Patrick Boyle is a hedge fund manager, a university professor and a former investment banker. This channel is all about quantitative finance. By subscribing you will see videos explaining what is happening in markets right now, you will learn about financial derivatives, corporate finance and how traders use quantitative tools like statistics. You will see interviews with some of the most interesting people in the financial industry. In addition, you will see some longer form documentaries on the history of financial markets. To contact Patrick go to the website http://onfinance.org DISCLAIMER: This channel is not affiliated with any financial institution. The videos on this channel are for entertainment purposes only and do not constitute financial advice. Those seeking investment advice should seek out a registered professional. Patrick is not responsible for investment actions taken by viewers and his content should not be used as a basis for investment.
The US Commerce Department gave AI startup Anthropic 90 minutes to shut down its Fable 5 and Mythos 5 models for all foreign nationals—forcing a global shutdown—just days after CEO Dario Amodei published an essay advocating for government power to block unsafe AI deployments.
SpaceX's record-breaking $75 billion IPO at a $1.78 trillion valuation marks a historic shift from two decades of stock market contraction to massive equity expansion, while simultaneously stripping Wall Street banks of their traditional price-setting authority and reducing them to low-margin service providers.
Global long-term bond yields are surging to multi-decade highs as markets adjust to persistent inflation and the end of cheap money, but today's massive government debt levels (100%+ of GDP) prevent central banks from aggressively hiking rates to fight inflation—a constraint known as 'fiscal dominance' that fundamentally alters the monetary policy playbook from the Volcker era.
SpaceX's IPO prospectus reveals a company valued at $1.75 trillion claiming to be an AI giant despite Starlink being its only profitable division, while obscuring massive losses, unsustainable competitor contracts, and conflicted related-party transactions beneath philosophical rhetoric about human consciousness.
GameStop announced a $55.5 billion unsolicited bid for eBay despite having a market cap of only $12 billion, proposing to pay with unauthorized shares and non-binding debt commitments. The deal structure would effectively result in eBay shareholders owning two-thirds of the combined company, while GameStop CEO Ryan Cohen stands to collect up to $35 billion if the transaction inflates GameStop's market cap to $100 billion.
The video argues that inflation is poised to worsen significantly due to the reversal of three decades of demographic and globalization tailwinds, compounded by massive fiscal deficits and an energy shock, creating a structural rather than transitory inflationary environment.
Prediction markets have legally rebranded gambling as federally regulated 'event contracts,' creating conflicts with state gambling laws while attracting predatory quantitative trading firms that exploit retail traders, all while remaining vulnerable to manipulation despite claims of being objective 'truth machines.'
Mark Zuckerberg spent approximately $88 billion on Meta's metaverse vision—featuring legless avatars, fake demos, and empty virtual worlds—resulting in catastrophic financial losses and user adoption rates lower than a small village, despite massive corporate hype.
Canada has transformed from a briefly prosperous resource-rich nation with the world's most affluent middle class into a cautionary tale of gradual stagnation, where oligopolies stifle competition, housing costs have tripled creating extreme generational inequality, and skilled
SpaceX is preparing a record-breaking $1.75 trillion IPO that merges struggling AI and social media assets (xAI and X) into the rocket company, using speculative orbital data center plans to justify extreme valuation multiples while prioritizing liquidity for insiders over engineering reality.
The Supreme Court struck down two-thirds of Trump's IEEPA tariffs, ruling that the 1970s emergency powers statute cannot authorize presidential taxation, forcing the administration to pivot to temporary, capped tariffs under Section 122 that expire before the midterms.
Despite achieving full regulatory legitimacy and Wall Street adoption in 2024—including a crypto-friendly administration and spot ETFs—Bitcoin has crashed 45% from its October 2025 peak and is behaving like a speculative tech stock rather than digital gold, exposing the fragility of an asset valued on narrative scarcity rather than cash flows or utility.