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Financial System “Dangerously Close” to Failure During GameStop Mania: Interactive Brokers

DANGEROUSLY CLOSE TO COLLAPSE

source / The Money GPS

The retail trader mania has come back into the news as congress attempts to pretend they’re on top of it all. They’ll blame a few people, maybe a slap on the wrist here or there, and yet it won’t be possible to ever acknowledge that the Fed has enabled such speculation. The reason why people aren’t saving money in their bank accounts, that they aren’t taking a more cautious approach to their investment strategy is because the cash is devaluing so fast, you have to put it where you get the best bang for your buck. Unfortunately, sometimes you lose a pair of underpants in the process.

$GPS

 

Just Another SPAC Files for U.S. IPO (Really, That’s the Name)

Just Another SPAC Files for U.S. IPO (Really, That’s the Name)

(Bloomberg) — With filings by blank-companies flooding in at a record pace, one new listing captures the spirit of the surge. Just Another Acquisition Corp. filed on Tuesday with the U.S. Securities and Exchange Commission to raise $60 million for an acquisition in an unspecified sector.

Congress divided over who’s to blame for Reddit trading phenomenon – Axios

Lawmakers are divided over who’s to blame for the “meme stock” trading mania

There’s little consensus about what went wrong, if anything, during the trading mania that drove a group of “meme stocks” to meteoric heights – and those tensions could animate today’s GameStop-centered Congressional hearing. Why it matters: What went wrong and who’s to blame – short-sellers, Robinhood, Reddit daytraders, etc.

Interactive Brokers chairman Thomas Peterffy on GameStop frenzy

Interactive Brokers chair says financial system came ‘dangerously close’ to failure during GameStop mania

Interactive Brokers chairman Thomas Peterffy told CNBC Wednesday that the U.S. financial system faced greater stress during the GameStop trading frenzy than is generally recognized. “We have come dangerously close to the collapse of the entire system and the public seems to be completely unaware of that, including Congress and the regulators,” Peterffy said in an interview on “Closing Bell.”

Ken Griffin’s Citadel Securities Reaps Record $6.7 Billion Year on Volatility – Bloomberg

https://www.bloomberg.com/news/articles/2021-01-22/citadel-securities-reaps-record-6-7-billion-year-on-volatility

Ranked: The World’s Least Affordable Cities to Buy a Home

Ranked: The World’s Least Affordable Cities to Buy a Home

▼ Use This Visualization The Briefing For the 10th year in a row, Hong Kong is the world’s least affordable housing market The U.S. is home to a mixture of the most and least affordable housing markets In certain parts of the world, housing prices have risen much faster than household incomes, making home ownership increasingly more difficult for the average Joe.

DEMOGRAPHIA INTERNATIONAL HOUSING AFFORDABILITY — 2021 EDITION

Presented by the Urban Reform Institute and the Frontier Centre for Public Policy

Click to access dhi.pdf

The World’s Least Affordable Housing Markets

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Yellen Shift on Vast Treasury Cash Pile Poses Problem for Powell – Bloomberg

https://www.bloomberg.com/news/articles/2021-02-16/yellen-shift-on-vast-treasury-cash-pile-poses-problem-for-powell

Long Way Down

Treasury’s cash balance is expected to fall by hundreds of billions of dollars

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Online shipping costs expected to increase further into the pandemic

Online shipping costs expected to increase further into the pandemic

Delivery costs have been rising across the country and are expected to continue as the pandemic drags on, creating a serious headwind for retailers, according to a report by Jefferies.

Why Walmart’s CEO says Americans urgently need another stimulus check

Why Walmart’s CEO says Americans urgently need another stimulus check

When Walmart CEO Doug McMillon went to the White House last week, he said he gave a clear message: Americans urgently need another round of stimulus checks. Walmart’s stores and websites reflect consumers’ spending patterns, the retail chief said in an interview with CNBC’s Courtney Reagan on ” Squawk Alley.”

Treasury Secretary Janet Yellen makes push for a big stimulus, sees bigger risk to not doing enough

Treasury Secretary Janet Yellen makes push for major stimulus, sees bigger risk in not doing enough

Treasury Secretary Janet Yellen on Thursday said a large stimulus package is still necessary to get the economy back to full strength, despite momentum suggesting that growth is off to a faster start than anticipated in 2021. In a CNBC interview, the lead economic official in the Biden administration said the $1.9 trillion proposal could help the U.S.

Amazon sur le point d’acquérir AMC, la plus grande chaîne de salles de cinéma au monde

Amazon sur le point d’acquérir AMC, la plus grande chaîne de salles de cinéma au monde

Les actions de la plus grande chaîne de salles de cinéma au monde, AMC (American Movie Classics), qui a été durement touchée par le confinement, ont augmenté de 30% suite à des rumeurs de conversations avec Amazon concernant une possible acquisition.

source

Lumber: $1000 Record High / Gold: 7-month lows

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One of Ten in U.S. May Have to Switch Occupations Post Pandemic

One of Ten in U.S. May Have to Switch Occupations Post Pandemic

(Bloomberg) — One out of every ten U.S. workers — about 17 million, all told — will likely be forced to leave their jobs and take up new occupations by 2030 as Covid-19’s after-effects destroy huge swathes of low-paying positions in a labor market that was primed for disruption before the pandemic.

New World

Labor demand will shift across occupations

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Insider selling shares, insider stock sales are an interesting look at what’s happening behind the scenes at a company. More money moving into the stock market. Value stocks have seen more inflows and tech stocks and other growth stocks are also performing well. More money is being pumped in from all sides, creating a massive bull market that apparently will never end as we are on a permanently high plateau. Stimulus driving markets higher.


— APPENDICES —

— The Money GPS: Swaggystocks.com is an interesting look at retail trading. Cut through all the nonsense and simply look at the data (Instagram Feb 21, 2021)
— The Money GPS: Swaggystocks.com shows you exactly what’s going on with the retail traders. Ignore the garbage on the actual boards and just get the data (Instagram Feb 21, 2021)
— The Money GPS: Bitcoin $240,000? (Instagram Feb 17, 2021)
— The Money GPS: TOP 2 TRADES FOR 2021 (Instagram Feb 15, 2021)
— The Money GPS: Commodities for 2021 — Boom or bust? (Instagram Feb 14, 2021)
— The Money GPS: Leave your emotions at the door investing is strictly business (Instagram Feb 13, 2021)
— The Money GPS: Clubhouse. Get in the app because I’m planning on going live daily. (Instagram Feb 13, 2021)
— The Money GPS: Brandon Dawson. One guy to watch out for as an investor to see what he’s doing and compare. (Instagram Feb 12, 2021)
— The Money GPS: REAL Unemployment Rate 10% (Instagram Feb 11, 2021)
— The Money GPS: Zoom out and see what you’re doing objectively (Instagram Feb 7, 2021)
— The Money GPS: SPAC IPO trend getting out of hand (Instagram Feb 6, 2021)
— The Money GPS: Citadel made lots of money from the retail traders (Instagram Feb 5, 2021)
— The Money GPS: Oil, commodities rising. Price will impact consumers. (Instagram Feb 5, 2021)
— The Money GPS: GME and AMC attracted many buyers. Illiquid stocks/micro cap stocks are now trendy. Be careful. (Instagram Feb 4, 2021)
— The Money GPS: Silver rockets higher (Instagram Feb 2, 2021)
— The Money GPS: Silver squeeze next? (Instagram Jan 31, 2021)
— The Money GPS: ETF loses 80% of assets! (Instagram Jan 31, 2021)
— The Money GPS: The Fed will not pop the bubble (Instagram Jan 30, 2021)
— The Money GPS: Wall Street Bets on Reddit is adding millions of people. Retail traders needed to keep the prices going higher. (Instagram Jan 30, 2021)
— The Money GPS: Jim Cramer says don’t go for grand slam. What do you think? (Instagram Jan 29, 2021)
— The Money GPS: Robinhood caps hot stocks like #gme to 1 share! (Instagram Jan 29, 2021)archive
— The Money GPS: STOCK MARKET TUMBLES as GME soars (Instagram Jan 29, 2021)
— The Money GPS: Find a company you thought was no longer in business, buy some shares, get rich quick. Is that what’s seriously happening right now?! (Instagram Jan 29, 2021)
— The Money GPS: Hedge your bets like @mcuban ? (Instagram Jan 28, 2021)
— The Money GPS: Fed won’t pull the plug right? (Instagram Jan 25, 2021)
— The Money GPS: Delaying the inevitable pain. (Instagram Jan 25, 2021)
— The Money GPS: Money flooding into stocks (Instagram Jan 24, 2021)
— The Money GPS: 2 ears, 1 mouth — use in that ratio. (Instagram Jan 23, 2021)
— The Money GPS: Buy the biggest shorts? (Instagram Jan 23, 2021)
— The Money GPS: Investing legend says bad things are coming because paper printing does not create an economy. (Instagram Jan 22, 2021)
— The Money GPS: The purpose of big tech is to absorb your data. Not to provide a service and later take advantage of you. Look up In Q Tel. (Instagram Jan 21, 2021)
— The Money GPS: Moving south? (Instagram Jan 21, 2021)
— The Money GPS: Bitcoin going higher? (Instagram Jan 20, 2021)
— The Money GPS: Janet Yellen will you go “big”? (Instagram Jan 19, 2021)
— The Money GPS: Time to move? (Instagram Jan 19, 2021)
— The Money GPS: Never stop (Instagram Jan 18, 2021)
— The Money GPS: Invest in yourself first (Instagram Jan 18, 2021)
— The Money GPS: BITCOIN HITS $40,000 (Instagram Jan 7, 2021)
— The Money GPS: To get where you want to be, you have to know where you are now. (Instagram Jan 4, 2021)
— The Money GPS: Aim Higher (Instagram Dec 17, 2020)
— The Money GPS: Never lose money (Instagram Dec 16, 2020)
— The Money GPS: Master one thing before moving on. Know where you are in the cycle. (Instagram Dec 15, 2020)
— The Money GPS: Be a better investor | How to be a better investor. Window shop! (Instagram Dec 12, 2020)

— FOOTNOTES —

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Wake up to the suits and ties. They’re all lying to you. None are your friends. None wish to help you. Wolves in sheep clothing. More distractions than ever before. The magician always makes a spectacle to hide the trick.

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“Fed Sounds Alarm on Commercial Real Estate, Business Bankruptcy” Nothing to see here folks. Market is doing well. Stimulus is all that matters. The Fed loves us all. Ignore all negative news and hate anyone who highlights that which is clearly a major issue #realestate #bubble pic.twitter.com/IRDsy53G5A

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FASTEST PACE OF MORTGAGE DEBT. Don’t worry though because it’s so cheap to borrow. No worries! If interest rates rise by just a little bit during the course of holding their mortgage, they’ll be unable to afford it. But central banks would never do that to us, would they? #debt

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We live in a fantasy land. More money flowing in than ever before, IPO frenzy, housing skyrocketing. Euphoria never end well. The higher it goes the worse it will be. Slow and steady growth is much safer. #money #investments #debt

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IF THEY WILL FIGHT OVER PLAYSTATION…What would they do for food? #ps5 #PlayStation5 #playstation #ps5fight #walmart pic.twitter.com/hbimVKzeta


PLAYLISTS

The Amazon GPS – Mini YouTube eCourse

The Money GPS – How To and Solutions

The Money GPS Easy eCourse

How To Fix the Economy

How To Fix the Economy – Introduction
How To Fix the Economy – Bailouts
How To Fix the Economy – Food
How To Fix the Economy – Central Bank
How To Fix the Economy – Manufacturing
How To Fix the Economy – Financial Markets
How To Fix the Economy – Media
How To Fix the Economy – Overseas Investment


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CLUBHOUSE. I’m thinking about doing a daily Clubhouse chat. Anyone would be able to come on and ask me questions directly. I want to do something that other creators are not doing.

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I know not many people are on this app yet since in invite only but basically just download the app, choose a username, and wait to get in. I’ll let you know before I proceed on my end so nobody misses it. 2/2 #clubhouse #clubhouseapp

— The Money GPS: Clubhouse. Get in the app because I’m planning on going live daily. (Instagram Feb 13, 2021)

 


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The Money GPS Financial Education 101 coming soon.100% free eCourse for you to learn from but for those who already know the content, this is perfect to share with others. I’m creating this course for people specifically to get the foundation #money #moneyGPS #financialeducation pic.twitter.com/nzqVVSSorT


HOW TO MAKE MONEY ON AMAZON – FREE eCOURSE:  http://TheAmazonGPS.com


LOOK THROUGH MY BOOKS! http://books.themoneygps.com

SUPPORT MY WORK: https://www.patreon.com/themoneygps

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Sources Used in This Video: http://bit.ly/TheMoneyGPSSources2021


The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It’s simply data that is generally not found through conventional means.

#money #stockmarket #SPAC

 

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Leubles
Leubles
February 25, 2021

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