Central bank stockpiling gold and overthrowing the PM?

Nick Hubble and Sam Volkering examine how turmoil in the bond market is reshaping gold, bitcoin and AI – and ask whether corporate debt now offers better value than governments.

The British bond market is still kabuki theatre

Did the Bank of England’s quantitative tightening sink the Truss government? Or are higher bond yields an indictment of Labour’s economic mismanagement?

A chip in nine months is a meltup, not a meltdown

Hot Chips revealed an AI industry obsessed with speed – from Google’s new inference hardware to OpenAI designing its first custom chip in just nine months. Sam Volkering explains why accelerating productivity and a growing hardware shortage make him more bullish on the AI buildout, not less.