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Re: Does anyone care about the economy?

Posted: Thu January 28, 2021 4:23 pm
by simple schoolboy
Higgs wrote:
simple schoolboy wrote:
McParadigm wrote:
Bi_3 wrote:
BurtReynolds wrote:https://www.oregonlive.com/business/2021/01/bankrupt-blockbuster-video-stock-surged-more-than-700-tuesday-in-sign-of-market-ebullience.html?utm_campaign=theoregonian_sf&utm_medium=social&utm_source=facebook&fbclid=IwAR1NbetbSRGO8Qmg4sMwg8---CIoTWO5Gy4IJ4mGIvdE-Bc_ajO3KqoFTrI

Bankrupt Blockbuster Video stock surged more than 700% Tuesday in sign of market ‘ebullience’: report
This why we cannot just tax the rich. It’s not real money.
It’s real money if they have it, but not if we tax it.
You down with the proposal to tax unrealized capital gains?
Is this a real thing/consideration??
Don't think any legislation has been introduced, but its something thats been discussed for a while.

https://www.realclearmarkets.com/articl ... 57597.html

Re: Does anyone care about the economy?

Posted: Thu January 28, 2021 4:57 pm
by Jorge
For those of you struggling to get your mind around this

Re: Does anyone care about the economy?

Posted: Thu January 28, 2021 5:16 pm
by B
:lol: :nice:

Re: Does anyone care about the economy?

Posted: Thu January 28, 2021 5:25 pm
by doug rr
quite a bit of yelling on cnbc today..ha

Re: Does anyone care about the economy?

Posted: Thu January 28, 2021 5:43 pm
by BurtReynolds

Re: Does anyone care about the economy?

Posted: Thu January 28, 2021 6:09 pm
by BurtReynolds
The discord was shut down for "hate speech" lol.

The empire strikes back.

Re: Does anyone care about the economy?

Posted: Thu January 28, 2021 8:10 pm
by tragabigzanda
FUCK ICE

Re: Does anyone care about the economy?

Posted: Thu January 28, 2021 8:52 pm
by Bi_3
simple schoolboy wrote:
Higgs wrote:
simple schoolboy wrote:
McParadigm wrote:
Bi_3 wrote:
BurtReynolds wrote:https://www.oregonlive.com/business/2021/01/bankrupt-blockbuster-video-stock-surged-more-than-700-tuesday-in-sign-of-market-ebullience.html?utm_campaign=theoregonian_sf&utm_medium=social&utm_source=facebook&fbclid=IwAR1NbetbSRGO8Qmg4sMwg8---CIoTWO5Gy4IJ4mGIvdE-Bc_ajO3KqoFTrI

Bankrupt Blockbuster Video stock surged more than 700% Tuesday in sign of market ‘ebullience’: report
This why we cannot just tax the rich. It’s not real money.
It’s real money if they have it, but not if we tax it.
You down with the proposal to tax unrealized capital gains?
Is this a real thing/consideration??
Don't think any legislation has been introduced, but its something thats been discussed for a while.

https://www.realclearmarkets.com/articl ... 57597.html
Spot on with the mark to market / unrealized gains stuff. That is an insanely terrible idea

The transaction tax stuff is way off base. The concerns could easily be mitigated by limiting it to stocks owned for less than a full business day (a full record cycle). The would cause HFTs to eat a dick, but they deserve it.

Re: Does anyone care about the economy?

Posted: Thu January 28, 2021 9:10 pm
by Bi_3
BurtReynolds wrote:The discord was shut down for "hate speech" lol.

The empire strikes back.

Careful, they are watching:

Image

Re: Does anyone care about the economy?

Posted: Thu January 28, 2021 10:28 pm
by tragabigzanda
FUCK ICE

Re: Does anyone care about the economy?

Posted: Fri January 29, 2021 12:02 am
by BurtReynolds

Re: Does anyone care about the economy?

Posted: Fri January 29, 2021 12:39 am
by 96583UP
robinhood reopening to some buts tmrw

this is total mayhem

the autists are gonna yolo so hard tomorrow

Re: Does anyone care about the economy?

Posted: Fri January 29, 2021 12:49 am
by Bi_3
Anyone who made 7 figures and didn’t bail because “we need change” is a dipshit

Re: Does anyone care about the economy?

Posted: Fri January 29, 2021 12:51 am
by BurtReynolds
Bi_3 wrote:Anyone who made 7 figures and didn’t bail because “we need change” is a dipshit
Hold the line!

Re: Does anyone care about the economy?

Posted: Fri January 29, 2021 6:05 am
by simple schoolboy
I'm no crypto fanboi, but that what Robinhood did is legal shows some serious failures in the system.

Techbros and anime randos keep on getting to the correctish answer before the official sense makers do.

Re: Does anyone care about the economy?

Posted: Sat January 30, 2021 12:56 am
by BurtReynolds
Image

Re: Does anyone care about the economy?

Posted: Sat January 30, 2021 1:13 am
by BurtReynolds
Imagine thinking this bitch was ever anything but a shill for power.

Re: Does anyone care about the economy?

Posted: Sat January 30, 2021 2:10 am
by 96583UP
article today about how Robinhood was required by DTCC to post more collateral bc of the high volatility of these stocks and covering the trades before they settled

they had to borrow $1B and post to DTCC

so that appears to be at least partly why they had to limit trades in those stocks

they were going broke

https://www.nytimes.com/2021/01/29/busi ... omers.html

Re: Does anyone care about the economy?

Posted: Sat January 30, 2021 3:26 am
by elliseamos
96583UP wrote:article today about how Robinhood was required by DTCC to post more collateral bc of the high volatility of these stocks and covering the trades before they settled

they had to borrow $1B and post to DTCC

so that appears to be at least partly why they had to limit trades in those stocks

they were going broke

https://www.nytimes.com/2021/01/29/busi ... omers.html
So should I short my robinhood holdings?

Re: Does anyone care about the economy?

Posted: Sat January 30, 2021 3:36 am
by BurtReynolds
Image

Image