Paul J Davies
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pauljdavies.bsky.social
Paul J Davies
@pauljdavies.bsky.social
5.4K followers 1.4K following 7.3K 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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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 · 11h
I think that was quite well excavated by Paul Caruana Galizia in his first Londongrad series. Can’t remember which episode but there’s certainly some tales of parties at Lebedev’s Italian villa in there. open.spotify.com/show/1saWX0A...
Introducing: Londongrad
open.spotify.com

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 20h
That is an amazing skill. This is something that AI will never be able to do!

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 21h
I was going to say this game was 75% niggle. But Havertz scoring at the death makes it fully 99% niggle.
pauljdavies.bsky.social Paul J Davies @pauljdavies.bsky.social · 21h
Enjoying how much niggle Cucurella
Is getting in this game tbh

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 21h
From June 2011, apparently.
Osborne & Partners CONFIDENTIAL ISSUES OF REPUTATION For the purposes of this discussion, here are the principal objectives: Minimise any mentions in the tabloid press in the UK and US Steadily to restore your profile in select media, political and philanthropic • Establish you as a pioneering supporter of science and technology with a focus on the less fashionable but most important disciplines • Consider some kind of annual event which brings together your business and philanthropic interests Tabloid press attention It is imperative that this be tackled as a matter of urgency, particularly in the UK which generates so much of the follow up coverage in the US, but also comes to the fore in the most cursory Google search of your name. Since it is an unambiguous objective of the Daily Mail and Mail on Sunday to take down Prince Andrew, it is disastrous for you to be seen in any way to facilitate his lifestyle, or to help with his well documented issues. Their sole interest in you and Ghislaine is as a means to attack Prince Andrew and Sarah Ferguson. You need to studiously avoid any involvement whatsoever with the couple, which will lessen the interest and we can establish a constructive relationship on your behalf with them. In the fullness of time, it will be possible to run a positive piece about your philanthropy. As for the US tabloids, much of what they have published took the lead from the UK papers and is to do with the Prince Andrew/ Sarah Ferguson/ Bill Clinton axis. Without that distraction, it will be easier to maintain a lower profile. Restoring your profile he strategy has to be one that is medium term, say 18 months, which starts of lowly and intensifies over time, and should not appear to be calculated. We car discuss in more detail but it should include the following components: • "Clean up" Google: Another urgent priority is to retain one of the expert firms in search engine optimization (SEO) to "clean up" the results on all major search engines w…

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 21h
The family that went on to run Jefferies??

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 21h
Rotten. It’s grimly amusing that a reputation laundering strategy prepared for Epstein by a pr firm that I read in the docs earlier had as its first point: Distance yourself from Prince Andrew…

Former prince discussed with Epstein ways to get round investment rules

www.ft.com/content/6b2f...
Former prince discussed with Jeffrey Epstein ways to get round investment rules
Andrew Mountbatten-Windsor shared official documents while serving as a UK trade envoy
www.ft.com

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 21h
Bands are just not hot like this anymore
Cover of The Wurzels Are Scrumptious

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 21h
Enjoying how much niggle Cucurella
Is getting in this game tbh

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 22h
lol. I’ve already spent most of my career avoiding that as much as I possibly could.

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 22h
Some people spend their working lives thinking of all kinds of things they’ll do when they stop, others stop and are completely lost with nothing to do. I’ve known one or two people who had enough family wealth they didn’t need to work at all. And yet they did.
know.ne

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 22h
Ford was a religious nut and socially oppressive but he did have a simple idea that industry wouldn’t get very far if its workers could not afford its products.

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 22h
I am long term optimistic about this doomer scenario not happening tho because of Henry Ford. You won’t have an economy at all if you don’t have a market for the goods and services your incredible AI can produce. You need people to have money and lives worth living to buy stuff.

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 22h
The real AI doomer scenario isn’t that the machines take control, and murder or enslave the humans. It’s that we become mostly irrelevant and end up murdering each other out of boredom and extreme economic inequality. [This is a paraphrasing and extension of an old Yuval Noah Harari quote]

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 22h
*Wholeheartedly* agree with this. So much.

Most people do need some kind of purpose, just some reason to get out of bed every day.
stephenkb.bsky.social Stephen Bush @stephenkb.bsky.social · 1d
My column today: on why if AI creates a world where almost everyone has to live off UBI, we should throw away the machine instead:
UBI fans must remember a job is about more than the money
The value of work often gets left out of discussions about AI
www.ft.com

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 23h
One* of the head scratchers here is Meta makes >13 times the revenue of SpaceX and yet it worth just 40% more? I’ll astounded if this thing IPOs anywhere near that anytime soon.

*there are a lot of confusing things in this whole … thing.

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 23h
SpaceX is the anti-Google! Lol at @matt-levine.bsky.social

www.bloomberg.com/opinion/news...
If you had told me in 2016 "my company will build rockets and send them to Mars in order to generate free cash flow to subsidize a capital-intensive money-losing website that will use machine learning algorithms to answer people's questions," I would have been like: No no no, the other way. You subsidize the space exploration with money from the website. The websiteis cheap and lucrative and scalable; the space explorationis the expensive bit with uncertain commercial prospects.

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 23h
This is very good. www.ft.com/content/3f82... The Epstein rot goes deep
The Epstein rot goes deep
America must now ask itself if it can restore a culture of shame
www.ft.com

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 23h
Look. It’s the small chunk version. I’m not some kind of barbarian. OK?!

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 23h
No no no. You’re eating Branston pickle straight out of the jar on the end of a butter knife

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 1d
Never seen the film - tbh I'd never even heard of it. The book was given to me as a present

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 1d
I hadn't heard of that - Wikipedia not too encouraging
"It had mixed reviews, with Goldman himself rating it unfavorably"

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 1d
Watching US Senate Judiciary Committee hearing on Nazi Swiss bank accounts having by pure coincidence last night finished reading Marathon Man by William Goldman, a thriller about an escaped Nazi torturer and his hoard of diamonds.

Reposted by Paul Davies, Adrian Daub, Daxton R. Stewart , and 1 more

moiradonegan.bsky.social
Moira Donegan @moiradonegan.bsky.social · 1d
I hadn’t known this. Two men who were accused of sexual abuse on the Shitty Media Men document that I created back in 2017 reached out to Michael Wolff for help as they looked to sue me, and Wolf forwarded their concerns to Jeffrey Epstein. Epstein offered to help. www.jmail.world/thread/EFTA0...

Reposted by Paul Davies

bbcnews-world-rss.bsky.social
Unofficial BBCNews (World) Bot @bbcnews-world-rss.bsky.social · 1d
Trump says Republicans 'should take over the voting' and 'nationalise' US elections
Trump says Republicans 'should take over the voting' and 'nationalise' US elections
American elections are primarily run by state law, and voting is administered by local officials across the country.
www.bbc.com

Reposted by Paul Davies

stephenkb.bsky.social
Stephen Bush @stephenkb.bsky.social · 1d
My column today: on why if AI creates a world where almost everyone has to live off UBI, we should throw away the machine instead:
UBI fans must remember a job is about more than the money
The value of work often gets left out of discussions about AI
www.ft.com

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 1d
Also in public stock markets.... Not so Saas-y now!

[no i'm not remotely ashamed of that thanks]

‘Get Me Out’: Traders Dump Software Stocks as AI Fears Take Hold
www.bloomberg.com/news/article...
‘Get Me Out’: Traders Dump Software Stocks as AI Fears Take Hold
Wall Street has been skeptical about software stocks for a while, but sentiment has gone from bearish to doomsday lately with traders gripped by fears about the destruction to be wrought by artificial...
www.bloomberg.com

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 1d
I will! Thanks

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 1d
Apollo's John Zito last autumn in an investor forum: The real threat for private capital markets isn’t tariffs, inflation or elevated interest rates.
“The real risk is — is software dead?”

Private Equity’s Software Bet Upended by AI
@bloomberg.com
www.bloomberg.com/news/article...
Private Equity’s Giant Software Bet Has Been Upended by AI
Apollo Global Management’s John Zito left the audience of investors stunned.
www.bloomberg.com

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 1d
Trump’s First National Bank of Scams Is Coming newrepublic.com/article/2059... via @newrepublic.com
Trump’s First National Bank of Scams Is Coming
The kleptocratic nightmare we’re all living in is about to get worse.
newrepublic.com

pauljdavies.bsky.social
Paul J Davies @pauljdavies.bsky.social · 1d
Seems to me that if you’re shamelessly venal enough to accept a ton of expensive gifts and name the specific high end watch strap that you’d prefer among them then you’re probably not the one to call newspapers prurient for reporting on one of the biggest scandals ever? www.ft.com/content/1fdb...
"These decade-old private emails you are selectively referencing and pruriently reporting on have nothing to do with my work at Goldman Sachs." She has also previously said she "regrets" ever knowing Epstein.