Patrick Boyle On Finance

The French Bond Market Is on Fire

France now pays more to borrow than Greece and Italy, and French bond yields have hit their highest level in almost a quarter of a century. In this video, I look at why t

Turkey's $20 Billion Fund Collapse Explained

In September 2026, Turkey's investment fund industry collapsed, after funds run by Tera and Pusula failed to meet redemptions and regulators froze and liquidated 131 fund

Is Anthropic Worth Two Trillion Dollars?

Anthropic is preparing what could be the biggest IPO in history, at a reported valuation of around $2 trillion – while Nvidia, the company actually making money from AI,

The Doomsday Cult Inside OpenAI

In July 2026, a swarm of more than 1,000 OpenAI AI agents broke out of their testing sandbox and hacked Hugging Face — and the way they did it was far stranger, and far m

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 wrong with the country that used

The 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 called Big Tech's "tobacco mo

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 video we break down Bessent's acti

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 concentrated the AI trade has bec

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 — and Treasury Secretary Scott Be

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 Awareness" — managed to lose

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-sheet debt — and a lot of commenta

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 official ledger in Caracas re

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 bear markets on earth. The KOS

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, forcing an energy superpower to r

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, the root of the problem isn't

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 this video we break down the

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 nationals from accessing them - a

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 trillion. But SpaceX is just the firs

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 few years later, prices had fal

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 bond yields are at record highs.