You remember thegame24 well, do you?
Economic policies, finance etc.
WaPo with the hottest of takes here. Includes this gem "A market without short sellers is like a political system without investigative journalists."
Why are americans like this?
Klaus wrote:
Be lenient. You don't know what deranged views you'd harbour had you grown up there
Then again it's not seldom you read similar outrageously dumb shit over here, the other day a German paper wrote some tearful garbage like "you shouldn't laugh at this, this is a serious abuse of the market and people's trust in it"
Yep, even the Guardian were shedding crocodile tears for the poor hedge funds.
Bloomberg wrote:Back in 2008, it was the shorts who upset the status quo, revealed what was rotten in the state of Wall Street, and brought down the big shots. They were even the heroes of a big movie. It was the Wall Streeters who attacked them.
The Washington Post wrote:Financial markets are usually stabilized by rational investors: If the crazies drive stocks to an absurd height, thoughtful people take the other side of the trade until prices reconnect with reality. The correction can be late and messy — it’s hard to be thoughtful when markets are wild — but at least our culture generally applauds the partisans of rationality. After the subprime bubble popped, the plucky minority that called out the excess became minor folk heroes. There was even a movie about them.
Are these hacks coordinating their defences?
Qwiss! wrote:WaPo with the hottest of takes here. Includes this gem "A market without short sellers is like a political system without investigative journalists."
Why can't we have both then?
jones wrote:Klaus wrote:
Be lenient. You don't know what deranged views you'd harbour had you grown up there
Then again it's not seldom you read similar outrageously dumb shit over here, the other day a German paper wrote some tearful garbage like "you shouldn't laugh at this, this is a serious abuse of the market and people's trust in it"
Haaretz had a piece claiming its causing anti-semitism.
More like its causing retardation.
In the end it's a nice little story of a couple hedge funds bleeding money for a while but ultimately it'll be the tax payer who'll foot the bill. Stock holders who haven't sold yet will be left holding their dick and the only ones winning are Blackrock and Vanguard who provided the stock ie ammo for this shitfest.
Yep its a decent but of spectacle but its not going to keep happening. The mechanisms that let happen will be closed. r/wallstreetbets will be monitored and infested with bots and con men. Nothing changes.
a month later
Not sure if its the right thread but I've started to gain interest with the recent pushes for workers rights and the possible economic consequences that may emerge from mobilizations.
https://www.theguardian.com/technology/2021/feb/23/amazon-bessemer-alabama-union
Amazon on is a full frontal assault(for years now) to bribe and brainwash employees from unionizing. The outcome for the Alabama vote will be really interesting. That Amazon pays $15 USD an hour is not going to feel like such an incentive for inhumane labor once the stimulus bill bumps up the minimum wage floor I would imagine.
Edit: actually an oped from today https://www.theguardian.com/commentisfree/2021/mar/11/amazon-bessemer-alabama-union-election
Workers rights are also evolving with the latest court last month deeming Uber drivers as employees than self-employed workers.
https://www.bbc.co.uk/news/business-56123668