In their zeal for control over online speech, House Democrats are getting closer and closer to the constitutional line, if they have not already crossed it… Read More Congress Escalates Pressure on Tech Giants to Censor More, Threatening the First Amendment
The advent of a Draghi government speaks volumes about the nature of Italian (post-)democracy, and the perverse effects that the euro has had on the country’s economic, social and political fabric… Read More Mario Draghi Is the Problem, Not the Solution
The reason that the young people placing trades at Robinhood are viewed as “the product” that Robinhood is selling to Citadel Securities is that Wall Street has long viewed retail orders as the “dumb money” it would like to trade against… Read More GameStop Hearing Exposes a Sick Business Model Destined to Exacerbate Wealth Inequality in America
Barclays, Citi, JPMorgan sued by investors over FX-rigging… Read More FX Rigging May Have Spread to 200 Chat Rooms, Lawyer Says
Jeff Bezos’s newspaper is weaponizing fact checking to slander Bernie Sanders and defend GOP tax cuts that enrich billionaires and Amazon. Democracy dies in darkness.… Read More Lies, Damn Lies, And Fact Checking
Welcome to the most lop-sided playing field in the history of markets… Read More Citadel Didn’t Just Bail Out a GameStop Short Seller; Citadel Also Had a Big Short Position in GameStop
Crossing the Rubicon of class.… Read More Oligarchy in America
What’s being ignored in all the current hoopla is that the largest federally-insured banks in this country, that now double as trading casinos and Dark Pools thanks to the repeal of the Glass-Steagall Act, have every incentive to suck in the small investor at the top of a market bubble in order to create an escape route for themselves… Read More GameStop Shares: Dark Pools Owned by Goldman Sachs, JPMorgan, UBS, et al, Have Made Tens of Thousands of Trades
In a blowout comedy for the ages, finance pirates take it up the clacker… Read More Suck It, Wall Street
One of the most interesting and potentially significant conflicts to happen in some time — not just financially but culturally and politically — deserves serious scrutiny… Read More The Reddit Revolution, GameStop and Melvin Capital
All of the billions of dollars in Treasuries that the Fed has bought since August 6 are now trading at losses.… Read More The Fed Has a Problem: Yields Have Doubled on the 10-Year Treasury in Six Months, Despite the Fed Buying $400 Billion in Treasury Securities
With Trump gone, what will the media feed their clickbait hunger with? War? Russia, China, Syria, Iran?… Read More The Mephistopheles Media
