dollars increased by ~ $1.42 trillion (about $ 91 billion for stablecoin market cap over the same period, for comparison)
Fun offshore dollar market fact: in the year to end-March 2025, offshore dollar deposits increased by roughly 11.5 times the increase in total stablecoin market cap over the same period (977 bln versus 85 give or take).
Cc @robinwigglesworth.ft.com @bhgreeley.bsky.social
Started/ going

The damage is done

Sorry, logging in after a while and I see you have covered all the ground here 😃
In any event, this does not look like an awesome sign

Perhaps this should also be read in the same spirit

bsky.app/profile/fina...
FT Exclusive: Jensen Huang has warned that China will beat the US in the artificial intelligence race, thanks to lower energy costs and looser regulations.

Read more from his interview with the Financial Times: on.ft.com/4oQbYuP

They are just parlaying their way to a government backstop. Already now. Wow.