The craziest financial story of the week has got to be GameStop stock’s meteoric rise from $6 a share to $340 a share overnight. It all began when Melvin Capital hedge-fund managers decided to short GameStop, betting the stock would fall. But a lot of retail investors viscerally hate billion-dollar hedge-fund managers who make a living manipulating the stock market and driving small investors out of the game.
The hedge fund billionaires would have you believe the situation is kind of like this...
(If only...)
I had no idea what Gamestop is, and am not much interested in Wall Street and financial news, but reading about this made me smile. The Wolf of Wall Street has become the Mutt of Main Street now.
ReplyDeleteI've always considered the French Revolution to be an example of how not to change government.
ReplyDeleteI still do. But I have to say, I am beginning to understand why the French population went on such a bloody rampage.
A point that a certain segment of the American population ought to be keeping in mind.
I'm no fan of the French Revolution, either. But I think the so-called "insurrection" had one salutary effect: it taught our representatives that they are not quite beyond the literal reach of their constituents.
ReplyDeleteThat's why the Mayor of DC suggested that the fence around the Capitol be a permanent fixture.
DeleteIndeed it did, Paco. Indeed it did. That's why the National Guard rolled into the National Captiol.
ReplyDeleteThe leaders of the French Revolution remind me of our current crop of tyrants and communists.
ReplyDeleteNot all the French people were happy about the revolution.
What happened in the Vendee region is interesting, if depressing.
The French Revolution: The Rising of the Vendee