A children's book explanation of what's happening:
1. If you are "smart money" you are allowed to take your $1 and leverage it up to $15+
2. You can now buy $15 of stock AND if you promise to short companies, you can short $15 of stock as well
5. You also publish your longs on a quarterly lag via an SEC rule. You don't have to tell anyone about your shorts.
7. You realize that publicizing your shorts is also a good idea so instead of only selling stocks, you also BUY options (puts) which has to be reported.
9. But then an outsider notices that the math is way off!
11. So he grabs his chicken fingers and champagne and buys, starts a massive short squeeze.
12. Other's see what's happening and they jump in.
So the outsider won?
More from Culture
I just finished Eric Adler's The Battle of the Classics, and wanted to say something about Joel Christiansen's review linked below. I am not sure what motivates the review (I speculate a bit below), but it gives a very misleading impression of the book. 1/x
The meat of the criticism is that the history Adler gives is insufficiently critical. Adler describes a few figures who had a great influence on how the modern US university was formed. It's certainly critical: it focuses on the social Darwinism of these figures. 2/x
Other insinuations and suggestions in the review seem wildly off the mark, distorted, or inappropriate-- for example, that the book is clickbaity (it is scholarly) or conservative (hardly) or connected to the events at the Capitol (give me a break). 3/x
The core question: in what sense is classics inherently racist? Classics is old. On Adler's account, it begins in ancient Rome and is revived in the Renaissance. Slavery (Christiansen's primary concern) is also very old. Let's say classics is an education for slaveowners. 4/x
It's worth remembering that literacy itself is elite throughout most of this history. Literacy is, then, also the education of slaveowners. We can honor oral and musical traditions without denying that literacy is, generally, good. 5/x
As someone\u2019s who\u2019s read the book, this review strikes me as tremendously unfair. It mostly faults Adler for not writing the book the reviewer wishes he had! https://t.co/pqpt5Ziivj
— Teresa M. Bejan (@tmbejan) January 12, 2021
The meat of the criticism is that the history Adler gives is insufficiently critical. Adler describes a few figures who had a great influence on how the modern US university was formed. It's certainly critical: it focuses on the social Darwinism of these figures. 2/x
Other insinuations and suggestions in the review seem wildly off the mark, distorted, or inappropriate-- for example, that the book is clickbaity (it is scholarly) or conservative (hardly) or connected to the events at the Capitol (give me a break). 3/x
The core question: in what sense is classics inherently racist? Classics is old. On Adler's account, it begins in ancient Rome and is revived in the Renaissance. Slavery (Christiansen's primary concern) is also very old. Let's say classics is an education for slaveowners. 4/x
It's worth remembering that literacy itself is elite throughout most of this history. Literacy is, then, also the education of slaveowners. We can honor oral and musical traditions without denying that literacy is, generally, good. 5/x
The emerging picture of John Sullivan aka Jayden X, the Cap riot agitator, and the documentarian Jade Sacker who filmed the whole thing really is the perfect microcosm of how Globalist American Empire stages its narrative.
Here’s the summary overview:
First Sullivan: agent provocateur who is no more antifa/BLM than he is Proud Boy, with suspicious family ties to the security state (allegedly), who helps instigate and document the Jan 6 events leading to IC officials immediately demanding the removal of the incumbent regime...
The guy’s social media profile is all over the map. From Civil Liberties gun guy to Antifa activist. And who planned the Utah BLM event that ended in the bizarre car shooting. His feed since Jan has all led to the Cap Hill events, including the first of the Parlor call outs.
Okay so maybe the guy is just a confused burn-it-all-down nihilist. Possible, but then we might do a big think about how an unhinged political schizo gets hooked up with a filmmaker with a long-history of doing activist/journalism on behalf of Woke Imperialism...
If John Sullivan aka Jaydenx is the “Fake,” Jade Sacker, his accomplice, is the “Gay.” Here’s a few snapshots from her portfolio (https://t.co/YEO1CCsQn8)
The plight of Rohingya Muslims. The Kurds in Northern Syria. Trans Women in Cambodia. etc. Boiler plate globohomo
Here’s the summary overview:
First Sullivan: agent provocateur who is no more antifa/BLM than he is Proud Boy, with suspicious family ties to the security state (allegedly), who helps instigate and document the Jan 6 events leading to IC officials immediately demanding the removal of the incumbent regime...
The guy’s social media profile is all over the map. From Civil Liberties gun guy to Antifa activist. And who planned the Utah BLM event that ended in the bizarre car shooting. His feed since Jan has all led to the Cap Hill events, including the first of the Parlor call outs.
Okay so maybe the guy is just a confused burn-it-all-down nihilist. Possible, but then we might do a big think about how an unhinged political schizo gets hooked up with a filmmaker with a long-history of doing activist/journalism on behalf of Woke Imperialism...
If John Sullivan aka Jaydenx is the “Fake,” Jade Sacker, his accomplice, is the “Gay.” Here’s a few snapshots from her portfolio (https://t.co/YEO1CCsQn8)
The plight of Rohingya Muslims. The Kurds in Northern Syria. Trans Women in Cambodia. etc. Boiler plate globohomo
@bellingcat's attempt in their new book, published by
@BloomsburyBooks, to coverup the @OPCW #Douma controversy, promote US and UK gov. war narratives, and whitewash fraudulent conduct within the OPCW, is an exercise in deception through omission. @BloomsburyPub @Tim_Hayward_
1) 2000 words are devoted to the OPCW controversy regarding the alleged chemical weapon attack in #Douma, Syria in 2018 but critical material is omitted from the book. Reading it, one would never know the following:
2) That the controversy started when the original interim report, drafted and agreed by Douma inspection team members, was secretly modified by an unknown OPCW person who had manipulated the findings to suggest an attack had occurred. https://t.co/QtAAyH9WyX… @RobertF40396660
3) This act of attempted deception was only derailed because an inspector discovered the secret changes. The manipulations were reported by @ClarkeMicah
and can be readily observed in documents now available https://t.co/2BUNlD8ZUv….
4) @bellingcat's book also makes no mention of the @couragefoundation panel, attended by the @opcw's first Director General, Jose Bustani, at which an OPCW official detailed key procedural irregularities and scientific flaws with the Final Douma Report:
@BloomsburyBooks, to coverup the @OPCW #Douma controversy, promote US and UK gov. war narratives, and whitewash fraudulent conduct within the OPCW, is an exercise in deception through omission. @BloomsburyPub @Tim_Hayward_
\u201cAllegations of our involvement with the intelligence services are of course false,\u201d says Bellingcat founder @EliotHiggins https://t.co/55V7sJV9or
— UnHerd (@unherd) February 15, 2021
1) 2000 words are devoted to the OPCW controversy regarding the alleged chemical weapon attack in #Douma, Syria in 2018 but critical material is omitted from the book. Reading it, one would never know the following:
2) That the controversy started when the original interim report, drafted and agreed by Douma inspection team members, was secretly modified by an unknown OPCW person who had manipulated the findings to suggest an attack had occurred. https://t.co/QtAAyH9WyX… @RobertF40396660
3) This act of attempted deception was only derailed because an inspector discovered the secret changes. The manipulations were reported by @ClarkeMicah
and can be readily observed in documents now available https://t.co/2BUNlD8ZUv….
4) @bellingcat's book also makes no mention of the @couragefoundation panel, attended by the @opcw's first Director General, Jose Bustani, at which an OPCW official detailed key procedural irregularities and scientific flaws with the Final Douma Report:
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Krugman is, of course, right about this. BUT, note that universities can do a lot to revitalize declining and rural regions.
See this thing that @lymanstoneky wrote:
And see this thing that I wrote:
And see this book that @JamesFallows wrote:
And see this other thing that I wrote:
One thing I've been noticing about responses to today's column is that many people still don't get how strong the forces behind regional divergence are, and how hard to reverse 1/ https://t.co/Ft2aH1NcQt
— Paul Krugman (@paulkrugman) November 20, 2018
See this thing that @lymanstoneky wrote:
And see this thing that I wrote:
And see this book that @JamesFallows wrote:
And see this other thing that I wrote: