The Game Has Stopped
Glenn Greenwald has a great explanation of the Gamestop/Robinhood Reddit Rebellion
Matt Taibbi also has a nice breakdown in his piece: “Suck It, Wall Street. In a blowout comedy for the ages, finance pirates take it up the clacker.”
Furthermore, everybody “understands” what happened with GameStop. Unlike some other Wall Street stories, this one isn’t complicated. The entire tale, in a nutshell, goes like this. One group of gamblers announced, “Fuck you!” Another group announced back: “No, fuck YOU!”
That’s it. Or, as one market analyst put it to me this morning, “A bunch of guys made a bet, got killed, then doubled and tripled down and got killed even more.”
Regarding improprieties, leaving aside that the Redditors were doing exactly what billion-dollar hedge funds do every day — colluding to move a stock for fun and profit — the notion that this should be the subject of a federal investigation is preposterous.
Check out the video and the Taibbi piece. Great information. Fascinating stuff.
Thought-Provoking Articles:
“Will the Truth on COVID Restrictions Really Prevail?” – A great piece from Scott Atlas in Real Clear Politics on how lockdowns fanatics are blaming skeptics for the failure of their policies.
Car Lanes to Become Bike Lanes on 2 Major New York City Bridges. Mayor Bill de Blasio wants to add bike lanes on the Brooklyn and the Queensboro Bridges to encourage cycling as the city recovers from the pandemic.
“Don’t kill Granny, just terrify or ignore her” – The media keeps espousing the mantra of ‘not killing Granny’, yet is anyone out there actively considering the daily predicament of Granny – and Grandpa, for that matter – before their own ‘safety’?
“Moscow mayor lifts ban on nightclubs and drops curfew for bars amid falling coronavirus cases across Russia” – Normality returning in Russia, reports RT.
The Pandemic Has Erased Entire Categories of Friendship. There’s a reason you miss the people you didn’t even know that well.
Something Interesting:
Clayton Craddock is an independent thinker, father of two beautiful children in New York City. He is the drummer of the hit broadway musical Ain't Too Proud. He earned a Bachelor of Business Administration from Howard University's School of Business and is a 29 year veteran of the fast-paced New York City music scene. He has played drums in several hit broadway and off-broadway musicals, including "Tick, tick…BOOM!, Altar Boyz, Memphis The Musical, and Lady Day At Emerson's Bar and Grill. Also, Clayton has worked on: Footloose, Motown, The Color Purple, Rent, Little Shop of Horrors, Spongebob Squarepants, The Musical, Evita, Cats, and Avenue Q.