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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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
I’m sorry but no we will not suffer to fulfil your ludicrous and brazen self enrichment schemes. We remain prepared to tolerate a visit with pomp. Yours sincerely, all of Britain.

on.ft.com/4hY3DTG Donald Trump says he will sue BBC next week for up to $5bn
Donald Trump says he will sue BBC next week for up to $5bn
British broadcaster this week apologised to US president for the way it edited his Capitol Hill speech on January 6 2021
on.ft.com
November 15, 2025 at 10:41 AM
pauljdavies.bsky.social
It's not conflicts of interest or anything dodgy, its years of preparing "for booms in sectors that more established banks kept at arm’s length"!
The financial boutique Cantor Fitzgerald is on track for its busiest — and most lucrative — year ever.
www.bloomberg.com/news/feature...
November 14, 2025 at 4:21 PM
pauljdavies.bsky.social
Ummm.... not entirely sure I trust my fellow humans to all use this in tasteful and decent ways...

Disney+ to Allow User-Generated Content Via AI www.hollywoodreporter.com/business/dig...
November 14, 2025 at 2:44 PM
pauljdavies.bsky.social
Oh!
RedBird Capital Partners has withdrawn its £500 million ($658 million) bid to buy the Telegraph Media Group amid a backlash from the UK newspaper’s own staff www.bloomberg.com/news/article...
RedBird Pulls £500 Million Bid for UK’s Telegraph Newspaper
RedBird Capital Partners has withdrawn its £500 million ($658 million) bid to buy the Telegraph Media Group amid a backlash from the UK newspaper’s own staff.
www.bloomberg.com
November 14, 2025 at 1:25 PM
pauljdavies.bsky.social
What do the bankruptcy of Tricolor and the share price crash at Fiserv have in common? Fresh-eyed outsiders spotted the issues that were missed by much more experienced - and too familiar - pros. Via @opinion.bloomberg.com www.bloomberg.com/opinion/arti...
Tricolor and Fiserv Highlight the Value of Junior Bankers
The warehouse that turned hundreds of millions of dollars of auto loans from Tricolor Holdings LLC into bonds was run by one of the biggest and most sophisticated investment banks in the world, JPMorg...
www.bloomberg.com
November 14, 2025 at 12:58 PM
Reposted by Paul J Davies
sarahoconnorft.ft.com
It's a useful reminder that sometimes tech can make a task more efficient for one side (applying for jobs), and more efficient for the other side (writing job adverts), and yet make the system as a whole completely inefficient.
November 14, 2025 at 10:14 AM
pauljdavies.bsky.social
So what Starmer and Reeves have managed to do is turn the budget into a brokering of conflicting wants between the gilt market and the backbenches. What it should be is a job of leadership and persuasion of both.
November 14, 2025 at 10:10 AM
pauljdavies.bsky.social
Consolation for Rachel Reeves this morning. “Adulthood is a sham.”
What follows from this is that we can't also really do any of the things we do as adults. Mastery and development and learning from experience, and learning itself, not to mention adult sexuality and the use of language, are a cover-up. The self may aspire, but it can never really achieve: indeed, it may only be able to aspire - which makes a mockery of all our cultural ideals and ambitions. To want something is to be left out of having it. So success, like growing up, is a form of denial. Competition reveals nothing. Adulthood is a sham. Adulthood is you and everyone else believing you have won an Olympic swimming medal when you can't even swim.
November 14, 2025 at 9:46 AM
pauljdavies.bsky.social
🎶 And I would do anything for bonds

But I won’t do that
November 14, 2025 at 9:06 AM
pauljdavies.bsky.social
Here’s to fresh-eyed outsiders who ask the naive questions because they are not burdened by familiarity! In an age of automation destroying entry level jobs two stories remind us of the value of a steady stream of bright young new people.

www.bloomberg.com/opinion/arti...
Tricolor and Fiserv Highlight the Value of Junior Bankers
The warehouse that turned hundreds of millions of dollars of auto loans from Tricolor Holdings LLC into bonds was run by one of the biggest and most sophisticated investment banks in the world, JPMorg...
www.bloomberg.com
November 14, 2025 at 8:56 AM
Reposted by Paul J Davies
neldermead.bsky.social
Daily Star journo seen buying lettuce just before the gilt market open
November 14, 2025 at 8:36 AM
Reposted by Paul J Davies
zatapatique.bsky.social
Truly a battle of wits
November 14, 2025 at 8:38 AM
pauljdavies.bsky.social
FFS. What a shower
jamesrball.com James Ball @jamesrball.com · 2d
Thanks to months of pitch rolling, the Labour government has now effectively told anyone paying attention that income tax rises are necessary, but they’re not going to do them because they’re politically weak. Let’s see how that plays!
November 14, 2025 at 8:25 AM
pauljdavies.bsky.social
Muting: One ball, micropenis, etc etc
November 13, 2025 at 10:17 AM
pauljdavies.bsky.social
Make sure you know where you’re going today people.
November 12, 2025 at 1:59 PM
pauljdavies.bsky.social
What?
Sky News alert: Powerful 'cannibal storm' set to hit Earth today - and it could disrupt communications and GPS
November 12, 2025 at 1:58 PM
pauljdavies.bsky.social
When your historic performance was persistently *really* terrible. For years!
peark.es George Pearkes @peark.es · 4d
Stat o' the day: Euro STOXX Banks (Eurozone banks equity index) is 3.78 std dev above its 50-DMA. Most overbought since July of 1993, and the index is trading at its highest level since the midst of the GFC in 2008. +70% this year in € terms.
November 12, 2025 at 1:27 PM
pauljdavies.bsky.social
Russia will have a field day with Kyiv's $100 million energy corruption expose, but it also shows why Ukrainians are fighting the war at all, writes @marcchampion1.bsky.social

www.bloomberg.com/opinion/arti...
Why Do Ukrainians Fight? A $100 Million Graft Case Shows Why
There are at least two legitimate responses to allegations that a group of highly placed Ukrainian officials have skimmed $100 million from contracts to repair and protect their nation’s critical ener...
www.bloomberg.com
November 12, 2025 at 1:23 PM
Reposted by Paul J Davies
pauljdavies.bsky.social
Vast spending on AI and tech promises to turbocharge the competitive advantage of giant banks over smaller rivals despite questions over the returns they're really getting on investments. Politicians and regulators take note>> www.bloomberg.com/opinion/arti...
AI Gains for Big Banks Pose a Competition Headache
Bank of America Corp. first launched its artificial-intelligence driven chatbot, Erica, nearly a decade ago in 2016. Several iterations and a wealth of patents later, the platform handles about 2 mill...
www.bloomberg.com
November 12, 2025 at 9:05 AM
Reposted by Paul J Davies
whatafuckingrecord.bsky.social
41
SMITHS HATFUL OF HOLLOW
November 12, 2025 at 12:42 AM
pauljdavies.bsky.social
More good stuff on the debt building AI from my colleague Shuli Ren >> Creditors are still demanding extra yield to fund the AI infrastructure buildout. That's a good sign www.bloomberg.com/opinion/arti...
Oracle has been one of the biggest borrowers and spenders on data centers - and its borrowing costs have risen the most. Big tech company borrowing costs used to be lower than other blue chips. Not any more.
November 12, 2025 at 10:14 AM
pauljdavies.bsky.social
Vast spending on AI and tech promises to turbocharge the competitive advantage of giant banks over smaller rivals despite questions over the returns they're really getting on investments. Politicians and regulators take note>> www.bloomberg.com/opinion/arti...
AI Gains for Big Banks Pose a Competition Headache
Bank of America Corp. first launched its artificial-intelligence driven chatbot, Erica, nearly a decade ago in 2016. Several iterations and a wealth of patents later, the platform handles about 2 mill...
www.bloomberg.com
November 12, 2025 at 9:05 AM
pauljdavies.bsky.social
Another said the counter-briefings would only prove to be damaging to the party: “Everyone looks nuts,” he said.

Starmer vows to fight on as Streeting’s allies deny leadership challenge

on.ft.com/4hV7ReV
Starmer vows to fight on as Streeting’s allies deny leadership challenge
Party’s MPs grow frustrated with prime minister’s leadership as crucial Budget nears
on.ft.com
November 12, 2025 at 7:22 AM
pauljdavies.bsky.social
Heard on the Street: Microsoft’s new disclosures about its dealings with OpenAI only underscore how much remains hidden www.wsj.com/tech/ai/micr...
Microsoft said it owned 27% of OpenAI after an overhaul of the AI company’s corporate structure that was completed in October. Microsoft said it booked $4.1 billion of losses from OpenAI last quarter, equivalent to 12% of Microsoft’s pretax profit, which marked the first time Microsoft had made such a disclosure. In addition, it said OpenAI had agreed to buy $250 billion of Microsoft’s cloud-computing services, although it didn’t provide a time frame or say how OpenAI would fund the purchases. It also said, in an Oct. 28 blog post before its earnings release, that its OpenAI investment was worth $135 billion. Microsoft in its quarterly report didn’t disclose the carrying amount for its OpenAI stake, but it is a much smaller number. In a footnote, Microsoft said the carrying value for all its equity-method investments was $1.8 billion as of Sept. 30, down from $6 billion a quarter earlier. The discrepancy exists because the carrying value reflects Microsoft’s original investments in OpenAI, adjusted for its proportionate share of OpenAI’s losses, rather than OpenAI’s current market value. It now seems likely that Microsoft soon could write down its OpenAI stake’s value to zero, assuming OpenAI keeps bleeding money. In that case, Microsoft’s disclosures about OpenAI could become even more scant. Under the equity method of accounting, Microsoft’s losses from OpenAI would be capped once the carrying amount fell to zero, while any new investments in OpenAI would increase the carrying amount.
November 11, 2025 at 4:52 PM
pauljdavies.bsky.social
More eek Egan-Jones news

BBG: KKR Distances Insurer Global Atlantic From Egan-Jones Ratings
November 11, 2025 at 3:47 PM