Patrick Boyle On Finance
211 episodes - English - Latest episode: 6 days ago - ★★★★★ - 120 ratingsThis podcast is all about quantitative finance and financial history. Subscribe to hear about financial markets, derivatives, and how investors use quantitative tools from statistics and corporate finance theory. Included are interviews with some of the most interesting thinkers in finance. Occasional longer form financial documentaries, open up fascinating elements of financial markets history. Patrick Boyle is a quantitative hedge fund manager, a university professor, and a former investment banker. To contact Patrick visit http://onfinance.org Find Patrick on YouTube at: https://www.youtube.com/c/PatrickBoyleOnFinance DISCLAIMER:This podcast is not affiliated with any financial institution. The information provided is for entertainment purposes only and does not constitute financial advice. Those seeking investment advice should seek out a registered professional in their home jurisdiction and confirm their credentials on your national regulator's website. Patrick Boyle is not responsible for any investment actions taken by viewers and his content should not be used as a basis for investment or other financial decisions.
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Episodes
The Pig Butchering Scam!
June 29, 2024 11:00 - 27 minutes - 19.1 MBSend us a Text Message. Every year, people around the world lose millions of dollars to a sophisticated scam known as “the pig butchering romance scam”. The scam takes its name from the victims, who the scammers call “pigs” that they "fatten up" before slaughter. It usually begins with a text message that appears to be a wrong number. People who respond are lured into a long conversation with a good-looking and wealthy stranger who eventually offers to teach them how to make money with c...
Millionaire Exodus?
June 22, 2024 20:00 - 28 minutes - 19.6 MBSend us a Text Message. Millionaires are leaving the UK faster than any country in the world other than China, new data shows. According to the Henley Private Wealth Migration Report, 9,500 millionaires, defined in US dollar terms are leaving the UK this year. Only China - which has more than twice as many people with seven-figure net worths - saw more millionaires leave. This is a new record outflow for the UK, with London expected to be especially hard hit. The top destinations for mill...
Financial Nihilism - Understanding Meme Stocks & Crypto
June 15, 2024 14:00 - 22 minutes - 15.3 MBSend us a Text Message. Demetri Kofinas came up with the term Financial Nihilism in 2019, describing it as a philosophy that treats the objects of speculation as though they are all intrinsically worthless. Financial nihilism according to Demetri represents an ideological standpoint that questions the value and legitimacy of financial systems, markets, and even the concept of money itself. It doesn’t involve a simple disregard for fundamental reality but a contempt for all fundamentals. ...
Election Chaos! India, Mexico & South Africa
June 09, 2024 13:00 - 24 minutes - 16.9 MBSend us a Text Message. India’s stock market took its worst tumble in four years after Indian Prime Minister Narendra Modi’s BJP lost its parliamentary majority in a surprise outcome. This result means that Modi will need to rely on smaller parties to form a governing majority in the Lok Sabha, the lower house of India’s parliament, raising uncertainty about the Indian leader’s ability to pursue his pro-business agenda. Surprise election results in Mexico and South Africa also shook mark...
How WallStreetBets Really Started - Trolls of Wall Street - With Nathaniel Popper
June 04, 2024 08:00 - 56 minutes - 38.6 MBSend us a Text Message. Trolls of Wall Street on Amazon: https://amzn.to/4e40D5M An interview with Nathaniel Popper the author of Trolls of Wall Street - How the Outcasts and Insurgents Are Hacking the Markets. Trolls of Wall Street is a new book telling the story of an improbable gang of self-proclaimed “degenerates” who made WallStreetBets into a cultural movement that moved from the fringes of the internet to the center of Wall Street, upending the global financial markets and changing ...
Was Endless Shrimp to Blame for Red Lobster's Bankruptcy?
May 27, 2024 18:00 - 17 minutes - 12.2 MBSend us a Text Message. Red Lobster was America’s largest casual dining seafood chain, with almost 600 locations across the United States and Canada. Its bankruptcy was announced earlier this week. The bankruptcy declaration insinuates that the chains equity owner who was also their biggest seafood supplier might have decided that their equity stake in the business was worthless, but that they could extract some extra value from the company before it declared bankruptcy by selling them a l...
Japan Spent 60 Billion Dollars Defending The Yen!
May 21, 2024 03:00 - 26 minutes - 18.2 MBSend us a Text Message. Over a four-day period Japan is suspected to have carried out two interventions to support the yen at an estimated cost of $59 billion dollars. The first intervention came after the yen fell below 160 to the dollar for the first time in 34 years. The second intervention came a few days later after Jerome Powell announced that a rate hike was unlikely to be the Fed’s next interest-rate move. The simplest explanation for the declining yen is that it is entirely driven...
Shell's Fake Carbon Credit Scandal Explained!
May 12, 2024 00:00 - 29 minutes - 20.5 MBSend us a Text Message. Europe’s largest oil and gas company Shell was accused in an investigative report from Greenpeace Canada of selling millions of carbon credits tied to CO2 removal that never took place. Let’s look at what Shell did, how carbon offsets work, and how environmentally beneficial they actually are. Patrick's Books: Statistics For The Trading Floor: https://amzn.to/3eerLA0 Derivatives For The Trading Floor: https://amzn.to/3cjsyPF Corporate Finance: https://amzn.to/3f...
Won't Somebody Please Think of The Traders??
May 04, 2024 15:00 - 17 minutes - 12.2 MBSend us a Text Message. The Société Générale Delta One Desk is back in the news after two traders were dismissed - accused of placing unauthorized risky options trades. Kavish Kataria – one of the traders in question - attacked the banks leadership with a LinkedIn post on Thursday saying the “entire risk team and other bosses” were equally responsible for the trades and complaining that his bonus had been withheld. The Delta One desk that Kataria worked on is the same trading desk where r...
The Handbag Wars! - Has The FTC Lost Control?
April 29, 2024 18:00 - 20 minutes - 13.8 MBSend us a Text Message. Lina Khan's Federal Trade Commission is suing to block Tapestry's $8.5 billion acquisition of Capri Holdings, saying the deal would harm consumers by reducing competition and raising prices in the affordable luxury handbag sector. Monday's lawsuit challenges the proposed deal that would have Tapestry controlling Coach, Kate Spade, Stuart Weitzman, Michael Kors, Versace and Jimmy Choo. According to the FTC, the acquisition could have a negative impact on the million...
Is Britain Falling Behind?
April 24, 2024 18:00 - 29 minutes - 20.2 MBSend us a Text Message. Check out Eight Sleep and unlock $200 off using my link: https://www.eightsleep.com/boyle/ British stocks closed at an all-time high this week, but as exciting as a new all-time high might sound, the British stock market has been lagging US and European stocks since the Brexit referendum. A recent report from Goldman Sachs says that the British economy is 5% smaller than it would have been had it remained in Europe. The IMF last week listed the UK in its Fiscal Mon...
Neom - The Line - The Rise and Fall of Saudi Arabia's Linear City.
April 16, 2024 20:00 - 32 minutes - 22.3 MBSend us a Text Message. Saudi Arabia’s plan to build a 170km long, 500m tall, mirrored city in the desert, filled with 9 million people has been curtailed to 2.4km long. According to Bloomberg, Saudi Arabia’s government had “scaled back its medium-term ambitions” for Neom, of which The Line is the most significant sub-project. The Saudi government had hoped to have 9M residents living in The Line by 2030, but this has been scaled back to fewer than 300,000, according to the report. The c...
What Happened to Electric Vehicle Sales?
April 05, 2024 15:00 - 25 minutes - 17.3 MBSend us a Text Message. Sales growth of electric vehicles has slowed dramatically this year. Tesla delivered 20% fewer cars in the first quarter of 2024 than in the prior quarter, and BYD who was previously the world’s biggest EV maker saw sales decline more than 40% over the same period. BYD’s EV sales were still up 13% when compared to the same quarter a year earlier, while Tesla’s sales were down 9%. Both companies have been slashing prices to stimulate demand. While EV sales overall ar...
What Has Happened to Electric Vehicle Sales?
April 05, 2024 15:00 - 25 minutes - 17.4 MBSales growth of electric vehicles has slowed dramatically this year. Tesla delivered 20% fewer cars in the first quarter of 2024 than in the prior quarter, and BYD who was previously the world’s biggest EV maker saw sales decline more than 40% over the same period. BYD’s EV sales were still up 13% when compared to the same quarter a year earlier, while Tesla’s sales were down 9%. Both companies have been slashing prices to stimulate demand. While EV sales overall are still rising, they are ...
Why are EV Sales Falling?
April 05, 2024 15:00 - 25 minutes - 17.4 MBSales growth of electric vehicles has slowed dramatically this year. Tesla delivered 20% fewer cars in the first quarter of 2024 than in the prior quarter, and BYD who was previously the world’s biggest EV maker saw sales decline more than 40% over the same period. BYD’s EV sales were still up 13% when compared to the same quarter a year earlier, while Tesla’s sales were down 9%. Both companies have been slashing prices to stimulate demand. While EV sales overall are still rising, they are ...
What the End of Japan’s Negative Interest Rates Means
March 29, 2024 09:00 - 14 minutes - 9.97 MBSend us a Text Message. Japan’s central bank raised interest rates last week for the first time in seventeen years, ending the world’s only remaining negative interest rate regime. The Bank of Japan also abandoned its yield curve control policy which has been in place since 2016, which saw it buying Japanese government bonds to keep longer term interest rates from rising. It has however maintained bond buying at the same pace for now. Patrick's Books: Statistics For The Trading Floor: ht...
Bankruptcies Rising Around The World
March 22, 2024 01:00 - 19 minutes - 13.7 MBSend us a Text Message. After a decade of decline, bankruptcy filings around the world are on the rise. In the United States, business bankruptcy filings rose more than 40 percent last year and non-business bankruptcy filings rose 16 percent. Bankruptcies in England and Wales just hit a 30-year high according to the latest figures. In Japan, corporate bankruptcies involving a total liability of 10 million Yen or more increased year on year by more than 35 percent. Patrick's Books: Statist...
Elon Musk Vs. OpenAI - The Lawsuit
March 08, 2024 17:00 - 20 minutes - 14.2 MBSend us a Text Message. Elon Musk filed a lawsuit last week against OpenAI and its CEO Sam Altman, alleging the company’s deal with Microsoft compromised the start-up’s original mission. Musk is seeking disgorgement, additional unspecified damages and specific performance. Let’s go through these claims one by one, see what legal experts have been saying about the case. We will also discuss the Open AI memo saying that the claims in this lawsuit suit stem from Elon’s regrets about not bei...
The Office Real Estate Crunch!
March 03, 2024 23:00 - 20 minutes - 13.8 MBSend us a Text Message. Office mortgage default rates are rising around the world which could mean problems for the banks, insurance companies and pension funds who lent money to real estate investors. Let’s discuss the distressed sales of office buildings that have been happening over the last few months, why New York Community Bancorp is down more that 65% year to date, what banking regulators are saying about loan portfolios at large US banks and how banks are hedging their loan books. ...
Is AI Actually Useful?
February 25, 2024 14:00 - 25 minutes - 17.4 MBSend us a Text Message. A new Harvard Business School study analyzed the impact of giving AI tools, to white collar workers at Boston Consulting Group. In the study, management consultants who were told to use Chat GPT when carrying out a set of consulting tasks were far more productive than their colleagues who were not given access the tool. Not only did AI-assisted consultants carry out tasks 25 per cent faster and complete 12 per cent more tasks overall, but their work was also assesse...
Are Exports the Only Source of Growth?
February 17, 2024 22:00 - 30 minutes - 20.7 MBSend us a Text Message. As the global fight over manufacturing share and exports heats up, with surplus economies doubling down on exports, and deficit economies discussing protectionist strategies, the policies of the largest global economies are in clear conflict. Are trade wars likely, how do they work, and can the global economy regain balance? Michael Pettis Books: The Great Rebalancing: https://amzn.to/4bDIGKf Trade Wars Are Class Wars: https://amzn.to/3I2xHMH Patrick's Books: Stati...
Adam Neumann Buying Back WeWork?
February 10, 2024 20:00 - 15 minutes - 10.5 MBSend us a Text Message. Adam Neumann has been trying to buy WeWork - the company he cofounded out of bankruptcy — allegedly with the help of the hedge fund manager Dan Loeb of Third Point. Neumann’s new real estate company "Flow" has sent a letter to WeWork requesting that they consider its takeover approach. Flow has already raised $350 million from the venture capital firm Andreessen Horowitz, disclosed in the letter that Loeb’s Third Point would help finance a transaction. The Financ...
Elon Musk Pay Deal Voided - Should Tesla Reincorporate in Texas?
February 03, 2024 17:00 - 34 minutes - 23.4 MBSend us a Text Message. A Delaware court this week voided Elon Musk’s $55.8 billion dollar pay deal with Tesla. The voiding of these stock options erases about a quarter of Musk’s current wealth. The judgement came in response to a shareholder lawsuit launched by Richard Tornetta who owned nine shares in the company. Judge Kathaleen McCormick found Tesla directors, who negotiated the pay package, were "perhaps starry eyed" due to Musk's "superstar appeal" and did not adequately inform shar...
Risk & Return - The Jesse Livermore Story
January 29, 2024 20:00 - 54 minutes - 37.5 MBSend us a Text Message. Jesse Lauriston Livermore was a famed American stock trader known for his huge successes and devastating failures in the early 20th century. Starting as a "chalkboard boy" in a Boston brokerage, he became hugely wealthy as a trader first in "bucket shops" and then on the exchange in New York. Livermore made millions in the Panic of 1907, the roaring 20's and in the 1929 market crash. His experiences are chronicled in the classic "Reminiscences of a Stock Operator" b...
Startups Are Shutting Down!
January 21, 2024 21:00 - 18 minutes - 12.9 MBSend us a Text Message. Big startups are shutting down. More than 3000 private venture backed startups failed in the last year. Of the startups raising money, 19% were funded at a lower valuation than in prior funding rounds. 38% of VCs disappeared from dealmaking last year and more than a quarter of a million workers at tech companies lost their jobs over the same period. US corporate bankruptcy filings closed out 2023 with the most filings since 2010. The year has been described as a mas...
Are You In The One Percent?
January 15, 2024 01:00 - 30 minutes - 20.6 MBSend us a Text Message. How much do you need to earn per year to be in the top 1%? The answer to this question varies depending on if you are asking about the 1% in a given country or globally? In today's podcast we discuss how much you have to earn and how wealthy you have to be to be considered in the top one percent. We discuss the careers and lifestyles of the one percent. We look at inequality research to understand if inequality is actually growing as much as researchers like Thom...
Why China is Flooding Europe with Cars.
January 09, 2024 17:00 - 25 minutes - 17.6 MBSend us a Text Message. How is China able to sell European drivers so many cheap cars? Customs data shows that Chinese EV shipments to the European Union have increased by 361% since 2021. All over the world, Chinese automakers are taking market share which is threatening European automakers. Patrick's Books: Statistics For The Trading Floor: https://amzn.to/3eerLA0 Derivatives For The Trading Floor: https://amzn.to/3cjsyPF Corporate Finance: https://amzn.to/3fn3rvC Patreon Page: h...
The Downfall of Dozy Mmobuosi
December 29, 2023 18:00 - 25 minutes - 17.4 MBSend us a Text Message. Dozy Mmobuosi, the founder and CEO of Tingo Mobile has been accused by US Regulators of running a "staggering fraud." Tingo Mobile claimed to provide mobile phones to rural farmers in Nigeria and build a fintech super app. It quickly grew into a multibillion-dollar empire with a listing on New York’s Nasdaq stock exchange. Dr Dozy, the London-based tycoon attempted to buy the Premier League football team Sheffield United but struggled to prove his financial resourc...
2023 - The Financial Year in Review
December 23, 2023 17:00 - 34 minutes - 23.7 MBSend us a Text Message. In this week's podcast we look at the biggest financial news stories of the year, bank runs, The Elon Musk - Mark Zuckerberg fight, The Sam Bankman Fried Trial and much more. Patrick's Books: Statistics For The Trading Floor: https://amzn.to/3eerLA0 Derivatives For The Trading Floor: https://amzn.to/3cjsyPF Corporate Finance: https://amzn.to/3fn3rvC Patreon Page: https://www.patreon.com/PatrickBoyleOnFinance Buy Me a Coffee: https://buymeacoffee.com/patrickboyle...
The Frozen US Real Estate Market.
December 16, 2023 02:00 - 20 minutes - 14.1 MBSend us a Text Message. Higher mortgage rates should be expected to depress the housing market, and the US has just seen one of the steepest rate increases in history. Would-be homebuyers are facing massive sticker shock, with measures of affordability worsening at the fastest pace on record. The US real estate market has frozen up with the volume of new sales slowing at a faster pace than even during the aftermath of the global financial crisis. Does this mean that home prices are about...
Javier Milei - Taking a Chainsaw to the Argentine Economy.
December 09, 2023 01:00 - 31 minutes - 22 MBSend us a Text Message. Argentina’s new president, Javier Milei describes himself as an anarcho- capitalist and says that he will take a chainsaw to the Argentine economy. He has campaigned that he will dollarize the economy and shut down the central bank. What does this mean, and could it work? Argentina mostly exports agricultural commodities but used to be one of the wealthiest nations in the world. Decades of economic mismanagement have destroyed the economy and created a web of artif...
Twitter is Going Bankrupt!
December 02, 2023 19:00 - 28 minutes - 19.9 MBSend us a Text Message. Elon Musk told advertisers who have halted spending on X due to his endorsement of an antisemitic post to “go f**k” themselves, in an unhinged interview with Andrew Ross Sorkin (who Elon calls Jonathan). Musk said that a recent exodus of big brands was “going to kill the company, and the whole world will know the advertisers killed the company”. Musk, who bought Twitter (which he has renamed X) for $46.5 billion dollars (including transaction costs) in October 2022,...
Sam Altman and OpenAI. What went wrong?
November 23, 2023 23:00 - 19 minutes - 13.4 MBSend us a Text Message. Fired CEO Sam Altman will return to run OpenAI - the company he co-founded, following days of speculation and turmoil at the leading generative artificial intelligence start-up. In a dramatic reversal, Altman, who was fired by OpenAI’s board of directors last week, will be reinstated under the supervision of a new board. Greg Brockman, the co-founder and president who quit the company on Friday after Altman was fired, will return alongside him. Under an “agreemen...
The Man Who Modernized China
November 21, 2023 02:00 - 35 minutes - 24.3 MBSend us a Text Message. When Mao Zedong died in 1976 his successors seized the opportunity to reassess the wisdom of Chinas rigid commitment to Marxist doctrine. With Deng Xiaoping in charge, China scoured the globe in search of economic expertise to put China on the path to domestic prosperity and ultimately global economic power. The World Bank describes China’s growth as “the fastest sustained expansion by a major economy in history,” In today's video we try to understand what changes ...
The End of the Peace Dividend
November 11, 2023 02:00 - 20 minutes - 14.4 MBSend us a Text Message. Russia’s invasion of Ukraine was a wake-up call to all western governments. Alongside China’s rise, the threat of a nuclear-armed Iran and instability in Africa, the new era of global conflict has forced governments around the world to commit to more defense spending. Will voters around the world accept the high price of military deterrence? Patrick's Books: Statistics For The Trading Floor: https://amzn.to/3eerLA0 Derivatives For The Trading Floor: https://amzn....
Are Ray Dalio's Principles the Secret to His Success?
November 07, 2023 22:00 - 1 hour - 45 MBSend us a Text Message. Sign up for Compounded Daily at this link: https://www.compoundeddaily.com/ Since founding Bridgewater nearly 50 years ago, Ray Dalio has become one of the world’s richest investors. He is widely credited with having predicted and profited from both the 1987 crash and the 2008 financial crisis. He is the founder of the world’s largest hedge fund and is one of the most successful businessmen alive, yet he professes to be seeking something more meaningful than just mo...
Sam Bankman Fried - Guilty on All Charges!
November 04, 2023 02:00 - 23 minutes - 16.2 MBSend us a Text Message. A jury has found Sam Bankman-Fried guilty of all seven criminal counts against him. The FTX founder faces a maximum sentence of 115 years in prison. In today's podcast we discuss the findings of the trial and speak with Tiffany Fong who has been there in person reporting from the courthouse in New York along with people like Michael Lewis. Tiffany Fong YouTube Channel Tiffany Fong Twitter Patrick's Books: Statistics For The Trading Floor: https://amzn.to/3eerLA0 ...
Is This a Golden Age of Fraud?
October 28, 2023 03:00 - 23 minutes - 15.9 MBSend us a Text Message. A podcast about how "passive income" money-making scams seem to have taken over the internet, and the economic implications of such scams. Patrick's Books: Statistics For The Trading Floor: https://amzn.to/3eerLA0 Derivatives For The Trading Floor: https://amzn.to/3cjsyPF Corporate Finance: https://amzn.to/3fn3rvC Patreon Page: https://www.patreon.com/PatrickBoyleOnFinance Buy Me a Coffee: https://buymeacoffee.com/patrickboyle Visit our website: www.onfinance.o...
The Big Bond Selloff!
October 20, 2023 03:00 - 19 minutes - 13.6 MBSend us a Text Message. The 10-year U.S. Treasury yield closed above 4.9% yesterday, its highest level since July 2007. The bond-market sell-off that's pushing yields higher is starting to eclipse some of the most extreme market meltdowns of past eras. Losses on Ten Year Treasury Bonds are close to 50% since March 2020, while the 30-year bond had plunged even more. Those losses are nearly in line with stock-market losses seen during the worst crashes of recent stock market history — when ...
Is Ireland Really the World's Richest Country?
October 14, 2023 01:00 - 23 minutes - 16.4 MBSend us a Text Message. Oil rich countries have long used sovereign-wealth funds to store their windfall profits from periods of high prices for future years when hard times might arise. Ireland on Tuesday created its own sovereign wealth fund thanks to outsize tax revenues from international companies seeking to lower their tax bills. In the past eight years, the country of five million people has watched its corporate tax income triple to the tune of 22.6 billion euros last year, equiva...
The Inevitable Decline of WeWork
October 08, 2023 04:00 - 36 minutes - 25.2 MBSend us a Text Message. WeWork announced this week that it would not make two sets of interest payments totaling about $95 million, a move meant to jump-start negotiations with its lenders at the same time it tries to cut costs with its landlords. The missed interest payments will spur speculation of a bankruptcy filing. But WeWork says it has the cash on hand, and the company has a 30-day grace period to make the payments, which were due Monday. At the end of June, it had $205 million in ...
Billions of Dollars Trapped In Russia!
September 29, 2023 01:00 - 19 minutes - 13.3 MBSend us a Text Message. A large number of western firms have continued to operate and invest in Russia since Putin’s invasion of Ukraine. These companies are estimated to have earned profits of around $20 billion dollars since the invasion. The problem for these companies is that the Kremlin has blocked them from accessing those profits in an effort to clamp down on companies from what they call “unfriendly nations.” Will these companies be able to repatriate these profits at some point i...
How Involved Were Sam Bankman Fried's Parents?
September 23, 2023 02:00 - 30 minutes - 20.7 MBSend us a Text Message. FTX has sued Joseph Bankman and Barbara Fried, the parents of Sam Bankman-Fried, claiming they enriched themselves by siphoning off millions of dollars in “fraudulently transferred and misappropriated funds” from the cryptocurrency exchange their son founded. In a court filing earlier this week, the FTX debtors said Joseph Bankman and Barbara Fried, both of whom are tenured professors at Stanford Law School, used their influence to funnel money from the business to ...
The Top Seven Biggest Business Mistakes!
September 20, 2023 12:00 - 20 minutes - 14.4 MBSend us a Text Message. When a company, brand or product gets really big, it can be easy to imagine that company will remain in business forever. Yet businesses rise and fall over time, with millions and billions of dollars changing hands as executives try to stay current on what consumers want at any given time. Today let's look at some of the biggest business mistakes in history. Patrick's Books: Statistics For The Trading Floor: https://amzn.to/3eerLA0 Derivatives For The Trading Floor...
Number Go Up - Zeke Faux Interview
September 16, 2023 13:00 - 1 hour - 51.4 MBSend us a Text Message. Bloomberg journalist Zeke Faux travelled around the world to better understand the world of crypto currencies, meeting the biggest names in the space on superyachts in the Caribbean and at parties in Miami and travelling to El Salvador to see how bitcoin is being used in the real world. Along the way he buys a Bored Ape with his book advance and sends Tether to a scammer in Cambodia to learn the real-world uses of cryptocurrencies. Here is a link to the book on Ama...
The Biggest US Trading Partner Is No Longer China!
September 14, 2023 03:00 - 26 minutes - 18 MBSend us a Text Message. The US-China trade war is rewiring global trade. While the US seeks to reduce its reliance on China and other geopolitical rivals and start sourcing imports from closer to home, Mexico is starting to shine. Mexico has just overtaken China as the biggest supplier of goods to the United States. Patrick's Books: Statistics For The Trading Floor: https://amzn.to/3eerLA0 Derivatives For The Trading Floor: https://amzn.to/3cjsyPF Corporate Finance: https://amzn.to/3fn...
Goldman Sachs Helps China buy Foreign Companies
September 05, 2023 18:00 - 17 minutes - 12.4 MBSend us a Text Message. Get one month of complete digital access to the Financial Times for $1 by clicking here: https://subs.ft.com/patrick_boyle?segmentId=979ca37f-c690-7295-5eba-bf4ff33d3bb4 Goldman Sachs is reported in the FT to have used a fund set up with Chinese state money to buy a series of US and UK companies, including one with a cyber security business that provides services to the British government, even as tensions rise between Beijing and the west. Goldman struck seven dea...
In China - Don't Say Deflation
August 29, 2023 02:00 - 27 minutes - 19 MBSend us a Text Message. Click my CoPilot https://go.mycopilot.com/PatrickBoyle link to get a 14-day FREE trial with your own personal trainer! China’s economy has been struggling to reawaken from an economic shutdown that was officially ended last year. Chinese authorities are now reported to be pressuring economists and analysts within the country to avoid discussing any negative trends and to avoid using the word deflation, as concerns grow about the leaderships’ ability to stimulate th...
The Panic of 1907 - How JP Morgan Saved the US Economy.
August 25, 2023 02:00 - 44 minutes - 30.4 MBSend us a Text Message. The Panic of 1907 was a six-week stretch of bank runs in October and early November of 1907, where the stock market crashed, the city ran out of money and numerous banks and brokerage firms went bankrupt. The event was triggered by an earthquake a year earlier in San Francisco and a failed short squeeze in United Copper stock by Fritz Augustus Heinze and Charles W Morse. J. Pierpont Morgan famously took action to bring the business community together to save the US...
Can Our Power Grids Handle the Green Energy Boom?
August 19, 2023 00:00 - 24 minutes - 16.9 MBSend us a Text Message. The demand for electricity has been soaring around the world, and this increase in demand is expected to continue. Governments have been creating rules to electrify transportation, heating, household appliances and even industrial processes. In today's podcast we look at the electric grids that we have in place and copper production to discuss if our power grids can handle the green energy boom? Patrick's Books: Statistics For The Trading Floor: https://amzn.to/3e...