Paolo Bernardi
@paolobernardi.bsky.social
“Only time can heal what reason cannot.” Seneca
Neminem Laedere
Environment Economy International policies
Energy Agriculture Human and Animal Rights
Allergic to dictators
Never advice
Neminem Laedere
Environment Economy International policies
Energy Agriculture Human and Animal Rights
Allergic to dictators
Never advice
Meanwhile Israel builds walls inside Lebanon and taking over land, as denounced by UNIFIL. Like Russia. Oh and they shot at French army couple weeks ago, because they can. Zero backlash. unifil.unmissions.org/unifil-state...
UNIFIL Statement (14 November 2025)
In October, UNIFIL peacekeepers conducted a geospatial survey of a concrete T-wall erected by the Israel Defense Forces (IDF) southwest of Yaroun. The survey confirmed that the wall crossed the Blue L...
unifil.unmissions.org
November 14, 2025 at 3:14 PM
Meanwhile Israel builds walls inside Lebanon and taking over land, as denounced by UNIFIL. Like Russia. Oh and they shot at French army couple weeks ago, because they can. Zero backlash. unifil.unmissions.org/unifil-state...
Reposted by Paolo Bernardi
La Finul accuse Israël de construire des murs au Liban, Tsahal dément
La Finul accuse Israël de construire des murs au Liban, Tsahal dément
La Force intérimaire des Nations Unies au Liban (Finul) a accusé Israël, vendredi, d'avoir "violé" la souveraineté du Liban avec la construction de murs sur son territoire. L'armée israélienne a démenti, reconnaissant toutefois avoir érigé une barrière renforcée le long de la ligne de démarcation entre les deux pays.
www.france24.com
November 14, 2025 at 3:07 PM
La Finul accuse Israël de construire des murs au Liban, Tsahal dément
Reposted by Paolo Bernardi
Italy has taken the lead on European transshipment of goods to Russia via Kyrgyzstan. Many Europeans have clamped down on the transshipment racket, foremost the UK, Scandinavia, the Baltics and Poland. The fact that this continues - at strength - is appalling. Putin and Xi obviously love this...
November 14, 2025 at 2:23 PM
Italy has taken the lead on European transshipment of goods to Russia via Kyrgyzstan. Many Europeans have clamped down on the transshipment racket, foremost the UK, Scandinavia, the Baltics and Poland. The fact that this continues - at strength - is appalling. Putin and Xi obviously love this...
Reposted by Paolo Bernardi
DEPUTY HEAD OF UKRAINE'S MILITARY INTELLIGENCE SAYS RUSSIAN PRODUCTION OF GLIDE BOMBS TO REACH UP TO 120,000 IN 2025
November 14, 2025 at 2:24 PM
DEPUTY HEAD OF UKRAINE'S MILITARY INTELLIGENCE SAYS RUSSIAN PRODUCTION OF GLIDE BOMBS TO REACH UP TO 120,000 IN 2025
Reposted by Paolo Bernardi
November 14, 2025 at 1:25 PM
As I wrote to clients in the past three things seem certain.
1. AI is going to be transformational to users.
2. AI is certainly transformational to tech businesses: they will make way LESS net margins than before (that is why Alphabet has been dragging its feet).
3. That CAPEX might not be all CAP
1. AI is going to be transformational to users.
2. AI is certainly transformational to tech businesses: they will make way LESS net margins than before (that is why Alphabet has been dragging its feet).
3. That CAPEX might not be all CAP
Nice charts from @mims.bsky.social on AI build-out. He quotes JPM that every iphone owner globally needs to pay $35 a month to generate enough $ to justify capex. Seems to me that equates to ~$9 a month for every smartphone owner. Still punchy, but I can imagine that.
www.wsj.com/tech/ai/when...
www.wsj.com/tech/ai/when...
When AI Hype Meets AI Reality: A Reckoning in 6 Charts
Record capital expenditures and data-center planning are running up against the ground truths of physical infrastructure.
www.wsj.com
November 14, 2025 at 1:24 PM
As I wrote to clients in the past three things seem certain.
1. AI is going to be transformational to users.
2. AI is certainly transformational to tech businesses: they will make way LESS net margins than before (that is why Alphabet has been dragging its feet).
3. That CAPEX might not be all CAP
1. AI is going to be transformational to users.
2. AI is certainly transformational to tech businesses: they will make way LESS net margins than before (that is why Alphabet has been dragging its feet).
3. That CAPEX might not be all CAP
Reposted by Paolo Bernardi
📍Senator Fetterman had a VFIB—the leading cause of cardiac arrest—he almost died if not for his implanted defibrillator, which can cost $34,000 to over $51,000. Days ago, he also just voted with GOP to gut health insurance tax credits for millions. Hope he has a change of heart.
November 14, 2025 at 12:07 PM
📍Senator Fetterman had a VFIB—the leading cause of cardiac arrest—he almost died if not for his implanted defibrillator, which can cost $34,000 to over $51,000. Days ago, he also just voted with GOP to gut health insurance tax credits for millions. Hope he has a change of heart.
Morning WTF of the day
(AP) — A confidant of Bill Pulte .. provided confidential mortgage pricing data from Fannie Mae to a principal competitor, alarming senior officials .. who warned it could expose the company to claims that it was colluding with a rival to fix mortgage rates.
apnews.com/article/fann...
apnews.com/article/fann...
November 14, 2025 at 12:39 PM
Morning WTF of the day
Reposted by Paolo Bernardi
Russia stages new ‘trial’ of savagely tortured Ukrainian partisan already sentenced to 26 years
khpg.org/en/1608815253
khpg.org/en/1608815253
Russia stages new ‘trial’ of savagely tortured Ukrainian partisan already sentenced to 26 years
The charges against Hryhory Sinchenko, Volodymyr Makarenko and Dmytro Palenko are grotesque with Russia’s torture of Sinchenko dating back to long before its full-scale invasion of Ukraine
khpg.org
November 14, 2025 at 6:08 AM
Russia stages new ‘trial’ of savagely tortured Ukrainian partisan already sentenced to 26 years
khpg.org/en/1608815253
khpg.org/en/1608815253
Reposted by Paolo Bernardi
1/5
Good Setser piece on rising global imbalances. Thanks in part to his work, central bankers and mainstream economists are slowly beginning to acknowledge that rising global imbalances can be a problem for the global economy.
Eventually they all will.
www.cfr.org/blog/chinas-...
Good Setser piece on rising global imbalances. Thanks in part to his work, central bankers and mainstream economists are slowly beginning to acknowledge that rising global imbalances can be a problem for the global economy.
Eventually they all will.
www.cfr.org/blog/chinas-...
China’s Massive Surplus is Everywhere (Yet The IMF Still Has Trouble Seeing It Clearly)
China’s reported current account surplus understates China’s contribution to global trade imbalances. The massive gap between China’s export and import volume growth over the last six years tells a m…
www.cfr.org
November 13, 2025 at 5:39 PM
1/5
Good Setser piece on rising global imbalances. Thanks in part to his work, central bankers and mainstream economists are slowly beginning to acknowledge that rising global imbalances can be a problem for the global economy.
Eventually they all will.
www.cfr.org/blog/chinas-...
Good Setser piece on rising global imbalances. Thanks in part to his work, central bankers and mainstream economists are slowly beginning to acknowledge that rising global imbalances can be a problem for the global economy.
Eventually they all will.
www.cfr.org/blog/chinas-...
Reposted by Paolo Bernardi
November 13, 2025 at 7:05 PM
Reposted by Paolo Bernardi
US STUDENT LOAN CRISIS WORSENS: SERIOUS 90-DAY DELINQUENCIES HIT RECORD 14%
November 14, 2025 at 12:19 AM
US STUDENT LOAN CRISIS WORSENS: SERIOUS 90-DAY DELINQUENCIES HIT RECORD 14%
This is extremely interesting from @johnholbein1.bsky.social voting registrations scores by industry profile
November 14, 2025 at 12:18 AM
This is extremely interesting from @johnholbein1.bsky.social voting registrations scores by industry profile
Reposted by Paolo Bernardi
These are just disgusting people. Big kudos to this girl (now woman) allegedly trafficked to Matt Gaetz, by a friend of his who sometimes paid for sex on his government credit card. Her story is horrific and she sounds brave and tough as nails to be sharing it. www.nytimes.com/2025/11/13/u...
In Matt Gaetz Scandal, Circumstances Left Teen Vulnerable to Exploitation
www.nytimes.com
November 13, 2025 at 7:23 PM
These are just disgusting people. Big kudos to this girl (now woman) allegedly trafficked to Matt Gaetz, by a friend of his who sometimes paid for sex on his government credit card. Her story is horrific and she sounds brave and tough as nails to be sharing it. www.nytimes.com/2025/11/13/u...
An interesting trade happening today. GEV there is a put option expiration Nov 14 (tomorrow) 1 day, 100 contract transfer at 545. Writing was 1,030 per contract. Open interest was 253 contracts and 168 sold...
November 13, 2025 at 7:23 PM
An interesting trade happening today. GEV there is a put option expiration Nov 14 (tomorrow) 1 day, 100 contract transfer at 545. Writing was 1,030 per contract. Open interest was 253 contracts and 168 sold...
Reposted by Paolo Bernardi
![[Scene is a kitchen - a middle aged woman called JANET is boiling peas at the stove. A younger more colourfully dressed woman named LIZ approached her.]
JANET:
Ugh...
LIZ:
What's up?
JANET:
I am so bored of cooking peas!
LIZ:
Have you tried...
AI peas?
JANET:
AI peas?
LIZ:
They're peas with AI!
[Liz holds up to us a packet of peas labelled: Pea-i AI - Peas with AI].
LIZ:
Al-powered peas harness the potential of your peas
JANET:
What
LIZ [Now a voiceover as we cut to a whizzy technology diagram of peas all connected by meaningless dotted lines]
Why not take your peas to the next level with Al Peas' new Al tools to power your peas?
[Show a techno diagram of a pea with a label reading 'AI' pointing to a random zone in it]
LIZ:
Each pea has Al in a way we haven't quite worked out yet but it's fine
[Show Janet and Liz now in a Matrix-style world of peas]
LIZ:
With Al peas you can supercharge productivity and make AI work for your peas!
JANET:
What
LIZ:
Shut up
LIZ:
Our game-changing Pea-Al gives you the freedom to unlock the potential of the power of the future of your peas workflow
From opening the bag of peas
to boiling the peas
to eating the peas
To spending millions on adding Al to the peas and then having to work out what that even means.
JANET:
Is it really necessary to-
LIZ [Grabbing Janet by the collar]:
THE PEAS HAVE GOT AI, JANET
[Cut to an advert ending screen, with the bag of peas and the slogan:
AI PEAS: Just 'Peas' for god's sake buy the AI peas.
[Ends]](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:4m3we4apbjayclzcnhwe3pfp/bafkreiayqa37f7kik7l7s7fbtfp2sir5ckb662ry2lylinyjrfa2rkvvka@jpeg)
and if they do they totally deserve that. Money (laundry) for nothing 🎶
UNICREDIT BOSS FEARS KREMLIN WILL TAKE OVER ITS RUSSIAN UNIT - FT
November 13, 2025 at 4:01 PM
and if they do they totally deserve that. Money (laundry) for nothing 🎶
@southparkstudios.bsky.social last episode is going to be an interesting one
November 13, 2025 at 1:31 PM
@southparkstudios.bsky.social last episode is going to be an interesting one
Daily Mail found that White House gold decorations are from... check notes... Home Depot
November 13, 2025 at 1:12 PM
Daily Mail found that White House gold decorations are from... check notes... Home Depot
Reposted by Paolo Bernardi
'Ancestral voices' are the new 'genuine economic conerns', I see. A thrilling time to be alive.
November 13, 2025 at 1:03 PM
'Ancestral voices' are the new 'genuine economic conerns', I see. A thrilling time to be alive.
Reposted by Paolo Bernardi
Larry Summers sum up in one email
November 13, 2025 at 12:48 PM
Larry Summers sum up in one email
Reposted by Paolo Bernardi
Never forget: At breakneck speed we are leaving the stable Holocene climate in which human society developed and thrived. Weather extremes are outside historical experience. Sea-level rise is accelerating. Dangerous tipping points are ahead.
Graph: ed-hawkins.github.io/climate-visu...
Graph: ed-hawkins.github.io/climate-visu...
November 13, 2025 at 11:52 AM
Never forget: At breakneck speed we are leaving the stable Holocene climate in which human society developed and thrived. Weather extremes are outside historical experience. Sea-level rise is accelerating. Dangerous tipping points are ahead.
Graph: ed-hawkins.github.io/climate-visu...
Graph: ed-hawkins.github.io/climate-visu...
Reposted by Paolo Bernardi
Something absolutely perfect about Larry Summers riffing about the scourge of woke cancel culture being unfair to predatory men in a friendly email to his pal JEFFREY EPSTEIN.
November 13, 2025 at 12:25 AM
Something absolutely perfect about Larry Summers riffing about the scourge of woke cancel culture being unfair to predatory men in a friendly email to his pal JEFFREY EPSTEIN.
Reposted by Paolo Bernardi
EU preparing personal sanctions against Russian prison officials linked to torture and killing of Ukrainian journalist Viktoriia Roshchyna
Roshchyna's body was returned to Ukraine in February bearing signs of torture and missing several internal organs.
Roshchyna's body was returned to Ukraine in February bearing signs of torture and missing several internal organs.
EU preparing personal sanctions against Russian prison officials linked to torture and killing of Ukrainian journalist Viktoriia Roshchyna
The European Union plans to impose personal sanctions on officials of Russia’s Federal Penitentiary Service (FSIN) who were involved in the torture and killing of Ukrainian journalist Viktoriia Roshch...
theins.press
November 12, 2025 at 11:46 PM
EU preparing personal sanctions against Russian prison officials linked to torture and killing of Ukrainian journalist Viktoriia Roshchyna
Roshchyna's body was returned to Ukraine in February bearing signs of torture and missing several internal organs.
Roshchyna's body was returned to Ukraine in February bearing signs of torture and missing several internal organs.