TLDR
The GameStop squeeze on short-sellers is an extraordinary event in markets, where at face value, retail traders and investors have worked together in an attempt to put some of the largest wall street institutions out of business. The events can be interpreted with many viable lenses and there are ironies baked in that are pure serendipity. With government policy dictating markets in greater degrees since the mid-90’s, the politically connected have been more likely to survive. Quantitative and high-frequency trading has changed the structure of global markets with this change invited through central banking policy characterised by moral hazard.via the TL;DR App
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Written by TK | Crypto, Markets, Trading
