Unsound money, asset bubbles, inequality, and slow economic growth all are symptoms of the same bad policies that funneled money to the financial markets and not the real economy until this year.
I want to point out two articles today from the Marten’s. You should read them both. The first the Marten’s take excerpts from Wall Street Watchdogs and their comments on the current state of your financial system… corrupt & more… Read More ›
“‘We have come dangerously close to the collapse of the entire system and the public seems to be completely unaware of that, including Congress and the regulators,’ Peterffy said…”
…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.