Stocks: GameStop and Game Over? – LIVE TALKWITH PETER JUNGEN, GERARD HORHAN AND RYAN MCMAKEN
- 25 March 2021
- Posted by: Competere
- Categories: events, highlights, News
STOCKS: GAMESTOP AND GAME OVER? – LIVE TALK
THURSDAY 25th MARCH – h. 6pm
Together with excelent guests and experts we have discussed about two main issues about the stock markets and the political economy of the pandemic:
- the short squeeze of the stock of the American video game retailer GameStop and other securities that took place in January and February. A big deal causing major financial consequences for certain hedge funds and large losses for short sellers. The aftermath of this short squeeze situation also led to a number of accuses of market manipulation against the trading platforms (such as Robinhood), the amateur investors who started the operation, and also against the hedge funds ; and also led to an inquiry by the American Administration and Parliament. So a huge impact;
- secondly this issue poses questions about the level of liquidity pumped in the market by Central Banks in response to the economic and health crisis we are still facing. So it seems legit to ask whether the monetary and fiscal policies conducted by the Fed and other Central banks are reaching their originary goals or are inflating bubbles in the stock markets.
Peter Jungen is Chairman of Peter Jungen Holding GmbH and investor in numerous start-ups in Europe and in the US like Idealo GmbH, the leading German comparison shopping platform
Gerald Hörhan is CEO and Founder of the Investmentpunk Academy, the leading online platform for financial education in the German speaking countries
Ryan McMaken is a senior editor at the Mises Institute. Ryan has degrees in economics and political science from the University of Colorado and was a housing economist for the State of Colorado. He is the author of Commie Cowboys: The Bourgeoisie and the Nation-State in the Western Genre.
MODERATING THE DEBATE
Giacomo Bandini, Competere.eu