…folks like my nephew actually aren’t your customer. They’re your product. Your customer is sitting right next to you, Mr. Griffin with Citadel.”
Central banking traditionally operated as a judicious and conservative institution, with an overarching mandate focused on promoting monetary and financial stability. Historically, recognition that missteps can impart such profound societal hardship necessitated an incremental and risk-averse approach. Stability and doing… Read More ›
Wealth was redistributed – and count me skeptical that the flow was from professional speculators to retail traders.
Social Security is a transfer tax from the current generation to the retired generation. It is a generational tax, not an investment account, so the rich in our generation should NOT get off the hook…
Robinhood, E-Trade, TD Ameritrade, Charles Schwab, WeBull, Ally Invest Securities, First Trade, TradeStation and Fidelity all get paid to direct your orders to Citadel to execute trades according to the Marten’s 4 February article.
A significant “risk off” deleveraging event is likely now unfolding. The dislocation in the short stock universe has inflicted serious losses across hedge fund strategies. These drawdowns dictate risk control measures, moves to reduce exposures including long holdings.
Before you buy into the David versus Goliath saga of GameStop, it would be wise to step back and do some homework on what’s really going on.
Gamestop is blowback to wall street. Wall Street wants protection. Two minutes of truth.
This is one of the most dangerous and dishonest false narratives of our times. “…even though the amount of debt relative to the economy has gone up, the interest burden hasn’t.”