Paul J Davies (@pauljdavies.bsky.social) reply parent
Co-pilot is the voice inside its head
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
4,991 followers 1,293 following 5,732 posts
view profile on Bluesky Paul J Davies (@pauljdavies.bsky.social) reply parent
Co-pilot is the voice inside its head
Paul J Davies (@pauljdavies.bsky.social)
Early noughties. They were hazy aimless days, eh? m.youtube.com/watch?v=t5WH...
Paul J Davies (@pauljdavies.bsky.social) reply parent
There’s a fair case that a lot of the development in my music tastes really came from my desire to collect the graphics work of Designers Republic and Futura 2000.
Paul J Davies (@pauljdavies.bsky.social) reply parent
Got that on cassette somewhere. And I still have these absolute beauties from when I got discounts doing work experience in Our Price several years ago.
Paul J Davies (@pauljdavies.bsky.social) reply parent
Oh rainbow waving is it?! 😆 Got a pretty cool one over Walthamstow marshes a couple of years ago. Almost the whole thing!
Renee DiResta (@noupside.bsky.social) reposted
You have a baby too young to vaccinate, and your older kid is exposed to Freedom Measles or Populist Polio in their classroom. You don’t have kids,but you may be impacted if you have cancer. Herd immunity is the point. The silent majority needs to get loud; make this a political liability for Ron.
Paul J Davies (@pauljdavies.bsky.social)
Never knew Pop Will Eat Itself did an American tour!
Paul J Davies (@pauljdavies.bsky.social) reply parent
Yves Klein dead centre, banger!
Paul J Davies (@pauljdavies.bsky.social) reply parent
Would answer be different if they other pair won? They had almost exactly the same policies just different presentation styles asaict
Paul J Davies (@pauljdavies.bsky.social)
He’s *desperate* to win back Elon’s love from Yaxley-Lennon and AdvanceUK
Paul J Davies (@pauljdavies.bsky.social)
So his job is to basically just watch out for a thing that happened in America once and a thing that never happened. That’s some pretty broad guardrails.
Paul J Davies (@pauljdavies.bsky.social)
Met police chief calls for review of law after Graham Linehan arrest (Maybe we'll hear similar calls after this weekend's Palestine march, too.) www.theguardian.com/uk-news/2025...
Paul J Davies (@pauljdavies.bsky.social) reply parent
Sexy!
Paul J Davies (@pauljdavies.bsky.social)
Rather than a free-speech, free-protest problem, we *might* have an issue with the Met police's excessively literal and always heavy handed enforcement of the law. (This may of course be deliberate because they don't like the laws...)
Mayfair Cynic (@mayfaircynic.bsky.social) reposted reply parent
"Ok, Respected Comrade, one last time: These are small. Those are faaar away"
Paul J Davies (@pauljdavies.bsky.social)
Today in as important as it is dull (from a Sarah Breeden speech on payments innovation) www.bankofengland.co.uk/speech/2025/...
Paul J Davies (@pauljdavies.bsky.social) reply parent
They should also look at streeting tweeting
Paul J Davies (@pauljdavies.bsky.social) reply parent
Whatever Kim says they are!
Paul J Davies (@pauljdavies.bsky.social)
Some thoughts on what Apollo and Liverpool @lfcr.bsky.social tell us about the sheer scale and maturity of sports financing. via @opinion.bloomberg.com >>> www.bloomberg.com/opinion/arti...
Paul J Davies (@pauljdavies.bsky.social) reply parent
"Tender?" Maybe that's the message
Paul J Davies (@pauljdavies.bsky.social) reply parent
Charts just like this were a big feature of Tidjane era strategy CS presentations, which... weren't so succesful
Paul J Davies (@pauljdavies.bsky.social)
The best way to raise self-sufficient kids is to let them round around and have accidents while you drink wine
Paul J Davies (@pauljdavies.bsky.social)
“I did truths, long truths, some pretty poignant truths…” is a phrase that you could never have convinced me any world leader could possibly come out with even just a few years ago.
LondonLee (@londonlee.bsky.social) reposted
UK I Love You But You're Bringing Me Down
Paul J Davies (@pauljdavies.bsky.social)
Why did Biden hate Huntsville so much?
Paul J Davies (@pauljdavies.bsky.social)
It’s open mic day in the Oval Office
Paul J Davies (@pauljdavies.bsky.social) reply parent
Ehhh, don’t sweat it
Paul J Davies (@pauljdavies.bsky.social)
Solar panels all over farmland is absolutely terrible. Terrible. But 4 mega data centers, each about 80% the size of Manhattan? Fabulous.
Paul J Davies (@pauljdavies.bsky.social) reply parent
This isn’t *completely* wild: a bunch of companies, including the BBC, and political pollsters, have used agent-based modelling to test out policies/products/programs for years. It’s niche but not totally ridiculous. www.wsj.com/articles/a-n...
Paul J Davies (@pauljdavies.bsky.social) reply parent
Used to go to the mountains north of there every year for family reasons, went about 12/13 years in a row and always went down to the lake at some point. Really miss it
Paul J Davies (@pauljdavies.bsky.social)
Sorry. Over tired.
Paul J Davies (@pauljdavies.bsky.social) reply parent
Until they change the chancellor, maybe...
Paul J Davies (@pauljdavies.bsky.social) reply parent
TBH the setting was so gorgeous that i was fine really. Torri del Benaco, right on the dinky little harbour. *strong* recommend
Paul J Davies (@pauljdavies.bsky.social) reply parent
Doing it in Paris so much worse!
Paul J Davies (@pauljdavies.bsky.social)
Interesting the contrast between Jane St and CitSec... ETFs must have well beat cash and retail options flows...? Jane Street pulled in a record $10.1bn net trading revenue in the second quarter, beating out all of Wall Street’s biggest banks www.bloomberg.com/news/article...
Paul J Davies (@pauljdavies.bsky.social) reply parent
fwiw I disagree - but number two did get to enjoy even more benign neglect than number one
Paul J Davies (@pauljdavies.bsky.social) reply parent
It burned like a steam jet. the scars are real
Paul J Davies (@pauljdavies.bsky.social) reply parent
I once asked for a double macchiato at a hotel on Lake Garda and the waitress looked at me like I was a moron and said: that's a cappucino. The shame.
Paul J Davies (@pauljdavies.bsky.social)
Need a mid-afternoon pick-me-up? If you like some classic drum n bass with BIG soul vocals, you'll love this Pola & Bryson Fabric Live>> open.spotify.com/album/3PskBg... SpotifySpotify
Paul J Davies (@pauljdavies.bsky.social)
Crypto is coming for your airmiles and card points>> Stablecoins pose more of a threat to US credit cards than to bank accounts or money market funds - via @opinion.bloomberg.com www.bloomberg.com/opinion/arti...
Paul J Davies (@pauljdavies.bsky.social)
afaict the two leadership rivals basically said exactly the same things, but Polanski just said it simpler, quicker and with more zing
Paul J Davies (@pauljdavies.bsky.social) reply parent
Lol! I had a bit earlier with Francine too and got a mention in for a top team there!
Paul J Davies (@pauljdavies.bsky.social)
Definitely a big step in the right direction - although definitely expect Xavi to take a while to settle and get used to the relentlessness of the PL versus BL...
Paul J Davies (@pauljdavies.bsky.social)
“The total this year is more than was spent by Bundesliga, La Liga, Ligue 1 and Serie A clubs combined.” 💸💸💸
Paul J Davies (@pauljdavies.bsky.social)
Premier League clubs spend £3bn on transfers this summer alone. Gross not net but still kind of wild.
Paul J Davies (@pauljdavies.bsky.social) reply parent
On top of which, wasn't it the case with several major LDI programs that the financial wherewithall to react to the crisis was there, but the trustees with the authority to approve its release just couldn't be reached very quickly because they didn't have their phones or something equally dumb?
Paul J Davies (@pauljdavies.bsky.social) reply parent
Some day politics, industry and even tech will get over the idea that "disruption" is the one strategic aim that should rule them all and society will have a chance to just function again
Paul J Davies (@pauljdavies.bsky.social) reply parent
Imo a much under-discussed element of the whole disaster was her vague but fully serious promises to completely liberalise planning laws (repeated on last week's pod) which really put the fear of god into the full Tory faithful. I'll do anything for free markets but I won't do *that*! ru fckn crazy
Paul J Davies (@pauljdavies.bsky.social) reply parent
I know some otherwise sane people who also seem to completely believe this.... but possibly more because their dislike of Bailey skews their reason than because they're actively sympathetic to Liz
Paul J Davies (@pauljdavies.bsky.social)
Ah but @tobyn.bsky.social Bailey *knew* a high-spending, tax-cutting budget was coming and *that's* why he deliberately queered the pitch with his totally unnecessary QT announcement because he was a Big Lefty Keynsian out to get Liz! Liz explains the coup www.ft.com/content/30e5...
Paul J Davies (@pauljdavies.bsky.social) reply parent
Actually drooling now...
Paul J Davies (@pauljdavies.bsky.social)
"elevating nostalgia into heritage" - or even war!
Paul J Davies (@pauljdavies.bsky.social)
Where are the comedy insults and random capitals??
Paul J Davies (@pauljdavies.bsky.social) reply parent
Yes, it should be! Thanks this is interesting. Sounds worth looking into a bit more.
Paul J Davies (@pauljdavies.bsky.social) reply parent
TBH I *thought* the SEC had been stripped of all oversight of crypto related stuff by the admin declaring none if this was securities. But IDK, maybe it's still ripe for testing
Sunder Katwala (sundersays) (@sundersays.bsky.social) reposted
Elon Musk will be championing the Tommy Robinson 13/9 rally, on grounds that Nigel Farage is "weak sauce" on mass deportation and too soft on Islam Govt not even reviewing its use of X since 2022 shows different rules apply to Elon Musk than we expect of every school-child on British values
Paul J Davies (@pauljdavies.bsky.social)
There’s plenty of debate to be had over democratic accountability for central banks but you can be damn sure that this administration would show *all* the reasons why an independence is so important for the Fed. open.substack.com/pub/matthewc...
Paul J Davies (@pauljdavies.bsky.social)
And most incredible of all, it’s all completely legal! 🤯 The Trumps’ New Crypto Money Maker: Deals With Themselves www.wsj.com/finance/curr...
Paul J Davies (@pauljdavies.bsky.social) reply parent
Also: only capable of performing in set-piece moments
Paul J Davies (@pauljdavies.bsky.social)
Szoboslai. The new Roberto Carlos? What the hell was that?!
Paul J Davies (@pauljdavies.bsky.social) reply parent
Only discovered this game recently, didn’t know what you were all on about for ages. Had a shocker in my first go the other day. Got this one in one (but only because I’ve been relatively recently)
Paul J Davies (@pauljdavies.bsky.social) reply parent
… aren’t income independent? Or that those who have been high income earners don’t die in ways that draw heavily on NHS care?
Paul J Davies (@pauljdavies.bsky.social) reply parent
I don’t understand this. Aren’t the social insurance aspects of taxation meant to be redistributive in both directions? In child benefit, if everyone gets the same why have it at all? You’re just forcing the childless to help fund children. And on NHS, is there data to show the really costly things
Paul J Davies (@pauljdavies.bsky.social) reply parent
Pret is totally acceptable
Paul J Davies (@pauljdavies.bsky.social) reply parent
See I find Neros not awful. A small Americano is at least small and tastes like coffee.
Paul J Davies (@pauljdavies.bsky.social) reply parent
They do serve by the worst coffee anywhere. Oh a pint of warm pipe water is your smallest most coffee like drink? Even Starbucks isn’t this bad thanks
Paul J Davies (@pauljdavies.bsky.social)
Love that high sugar diet! The calculated silence of America’s business and finance leaders on.ft.com/41xBLyN
Paul J Davies (@pauljdavies.bsky.social) reply parent
Ok. Cool. THANKS!
Paul J Davies (@pauljdavies.bsky.social) reply parent
The mechanics described in here make a lot of sense of this I think >> bsky.app/profile/paul...
Paul J Davies (@pauljdavies.bsky.social) reply parent
As someone else I think already said, we've got to be getting close to some kind of product recall - it would have happened several times over with any other product already.
Paul J Davies (@pauljdavies.bsky.social) reply parent
The very same!
Paul J Davies (@pauljdavies.bsky.social)
Entertaining paean to inelegant variation from the tribune of physical media readers
Paul J Davies (@pauljdavies.bsky.social) reply parent
The bits on exploitation and border line fraud suffered by some of these people is pretty grim reading.
Paul J Davies (@pauljdavies.bsky.social)
Some very good on the ground reporting in this>> Britain’s post-Brexit visa program, meant to attract lower numbers of skilled workers, soon backfired. The debacle drew populist Nigel Farage back into politics. www.wsj.com/world/uk/bri...
Lewis Goodall (@lewisgoodall.com) reposted
Polling from @Moreincommon_ on Lucy Connolly More than half think her sentence was too lenient or about right. Only a third that it was too harsh. Only 18% think politicians should associate themselves her, while 51% think they should actively distance themselves from her.
Paul J Davies (@pauljdavies.bsky.social) reply parent
… and their own fears of how constituents will react. They can’t sell it as: It’s our taxes/cuts versus *those* cuts/taxes. I think probably Labour were as bad in opposition in not explicitly setting alts to Tory policies. You can’t sell decisions when you can’t show what you’re deciding between.
Paul J Davies (@pauljdavies.bsky.social)
Where is the centre right is a really important question. I’m starting to think one reason that economic decision making is so hard is because there is *no debate*. It is hard to choose your trade offs when no one is offering alternatives. Labour MPs can only choose between govt proposals and
Paul J Davies (@pauljdavies.bsky.social)
Sonny is bringing everything LAFC wanted and more. 😍 www.nytimes.com/athletic/658... The Son Heung-min Effect is already being felt in Los Angeles and around MLS
Paul J Davies (@pauljdavies.bsky.social) reply parent
This was quite the question! You know, there's so many different aspects of the UK spending situation, whether it's the triple lock pension. *There's this thing that goes viral Twitter a lot about like how easy it is to get a free car*, etc. Like why not first take aim at low hanging fruit?
Matthew Holehouse (@matthewholehouse.bsky.social) reposted reply parent
Contrary to Truss' complaint in this interview, we know the OBR will happily score planning reforms when they are actually real, which is why it handed Reeves a chunky 0.4% for her first-stage reforms (ie not bill) alone. The reason it probably wouldn't for Truss is because hers looked like this:
Paul J Davies (@pauljdavies.bsky.social) reply parent
Of course, North London's leading football team is well outside it, but we don't want any of those wet metropolitan bubble saddos at our games anyway
Paul J Davies (@pauljdavies.bsky.social) reply parent
IDK I'm pretty sure the Emirates is inside that zone. Juuuuusst about
Paul J Davies (@pauljdavies.bsky.social)
Authoritarians used to flaunt their masculinity and stamina and batter their peoples’ brains with marathon speeches. Putin then Trump and now Farage are doing it with interminable made-for-TV press conferences. Trump’s are the most accomplished version but Farage is obvs taking notes
Paul J Davies (@pauljdavies.bsky.social) reply parent
He must be approaching the point where money earned as payoffs for contract cancellations matches or exceeds money earned for actually managing football teams
Paul J Davies (@pauljdavies.bsky.social) reply parent
He also admits the tradeoffs, which is the acknowledgement that most of this money will come out of customers pockets *because that is where it is currently going*. Look at UK ringfenced or retail net interest income for major banks. It has n’t risen in line with gross interest paid by BoE.
Paul J Davies (@pauljdavies.bsky.social)
Very good on what Labour should be saying instead of its current hopelessly managerial response
Paul J Davies (@pauljdavies.bsky.social) reply parent
This government is failing to fix the UK’s budget problems because it can’t face them and keeps looking for painless tweaks. This great analysts from @blondemoney.bsky.social makes a harsh but solid case why this is happening and why it will end in political crisis. blondemoney.co.uk/insights/uk-...
Paul J Davies (@pauljdavies.bsky.social) reply parent
All these ideas at best raise miserably small amounts of money. So maybe the government could do it and maybe only a few bankers would be really unhappy but it’s just not moving the dial in any really useful way >> www.bloomberg.com/opinion/arti...
Paul J Davies (@pauljdavies.bsky.social) reply parent
They are also talking again about a special extra profit tax for banks - Rayner suggested upping total take from 28% to 30%. Do you know how much this will raise? Based on OBR forecasts it would bring in an extra £275m per year. on.ft.com/47dpIue
Paul J Davies (@pauljdavies.bsky.social)
I regret to inform you that people are talking about taxing QE profits again. Carsten Jung’s IPPR version sounds less bad for monetary policy but will likely come out of interest paid to savers. So maybe it’s just a backdoor wealth tax? www.bloomberg.com/news/article...
Paul J Davies (@pauljdavies.bsky.social)
Rushing out a product with limited safety testing and guardrails that degrade over extended interactions has proven to devastating for growing numbers of users - but not yet for Sam Altman or OpenAI. Grim reading from @parmy.bsky.social @opinion.bloomberg.com www.bloomberg.com/opinion/arti...
Matthew Brooker (@mbrooker.bsky.social) reposted
England’s flag warriors are more likely the last hurrah of the summer silly season than the start of a revolution www.bloomberg.com/opinion/arti...
Paul J Davies (@pauljdavies.bsky.social)
Are these guys about to fight the camera or try and kiss it? Unnerving either way!
Paul J Davies (@pauljdavies.bsky.social) reply parent
Data? Fast data?
Paul J Davies (@pauljdavies.bsky.social) reply parent
GDP lite, anyone?