Paul J Davies
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pauljdavies.bsky.social
Paul J Davies
@pauljdavies.bsky.social
5.1K followers 1.3K following 6.3K 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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Business 46%
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 · 15h
Sounds like they will tax *and* spend
pippacrerar.bsky.social Pippa Crerar @pippacrerar.bsky.social · 16h
NEW: Rachel Reeves signals she intends to remove the two-child cap *in full*

"I don't think a child should be penalised because they're in a bigger family through no fault of their own," she tells BBC.

Reposted by Steve Peers, Paul Davies, Jonathan Hopkin , and 1 more

pippacrerar.bsky.social
Pippa Crerar @pippacrerar.bsky.social · 16h
NEW: Rachel Reeves signals she intends to remove the two-child cap *in full*

"I don't think a child should be penalised because they're in a bigger family through no fault of their own," she tells BBC.

Reposted by Jonathan Portes, Ben H. Ansell, Steve Peers , and 8 more

robertshrimsley.bsky.social
Robert Shrimsley @robertshrimsley.bsky.social · 18h
The fact that the BBC has made serious culpable errors does not negate the point that there is a real and concerted right-wing media campaign to destroy it. Both points can be true at the same time and the campaign would not end even if the errors did.

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 19h
It was a junior analyst at Waterfall Asset Management, a lender into the JPMorgan-run warehousing facility, who first questioned Tricolor’s loan data and collateral - ie. not the bank’s own diligence…

Inside Tricolor’s Frantic Collapse
www.bloomberg.com/news/feature...
Tricolor's Frantic End Was Sparked by a Phone Call From JPMorgan
Daniel Chu was in Italy, a world away from the sweltering Texas car lots he had built his fortune on, when his phone lit up.
www.bloomberg.com

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 21h
What strikes me most about this is it's a perfect example of "wrong-way risk". The debt that's issued gets paid back if the stock rallies and the PE sells more into the market. The lender gets hung with the stock if it slides; they'll want to sell that collateral into a falling market. Woah, death!

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 21h
New magic money box! Private equity firms are using special vehicles to hold stakes of companies they've listed and which can issue PIK debt to raise cash to pay distributions to PE investors>> www.bloomberg.com/news/article...
Private Equity Is Finding New Ways to Cash Out After IPOs
Private equity firms are facing a double dilemma. IPO markets, the usual path for exiting investments, have been gradually reopening, but not enough for them to cash out completely. Option B for getti...
www.bloomberg.com

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 21h
Pretty fair this, I think >> To fix the BBC, focus on competence and cash from @stephenkb.bsky.social www.ft.com/content/676c...
To fix the BBC, focus on competence and cash
Corporation fails to learn from criticism, while politicians have consciously reduced its scope for quality journalism
www.ft.com

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 22h
Britain's finance minister wants everyone to make painful sacrifices in her budget. Most retired people will get a pass, writes @lararhiannon.bsky.social www.bloomberg.com/opinion/arti...
Pampered Baby Boomers Have Europe in a Choke Hold
“If we’re to build the future of Britain together, we’ll all have to contribute.” These stirring words of national esprit de corps came from UK Chancellor of the Exchequer Rachel Reeves last week, as ...
www.bloomberg.com

Reposted by Paul Davies

bondhack.ft.com
Robert Smith @bondhack.ft.com · 22h
So make no mistake, this is a coordinated assault on one of the cornerstones of British civic life from people who want to weaken our democracy. Sadly, the BBC is so cowed it will actively abet them in its own destruction.

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 2d
I’m going to stuck on this for days. There is no answer to the question sacred tradition or nostalgic evasion? What can you let go and what more do you lose?
From: On Giving Up by Adam Phillips.
The Crow in fact gave up their Sun Dance around 1875, about a decade before they were moved into their reservation. 'One needs to recognize the destruction,' Lear writes, 'if one is to move beyond it. In the abstract, there is no answer to the question: is the Sun Dance the maintenance of a sacred tradition or is it a nostalgic evasion?' We should consider, as Lear begins to do, what not giving up would have entailed. The options seem stark: mourning the Sun Dance (what Lear, as a psychoanalyst, calls recognizing the destruction in order to move beyond it); or simply maintaining a sacred tradition even though the dance has lost all its practical and sacred function, and therefore runs the risk of degenerating into the self-parody of nostalgia. Why not give it up? If this was a quantitative question, which it isn't, we might ask how much we can bear to lose, or give up. Or, more simply: how can giving up be redescribed, and with a view to what exactly? There is pragmatism - redescription in the service of an appealing or at least viable future - or mourning, a felt relinquishing of the past in the hope of more life emerging. Pragmatism or mourning?

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 2d
Cringemetal

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 2d
I did briefly try to take student politics seriously but the one proper meeting I went to I heard a young man give an overlong speech about rising library late fees which he rounded off by chanting lyrics from Rage Against the Machine: Fck you I won’t do what you tell me!

Never went back.

Reposted by Anne Applebaum, Anna O. Law, Lisa W. Fazio , and 17 more

thedailyshow.com
The Daily Show @thedailyshow.com · 3d
New York millionaires: threatening to flee the city since 2009

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 3d
Where are we extracting physical and labour resources from and at what cost? And where is the excess, waste matter and by products of our consumption going and how can we minimise those?

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 3d
Fascinating debate in various threads under here but just leaves me thinking we ought to be far more concerned with effects of our consumption, production and policies on other parts of the world today than 100+ years ago.
stephenkb.bsky.social Stephen Bush @stephenkb.bsky.social · 3d
This debate always makes me worry there’s something a bit wrong with me in that I don’t think the past is something you should draw pride or shame from. I have benefited from the British empire more than most Brits, but ultimately I am *not* my maternal great-great-great-grandfather!
sundersays.bsky.social Sunder Katwala (sundersays) @sundersays.bsky.social · 3d
On binary questions about Britain's colonial past, the median is Neither/Don't Know. (There are more constructive conversations than this which can unlock 75% common ground: teach it all, including the complexity and controversy)

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 3d
The critter-shaped container! @secondmentions.bsky.social
cavandy.bsky.social Vandy, C.A. @cavandy.bsky.social · 3d
Starbucks’ Viral Bear Cup Is Causing Mayhem: ‘I Will Fight You for It’

The critter-shaped container is already being resold for hundreds of dollars $SBUX
Starbucks’ Viral Bear Cup Is Causing Mayhem: ‘I Will Fight You for It’ — TODAY
The critter-shaped container is already being resold for hundreds of dollars.
apple.news

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 3d
Proper breakbeat thing

Reposted by Paul Davies

cavandy.bsky.social
Vandy, C.A. @cavandy.bsky.social · 3d
Starbucks’ Viral Bear Cup Is Causing Mayhem: ‘I Will Fight You for It’

The critter-shaped container is already being resold for hundreds of dollars $SBUX
Starbucks’ Viral Bear Cup Is Causing Mayhem: ‘I Will Fight You for It’ — TODAY
The critter-shaped container is already being resold for hundreds of dollars.
apple.news

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 3d
Been thinking now about how this quantitative measures versus qualitative judgement is also true (and often an issue) within banks as well as in terms of regulation. AI makes this worse…

Reposted by Steve Peers, Paul Davies, Andrew Curry

stephenkb.bsky.social
Stephen Bush @stephenkb.bsky.social · 3d
This debate always makes me worry there’s something a bit wrong with me in that I don’t think the past is something you should draw pride or shame from. I have benefited from the British empire more than most Brits, but ultimately I am *not* my maternal great-great-great-grandfather!
sundersays.bsky.social Sunder Katwala (sundersays) @sundersays.bsky.social · 3d
On binary questions about Britain's colonial past, the median is Neither/Don't Know. (There are more constructive conversations than this which can unlock 75% common ground: teach it all, including the complexity and controversy)

Reposted by Paul Davies

smtuffy.bsky.social
Tuffy @smtuffy.bsky.social · 3d
This is a wicked good piece on the growing transatlantic divergence in banking supervision and the limits of metrics based reporting www.ft.com/content/b12c...
Numbers vs more judgment: the US-Europe regulatory divide widens
Cuts to the Fed’s supervisory staff reflect a particularly American approach to financial oversight
www.ft.com

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 3d
It's such a peculiar mixture of modern trends... like an AI selected the elements from a word cloud

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 3d
@parmy.bsky.social weekend essay >> Tim Berners-Lee dreamed of a World Wide Web for everyone. Nick Clegg and Meta had different ideas. In new books, both ignore how profit undermined the internet. www.bloomberg.com/news/article...
The Men Who Shaped the Internet Won’t Be Able to Fix It
Tim Berners-Lee dreamed of a World Wide Web for everyone. Nick Clegg and Meta had different ideas. In new books, both ignore how profit undermined the internet.
www.bloomberg.com

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 3d
Advanced Inhalation Rituals, formerly Al-Eqbal Investment Co... Nearly 12-times EV-to-ebitda... woah that's some strong stuff, Snoop.
AIR, the owner of hookah brand Al Fakher, is planning to list in the US in the first half of next year www.bloomberg.com/news/article...
Dubai Hookah Maker AIR to Go Public in Merger With Cantor SPAC
AIR Ltd., the owner of hookah brand Al Fakher, is planning to list in the US in the first half of next year through a merger with a blank check vehicle backed by Cantor Fitzgerald.
www.bloomberg.com

Reposted by Paul Davies

whatafuckingrecord.bsky.social
WHAT A FUCKING RECORD @whatafuckingrecord.bsky.social · 4d
31
BABY D LET ME BE YOUR FANTASY

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 4d
But the Frontier Models aren't borrowing answers from each other or putting tricky inquiries into off-platform Special Purpose Chat Windows... Or are they?!

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 4d
Unexpected outbreak of common sense!

BBG: David Sacks: There will be no federal bailout for AI. The U.S. has at least 5 major frontier model companies. If one fail...

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 4d
I have it on a seven inch from when I was a child and it is among my most treasured possessions!

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 4d
Definitely one in here for you @rajakorman.bsky.social >>
7. The Convergent Genre Unified Theorem of Identity
Draw a Venn diagram representing the overlap of unity, PTSD, and solitude as expressed by Bono, James Hetfield, and the lead singer of a band (hint: see problem #2) whose name nobody knows.

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 4d
Banger straight off the top:

1. The Rob Base Postulate
Given that a number greater than 1(x) is required to make a thing go right, and that the exact equal number (y) is necessary to make it out of sight (x = y), what is the minimum whole number required to achieve both outcomes?
jenlucpiquant.bsky.social Jennifer Ouellette @jenlucpiquant.bsky.social · 4d
Pop Song Math Quiz:

EG: 8. Jay-Z’s Limited Problem Set

Let x = the set including Jay’s total number of possible tribulations (maximum = 100).

GIVEN: One of the set “a bitch.” How many other potential quandaries might Jay-Z face? www.mcsweeneys.net/articles/pop...
Pop Song Math Quiz
Answer all questions in the form of a song title. 1. The Rob Base Postulate Given that a number greater than 1(x) is required to make a thing go ri...
www.mcsweeneys.net