@paullangley.bsky.social
Prof. Economic Geography, Durham, UK.
Managing Editor @econsocjournal.bsky.social
Finance, money, FinTech, and more.
https://www.durham.ac.uk/staff/paul-langley/
@paullangley.bsky.socialThis story neglects the troubles of private equity. UK high streets are indeed struggling, but PE portfolios are also stuffed with assets they are struggling to offload www.ft.com/content/48b8... via @FT
@paullangley.bsky.socialDuring my career, I've researched two big financial crises in real time - the Asian crisis of late 1990s and the 'subprime'/global crisis of 2007-10. This kind of sharp reporting is usually only in mainstream circulation after crisis strikes. Not this time
giftarticle.ft.com/giftarticle/... via @FT
@econsocjournal.bsky.socialReposted by @paullangley.bsky.socialWe're delighted to announce the winner of our inaugural Early-Career Paper Prize is Oda Eide www.tandfonline.com/doi/full/10....
Oda will receive £1000 from the journal.
We're also delighted to announce that our Prize will now run on a biennial basis, with the next competition due to open shortly
@paullangley.bsky.social"Hedge funds' borrowing has tripled since 2020" and markets are a one way bet on AI. www.ft.com/content/d313... via @FT
@finandsoc.bsky.socialReposted by @paullangley.bsky.socialOut now: The first of two themed special issues. Part 1 opens with an agenda-setting article on technofinance by the editors and a key essay by @paullangley.bsky.social and @andrewleyshon.bsky.social on the disappearance of fintech. www.cambridge.org/core/journal...
@paullangley.bsky.socialThe biggest achievement on a difficult day: reversing the horrible Co-Pilot update on my employer's version of Outlook.
@paullangley.bsky.social@evgenymorozov.bsky.social
on fire in this piece
www.ft.com/content/bc17... via @FT
@paullangley.bsky.socialCapitalism (as we know it) is hurtling toward the crisis that everyone pretty much agrees is coming, in one way or another, and it is still easier for the media to fasten onto the idea of the extinction of humanity rather than the end of capitalism.
@edzitron.comReposted by @paullangley.bsky.socialFree newsletter: When will the AI bubble burst? When the money runs out. Raising debt for AI data centers is becoming untenable, infrastructure break-even points keep getting further away, and many of VC's AI investments look like dead money.
www.wheresyoured.at/dead-money/
@paullangley.bsky.socialGlobal finance is increasingly a one-way bet on a handful of companies. The hyperscalers (with likely exception of Oracle, which could be absorbed by the others) are now TBTF www.ft.com/content/00f9... via @FT
@paullangley.bsky.socialSouth Korea bets big on AI for all - www.ft.com/content/2c5e... via @FT
@paullangley.bsky.socialAlexa, tell Muse they're not coming in
@paullangley.bsky.socialAll surveys show most people don't want autonomous AI agents to run their lives, but the 'revolution' gets ever closer anyway. Next step will be platforms and apps that only work for people who use AI agents, enforcing uptake www.ft.com/content/e60b... via @FT
@paullangley.bsky.socialYes, sort of. It's the smallest and most leveraged hyperscaler, and it needs to scale-back
cepr.net/publications...
@paullangley.bsky.socialPleased to contribute a co-authored essay with @andrewleyshon.bsky.social to this project. Also looking forward to reading the rest of the contributions, and participating in debates over FinTech which they spark
@paullangley.bsky.socialI've been bleating about peak private equity for several years now - this piece sums up the problem pretty well. The bottom line is that PE doesn't work for investors, in addition to the damage it can do to portfolio firms, workers, communities and consumers www.ft.com/content/2b30... via @FT
@econsocjournal.bsky.socialReposted by @paullangley.bsky.socialSorry, Mr. President, 'SI' is already taken. It's the abbreviation we use for 'Special Issue', and we're always open to SI proposals that fall within the scope of our journal
@paullangley.bsky.socialHot on the heels of my keynote at @finandsoc.bsky.social Conference, hosted by Copenhagen Business School, which highlighted the importance of agentic payments to FinTech Capital ...
@paullangley.bsky.socialBig Tech uses guarantees to keep $300bn of AI exposure off balance sheets - www.ft.com/content/7f11... via @FT
@paullangley.bsky.social'Token burn' isn't a sustainable business model, despite recent rapid growth www.ft.com/content/96d0... via @FT
