Dan Hinge
@danhinge.bsky.social
Benchmarks editor at Central Banking - covering economics, data and the BIS. Short stories published by Liars' League and Every Day Fiction
📚📰🚲🍲🏃🥾
Signal: @danhinge.89
https://www.centralbanking.com/author/daniel-hinge
📚📰🚲🍲🏃🥾
Signal: @danhinge.89
https://www.centralbanking.com/author/daniel-hinge
If my back-of-the-envelope maths is right, the bitcoin crash this year has wiped out about a third of Tether's net equity. Have I got a decimal place wrong? That seems nuts. Latest disclosure data here: tether.to/en/transpare...
Tether – Official Home of TetherTransparency
tether.to
February 11, 2026 at 6:06 PM
If my back-of-the-envelope maths is right, the bitcoin crash this year has wiped out about a third of Tether's net equity. Have I got a decimal place wrong? That seems nuts. Latest disclosure data here: tether.to/en/transpare...
Super interesting FSB report out today with data on the repo market. Check out those haircuts - nearly three quarters at zero and 7% negative. Fill yer boots, as much leverage as you like!
www.fsb.org/uploads/P040...
www.fsb.org/uploads/P040...
February 4, 2026 at 11:28 AM
Super interesting FSB report out today with data on the repo market. Check out those haircuts - nearly three quarters at zero and 7% negative. Fill yer boots, as much leverage as you like!
www.fsb.org/uploads/P040...
www.fsb.org/uploads/P040...
Reposted by Dan Hinge
this is not about current events.
it's a bit about Hamnet and a lot about how hard it is to write about things that are too tender and sacred for language, and how the internet of video might make harder.
it's just about art, if you want some art today.
naomialderman.substack.com/p/we-have-th...
it's a bit about Hamnet and a lot about how hard it is to write about things that are too tender and sacred for language, and how the internet of video might make harder.
it's just about art, if you want some art today.
naomialderman.substack.com/p/we-have-th...
we have that within which passes show
on the post-literate world, the crassness of language and why Hamnet was always going to be hard to film. plus! what is 'just enough internet'? and the stationery renaissance
naomialderman.substack.com
January 25, 2026 at 8:08 AM
this is not about current events.
it's a bit about Hamnet and a lot about how hard it is to write about things that are too tender and sacred for language, and how the internet of video might make harder.
it's just about art, if you want some art today.
naomialderman.substack.com/p/we-have-th...
it's a bit about Hamnet and a lot about how hard it is to write about things that are too tender and sacred for language, and how the internet of video might make harder.
it's just about art, if you want some art today.
naomialderman.substack.com/p/we-have-th...
Reposted by Dan Hinge
Mark Carney's speech really is terrific: full text is here and very much worth your time.
The Carney doctrine
Open comment thread on the PM's Davos speech
paulwells.substack.com
January 20, 2026 at 5:52 PM
Mark Carney's speech really is terrific: full text is here and very much worth your time.
Reposted by Dan Hinge
Powell‘s words are clear and chilling.
The Fed can’t defend itself from the White House. The Senate and the courts will have to step up. Will they?
The Fed can’t defend itself from the White House. The Senate and the courts will have to step up. Will they?
"This is about whether the Fed will be able to continue to set interest rates based on evidence and economic conditions—or whether instead monetary policy will be directed by political pressure or intimidation."
Video message from Federal Reserve Chair Jerome H. Powell:
www.youtube.com/watch?v=KckG...
www.federalreserve.gov/newsevents/s...
www.youtube.com/watch?v=KckG...
www.federalreserve.gov/newsevents/s...
January 12, 2026 at 3:01 AM
Powell‘s words are clear and chilling.
The Fed can’t defend itself from the White House. The Senate and the courts will have to step up. Will they?
The Fed can’t defend itself from the White House. The Senate and the courts will have to step up. Will they?
It's somehow both extraordinary that the Fed has put out this statement and that it has waited so long to fight back in public
January 12, 2026 at 7:24 AM
It's somehow both extraordinary that the Fed has put out this statement and that it has waited so long to fight back in public
Reposted by Dan Hinge
Institutions can, in fact, stand up to the President.
Video message from Federal Reserve Chair Jerome H. Powell:
www.youtube.com/watch?v=KckG...
www.federalreserve.gov/newsevents/s...
www.youtube.com/watch?v=KckG...
www.federalreserve.gov/newsevents/s...
Statement by Federal Reserve Chair Jerome H. Powell
YouTube video by Federal Reserve
www.youtube.com
January 12, 2026 at 3:19 AM
Institutions can, in fact, stand up to the President.
Reposted by Dan Hinge
Video message from Federal Reserve Chair Jerome H. Powell:
www.youtube.com/watch?v=KckG...
www.federalreserve.gov/newsevents/s...
www.youtube.com/watch?v=KckG...
www.federalreserve.gov/newsevents/s...
Statement by Federal Reserve Chair Jerome H. Powell
YouTube video by Federal Reserve
www.youtube.com
January 12, 2026 at 12:35 AM
Video message from Federal Reserve Chair Jerome H. Powell:
www.youtube.com/watch?v=KckG...
www.federalreserve.gov/newsevents/s...
www.youtube.com/watch?v=KckG...
www.federalreserve.gov/newsevents/s...
Reposted by Dan Hinge
Y’all look like you a need a break from the news cycle. Why not read our new Bulletin on the how the financing of the AI boom is shifting from cash flow to debt financing!?
www.bis.org/publ/bisbull...
www.bis.org/publ/bisbull...
Financing the AI boom: from cash flows to debt
www.bis.org
January 7, 2026 at 12:27 PM
Y’all look like you a need a break from the news cycle. Why not read our new Bulletin on the how the financing of the AI boom is shifting from cash flow to debt financing!?
www.bis.org/publ/bisbull...
www.bis.org/publ/bisbull...
Reposted by Dan Hinge
In case you weren't aware, yes, it is mandatory to read this George Saunders story today 📚 💙https://www.newyorker.com/magazine/2011/10/31/tenth-of-december
“Tenth of December”
“Wasn’t overcoming this feeling of fear what truly distinguished the brave?”
www.newyorker.com
December 10, 2025 at 5:47 PM
In case you weren't aware, yes, it is mandatory to read this George Saunders story today 📚 💙https://www.newyorker.com/magazine/2011/10/31/tenth-of-december
Reposted by Dan Hinge
As a journalist you’re always looking for ways to sum up the now, but the story is really often more incremental. This is from a Derbyshire county council paper. I was, inevitably, looking for “library to close” or “doge identified £Xm”, but the starting point is at least as important
December 4, 2025 at 10:18 PM
As a journalist you’re always looking for ways to sum up the now, but the story is really often more incremental. This is from a Derbyshire county council paper. I was, inevitably, looking for “library to close” or “doge identified £Xm”, but the starting point is at least as important
Strongly believe in this kind of thing, which incidentally is a major theme of Pullman's The Rose Field, which I'm reading atm. Destroy the arts and you lose the ability to see the connections between all things.
December 2, 2025 at 11:03 AM
Strongly believe in this kind of thing, which incidentally is a major theme of Pullman's The Rose Field, which I'm reading atm. Destroy the arts and you lose the ability to see the connections between all things.
Great piece on the demise of Zipcar. I was surprised yesterday to receive an email from them saying they were closing down in London, but it seems I'm one of many who used to use them and now don't
Among other issues with Zipcar's model in London: Having to negotiate individually with 32 boroughs, some of which charged thousands of pounds per car. Meanwhile, Croydon council outsourced much of their employee car fleet to Zipcar and may be a bit screwed. www.londoncentric.media/p/zipcar-lon...
Why Zipcar gave up on London
The car-sharing scheme was hit by rapidly increased costs, a new congestion charge, and a lack of support from councils.
www.londoncentric.media
December 2, 2025 at 9:01 AM
Great piece on the demise of Zipcar. I was surprised yesterday to receive an email from them saying they were closing down in London, but it seems I'm one of many who used to use them and now don't
Interesting mention from the BoE here that a unified ledger might work better than synchronisation for atomic settlement at large scale. But UL remains more challenging from a governance perspective www.centralbanking.com/fintech/7974...
Synchronisation can support tokenised securities settlement – BoE - Central Banking
But central bank says it is unclear whether it outperforms unified ledger
www.centralbanking.com
December 1, 2025 at 5:30 PM
Interesting mention from the BoE here that a unified ledger might work better than synchronisation for atomic settlement at large scale. But UL remains more challenging from a governance perspective www.centralbanking.com/fintech/7974...
What is the "atomic fact" of economics? Interesting suggestions in Unhedged, here's my stab:
Technology and institutions are the basis of improved welfare.
www.ft.com/content/e196...
Technology and institutions are the basis of improved welfare.
www.ft.com/content/e196...
The essence of economics
Why write about markets at all?
www.ft.com
December 1, 2025 at 1:42 PM
What is the "atomic fact" of economics? Interesting suggestions in Unhedged, here's my stab:
Technology and institutions are the basis of improved welfare.
www.ft.com/content/e196...
Technology and institutions are the basis of improved welfare.
www.ft.com/content/e196...
Life insurers are now more systemically important and more exposed to liquidity risk, BIS's Gaston Gelos and Frank Packer write in a piece for CB www.centralbanking.com/central-bank...
The life insurance industry’s transformation: financial stability implications - Central Banking
Gaston Gelos and Frank Packer examine an industry that is increasingly complex and interconnected
www.centralbanking.com
November 26, 2025 at 1:37 PM
Life insurers are now more systemically important and more exposed to liquidity risk, BIS's Gaston Gelos and Frank Packer write in a piece for CB www.centralbanking.com/central-bank...
Reposted by Dan Hinge
Why the two-child limit has to go, in a chart.
November 25, 2025 at 4:28 PM
Why the two-child limit has to go, in a chart.
CNB governor Aleš Michl spoke to us about the central bank's bitcoin-buying experiment. The CNB is not looking to “simulate reality”, but to “touch it”, he said.
www.centralbanking.com/central-bank...
www.centralbanking.com/central-bank...
CNB digital asset portfolio is about real learning, says Michl - Central Banking
Governor says bank is not looking to simulate reality but ‘touch it’ with experimental bitcoin holding
www.centralbanking.com
November 25, 2025 at 5:29 PM
CNB governor Aleš Michl spoke to us about the central bank's bitcoin-buying experiment. The CNB is not looking to “simulate reality”, but to “touch it”, he said.
www.centralbanking.com/central-bank...
www.centralbanking.com/central-bank...
Dog and frisbee fans may enjoy this new paper out of the BIS www.bis.org/fsi/fsibrief...
Revisiting the regulatory capital stack
The post-Great Financial Crisis regulatory reforms have directly contributed to a more resilient financial system and supported sustainable growth, but some concrete aspects can be improved. The compl...
www.bis.org
November 25, 2025 at 2:23 PM
Dog and frisbee fans may enjoy this new paper out of the BIS www.bis.org/fsi/fsibrief...
We timed the launch to coincide with our autumn conference, which is currently taking place in the famously Spanish-speaking nation of [checks notes] Brazil
I am pleased/slightly apprehensive to announce that we have found the button that activates Spanish mode on our website: www.centralbanking.com/es-la
buzz lightyear and jessie are standing next to each other in the dark .
Alt: Buzz Lightyear in Spanish mode dancing around Jessie
media.tenor.com
November 20, 2025 at 12:24 PM
We timed the launch to coincide with our autumn conference, which is currently taking place in the famously Spanish-speaking nation of [checks notes] Brazil
I am pleased/slightly apprehensive to announce that we have found the button that activates Spanish mode on our website: www.centralbanking.com/es-la
buzz lightyear and jessie are standing next to each other in the dark .
Alt: Buzz Lightyear in Spanish mode dancing around Jessie
media.tenor.com
November 20, 2025 at 12:23 PM
I am pleased/slightly apprehensive to announce that we have found the button that activates Spanish mode on our website: www.centralbanking.com/es-la
Europe's banks had their chance to challenge Visa/Mastercard and blew it - that's one reason the digital euro is going ahead. So I don't have much sympathy with their griping now... www.ft.com/content/fe65...
Europe’s battle for control of its money
Banks fear ECB plans for a digital euro will undermine a European alternative to Visa, Mastercard and PayPal
www.ft.com
November 19, 2025 at 5:06 PM
Europe's banks had their chance to challenge Visa/Mastercard and blew it - that's one reason the digital euro is going ahead. So I don't have much sympathy with their griping now... www.ft.com/content/fe65...
Shift out of dollars mostly reflects hedging rather than outright asset sales, BIS's Tombini says www.centralbanking.com/central-bank...
Dollar remains king for now, says Tombini - Central Banking
BIS Americas chief tells Central Banking Autumn Meetings of lessons from events of past year
www.centralbanking.com
November 19, 2025 at 4:40 PM
Shift out of dollars mostly reflects hedging rather than outright asset sales, BIS's Tombini says www.centralbanking.com/central-bank...
New channel of monetary policy transmission just dropped - cost of carry www.bankofengland.co.uk/working-pape...
Inventories matter for the transmission of monetary policy: uncovering the cost-of-carry channel
Staff working papers set out research in progress by our staff, with the aim of encouraging comments and debate.
www.bankofengland.co.uk
November 17, 2025 at 9:26 AM
New channel of monetary policy transmission just dropped - cost of carry www.bankofengland.co.uk/working-pape...