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Alternative Visions – Gamestop & the Game That Never Stops

Dr. Rasmus discusses the ‘topic of the week’, the fight between day traders and big institutional investors like Hedge Funds as financial markets reach bubble heights due to trillions of dollars of free money being pumped into investors’ pockets of all kinds in recent years.  The role of destabilizing technology in financial markets behind the financial conflict. The financialization of the US economy as the fundamental change driving the demand for stocks and other financial assets, of which Gamestop is just a tip of the financial iceberg.  Why the conflict is not about the ‘David’ day trader vs. Goliath Hedge Funds. Why players like Robin Hood, Reddit, and WallStBets forum will ultimately do what big shadow bank finance capital want. Rasmus concludes with a brief review of the just released GDP numbers for 2020 showing a -3.5% contraction of the US economy last year and why the first quarter 2021 will continue the trend of slowdown. (for more on Gamestop read Dr. Rasmus’ just published piece: ‘Gamestop—the Game That Never Stops’ on his blog, http://jackrasmus.com )

 

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