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
Reposted by Paolo Bernardi
Reposted by Paolo Bernardi
In universities across the country this week, Lionel Robbins' definition will be rolled out for the start of introductory economics courses. Joan Robinson's observation about its timing will probably receive less attention. www.jstor.org/stable/18215...
October 7, 2026 at 8:29 AM
In universities across the country this week, Lionel Robbins' definition will be rolled out for the start of introductory economics courses. Joan Robinson's observation about its timing will probably receive less attention. www.jstor.org/stable/18215...
CRITICAL. Drones attacked 2 (Turkish) cargo vessels in the Bulgarian corridor of the Black Sea. One sank, the other one disabled. Putin escalating toward Europe; at starting Ukraine occupation he clearly stated his intentions.
Sea and aerial drones hit the ships at about 3am local time (2am CET), around 70 nautical miles east of the town of Byala in Bulgaria's exclusive economic zone, Prime Minister Rumen Radev said.
www.euronews.com/2026/10/06/d...
www.euronews.com/2026/10/06/d...
Search for missing crew after drones sink cargo ship off Bulgaria
A passing ferry found an overturned lifeboat and life jackets at the scene of the missing boat. A second ship was also attacked and both are Turkish-owned. #EuropeNews
www.euronews.com
October 6, 2026 at 2:01 PM
CRITICAL. Drones attacked 2 (Turkish) cargo vessels in the Bulgarian corridor of the Black Sea. One sank, the other one disabled. Putin escalating toward Europe; at starting Ukraine occupation he clearly stated his intentions.
Reposted by Paolo Bernardi
🤔
U.S.-Russia Talks on Ukraine Now Involve an Oil Deal Tied to Trump Allies www.nytimes.com/2026/10/03/u...
U.S.-Russia Talks on Ukraine Now Involve an Oil Deal Tied to Trump Allies www.nytimes.com/2026/10/03/u...
U.S.-Russia Talks on Ukraine Now Involve an Oil Deal Tied to Trump Allies (Gift Article)
President Vladimir V. Putin brought up a sale of Russian energy assets with President Trump’s envoys, Jared Kushner and Steve Witkoff, pushing a deal that raises new questions about conflicts of inter...
www.nytimes.com
October 3, 2026 at 4:52 PM
🤔
U.S.-Russia Talks on Ukraine Now Involve an Oil Deal Tied to Trump Allies www.nytimes.com/2026/10/03/u...
U.S.-Russia Talks on Ukraine Now Involve an Oil Deal Tied to Trump Allies www.nytimes.com/2026/10/03/u...
Imagine being a tech company and your streamed conference call is not working because connection is deemed unsecure...
September 30, 2026 at 8:16 PM
Imagine being a tech company and your streamed conference call is not working because connection is deemed unsecure...
NVDA announced buy back is 1.2 times NI LTM, already inflated by equity stakes gains on other AI investments.
It seems very different structurally than AAPL’ one. AAPL buyback is ex-growth, with no customer-financing book, at 2% coupons. NVDA is doing it while underwriting its own demand. ⤵️
It seems very different structurally than AAPL’ one. AAPL buyback is ex-growth, with no customer-financing book, at 2% coupons. NVDA is doing it while underwriting its own demand. ⤵️
September 28, 2026 at 7:17 PM
NVDA announced buy back is 1.2 times NI LTM, already inflated by equity stakes gains on other AI investments.
It seems very different structurally than AAPL’ one. AAPL buyback is ex-growth, with no customer-financing book, at 2% coupons. NVDA is doing it while underwriting its own demand. ⤵️
It seems very different structurally than AAPL’ one. AAPL buyback is ex-growth, with no customer-financing book, at 2% coupons. NVDA is doing it while underwriting its own demand. ⤵️
Reposted by Paolo Bernardi
Jan-Werner Müller: "Many people in the United States have come to understand how voices from the center—supposedly moderate by definition—can in fact strengthen right-wing extremism. Perhaps the mistakes observed in America can still be avoided in Europe." Precisely. www.faz.net/aktuell/feui...
Wie die vermeintliche politische Mitte den Rechtsextremismus stärkt
„Das hilft doch nur den Rechten“: Mit dieser Losung kritisierten liberale politische Theoretiker die vermeintlichen Exzesse des Bürgerrechtsschutzes. Ihr reaktionärer Zentrismus hat selbst nur den Rec...
www.faz.net
September 24, 2026 at 4:11 PM
Jan-Werner Müller: "Many people in the United States have come to understand how voices from the center—supposedly moderate by definition—can in fact strengthen right-wing extremism. Perhaps the mistakes observed in America can still be avoided in Europe." Precisely. www.faz.net/aktuell/feui...
Reposted by Paolo Bernardi
Strait of Hormuz flows are hovering at ~13-14 million barrels a day (7-day average). That's about the same as the brief peak in July. But with two notable difference: a) Iranian flows are zero (rather than ~2m b/d); b) all flows are fresh loadings, rather than pre-loaded tankers.-Bloomberg
September 26, 2026 at 1:34 PM
Strait of Hormuz flows are hovering at ~13-14 million barrels a day (7-day average). That's about the same as the brief peak in July. But with two notable difference: a) Iranian flows are zero (rather than ~2m b/d); b) all flows are fresh loadings, rather than pre-loaded tankers.-Bloomberg
I am sorry…
WUT?
WUT?
As US officials investigate how parts of an F-35 stealth aircraft ended up in Beijing’s possession, one possible explanation lies in a UPS logistics chain that routinely directs Asia shipments through China
F-35 Parts Seized on UPS Path to US That Often Stops in China
As US officials investigate how parts of an F-35 stealth aircraft ended up in Beijing’s possession, one possible explanation lies in a United Parcel Service Inc. logistics chain that routinely directs Asia shipments through China.
bloom.bg
September 26, 2026 at 4:14 AM
I am sorry…
WUT?
WUT?
Reposted by Paolo Bernardi
People are apparently considering wearing something made by Meta made on their face.
Incredible.
Incredible.
September 25, 2026 at 2:39 PM
People are apparently considering wearing something made by Meta made on their face.
Incredible.
Incredible.
#$ORCL balance sheet is fragile and its revenue is concentrated in one unprofitable company. If they go down companies that have recorded revenue stretching GAAP rule, recognizing as sales today sales that are spanning 5 years period, plus the circular financing ones, are in big trouble.
$ORCL sends force majuere notice over NM data center
-2.9%
-2.9%
September 24, 2026 at 1:10 PM
#$ORCL balance sheet is fragile and its revenue is concentrated in one unprofitable company. If they go down companies that have recorded revenue stretching GAAP rule, recognizing as sales today sales that are spanning 5 years period, plus the circular financing ones, are in big trouble.
Reposted by Paolo Bernardi
Bloomberg: "Chinese gold imports through August topped 1,000 tons, surpassing the total posted for the whole of 2025."
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
China’s Gold Imports Top 1,000 Tons on Strong Investment Demand
Chinese gold imports are at record levels this year, helped by a slump in international prices and a firmer yuan.
www.bloomberg.com
September 22, 2026 at 4:37 AM
Bloomberg: "Chinese gold imports through August topped 1,000 tons, surpassing the total posted for the whole of 2025."
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Palantir CEO is SNL Fred Armisen Nicholas Fehn… you can’t unsee this 😅
www.instagram.com/reel/DaZMX75...
www.instagram.com/reel/DaZMX75...
Instagram
Create an account or log in to Instagram - Share what you're into with the people who get you.
www.instagram.com
September 21, 2026 at 1:26 PM
Palantir CEO is SNL Fred Armisen Nicholas Fehn… you can’t unsee this 😅
www.instagram.com/reel/DaZMX75...
www.instagram.com/reel/DaZMX75...
Reposted by Paolo Bernardi
🤬🤬🤬
These MFers belong in prison.
ABOLISH ICE!
As Seattle festival reveled in Latino culture, ICE swooped in nearby
www.seattletimes.com/seattle-news...
ABOLISH ICE!
As Seattle festival reveled in Latino culture, ICE swooped in nearby
www.seattletimes.com/seattle-news...
As Seattle festival reveled in Latino culture, ICE swooped in nearby
As the colorful festival celebrated Latin American nations, the realities of life under an immigration crackdown felt distant — but also just around the corner.
www.seattletimes.com
September 21, 2026 at 1:40 AM
🤬🤬🤬
China’s path is quite similar to Japan’s. Credit expansion (fueled by land-backed loans) and business activity expansion. Imbalances exported. Credit tightening meant even more exports (but with increasingly diminishing returns). Japan businesses next step was kudos (hollowing out)⤵️
I just finished Logan Wright's new book on the Chinese economy. It provides a great deal of data to support the claim that China’s enormous credit expansion is running out of room, leaving Beijing under growing pressure to rely on exports to keep economic activity from declining.
September 19, 2026 at 12:52 PM
China’s path is quite similar to Japan’s. Credit expansion (fueled by land-backed loans) and business activity expansion. Imbalances exported. Credit tightening meant even more exports (but with increasingly diminishing returns). Japan businesses next step was kudos (hollowing out)⤵️
Reposted by Paolo Bernardi
A political adviser to the IRGC commander, Mohammad Bakr Zo-Alkadar, said the Strait of Hormuz will remain closed as long as Donald Trump and Benjamin Netanyahu hold power.
September 17, 2026 at 2:49 PM
A political adviser to the IRGC commander, Mohammad Bakr Zo-Alkadar, said the Strait of Hormuz will remain closed as long as Donald Trump and Benjamin Netanyahu hold power.
4.5T ? Is massive and it will be disruptive
1/4
Caixin: "China has unveiled a sweeping five-year plan for its electronic information manufacturing sector, aiming to boost the industry’s annual revenue beyond 30 trillion yuan ($4.5 trillion) by 2030."
www.caixinglobal.com/2026-09-17/c...
Caixin: "China has unveiled a sweeping five-year plan for its electronic information manufacturing sector, aiming to boost the industry’s annual revenue beyond 30 trillion yuan ($4.5 trillion) by 2030."
www.caixinglobal.com/2026-09-17/c...
China Targets $4.5 Trillion Tech Manufacturing Sector by 2030
A newly unveiled five-year plan prioritizes breakthroughs in AI, advanced computing, and semiconductor supply chains to bolster industrial self-reliance
www.caixinglobal.com
September 17, 2026 at 3:56 AM
4.5T ? Is massive and it will be disruptive
Reposted by Paolo Bernardi
A food historian who once represented Russia at the World Expo has been handed a hefty prison sentence in a closed-door trial over a 2022 Telegram post about Bucha. He refuses to abandon his anti-war stance
en.zona.media/article/2026...
en.zona.media/article/2026...
“Undeniably political”. Celebrated food historian Pavel Syutkin sentenced to 6 years in Moscow over posts against the war in Ukraine
A Moscow court sent prominent Russian food historian Pavel Syutkin who once officially represented the country at a world fair has been sentenced to prison for six years on charges...
en.zona.media
September 15, 2026 at 2:30 PM
A food historian who once represented Russia at the World Expo has been handed a hefty prison sentence in a closed-door trial over a 2022 Telegram post about Bucha. He refuses to abandon his anti-war stance
en.zona.media/article/2026...
en.zona.media/article/2026...
Reposted by Paolo Bernardi
Denmark summoned the Russian ambassador after a Russian frigate fired two flares at a Danish military helicopter in international waters off Gedser, one passing close to the aircraft. - Danish Armed Forces
September 15, 2026 at 2:03 PM
Denmark summoned the Russian ambassador after a Russian frigate fired two flares at a Danish military helicopter in international waters off Gedser, one passing close to the aircraft. - Danish Armed Forces
ICIJ investigation another must read. London' ICBC continued to serve high risk clients including sanctioned Russian and Belarusian business owners. Capital but also non-bank 'services' (similar to a famous Russian bank). "Authoritarian capital, in the end is quite corrosive capital".
#ChinaCapital: ICIJ’s newest global investigation with 23 media partners exposes how the world’s biggest bank, the Industrial and Commercial Bank of China, maneuvers behind closed doors to help Beijing achieve its geopolitical goals. www.icij.org/investigatio...
September 15, 2026 at 11:48 AM
ICIJ investigation another must read. London' ICBC continued to serve high risk clients including sanctioned Russian and Belarusian business owners. Capital but also non-bank 'services' (similar to a famous Russian bank). "Authoritarian capital, in the end is quite corrosive capital".
Reposted by Paolo Bernardi
3/3
The former is a proxy for GDP and the latter for consumption. When GDP grows faster than consumption, the economy must balance either with a rise in investment or a surge in the trade surplus. In August, fixed asset investment plunged 7.2% year to date, deepening from a 6.7% fall in July.
The former is a proxy for GDP and the latter for consumption. When GDP grows faster than consumption, the economy must balance either with a rise in investment or a surge in the trade surplus. In August, fixed asset investment plunged 7.2% year to date, deepening from a 6.7% fall in July.
September 15, 2026 at 4:25 AM
3/3
The former is a proxy for GDP and the latter for consumption. When GDP grows faster than consumption, the economy must balance either with a rise in investment or a surge in the trade surplus. In August, fixed asset investment plunged 7.2% year to date, deepening from a 6.7% fall in July.
The former is a proxy for GDP and the latter for consumption. When GDP grows faster than consumption, the economy must balance either with a rise in investment or a surge in the trade surplus. In August, fixed asset investment plunged 7.2% year to date, deepening from a 6.7% fall in July.
Reposted by Paolo Bernardi
Saudi Arabia has activated early warnings across Yanbu, Taif, Jeddah, Abha and Jazan.
Pretty significant fire in distance and numbers tonight.
Pretty significant fire in distance and numbers tonight.
September 15, 2026 at 1:53 AM
Saudi Arabia has activated early warnings across Yanbu, Taif, Jeddah, Abha and Jazan.
Pretty significant fire in distance and numbers tonight.
Pretty significant fire in distance and numbers tonight.
Reposted by Paolo Bernardi
The Houthis launched attacks using ballistic missiles and drones against civilian targets in Khamis Mushait, Abha and Taif.
The attacks resulted in 13 civilian injuries, ranging from minor to moderate. Seven houses and two vehicles were damaged.
The attacks resulted in 13 civilian injuries, ranging from minor to moderate. Seven houses and two vehicles were damaged.
September 15, 2026 at 12:49 AM
The Houthis launched attacks using ballistic missiles and drones against civilian targets in Khamis Mushait, Abha and Taif.
The attacks resulted in 13 civilian injuries, ranging from minor to moderate. Seven houses and two vehicles were damaged.
The attacks resulted in 13 civilian injuries, ranging from minor to moderate. Seven houses and two vehicles were damaged.
Reposted by Paolo Bernardi
Damaged Saudi oil pipeline reportedly out of service 'several weeks'.-AP
September 14, 2026 at 3:16 PM
Damaged Saudi oil pipeline reportedly out of service 'several weeks'.-AP
🧵(1/7) Watch out for next 10Q from ORCL. June 22nd 10b5-1 has been killed; when adopted was $8.75B; at 7.5B "too undervalued" Larry can't sell ... Ellison has 346million shares (30% of his position) pledged as collateral for personal debt; now is 40B 👀 = the collateral is half the size used to be ⤵️
September 14, 2026 at 4:38 PM
🧵(1/7) Watch out for next 10Q from ORCL. June 22nd 10b5-1 has been killed; when adopted was $8.75B; at 7.5B "too undervalued" Larry can't sell ... Ellison has 346million shares (30% of his position) pledged as collateral for personal debt; now is 40B 👀 = the collateral is half the size used to be ⤵️