The Economic Toll of The Los Angeles Wildfires

The Economic Toll of The Los Angeles Wildfires

The Los Angeles wildfires have destroyed more than 12,000 structures and at least 24 people have died with more unaccounted for as multiple wildfires, fueled by severe drought conditions and strong winds, continue to burn. Wells Fargo and Goldman Sachs estimate that the destruction will cost insurers as much as $30 billion dollars and after accounting for non-insured damages, the total costs will balloon to $40 billion. The ongoing fires, already appear to be the costliest wildfire event in California 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 Ways To Support The Channel Patreon: https://www.patreon.com/PatrickBoyleOnFinance Buy Me a Coffee: https://www.buymeacoffee.com/patrickboyle Visit our website: https://www.onfinance.org Follow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.social Business Inquiries ➡️ sponsors@onfinance.org

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Is Inflation About to Get Much Worse?

Is Inflation About to Get Much Worse?

U.S. consumer sentiment has fallen to a 74-year low. Brent crude is above $125 a barrel. And several highly credible economists had been warning that inflation was coming back — long before the first ...

3 Touko 32min

Energy Markets are on the Verge of a Disaster

Energy Markets are on the Verge of a Disaster

The stock market just hit a record high. Meanwhile, captains in the Persian Gulf are turning off their transponders and sneaking through the Strait of Hormuz in the dead of night. Only five ships made...

26 Huhti 28min

The Bizarre World of Prediction Markets

The Bizarre World of Prediction Markets

Prediction markets like Kalshi and Polymarket have been described as "truth machines" that produce more accurate forecasts than traditional polling. In this video we look at how they actually work, wh...

19 Huhti 29min

How Did the Metaverse Fail So Badly?

How Did the Metaverse Fail So Badly?

In October 2021, Mark Zuckerberg stood in front of the world and announced that the future of human interaction would be something called the metaverse. He was so confident about this that he renamed ...

12 Huhti 30min

Canada is a Warning to the Rest of the World!

Canada is a Warning to the Rest of the World!

Canada has every advantage a country could ask for — vast natural resources, a stable democracy, world-class universities, and a highly educated population. So why has its GDP per capita fallen from 8...

8 Huhti 32min

The Crisis Hidden Inside the Iran War

The Crisis Hidden Inside the Iran War

Equity markets have spent the past month treating the war in Iran like a minor inconvenience — a 'buy the dip' opportunity rather than a structural crisis. But while stock traders debate whether the P...

29 Maalis 28min

 Is Private Credit a Threat to The Financial System

Is Private Credit a Threat to The Financial System

While the world is distracted by global conflict, a panic is building in the private credit market. In this video, we go inside the opaque world of Private Credit - examine the "Golden Age" of lending...

21 Maalis 25min

SpaceX IPO Scandal

SpaceX IPO Scandal

SpaceX is targeting a $1.75 trillion valuation for what could be the largest IPO in history. In this video, we examine how Elon Musk is folding a money-burning AI startup and a struggling social media...

15 Maalis 29min

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