What podcasts say about John Paul Rathbone
Every statement, with the speaker, the exact quote and the moment it was said.
What John Paul Rathbone has said on podcasts
21 statements · 10 positive · 9 negative · 2 neutral
Terra and Pusala coordinated purchases to inflate share prices and reported net asset values.
“they start their magic, which basically involves buying each other's shares and coordinating to buy the shares of other small liquid companies. And we get concentrated buying. Share price zooms up. Their own net asset value increases.”
Open the episode · Turkish dismayListen at 1:58
The funds reported approximately 43,000% returns over three years.
“And we're talking like 43,000% returns over three years.”
Open the episode · Turkish dismayListen at 2:22
The funds reported returns of approximately 43,000% over three years.
“we're talking like 43,000% returns over three years.”
Open the episode · Turkish dismayListen at 2:22
Turkey’s inflation rate was approximately 30% and this was viewed as a success.
“we're talking, it's down to 30% at the moment, and that's viewed as a triumph.”
Open the episode · Turkish dismayListen at 3:25
Turkey’s inflation rate is currently about 30%.
“it's down to 30% at the moment, and that's viewed as a triumph.”
Open the episode · Turkish dismayListen at 3:26
Parts of Turkey’s press promoted the funds and scandal as positive.
“You've got certain members of the press here, which is largely state-controlled, saying it's fantastic.”
Open the episode · Turkish dismayListen at 5:06
Pusilla faced a redemption request of approximately $6 billion in one day.
“there was... I think it was a request for $6 billion of redemption from one of these funds, the Pusilla funds, in one day.”
Open the episode · Turkish dismayListen at 6:38
The worst of Turkey’s fund crisis appeared to have passed.
“And the worst of the crisis seems to be storaged.”
Open the episode · Turkish dismayListen at 7:38
131 funds remain, with a combined notional value of $18 billion.
“you've still got 131 funds with a notional value of $18 billion in them”
Open the episode · Turkish dismayListen at 7:42
Investors may recover roughly 20 cents per dollar from remaining assets.
“And the number that's being floated around is 20 cents on the dollar. Who knows? But it won't be big.”
Open the episode · Turkish dismayListen at 8:00
Investors may recover roughly 20 cents per dollar from remaining assets.
“the number that's being floated around is 20 cents on the dollar. Who knows? But it won't be big.”
Open the episode · Turkish dismayListen at 8:00
Turkish authorities recognized the problem before containing it.
“my working hypothesis on this and it's. pure speculation is that the authorities recognized there was a problem”
Open the episode · Turkish dismayListen at 9:14
Turkey currently has high inflation, weak rule-of-law application, and state-co-opted institutions.
“here you're seeing extremely high inflation, dubious application of the rule of law, handicapping, if not prosecution of... opposition politicians, and a sense of institutions being co-opted by the state.”
Open the episode · Turkish dismayListen at 10:55
Many Turks perceive society as rigged and dependent on personal connections.
“there is a really distinct feeling across all people, all sector society, that everything is rigged and everything depends on who you know rather than a blind application of the rule of law.”
Open the episode · Turkish dismayListen at 12:04
Turkey’s debt and foreign-exchange markets are smooth and highly regulated.
“In the equity market, I would say, debt markets and the foreign exchange market, everything is super smooth, very regulated.”
Open the episode · Turkish dismayListen at 12:22
A Turkish lira deposit could yield about 12% above 30% inflation.
“If inflation, say, is 30%, and say you're on a lira deposit, say you're getting 42%, so that's a 12% return”
Open the episode · Turkish dismayListen at 13:06
The Turkish lira carry trade is safe while reserves remain high.
“And while reserve levels are high, that trade will be safe.”
Open the episode · Turkish dismayListen at 13:32
The Turkish lira carry trade remains safe while reserves are high.
“while reserve levels are high, that trade will be safe.”
Open the episode · Turkish dismayListen at 13:33
Turkey avoids uncontrolled devaluation because the exchange rate anchors inflation.
“Turkey doesn't want an uncontrolled devaluation because the exchange rate is an inflation anchor.”
Open the episode · Turkish dismayListen at 13:37
Turkey’s exchange rate is the country’s most closely watched economic indicator.
“that exchange rate is the most closely watched figure in all of Turkey.”
Open the episode · Turkish dismayListen at 14:38
President Erdogan will remain politically insulated from the scandal.
“So I think he'll remain immune.”
Open the episode · Turkish dismayListen at 15:17
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.