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DateTitreDurée
07 Feb 2022DOJ Launches Criminal Investigation Into Short Selling!00:12:47

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US criminal authorities are gathering information on contacts among dozens of short selling hedge funds and research outfits as they investigate possible trading abuses by hedge funds.  This comes after complaints from GameStop and AMC Shareholders.

The Department of Justice has sent subpoenas asking for information about a list of more than two dozen firms to a smaller group of market participants. Among other things, they are asking for calendar information and communications.

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

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle on YouTube

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13 Feb 2022Meet Razzlekhan - 'The Crocodile of Wall Street'00:15:35

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A married couple has been arrested and charged with laundering billions in Bitcoin stolen during the 2016 Bitfinex hack, as the Justice Department announced its largest financial seizure ever.

Ilya 'Dutch' Lichtenstein, and his wife, Heather Rhiannon Morgan aka Razzlekhan or The Crocodile of Wall Street, were arrested on Tuesday in Manhattan on federal charges of conspiracy to commit money laundering and conspiracy to defraud the United States.

Federal law enforcement officials said they recovered roughly $3.6 billon in cryptocurrency linked to the hack of Bitfinex, a virtual currency exchange whose systems were breached nearly six years ago. 

Dutchy & The Croc live on Wall Street in lower Manhattan. He is a citizen of both Russia and the United States and the co-founder of an online marketing firm.

Morgan, a rapper and former Forbes contributor, describes herself as 'an expert in persuasion, social engineering, and game theory' and in one of her songs, declared herself the 'Crocodile of Wall Street.'

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

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle YouTube Channel

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26 Feb 2022What Does Being Cut Off From SWIFT Mean For Russia?00:08:05

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The US President said on Thursday that the United States and Europe were united in their efforts to confront Russian aggression toward Ukraine with aggressive sanctions. However, there was one area where he suggested that there was some disagreement: SWIFT.

The  messaging service, called the Society for Worldwide Interbank Financial Telecommunications, connects more than 11,000 financial institutions around the world. It is viewed as a potential nuclear option in the world of sanctions because, if Russia was kicked off SWIFT, the nation would essentially be severed from much of the global financial system.

But doing so would not be simple and could come with its own set of complications for countries outside Russia.

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

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle On Finance YouTube

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27 Feb 2022The Economic Effects of Russia’s Invasion of Ukraine.00:18:15

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Russia’s invasion of Ukraine risks disrupting the export of critical commodities and rupturing supply chains. Industries from food to cars and fertilizer makers to aircraft manufacturers will be hit by disruption to exports.

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

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle On Finance YouTube Channel

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05 Mar 2022Will The West Ban Russian Oil Imports?00:13:44

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In Today’s podcast we discuss if the west can place an embargo on Russian energy exports?

Western leaders have threatened Vladimir Putin with sweeping sanctions over his invasion of Ukraine but, they have been clear that they would avoid disrupting energy supplies.

Hitting energy exports is no longer as due to the brutality of Putin’s war and the idea of targeting oil and gas exports is no longer off the table — even if it damages western economies in the process.

Canada - a tiny buyer of Russian energy, has blocked crude imports and in the US, President Joe Biden is under mounting pressure from a diverse coalition of Republicans and Democrats, to ban Russian oil and gas.

How would this affect the global oil markets or impact inflation in the west?

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

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle On Finance YouTube Channel

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12 Mar 2022What Happens To Sanctioned Oligarchs Assets?00:19:13

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The UK announced new sanctions yesterday relating to the Russian invasion of Ukraine, targeting seven oligarchs with links to Vladimir Putin. Among them is Roman Abramovich, the owner of Chelsea FC.

In today's video we try to answer three questions: Who owns Chelsea FC right now? What happens with the other Russian assets being seized around the world?  And, what happens with Russian financial assets like stocks and bonds that westerners own that have stopped trading due to the new sanctions?

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

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle On Finance YouTube Channel

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19 Mar 2022The Nickel Trading Catastrophe on the LME00:21:25

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In markets, there are few principles considered more important by traders than the idea that when a commitment to a deal is made, it should stand come what may.

So, there was uproar in the commodities market last week over the London Metal Exchange’s decision to bring the global nickel market to a halt and cancel futures trades because of a “short squeeze” on a Chinese tycoon facing potential billions of dollars of losses.

In one of the most controversial moments in its 145-year history, the LME cancelled an entire days’ worth of trades after a near doubling of the price of nickel, a metal used in stainless steel and electric vehicle batteries.

The rally, partially sparked off by Russia’s invasion of Ukraine, had left Xiang Guangda, the tycoon behind Tsingshan Holding, China’s leading stainless steel and nickel manufacturing group, unable to meet demands for extra cash on a huge bearish bet that backfired. The LME believes that if had it forced the settlement of the trades, it would have bankrupted some of its smaller members and its decision was “in the interests of the market as a whole”.

In today’s video we look at what happened in the nickel market and how it is working itself out.

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

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle On Finance - YouTube Channel

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26 Mar 2022Planes Trapped In Russia!00:14:10

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As the clock runs down to Monday's sanctions deadline for Russian airlines to hand back more than 450 leased planes worth almost $10 billion, foreign lessors are fast losing hope that they will get their planes back. As the owners rushed to repossess the planes, the Kremlin moved quickly to block this by passing a law allowing foreign airplanes to be re-registered in Russia, effectively nationalizing them.

Aviation was an early business casualty of Moscow's invasion of Ukraine, as the West and Russia imposed tit-for-tat airspace bans. Now, lessors face big write-downs or a long insurance battle as the March 28 deadline looms for terminating plane leases under European Union sanctions.

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

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle On Finance YouTube Channel

Support the show

02 Apr 2022Russian Oil Priced In Roubles00:12:29

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Vladimir Putin has demanded payment in roubles for Russian gas sold to “unfriendly” countries, setting a deadline of 31 March for the transition.

It is not clear whether he plans to tear up existing contracts that set the price in euros or dollars, but Germany, which relies on Russia for 40% of its gas supplies, is not taking any chances, warning large industrial gas users that a standoff is possible and rationing is one possible outcome.

In todays video we ask why payment for Russian exports in rubles has become a major issue for the Kremlin, and whether Putin could extend the plan to include exports of oil, grain, fertilizers, coal, metals and other key commodities.

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

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle On Finance YouTube Channel

Support the show

11 Apr 2022The Weaponization Of The Dollar00:21:32

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The sanctions on Russia’s central bank use the reserve currency status of the US dollar to punish an American adversary.  Will the US dollar lose its exorbitant privilege?  What currency might replace the US Dollar as a reserve currency?

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

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle YouTube Channel

Support the show

22 Apr 2022Elon Musk- Corporate Raider - Will He Actually Buy Twitter?00:29:02

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Elon Musk - The world’s richest man has allegedly hired the investment bank Morgan Stanley and is trying to gather financing, so he can buy Twitter for $43 billion.

According to The New York Times, Musk is evaluating various packages of debt and a loan against his shares of Tesla. Apollo Global Management, an alternative asset manager, is among the parties considering offering debt financing. The equity he needs is likely to be sizable.

Last week, Elon Musk, made an unsolicited offer for the social media company, saying that he wanted to take it private and that he wanted people to be able to speak more freely on the service. But his offer was regarded skeptically by Wall Street because he did not include details about how he would come up with the money for the deal. It is unclear if Elon Musk’s cash raising efforts will be successful.

While Twitter’s board has not rejected Mr. Musk’s offer, it responded days later with a defensive tactic known as a “poison pill.” A poison pill would effectively prevent Mr. Musk from owning more than 15 percent of Twitter’s shares. Musk has been building his stake in Twitter since January and owns more than 9 percent of the company, making him at one point its single-biggest individual shareholder.

In today's video we look at how serious his bid is, the likelihood that he will succeed in buying Twitter, How the financing might work, and how poison pills work in blocking corporate raiders.


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

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle YouTube Channel

Investor's Deep Dive

Investment Insights You've Never Heard

Listen on: Apple Podcasts   Spotify

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30 Apr 2022Bill Hwang arrested on fraud charges!00:18:14

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Bill Hwang, founder of Archegos Capital Management, has been arrested by US authorities and charged with racketeering, fraud and market manipulation.

The indictment accuses Hwang and former chief financial officer Patrick Halligan, of using Archegos as an “instrument of market manipulation and fraud” with “far-reaching consequences for other participants in the United States securities markets”.

The case marks the first criminal charges against Hwang, one of the so-called Tiger Cub veterans of Julian Robertson’s Tiger Management fund whose little-known investment vehicle rattled some of Wall Street’s biggest financial institutions when it imploded a year ago.

Archegos’s collapse caused billions of dollars of losses for investment banks including Credit Suisse, UBS, Nomura and Morgan Stanley after it defaulted on margin calls, with more than $100bn wiped from the valuations of nearly a dozen companies as Archegos’s positions were unwound.

The group used borrowed money from banks such as Morgan Stanley and Credit Suisse to amass multibillion-dollar positions in US-listed companies such as ViacomCBS — now known as Paramount — and online retailers Shopify and Farfetch. By using derivatives known as Total Return Swaps, where the bank it traded with bought or sold stocks on Archegos’s behalf, the firm left no visible footprint of its activity to the investing public.

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

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle On Finance YouTube Channel

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07 May 2022The Economic Effects of China's Zero Covid Policy00:19:08

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Xi Jinping has reaffirmed his commitment to China’s controversial zero-Covid strategy, warning against “any slackening” in the effort and vowing to crack down on criticism of the policy despite signs of damage to the economy.

“Our prevention and control policies can withstand the test of history; our measures are scientific and effective. We have won the battle to defend Wuhan, we can also win the battle to defend Shanghai,” the statement said.

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

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle On Finance YouTube Channel

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13 May 2022Stablecoins Are Unstable!00:22:09

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The $1.3tn cryptocurrency industry was on Thursday hit by one of its toughest challenges when stablecoin Tether — a critical cog in the market — failed to maintain its link with the US dollar. The company refuses to provide details on the Treasury holdings that back the stablecoin claiming their fear of revealing the ‘secret sauce.’

Tether tumbled as low as 95.11 cents yesterday, far below the $1 peg that it seeks to maintain. Its price later recovered, but the slip-up, days after the failure of smaller algorithmic stablecoin rival TerraUSD, (and its paired coin Luna) sent bitcoin — the world’s biggest digital asset — sinking to its lowest level since late 2020.

Ratings group Fitch said the troubles at Tether and TerraUSD “highlight the fragile nature of private stablecoins, and will accelerate calls for regulation”.
In todays video we look at how algorithmic stablecoins like Terra work, we discuss their importance in DeFi and smart contracts.

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

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle On Finance YouTube Channel

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20 May 2022The Coming Food Catastrophe00:15:06

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The widely accepted idea of a cost-of-living crisis does not begin to capture the gravity of what may lie ahead according to António Guterres, the UN secretary general.  He warned earlier this week that the coming months threaten “the spectre of a global food shortage” that could last for years. The high cost of staple foods has already raised the number of people who cannot be sure of getting enough to eat by 440m, to 1.6bn. Nearly 250m are on the brink of famine.

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




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30 May 2022How Did Russian Oligarchs Get So Rich?00:32:37

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Russian Oligarchs have become synonymous with superyachts, luxury mansions and the shady political maneuvering of post-Soviet Russia. Since the Russian invasion of Ukraine, Russian billionaires like Roman Abramovich, Vladimir Potanin, Alisher Usmanov and Oleg Deripaska have been all over the news.

The word Oligarch conjures up images of opportunistic, well-connected businessmen who made billions by plundering the remains of the collapsed Soviet state. But how exactly did Russia’s oligarchs get so rich?

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

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle On Finance YouTube Channel

Investor's Deep Dive

Investment Insights You've Never Heard

Listen on: Apple Podcasts   Spotify

Support the show

08 Jun 2022The Rise And Fall Of Blitzscaling!00:20:59

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Blitzscaling is what you do when you need to grow really, really quickly according to Reid Hoffmann the Founder of LinkedIn, and Elon Musk’s former partner at PayPal. Blitzscaling is high-impact entrepreneurship, it’s the science and art of rapidly building out a company to serve a large and usually global market, with the goal of becoming the first mover at scale.

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

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle On Finance YouTube Channel

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17 Jun 2022Investing In An Inflationary Environment!00:20:59

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Inflation has turned from transitory to pernicious, with some economists even raising the specter of a 1970s-style wage-price spiral. Should you reposition your investment portfolio for an inflationary environment, shifting some of your money to sectors or asset classes that tend to do well during inflationary periods? Or should you leave your investments alone and let the markets control their long-term destiny? In today’s video we look at market history to see how securities prices are affected by inflation, interest rates and interest rate hikes.

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

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle YouTube Channel


Link to the Dimson Marsh & Staunton Investment Returns Yearbook

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25 Jun 2022Is DeFi Really Decentralized?00:16:53

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Last week, three DeFi (decentralized finance) groups stepped in with emergency plans to protect their projects and users from economic turbulence in the face of collapsing cryptocurrency prices.

These DeFi crypto networks which had pledged to put users in control ended up taking charge themselves in order to survive the ongoing crisis in the digital asset market.

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

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle On Finance - YouTube Channel

Support the show

16 Jul 2022Will Elon Musk Be Forced to Buy Twitter?00:22:57

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This Tuesday, Twitter’s sued Elon Musk to force him to honor his legally binding agreement to buy the company. Twitter asked the Delaware Court of Chancery to fast-track a trial for September. According to the complaint “Musk apparently believes that he — unlike every other party subject to Delaware contract law — is free to change his mind, trash the company, disrupt its operations, destroy stockholder value, and walk away.”

The Delaware court will examine the case on its merits and lawyers are suggesting that Musk’s defense is weak, if not laughable. “We will finally see if Elon Musk is ‘above the law,” according to John Coffee of Columbia Law School. “I am confident that in the Delaware courts the answer is no.” he told the FT.

Gods at War by Steven Davidoff Solomon: https://amzn.to/3uNpPJ1

Twitter Merger Agreement: https://www.sec.gov/Archives/edgar/data/1418091/000119312522176753/d283119dprer14a.htm#toc283119_94

Elon Musk Cancellation Letter: https://www.sec.gov/Archives/edgar/data/1418091/000110465922078413/tm2220599d1_ex99-p.htm

The Twitter Lawsuit: https://assets.bwbx.io/documents/users/iqjWHBFdfxIU/rvMR5WrmwCGQ/v0

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

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle On Finance YouTube Channel

Support the show

27 Jul 2022China's International Debt Crisis00:21:58

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In 2013 President Xi Jinping announced the launch of his signature policy, the Belt and Road Initiative, the largest transnational infrastructure program ever undertaken by a single country.  Today though, many of the loans financing these huge infrastructure projects are going bad and going bad in record numbers.

Today's video looks at the Belt and Road Initiative, how the projects are going and how recent events like Russia's invasion of Ukraine are affecting debtor nations like Sri Lanka, who defaulted on their sovereign debt in May of this year.

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

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle On Finance YouTube Channel

Support the show

04 Aug 2022What Killed Sri Lanka's Economy?00:15:47

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In late June, Sri Lanka’s prime minister Ranil Wickremesinghe announced that the country’s economy had “collapsed.” There was no money left to pay for imports of necessities like food, fuel and medicine, and the country was seeking help from neighboring countries and the IMF.

Sri Lanka is going through its worst economic crisis since it gained independence from Britain almost 75 years ago. In today's video we ask the question, "What Killed Sri Lanka's Economy?"

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

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle On Finance YouTube Channel

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12 Aug 2022A Mistake To Avoid!00:13:49

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This week, let's talk about Cathie Wood and The Ark Invest Disruptive Innovation Fund to see if there is anything we can learn from the rise and fall of ARKK?  What mistakes do investors make when selecting funds to invest in.

Jack Schwager - Market Sense & Nonsense: https://amzn.to/3SKBRgt

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

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle YouTube Channel

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19 Aug 2022Will The Inflation Reduction Act Reduce Inflation?00:17:14

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This Tuesday Joe Biden signed into law a sweeping tax, healthcare, and climate bill, called the Inflation Reduction Act, a significantly pared back version of the “Build Back Better Plan” which he was pushing for last year.

Fans of the new law claim that it will improve citizens’ finances while reducing the federal deficit and critics say it will lead to higher taxes for individuals and corporations, and that it will be ineffective at dampening inflation. Let’s look at the new legislation and try and work out to what extent it might reduce inflation which has been at its highest rate in around 40 years and see who the winners and losers 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/3fn3rvC

Patreon Page: https://www.patreon.com/PatrickBoyleOnFinance

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle YouTube Channel

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25 Aug 2022The European Cost Of Living Crisis!00:17:32

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Rising energy prices could push UK inflation as high as 18% next year according to Citi. European gas prices rose sharply this week due to supply fears, after Gazprom Russia’s energy firm announced it would shut down the Nord Stream 1 pipeline - the main gas supply line to Europe - to complete three days of unplanned maintenance.

Right now, Britain and the EU are in the middle of a cost-of-living crisis driven by energy inflation. What can be done to prevent this from happening again?

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

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle YouTube Channel

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30 Aug 2022The 1987 Crash - Wall Street History00:28:13

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The first global financial crisis erupted in the autumn of 1987 on a day known as “Black Monday.” A chain reaction of market distress sent stock exchanges around the world plummeting in a matter of hours. In the United States, the Dow Jones Industrial Average dropped 22.6 percent in a single trading session, a loss that remains the largest one-day stock market decline in history.  At the time, it marked the sharpest market downturn in the United States since the Great Depression.

In today's video we look at the causes of the 1987 crash, discuss program trading and portfolio insurance and how the crash forever changes stock markets around the world.

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

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle YouTube Channel

Investor's Deep Dive

Investment Insights You've Never Heard

Listen on: Apple Podcasts   Spotify

Support the show

01 Sep 2022Will China Actually Allow Audit Inspections?00:16:51

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The United States and China appear to have reached a landmark deal that would allow Chinese companies to remain listed on US exchanges, halting the threatened delisting of about 200 stocks that trade in New York.

The announcement by US and Chinese regulators is a breakthrough after a prolonged standstill. Beijing has not allowed foreign regulators to inspect Chinese company audits, citing a desire to protect state secrets. US law requires Chinese companies to leave American stock exchanges if they do not comply with the countries audit rules.

The US Public Company Accounting Oversight Board, announced on Friday that it would have the power to select the companies, audit engagements and potential violations it inspects and investigates, without consulting Chinese authorities.

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

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07 Sep 2022Protests In China: The Story Behind the Bank Scandals.00:19:56

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In China, a major financial crisis is unfolding. A few months ago, four rural lenders in the northern province of Henan froze the deposits of hundreds of thousands of customers and Chinese citizens in 86 cities are boycotting mortgage payments towards their homes. Confidence in the financial sector has plunged. In this video we look at the story behind the bank scandals.

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

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09 Sep 2022The Vaporware Salesman00:10:48

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John Keely was the founder of the Keely Motor Company. He announced that he had discovered a new physical force, one that, if harnessed, would produce unheard-of power. He claimed to be able to produce from a quart of water enough fuel to move a 30-car train from Philadelphia to New York City.

Scientists and engineers scoffed at his unverified claims. After his death, an investigation was carried out, and examination of his apparatus - a supposed perpetual motion machine - showed that, rather than a new force, tubes of compressed air or a form of hydraulic power activated the machinery.

In today's video we see if there are any lessons investors can learn from the story of John Ernst Worrell Keely.

Book Link: Voodoo Science by Robert Park: https://amzn.to/3BrKTsc

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

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16 Sep 2022Is Russia Winning The Economic War?00:27:33

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Vladimir Putin announced in a speech last month that Russia had weathered the worst of the Economic sanctions imposed by Western nations. He said that “gloomy predictions about the Russian economy’s future didn’t come true” and that the sanctions had hit foreign economies much harder than they had hit Russia. He added that “The weaponry of sanctions is a double-edged sword… and European countries had dealt a serious blow to their own economies all on their own.” So are the sanctions on Russia working? Or Is Russia winning the Economic War?

Business Retreats and Sanctions Are Crippling the Russian Economy – Yale University: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4167193

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

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24 Sep 2022The Rise & Fall of Japan00:28:39

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From 1991 through 2001, Japan experienced a period of economic stagnation and price deflation known as "Japan's Lost Decade." This was caused by the collapse of an asset price bubble in late 1991. The term originally referred to the 1990s, but the 2000s and the 2010s can be added to the list due to the country’s economic stagnation. We’ll look at the postwar Japanese economic miracle, the bubble economy of the late 1980’s and the lost decades that Japan has experienced since.  We will also discuss any overlaps between the Japanese Economic miracle and the last thirty years of growth that has been seen in China – and discuss to what extent history could repeat itself.

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

Visit our website: www.onfinance.org
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27 Sep 2022Why Is The Pound Falling?00:14:31

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The British pound plummeted on Friday after the government announced huge tax cuts in its mini-budget.  It then plunged again on Monday, reaching $1.04 - the lowest level the pound has ever been against the dollar. Why is the British Pound Falling?

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

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29 Sep 2022Pension And Mortgage Chaos In The UK00:13:13

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The Bank of England had to step in to calm markets after the British government's economic plan sparked a fall in the pound and caused borrowing costs to surge.

The Bank warned that if the market volatility continued there would be a "material risk to UK financial stability."

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

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14 Oct 2022Semiconductors: The Geopolitics of the New Oil00:31:49

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The United States has introduced new export controls to restrict Chinese companies access to the most advanced computer chips which can be used to develop cutting-edge technologies with military applications.

The commerce department announced these restrictions last week which will make it extremely difficult for Chinese companies to obtain or manufacture advanced computer chips and will slow their progress in artificial intelligence.

The measures are also designed to make it much tougher for China to develop supercomputers with military applications that range from modelling nuclear weapons to developing hypersonic weapons.

These restrictions come days before the Chinese Communist party holds its 20th national congress at which President Xi Jinping is expected to seal a third term as leader.

Book Suggestion:  Chip War by Chris Miller https://amzn.to/3yA3Xmg

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

Visit our website: www.onfinance.org
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22 Oct 2022Is London the Dirty Money Capital of The World?00:25:39

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Russian oligarchs have kept their money in London for twenty years, encouraged by British bankers' lawyers and politicians. Critics say that the 'London laundromat' cleans dirty money from kleptocrats all over the world. This video looks at where dirty money comes from, how money laundering works why it took Russia's invasion of Ukraine to put this issue in the spotlight. 

From One Hyde Park to Bishops Avenue. Where is oligarch money kept in London?

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

Visit our website: www.onfinance.org
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29 Oct 2022How China is Helping to Reduce Inflation.00:11:51

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China’s crackdown on property developers and its “Zero Covid" policy are harming its economy and the economies of countries selling raw materials to China. But there is an upside to Xi's actions, these policies are reducing inflationary pressures in the rest of the world. 

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

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08 Nov 2022The Myth of The Robber Barons.00:36:33

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The term robber baron is frequently used to describe men like Cornelius Vanderbilt, John D. Rockefeller and Andrew Carnegie, along with other powerful 19th-century American industrialists. These men came from nowhere and made fortunes building out Americas industrial infrastructure.  In their pursuit of wealth, they put railroads in place, provided energy to American homes and manufactured the steel that built American cities.  Many of the 19th Century American industrialists ended up giving away the majority of their fortunes in great acts of philanthropy.  Is it right to call them Robber Barons?

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

Visit our website: www.onfinance.org
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12 Nov 2022FTX Bankruptcy Explained!00:26:04

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FTX, the cryptocurrency exchange recently valued at $32 billion dollars, has filed for bankruptcy protection in the US.

The filing in Delaware federal court on Friday included the main FTX international exchange, FTX US a US crypto marketplace, Sam Bankman-Fried’s proprietary trading group Alameda Research and about 130 affiliated companies.

In today's video we discuss what went wrong at FTX, and discuss the influencers who pitched FTX to their audiences.

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

Visit our website: www.onfinance.org
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19 Nov 2022FTX: Worse Than Enron!00:16:54

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The new chief executive of FTX, an insolvency professional who oversaw the liquidation of Enron, has said that the bankruptcy of the crypto group is the worst case of corporate failure he has seen in more than 40 years.

John Ray III, who was appointed to run the FTX bankruptcy, said in a US court filing that he had never seen “such a complete failure of corporate controls and such a complete absence of trustworthy financial information”.

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

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24 Nov 2022The Institutional Investors Who Lost With FTX00:16:50

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Since its launch in 2019, FTX has raised $1.8bn and was most recently valued at $32bn. Among its shareholders are some of the world’s most-respected hedge fund managers and Venture Capitalists. 

Now with FTX having filed for bankruptcy, their investments look to be a complete wipeout. Investors including Sequoia, SoftBank and Paradigm, which was co-founded by former Sequoia partner Matt Huang, have marked their holdings in the company to zero, vaporising hundreds of millions of dollars in value.

FTX’s list of investors spans powerful and well-known investment firms: NEA, IVP, Iconiq Capital, Third Point Ventures, Tiger Global, Altimeter Capital Management, Lux Capital, Mayfield, Insight Partners, Sequoia Capital, SoftBank, Lightspeed Venture Partners, Ribbit Capital, Temasek Holdings, BlackRock and Thoma Bravo.

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

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01 Dec 2022Sam Bankman Fried Explains the Losses at FTX.00:18:00

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Sam Bankman Fried did two interviews with Tiffany Fong to explain what happened at FTX and where the customers money went. The first interview went out on the YouTube channel Coffeezilla yesterday.

The Full Sam Bankman Fried Interview: https://www.youtube.com/watch?v=xP54LZB3WRw&t=1s
Coffeezilla Video: https://www.youtube.com/watch?v=0rL35_WV3lE&t=85s

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

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06 Dec 2022Blackstone’s Investors Want Their Money Back!00:16:27

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Stephen Schwarzman and Jonathan Gray of Blackstone have built the best fundraising machine on Wall Street, but now, the billionaire pair are in an unfamiliar position — having to return cash to clients who are asking for their money back.

Blackstone’s stock price fell last week after it limited withdrawals from its $125bn real estate investment fund BREIT, after a surge of redemption requests.

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

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10 Dec 2022Why We Trust Fraudsters!00:22:05

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From Enron to Wirecard to Theranos and FTX, elaborate investment scams can remain undetected long after the warning signs appear. What are investors missing?

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

Visit our website: www.onfinance.org
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Books Mentioned In This Episode
Lying For Money By Dan Davies: https://amzn.to/3iWNbIM
Money Men by Dan McCrum: https://amzn.to/3HrjOJ8
Bad Blood by John Carreyrou: https://amzn.to/3uFaWb3

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15 Dec 2022The Case Against Sam Bankman-Fried00:27:24

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Sam Bankman-Fried has been arrested, accused of engineering “one of the biggest financial frauds in American history.”

In a Department of Justice indictment unsealed on Tuesday, Bankman-Fried has been charged with eight counts including conspiracy to commit wire fraud on customers and lenders, money laundering and violations of campaign finance laws. Bankman-Fried, who was arrested in the Bahamas on Monday, faces years in prison if convicted.

The charges point to a long-running scheme to misappropriate the deposits of exchange customers to pay debts and expenses of Bankman-Fried’s private trading firm Alameda Research and to make investments. The conspiracy ran from 2019 — the year he founded FTX — until its collapse last month, according to the complaint.

The SEC and The CFTC have also charged Sam Bankman-Fried

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

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19 Dec 2022The $100 Million Influencer Pump & Dump Scheme.00:18:54

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Federal prosecutors and the SEC earlier this week charged seven Influencers with using Twitter, Discord and YouTube to commit securities fraud that netted them more than $100 million.

An eighth influencer was charged with aiding and abetting the alleged scheme in the SEC’s civil complaint and with conspiracy to commit securities fraud in the Department of Justice’s criminal case.

Each of the defendants had well over 100,000 Twitter followers as of this month, they ran a podcast called "Pennies: Going In Raw" and a YouTube channel called "Goblin Gang".

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

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

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YouTube Channels Mentioned In This Episode
Coffeezilla Explaining The Amazon Token Scam
James Jani Explaining YouTube Comment Scams
The Plain Bagel Comment Scam Video

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08 Jan 20232022 The Year in Review00:17:44

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From Elon Musks Purchase of Twitter to the arrest and extradition of Sam Bankman-Fried, 2022 was an eventful year in the world of finance. In Today's podcast let's look at the major financial news events of the year to see if there is anything we can learn or laugh about.

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

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08 Jan 2023China's Reopening Economy00:22:03

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While China is struggling with an unprecedented wave of coronavirus, and tens of millions are getting infected daily, the world’s second-largest economy is starting to show signs of coming back to life following the government’s decision last month to dismantle the zero-Covid system that aimed to control the virus at the cost of keeping the country isolated.

Investors and analysts predict a brighter year ahead after disrupted supply chains and forced stoppages on factory floors have ended, but the Chinese Economy still faces numerous challenges.  The government have discussed rolling back the Three Red Lines Policy that burst the real estate bubble.

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

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle YouTube Channel

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14 Jan 2023Egypt's Currency Crisis!00:22:09

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Egypt allowed its pound to tumble to a new low this week as the country struggles with a foreign currency crisis that is hurting businesses.

The slump in the currency comes after Egypt agreed to move to a flexible currency regime as part of an IMF $3bn bailout intended to help relieve its foreign currency shortage.

Since the central bank said it would move to a flexible currency rate in October, the pound has lost a third of its value as it has allowed it to devalue in phases. Analysts warn that it has further to fall until supply-demand equilibrium is restored to the foreign exchange market.

The weakness of the Egyptian pound is adding to the pain of millions of Egyptians as it fuels inflationary pressure.

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

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Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle YouTube Channel

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21 Jan 2023The US Hits Its Debt Ceiling Limit!00:17:09

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US Treasury secretary Janet Yellen on Friday fired her first warning shot of the year to Congress about the need to raise America’s debt limit. “Failure to meet the government’s obligations would cause irreparable harm to the US economy, the livelihoods of all Americans, and global financial stability,” Yellen wrote to lawmakers.

The US is hurtling towards its riskiest debt ceiling clash since 2011 and there is a real risk that America could default on its payments for the first time in its history.

Hardline House Republicans are demanding deep spending cuts in exchange for raising the borrowing limit beyond its current level of $31.4tn, and the White House and Democrats insist that they will not entertain a deal on that basis.

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

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

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27 Jan 2023Winklevoss Twins in Hot Water!00:14:00

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In today's video we look at the recent lawsuit against Gemini Trust Company, a crypto lending platform run by the Winklevoss twins and Genesis Global Capital a crypto lender run by Barry Silbert who are accused of breaking securities laws. We'll dive into the legal definition of what a security is and how it relates to crypto products. We’ll finish up by looking at whether Logan Paul’s Crypto Zoo which was exposed as a possible scam by Coffeezilla could be seen as an unregistered securities offering. 

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

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle YouTube Channel

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06 Feb 2023Brazil and Argentina - A Common Currency?00:17:40

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Brazil and Argentina announced last week that they are starting preparatory work on a common currency, in a move which could eventually create the world’s second-largest currency bloc.  Does this move make any sense?

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

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle YouTube Channel

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10 Feb 2023The Adani Group Scandal: What You Need to Know!00:27:52

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The Adani Group, one of India’s biggest conglomerates, has come under fire from a small American short selling hedge fund called Hindenburg Research. The firm, run by Nathan Anderson, is known for uncovering fraud and other issues at companies like Nikola Corporation, Clover Health, and Lordstown Motors.

Let's dig into the allegations, the evidence and Adani's response and discuss what this means for Gautam Adani and for India.

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

Visit our website: www.onfinance.org
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Patrick Boyle YouTube Channel

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21 Feb 2023The $577 Million Nickel Fraud00:19:32

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The commodities trading firm Trafigura has announced that it has been the victim of a “systematic fraud” and has to write-down over half a billion dollars after discovering shipments of nickel that it purchased from firms controlled by Prateek Gupta failed to contain the metal.

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

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle YouTube Channel

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25 Feb 2023Tulip Bulbs, Bored Apes & Bubbles00:26:46

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The Dutch tulip bulb market bubble, also known as tulipmania, was one of the most famous market bubbles and crashes of all time. It occurred in Holland during the early to mid-1600s, when speculation drove the value of tulip bulbs to extremes. At the market’s peak, the rarest tulip bulbs traded for as much as six times the average person’s annual salary.

Today, the story of tulipmania serves as a parable for the pitfalls that excessive greed and speculation in investing can lead to, but was the story true?

In today's video we look at the story of Tulip Mania as told by Charles Mackay in his book Extraordinary Popular Delusions and the Madness of Crowds, and learn that Charles Mackay was maybe not as good as you might expect at spotting bubbles.

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

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle YouTube Channel

Investor's Deep Dive

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04 Mar 2023Artificial Intelligence.00:30:39

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Let’s talk about Artificial Intelligence, what it is, how it works and where it might be taking us. We’ll try and see if as an investor you should worry about missing the boat on AI, and as an individual should you worry about losing your job to these new technologies?  

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

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10 Mar 2023Bank Runs!00:25:44

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Banks don’t fail very often, and bank runs appear to be mostly a thing of the past. The last bank failure in the United States happened in 2020 when a small bank in Kansas failed.  That two-year streak was broken this Wednesday with the failure of the crypto focused bank Silvergate, and on Friday with the failure of Silicon Valley Bank.

Patrick's Books:
Statistics For The Trading Floor:  https://amzn.to/3eerLA0
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13 Mar 2023Silicon Valley Bailout00:26:40

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A number of things went wrong at Silicon Valley Bank over the last days, weeks and years, there were huge failures of risk management. The risk manager would have some tough questions to answer, except that it appears that they didn’t have a risk manager on staff for almost nine months of the last year.  There were issues tied to the different regulations applied to community banks when compared to national banks in the United States. There were investment decisions that were made that I struggle to understand, and the final stroke was a capital raise attempt that had next no chance of succeeding.  You can’t raise capital from investors on the same day that you announce a close to two-billion-dollar hole in your balance sheet and the equity is tanking in value.
Anyhow, let’s go over the issues at Silicon Valley Bank, try and understand how banks work, look at the news from last night, and try to imagine how things might work out going forward.

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

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19 Mar 2023What's happening with Credit Suisse?00:16:09

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Let's discuss the ongoing controversy at Credit Suisse, if they are like Silicon Valley Bank and what this means for depositors and investors!

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Statistics For The Trading Floor:  https://amzn.to/3eerLA0
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Corporate Finance:  https://amzn.to/3fn3rvC

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22 Mar 2023The End of Credit Suisse!00:23:33

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After a weekend of intense negotiations, Swiss authorities brokered an emergency deal to sell Credit Suisse the troubled 167-year-old investment bank to its Swiss rival, UBS. A $54bil lifeline from the Swiss National Bank last week failed to stem the crisis facing Credit Suisse following Silicon Valley Bank’s collapse: its share price collapsed and the flight of deposits accelerated. The deal has prevented a globally important bank from failing. 

Under the terms of the deal, Credit Suisse’s additional tier 1 (AT1) bonds were written down to zero while shareholders received $3.25bn. In today's video we discuss whether that is fair and who owned those bonds.

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

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30 Mar 2023China's Overseas Bailouts!00:17:27

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China has significantly expanded its bailout lending as its Belt and Road Initiative blows up following a series of debt write-offs, scandal-ridden projects and allegations of corruption according to a new paper "China as an International Lender of Last Resort" by Sebastian Horn of the World Bank; Brad Parks, a research professor at William & Mary University; Harvard’s Carmen Reinhart; and Christoph Trebesch, a director at the Kiel Institute. The researchers found 128 bailout loans worth $240 billion dollars to 20 countries between 2000 and 2021. The vast majority were extended over the last five years, and almost half happened in 2019-2021. Moreover, the researchers found that People’s Bank of China swap lines are far more meaningful than direct loans.

Here is a link to the paper:  https://tinyurl.com/36pp5569

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

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08 Apr 2023Jamie Dimon Warns Banking Crisis 'Is Not Yet Over!'00:17:31

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Jamie Dimon, the chief executive of JPMorgan Chase, warned that the banking crisis 'not yet over' in an annual letter to shareholders just weeks after the collapse of three US banks.
He said he didn't expect the turmoil to lead to a global crisis like in 2008, noting that it involved "involved fewer players and fewer issues". But he warned the impact would linger.

Patrick's Books:
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Corporate Finance:  https://amzn.to/3fn3rvC

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15 Apr 2023Forbes Has a Fraud Problem!00:18:23

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Disgraced Frank founder Charlie Javice has joined the likes of Elizabeth Holmes and Sam Bankman-Fried on a growing list of founders to be lavished with honors by the financial news outlet Forbes – only to later face criminal fraud charges.

“The Forbes 30 Under 30 have collectively raised $5.3B in funding,” tech investor Chris Bakke tweeted on Tuesday. “The Forbes 30 Under 30 have also been arrested for frauds and scams worth over $18.5B. Incredible track record.”

Victor Niederhoffer Book - Practical Speculation: https://amzn.to/3A0JtU4

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

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22 Apr 2023How Good is Popular Personal Financial Advice?00:35:09

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The term “Finfluencer” refers to a person who by virtue of their popular or cultural status has an outsize impact on investor decisions through social media influence. According to Sue Guan of Santa Clara University, a variety of finfluencers exist in today’s markets, ranging from simple celebrities that draw people's attention like Kim Kardashian to corporate personalities like Elon Musk or Ryan Cohen to ordinary investors who develop followings on YouTube, TikTok, and other social media platforms.  In today's video we examine how the advice of well-known personal finance influencers like Dave Ramsey and Robert Kiyosaki compares to the advice of academics.

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

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26 Apr 2023Is Apple A Threat to Banks?00:14:08

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Apple recently announced its latest financial product in partnership with Goldman Sachs — a savings account designed for Apple Card users. The high-yield savings account comes with a 4.15% interest rate and comes with no fees and no minimum deposit or minimum balance requirements. Plus, it has some extra benefits for users like automatic deposits of Daily Cash earned with the Apple Card and the ability to make an instant transfer to your Apple Wallet.

This is considerably higher than the average US savings account rate of 0.37 per cent. It also beats competitors such as American Express which is offering 3.75 per cent and Goldman’s savings account that operates under the Marcus brand, which offers 3.9 per cent.

The launch comes as more established banks, in particular regional and smaller lenders, are under growing pressure to offer better savings rates for depositors to stop them transferring cash to higher-yielding products such as money market funds, which have offered better returns in line with rising interest rates.

In today's podcast we ask, Is Apple a threat to banks?

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

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28 Apr 2023Would a BRICS Common Currency Work?00:22:04

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The BRICS nations have been discussing the idea of creating a new currency to facilitate overseas trade. The idea was put forth by Russia as it faces economic sanctions from the West over its invasion of Ukraine.

Meanwhile, some of the BRICS countries have already ditched dollar and are now trading in their local currencies.

Brazil and China signed an agreement last month to abandon the dollar as an intermediary and settle bi-lateral trade in their own currencies and as many as 18 countries have agreed to trade with India in Indian rupees.

So, does a Brics currency for international trade makes sense, how likely it is that the world would move away from using the US dollar, and would the dollar losing its global dominance actually be bad for America and Americans?

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

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06 May 2023Why First Republic Bank Was Seized and Sold to JPMorgan?00:14:22

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The FDIC took possession of First Republic Bank on Monday, resulting in the third failure of an American bank since March.

JPMorgan Chase, already the largest U.S. bank by several measures, emerged as the buyer in a weekend auction for First Republic. It will get all of the ailing bank’s deposits and a “substantial majority of assets.”

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

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06 May 2023Hindenburg Research takes on Carl Icahn00:19:12

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Legendary corporate raider and activist Carl Icahn found himself on the wrong side of a familiar battle this week when the short selling investment firm Hindenburg Research took aim at Icahn’s publicly traded holding company, alleging in a new report that Icahn Enterprises L.P. (IEP) is overstating the value of its private asset portfolio, and that its publicly traded stock units–85% of which Icahn owns–are “significantly overvalued.”

Icahn’s fortune fell over 35%, from $18.3 billion on Monday afternoon to $12 billion as of Tuesday’s market close. Icahn Enterprises units tumbled 20% on Tuesday, shaving $3 billion in market value off Icahn’s fortune. Forbes then trimmed Icahn’s estimated net worth by another $3.6 billion, after it was revealed that Icahn had pledged over half of his IEP shares as collateral against unknown personal debts.

Hindenburg is a short selling activist hedge fund run by Nate Anderson who is most famous for having released a video of Nikola’s electric truck prototype being towed up a hill in order to be pushed down to make a promotional video showing that the technology was fully operational.  He claims that Icahn Enterprises has a Ponzi-like economic structure. 

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

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13 May 2023The Death of Globalization!00:22:56

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The three-decade era of globalization risks going into reverse according to company executives and investors.  In this video we look at the economic evidence in a paper called Is the Global Economy Deglobalizing? by Pinelopi Goldberg of Yale University and Tristan Reed of The World Bank.

Here is a link to the full paper:  https://www.nber.org/papers/w31115

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

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20 May 2023The Problems In The Commercial Real Estate Market00:13:33

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The next big potential risk to the U.S. economy may be lurking in office buildings across the country's downtown districts.  With so many people still working from home, companies are cutting back on office space which threatens to unleash even more headwinds for the U.S. economy. What is going wrong in the commercial real estate market, and how might we be affected?

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

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25 May 2023How Will Turkey's Election Shape the Economy?00:17:32

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Turkish voters return to the polls this weekend to choose a president.  Before the first round of the election, polls suggested that voters were evenly divided between the two biggest parties. However, Erdogan’s unexpectedly strong first round has put pressure on the Turkish lira and knocked other Turkish assets ahead of this weekend’s runoff vote.  

The official annual inflation rate in Turkey was 43.7% as of April. This is actually down from the 80% inflation rate that Turkey saw the prior year.  In today's podcast we ask how will Turkey's election shape the economy? 

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

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02 Jun 2023How A Lottery Win Might Change You.00:15:23

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We’ve all heard the story of how a lottery win, which at first may appear to be a great blessing slowly reveals itself to be a curse.  In today's video we look at what happens to people after they win the lottery.

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

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09 Jun 2023The SEC Comes For Crypto!00:24:38

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This week, the US Securities and Exchange Commission (SEC), filed lawsuits against Binance and Coinbase, two of the world’s biggest crypto exchanges, on which investors buy and trade a large offering of cryptocurrencies. The SEC’s main allegation against Coinbase is that it’s running an unregistered securities exchange — like if the Nasdaq independently operated without any regulatory oversight. Binance faces the same charge, as well as additional accusations that it appropriated billions of dollars in customers’ funds for its CEO’s trading firm, misled its customers, lied to regulators, and more. Binance is accused of moving money from the US business to pay for a Yacht for the exchange founder Changpeng Zhao. 

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

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16 Jun 2023The Scam of The Century!00:16:06

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Aside from losing over 1.13 million people, the United States is thought to have lost billions of dollars in pandemic relief fund fraud, according to the most recent Associated Press analysis, published this week.

The analysis discovered that fraudsters took more than US$280 billion in relief cash, while another $123 billion was lost or misspent.

“Combined, the loss represents 10 percent of the $4.2 trillion the U.S. government has so far disbursed in aid,” according to the report.

According to the analysis, this was the worst heist in U.S. history, with criminals stealing billions of dollars in government money intended to stabilize an economy in free fall.

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

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23 Jun 2023Britain’s Mortgage Crisis!00:25:05

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Rising mortgage payments are squeezing the finances of millions of borrowers in Britain, threatening to undermine household spending and the broader economy.

The dream of a soft landing that would have the Bank of England squeeze out inflation without condemning the country to a recession looks increasingly remote. Inflation has been more stubborn than expected and is forcing the central bank to go with a bigger-than-expected rate hike that took the key rate to 5%.

What does this mean for British housing affordability?

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

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02 Jul 2023How George Soros Broke the Bank of England!00:26:07

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In The UK, September 16, 1992, is known as Black Wednesday, the day when speculators including George Soros and Stanley Druckenmiller "broke the pound." This expression is used to describe the moment in time where market forces coalesced to force the British government to exit the European Exchange Rate Mechanism (ERM) by removing its currency from that agreement. Joining the ERM was part of Britain's effort participate in a single European Currency

Patrick's Books:
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Derivatives For The Trading Floor:  https://amzn.to/3cjsyPF
Corporate Finance:  https://amzn.to/3fn3rvC

Patreon Page: https://www.patreon.com/PatrickBoyleOnFinance
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08 Jul 2023Why Are Cars Suddenly So Expensive?00:17:05

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Over the last three years we have seen the biggest car price increases in history.  Last year the average cost of a new car in the United States was forty-seven thousand dollars and the average used car price today is just under thirty thousand dollars.
Car buyers today aren’t just faced with higher car prices, the average interest rate on a new car or truck loan has reached just under nine per cent and car insurance costs are rocketing too.  What is going on?

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

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15 Jul 2023Western Economies Fight Back!00:23:14

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When the Biden administration passed the Inflation Reduction Act and the Chips and Science Act for clean energy and tech last year, Americas trade allies in Europe and Asia were surprised. Now they are scrambling for ways to catch up.  Are western economies in a war of subsidies with each other and China over technology and green infrastructure?

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
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Visit our website: www.onfinance.org
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22 Jul 2023Is The Luxury Goods Bubble About to Burst?00:19:49

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In March 2023 Bernard Arnault, the chairman and CEO of luxury fashion giant LVMH overtook Elon Musk to become the wealthiest person in the world. He is the only European in the list of top 10 richest people in the world. His wealth has skyrocketed with the massive growth in LVMH’s share price. And it's not hard to see why they’re so profitable. It’s easy to make money when you can sell items of clothing for $5,000. While luxury brands build the perception of having the highest quality of goods, they are not usually any different than the products you would buy at a high street store. Luxury brands are highly sophisticated marketing machines that employ every psychological trick in the book to make you believe the product they’re selling you is worth the astronomical price tag.  In today's video we look at who actually buys these goods, if Rolex watches and Birkin bags are actually good investments, and if the Luxury Goods bubble is about to burst.

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
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29 Jul 2023Are Taylor Swift and Beyoncé to Blame?00:14:28

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In Europe’s battle against inflation, new villains have emerged: Beyoncé and Taylor Swift!

Last month, as Beyoncé kicked off her world tour, fans flocked to Sweden from around the world for the shows, pushing up prices for hotel rooms. This could explain some of the reason Sweden’s inflation rate was higher than expected in May according to Michael Grahn, an economist at Danske Bank.

Why after a series of interest rate hikes and a surge in the price of essential goods like food and energy — are we seeing Taylor Swift’s latest tour break records and Beyoncé stand accused of boosting the entire nation of Sweden’s inflation rate during her two-night stay in Stockholm this May?

Let's look into it...

Patrick's Books:
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Derivatives For The Trading Floor:  https://amzn.to/3cjsyPF
Corporate Finance:  https://amzn.to/3fn3rvC

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05 Aug 2023The Five Stocks Driving the Market in 202300:20:27

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The performance of the US stock market is the most concentrated it has ever been. Seven of the biggest stocks — Apple, Microsoft, Google owner Alphabet, Amazon, Nvidia, Tesla and Meta — have rallied sharply this year gaining between 35 per cent and 210 per cent this year. The remaining 496 stocks have barely moved.

Five big tech companies make up nearly a quarter of the S&P500. At $3.1trillion dollar market cap, Apple alone is worth more than the Russell 2000 index of companies combined.

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
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12 Aug 2023Million Dollar Homes - Where Should "How Money Works" Live?00:25:35

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In today's podcast I look at the affordability of real estate in the United States and around the world. I try to help my friend who runs a popular YouTube channel "How Money Works" find a good place to live. If you can live wherever you want to, where should you live?
Here is a link to his YouTube channel: https://www.youtube.com/@HowMoneyWorks/videos

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
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Visit our website: www.onfinance.org
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19 Aug 2023Can Our Power Grids Handle the Green Energy Boom?00:24:46

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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/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.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

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Investor's Deep Dive

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25 Aug 2023The Panic of 1907 - How JP Morgan Saved the US Economy.00:43:31

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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 economy from collapse.  The panic of 1907 was the crisis led to the creation of the Federal Reserve System.

Books Mentioned in This Video:
The Panic of 1907: https://amzn.to/47LMya4
Manias, Panics & Crashes: https://amzn.to/45lGVxz
America's Bank: https://amzn.to/3OPVlzh

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.org
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29 Aug 2023In China - Don't Say Deflation00:27:49

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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 the economy. In April consumer confidence fell back to the lows of 2022, according to China’s National Bureau of Statistics, which promptly stopped releasing the figure.

The Chinese government, facing an expected seventh consecutive monthly increase in youth unemployment, two weeks ago announced that it was suspending the release of that data. On top of this, the demographic problems brought about by the one-child policy are growing.

Michael Pettis Blog Link: https://carnegieendowment.org/chinafinancialmarkets/89466

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.org
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05 Sep 2023Goldman Sachs Helps China buy Foreign Companies00:17:58

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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 deals using cash from a $2.5bn private equity “partnership fund” it set up in 2017 with the sovereign wealth fund China Investment Corporation.

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.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle YouTube Channel

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14 Sep 2023The Biggest US Trading Partner Is No Longer China!00:26:19

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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/3fn3rvC

Patreon Page: https://www.patreon.com/PatrickBoyleOnFinance
Buy Me a Coffee: https://buymeacoffee.com/patrickboyle

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle YouTube Channel

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16 Sep 2023Number Go Up - Zeke Faux Interview01:14:06

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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 Amazon - https://amzn.to/44VPpuy  If you enjoyed this interview, you should enjoy the book too.

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.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle YouTube Channel

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20 Sep 2023The Top Seven Biggest Business Mistakes!00:20:57

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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:  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.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle YouTube Channel

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23 Sep 2023How Involved Were Sam Bankman Fried's Parents?00:30:18

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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 themselves and their pet charitable causes.

Bankman, a tax lawyer, also lavished gifts upon his friends and family using FTX funds, they alleged, including, flights and tickets to the Formula One Grand Prix in France.

Fried used her influence to obtain millions of dollars in donations from Bankman-Fried and an associate for Mind the Gap, a Super Pac she co-founded to help Democrats win office in the 2020 US election cycle. She further pressured “certain FTX Insiders to unlawfully avoid (if not violate) federal campaign finance law”, the debtors allege.


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.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

The full legal complaint: https://dm.epiq11.com/case/ftx/info

Patrick Boyle YouTube Channel

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29 Sep 2023Billions of Dollars Trapped In Russia!00:19:19

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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 in the future?

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.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle YouTube Channel

Yale List of Companies Leaving and Staying in Russia: https://www.yalerussianbusinessretreat.com/

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08 Oct 2023The Inevitable Decline of WeWork00:36:53

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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 cash and access to a credit line worth $475 million.

Skipping an interest payment is not necessary to negotiate with lenders. But indebted companies sometimes use the move to put pressure on lenders to restrike deals under more favorable terms.

From its inception in 2010 to its collapse in 2023, WeWork's journey has been a roller-coaster. Once valued at $47 billion dollars, the company today, is on the verge of bankruptcy. How did the Venture Capital backed co-working company, end up as the biggest financial bonfire in Venture Capital history?

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.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle YouTube Channel

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14 Oct 2023Is Ireland Really the World's Richest Country?00:23:53

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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, equivalent to almost $24 billion—giving it a budget surplus last year of a comfortable €8 billion euros.
According to GDP per capita statistics, Ireland is the wealthiest country in the world.  Could this be true?

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.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle YouTube Channel

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20 Oct 2023The Big Bond Selloff!00:19:49

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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 equities slumped 49% after the dot-com bubble burst and 57% in the aftermath of the financial crisis of 2007-2008.

Compared with previous bond-market meltdowns, long-term Treasurys are seeing one of the most extreme collapses in history. The losses are twice as severe as those seen in 1981 when 10-year yields neared 16%.

With prices plunging and yields at decade highs, lets look at who feels the pain from the bond selloff.

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.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle YouTube Channel

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28 Oct 2023Is This a Golden Age of Fraud?00:23:05

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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.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Patrick Boyle YouTube Channel

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04 Nov 2023Sam Bankman Fried - Guilty on All Charges!00:23:33

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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
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.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Support the show

07 Nov 2023Are Ray Dalio's Principles the Secret to His Success?01:04:51

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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 money or business success.

According to Dalio, his main interest, over the last twenty years is to lead others toward “meaningful lives” and “meaningful relationships” through the application of his principles.  He has written a number of books and given a Ted Talk on this topic.

Rob Copeland is a journalist at the New York Times and was previously the longtime hedge fund beat reporter at The Wall Street Journal. In his new book “The Fund” he smashes through some of the mystique built up around Ray Dalio in recent years.  He argues that very little of Dalio’s success is due to his widely promoted “Principles” and can be better explained by his ability to befriend influential people and impress them with his broad knowledge of the world, his skill at getting good publicity, and his early investment success.

Rob interviewed hundreds of Bridgewater employees in order to write this unauthorized biography that shows Ray Dalio in a very different light.
Dalio declined to be interviewed for the book and has threatened a lawsuit against Rob and his publisher.  In today's video I interview Rob to hear his account of life at Bridgewater and whether he believes Ray Dalio’s principles are worth following.

The Fund by Rob Copeland: https://amzn.to/40qLMMk
Principles by Ray Dalio: https://amzn.to/46WTO22

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.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

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11 Nov 2023The End of the Peace Dividend00:20:59

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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.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.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

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21 Nov 2023The Man Who Modernized China00:35:34

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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 were made that allowed China to grow to become the second largest economy in the world.

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.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Book Recommendations:
Unlikely Partners by Julien Gewirtz: https://amzn.to/3R4L9oB
Modern China by Rana Mitter: https://amzn.to/46gUZYV

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23 Nov 2023Sam Altman and OpenAI. What went wrong?00:19:26

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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 “agreement in principle”, Altman will serve under the supervision of a new board of directors.

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.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Support the show

02 Dec 2023Twitter is Going Bankrupt!00:29:06

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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, dismissed the idea that he wanted advertisers to return. “If somebody is going to try to blackmail with advertising, blackmail me with money, go f**k yourself,” he said. “Go. F**k. Yourself. Is that clear, I hope it is.”

Twitter makes almost all of its revenue from advertising and is saddled with $13 billion dollars of debt.  Is Twitter about to go bankrupt?

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.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Investor's Deep Dive

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