gamestop

Whether it’s soccer teams or sandwich shops, financialization was there before the pandemic, only making some of its supply-chain hijacking yet another example of an impending capitalist disaster. Re-regulation must remain important as crises loom in the post-pandemic recovery.  A 2017 interview with UMass’s Gerald Epstein points to the need to...

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  • Avatar of News Corpse
  • April 25, 2021

One of the few silver linings of this deadly pandemic will hopefully be the final death of the myth that the stock market is, in any way, a barometer of national prosperity. The S&P 500 has been booming, even with over half a million COVID-19 deaths, alongside record unemployment and...

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  • Avatar of SemDem
  • March 6, 2021

Let real wages (of $15+/hour) grow faster than labor productivity for some years, undoing the wage repression of the last decades. We have been misled by neoliberal economics for now many decades, it’s time to turn many things around in what is becoming a second-rated US economy, recently crippled by the...

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  • Avatar of annieli
  • February 9, 2021

No one wants to hear about GameStop(gate) even if it’s not really a scandal or a flaw in capitalism. Slavoj “we must end capitalism but won't” Žižek on GameStop is like imposing a libidinal economy on Sudetenland when you take it over. Was the appeasement good for you too? There’s a market...

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  • Avatar of annieli
  • February 2, 2021

Senator Bernie Sanders pointed out once again on the MSM that the Wall Street business model is a fraud. Many are starting to see it now. Senator Bernie Sanders remains consistent on Wall Street See full episodes here. Senator Bernie Sanders‘s consistency in articulating a harsh reality for an America...

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  • Avatar of Egberto Willies
  • February 1, 2021

The best explanation of short selling (as it applies to GameStop) that I've read pic.twitter.com/o9ZL5HqsKf — John M. Cunningham (@jmcunning) January 28, 2021 1/2Short selling means borrowing shares and immediately selling them. When the price goes down, they buy them back for cents and return them to the lender. This...

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  • Avatar of annieli
  • January 31, 2021

Democratization via the Wall Street Bets subreddit GameStop stock short squeeze points out the stock market is a fraudulent casino. GameStop shorting & Wall Street populism See full episodes here. A market financial analyst according to this reporter are watching the GameStop short squeeze with fascination and familiarity. And what...

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  • Avatar of Egberto Willies
  • January 29, 2021

Pastor Justin Speak, a member of Reddit’s “Wall Street Bets” subreddit, supports the GameStop short squeeze to make the rich pay. Pastor makes the moral case. See full episodes here. On a recent Politics Done Right show, one of the listeners thought that the Wall Street Bets subreddit members might be...

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  • Avatar of Egberto Willies
  • January 29, 2021

Large hedge funds representative of fictitious capital aka “dumb money” got screwed by swarming reddit collective action. Numerous “redditors” caused a small scale version of (short) market chaos. WE GOT JON STEWART TO JOIN TWITTER He's right tho… https://t.co/iHedgMhKqg — WSB Mod (@wsbmod) January 29, 2021 UPDATE: It's definitely not a...

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  • Avatar of annieli
  • January 29, 2021

Lots of manipulation today, but the House always wins even in the case of GameStop.  Elizabeth Warren on the GameStop surge on @CNBC:”The billionaires and some hedge funds are yelling because they're not the ones, the only ones, who make money when the manipulation works.” x This is the same...

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  • Avatar of annieli
  • January 28, 2021

The Wall Street Bets on Reddit move on GameStop has proven that the stock market and its financial instruments are a special fraud. Reddit proving something big Chat – Join Politics Done Right Live weekdays @ 3:00 PM CentralVideo Zoom: LINK — Live Calls: (346)248-7799 ID:254 0 9091 Topics: Alexandria Ocasio-Cortez...

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  • Avatar of Egberto Willies
  • January 28, 2021

So this story requires a rudimentary understanding of two completely unrelated news items: 1) The weird GameStop stock manipulation that’s currently being undertaken by Redditers. Basically, it’s a gambit intended to screw over hedge fund managers who shorted the stock and to prove that the market is just a load of bullshit,...

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  • Avatar of Aldous Pennyfarthing
  • January 28, 2021

The Wall Street Bets on Reddit move on GameStop has proven that the stock market and its financial instruments are nothing but a fraud. Reddit, Wall Street Bets, GameStop See full episodes here. From the time I took an economics elective class and understood the stock market in detail and...

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  • Avatar of Egberto Willies
  • January 28, 2021

This really is not taking a position, but just recognition of what is going to happen tomorrow (maybe) and how this is going to impact market investments going forward. I am sure many of you have heard about the GameStop phenomenon, but it is not being that well explained in...

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  • January 28, 2021

Not really a heist film, but a brief amusement worth another cinematic treatment of financial markets like Trading Places. If not, here’s a quick recap: a bunch of traders — many amateurs — got together on the online discussion forum Reddit and decided they were going to pump up GameStop’s...

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  • Avatar of annieli
  • January 28, 2021

Democracy is an afterthought for Trumpists. Whether it’s the “sense of style” or “good men knowing their limitations” the movie character of Dirty Harry played by Clint Eastwood resembles the RWNJ fantasy of transcendent morality embodied in some westerns. Harry Callahan acts beyond a rule of law premised on liberal...

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  • Avatar of annieli
  • January 28, 2021