banner
pauljdavies.bsky.social
Paul J Davies
@pauljdavies.bsky.social
5K followers 1.3K following 6.1K 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
Posts Media Videos Starter Packs
Pinned
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
2 11 21
pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 1h
BBC News following a segment on Sora and the amazing and dangerous fake videos it can create with a segment about how Dolly has posted a video where she says she’s fine really! 😱
pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 1h
Bunkers, Sean. Bunkers!
1 1
pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 1h
Proper exit. Slagging of potus in your obscure Spanish language column. Top marks!

www.bloomberg.com/news/article...
Goldman Banker Exits After Posts Against Trump, Spain’s Sánchez
Goldman Sachs Group Inc.’s co-head of Spain and Portugal is leaving the bank after he wrote scathing political articles about US President Donald Trump and Spanish Prime Minister Pedro Sánchez.
www.bloomberg.com
1 1 2
pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 5h
Always hear people talking about how they miss the golden days of a massive economic collapse where we all have nothing to do but free services for each other as we await death by starvation. Those were the days!
carlquintanilla.bsky.social
Carl Quintanilla @carlquintanilla.bsky.social · 7h
ANDREESSEN: Even if AI ends up destroying all the jobs, “the result would be hyper-deflation of prices, which is the thing that people miss. .. Things that today cost a lot of money will all of a sudden be cheap or free.”

@fortune.com
fortune.com/2025/10/08/b...
1 3
pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 6h
Sequel to Spike Jonze's "Her" sounds shit
petertl.bsky.social
Peter Thal Larsen @petertl.bsky.social · 6h
If this means his PR team stop emailing me his latest Linkedin posts, I'm all for it
I'm at a stage in life that has led me to want to share my insights and experiences, rather than keep them to myself. I’ve always found exchanges with my readers rewarding, and I wish I could do so more often. Over the last 35 years, I've written down nearly all my principles and criteria for making decisions. Now, thanks to rapid AI technology—and frankly, because it’s so cool—my AI team and I have developed Digital Ray. This tool allows me to speak with everyone who wishes to, for as long as they want, at any time. The first version of what I’m temporarily calling “Digital Ray” has been in beta testing for a few months now and is well-trained to converse about life and work as I would. If people allow it, it can also get to know them, making the conversations more personalized. That version had communications in text. This new version has been upgraded, allowing us to have voice conversations just like we would in a real conversation. You can use it any time, whether you’re exploring an idea, making a decision, or navigating a difficult situation, and wherever you are. Additionally, you can choose to have the audio transcribed and saved to your chat history after the conversation ends, allowing you to revisit it at any time. If you’re interested in joining this beta test, which I'm sure you will find interesting and I know will help me make this thing great, you can sign up below. For this beta round, we’re looking for individuals who will be active users of the tool and provide feedback. Sign up for the Digital Ray voice beta here: https://principles.com/AIBeta-signup
1 4
Reposted by Paul J Davies
pppgrifter.bsky.social
PPP Grifter @pppgrifter.bsky.social · 6h
Your chatGPT history is public. It’s not hidden. Just an FYI
Dude is cooked
2 3 13
pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 7h
Forget the tie, that silk scarf is pure Italo-house-techno-disco!
2
pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 7h
Mulling the potential scale of private credit involvement in factoring/supply chain/inventory/etc financing. Some work last year from Oliver Wyman (v bullish on growth opp'y in private asset-based lending broadly) suggests share fairly low in mkts that together are smaller than credit card debt
A bunch of bubbles of different sizes on a chart representing different kinds of debt and their size as a market in the US. The x-axis has growth rates and the y-axis has share held by non-banks. Bubbles for "supply chain" and "receivables, inventory, other ABL" sit on top of each other in the lower left. Each about half the size of the credit card bubble, with lowere growth rates and penetration by non-banks of roughly 20%, or less.
1 1 2
pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 7h
<Lip wobbles>

Can't I take someone with me....?
Email from FT Lex: Leave Britain Alone
2
Reposted by Paul J Davies
pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 15h
Britain and Europe have been on a long drive to squeeze VAT dodgers, helped by policies to cut the use of cash. Tether and other private sector stablecoins threaten this progress.

Why your plumber could soon ask to be paid in Tether>>
www.bloomberg.com/opinion/arti...
Chart showing the decline in missed VAT in the UK, down from 0.8% of GDP equivalent in 2005/6 to just 0.3% in 2021/22. Drop in missed VAT in Greece even more dramatic. From roughly 30% of expected revenue in the years before 2017 to about 11% in 2023. The EU total has fallen slightly from about 12% to just under 10% of expected revenue over the same period.
1 2 2
pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 13h
Unprofitable, sure... but No Revenue?? At all?! Wild!
duncanlamont2.bsky.social
Duncan Lamont @duncanlamont2.bsky.social · 13h
🫣 Profits are for wimps. Revenues are for losers. Ideas sell, not fundamentals

Over half the Nasdaq market is loss making. About 1-in-8 companies have no revenues

There are a lot more in these camps than in the past
1 1 3
pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 14h
What they've all learned I think is lessons from Elon in how hype and spinning up valuations helps you suck in money to spend on generating more hype...?

Nvidia and OpenAI's wave of circular deals is sparking fears that the AI boom is being artificially propped up. www.bloomberg.com/news/feature...
It's a diagram showing all the investment and sales connections between a bunch of chip, AI and cloud companies. There's too much in there to write in words, but essentially everyone's fortune is utterly dependent on everyone else's fortune.
1 1 1
pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 15h
It's the economy, stupid! Er accept the economy, that's the stupid, stupid!
1
pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 15h
Britain and Europe have been on a long drive to squeeze VAT dodgers, helped by policies to cut the use of cash. Tether and other private sector stablecoins threaten this progress.

Why your plumber could soon ask to be paid in Tether>>
www.bloomberg.com/opinion/arti...
Chart showing the decline in missed VAT in the UK, down from 0.8% of GDP equivalent in 2005/6 to just 0.3% in 2021/22. Drop in missed VAT in Greece even more dramatic. From roughly 30% of expected revenue in the years before 2017 to about 11% in 2023. The EU total has fallen slightly from about 12% to just under 10% of expected revenue over the same period.
1 2 2
pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 1d
Perfect.

m.youtube.com/watch?v=yhAS...
Hot Chip - Ready For The Floor
YouTube video by HotChipVEVO
m.youtube.com
pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 1d
Probably my favourite passage. This is different from Bitcoin Treasury Companies right? Totally different yes just as I thought.
Excerpt: AMD will give OpenAI warrants entitling it to buy up to 10 per cent of the company for just a cent a share, depending on their project hitting certain targets, including some linked to AMD's share price. AMD shares were worth nearly $204 when markets closed on Monday. If they keep rising, OpenAI could sell its stock to fund its spending on AMD's chips. "It's a pretty innovative structure, which didn't come lightly,' " AMD chief executive Lisa Su said on Monday. Also below the text a pic of Sam Altman looking like the fifth member of Hot Chip.
3 3 11
pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 1d
Maybe… maybe it’s just right under our noses.

on.ft.com/430W9ZO OpenAI’s computing deals top $1tn
OpenAI’s computing deals top $1tn
Partners including Nvidia, AMD and Oracle have signed up to Sam Altman’s huge bet on the future of artificial intelligence
on.ft.com
1 4
pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 1d
Eesh. There’s no aspect of this that looks at all good
dsquareddigest.bsky.social
Dan Davies @dsquareddigest.bsky.social · 1d
I don't want to get all Chesterton's Fence here, but if you don't understand that a "microscopic snail" is an indicator species that's protected for the health of the entire ecosystem, you probably shouldn't be forming "good relationships" with developers
www.theguardian.com/environment/...
Rachel Reeves clears planning blockage amid ‘good relationship’ with developer
Exclusive: Chancellor says 20,000 homes were being held up due to ‘some snails that are a protected species or something’
www.theguardian.com
1 3
Reposted by Paul J Davies
emcreditfund.bsky.social
EM_Credit_Fund @emcreditfund.bsky.social · 1d
***BREAKING: NVDIA DECIDES TO SELL CHIPS FOR 10% STAKE IN THE OTHER 499 S&P COMPANIES... SPX up 26% on the news
3 16
pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 1d
Oh I think they'd been campaigning on GSIB stuff quite consistently, if quietly for a while. But then Barr's Endgame made bank capital Box Office!
2
Reposted by Paul J Davies
pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 1d
Here's some #finreg 🍿. The US is protesting European banks' treatment of the eurozone as a single market. Of course it isn't. But the Americans have an ulterior motive: Their own problems in reforming Big Bank capital charges at home. @opinion.bloomberg.com >> www.bloomberg.com/opinion/arti...
US Banks Are Taking Aim at a European Weak Spot
All’s fair in love and politics — and international bank capital rules. US financial watchdogs are making mischief with European standards that give lenders relief by treating the euro zone as a singl...
www.bloomberg.com
3 2 5
pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 1d
genius. <applauds>
2
pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 1d
Just startling revelations all the way. Hard to believe it's not parody.
www.youtube.com/watch?v=tDmj...
1
pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 1d
Isn’t this also the fate of societies developing ever better info tech? Increasingly actual humans will be left to do only the jobs that machines cannot, cutting hair, turning down beds, assisting the elderly… or just being paid some UBI to exist.
pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 1d
There’s a wonderful Sam Altman podcast interview where he spends an inordinate amount of time talking about his favourite kind of note book and pen and describing in painful detail the advantages of this technology!
1 1