Robert Armstrong
@robarmstrong.bsky.social
US Financial Commentator, Financial Times. Opinions mine, unfortunately. The pursuit of pleasure is hard work.
Is that a lot? It sounds like a lot
STRATEGY REPORTS $17 BILLION IN OPERATING LOSSES
February 5, 2026 at 9:27 PM
Is that a lot? It sounds like a lot
"The math" had nothing to say about bitcoin on the way up, and it still has nothing to say on the way down. There is no math, there are no fundamentals. All the technical talk is circular bullshit.
Have fun staying poor, or rich, or someplace in between, as determined by nothing in particular.
Have fun staying poor, or rich, or someplace in between, as determined by nothing in particular.
“.. Our BTC price target is 0.0. That’s not just for shock factor. It’s where the math takes us,” the strategist said, noting that Bitcoin has failed to function as a dollar hedge and instead operates as “a speculative instrument correlated to the Nasdaq.”
#Bitcoin
seekingalpha.com/news/4547997...
#Bitcoin
seekingalpha.com/news/4547997...
February 5, 2026 at 8:52 PM
"The math" had nothing to say about bitcoin on the way up, and it still has nothing to say on the way down. There is no math, there are no fundamentals. All the technical talk is circular bullshit.
Have fun staying poor, or rich, or someplace in between, as determined by nothing in particular.
Have fun staying poor, or rich, or someplace in between, as determined by nothing in particular.
Reposted by Robert Armstrong
The FT's live Ask an Expert finally getting onto the good stuff... www.ft.com/content/c330...
February 5, 2026 at 2:38 PM
The FT's live Ask an Expert finally getting onto the good stuff... www.ft.com/content/c330...
This seems important
www.kedglobal.com/korean-chipm...
www.kedglobal.com/korean-chipm...
Samsung to ramp up HBM4 DRAM output capacity by 70% to meet rising Nvidia, AMD demand - KED Global
Samsung Electronics Co. plans on a sweeping expansion of its next-generation DRAM production lines, increasing capacity for advanced memory used in high-bandwi
www.kedglobal.com
February 5, 2026 at 4:41 PM
This seems important
www.kedglobal.com/korean-chipm...
www.kedglobal.com/korean-chipm...
Reposted by Robert Armstrong
Submit your questions ahead of a live Ask an Expert Q&A with US managing editor Brooke Masters and US financial commentator Robert Armstrong today at 2pm GMT ft.trib.al/p6KajDI
February 5, 2026 at 1:30 PM
Submit your questions ahead of a live Ask an Expert Q&A with US managing editor Brooke Masters and US financial commentator Robert Armstrong today at 2pm GMT ft.trib.al/p6KajDI
Reposted by Robert Armstrong
"Investors’ love affairs with growth, risk, and doubling down on whatever has been working are over. Previously unpopular, low-growth, defensive stocks are on top." @robarmstrong.bsky.social www.ft.com/content/78e5...
February 5, 2026 at 7:06 AM
"Investors’ love affairs with growth, risk, and doubling down on whatever has been working are over. Previously unpopular, low-growth, defensive stocks are on top." @robarmstrong.bsky.social www.ft.com/content/78e5...
Reposted by Robert Armstrong
👂🏼 POD TIME 👂🏼
me and @robarmstrong.bsky.social on:
-Warsh
-Huh
-What is he good for?
-Being the Fed chair, apparently
Featuring:
-Great hair
-Rollercoasters
-grindcore
open.spotify.com/episode/50hv...
me and @robarmstrong.bsky.social on:
-Warsh
-Huh
-What is he good for?
-Being the Fed chair, apparently
Featuring:
-Great hair
-Rollercoasters
-grindcore
open.spotify.com/episode/50hv...
The next Fed chair
open.spotify.com
February 4, 2026 at 9:19 AM
👂🏼 POD TIME 👂🏼
me and @robarmstrong.bsky.social on:
-Warsh
-Huh
-What is he good for?
-Being the Fed chair, apparently
Featuring:
-Great hair
-Rollercoasters
-grindcore
open.spotify.com/episode/50hv...
me and @robarmstrong.bsky.social on:
-Warsh
-Huh
-What is he good for?
-Being the Fed chair, apparently
Featuring:
-Great hair
-Rollercoasters
-grindcore
open.spotify.com/episode/50hv...
Does warsh think there is a stronger correlation between the Fed balance sheet (blue) and inflation (green) than between the balance sheet and the Fed Funds rate (orange)?
February 3, 2026 at 4:22 PM
Does warsh think there is a stronger correlation between the Fed balance sheet (blue) and inflation (green) than between the balance sheet and the Fed Funds rate (orange)?
Great map!
The Utah Historical Society just produced a new, excellent map of "The Peoples of North America in 1776." Great resource for anyone teaching, writing, presenting about Native peoples as part of their 250th work. america250.utah.gov/power-of-pla...
February 3, 2026 at 4:01 PM
Great map!
Reposted by Robert Armstrong
@robarmstrong.bsky.social framing it well on the other site:
February 2, 2026 at 7:23 PM
@robarmstrong.bsky.social framing it well on the other site:
Reposted by Robert Armstrong
Cars and Rocks - 1927
https://botfrens.com/collections/173/contents/3104422
https://botfrens.com/collections/173/contents/3104422
February 2, 2026 at 5:25 PM
Cars and Rocks - 1927
https://botfrens.com/collections/173/contents/3104422
https://botfrens.com/collections/173/contents/3104422
Reposted by Robert Armstrong
And here is @robarmstrong.bsky.social's take on Kevin Warsh and the big bet implicit in the incoming Fed's chair's views www.ft.com/content/057a...
Kevin Warsh: you have to make a bet
What comes after data dependence?
www.ft.com
February 2, 2026 at 7:02 AM
And here is @robarmstrong.bsky.social's take on Kevin Warsh and the big bet implicit in the incoming Fed's chair's views www.ft.com/content/057a...
This has to be bad for (a) the students qand (b) the banks who hire them. Burn in all down.
Depressing piece from @sindap.bsky.social
giftarticle.ft.com/giftarticle/...
Depressing piece from @sindap.bsky.social
giftarticle.ft.com/giftarticle/...
How elite college finance clubs pave the way to Wall Street
Early recruiting for careers in banking is forcing candidates to make big choices young
giftarticle.ft.com
January 29, 2026 at 7:35 PM
This has to be bad for (a) the students qand (b) the banks who hire them. Burn in all down.
Depressing piece from @sindap.bsky.social
giftarticle.ft.com/giftarticle/...
Depressing piece from @sindap.bsky.social
giftarticle.ft.com/giftarticle/...
Powell said this about increased dollar hedging yesterday: "We really don’t see much at all about that ... There’s just not a lot of data that suggests that there’s much to that."
Everyone I talk to in FX says *the opposite*
WEIRD
Everyone I talk to in FX says *the opposite*
WEIRD
January 29, 2026 at 4:04 PM
Powell said this about increased dollar hedging yesterday: "We really don’t see much at all about that ... There’s just not a lot of data that suggests that there’s much to that."
Everyone I talk to in FX says *the opposite*
WEIRD
Everyone I talk to in FX says *the opposite*
WEIRD
I discuss the futureof the Taco trade with my mentor and friend @johnauthers.bsky.social andf @davidgura.bsky.social:
open.spotify.com/episode/26TI...
open.spotify.com/episode/26TI...
Trump Keeps TACOing. What If Markets Stop Caring?
open.spotify.com
January 28, 2026 at 11:23 PM
I discuss the futureof the Taco trade with my mentor and friend @johnauthers.bsky.social andf @davidgura.bsky.social:
open.spotify.com/episode/26TI...
open.spotify.com/episode/26TI...
Reposted by Robert Armstrong
You could describe it as a flaw in Tolkiens writing that all the evil people are stupid assholes who just want to stab each other in the back and have no plans other than general evil, but it turns out that’s exactly what evil people are like, he got it completely correct.
January 28, 2026 at 5:53 PM
You could describe it as a flaw in Tolkiens writing that all the evil people are stupid assholes who just want to stab each other in the back and have no plans other than general evil, but it turns out that’s exactly what evil people are like, he got it completely correct.
Reposted by Robert Armstrong
PODCAST TIME.
1. Can TACO save the dollar?
2. Is Rieder better than Warsh and Hassett?
3. WTF is happening in Japan??
AND WE ARE NOMINATED FOR A PRESTIGIOUS AWARD!
Apple: podcasts.apple.com/us/podcast/t...
spotify: open.spotify.com/episode/0pAZ...
1. Can TACO save the dollar?
2. Is Rieder better than Warsh and Hassett?
3. WTF is happening in Japan??
AND WE ARE NOMINATED FOR A PRESTIGIOUS AWARD!
Apple: podcasts.apple.com/us/podcast/t...
spotify: open.spotify.com/episode/0pAZ...
TACO Can't Save The Dollar
Podcast Episode · GlobalData TS Lombard: Perkins Vs Beamish · 01/28/2026 · 39m
podcasts.apple.com
January 28, 2026 at 3:34 PM
PODCAST TIME.
1. Can TACO save the dollar?
2. Is Rieder better than Warsh and Hassett?
3. WTF is happening in Japan??
AND WE ARE NOMINATED FOR A PRESTIGIOUS AWARD!
Apple: podcasts.apple.com/us/podcast/t...
spotify: open.spotify.com/episode/0pAZ...
1. Can TACO save the dollar?
2. Is Rieder better than Warsh and Hassett?
3. WTF is happening in Japan??
AND WE ARE NOMINATED FOR A PRESTIGIOUS AWARD!
Apple: podcasts.apple.com/us/podcast/t...
spotify: open.spotify.com/episode/0pAZ...
Reposted by Robert Armstrong
Exceptional work by FT commentators here - h/t Niki Blasina, the author of this piece on millennial cringe and her pilgrimage to see the Backstreet Boys in concert www.ft.com/content/d50d...
January 28, 2026 at 3:35 PM
Exceptional work by FT commentators here - h/t Niki Blasina, the author of this piece on millennial cringe and her pilgrimage to see the Backstreet Boys in concert www.ft.com/content/d50d...
Reposted by Robert Armstrong
Reposted by Robert Armstrong
👂POD TIME👂
Me and @robarmstrong.bsky.social on gold + silver going cray cray
Featuring:
- fear! 😱
- greed! 🥳
- winter fashion ❄️
- Rob being wrong 😵
- bitcoin bros also being wrong 🤣
- Melania, the movie 🫣
www.ft.com/content/8f30...
Me and @robarmstrong.bsky.social on gold + silver going cray cray
Featuring:
- fear! 😱
- greed! 🥳
- winter fashion ❄️
- Rob being wrong 😵
- bitcoin bros also being wrong 🤣
- Melania, the movie 🫣
www.ft.com/content/8f30...
How does a gold rush end?
Gold and silver are racing to records. What could stop that?
www.ft.com
January 28, 2026 at 12:26 PM
👂POD TIME👂
Me and @robarmstrong.bsky.social on gold + silver going cray cray
Featuring:
- fear! 😱
- greed! 🥳
- winter fashion ❄️
- Rob being wrong 😵
- bitcoin bros also being wrong 🤣
- Melania, the movie 🫣
www.ft.com/content/8f30...
Me and @robarmstrong.bsky.social on gold + silver going cray cray
Featuring:
- fear! 😱
- greed! 🥳
- winter fashion ❄️
- Rob being wrong 😵
- bitcoin bros also being wrong 🤣
- Melania, the movie 🫣
www.ft.com/content/8f30...
It's suit and hiking boots weather
January 27, 2026 at 2:21 PM
It's suit and hiking boots weather
Reposted by Robert Armstrong
@robarmstrong.bsky.social had a good write-up about his historic bearishness on gold.
www.ft.com/content/d68e...
www.ft.com/content/d68e...
Trying to change our minds about gold
It’s not easy to rationalise the rally
www.ft.com
January 27, 2026 at 1:25 PM
@robarmstrong.bsky.social had a good write-up about his historic bearishness on gold.
www.ft.com/content/d68e...
www.ft.com/content/d68e...
Taco journalists: THERE CAN BE ONLY ONE
Hardly most important issue here, but apparently @texasmonthly.bsky.social has a *taco editor*, so I’ve just discovered a whole new life goal. nypost.com/2026/01/26/m...
Texas Monthly’s taco editor says ICE and local cops stopped him multiple times on same day, rattling award-winning food writer
José R. Ralat is a Dallas resident who is in charge of the section that reviews Mexican food and tacos for Texas Monthly magazine.
nypost.com
January 27, 2026 at 2:20 PM
Taco journalists: THERE CAN BE ONLY ONE
Reposted by Robert Armstrong
the local government theory of everything
January 22, 2026 at 2:24 PM
the local government theory of everything