Mike's Daily Comment
And just about everything else. Nothing will have a bigger impact financially, economically and geopolitically…it’s going to be a wild rise.
Gamestop is a compelling story – hedge funds losing billions – individuals striking it rich but it’s also a huge warning. Plus Mike starts with arguably the question of the decade. Plus a goofy award that’s going to bring the hate mail.
Canada ranks 23rd when it comes to the ease of doing business – 64th when it comes to getting a construction permit. Let’s send a thank you note to our political leaders.
Major hedge funds lost billions, which should remind us all, including politicians who tell us the debt build up is not a problem, how much of the potential fall-out is unpredictable.
Michael Levy: Unintended Consequences of the COVID-19 Pandemic
Posted by Michael Levy
on Tuesday, 2 February 2021 7:50
One of the secondary reactions to the COVID-19 pandemic is how a group of bored and at home day traders took on Wall St Hedge Fund managers resulting in a frenzied market that produced spectacular gains. But are they prepared to see the other side which will most certainly result in huge losses?