Toby Nangle
@tobyn.bsky.social
FT Alphaville reporter. Ex-“veteran” fund manager. Resolution Foundation Assoc. Baring Foundation Trustee.
Another time-sink iso-city.com
ISOCITY — Metropolis Builder
A richly detailed isometric city builder. Build your metropolis and manage resources with cars, planes, helicopters, boats, trains, citizens, and more.
iso-city.com
January 29, 2026 at 4:19 PM
Another time-sink iso-city.com
Pretty time-sink
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globe.adsbexchange.com?icao=151fce
January 29, 2026 at 12:01 PM
Pretty time-sink
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Reposted by Toby Nangle
The Indonesia selloff is a reminder of the quiet power of index providers. When MSCI questions a market’s investability, capital can vanish fast. Benchmarks don’t just measure markets. They shape them. This was a theme in @robinwigglesworth.ft.com fab book "Trillions"
January 29, 2026 at 7:39 AM
The Indonesia selloff is a reminder of the quiet power of index providers. When MSCI questions a market’s investability, capital can vanish fast. Benchmarks don’t just measure markets. They shape them. This was a theme in @robinwigglesworth.ft.com fab book "Trillions"
Reposted by Toby Nangle
We got the former heads of international finance at both the Federal Reserve and the US Treasury to write a guest post for @alphaville.ft.com about what Trump is doing to the dollar.
They were … unimpressed. www.ft.com/content/0933...
They were … unimpressed. www.ft.com/content/0933...
Termites are slowly feasting away at the foundations of the dollar’s dominance
Chomp chomp chomp
www.ft.com
January 28, 2026 at 8:30 PM
We got the former heads of international finance at both the Federal Reserve and the US Treasury to write a guest post for @alphaville.ft.com about what Trump is doing to the dollar.
They were … unimpressed. www.ft.com/content/0933...
They were … unimpressed. www.ft.com/content/0933...
🚨 Japan’s finance ministry isn’t a massive macro hedge fund
www.ft.com/content/b88a...
www.ft.com/content/b88a...
Japan’s finance ministry isn’t a massive macro hedge fund
It’s just made hundreds of billions of dollars by accident
www.ft.com
January 28, 2026 at 6:16 PM
🚨 Japan’s finance ministry isn’t a massive macro hedge fund
www.ft.com/content/b88a...
www.ft.com/content/b88a...
🚨 When Yenterventions work
(sometimes too well) www.ft.com/content/c1e1...
(sometimes too well) www.ft.com/content/c1e1...
When Yenterventions work
If not now, yen?
www.ft.com
January 26, 2026 at 6:15 PM
🚨 When Yenterventions work
(sometimes too well) www.ft.com/content/c1e1...
(sometimes too well) www.ft.com/content/c1e1...
It’s not a huge fund. And secondary pricing is still @ a discount to the new NAV. But prob not what investors signed up for. www.bloomberg.com/news/article...
BlackRock Private Debt Fund Expects 19% Net Asset Value Cut
A BlackRock Inc. private debt fund expects to mark down the value of its net assets 19% after a string of troubled loans weighed on results.
www.bloomberg.com
January 23, 2026 at 10:28 PM
It’s not a huge fund. And secondary pricing is still @ a discount to the new NAV. But prob not what investors signed up for. www.bloomberg.com/news/article...
After Trump’s latest TACO @robarmstrong.bsky.social calls out Karoline Leavitt podcasts.apple.com/gb/podcast/u...
January 23, 2026 at 8:47 AM
After Trump’s latest TACO @robarmstrong.bsky.social calls out Karoline Leavitt podcasts.apple.com/gb/podcast/u...
🚨 About that weaponisation of European capital…
www.ft.com/content/452b...
www.ft.com/content/452b...
European pension funds: Assemble!
Or not. Up to you really
www.ft.com
January 22, 2026 at 7:37 AM
🚨 About that weaponisation of European capital…
www.ft.com/content/452b...
www.ft.com/content/452b...
Trump did everything right for the crypto industry. So how come his memecoin is down >90% from peak, and MelaniaCoin (or whatever it's called) has lost 99% asks @nikasgari.bsky.social www.ft.com/content/0012...
January 21, 2026 at 10:28 PM
Trump did everything right for the crypto industry. So how come his memecoin is down >90% from peak, and MelaniaCoin (or whatever it's called) has lost 99% asks @nikasgari.bsky.social www.ft.com/content/0012...
Reposted by Toby Nangle
IF ONLY THERE WAS A SNAPPY ACRONYM
January 21, 2026 at 8:24 PM
IF ONLY THERE WAS A SNAPPY ACRONYM
Finl mkts on POTUS chat
January 21, 2026 at 6:15 PM
Finl mkts on POTUS chat
Reposted by Toby Nangle
"The lies this administration is telling about Ms. Good aren’t those you deploy as part of a cover-up. They’re those you use when you want to show you can get away with anything. They’re a projection of power."
Important piece on ICE horrors by @radleybalko.bsky.social in today’s @nytimes.com www.nytimes.com/2026/01/21/o...
January 21, 2026 at 10:57 AM
"The lies this administration is telling about Ms. Good aren’t those you deploy as part of a cover-up. They’re those you use when you want to show you can get away with anything. They’re a projection of power."
Joined @robarmstrong.bsky.social to chat what finl mkts make of US plans to invade its allies. Bleak stuff. podcasts.apple.com/gb/podcast/u...
Trade wars, real wars and the markets
Podcast Episode · Unhedged · 20/01/2026 · 23m
podcasts.apple.com
January 21, 2026 at 9:49 AM
Joined @robarmstrong.bsky.social to chat what finl mkts make of US plans to invade its allies. Bleak stuff. podcasts.apple.com/gb/podcast/u...
🚨 Long-dated JGB yields breached 4% yesterday. Should we care? www.ft.com/content/d271...
Maybe we’re all doomed. Or maybe Japanese bonds are getting cheap
This is NOT investment advice
www.ft.com
January 21, 2026 at 7:55 AM
🚨 Long-dated JGB yields breached 4% yesterday. Should we care? www.ft.com/content/d271...
Yesterday's piece by @edwardluce.bsky.social is so searing, so sharp, so well-written. www.ft.com/content/dede...
America’s barbarians inside the gates
No ideological code can fully capture Trump’s actions
www.ft.com
January 21, 2026 at 7:46 AM
Yesterday's piece by @edwardluce.bsky.social is so searing, so sharp, so well-written. www.ft.com/content/dede...
Reposted by Toby Nangle
The US backed the Chagos Islands deal last year. The news today, if it can even be called news, is that deals with the current administration aren’t worth very much.
January 20, 2026 at 9:25 AM
The US backed the Chagos Islands deal last year. The news today, if it can even be called news, is that deals with the current administration aren’t worth very much.
Could Europe really leverage its $12.6tn pile of US assets?
NIIPing an outlandish idea in the bud
www.ft.com
January 19, 2026 at 11:42 AM
Reposted by Toby Nangle
Didn’t believe this was true but have checked and am told it was sent to the Norwegian government yesterday.
![NEW: @potus letter to @jonasgahrstore links @NobelPrize to Greenland, reiterates threats, and is forwarded by the NSC staff to multiple European ambassadors in Washington. I obtained the text from multiple officials:
Dear Ambassador:
President Trump has asked that the following message, shared with Prime Minister Jonas Gahr Støre, be forwarded to your [named head of government/state]
“Dear Jonas: Considering your Country decided not to give me the Nobel Peace Prize for having stopped 8 Wars PLUS, I no longer feel an obligation to think purely of Peace, although it will always be predominant, but can now think about what is good and proper for the United States of America. Denmark cannot protect that land from Russia or China, and why do they have a “right of ownership” anyway? There are no written documents, it’s only that a boat landed there hundreds of years ago, but we had boats landing there, also. I have done more for NATO than any other person since its founding, and now, NATO should do something for the United States. The World is not secure unless we have Complete and Total Control of Greenland. Thank you! President DJT”](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:hbpefio3f5csc44msmbgioxz/bafkreie7itpptx3xbxhpsnlaqmwk752h7pcrion5ija2apksljtax2adx4@jpeg)
January 19, 2026 at 7:23 AM
Didn’t believe this was true but have checked and am told it was sent to the Norwegian government yesterday.
Reposted by Toby Nangle
January 18, 2026 at 10:51 AM
Grade inflation in some UK universities? Lost myself in cool dataviz in great piece by @amyborrett.ft.com www.ft.com/content/6935...
January 17, 2026 at 11:38 AM
Grade inflation in some UK universities? Lost myself in cool dataviz in great piece by @amyborrett.ft.com www.ft.com/content/6935...
Reposted by Toby Nangle
British education in a nutshell
January 17, 2026 at 10:33 AM
British education in a nutshell
Reposted by Toby Nangle
I wonder about how seriously we should take one of the most interesting properties of LLMs ... backofmind.substack.com/p/everything...
everything I dislike is indefinably similar
the vector of nastiness
backofmind.substack.com
January 16, 2026 at 3:06 PM
I wonder about how seriously we should take one of the most interesting properties of LLMs ... backofmind.substack.com/p/everything...