Why Germany Stopped Working
Germany just freed up half a trillion euros to rebuild itself — and eighteen months later, the money has barely moved. So, what has gone wro...
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Patrick Boyle On Finance
This podcast is all about quantitative finance and financial history. Subscribe to hear about financial markets, derivatives, and how investors use quantitative tools from statistics and cor...
Episodes
20 of 324 episodesThe Social Reckoning That Wasn't
Last month Meta agreed to pay up to $18 billion dollars to settle claims that it knowingly harmed teenagers — a number the press immediately...
Scott Bessent Is at War With Prices — and Prices Are Winning!
Treasury Secretary Scott Bessent is trying to force down US Treasury yields with surprise bond buybacks — and it isn't working. In this vide...
How Much Would an AI Crash Destroy?
Two chip stocks recently drove seventeen percent of the entire global stock market's return in a single month — which tells you just how con...
The Hidden Risk in the US-Japan Yen Rescue
In July 2026, the US Treasury did something it hadn't done since 1998: it intervened in the currency markets to prop up the Japanese yen — a...
Does Leopold Have Situational Awareness?
Last week, 24-year-old Leopold Aschenbrenner — former FTX staffer, ex-OpenAI researcher, and author of the viral 165-page essay "Situational...
Big Tech's Hidden Debt Problem
Nikkei Asia recently reported that the five biggest US tech companies are carrying an estimated $1.65 trillion in "hidden," off-balance-shee...
Where is Venezuela’s oil money?
When the United States took control of Venezuela's oil exports in early 2026, it collected an estimated $13 billion in crude sales — but the...
The World's Best Stock Market Is Also Crashing!
South Korea has the best performing stock market in the world for the second year running — and it's also in the middle of one of the worst...
Is Russia Actually Losing?
Russia's war economy is running out of road. Ukrainian drone strikes have knocked out roughly a third of Russia's oil refining capacity, for...
The Real Reason European Cars Can't Compete
Europe's automotive industry is facing a historic crisis as Volkswagen weighs unprecedented factory closures and massive job cuts. However,...
Brexit, 10 Years On: What It Actually Cost Britain
Ten years on from the 2016 Brexit referendum, the UK is about to appoint its seventh Prime Minister in a decade — so was Brexit worth it? In...
How to Lose a Global AI Monopoly in One Afternoon
Last week, shortly after Anthropic launched its most powerful AI models, the U.S. government imposed export controls restricting foreign nat...
What SpaceX, Anthropic and OpenAI’s IPOs mean for investors
Yesterday SpaceX became the largest company ever to go public, in an IPO that values Elon Musk's rocket-and-AI conglomerate at $1.78 trillio...
When a Housing Boom Turns to Bust
A three-bedroom "dunger" in New Zealand with peeling paint and boarded-up windows sold for 1.81 million dollars at the peak of the boom. A f...
This Is Probably Fine!
US 30-year Treasury yields just hit 5.2% — the highest level since July 2007. UK gilt yields are at levels not seen since 1998. Japanese bon...
The Most Unprofitable IPO in Wall Street History
This week, SpaceX filed the prospectus for what is expected to be the largest IPO in history. The document is extraordinary — part financial...
What Trump's China Visit Actually Achieved.
As Donald Trump and Xi Jinping wrap up their summit in Beijing with little more to show for it than a few awkward handshakes, the media is l...
The Dumbest Takeover Bid
GameStop — the meme stock famous for selling physical video game discs to people who no longer buy physical video game discs — has made an u...
The Unanchored Central Banker: Manoj Pradhan on Inflation, Demographics, and Why AI Won't Save Us
Today, Manoj Pradhan of Talking Heads macro and Fundamenta capital returns to the show to discuss his new book, co-authored with Charles Goo...