Introducing the JC’s new Difference Engine

A neat way of comparing things on the fly

Happy Sunday, folks — as usual I am deep in the weeds and well overdue on a newsletter — it started as a cheeky riff on securitisation and has become this total monster that pulls in Dad’s Army, David Bowie, regulatory capital, the Global Financial Crisis and Margaret Thatcher’s role in it. It involves mashups, puns, handwaving and the usual nonsense an…