GAMESTOP: Armchair Investors - Gary on Sky News Podcast with Dermot Murnaghan
Garys Economics 14:07
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Excerpts of Gary on Dermot Murnaghan's Sky News Daily Podcast
Broadcast on 04/02/2021 & uploaded with permission from Sky News
SKY'S WEBSITE: https://news.sky.com/
SKY'S YOUTUBE CHANNEL: http://www.youtube.com/skynews
FULL SKY NEWS DAILY PODCAST: https://news.sky.com/story/gamestop-how-armchair-investors-are-leading-the-war-against-wall-street-12207814
SKY NEWS DAILY PODCAST DESCRIPTION:
The stock market frenzy surrounding videogame store, GameStop seemed to come out of nowhere. Last week, armchair investors, armed with easy-to-use trading apps, used social media to drive up the share prices that multiple billion-dollar hedge funds had bet against. GameStop share prices rose over 1000%, and with that, hedge funds like Melvin Capital and Citron Research lost an estimated total of $19 billion.
But what actually happened to cause such a massive hit to Wall Street? And why does this matter?
Sky News Daily podcast host, Dermot Murnaghan speaks to economist and former trader, Gary Stevenson about why this stock market volatility could be a symptom of an unequal society.
SOCIAL MEDIA:
WEBSITE - https://www.wealtheconomics.org
TWITTER - @garyseconomics
FACEBOOK - garyseconomics
INSTAGRAM - garyseconomics
GARY'S ARTICLES:
https://www-express-co-uk.cdn.ampproject.org/v/s/www.express.co.uk/comment/expresscomment/1310681/coronavirus-crisis-higher-taxes-open-letter-government/amp?amp_js_v=a3&_gsa=1&usqp=mq331AQIKAGwASDYAQE%3D#aoh=15953698215440&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fwww.express.co.uk%2Fcomment%2Fexpresscomment%2F1310681%2Fcoronavirus-crisis-higher-taxes-open-letter-government
https://www.theguardian.com/commentisfree/2020/may/07/i-made-millions-last-debt-crisis-rich-win-coronavirus-fair-tax?utm_term=Autofeed&CMP=twt_gu&utm_medium&utm_source=Twitter#Echobox=1588851954
https://www.cityam.com/debate-is-there-any-point-in-members-of-the-wealthy-elite-calling-for-higher-taxes-in-response-to-covid-19/
https://www.opendemocracy.net/en/oureconomy/following-coronavirus-money-trail/
https://www.opendemocracy.net/en/oureconomy/i-made-a-fortune-from-predicting-the-last-crisis-i-fear-for-whats-about-to-unfold/
https://www.nationalobserver.com/2020/05/22/analysis/whats-making-rich-stupidly-richer?fbclid=IwAR0cV436I5FEzNvpDp2WKqMho5-2rmYJnfef7T6vzYw_pyNy5usoeArTLWg
MORE VIDEOS:
COVID-19 MONEYFLOW THEORY - https://youtu.be/EiblHqbpXHs
COVID-19 RICH GETTING RICHER - https://youtu.be/1YrDt8z0dKE
STOCK FROM:
Media Modifier on Pixabay
Gerd Altmann on Pixabay
Felix Brönnimann on ?
Spoken by Dermot Murnaghan
SKY NEWS
Produced by Annie Joyce
SKY NEWS
Spoken by Gary Stevenson
GARY'S ECONOMICS
Uploaded by Simran Mohan
MOHAN MEDIA
Broadcast on 04/02/2021 & uploaded with permission from Sky News
SKY'S WEBSITE: https://news.sky.com/
SKY'S YOUTUBE CHANNEL: http://www.youtube.com/skynews
FULL SKY NEWS DAILY PODCAST: https://news.sky.com/story/gamestop-how-armchair-investors-are-leading-the-war-against-wall-street-12207814
SKY NEWS DAILY PODCAST DESCRIPTION:
The stock market frenzy surrounding videogame store, GameStop seemed to come out of nowhere. Last week, armchair investors, armed with easy-to-use trading apps, used social media to drive up the share prices that multiple billion-dollar hedge funds had bet against. GameStop share prices rose over 1000%, and with that, hedge funds like Melvin Capital and Citron Research lost an estimated total of $19 billion.
But what actually happened to cause such a massive hit to Wall Street? And why does this matter?
Sky News Daily podcast host, Dermot Murnaghan speaks to economist and former trader, Gary Stevenson about why this stock market volatility could be a symptom of an unequal society.
SOCIAL MEDIA:
WEBSITE - https://www.wealtheconomics.org
TWITTER - @garyseconomics
FACEBOOK - garyseconomics
INSTAGRAM - garyseconomics
GARY'S ARTICLES:
https://www-express-co-uk.cdn.ampproject.org/v/s/www.express.co.uk/comment/expresscomment/1310681/coronavirus-crisis-higher-taxes-open-letter-government/amp?amp_js_v=a3&_gsa=1&usqp=mq331AQIKAGwASDYAQE%3D#aoh=15953698215440&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fwww.express.co.uk%2Fcomment%2Fexpresscomment%2F1310681%2Fcoronavirus-crisis-higher-taxes-open-letter-government
https://www.theguardian.com/commentisfree/2020/may/07/i-made-millions-last-debt-crisis-rich-win-coronavirus-fair-tax?utm_term=Autofeed&CMP=twt_gu&utm_medium&utm_source=Twitter#Echobox=1588851954
https://www.cityam.com/debate-is-there-any-point-in-members-of-the-wealthy-elite-calling-for-higher-taxes-in-response-to-covid-19/
https://www.opendemocracy.net/en/oureconomy/following-coronavirus-money-trail/
https://www.opendemocracy.net/en/oureconomy/i-made-a-fortune-from-predicting-the-last-crisis-i-fear-for-whats-about-to-unfold/
https://www.nationalobserver.com/2020/05/22/analysis/whats-making-rich-stupidly-richer?fbclid=IwAR0cV436I5FEzNvpDp2WKqMho5-2rmYJnfef7T6vzYw_pyNy5usoeArTLWg
MORE VIDEOS:
COVID-19 MONEYFLOW THEORY - https://youtu.be/EiblHqbpXHs
COVID-19 RICH GETTING RICHER - https://youtu.be/1YrDt8z0dKE
STOCK FROM:
Media Modifier on Pixabay
Gerd Altmann on Pixabay
Felix Brönnimann on ?
Spoken by Dermot Murnaghan
SKY NEWS
Produced by Annie Joyce
SKY NEWS
Spoken by Gary Stevenson
GARY'S ECONOMICS
Uploaded by Simran Mohan
MOHAN MEDIA
Category (YouTube): News & Politics Exumo categories: Finance & Investing
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