Paul J Davies
@pauljdavies.bsky.social
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
Business
46%
Economics
14%
Pinned
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
🧵 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.
The crass stupidity of the bacon comment candidate has me seriously wondering about the consequences of the relatively low pay available for British politicians.
This lovely but utterly hopeless time warp of a jewelers in Camden High Street finally closed in <checks notes> early 2023! We still have the ramshackle vintage camera shop a few doors away that has been there since before I ever first came to Camden as a teenager.
Natural numbers are better numbers.
Makes perfect sense. Only eggheads cannot understand.
Makes perfect sense. Only eggheads cannot understand.
Apollo’s Marc Rowan Wants to School You in Private Credit
Marc Rowan is on a mission to redefine private credit. The future of the company he leads, Apollo Global Management Inc., could depend on his success — or failure.
www.bloomberg.com
On Monday, I wrote about Marc Rowan’s mission to redefine private credit to convince the world it’s safe. Apollo issued about $190bn of lending in the past 12 months — equivalent to almost 30% of the growth in loans and leases at all US banks.
www.bloomberg.com/opinion/arti...
www.bloomberg.com/opinion/arti...
Google’s Chess Master Is Working on AI's Killer App
You may have only recently heard about Demis Hassabis. He’s been named one of Time magazine’s “AI architects,” won a Nobel Prize for using the technology to predict protein folding and runs Google’s A...
www.bloomberg.com
Some of us on @opinion.bloomberg.com like to write profiles this time of year of people we think are approaching a critical moment in their careers or companies. Today @parmy.bsky.social on Google’s Demis Hassabis’s next big move >> www.bloomberg.com/opinion/arti...
Idk. You could’ve gone to Tesco without Kier Starmer!
one author whose books were a staple sight of my childhood that I never ever read
You have to travel back in time to the shabby old version of Camden market circa 1996 to source this crap and time travel ain’t cheap you know!
I have a comforting feeling that 2026 will be the year of “give em enough rope…”
Was thinking Michael Caine earlier but then remembered he is also being kept warm by Nolan.
I have to hear the views of you both on Nolan irl one day. I am still a fan. His films are increasingly preposterous but I still enjoy them immensely.
I have to hear the views of you both on Nolan irl one day. I am still a fan. His films are increasingly preposterous but I still enjoy them immensely.
I hope you’ll be listening to Chris Rea for entire parade!
John Wayne definitely (no bigger boomer screen hero surely), Burt Reynolds mostly and Clint Eastwood nearly… maybe different in America.
King and Queen’s former hunt filmed as hounds ‘chase fox’
King and Queen’s former hunt filmed as hounds ‘chase fox’
www.thetimes.com
See when you put “chase fox” in quotes in the headline you just make me think the whole story is bullshit before I even look.
Reposted by Paul Davies
King and Queen’s former hunt filmed as hounds ‘chase fox’
www.thetimes.com
King and Queen’s former hunt filmed as hounds ‘chase fox’
Fatberg weighing 100 tonnes discovered in east London sewer
Mass of congealed fat, oil and grease 100 metres in length found blocking sewers in Whitechapel area of capital
www.theguardian.com
“The latest fatberg, which has been found in the Whitechapel area of the capital, has led Thames Water to urge people to think carefully about what they pour down sinks and flush over the festive period.”
Aka Don’t fckin pour cooking oil down the plug hole!
www.theguardian.com/uk-news/2025...
Aka Don’t fckin pour cooking oil down the plug hole!
www.theguardian.com/uk-news/2025...
They sell individual annuities. To people.
Just like a kind of museum isn’t it? Crossed with a kind of tourist/leisure thing? Definitely can be run by a charity.
But everyone will be friends or family in all will get pre-pardons
Tories call EHRC chair’s comments a ‘disgrace’ after she warns ‘demonisation of migrants’ bad for UK – politics live
Chris Philp says Mary-Ann Stephenson is dismissing ‘legitimate concerns about mass migration’
www.theguardian.com
Of course he did. “This morning Chris Philp, the shadow home secretary, went further.”
Tories call EHRC chair’s comments a ‘disgrace’ after she warns ‘demonisation of migrants’ bad for UK – politics live
www.theguardian.com/politics/liv...
Tories call EHRC chair’s comments a ‘disgrace’ after she warns ‘demonisation of migrants’ bad for UK – politics live
www.theguardian.com/politics/liv...
Apollo cuts risk and stockpiles cash in preparation for market turmoil
Marc Rowan tells investors firm is positioning itself for when ‘something bad happens’
www.ft.com
Related: Very auspicious timing for this bit of news about Apollo increasing the liquidity and defensiveness of its balance sheet in the FT >>
Apollo cuts risk and stockpiles cash in preparation for market turmoil
www.ft.com/content/b315...
Apollo cuts risk and stockpiles cash in preparation for market turmoil
www.ft.com/content/b315...
Day 6 of the 13 Days of Predictions from @breakingviews.reuters.com: Here’s @liamproud.bsky.social explaining why a White House crypto bailout is on the cards.
www.reuters.com/commentary/b...
www.reuters.com/commentary/b...
Breakingviews - Donald Trump will bail out crypto holders in 2026
Digital tokens like bitcoin gained $1.2 trln in value in the 12 months after the US president won re-election. If a major stablecoin or exchange fails, the president has strong political and financial...
www.reuters.com
lol! It’s funny because it’s true. Personally far from convinced that a crypto crash would be at all systemic but that doesn’t mean a supine Fed wouldn’t answer the call.
Reposted by Paul Davies
Breakingviews - Donald Trump will bail out crypto holders in 2026
Digital tokens like bitcoin gained $1.2 trln in value in the 12 months after the US president won re-election. If a major stablecoin or exchange fails, the president has strong political and financial...
www.reuters.com
Day 6 of the 13 Days of Predictions from @breakingviews.reuters.com: Here’s @liamproud.bsky.social explaining why a White House crypto bailout is on the cards.
www.reuters.com/commentary/b...
www.reuters.com/commentary/b...
I’m not saying it’s no big deal. And how am I encouraging anyone to kill themself? It’s a proscription that should never have been made imo and it’s why this is happening - the extreme overreaction has generated the much wider sympathy and profile that might have encouraged the hunger strike.
He blew up a damn? In Castle
Combe? 😂
Combe? 😂
I mean maybe…? It’s an extremely gruelling and horrible thing to go through, which is why it’s so rare. And it’s not even changing the law it’s just deproscribing a single organisation. These people are still going to jail for a long time for serious criminal damage and assault or more serious chg
The government removing their objection ought to be enough to meet the ask. The process after that is the process - if they want to strike against simple bureaucracy that would be foolish in the extreme.
Surely only number 5 is reasonably unmeetable (and maybe the stuff about releasing a load of commercial docs from Elbit under the one on “censorship”). The rest is just downstream of their terrorist designation?
Reposted by Paul Davies
Also: "Internal Tricolor discussions ... about how to assign blame to the company’s lenders, using as a playbook the litigation that arose out of the collapse of Enron ... Chu and Goodgame studied the Enron precedent by quizzing Grok"
Apollo-Athene is a bank, the question is what kind? Marc Rowan’s firm has evolved rapidly and it’s now a seriously material lender in the US. More than half its funding is from mom-n-pop savers. I think it’s crucial to understand it better. @opinion.bloomberg.com
www.bloomberg.com/opinion/arti...
www.bloomberg.com/opinion/arti...
I think the advice coming in (as in much of east asia) is wear a mask if *you are carrying a virus*.
Wingnuts screaming: sneeze on me the natural way you coward commie!
Sure dude. Happy to.
Wingnuts screaming: sneeze on me the natural way you coward commie!
Sure dude. Happy to.