Paul J Davies
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pauljdavies.bsky.social
Paul J Davies
@pauljdavies.bsky.social
5.1K followers 1.3K following 6.5K posts

Has views on banking and finance for Bloomberg Opinion.
Just because you “like” something doesn’t mean you *like* something…
Money. Music. Books and Bad like really atrocious Jokes. Also #COYS

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Economics 14%
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pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · Apr 9
🧵 A massive sell-off in Treasury markets is threatening to turn Trump’s tariff war into full blown financial crisis. Hedge funds unwinding highly leveraged basis trades is fuel to these fire sales – that’s bad on its own, but these trades are much more important than just bets on markets.
Shadow Banks Are Too Big to Stay in the Shadows
Mega hedge funds are so critical to modern finance they should be regulated more like banks.
www.bloomberg.com

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 32m
Love how there's zero substitution for actuaries. Literally no one understands what they do!

Reposted by Paul Davies

aldasoro.bsky.social
Iñaki Aldasoro @aldasoro.bsky.social · 41m
The Rock is always surprised

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 1h
This about sums it up.

Rachel Reeves’ case of risky risk aversion www.ft.com/content/4737...
Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour. https://www.ft.com/content/47373348-1cd6-4932-b106-1d09d673aeca Yet one must also have great sympathy with Reeves’ critique of the governments that preceded hers. The mistimed and misshaped austerity from 2010, Brexit and, not least, the Liz Truss “mini” Budget are hard to forgive. But it is, alas, clear that this government does not have the nerve or, surprisingly, despite its apparently huge majority, even the ability to make radical pro-growth reforms. It is, as this Budget also shows, “Old Labour” in its attitudes to incentives and growth. Yes, investment matters. But it is not all that matters. The increases in the costs of hiring and the upcoming difficulties in firing are bound to affect both growth and jobs, precisely the things Labour professes to want.

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 2h
Just awful
Hong Kong police arrested three people from an engineering firm on suspicion of manslaughter after a deadly fire at a high-rise complex, which has also renewed scrutiny of the city’s use of bamboo scaffolding on major renovation projects www.bloomberg.com/news/article...
Hong Kong Arrests Three Over Deadly Blaze, Probes Bamboo Scaffolding
Hong Kong police have arrested three senior figures at an engineering firm after a deadly fire at a high-rise complex, a disaster that has intensified concerns about construction and renovation practi...
www.bloomberg.com

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 17h
From earlier today >> www.bloomberg.com/news/article...
Hong Kong Tower Fire Kills at Least 13, Xi Urges All-Out Effort
Hong Kong rescue workers are fighting to contain a major fire at a high-rise complex that’s killed at least 13 people and left potentially many more trapped, with Chinese President Xi Jinping urging a...
www.bloomberg.com

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 17h
This sounds horrific>

BBG: Hong Kong Leader Says 36 Dead, 279 Missing in High-Rise Fire

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 17h
Yeah, this really feels like a can-kicking, hope-that-something-turns-up budget!

Seeing is believing with government budgets, and backdated tax rises are fundamentally unconvincing, writes Marcus Ashworth @opinion.bloomberg.com
www.bloomberg.com/opinion/arti...
Reeves Budget Does Just Enough to Keep Markets at Bay
Given how UK Chancellor of the Exchequer Rachel Reeves’s budget presentation started — with the premature release of key data by the Office for Budget Responsibility and the tax increases she was read...
www.bloomberg.com

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 17h
And yet, remains edible...? Especially if toasted with some warm butter applied...??!
a cat with its mouth open is sitting on a couch .
Alt: a cat with its mouth open is sitting on a couch .
media.tenor.com

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 17h
So wrong.
a man standing next to a trash can with the words ding dong you 're wrong written on it
Alt: a man standing next to a trash can with the words ding dong you 're wrong written on it
media.tenor.com

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 18h
Dudley estimates the Fed will be buying about $200bn in treasury bills each year to keep reserves at the "ample" level >>
Money markets are acting up again, and those who say the Fed can provide a fix overlook two important points, says Bill Dudley www.bloomberg.com/opinion/arti...
A Smaller Fed Balance Sheet Is Bringing Its Own Problems
The Federal Reserve's balance sheet has shrunk from a peak of $8.97 trillion in April 2022 to $6.56 trillion as the central bank has unwound much of the Treasury and agency mortgage-backed security pu...
www.bloomberg.com

Reposted by Paul Davies

alexofbrown.bsky.social
Alexander Brown @alexofbrown.bsky.social · 21h
Relatable content from The Times

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 22h
On
Bloody
Reuters??????!!!!

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 22h
If the past is a guide to the future in prooductivity outcomes, then um £6bn deficit by 29/30..... eesh
duncanweldon.bsky.social Duncan Weldon @duncanweldon.bsky.social · 22h
The risks to the forecast, as the OBR sees them.

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 22h
Sorry, no idea!

Reposted by Paul Davies

duncanweldon.bsky.social
Duncan Weldon @duncanweldon.bsky.social · 22h
The risks to the forecast, as the OBR sees them.

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 23h
Um... hello companies of the AI infrastructure build out...?

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 23h
If you voluntarily leave cash in a savings account paying 0.2% in the internet age, then sorry but you should name and shame yourself. This is unbelievably easy to fix.

Reposted by Paul Davies

thetimes.com
The Times & Sunday Times @thetimes.com · 23h
The interest rates on offer from some banks come nowhere near the rate of inflation, so your cash is losing value every day writes George Nixon ⬇️
Named and shamed: The savings accounts paying as little as 0.2%
The interest rates on offer from some banks come nowhere near the rate of inflation, so your cash is losing value every day writes George Nixon
www.thetimes.com

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 23h
Oooooo, they're having a right Farmer Harmer Ding Dong!

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 23h
I've been to the liverpool street one a while back and the soho one a couple of weeks ago and was most pleased both times!

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 1d
Kolamba! Up the other end tho, Kingly Street.

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 1d
I think a key example you left out is the lack of agency among politicians to any longer build coherent *and lasting* coalitions of support. At all! Many explanations for this, but I think it began to fail after strategists started IDing and serving voter archetypes (mondeo man etc)

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 1d
This (apparently well-known) anecdote floored me when I read it a couple of weeks ago>>
The contents of a UK budget used to be confidential. So much so that a Labour chancellor of the exchequer, Hugh Dalton, felt obliged to resign in 1947 after letting slip a morsel to a friendly journalist while walking to the House of Commons. The juicy tidbits — a penny on beer, nothing on tobacco, horse racing spared but not betting on the dogs — caught the afternoon papers before he’d finished speaking to Parliament. He quit the next day.

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 1d
Obviously I mainly think this is a hopeless project that goes nowhere, but there is a small chance I guess that it we end up in a world where it becomes a kind of Mar-a-Lago for a Farage Premiership...

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 1d
Staying alive!
A pic of Robert Tchenguiz. Basically, he looks like a BeeGee.

Reposted by Paul Davies

colinelves.bsky.social
Colin Elves @colinelves.bsky.social · 1d
For the past couple of weeks I’ve been earning some extra Christmas cash delivering parcels and letters for Royal Mail, and here’s what I’ve learned:

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 1d
Everything about this... perfect
Currently, the building is in a tired state. It’s permeated by the smell of cigarettes emanating from the chain-smoking Tchenguiz’s office — under his plans, the Leconfield will have a private cigar terrace. The basic furniture will be replaced by wood paneling, marble, and boardroom tables. The fit-out is due to begin in January. “It’s a project of these times,” Truss told Bloomberg in Tchenguiz’s purple-carpeted office, packed with colorful glass figurines depicting scenes from the Torah and photos of a glowing Tchenguiz either on family holidays or accompanied by glamorous women. Her video gives a different spin: “The world’s most powerful minds are reshaping the way we work and connect.” For her and Tchenguiz, the Leconfield is emblematic of the future they want to create for the UK. Artificial intelligence will be built into the venture to track who’s in the building at any one time and recommend, through an app, which members might want to meet each other and what business ideas they could discuss. While Tchenguiz is adamant it won’t be a members’ club in the traditional sense — the focus is on business, rather than partying — it will include restaurants and bars. He is also working with the Mayo Clinic, the US hospital chain, to provide in-house health and wellness services.

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 1d
Truss *and* Tchenguiz you say...? With an investment opportunity?! Hahahahhahahahahahaaa
Liz Truss is back with an investment opportunity for the super-rich www.bloomberg.com/news/article...
Truss Is Back With an Investment Opportunity for the Super-Rich
This week, a selection of billionaires, diplomats and royalty will see a black lacquered box land on their desks. When opened, a tablet embedded in the lid plays a video from none other than Liz Truss...
www.bloomberg.com

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 1d
Camden council. Tick box morons.
It’s a picture of a mop in a bucket with a sticker on it that says: This is a fire hazard.

Reposted by Paul Davies

opinion.bloomberg.com
Bloomberg Opinion @opinion.bloomberg.com · 1d
Private credit, AI and the flightiness of wealthy individuals.

Blue Owl is caught in a trifecta of market worries, @pauljdavies.bsky.social explains 🎥