Moiraine Posted January 16, 2021 Share Posted January 16, 2021 5 hours ago, NebraskaHarry said: I just want the price of lumber and steel to go back down. Time to end the tariff war with Gina 1 Link to comment
BigRedBuster Posted January 16, 2021 Author Share Posted January 16, 2021 11 hours ago, Moiraine said: Time to end the tariff war with Gina That reminded me of a conversation I had with an economist years ago. I asked about tariffs. He said the problem with them is what’s called import inflation. So, put that on top of what I said in the OP. Link to comment
Archy1221 Posted January 16, 2021 Share Posted January 16, 2021 How do we deal with China? Pre DJT wasn’t tenable for the long term 1 Link to comment
Moiraine Posted January 16, 2021 Share Posted January 16, 2021 4 hours ago, Archy1221 said: How do we deal with China? Pre DJT wasn’t tenable for the long term I’m not saying there aren’t problems we should try to stop, but they were overblown by Trump and things were far worse with his solution(s). He didn’t and still doesn’t understand what a trade deficit means. He thinks it’s a zero sum game and that’s ridiculously wrong, and made decisions off his misunderstanding of it. 4 Link to comment
Ratt Mhule Posted January 27, 2021 Share Posted January 27, 2021 This is an interesting thread Link to comment
teachercd Posted January 27, 2021 Share Posted January 27, 2021 53 minutes ago, Frott Scost said: This is an interesting thread Game Stop stock went bonkers! Looks like AMC is the new one for today. This is the new insider trading! Link to comment
FrantzHardySwag Posted January 27, 2021 Share Posted January 27, 2021 Looks like they shut down WSB sub reddit. Been watching this thing since it was at $20. It's a slippery slope, all it takes is one moderator with a buddy on wall st controlling a narrative on one stock to orchestrate a pump and dump. Link to comment
knapplc Posted January 27, 2021 Share Posted January 27, 2021 15 minutes ago, FrantzHardySwag said: Looks like they shut down WSB sub reddit I wonder if the Mods didn't lock it to clean it out. Apparently they're being brigaded by a bunch of new accounts posting BS. It's up now. Link to comment
FrantzHardySwag Posted January 27, 2021 Share Posted January 27, 2021 6 minutes ago, knapplc said: I wonder if the Mods didn't lock it to clean it out. Apparently they're being brigaded by a bunch of new accounts posting BS. It's up now. Yep saw the same thing. It's no secret the power of pumping a stock on that sub. That's gonna be a common problem for them moving forward. Link to comment
Omaha-Husker Posted January 27, 2021 Share Posted January 27, 2021 Chamath Palihapitiya is absolutely on fire on CNBC right now about this. I'll post a video when I find one after the interview. Link to comment
knapplc Posted January 27, 2021 Share Posted January 27, 2021 1 minute ago, Omaha-Husker said: Chamath Palihapitiya is absolutely on fire on CNBC right now about this. I'll post a video when I find one after the interview. Pro or con? Because as near as I can tell from reading about this, they aren't doing anything illegal. Link to comment
Omaha-Husker Posted January 27, 2021 Share Posted January 27, 2021 18 minutes ago, knapplc said: Pro or con? Because as near as I can tell from reading about this, they aren't doing anything illegal. He is pro the retail traders. Not in 100% agreement with everything he said, but he is really sticking up for the small guys b/c he sees how this can end with insane regulations being put on me and you and whoever else with a couple grand to invest while they bail out hedge funds again and let them lever up risk they can't cover over and over again. 2 Link to comment
FrantzHardySwag Posted January 27, 2021 Share Posted January 27, 2021 25 minutes ago, knapplc said: Pro or con? Because as near as I can tell from reading about this, they aren't doing anything illegal. Here is a taste. He also closed his GME position and donated it to barstool fund (500k?). Link to comment
BigRedBuster Posted January 27, 2021 Author Share Posted January 27, 2021 OK....can someone give me the reader's digest version of what's going on with GameStop...etc.? Edit: I listened to the above interview and from what I gathered from Chamath, I agree with him. If I'm understanding things correctly, people on Reddit created a momentum for everyone to go out and buy Gamestock which drove up the price. Am I correct? If so, people managing large hedge funds can go f#&% themselves. That sort of thing has been happening behind the scenes with them for a very long time and they have gotten amazingly rich from it, while retail investors don't have the same information. Now, the tables are turned? Sorry Wall Street.....boo hoo. If Im wrong on what's going on, please correct me. Thanks, 1 Link to comment
deedsker Posted January 27, 2021 Share Posted January 27, 2021 People are nostalgic for Gamestop. Some people invest/tell other on investing subreddit about investing into Gamestop. Gamestop goes up a little bit. People find out Hedge Fund is highly investing in Gamestop tanking (short selling the stock). Internet takes over and all kinds of people start investing in Gamestop to get said Hedge Fund to lose money. No real central players causing major issues to a particular investment company and people are concerned what is next. TLDR; real world Occupy Wall Street movement, but using financial institutions. Link to comment
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