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A couple days back, I wrote up my best understanding of what happened with /r/wallstreetbets and meme stocks like Gamestop, trying to show how all the different, seemingly contradictory takes on the underlying financial stuff could all be true.
https://t.co/xWzre4r0Yj
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Let's start with Jimmy Carter.
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That was a fringe proposition at best.
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The vast majority of Americans wisely prefered a guaranteed payout to a tax-advantaged gambling account.
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Who would do that voluntarily?
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I. It made companies more profitable. Guaranteeing that the workers whose labor made your company viable wouldn't spend their dotage starving and homeless is expensive.
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Marketization begat financialization.
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It's called Wall Street Bets for a reason.
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* Workers are forced to play the casino, and if their bets fail, they spend their old ages homeless and starving;
* The vast majority of casino games are wholly abstract - bets on bets on bets - and require layers of refs;
* the refs are all crooked.
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https://t.co/tNFjGSD95v
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For example, the total short position on Gamestop exceeds its total stock issuance.
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https://t.co/6eSpIv9pup
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But they're not the only ones who are right.
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First, because these stocks will all need to be converted to cash, and that means selling them.
https://t.co/YcGLFT3stc
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https://t.co/biDxNTjerI
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it's hard to say this without sounding like you stan for Cooperman or Griffin, but any retelling of the past week that doesn't tell you how, past the retail ignition, the rocket ship was mostly intra- fast money warfare, isn't telling you the truth
— zatapatique (@zatapatique) January 28, 2021
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https://t.co/eDrQxtMoVu
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Smith is right too.
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But here's how they can all be right - the "who cares" and the "goliath v goliath" and the "bubble" and the "Robinhood is a plutes' honeypot."
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If the meme stock spectacle gets us to pay attention to hearings that reveal the irredeemable rot of the system, then it's a unique chance to spread REAL "financial literacy."
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https://t.co/M8KOqi1GX8
eof/
More from Cory Doctorow #BLM
Inside: Criti-Hype; Right to Repair is back for 2021; The free market and rent-seeking; and more!
Archived at: https://t.co/pXnzoWKJn2
#Pluralistic
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Criti-Hype: Tech bros will settle for "evil genius."
https://t.co/OyiM1vUS8Y
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There's a Yom Kippur joke I love: the rabbi and the richest man in town are praying, "Oh Lord, I am nothing, I am nothing!"
— Cory Doctorow #BLM (@doctorow) February 2, 2021
The synagogue's janitor sees them and joins in: "I am nothing!"
The richest man says to the rabbi: "Look who thinks he's nothing."
1/ pic.twitter.com/kHFKcNAnC4
Right to Repair is back for 2021: Will Apple sabotage this one too?
https://t.co/3gcyEZQWfk
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2018 was almost the year we won the #RightToRepair.
— Cory Doctorow #BLM (@doctorow) February 2, 2021
Instead, 2018 turned out to be the year we lost #R2R: 20 bills defeated in 20 state houses, and it was mostly @apple's fault.
1/ pic.twitter.com/oDYM17e22b
The free market and rent-seeking: Unauthorized bread and poor doors.
https://t.co/7Ob6AdmkDz
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When you hear the phrase "free market," you probably think of "a market that is free from regulation" but that's the opposite of the phrase's original meaning!
— Cory Doctorow #BLM (@doctorow) February 2, 2021
1/ pic.twitter.com/QNAuJhMNWI
#10yrsago Diane Duane’s crowdfunded publishing experiment finally concludes https://t.co/qsRnZxiL8b
#10yrsago Inside Sukey, the anti-kettling mobile app https://t.co/puGNKw5XgF
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Inside: Dependency Confusion; Adam Curtis on criti-hype; Catalytic converter theft; Apple puts North Dakota on blast; and more!
Archived at: https://t.co/Osts9lAjPo
#Pluralistic
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This weekend, I'll be participating in Boskone 58, Boston's annual sf convention, where I'm doing panels and a reading.
https://t.co/2LfFssVcZQ
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Dependency Confusion: A completely wild supply-chain hack.
https://t.co/TDRNHUX0Ug
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In "Dependency Confusion," security researcher @alxbrsn describes how he made a fortune in bug bounties by exploiting a new supply-chain attack he calls "dependency confusion," which allowed him to compromise "Apple, Microsoft and dozens of others."https://t.co/hn32EmF5qT
— Cory Doctorow #BLM (@doctorow) February 10, 2021
1/ pic.twitter.com/eqFr3GXlyX
Adam Curtis on criti-hype: Big Tech as an epiphenomenon of sociopathic mediocrity, not supergenius.
https://t.co/MYmHOosTk3
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Adam Curtis is a brilliant documentarian, and films like Hypernormalization and series like All Watched Over by Machines of Loving Grace had a profound effect on my thinking about politics, technology and human thriving.
— Cory Doctorow #BLM (@doctorow) February 11, 2021
1/ pic.twitter.com/gydJK358BX
Catalytic converter theft: Rhodium at $21,900/oz.
https://t.co/SDMAXrQwdd
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Back in the early 2010s, people started falling into open sewer entrances in New York City and other large metros - because a China-driven spike in the price of scrap metal, combined with post-2008 unemployment, gave rise to an army of metal-thieves.https://t.co/gtD72IDCPn
— Cory Doctorow #BLM (@doctorow) February 11, 2021
1/ pic.twitter.com/gdgVJoMoY8
More from Trading
If you wish to learn abt trading,psychology,options,business etc
You can go through this thread.
Other than this I do post videos on my YT channel : -Abhishek Kar & Tradiostation
-Intraday views on FREE telegram : Abhishek Kar Official
RT will be appreciated
1. Threads to learn Options
https://t.co/wabkek43I8
2. https://t.co/OIDenHKdWN
3. Some core rules to investing
https://t.co/37d1pygp7P
4.Summing up 2020 Trading lessons
https://t.co/jSUb1lSGbQ
5.Effects of margin change on
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— Abhishek Kar (@Abhishekkar_) December 29, 2020
The entire thread will have some quick pointers on options trading. These bullet points are based on experience and learning and even if you are completely new,will help you to build some perspective. So,lets go :
6. Exciting story about a trader who destroyed a Bank
https://t.co/CsEEhIsD3q
7. Some Thought Provoking facts about stock markets
https://t.co/IjxpX5Wx24
8. A dose on Trading and investing
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— Abhishek Kar (@Abhishekkar_) October 11, 2020
This thread is about the trader who with his reckless trading destroyed the entire Barings bank. In case you would like to read more such informative threads,do not forget to retweet and share as acts as encouragement
9. Top 5 resources to learn everything about stocks
https://t.co/6KnIySBGIG
10. Some Pro Tips on Trading
https://t.co/EiSGikt7jv
11. Wisdom on stuffs you should not do
https://t.co/bI2dH0XTSS
12. Reasons why you are losing the
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— Abhishek Kar (@Abhishekkar_) July 21, 2020
The following thread will have top 5 for everything you need in the world of stock market and as learner who wants to REALLY grow. Make sure you #retweet the thread and let it reach the maximum number of people as sharing is caring.
13. The DARK side of stock market
https://t.co/qsteGcbquI
14. Stocks where you should NOT invest
https://t.co/2tD5q0K3UQ
15. Lessons from MILLIONAIRE trader
https://t.co/Pec6LmUtGa
16. Lessons from my
\U0001d5e7\U0001d5db\U0001d5d8 \U0001d5d7\U0001d5d4\U0001d5e5\U0001d5de \U0001d5e6\U0001d5dc\U0001d5d7\U0001d5d8 \U0001d5e2\U0001d5d9 \U0001d5e6\U0001d5e7\U0001d5e2\U0001d5d6\U0001d5de \U0001d5e7\U0001d5e5\U0001d5d4\U0001d5d7\U0001d5dc\U0001d5e1\U0001d5da
— Abhishek Kar (@Abhishekkar_) July 6, 2020
In the following thread you will understand a few dark truths about stock trading as a profession.
Sadly everyone touches the only green side but there has to be a balance. Don't forget to #retweet for wider reach.