Michael Davidson
@mikedavidsonbda.bsky.social
Monetary Policy Nerd living in Bermuda
“Credit markets don’t deal well with uncertainty, and the sheer unpredictability of the pace and cost of AI financing is triggering a serious crisis of confidence right now.” www.ft.com/content/ac13...
AI Market Correction Emerging As Major Credit Risk - Fitch www.fitchratings.com/research/ban...
fitchratings.com
@felixsalmon.com is always a good read!
Felix Salmon@felixsalmon.com · 2w agoA story I've been working on and thinking about for longer than I might like to admit -- my attempt to answer the question @matt-levine.bsky.social posed about "what are the aesthetics of debt". www.bloomberg.com/news/feature...
In case you missed it, here's Count Binface's appearance on the BBC this morning.
absolutely insane story, and yeah, just looking at this chart... with the exception of maybe two people, this entire class was cheating like motherfuckers
Jacob T. Levy@jacobtlevy.bsky.social · 4w ago
Your occassional reminder that the Midas touch was a curse, not a blessing.
The phenomenon of US stocks accumulating most of their gains in the thin overnight trading session has long puzzled investors, fed conspiracy theories and even triggered the launch of ETFs to take advantage of the anomaly. But then the "overnight drift" went away. Why? www.ft.com/content/ff2a...
Dissecting the death of overnight drift
RIP 1998–2020?
ft.com
🚨 New post examining the tangled economics of private credit by tracking the life of a massive (now defaulted) loan www.ft.com/content/7db5...
Exploring the tangled economics of private credit through the Medallia faceplant
Equity wipeout, debt distressed . . . trebles all round?
ft.com
More elegant than a submarine: meet the FGS Gorch Fock, the 🇩🇪 navy’s sail training ship. In #Halifax from 30 July. Don’t miss it! On her way to 🇨🇦, the Gorch Fock just encountered her 🇵🇹 sister ship, the NRP Sagres, near Bermuda. Both built by Bloom+Voss in Hamburg.
Going forward, Alphaville is going to be developing synergies with intention. www.ft.com/content/fda4...
Companies would like you to know they are doing things on purpose
The resistible rise of ‘with intention’
ft.com
That’s not good. She was the only thing holding the place together.
Mark Chadbourn@chadbourn.bsky.social · 2mo agoPutin’s central bank chief Elvira Nabiullina is missing. Clearly all going swimmingly in Russia and the economy is booming.
The Economist does a deep dive on the U.S. Treasury market. www.economist.com/special-repo...
The special role of the Treasury market is in peril
Government debt, inflation and unpredictable policymaking are putting the world’s most important asset under threat, argues Mike Bird in a special report
economist.com
Now I have The Electric Slide stuck in my head. Thanks CNN.
CNN@cnn.com · 2mo agoMexican authorities in an intelligence operation located a tunnel with an electronic sliding mechanism, allowing for hidden transit in both directions between Mexico and the US.
i hope this isn't a spoiler but is there any chance this research will say it's super smashing great and a benefit to all humanity? as.ft.com/r/2f8e46b7-d...
OpenAI’s foundation to spend $250mn on research into AI’s impact on economy
First indication of how group will deploy its cash after vowing in March to hand out $1bn over 12 months
as.ft.com
Robinhood will let users create a separate account with pre-loaded balance that an agent use to trade
Robinhood now lets your AI agents trade stocks | TechCrunch
Robinhood will let users create a separate account with pre-loaded balance that an agent use to trade
techcrunch.com
As a Bermudian, I really, really wish @economist.com would stop using the dated adjective “Bermudan”. It’s the equivalent of referring to Beijing as “Peking”, and they don’t do that.
Offshore finance is thriving despite crackdowns
There is a lot more to havens than crystal-clear waters and a promise of opacity
economist.com
I am perhaps, a bit too excited for this 😁
Robin Wigglesworth@robinwigglesworth.ft.com · 4mo agoAfter months of work, the FT's new finance history podcast is now finally live! 🥳 The first two episodes — hosted by Gillian Tett and yours truly — are on Mesopotamian debt and genius investors of yore. Pods on railway bonds, the Nixon Shock and the stones of Yap coming. www.ft.com/tsom?syn-25a...
The US Treasury market has only grown more dominant in recent decades, exploding in scale while its closest rivals have remained fragmented (the euro area), strictly controlled (China), or largely moribund (Japan). Global investors have no real alternatives:
Finally! A real world use for crypto. www.ft.com/content/02ae... Iran demands crypto fees for ships passing Hormuz during ceasefire
Iran demands crypto fees for ships passing Hormuz during ceasefire
Country’s oil exporters’ union says toll to be paid in cryptocurrency and vessels monitored for weapons
ft.com
Right. Still have a large dollar invoice outstanding. Would be grateful if my friends at @economist.com could put a big burning dollar bill or something on the cover this week.
The FT got is architecture critic Edwin Heathcote to write about data centres and it's wonderful. www.ft.com/content/7692...
