money Archives

Friday

January 23, 2026

The subway deserves some respect

A few weeks before the end of the year, I was invited to a house party at which I had the misfortune of becoming embroiled in a conversation with a man I’ll call Joe, because his name was Joe and I don’t feel inclined to offer him the dignity of a pseudonym. There’s a theory I’ve corroborated since moving to New York in 2020. Every conversation at a party in this city eventually gravitates toward one of five subjects: traffic, the weather, real estate, sex or the mayor. The ultra-rich are among the subway’s most devoted riders Joe told me he works in finance (which he pronounced “fin-ants”) and it

Wednesday

January 21, 2026

Matthew Lynn

The golden rule: there’s no reason to stop buying precious metals

Last year might have proved a good time to own shares in the chip-maker Nvidia, along with the booming American tech giants. Or a piece of the defense manufacturers as the world re-arms. Or to hold a position in some of the rapidly growing economies of South America or Asia, or even one of the hyped-up crypto currencies. There were plenty of places investors expected to make money over the past year. As it turned out, however, there was one asset that outpaced them all, even though it generates no income: gold, and to an even greater extent, its junior sibling silver. With government debt soaring out of control, the

Saturday

December 13, 2025

Dot Wordsworth

What makes money ‘short?’

I heard on the wireless a reference to the growing number of small political parties getting funds from short money. I’m afraid I let it slide past me as one of the many things about money that I don’t understand. Short is an extremely productive element in English vocabulary. Short-haul journeys preceded by decades the invention of airplanes. The unlikely sounding shorthorn carrots have been with us since the 1830s. The Americans favor short hundredweights, which are only 100lb instead of the Imperial 112lb; worse, the standard ton is consequently a short ton of 2,000lb, a long way off the metric tonne, to which British tons approximate. The short-order cook