The Nickel Trading Catastrophe on the LME
Send us a textIn markets, there are few principles considered more important by traders than the idea that when a commitment to a deal is made, it should stand come what may. So, there was uproar in the commodities market last week over the London Metal Exchange’s decision to bring the global nickel market to a halt and cancel futures trades because of a “short squeeze” on a Chinese tycoon facing potential billions of dollars of losses.In one of the most controversial moments in its 145-year ...
19 Mars 202221min
What Happens To Sanctioned Oligarchs Assets?
Send us a textThe UK announced new sanctions yesterday relating to the Russian invasion of Ukraine, targeting seven oligarchs with links to Vladimir Putin. Among them is Roman Abramovich, the owner of Chelsea FC.In today's video we try to answer three questions: Who owns Chelsea FC right now? What happens with the other Russian assets being seized around the world? And, what happens with Russian financial assets like stocks and bonds that westerners own that have stopped trading due to ...
12 Mars 202219min
Will The West Ban Russian Oil Imports?
Send us a textIn Today’s podcast we discuss if the west can place an embargo on Russian energy exports?Western leaders have threatened Vladimir Putin with sweeping sanctions over his invasion of Ukraine but, they have been clear that they would avoid disrupting energy supplies.Hitting energy exports is no longer as due to the brutality of Putin’s war and the idea of targeting oil and gas exports is no longer off the table — even if it damages western economies in the process.Canada - a tiny b...
5 Mars 202213min
The Economic Effects of Russia’s Invasion of Ukraine.
Send us a textRussia’s invasion of Ukraine risks disrupting the export of critical commodities and rupturing supply chains. Industries from food to cars and fertilizer makers to aircraft manufacturers will be hit by disruption to exports.Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Patreon Page: https://www.patreon.com/PatrickBoyleOnFinanceVisit ou...
27 Feb 202218min
What Does Being Cut Off From SWIFT Mean For Russia?
Send us a textThe US President said on Thursday that the United States and Europe were united in their efforts to confront Russian aggression toward Ukraine with aggressive sanctions. However, there was one area where he suggested that there was some disagreement: SWIFT.The messaging service, called the Society for Worldwide Interbank Financial Telecommunications, connects more than 11,000 financial institutions around the world. It is viewed as a potential nuclear option in the world o...
26 Feb 20228min
Meet Razzlekhan - 'The Crocodile of Wall Street'
Send us a textA married couple has been arrested and charged with laundering billions in Bitcoin stolen during the 2016 Bitfinex hack, as the Justice Department announced its largest financial seizure ever. Ilya 'Dutch' Lichtenstein, and his wife, Heather Rhiannon Morgan aka Razzlekhan or The Crocodile of Wall Street, were arrested on Tuesday in Manhattan on federal charges of conspiracy to commit money laundering and conspiracy to defraud the United States.Federal law enforcement officials s...
13 Feb 202215min
DOJ Launches Criminal Investigation Into Short Selling!
Send us a textUS criminal authorities are gathering information on contacts among dozens of short selling hedge funds and research outfits as they investigate possible trading abuses by hedge funds. This comes after complaints from GameStop and AMC Shareholders.The Department of Justice has sent subpoenas asking for information about a list of more than two dozen firms to a smaller group of market participants. Among other things, they are asking for calendar information and communicati...
7 Feb 202212min
The Consequences of China's Slowdown
Send us a textChina’s Economy Is Slowing Which Could Have Big Consequences for the World.Economic output grew four percent in the last quarter, a slowdown from the previous quarter. Growth faltered as home buyers and consumers became more cautious. Construction and property sales have slumped, as the country grapples with power shortages, Covid-related restrictions, a crackdown on a range of companies, and debt troubles in its property sector. Some of those pressures could ease, but China’s e...
27 Jan 202216min
