As someone who's been following this a little too closely - the banks are about to implode again. They cooked the books in their latest earnings report to show the highest profits ever in their April 15 earnings reports, and just issued billions of corporate bonds.

This is not financial advice - but they're looking for bagholders - pull your money out and wait for it to crash.

Positions:

112 $GME

1 $800 July 16 $GME call

  • ass [he/him,comrade/them]
    ·
    4 years ago

    is there a good link i can send to my parents to warn them? they're pretty literate but not economists.

    • Koolio [any]M
      ·
      4 years ago

      Maybe:

      https://www.scmp.com/comment/opinion/article/3128329/archegos-chaos-raises-spectre-2008-financial-crisis

      or

      https://www.nytimes.com/2021/03/31/business/archegos-stock-market-swaps.html

      along with saying that right before 2008 all the news channels were hyping banks saying everything was fine just days / hours before the actual crash.