Another one of the most hyped Wall Street schemes belly-flops.
How Zillow helped whip house prices higher and got caught with its pants down (AI = artificial idiocy?).
No one knows total stock market leverage, but it’s huge and ballooning, as we see from the tidbits we’re allowed to see.
It should just forget about selling movie tickets, and stick to selling its shares to future meme-stock billionaires.
Ah, hefty “fees” & fat “spreads.” But wasn’t the promise of bitcoin to buy stuff without using fiat currency payment systems such as PayPal?
Giant sucking sound of cash.
Lordstown now says it has “No Binding Orders” after saying it had “Binding Orders,” after admitting it had “No Binding Orders,” after hyping its binding orders for months. Sheesh.
We don’t know how much total leverage there is, but from the trends in margin debt, we know it’s huge and ballooning.
New York Fed’s Williams prepares markets for “technical adjustments” to the Fed’s “administered interest rates” to get a handle on this phenomenon.
But who’s buying? CEO Adam Aron is schmoozling and bamboozling the Reddit crowd.