Patrick Boyle On Finance

Send us a textA 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 ChannelTiffany Fong TwitterPatrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivativ...

Send us a textA 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/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvCPatreon Page: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://buymeacoffee.com/patrickboyleVisit our website: www.onfinance.orgFollo...

The podcast discusses the recent bond-market sell-off, with losses resembling those of stock market crashes. It explores the impact of higher interest rates on stakeholders, including investors, consumers, businesses, and pension funds. The chapter also delves into the consequences of rising rates on fixed income allocations and leveraged buyouts. Financial engineering strategies and their implications on private equity-backed companies are explored. The effect of rising rates on the cost of equity capital and Jerome Powell's speech on inflation control and economic well-being are also discussed.

Ireland's impressive economic growth and high GDP per capita are discussed, along with skepticism. The reasons behind Ireland's economic success, including multinational firms and low corporate tax rates, are explored. The tax residency of Apple and the impact of closing tax loopholes on the Irish economy are also discussed. Ireland's accounting changes and plan to create a sovereign wealth fund are mentioned.

Send us a textWeWork 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 acces...

Send us a textA 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 ...

Send us a textFTX 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...

Send us a textWhen 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/3eerLA0Derivatives For The Trading Floor: htt...

Bloomberg journalist Zeke Faux explores the world of cryptocurrencies, from superyachts to parties in Miami. He buys a Bored Ape and sends Tether to a scammer. He discusses NFTs, investor behavior, and crypto's association with criminality. The podcast also touches on a video game crash in the Philippines and the mystery of Tether. FTX's 'Sanbankman free' is mentioned as well.

Discover how Mexico has surpassed China as the biggest supplier of goods to the US amid the US-China trade war. Explore the challenges and opportunities for Mexico as a global trade power. Analyze the 2022 Foreign Direct Investment in Mexico and question the significance of near-shoring. Compare Mexico to Asian competitors and discuss the potential for near-shoring. Examine the impact of trade balance on global demand and its effects on the global trading system.