The FT’s Rob Armstrong sits down with Tim Harford, host of the podcast Cautionary Tales, to discuss Ponzi schemes, how they spiral out of control and what differentiates them from bubbles — and from Amazon. Plus, we go long pyramid schemes and short, as usual, crypto.
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Check out Tim’s podcast, Cautionary Tales, and the full story on Sam Israel’s Ponzi scheme here.
Read a transcript of this episode on FT.com
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Sam Bankman-Fried takes the stand
Why so down, S&P 500?
A massive GDP number
Is China a bargain right now?
FTX trial update
Japan’s new direction
Public problems for private equity
Three markets we’re watching
The Biden scorecard
The increasingly odd bond market
How high, and for how long?
The strong US dollar gets stronger
Well, actually: Our ‘Dumb Money’ movie review
Basis trade freakout (low key)
Bonus Interview: Robyn Grew, Man Group CEO
Three IPOs test the market
A Tale of Two Housing Markets
Big win for Big Crypto
Good job numbers and a bad attitude
The central bankers’ rodeo
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